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SCHEME INFORMATION DOCUMENT AXIS LONG TERM EQUITY FUND An Open ended equity linked savings Scheme with a 3-year locking Continuous offer for Units at NAV based prices This product is suitable for

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How to fill out an open-ended equity-linked savings

01

Step 1: Obtain the necessary documents for opening an open-ended equity-linked savings account.

02

Step 2: Fill out the application form with accurate personal information.

03

Step 3: Provide the required supporting documents such as identity proof, address proof, etc.

04

Step 4: Choose the investment amount and mode of investment (lump sum or systematic investment plan).

05

Step 5: Review the terms and conditions of the investment and understand the risks involved.

06

Step 6: Sign the application form and submit it along with the supporting documents to the designated financial institution.

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Step 7: Wait for the account to be activated and receive the account details.

08

Step 8: Start investing in the chosen open-ended equity-linked savings scheme.

Who needs an open-ended equity-linked savings?

01

Individuals who are looking for long-term investment options with potential for higher returns.

02

Those who are willing to accept the associated market risks.

03

People who want to save taxes through investments in eligible equity-linked savings schemes.

04

Individuals who have a certain financial goal in mind and are willing to stay invested for a considerable period of time.

05

Investors who prefer flexibility in terms of investment amount and timing.

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What is an open-ended equity-linked savings?

An open-ended equity-linked savings is a type of investment vehicle that allows individuals to invest in a diversified portfolio of equity securities with the option to redeem their investments at any time.

Who is required to file an open-ended equity-linked savings?

Individuals who choose to invest in an open-ended equity-linked savings are required to file the necessary documentation for tax purposes.

How to fill out an open-ended equity-linked savings?

To fill out an open-ended equity-linked savings, individuals must provide information about their investments, including the amount invested, the type of securities held, and any earnings or losses.

What is the purpose of an open-ended equity-linked savings?

The purpose of an open-ended equity-linked savings is to provide individuals with a tax-efficient way to invest in the stock market while allowing for flexibility in accessing their funds.

What information must be reported on an open-ended equity-linked savings?

Information that must be reported on an open-ended equity-linked savings includes the investor's name, the amount invested, the type of securities held, and any capital gains or losses.

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