About Axis Long Term Equity Direct Plan - Growth
Axis Long Term Equity Direct Plan - Growth 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 ₹21,472.82 Crores and the latest NAV decalared is ₹54.445 as on 17 Jan 2020 at 9:25 pm.
Axis Long Term Equity Direct Plan - Growth scheme return performance in last 1 year is 21.05%, in last 3 years is 66.60% and 261.51% 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.