Captain of the ELSS Team!

By Rahul Pithadia : Tax saving may be a tiresome exercise requiring a lot of efforts which makes an ordinary investor nervous at a first glance. This fund aims for “SHARE LESS SAVE MORE”. They help the investors to get tax rebates under section 80 C of Income Tax Act. This is the only pure investment option under sec 80 C through which investors can get dual benefits capital appreciation through exposure in equity and tax benefits.

Axis Long term equity Fund 20151222

Axis Long Term Equity Fund – Growth is an open ended Equity Linked Saving Scheme [ELSS] which has a lock in period for 3 years.

Portfolio Analysis: The major holdings of this fund are into Banking and Automotive sectors. Below is the table shown of Sectoral allocation of this fund.

Sector allocation 20151222

Returns: In past the fund has provided with following returns:

Returns 20151222

Risk: This fund has concentrated exposure to sectors and so the risk is high. Also we are seeing loss of momentum on upside which is a caution sign. Fresh investments should be done in form of SIP only with time horizon of three years or more….
Investment rationale: Axis Long Term Equity ELSS scheme can show some under performance as the overall equity market is undergoing through sideways to negative correction. The long term uptrend should resume after few months of correction. Till then investments can be done in this fund by way of SIP. Any retracement towards 50% zone at 23 – 24 will provide good entry level that will help to ride the next bull trend over coming years!

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