About Axis Long Term Equity Direct Plan - Dividend Payout
Axis Long Term Equity Direct Plan - Dividend Payout is a Tax Saver
mutual fund scheme from Axis Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Jinesh Gopani
. It has an AUM of ₹19,126.58 Crores and the latest NAV decalared is ₹34.719 as on 09 Jul 2020 at 3:20 am.
Axis Long Term Equity Direct Plan - Dividend Payout scheme return performance in last 1 year is -0.60%, in last 3 years is 23.82% and 220.05% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.