Future Value: ₹7,40,042 at 13% for 10 years. Wealth gained: ₹3,80,042.
| Year | Invested | Returns | Total Value |
|---|
A monthly SIP of ₹3,000 in Axis MF ELSS funds at 13% for 10 years grows to ₹7,40,042. Total amount invested: ₹3,60,000, wealth gained: ₹3,80,042. Popular schemes: Axis Long Term Equity Fund.
At 13% expected return for 10 years, ₹3,000/month SIP in Axis MF ELSS funds grows to approximately ₹7,40,042. Total invested: ₹3,60,000, Wealth gained: ₹3,80,042.
Axis MF ELSS funds offer expected returns of 10 - 17% p.a. with high risk. Popular schemes include Axis Long Term Equity Fund. Compare with other fund houses on this page.
Axis MF ELSS funds have an expense ratio of 0.98 - 1.65%. Lower expense ratios mean more of your returns stay with you. Exit load: Nil (3-year lock-in).
Yes, most Axis MF fund schemes allow you to increase (top-up) your SIP amount. You can also start an additional SIP in the same or different scheme. Consider step-up SIP for automatic annual increases.
For equity-oriented funds, staying invested for 7-10+ years is recommended to benefit from compounding and average out market volatility.