In this second video of the three part series, on Best ELSS 2018, we cover Axis Long Term Equity Fund
Edited Highlights
0:21 This is the second video of the three part series, on Best ELSS 2018
0:28 Remember, ELSS are tax saving mutual funds that provide annual tax deductions of Rs 1.5 lakh. This video will discuss Axis Long Term Equity Fund
2:07 This ELSS has a large fund size. While this is no indicator of future performance, it does indicate a certain level of investor confidence
2:17 It has assets under management of Rs 15,408 crore
2:24 It started with the name of Axis Tax Saver in 2009 and he been doing well since inception
2:37 This fund looks at individual stocks, picks them on their merit and their fundamentals
2:42 It stays away from investing in sectors which are "hot" at the moment
3:13 Over a 5 year period, it has been the second best performer among ELSS and the annual return has been 22.99%
