Quick Answer: Is Axis Blue Chip Fund Tax Saver?

Is Axis Bluechip fund ELSS?

Axis Bluechip Fund Growth – Latest NAV ₹35.13, Returns, Performance & PortfolioInvest in Axis Bluechip Fund Growth – Latest NAV ₹35.13.

Track scheme performance, AUM, historical returns, fund ratings, minimum SIP amount, fund manager etc….Fund Summary.PeriodReturns(per year)3 Years12.66%1 Year11.14%6 Months32.92%2 more rows.

Which is the best tax saver fund?

Top 10 Elss Mutual FundsFund NameCategoryRatingAxis Long Term Equity FundEquity4starInvesco India Tax PlanEquity4starKotak Tax Saver FundEquity4starJM Tax Gain FundEquity4star12 more rows

Which mutual fund is best?

Here is the list of top 10 schemes:ICICI Prudential Equity & Debt Fund.Mirae Asset Hybrid Equity Fund.Axis Bluechip Fund.ICICI Prudential Bluechip Fund.L&T Midcap Fund.DSP Midcap Fund.L&T Emerging Businesses Fund.HDFC Small Cap Fund.More items…•

Which is better sip or PPF?

SIP investment in mutual funds are ideal for all, short term, medium term and long term goals. They are ideal for wealth creation and fulfilment of goals. A PPF is ideally suitable for only long term investments of 15 years or more. … SIP investment in mutual funds do not have a defined lock-in period.

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.

Which Blue Chip Fund is best?

Top 10 Large Cap Mutual FundsFund NameCategory1Y ReturnsAxis Bluechip FundEquity9.3%Canara Robeco Bluechip Equity FundEquity14.3%Invesco India Largecap FundEquity7.5%Mirae Asset Large Cap FundEquity6.4%12 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.

How much should I invest in ELSS to save tax?

Investments in an ELSS or Equity Linked Saving Scheme qualify for tax deductions under Section 80C of the Income Tax Act. You can invest up to Rs 1.5 lakh in a financial year in a tax saving mutual fund scheme and claim tax deductions on your investments.

Is ELSS taxable after 3 years?

Shortest lock-in: ELSS has the shortest lock-in of all 80C investments – of just three years. … 1 lakh a year from ELSS mutual funds are exempt from income tax and long-term capital gains above Rs. 1 lakh are taxed at 10%.

Is Axis Bluechip Fund a good investment?

The Axis Bluechip Fund aims to outperform the benchmark with risk lower than the benchmark. Axis Bluechip Fund holds asset class benefits. Equity as an asset class holds the potential to beat inflation and generate long term wealth.

Is Axis Long Term Equity Fund a tax saver?

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.

Which is best Axis Mutual Fund?

Top 10 Axis Mutual FundsFund NameCategoryRatingAxis Bluechip FundEquity5starAxis Long Term Equity FundEquity4starAxis Midcap FundEquity5starAxis Focused 25 FundEquity5star12 more rows

Which mutual fund is tax free?

Equity-linked savings schemes (ELSS) are diversified equity mutual funds with two differentiating features – one, investment amount in them qualifies for tax benefit under Section 80C of the Income Tax Act, 1961, up to a limit of Rs 1.5 lakh a year and secondly, the amount invested has a lock-in period of 3 years.

What is Axis Blue Chip Fund?

blue chip mutual funds invest predominantly in large companies. … The Axis Bluechip Fund aims to outperform the benchmark with risk lower than the benchmark. Asset Class benefit: Equity as an asset class holds potential to beat inflation and generate long term wealth.

How can I invest in Axis Blue Chip Fund?

Axis Bluechip Fund is available for investors in two types of schemes – Growth & Dividend….In order to start investing in a bluechip fund, an investor needs the following:PAN Card.Bank Account.KYC (Know Your Client)