Holding (in %) as on September 30, 2019
(Source: ACE MF)<\/p>\n\n\n\n

Axis Long Term Equity Fund held a compact portfolio of 33 stocks as on September 30, 2019. The top 10 stocks constitute a major 65.2% of the total holdings and are mainly concentrated towards banking and finance. Bajaj Finance has the highest allocation of 9.5%, closely followed by Kotak Mahindra Bank at 8.8%, HDFC Bank at 7.7% and Pidilite Industries at 7.5%. Rest of the stocks in the top 10 holding have allocation in the range of 4-7%.<\/p>\n\n\n\n

In terms of sector wise holdings, the fund has the highest exposure to Finance at 23.3% and Banks at 19.1%. This is followed by Infotech (12.9%), Chemicals (7.5%) and Retail (6.7%). Consumption, Engineering, Power, Auto ancillaries and Media & entertainment are the other prominent sectors in the portfolio.<\/p>\n\n\n\n

Top contributors<\/strong><\/p>\n\n\n\n

Among the stocks in the portfolio, Bajaj Fiannce contributed the most to the fund’s return in the last one year with a weighted return of 4.3%. Kotak Mahindra Bank, Pidilite Industries, HDFC Bank, Avenue Supermarts and Info Edge (India) were the other top contributors to the portfolio gains. These stocks are the part of the fund’s top 10 holdings.<\/p>\n\n\n\n

On the other hand stocks like Motherson Sumi Systems, Eicher Motors, Gruh Finance, Bandhan Bank and Tata Consultancy Services eroded some of its gains in the last one year.<\/p>\n\n\n\n

Suitability of Axis Long Term Equity Fund<\/strong><\/p>\n\n\n\n

Axis Long Term Equity Fund allocates majority of its portfolio in selected stocks diversified across market capitalisation and sectors. Its compact portfolio style allows the fund manager to take high conviction bets on stocks having potential to generate higher returns. However, the concentrated portfolio may lead to high volatility, if any of the selected stocks come under pressure. As ELSS come with a lock-in period, investors do not have an exit option in case the scheme underperforms during that period. Such funds are suitable only for aggressive investors having moderately high risk appetite, along with an investment horizon of 5 years or more.<\/p>\n\n\n\n

Note: <\/strong>This write up is for information purpose and does not constitute any kind of investment advice or a recommendation to Buy \/ Hold \/ Sell a fund. Returns mentioned herein are in no way a guarantee or promise of future returns. As an investor, you need to pick the right fund to meet your financial goals. If you are not sure about your risk appetite, do consult your investment consultant\/advisor. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.<\/em><\/p>\n\n\n\n