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FUND AXIS LONG TERM EQUITY FUND REGULAR DIRECT
ANALYST’S
CH ICE A sharp focus on quality
Launch look at its performance year increased it to more than 80 per cent
December 2009 after year over the last in the past few months. The
Fund manager Adecade is sufficient to remaining portfolio is invested in mid
Jinesh Gopani
explain why this fund is the biggest caps, with a very small allocation to
fund in the tax-saving category. The small caps. The portfolio is usually
fund has delivered top-quartile compact and has around 30–35 stocks.
Expense ratio (%) performance in most calendar years The fund underperformed its
DIRECT of its existence and as a result, benchmark only once (in 2016) and
0.73 1.15
MIN FUND MEDIAN MAX retained a five-star rating for almost category only twice (in 2016 and
its entire rated history. 2017) in its 11-year history.
0.25 2.04 Like most other equity offerings Otherwise, it has stayed ahead in
REGULAR from the Axis family, this fund also bull, as well as bear phases of the
1.62 2.28
MIN FUND MEDIAN MAX has a sharp focus on quality and it market. As a result, it has always
doesn’t mind paying a premium for it. maintained a good margin of
1.62 2.58
The fund hunts for superior and outperformance from an average
Trailing returns (%) scalable businesses with strong peer in any block of five years.
Regular Direct S&P BSE 500 TRI pricing power, high returns on capital Overall, Axis Long Term Equity is a
and secular growth. It maintained strong performer coming from a
11.37 large-cap exposure in the range of credible fund family. Invest if you are
1-Year 12.28 65–70 per cent since 2015, but looking for a high-conviction growth
16.46
stepped it up to about 75 per cent in portfolio for your tax-saving
9.79 late 2019 and has now further investments.
3-Year 10.78
6.76
Growth of `10,000 SIP `8.90 lakh | `9.13 lakh
13.64 10 lakh
5-Year 14.76 Regular Direct
13.83
8 lakh
75.04
Recent 76.32
rally 6 lakh
99.14
-31.43
Recent -31.40 4 lakh
crash
-35.60 `6.10 lakh
2 lakh Amount invested
Recent rally: March 23, 2020 — February 05, 2021
Recent crash: February 25, 2020 — March 23, 2020
Data as on January 31, ‘21. 0
Expense as on December 31, ‘20. February 2016 January 2021
REGULAR DIRECT
Year
2016 2017 2018 2019 2020 2021 (YTD) 2016 2017 2018 2019 2020 2021 (YTD)
Rating
Quartile 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
ranking*
Fund -0.69 37.44 2.65 14.83 20.52 -5.74 0.40 38.99 3.71 15.86 21.50 -5.67
return (%)
Category 4.58 38.40 -6.33 8.26 16.16 -1.36 5.57 39.81 -5.35 9.38 17.46 -1.27
return (%)
Investment style
Fund style Growth Blend Value Large Medium Small Capitalisation Category returns are for ELSS funds. *Quartile ranking means the quartile in which the fund appears when all the funds in the category are arranged in a descending order of
returns. YTD as on January 31, ’21. The ratings of direct and regular plans have been calculated separately in relation to their respective regular and direct peers. Hence, they
can be different. S&P BSE 500 index has been given only for comparison. It may not be the stated benchmark of the fund.
38 Mutual Fund Insight March 2021
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