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: ₹ 49.5 as on 20-02-2024
Fund Performance
zero opening, trading, fund transfer fee
254 people have invested ₹ 10.8L 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 ₹33526 Cr worth of assets under management (AUM) as on Jan 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
0.8%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹33526 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-Jan-24)

  • Equity 97.9%

  • Debt & Cash 2.1%

Size breakup

Large cap
71.9%
Mid cap
24.8%
Small cap
1.2%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
23.6%
Consumer Cyclical
12.3%
Basic Materials
11.2%
Consumer Defensive
10.9%
Tech
10.6%
Health
9.6%
Industrial
7.5%
Communication
6.4%
Utilities
6.2%
Energy
1.6%

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

  • Equity

Equity Holdings49

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

All changes are between Nov'23 and Jan'24
Fund Performance
Jan'24
Dec'23
Nov'23
Fund Returns
-1.76%
5.17%
6.95%
Nifty 500
1.71%
7.25%
7.50%
  • This fund’s returns stands at -1.76% whereas the fund’s underlying benchmark Nifty 500 returns stands at 1.71% as on Jan'24
  • This fund underperformed Nifty 500 by 3.47% in Jan'24
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 33.5K Cr
₹ 34.3K Cr
₹ 33.1K Cr
  • AUM of the fund stands at 33.5K Cr as of Jan'24
  • AUM decreased by 773.4 Cr between Jan'24 and Dec'23
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 Jan

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 17.75% since inception which is more than its category average return of 15.83%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.86% in Equity, 0% in Debt and 2.14% in Cash related instruments
AUM size ₹33526 Cr

AUM size ₹33526 Cr

This fund has AUM of ₹33526 Cr which is more than its category average of ₹ 3382 Cr
Expense Ratio 0.8%

Expense Ratio 0.8%

This fund has an expense ratio of 0.8% 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 ₹49.47 as on 20-Feb-2024.
Existing (Absolute + CAGR) as on 20-Feb-2024.
Axis ELSS Tax Saver Fund Direct Pan Pyt of Inc Dis cum Cap Wdrl option
Absolute Returns
CAGR Returns
1 Month Returns
2.43%
2.43%
6 Month Returns
17.22%
17.22%
1 Year Returns
33.99%
33.99%
3 Years Returns
37.99%
11.33%
5 Years Returns
112.54%
16.28%
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0.8% as on January 2024
₹33526 Cr as on January 2024
Tata Consultancy Services Ltd(7.06%), Bajaj Finance Ltd(6.33%), Torrent Power Ltd(6.08%), Avenue Supermarts Ltd(5.55%), Nestle India Ltd(5.13%) as on January 2024
Financial Services(23.14%), Consumer Cyclical(12.08%), Basic Materials(10.94%) as on January 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
5.23
-6.89
-1.3
As on January 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
0.74
1.04
0.91
As on January 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
1.98
0.59
0.59
As on January 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
15.86
18.94
As on January 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 1.04 as on January 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%