How does Axis Long Term Equity Fund work?
Axis Long Term Equity Fund is an open-ended equity linked saving scheme (ELSS) with a compulsory lock-in period of three years and comes with tax benefits under Section 80C of the Income Tax Act. The fund currently manages assets worth Rs 19,717.72 crore as on June 30, 2019.
Is Axis Long Term Equity Fund Safe?
Axis Long Term Equity Fund is a top performers in the ELSS category. You can invest Rs 30,000 in a lumpsum, since you have a very long-term investment horizon. You can also consider investing the money in a good performing multi cap scheme. We are assuming that you have a moderate risk profile.
When can I withdraw Axis Long Term Equity Fund?
Daily Systematic Transfer Plan is available for Axis Long Term Equity Fund in weekly, monthly and quarterly option. Redemption proceeds within 10 days from the date of receipt of request from the unit holder.
What is the return on Axis Long Term Equity Fund?
Axis Long Term Equity Fund Returns
| 1-Year | 3-Year | Since Inception |
|---|---|---|
| 25.47\% | 20.46\% | 20.49\% |
How long is long term investment in equity?
Read on to know how long is ‘long term’ when it comes to equity investing. It would be safe to say that for long-term financial goals a period over seven years could be considered as long-term. And equity as an asset class is an apt choice from an asset allocation standpoint.
Are short term or long term bonds riskier?
Long-term bonds are riskier than short-term bonds because holders of long-term bonds have to wait longer for repayment of principal. If a holder of a long-term bond needs his money earlier than the distant date of maturity, he has no choice but to sell the bond to someone else, perhaps at a reduced price.
Are short term investments an asset?
Short-term investments are part of the account in the current assets section of a company’s balance sheet. This account contains any investments that a company has made that is expected to be converted into cash within one year.