Axis ELSS Tax Saver Fund Direct Growth

Axis ELSS Tax Saver Fund Direct Growth

Equity

Direct

Elss (Tax Savings)

NAV as on 04-12-2024

₹ 107.66

0.4%

1D

Inception Returns

18%

/yr

About Axis ELSS Tax Saver Fund Direct Growth

Axis Long Term Equity Fund Direct Plan is a special type of mutual fund that allows investors to invest in the equity market of India without any market capitalization restriction but also provides tax benefits.

It is an equity-linked savings scheme (ELSS) which means that an investor can claim tax benefits under Section 80C of the Income Tax Act, 1961 of up to Rs 1.5 lakh if invested in the fund. If you invest a maximum of Rs. 1.5 Lakh in this fund in a financial year, you can claim a maximum of Rs. 46,500* tax benefits.

It is a pure equity fund that invests primarily in equity shares of companies with a proven track record and strong earnings potential.

Investors can invest in the direct plan (low cost, zero commission) through either lumpsum or SIP mode. ELSS funds are a type of mutual fund which provide the benefit of capital generation through equity exposure as well as benefit of tax savings.

Key Parameters

  1. Axis ELSS Tax Saver Fund Direct Growth has ₹36533 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 0.8.

Returns

Axis ELSS Tax Saver Fund Direct Growth has given a CAGR return of 18.03% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 26.10%, 9.62% and 15.59% respectively.

Holdings

Axis ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Health, Industrial, Basic Materials, Tech, Consumer Defensive, Utilities, Communication, Real Estate, Energy. Its top holdings are HDFC Bank Ltd, Torrent Power Ltd, Bajaj Finance Ltd, ICICI Bank Ltd, Tata Consultancy Services Ltd

Taxation

As it is a elss (tax savings) mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Axis ELSS Tax Saver Fund Direct Growth

To generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Axis ELSS Tax Saver Fund Direct Growth of 3 Years

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
20161 people have invested ₹ 11.7Cr in Axis ELSS Tax Saver Fund Direct Growth in the last three months

INDmoney Rank for Axis ELSS Tax Saver Fund Direct Growth

Powered by IND quant engine
23
/23
16% Performance
20% Risk Management
54% Cost
23 out of 23 among elss (tax savings)
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Larger AUM within category
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3Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y
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Has not generated consistent returns
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Does not beat the benchmark consistently
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Highly volatile within category

Axis ELSS Tax Saver Fund Direct Growth Overview

Expense ratio0.79%
Benchmark
S&P BSE 200 India TR INR
AUM₹36533 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
28.91%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (04-Dec-24)

Period
Axis ELSS Tax Saver Fund Direct Growth
Nifty 500
elss (tax savings)
1M
2.7%
2.6%
2.7%
3M
-1.1%
-2.7%
-1.4%
6M
14.7%
13.7%
15.8%
1Y
26.1%
25.2%
28.2%
3Y
9.6%
15.9%
18.1%
5Y
15.6%
18.8%
20.3%

Fund Distribution

as on (31-Oct-24)

  • Equity 96%

  • Debt & Cash 4%

Large cap
65.7%

Mid cap
26.5%

Small cap
3.3%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
27.7%
Consumer Cyclical
14.4%
Industrial
9.7%
Health
9.3%
Consumer Defensive
8.4%
Tech
8%
Basic Materials
7.9%
Utilities
6.3%
Communication
5.1%
Energy
2.1%
Real Estate
1.1%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-6.33%
3.23%
1.46%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -6.33% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 0.19% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 39.3K Cr
₹ 39.3K Cr
₹ 38.4K Cr
  • AUM of the fund stands at 39.3K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
Varun Beverages Ltd's allocation increased from 0.33% to 0.46%
Varun Beverages Ltd's allocation increased from 0.33% to 0.46%
Top Stocks sold last month
Nestle India Ltd's allocation decreased from 5.71 % to 1.99 %
Nestle India Ltd's allocation decreased from 5.71 % to 1.99 %
Bajaj Finserv Ltd's allocation decreased from 5.26 % to 0.46 %
Bajaj Finserv Ltd's allocation decreased from 5.26 % to 0.46 %

Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial

Oct'24
Financial Services
28%
Consumer Cyclical
14%
Industrial
10%
Sep'24
Financial Services
28%
Consumer Cyclical
14%
Industrial
10%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
85
85
87
Top 5 Company Concentration
22.9%
22.9%
23.5%
Company having highest exposure
HDFC Bank Ltd (6.1%)
HDFC Bank Ltd (6.1%)
HDFC Bank Ltd (5.9%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
69.5%
69.5%
68.5%
Sector having highest exposure
Financial Services (27.7%)
Financial Services (27.7%)
Financial Services (27.2%)
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Shreyash Devalkar
Shreyash Devalkar
Fund Manager of Axis ELSS Tax Saver Fund Direct Growth, since 4 August 2023
Ashish Naik
Ashish Naik
Fund Manager of Axis ELSS Tax Saver Fund Direct Growth, since 3 August 2023
Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.35L Cr
as on 31-Oct-2024
Address
Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli,
Phone
+912243255161
Website
customerservice@axismf.com

Mutual Fund Insights

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This fund with AUM at ₹36533.13Cr is among the largest funds in the elss (tax savings) category.
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Over the last 1 month, this fund has experienced a 6.9% drop in AUM moving from 39.25K Cr to 36.53K Cr.
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This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.79% which is lower than the category average expense ratio of 1.29%.
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Over the last 15 months, this fund has increased expense ratio by 3.9% moving from 0.76 to 0.79.
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In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 54.58% return, outperforming this fund by 28.47%.
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In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 28.91% return, outperforming this fund by 19.29% per annum.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.36% return, outperforming this fund by 17.78% per annum.

Axis ELSS Tax Saver Fund Direct Growth 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 18.03% since inception which is more than its category average return of 16.08%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.01% in Equity, 0% in Debt and 3.99% in Cash related instruments
AUM size ₹36533 Cr

AUM size ₹36533 Cr

This fund has AUM of ₹36533 Cr which is more than its category average of ₹ 3983 Cr
Expense Ratio 0.79%

Expense Ratio 0.79%

This fund has an expense ratio of 0.79% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions for Axis ELSS Tax Saver Fund Direct Growth

The current NAV of Axis ELSS Tax Saver Fund Direct Growth is ₹107.66 as on 04-Dec-2024.
Existing (Absolute + CAGR) as on 04-Dec-2024.
Axis ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.71%
2.71%
6 Month Returns
14.71%
14.71%
1 Year Returns
26.1%
26.1%
3 Years Returns
31.71%
9.62%
5 Years Returns
106.33%
15.59%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.79% as on November 2024
₹36533 Cr as on November 2024
HDFC Bank Ltd(6.8%), Torrent Power Ltd(5.15%), Bajaj Finance Ltd(4.19%), ICICI Bank Ltd(4.12%), Tata Consultancy Services Ltd(3.61%) as on November 2024
Financial Services(28.38%), Consumer Cyclical(13.32%), Health(9.74%) as on November 2024
The alpha ratio for the Axis ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Axis ELSS Tax Saver Fund Direct Growth
0.6
-6.94
-2.94
As on November 2024
The alpha for Axis ELSS Tax Saver Fund Direct Growth 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 Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Axis ELSS Tax Saver Fund Direct Growth
0.86
1.03
0.93
As on November 2024
The Beta for Axis ELSS Tax Saver Fund Direct Growth 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 Growth 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 Growth
1.27
0.26
0.56
As on November 2024
The sharpe ratio for Axis ELSS Tax Saver Fund Direct Growth 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 Growth 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 Growth
12.91
15.68
19.11
As on November 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 0.41 as on November 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 Growth
The Exit load of Axis ELSS Tax Saver Fund Direct Growth is 0%