Axis Triple Advantage Fund - Growth Option

Axis Triple Advantage fund is a balanced fund. This fund is managed by Sudhanshu Asthana.

Where does Axis Triple Advantage fund invest your money?

Axis Triple Advantage is a balanced fund which invests your money in three asset categories- equity, debt and gold. It has more than 65% exposure to debt and gold put together. Its equity portion is predominantly exposed to large cap stocks. Large cap companies tend to be stable compared to mid cap and small cap companies. 30% of the fund’s portfolio is allocated to gold ETF.

Suitable for what?

The following needs if occurring between 3 and 5 years:

  • Child's Education
  • Marriage
  • Home Purchase
Not suitable for?
  • Long term needs
  • Creation of wealth
How has Axis Triple Advantage performed in the past?

If you had invested Rs 1 lakh when the fund was launched at Aug 2010, your value of investments today would be around Rs 1.1 lakhs. The performance has not been better or similar to other debt oriented hybrid mutual funds. The fund has been giving at around 7% every year for those who stayed invested since its inception.

Assume you had invested Rs 10,000 every month in Axis Triple Advantage fund through SIP since Aug 2010, today you would have around Rs 2.1 lakhs.

How will Axis Triple Advantage perform in the future?

Generally equity and debt performance shares inverse relationship except in times of market turbulence. Gold tends to do well when the other assets are falling. Needless to say no one can predict the future of markets. Debt funds are expected to give slightly higher returns than Fixed Deposits. If the Indian economy grows at 8% then the leading companies tend to do well. We have firm belief in the future prospects of the Indian economy. When the companies do well their stock prices follow their performance. 

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What charges apply?

A onetime fee of Rs 100 is charged on investments over Rs 10,000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

If units are sold within 2 years an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post that. Expense ratio of Axis Triple Advantage is 2.61%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns would be total returns less expense ratio.

What are the tax implications?

Debt oriented hybrid funds attract tax at the marginal tax slab if units are withdrawn before 1 year of investing. If held for more than a year they are more tax-efficient than FDs since they are taxed at the rate of 10.3% when non-indexed or 20.6% if opting for indexation. Interest on FD is taxed at the marginal tax slab. Axis Triple Advantage does not qualify for sec 80C ELSS benefits.

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