Is Axis Long Term Equity Fund the Best ELSS Fund?

Axis Long Term Equity Fund is an ELSS (Equity Linked Saving Scheme) fund that has consistently beaten its peers. Let us take a look at how this fund has performed in the current market downturn.

(Rs. 1.5 Lakh can be invested in ELSS funds to avail income tax deductions under Sec. 80C of the I.T. Act)

Fund Highlights

  • Minimum Investment: Rs. 500
  • Return since Launch: 13.71%
  • Expense: 1.7%
  • Assets: Rs. 21,659 cr (As on 29/02/20)

Top Holdings

  1. Bajaj Finance
  2. Avenue Supermarts
  3. Kotak Mahindra Bank
  4. HDFC Bank
  5. TCS
  6. Pidilite Industries
  7. Info Edge (India)
  8. HDFC
  9. Maruti Suzuki
  10. Nestle India

Returns

  • 1 yr: -17.16%
  • 3 yr: 1.18%
  • 5 yr: 2.57%
  • 7yr: 14.17%
  • 10yr: 12.73%

Peer Comparison

Axis Long Term Equity Fund beats almost all of its peers in the same category on 3yr, 5yr and 10 yr returns. Even in the current market crash, it’s 3-year return is still positive compared to negative returns for almost all other ELSS funds.

Axis Long Term Equity is undoubtedly the best fund in the ELSS category given its long term track record of delivering consistent returns in all market conditions.

(Check out Fund Website here)

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