About 60-70 per cent of the scheme’s portfolio consists of large-sized companies, while 20-30% is from the mid-cap basket, and the rest from the small-cap universe.
The deadline to show investment details for FY18, i.e. March 31, is approaching and several investors may be considering tax-saving schemes of mutual funds. For them, an equity-linked savings scheme (ELSS) may be a good option. Among ELSS schemes, which come with a three-year lock-in, Axis Long-term Equity Fund has been a decent performer. Jinesh Gopani, who has been managing the scheme for more than six years, focuses on good-quality companies. The fund manager takes into account key return ratios, such as return on capital employed and other parameters, which give a fair idea about the scalability of the businesses. About 60-70 per cent of the scheme’s portfolio consists of large-sized companies, while 20-30 per cent is from the midcap basket, and the rest from the smallcap universe. In the past six months, Gopani has invested in companies that are expected to report stable earnings growth in the coming quarters. These companies are spread across sectors. A few prominent companies that are part of the scheme’s portfolio include M&M, Divis Laboratories, Infosys and Gujarat Pipavav Port.
Should I sell the Axis Long Term Equity Fund?
