Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option

Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option

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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 52.13 as on 18-04-2024
Fund Performance
zero opening, trading, fund transfer fee
208 people have invested ₹ 11.6L in Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option in the last three months

About the Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option

Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Shreyash Devalkar, Ashish Naik. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option has ₹35474 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
  2. The fund has an expense ratio 0.8.

Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option Overview

Expense ratio
Expense ratio
0.75%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹35474 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
16.89%

Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option Distribution as on (31-Mar-24)

  • Equity 96.3%

  • Debt & Cash 3.7%

Size breakup

Large cap
71.1%
Mid cap
24.4%
Small cap
0.8%
Sector Allocation

Mar'24

Feb'24

Jan'24

Financial Services
25.6%
Consumer Cyclical
13.3%
Basic Materials
10.6%
Consumer Defensive
9.8%
Tech
8.9%
Industrial
8.6%
Health
8.5%
Utilities
7.4%
Communication
5.1%
Energy
2.2%

Top Holdings of Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option as on (31-Mar-24)

  • Equity

Equity Holdings57

Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option: Monthly Changes Updates

All changes are between Jan'24 and Mar'24
Fund Performance
Mar'24
Feb'24
Jan'24
Fund Returns
5.26%
2.63%
-1.76%
Nifty 500
-0.47%
1.58%
1.71%
  • This fund’s returns stands at 5.26% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
  • This fund outperformed Nifty 500 by 5.72% in Mar'24
AUM Change
Parameters
Mar'24
Feb'24
Jan'24
AUM
₹ 35.5K Cr
₹ 34K Cr
₹ 33.5K Cr
  • AUM of the fund stands at 35.5K Cr as of Mar'24
  • AUM increased by 1.4K Cr between Mar'24 and Feb'24
Fund Portfolio Changes

Gainers & Losers in Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option portfolio Returns for the month of Mar

Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option Fund Manager

Shreyash Devalkar
Shreyash Devalkar
Fund Manager of Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option, since 4 August 2023
Ashish Naik
Ashish Naik
Fund Manager of Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option, since 3 August 2023

Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 18.02% since inception which is more than its category average return of 15.54%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.28% in Equity, 0% in Debt and 3.72% in Cash related instruments
AUM size ₹35474 Cr

AUM size ₹35474 Cr

This fund has AUM of ₹35474 Cr which is more than its category average of ₹ 3525 Cr
Expense Ratio 0.75%

Expense Ratio 0.75%

This fund has an expense ratio of 0.75% which is less than its category average expense ratio of 1.48%

Frequently Asked Questions

The current NAV of Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option is ₹52.13 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option
Absolute Returns
CAGR Returns
1 Month Returns
5.64%
5.64%
6 Month Returns
16.14%
16.14%
1 Year Returns
35.09%
35.09%
3 Years Returns
48.55%
14.1%
5 Years Returns
103.74%
15.3%
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0.75% as on March 2024
₹35474 Cr as on March 2024
Torrent Power Ltd(6.62%), Bajaj Finance Ltd(6.21%), Tata Consultancy Services Ltd(5.97%), Avenue Supermarts Ltd(5.69%), HDFC Bank Ltd(4.5%) as on March 2024
Financial Services(24.68%), Consumer Cyclical(12.79%), Basic Materials(10.24%) as on March 2024
The alpha ratio for the Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option
5.24
-4.7
-0.33
As on March 2024
The alpha for Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option
0.78
1.03
0.92
As on March 2024
The Beta for Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option
2.4
0.57
0.6
As on March 2024
The sharpe ratio for Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option
11.35
15.58
18.93
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.99 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Shreyash Devalkar, Ashish Naik are the fund managers of Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option
The Exit load of Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option is 0%