AXIS Equity Mutual Fund offers 19 different types of mutual fund schemes under the category of equity mutual funds. As on March 2023, the total AUM belonging to these AXIS AMC schemes is Rs 241,015 crores. AXIS Equity schemes include bluechip funds, mid-cap, small-cap, opportunities funds, flexi-cap, index funds and so on.
|Fund Name||Scripbox Opinion||Till Date CAGR|
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Equity funds provided by Axis mutual funds are suitable for investors who understand the risk and volatility associated with equity markets. This fund is suitable for investors willing to focus on long-term capital appreciation. Also, staying invested in equities can help them avoid market volatility in the short term. Therefore, Axis Equity Mutual Fund is suitable for a minimum investment duration of 5-7 years. However, before investing, investors must identify the investment objective of any Axis Equity Mutual Fund. Moreover, Axis Equity schemes are ideal for investment objectives of child education, retirement planning, buying a dream house, etc.
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An income arising from the sale of Axis Equity Fund schemes generates a capital gain. Capital gain on Axis Equity Mutual Fund is taxable depending on the holding period. The following table shows the taxation of Axis Equity Mutual Funds –
|Short Term Capital Gains (STCG)||Long Term Capital Gains (LTCG)|
|Holding Period||If holding period is less than 12 months||If holding period is more than 12 months|
|Taxation||Capital gains are taxable at 15% flat in investor’s hands irrespective of the income tax slab rate.||Capital gains up to Rs. 1 lakh is exempted. Above Rs. 1 lakh is taxable at the rate of 10%|
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