Which is better, Axis Flexicap Direct-Growth Fund or Axis Long Term Equity Fund?
Answer 
Both the schemes are from different categories and therefore are not comparable with each other. Axis Flexi Cap Fund belongs to the newly-introduced Flexi Cap category while Axis Long Term Equity Fund is a tax saving mutual fund scheme wherein the investors get benefits of tax deduction of up Rs1.5 Lakh u/s 80C.
However, there is a statutory lock-in of 3 years in the case of tax savings schemes. Thus those investors who have room for investment u/s 80C can prefer Axis Long Term Equity Fund while others can go for Axis Flexi Cap Fund.
However, it is very important for the investors to undergo a comprehensive risk profiling exercise and invest according to their risk appetite, investment horizon and long-term realistic financial goals of life as the risk grade of both the mentioned schemes is "Very High".
Both the schemes are from different categories and therefore are not comparable with each other. Axis Flexi Cap Fund belongs to the newly-introduced Flexi Cap category while Axis Long Term Equity Fund is a tax saving mutual fund scheme wherein the investors get benefits of tax deduction of up Rs1.5 Lakh u/s 80C.
However, there is a statutory lock-in of 3 years in the case of tax savings schemes. Thus those investors who have room for investment u/s 80C can prefer Axis Long Term Equity Fund while others can go for Axis Flexi Cap Fund.
However, it is very important for the investors to undergo a comprehensive risk profiling exercise and invest according to their risk appetite, investment horizon and long-term realistic financial goals of life as the risk grade of both the mentioned schemes is "Very High".