Axis ELSS Tax Saver Fund Direct Plan Growth Option

Axis ELSS Tax Saver Fund Direct Plan Growth Option

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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 96.97 as on 28-05-2024

About the Fund

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 Plan Growth Option has ₹35642 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
  2. The fund has an expense ratio 0.8.
Fund Performance
zero opening, trading, fund transfer fee
21262 people have invested ₹ 11.3Cr in Axis ELSS Tax Saver Fund Direct Plan Growth Option in the last three months

Overview

Expense ratio
Expense ratio
0.76%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹35642 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 Plan Growth Option Distribution as on (30-Apr-24)

  • Equity 95.1%

  • Debt & Cash 4.9%

Size breakup

Large cap
66%
Mid cap
27.7%
Small cap
1.4%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
24.6%
Consumer Cyclical
13.6%
Basic Materials
10.2%
Consumer Defensive
9.7%
Health
8.8%
Industrial
8.5%
Tech
8.2%
Utilities
8.1%
Communication
5.8%
Energy
2.4%

Top Holdings of Axis ELSS Tax Saver Fund Direct Plan Growth Option as on (30-Apr-24)

  • Equity

Equity Holdings57

Gainers & Losers Returns for the month of Apr

Top Growth Drivers
1M Return
Divis Laboratories Ltd
Divis Laboratories Ltd
3.3%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
1.69%
5.26%
2.63%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 1.69% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund underperformed Nifty 500 by 0.78% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 35.6K Cr
₹ 35.5K Cr
₹ 34K Cr
  • AUM of the fund stands at 35.6K Cr as of Apr'24
  • AUM increased by 168.1 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

Insights icon
In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 62.89% return, outperforming this fund by 33.67%.
Insights icon
In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 29.2% return, outperforming this fund by 17.63% per annum.
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This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.76% which is lower than the category average expense ratio of 1.29%.
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Over the last 1 year, this fund has decreased expense ratio by 10.6% moving from 0.85 to 0.76.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.87% return, outperforming this fund by 19.06% per annum.

INDmoney Rank

Powered by IND quant engine
22
/23
33% Performance
22% Risk Management
59% Cost
22 out of 23 among elss (tax savings)

Pros

Larger AUM within category
Beats FD returns for both 3Y & 5Y

Cons

Has not generated consistent returns
Does not beat the benchmark consistently
Highly volatile within category

Fund Manager

Ashish Naik
Ashish Naik
Fund Manager of Axis ELSS Tax Saver Fund Direct Plan Growth Option, since 3 August 2023
Shreyash Devalkar
Shreyash Devalkar
Fund Manager of Axis ELSS Tax Saver Fund Direct Plan Growth Option, since 4 August 2023

Axis ELSS Tax Saver Fund Direct Plan Growth 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 17.88% since inception which is more than its category average return of 16.01%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.14% in Equity, 0% in Debt and 4.86% in Cash related instruments
AUM size ₹35642 Cr

AUM size ₹35642 Cr

This fund has AUM of ₹35642 Cr which is more than its category average of ₹ 3661 Cr
Expense Ratio 0.76%

Expense Ratio 0.76%

This fund has an expense ratio of 0.76% 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 Plan Growth Option is ₹96.97 as on 28-May-2024.
Existing (Absolute + CAGR) as on 28-May-2024.
Axis ELSS Tax Saver Fund Direct Plan Growth Option
Absolute Returns
CAGR Returns
1 Month Returns
1.81%
1.81%
6 Month Returns
18.41%
18.41%
1 Year Returns
29.23%
29.23%
3 Years Returns
38.9%
11.58%
5 Years Returns
99.49%
14.81%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.76% as on April 2024
₹35642 Cr as on April 2024
Torrent Power Ltd(7.14%), Tata Consultancy Services Ltd(5.86%), Avenue Supermarts Ltd(5.7%), Bajaj Finance Ltd(5.08%), HDFC Bank Ltd(4.7%) as on April 2024
Financial Services(23.45%), Consumer Cyclical(12.95%), Basic Materials(9.66%) as on April 2024
The alpha ratio for the Axis ELSS Tax Saver Fund Direct Plan Growth Option for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Axis ELSS Tax Saver Fund Direct Plan Growth Option
3.51
-6.8
-1.52
As on April 2024
The alpha for Axis ELSS Tax Saver Fund Direct Plan Growth 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 Plan Growth Option for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Axis ELSS Tax Saver Fund Direct Plan Growth Option
0.72
1.04
0.92
As on April 2024
The Beta for Axis ELSS Tax Saver Fund Direct Plan Growth 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 Plan Growth 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 Plan Growth Option
2.23
0.51
0.57
As on April 2024
The sharpe ratio for Axis ELSS Tax Saver Fund Direct Plan Growth 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 Plan Growth 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 Plan Growth Option
10.35
15.56
18.93
As on April 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 0.88 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Ashish Naik, Shreyash Devalkar are the fund managers of Axis ELSS Tax Saver Fund Direct Plan Growth Option
The Exit load of Axis ELSS Tax Saver Fund Direct Plan Growth Option is 0%