Axis ELSS Tax Saver Fund Direct Growth

Axis ELSS Tax Saver Fund Direct Growth

NAV as on 27-03-2025

₹ 101.99

-0.6%

1D

Inception Returns

17%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
17803 people have invested ₹ 6.5Cr in Axis ELSS Tax Saver Fund Direct Growth in the last three months

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 ₹32174 Cr worth of assets under management (AUM) as on Feb 2025 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 16.98% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.46%, 10.94% and 19.16% respectively.

Holdings

Axis ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Health, Industrial, Tech, Basic Materials, Communication, Consumer Defensive, Utilities, Real Estate, Energy. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Bajaj Finance Ltd, Bharti Airtel 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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

Axis ELSS Tax Saver Fund Direct Growth Overview

Expense ratio0.84%
Benchmark
S&P BSE 200 India TR INR
AUM₹32174 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

INDmoney Rank for Axis ELSS Tax Saver Fund Direct Growth

Powered by IND quant engine
22
/23
25% Performance
34% Risk Management
51% Cost
22 out of 23 among elss (tax savings)
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Larger AUM within 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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Higher probablity of downside risk

Trailing Returns

as on (27-Mar-25)

Period
Axis ELSS Tax Saver Fund Direct Growth
Nifty 500
elss (tax savings)
1M
4.3%
5.4%
2.9%
3M
-3.3%
-4.6%
-7.7%
6M
-10.7%
-12.6%
-13.7%
1Y
8.5%
6.6%
7%
3Y
10.9%
13.5%
14.9%
5Y
19.2%
25%
25.3%

Fund Distribution

as on (28-Feb-25)

  • Equity 94.9%

  • Debt & Cash 5.1%

Large cap
71.6%

Mid cap
20.5%

Small cap
2.9%

Sector Allocation

Feb'25

Jan'25

Dec'24

Financial Services
31.2%
Consumer Cyclical
14.5%
Health
10.8%
Industrial
9.3%
Tech
9.3%
Basic Materials
7.8%
Communication
5.9%
Consumer Defensive
5.4%
Utilities
3.4%
Real Estate
1.3%
Energy
1.2%
All changes are between Dec'24 and Feb'25
Dec'24
Fund Returns
-0.36%
Nifty 500
-2.02%
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 32.2K Cr
₹ 34.5K Cr
₹ 36K Cr
  • AUM of the fund stands at 32.2K Cr as of Feb'25
  • AUM decreased by 2.3K Cr between Feb'25 and Jan'25
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 7.22% to 7.9%
HDFC Bank Ltd's allocation increased from 7.22% to 7.9%
Cholamandalam Investment and Finance Co Ltd's allocation increased from 1.89% to 2.21%
Cholamandalam Investment and Finance Co Ltd's allocation increased from 1.89% to 2.21%
Bajaj Finance Ltd's allocation increased from 4.55% to 4.82%
Bajaj Finance Ltd's allocation increased from 4.55% to 4.82%
Top Stocks sold last month
Tata Consultancy Services Ltd's allocation decreased from 3.9 % to 3.54 %
Tata Consultancy Services Ltd's allocation decreased from 3.9 % to 3.54 %
Torrent Power Ltd's allocation decreased from 3.68 % to 3.2 %
Torrent Power Ltd's allocation decreased from 3.68 % to 3.2 %
Mahindra & Mahindra Ltd's allocation decreased from 2.79 % to 2.58 %
Mahindra & Mahindra Ltd's allocation decreased from 2.79 % to 2.58 %
Small Cap allocation has gone down from 3.1% to 2.9%
Small Cap allocation has gone down from 3.1% to 2.9%
Mid Cap allocation has gone down from 21.5% to 20.5%
Mid Cap allocation has gone down from 21.5% to 20.5%
Large Cap allocation has gone up from 70.7% to 71.6%
Large Cap allocation has gone up from 70.7% to 71.6%
Cash allocation has gone up from 4.6% to 5.1%
Cash allocation has gone up from 4.6% to 5.1%

Top 3 Sectors in February were Financial Services, Consumer Cyclical & Health

Feb'25
Financial Services
31%
Consumer Cyclical
14%
Health
11%
Jan'25
Financial Services
30%
Consumer Cyclical
14%
Health
11%
Fund
Feb'25
Jan'25
Dec'24
No of Holdings
86
86
87
Top 5 Company Concentration
25.5%
24.6%
23.3%
Company having highest exposure
HDFC Bank Ltd (7.9%)
HDFC Bank Ltd (7.2%)
HDFC Bank Ltd (7.1%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
75%
74.2%
74.2%
Sector having highest exposure
Financial Services (31.2%)
Financial Services (29.8%)
Financial Services (28.8%)
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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
₹3.22L Cr
as on 28-Feb-2025
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

Insights icon
In the last 1 year, DSP ELSS Tax Saver Fund Direct Plan Growth has given 18.26% return, outperforming this fund by 9.8%.
Insights icon
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 39.75% return, outperforming this fund by 20.59% per annum.
Insights icon
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 24.75% return, outperforming this fund by 13.8% per annum.
Insights icon
Over the last 6 months, this fund has experienced a 16.3% drop in AUM moving from 38.42K Cr to 32.17K Cr.
Insights icon
Over the last 1 year, this fund has increased expense ratio by 9.1% moving from 0.77 to 0.84.
Insights icon
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.84% which is lower than the category average expense ratio of 1.3%.

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 16.98% since inception which is more than its category average return of 14.48%
Fund Allocations

Fund Allocations

This fund has an allocation of 94.93% in Equity, 0% in Debt and 5.07% in Cash related instruments
AUM size ₹32174 Cr

AUM size ₹32174 Cr

This fund has AUM of ₹32174 Cr which is more than its category average of ₹ 4477 Cr
Expense Ratio 0.84%

Expense Ratio 0.84%

This fund has an expense ratio of 0.84% which is less than its category average expense ratio of 1.4%
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3Y CAGR

▲ 21.74

Axis Multicap Fund Direct Growth

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3Y CAGR

▲ 20.19

Axis Small Cap Fund Direct Growth

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5Y CAGR

▲ 33.23

Axis Nifty Smallcap 50 Index Fund Direct Growth

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3Y CAGR

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Frequently Asked Questions for Axis ELSS Tax Saver Fund Direct Growth

The current NAV of Axis ELSS Tax Saver Fund Direct Growth is ₹101.99 as on 27-Mar-2025.
Existing (Absolute + CAGR) as on 27-Mar-2025.
Axis ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.31%
4.31%
6 Month Returns
-10.72%
-10.72%
1 Year Returns
8.46%
8.46%
3 Years Returns
36.55%
10.94%
5 Years Returns
140.23%
19.16%
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0.84% as on February 2025
₹32174 Cr as on February 2025
HDFC Bank Ltd(7.9%), ICICI Bank Ltd(4.97%), Bajaj Finance Ltd(4.82%), Bharti Airtel Ltd(4.29%), Tata Consultancy Services Ltd(3.54%) as on February 2025
Financial Services(29.59%), Consumer Cyclical(13.72%), Health(10.27%) as on February 2025
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
5.15
-3.68
-3.95
As on February 2025
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
0.94
0.99
0.94
As on February 2025
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
-0.02
0.19
0.43
As on February 2025
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
15.16
15.85
19.45
As on February 2025
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 0.3 as on February 2025. 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%