Axis ELSS Tax Saver Fund(G)-Direct Plan
View the regular plan of this scheme
Rs 95.5204 -0.7195(-0.748 %) NAV as on 26 Apr 2024
Scheme Objective: The investment objective of the scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities.
Performance (As on 26 Apr 2024)
| 6 month returns | 1 year returns | 3 year returns | 5 year returns | Returns since inception | |
|---|---|---|---|---|---|
| Scheme | 22.73 % | 35.94 % | 13.18 % | 14.94 % | 17.82 % |
| NIFTY 500 | 25.88 % | 38.87 % | 19.46 % | 16.53 % | N/A |
Portfolio
Tax-saving funds are equity funds that qualify for deductions under Section 80C of the Income Tax Act. These funds invest in stocks across market capitalisations, shifting allocations based on opportunities. These funds tend to be similar in terms of risk and return to multi-cap funds. While they can be volatile in the short term, holding for longer periods allow them to deliver well. Each investment in a tax-saving fund will be locked in for 3 years. Investments, however, can be held for periods longer than this as well, in order to earn optimal returns.
These funds suit investors looking to make tax-saving investments. conservative investors can choose funds with a large-cap orientation. Investments will be locked in for 3 years but should ideally be held for at least 5 years.
Short-term: Holding period is less than 12 months.
Taxation: Capital gains are taxed at 15%
Long-term: Holding period is 12 months or more.
Taxation: Capital gains up to Rs 100,000 each financial year is tax-exempt. Remaining capital gains is taxed at 10%. For investments made on or before January 31st, 2018: Capital gain up to this date is tax-free.