fund

Fund review: Axis Long Term Equity Fund


ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

BASIC FACTS

DATE OF LAUNCH

29 DECEMBER 2009


CATEGORY

EQUITY

TYPE

ELSS

AUM*

Rs.27,628 Crore

BENCHMARK

NIFTY 500 TOTAL

RETURN INDEX

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WHAT IT COSTS

NAV**

GROWTH OPTION

Rs.62.43

IDCW

Rs.21.99

MINIMUM INVESTMENT

Rs.500

MINIMUM SIP AMOUNT

Rs.500

EXPENSE RATIO*** (%)

1.61

EXIT LOAD

0%

*AS ON 30 JUNE 2022
**AS ON 19 JULY 2022
***AS ON 30 JUNE 2022


FUND MANAGER

JINESH GOPANI

TENURE: 11 YEARS, 2 MONTHS

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Recent portfolio changes
New Entrants:
Mahindra & Mahindra, , Delhivery, Rainbow Childrens Medicare

Complete Exits: Endurance Technologies,

Increasing allocation: Apollo Hospitals, Astral, Clean Science And Technology, Divi’s Labs, FSN E-Commerce Ventures, M&M, , Inds, , The Company, Tube Investments of India

Should you buy?

Despite amassing a large corpus, the fund continues to run a very compact portfolio of high conviction ideas. The fund manager is comfortable taking outsized positions in individual bets relative to the index. He picks stocks that fit within a strict quality framework, even if it implies paying a slight premium. While this strategy helped the fund top the charts between 2018-2020, the fund’s performance has visibly deteriorated since as market preferences shifted to suit other styles. The fund may continue to go through a lean phase but has exhibited ability to deliver healthy outcomes over long term across alternating bouts of under- and outperformance.

(Source: Value Research)



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