The fund has the majority of its money invested in Financial, Capital Goods, Technology, Automobile, Services sectors. It has taken less exposure in Financial, Capital Goods sectors compared to other funds in the category.
Returns are taxed at 20%, if you redeem before one year.
After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
#80C #SIP #ELSS #TAXSAVER #WELATHCREATION #MUTUALFUND #LONGTERM
The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalizations.
The Scheme is in the nature of diversified multi-cap fund.
AXIS TAXSAVER FUND:
A 3-year lock-in ensures that the money stays invested in equities and does not get perturbed by market ups and downs.
Add to it, the fund manager can take much informed decision and look through the interim volatility.
Returns are taxed at 20%, if you redeem before one year.
After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
#80C #SIP #ELSS #TAXSAVER #WELATHCREATION #MUTUALFUND #LONGTERM
AXIS TAXSAVER FUND:
A 3-year lock-in ensures that the money stays invested in equities and does not get perturbed by market ups and downs.
Add to it, the fund manager can take much informed decision and look through the interim volatility.
Saksham Agrawal
BIREN PADALIYA