Save Tax & Grow Wealth with Axis Long Term Equity Fund Growth

Have you ever wondered if you could save on your taxes and surprise your wife with a brand new car or send your beloved parents on a dream vacation? Is money acting as a hindrance to you due to which you are unable to fulfil these small desires of your family? What if we say there’s a way of paying less tax and create long-term wealth?

Considering Axis Long Term Equity Fund can be of great help to you. With this, you can save tax up to Rs. 46,350 per year by investing an amount up to Rs. 1.5 lakh. Yes, you heard that right! The ELSS mutual funds in India fall under Section 80C, which provide the benefit of tax exemption to the investors. By investing an amount up to Rs. 1.50 lakh in a year one can reduce the total tax liability. Not only this, the future returns on the ELSS schemes and the capital gains on selling the products are further tax-free for the investors. Accordingly, saving tax along with creating wealth is not more difficult.

Axis Long-Term Equity Plan is an ELSS with a three years lock-in period. It is eligible for the Income Tax exemption under section 80C of the Income Tax Act, 1961. Moreover, this fund is an equity scheme with major investments in the equity and related securities due to which it endeavours to provide high growth in the capital as well. The money is invested in the equity market which gives better returns over a period of time.

Axis Long Term Equity Fund utilises the lock-in window of ELSS funds to provide a unique approach to equity investments. With this, a situation is created wherein both investor’s and the fund manager’s interests are aligned to look at the long-term opportunities while ignoring the short-term issues.

While investing, Axis Equity Fund looks at companies which can imperatively generate higher profits and create wealth over three to four years. Accordingly, the fund manager overlooks the short-term market volatility of the stock price along with the temporary hiccups in the company’s income. 

Furthermore, the fund manager of this scheme works completely on a bottom-up investment approach, which means that he judges individual stocks purely on their prospects without considering the overall market direction or the benchmarks. With this, the fund has created tremendous value for the investors since its inception. 

This fund is suitable for the investors who are desirous of gaining long-term capital appreciation by investing predominantly in the equity stocks. So if you too are among those investors, then you must park your money in Axis Long-Term Equity Fund. MySIPonline provides the accurate platform for online mutual fund investments. You must avail their services to make your investment worthwhile.