Axis Mutual funds are one of the most trusted MFs in the market, and above all the Axis Long Term Equity Fund is ranked among top 3 by money control.
Axis long term equity fund is a 3 years lock-in tax saver fund which comes under the Section of 80C of Income Tax Act.
This mutual fund has given 32% returns till date and generally gives returns ranging between 20-28% p.a
Axis LTEF is a 5 star rated mutual fund by CRICIL.
The risk factor is high for this mutual fund as it is a pure 100% equity fund but it generally hasn’t been in loss as there is a 3 years lock-in and the funds are invested in top 25 funds of the market by the fund manager.
If one needs a tax saver investment, then he can go with Axis Long Term Equity Fund as it is one of the best in industry in terms of its performance and returns.