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: ₹ 95.25 as on 16-04-2024
Fund Performance
zero opening, trading, fund transfer fee
22507 people have invested ₹ 12.9Cr in Axis ELSS Tax Saver Fund Direct Plan Growth Option in the last three months

Mutual Fund Insights

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Over the last 6 months, this fund has experienced a 11.2% growth in AUM moving from 31.88K Cr to 35.47K Cr.
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Over the last 1 month, this fund has increased expense ratio by 1.3% moving from 0.77 to 0.78.
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In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.91% return, outperforming this fund by 20.11% per annum.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.3% return, outperforming this fund by 18.58% per annum.
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In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 61.86% return, outperforming this fund by 25.78%.
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This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.78% which is lower than the category average expense ratio of 1.3%.

INDmoney Rank of Axis ELSS Tax Saver Fund Direct Plan Growth Option

Powered by IND quant engine
22
/23
41% Performance
23% 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

About the Axis ELSS Tax Saver Fund Direct Plan Growth Option

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 ₹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 Plan Growth Option Overview

Expense ratio
Expense ratio
0.78%
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 Plan Growth 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 Plan Growth Option as on (31-Mar-24)

  • Equity

Equity Holdings57

Axis ELSS Tax Saver Fund Direct Plan Growth 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%
-1.05%
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 5.73% 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 Plan Growth Option portfolio Returns for the month of Mar

Axis ELSS Tax Saver Fund Direct Plan Growth Option Fund Manager

Shreyash Devalkar
Shreyash Devalkar
Fund Manager of Axis ELSS Tax Saver Fund Direct Plan Growth Option, since 4 August 2023
Ashish Naik
Ashish Naik
Fund Manager of Axis ELSS Tax Saver Fund Direct Plan Growth Option, since 3 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 17.85% 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 0.78%

Expense Ratio 0.78%

This fund has an expense ratio of 0.78% 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 ₹95.25 as on 16-Apr-2024.
Existing (Absolute + CAGR) as on 16-Apr-2024.
Axis ELSS Tax Saver Fund Direct Plan Growth Option
Absolute Returns
CAGR Returns
1 Month Returns
5.64%
5.64%
6 Month Returns
16.98%
16.98%
1 Year Returns
36.07%
36.07%
3 Years Returns
43.51%
12.8%
5 Years Returns
98.67%
14.72%
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.
0.78% 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 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
6.1
-6.04
-0.87
As on March 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
0.78
1.04
0.92
As on March 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
2.53
0.5
0.57
As on March 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
11.06
15.56
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 0.87 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 Plan Growth Option
The Exit load of Axis ELSS Tax Saver Fund Direct Plan Growth Option is 0%