Expense ratio, exit load and tax
Expense ratio: 0.16%
Inclusive of GST
Exit load
Exit load of 0.25%, if redeemed within 15 days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Fund management
Education
Mr. Relekar is an MMS(Finance) from Jamnalal Bajaj Institute of Management Studies Mumbai and B.E (Mechanical) from K.E.S. College of Engineering Islampur.
Experience
Prior to joining Axis Mutual Fund, he has worked with Bandhan Mutual Fund (formerly IDFC Mutual Fund), LIC Mutual Fund, Tata AMC, CD Equity Search, Innovision Consulting and Tech Pacific India.
Managed Schemes
Bandhan Flexi Cap Fund Direct Growth
Bandhan Infrastructure Fund Direct Plan Growth
Bandhan Equity Savings Fund Direct Growth
Bandhan Large Cap Fund Direct Growth
Bandhan Asset Allocation Aggressive Direct Plan Growth
Bandhan Asset Allocation Conservative Direct Growth
Bandhan Asset Allocation Moderate Direct Growth
LIC MF Unit Linked Insurance Scheme Direct IDCW
LIC MF Large Cap Fund Direct Growth
LIC MF ELSS Tax Saver Direct Growth
LIC MF Infrastructure Fund Direct Growth
Axis Focused Direct Plan Growth
Bandhan Balanced Advantage Fund Direct Growth
LIC MF Large & Mid Cap Fund Direct Growth
LIC MF Dual Advantage Fixed Term Plan Series I Direct Growth
LIC MF Dual Advantage Fixed Term Plan Series 2 Direct Growth
LIC MF Dual Advantage Fixed Term Plan Series 3 Direct Growth
Axis Flexi Cap Fund Direct Growth
IDFC Equity Opportunity Series 4 Direct Growth
Axis Nifty Next 50 Index Fund Direct Growth
Bandhan Midcap Fund Direct Growth
Education
Mr. Kumar has done M.B.A, C.F.A, (USA) & B.E (Mechanical)
Experience
Prior to joining Axis Mutual Fund he has worked with SilverTree Hong Kong and Asiya Investment, Hong Kong
Managed Schemes
Axis Arbitrage Fund Direct Growth
Axis Nifty 100 Index Fund Direct Growth
Axis Income Advantage FoF Direct Growth
Axis Nifty 50 Index Fund Direct Growth
Axis Nifty Next 50 Index Fund Direct Growth
Axis Equity ETFs FoF Direct Growth
Axis Nifty Smallcap 50 Index Fund Direct Growth
Axis Nifty Midcap 50 Index Fund Direct Growth
Axis Nifty IT Index Fund Direct Growth
Axis BSE Sensex Index Fund Direct Growth
Axis Nifty Bank Index Fund Direct Growth
Axis Nifty 500 Index Fund Direct Growth
Axis Nifty500 Value 50 Index Fund DirectGrowth