Thursday, May 19, 2016

Invest in Mutual Funds online with suggested asset allocation! Axis long term Equity fund

Mutual Funds Investment redefined! 

Looking at the funds that has potential to outperform in future and not just looking at the past performance. We use Elliott wave theory to understand Mutual Funds possible outcome.

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Axis Long Term Equity Fund – Growth Daily Chart 

Axis Long Term Equity Fund –Growth is an open ended Equity Linked Saving Scheme [ELSS] which has a lock in period for 3 years.

Taxation: This fund aims for “SHARE LESS SAVE MORE”. This fund helps the investors to get tax rebates under section 80 C of Income Tax Act.

Portfolio Analysis: The major holdings of this fund are into Banking and Automotive sectors. Below is the table shown of Sectorial allocation of this fund.


Returns: In past the fund has provided with following returns.

Returns as on 10th May, 2016
Returns (%)
1 year
3 year
5 year

Risk: This fund has concentrated exposure to sectors and so the risk is high. Also we are seeing loss of momentum on upside which is a caution sign. Fresh investments should be done in form of SIP only with time horizon of three years or more.

Technical Perspective: As shown in daily chart for this fund NAV gave triangle breakout in 2014 thereby completing intermediate wave [IV] near 13.97 levels and post that we can witness next wave on upside in the form of intermediate wave [V]. The first leg of this wave [V] is complete and we can now expect sideways to negative movement for few months before the next leg resumes on upside.

Investment rationale: Axis Long Term Equity ELSS scheme can move in sideways to negative action over near term. Faster move above 32.50 will indicate that next bull trend in this fund has started which will create wealth for investors. On downside 25-26 will continue to act as important zone.

Waves MF Advisors provide unbiased select basket of Mutual Funds that have potential to outperform within the given risk parameter. For investments into Mutual Funds with online portfolio and research contact us at or call us on +91 22 28834540 / +9920922639 or visit

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