Axis ELSS Tax Saver Fund Direct Growth

Equity
Direct
Elss (Tax Savings)
Axis ELSS Tax Saver Fund Direct Growth

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 Growth has ₹37106 Cr worth of assets under management (AUM) as on Jun 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 18.25% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 29.94%, 11.59% and 17.12% respectively.

Holdings

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

Fund Performance
zero opening, trading, fund transfer fee
21579 people have invested ₹ 11.4Cr in Axis ELSS Tax Saver Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
22
/23
25% Performance
19% Risk Management
55% 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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Highly volatile within category

Fund Overview

Expense ratio0.79%
Benchmark
S&P BSE 200 India TR INR
AUM₹37106 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
16.89%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 97.8%

  • Debt & Cash 2.2%

Large cap
70%
Mid cap
26.3%
Small cap
1.5%
Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
27.2%
Consumer Cyclical
12.2%
Industrial
10.6%
Consumer Defensive
9.5%
Basic Materials
9%
Tech
8.5%
Health
8.3%
Utilities
6.5%
Communication
4.8%
Energy
3.4%
Real Estate
0.1%
All changes are between Apr'24 and Jun'24

as on (30-Jun-24)

  • Equity

Holdings
Weight%
1M Change
HDFC Bank Ltd
HDFC Bank Ltd
6.64%
7.8%
Tata Consultancy Services Ltd
Tata Consultancy Services Ltd
5.75%
0%
Avenue Supermarts Ltd
Avenue Supermarts Ltd
5.19%
0%
Torrent Power Ltd
Torrent Power Ltd
5.17%
-2.4%
Bajaj Finance Ltd
Bajaj Finance Ltd
4.92%
-1.9%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Axis ELSS Tax Saver Fund Direct Growth
Axis ELSS Tax Saver Fund Direct Growth
29.9%
11.6%
17.1%
18.2%
Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth
Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth
57.3%
25.3%
26%
19.6%
ITI ELSS Tax Saver Fund Direct Growth
ITI ELSS Tax Saver Fund Direct Growth
56.5%
21.4%
-
23%
Quant ELSS Tax Saver Growth Option Direct Plan
Quant ELSS Tax Saver Growth Option Direct Plan
56%
27.1%
37%
23.7%
See all

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Avenue Supermarts Ltd
Avenue Supermarts Ltd
4.8%
Info Edge (India) Ltd
Info Edge (India) Ltd
4.6%

Ashish Naik
Ashish Naik
Fund Manager of Axis ELSS Tax Saver Fund Direct Growth, since 3 August 2023
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Axis Bluechip Fund Direct Plan Growth
12.6%
17.88%
Axis Arbitrage Direct Growth
6.54%
5.58%
Axis ELSS Tax Saver Fund Direct Plan Growth Option
11.59%
19.51%
Shreyash Devalkar
Shreyash Devalkar
Fund Manager of Axis ELSS Tax Saver Fund Direct Growth, since 4 August 2023
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Axis Midcap Fund Direct Plan Growth
21.43%
24.91%
Axis Bluechip Fund Direct Plan Growth
12.6%
17.88%
Axis ELSS Tax Saver Fund Direct Plan Growth Option
11.59%
19.51%

Mutual Fund Insights

Insights icon
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 36.98% return, outperforming this fund by 19.86% per annum.
Insights icon
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 1.27%.
Insights icon
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 57.32% return, outperforming this fund by 27.38%.
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Over the last 1 month, this fund has increased expense ratio by 3.9% moving from 0.76 to 0.79.
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In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 28.48% return, outperforming this fund by 16.89% per annum.
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Over the last 3 months, this fund has experienced a 4.6% growth in AUM moving from 35.47K Cr to 37.10K Cr.

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 18.25% since inception which is more than its category average return of 16.63%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.85% in Equity, 0% in Debt and 2.15% in Cash related instruments
AUM size ₹37106 Cr

AUM size ₹37106 Cr

This fund has AUM of ₹37106 Cr which is more than its category average of ₹ 3925 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

The current NAV of Axis ELSS Tax Saver Fund Direct Growth is ₹103.93 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Axis ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.58%
1.58%
6 Month Returns
18.77%
18.77%
1 Year Returns
29.94%
29.94%
3 Years Returns
38.95%
11.59%
5 Years Returns
120.33%
17.12%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.79% as on June 2024
₹37106 Cr as on June 2024
HDFC Bank Ltd(6.64%), Tata Consultancy Services Ltd(5.75%), Avenue Supermarts Ltd(5.19%), Torrent Power Ltd(5.17%), Bajaj Finance Ltd(4.92%) as on June 2024
Financial Services(26.62%), Consumer Cyclical(11.97%), Industrial(10.36%) as on June 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
-1.44
-7.42
-2.37
As on June 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
0.8
1.06
0.92
As on June 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
1.72
0.45
0.6
As on June 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
11.7
15.84
19.12
As on June 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 0.78 as on June 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 Growth
The Exit load of Axis ELSS Tax Saver Fund Direct Growth is 0%