Is Axis Bluechip fund an ELSS?

Axis Long Term Equity Fund is an open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit. *As per the present tax laws, eligible investors (individual/HUF) are entitled to deduction from their gross income of the amount invested in Equity Linked Saving Scheme (ELSS) up to Rs.

What type of fund is Axis bluechip?

Axis Bluechip Fund is a mutual fund scheme. Investing in mutual funds involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal.

Is Axis An ELSS mutual fund?

Axis Long Term Equity Fund is a diversified equity linked saving scheme (ELSS) that invests in a mix of large caps and select midcaps. The fund has a 3-year lock-in which is one of the lowest amongst other tax saving instruments.

Is Axis Long Term Equity Fund an ELSS?

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. Axis Long Term Equity Fund is managed by Jinesh Gopani. He has been managing the fund since April, 2011.

Is Axis Small Cap Fund ELSS?

Axis MF ELSS Funds are diversified equity funds which aim at providing investors with an opportunity to grow wealth over the long run. When you invest in Axis MF ELSS Funds, you become eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act.

Is Axis Blue Chip fund taxable?

Blue chip funds or large cap funds are pure equity schemes. The gains from these funds are taxable based on their investment holding period. Redemptions within one year of investment are taxable at Short Term Capital Gains Tax (STCG) rate of 15\%.

Is Axis Blue Chip fund good?

Axis Bluechip Fund (Growth) is recommended for investment within large cap mutual funds. Large cap funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years)….Fund Returns.

Last 1Y	25.9\%
6 Month CAGR	10.9\%

Is bluechip a fund?

Blue chip funds are equity mutual funds that invest in stocks of companies with large market capitalisation. These are well-established companies with a track record of performance over some time. Blue Chip is commonly used as a synonym for large cap funds.

What is difference between ELSS and equity mutual fund?

Equity Linked Savings Schemes (ELSS) have some unique features: 3 years lock-in period while equity funds have no lock-in period. Tax Deduction in investments upto INR 1,50,000 under section 80C of the Income Tax(IT) Act. As per the Budget 2018, Gains up to INR 1 lakh are free of tax.

How do I know if my mutual fund is ELSS?

An ELSS is a mutual fund class that offers tax deductions under Section 80C of the Income Tax Act, 1961. To check if a fund is an ELSS or not, you need to check for its details on the fund house’s website. If you are investing via a third party, the same information will also be available on their website.

Is Axis Small Cap fund ELSS?

What is the difference between Axis bluechip Fund and Axis long term?

Axis Bluechip Fund is a Large cap diversified equity fund, which is an open ended fund. Axis Mutual Funds scheme “Axis Long Term Equity Fund” is an ELSS Fund and has lock-in period of 3 years, where you save income tax Under section 80C.

What are axaxis ELSS funds?

Axis ELSS Funds are diversified equity funds which offer you opportunities of long term wealth creation in a tax-efficient manner. These funds have a lock-in period of 3 years and are ideal for investors who have a higher risk appetite.

What are the tax benefits of investing in Axis MF ELSS funds?

When you invest in Axis MF ELSS Funds, you become eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. In this, the amount invested by you gets deducted from your taxable income. It reduces your overall tax liability.

What is the NAV of axaxis Bluechip fund?

Axis Bluechip Fund. Regular-Growth. Scheme Type: Equity. Fund Manager: Mr. Shreyash Devalkar. NAV. as on Mar 24, 2021. ₹ 38.42. CAGR. Since inception.