Is Axis Bluechip ELSS?

Is ELSS still tax free?

ELSS allows Indian citizens to reduce their taxable income by Rs.

1,50,000 under Section 80C.

The funds invested in ELSS schemes are exempted from taxation, but if the returns on investment are greater than Rs.

1 lakh, they are charged tax at 10% under LTCG..

Is ELSS taxable after 3 years?

The Long-Term Capital Gains on ELSS are tax-exempt up to Rs 1 lakh, and dividend received is tax-free in the hands of investors. You can continue to invest in this scheme even after the completion of the lock-in period of three years.

Is Axis Bluechip fund open ended?

Axis Bluechip Fund is an open-ended equity scheme predominantly investing in large cap stocks. … However, there can be no assurance that an investor’s investment objective will be achieved through this scheme.

Which Bluechip fund is best?

Top 10 Large Cap Mutual FundsFund NameCategory1Y ReturnsAxis Bluechip FundEquity-1.0%Mirae Asset Large Cap FundEquity1.6%Canara Robeco Bluechip Equity FundEquity7.4%Kotak Bluechip FundEquity2.9%12 more rows

Is ELSS tax free?

Equity Linked Saving Schemes or ELSSs will not offer tax-free returns anymore. … ELSS or tax saving mutual funds qualify for tax deduction under Section 80C of the Income Tax Act. One can invest in ELSSs and claim a maximum tax deduction of up to Rs 1.5 lakh in a financial year.

Is Axis Bluechip Fund a good investment?

The Axis Bluechip fund is one of the best performing funds in the large-cap category. It has surmounted its competitors and has steadily given high returns over time. It is even regarded as number one in the large-cap category by analysts.

How is Axis Blue Chip Fund?

In the past five-year and ten-year periods, the scheme has given 6.5% and 9.6% returns, respectively, while its peers have given average returns of 1.6 % and 6.3%, respectively, over the same periods. More than 95% of the scheme’s portfolio is invested in blue-chip and large-cap companies.

Which Axis Mutual Fund is best?

Top 10 Axis Mutual FundsFund NameCategoryRiskAxis Bluechip FundEquityModerately HighAxis Long Term Equity FundEquityModerately HighAxis Midcap FundEquityModerately HighAxis Focused 25 FundEquityModerately High12 more rows

Is ELSS better than PPF?

PPF is suited for individuals who are absolutely risk-averse and can afford a 15-year lock-in period. Whereas those investors who are willing to take a moderate risk to earn higher returns can opt for ELSS. The best way to reduce risk in ELSS to its minimum is by staying invested for the long term.

Which SIP is best for 1 year?

Top 10 Best SIP plans for 1 year-InvestmentReturns in 3 MonthsReturns in 1 YearAditya Birla Sun Life Savings Fund0.9%7.3%ICICI Prudential Ultra Short Term Fund1.2%7.7%India Bulls Ultra Short Term Fund1.2%6.8%Kotak Savings Fund1.1%6.9%6 more rows

Which bank SIP is best?

Best SIP Investment Plans in IndiaSIP PlansType3 YearICICI Prudential Equity & Debt FundEquity Fund11.11%ICICI Prudential Value DiscoveryEquity Fund7.34%Kotak Standard Multicap FundEquity Fund-1.28%L&T India Prudence FundBalanced Fund10.03%27 more rows•Jul 12, 2020

Is SIP safe?

SIP is a very safe method to invest in mutual funds. If you invest in a mutual fund lump sum, depending on the market condition, you could end up paying a very high price for a mutual fund. … You do not need to worry about timing the market when investing via SIP. In SIP, you invest a small amount of money every month.

Is Axis Long Term Equity Fund ELSS?

Axis Long Term Equity Fund is an Equity Linked Saving Scheme (ELSS) or tax saving scheme. Investments in an ELSS help you to save taxes of up to Rs 1.5 lakh in a financial year under Section 80C of the Income Tax Act. These schemes come with a mandatory lock-in period of three years.

Is SIP better than FD?

Fixed deposit is the best investment option for conservative investors only. … On the other hand, returns cannot be guaranteed in a systematic investment plan or an SIP. There is no doubt in the fact that an SIP provides higher returns in comparison to fixed deposits but there is no guarantee of returns in an SIP.

Is Axis Bluechip fund under 80c?

Axis Long Term Equity Fund Consider that Axis Mutual Fund can help you save tax up to Rs. 47,668 per year by investing up to Rs. … 47,668 under section 80C of the Income Tax Act, 1961. Well suited for an investment horizon of at least 3-5 years and more.