Axis ELSS - Tax Saver Fund
ELSSVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹100.84+0.78%1 day
- Return since launch
- 14.6%
- 52-week range
- ₹84.81 — ₹100.06
- AUM
- ₹30,450 Cr
Axis ELSS - Tax Saver Fund is a ELSS equity fund from Axis Mutual Fund with ₹30,450 Cr under management, launched in 2009. Over three years it has returned 6.8% a year, against 11.4% for its category. The expense ratio is 1.76% and the SEBI riskometer reading is Very High.
Performance
Axis ELSS - Tax Saver Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +2.7% against 0.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 11.6% | +11.0 pts | 0.6% | 6.0% |
| 2Y | 6.8% | +2.5 pts | 4.3% | 3.9% |
| 3Y | 6.8% | −4.7 pts | 11.4% | 4.6% |
| 5Y | 9.3% | −0.5 pts | 9.8% | 9.3% |
| 7Y | 10.3% | −3.0 pts | 13.3% | 12.1% |
| 10Y | 11.0% | −1.9 pts | 12.9% | 11.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 9.3% | +2.6 pts | 6.7% | 7.5% |
| 3M | 1.5% | +2.0 pts | -0.5% | -0.5% |
| 6M | 8.5% | +3.9 pts | 4.6% | 4.7% |
| 1Y | 2.9% | +2.3 pts | 0.6% | 0.3% |
| 2Y | 3.8% | +1.9 pts | 1.9% | 1.4% |
| 3Y | 11.5% | +0.1 pts | 11.4% | 10.7% |
| 5Y | 5.5% | −4.3 pts | 9.8% | 8.8% |
| 7Y | 10.9% | −3.7 pts | 14.6% | 12.7% |
| 10Y | 12.0% | −0.9 pts | 12.9% | 11.5% |
Since launch (17 Dec 2009): 14.6%
Calendar-year returns
Category average20.5%
24.5%
-12.0%
22.0%
17.3%
4.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 4.4% | −0.1 pts | 4.5% |
| 2024 | 17.3% | −3.0 pts | 20.3% |
| 2023 | 22.0% | −9.8 pts | 31.8% |
| 2022 | -12.0% | −15.4 pts | 3.5% |
| 2021 | 24.5% | −15.3 pts | 39.9% |
| 2020 | 20.5% | +1.9 pts | 18.7% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.74%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.34%
- Brokerage
- 0.06%
- Transaction charges
- 0.00%
- Statutory levies
- 0.34%
- Exit load
- 0%
- Lock-in
- 3 years
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 0.28 | 4.34 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.92 | 1.03 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.33 | 0.55 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.43 | 0.76 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.07 | 17.53 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Axis ELSS - Tax Saver Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity97.9%
- Debt1.7%
- Other0.5%
Market cap split
- Large69.6%
- Mid22.5%
- Small7.9%
- P/E
- 27.77
- P/B
- 4.11
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 6.89% | ₹2,085 Cr | +7.74% | +7.29% | +6.04% |
| HDFC Bank Ltd. | Financial | 6.09% | ₹1,843 Cr | +6.20% | +5.74% | +7.87% |
| Bharti Airtel Ltd. | Communication | 4.45% | ₹1,348 Cr | +4.20% | +4.32% | +4.45% |
| Eternal Ltd. | Services | 3.35% | ₹1,015 Cr | +2.82% | +2.38% | +2.95% |
| Bajaj Finance Ltd. | Financial | 3.35% | ₹1,015 Cr | +3.91% | +3.33% | +4.74% |
| Divi's Laboratories Ltd. | Healthcare | 2.74% | ₹830 Cr | +2.07% | +2.34% | +1.78% |
| Axis Bank Ltd. | Financial | 2.73% | ₹827 Cr | +2.57% | +1.82% | — |
| Larsen & Toubro Ltd. | Construction | 2.70% | ₹817 Cr | +3.05% | +2.73% | +2.46% |
| Kotak Mahindra Bank Ltd. | Financial | 2.47% | ₹747 Cr | +2.10% | +1.86% | +1.10% |
| Mahindra & Mahindra Ltd. | Automobile | 2.42% | ₹733 Cr | +2.58% | +2.72% | +2.74% |
| Pidilite Industries Ltd. | Chemicals | 2.42% | ₹733 Cr | +2.72% | +2.33% | +2.16% |
| Ultratech Cement Ltd. | Materials | 2.36% | ₹714 Cr | +2.15% | +2.13% | +2.49% |
| State Bank of India | Financial | 2.32% | ₹701 Cr | +2.96% | +2.78% | +1.91% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.25% | ₹682 Cr | +2.47% | +1.84% | +2.01% |
| Others | Others | 2.11% | ₹639 Cr | +4.16% | +8.34% | +4.30% |
| Titan Company Ltd. | Consumer Discretionary | 1.88% | ₹568 Cr | +1.62% | +1.39% | +0.95% |
| Tata Consultancy Services Ltd. | Technology | 1.78% | ₹538 Cr | +0.58% | +1.70% | +2.18% |
| Reliance Industries Ltd. | Energy | 1.74% | ₹528 Cr | +2.62% | +3.34% | +2.00% |
| The Indian Hotels Company Ltd. | Services | 1.69% | ₹511 Cr | +1.57% | +1.38% | +1.47% |
| Infosys Ltd. | Technology | 1.65% | ₹501 Cr | +2.39% | +3.71% | +3.55% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.63% | ₹493 Cr | +2.11% | +1.73% | +1.82% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.61% | ₹487 Cr | +1.57% | +1.42% | +1.21% |
| Sona BLW Precision Forgings Ltd. | Automobile | 1.56% | ₹472 Cr | +1.17% | +0.92% | +0.77% |
| Interglobe Aviation Ltd. | Services | 1.46% | ₹441 Cr | +1.85% | +1.18% | +2.01% |
| Apar Industries Ltd. | Consumer Staples | 1.33% | ₹404 Cr | +1.05% | +0.81% | +0.59% |
| PI Industries Ltd. | Chemicals | 1.31% | ₹398 Cr | +1.38% | +1.61% | +1.76% |
| Tata Motors Ltd. | Automobile | 1.26% | ₹381 Cr | +1.10% | +0.81% | — |
| Solar Industries India Ltd. | Chemicals | 1.26% | ₹381 Cr | +1.14% | +0.74% | +0.34% |
| Vishal Mega Mart Ltd. | Services | 1.22% | ₹370 Cr | +1.09% | +1.00% | +1.46% |
| PB Fintech Ltd. | Services | 1.22% | ₹369 Cr | +1.42% | +0.80% | +0.96% |
| Hyundai Motor India Ltd. | Automobile | 1.14% | ₹344 Cr | +1.01% | +0.93% | +1.03% |
| Navin Fluorine International Ltd. | Chemicals | 1.13% | ₹343 Cr | +0.91% | +0.80% | +0.42% |
| One 97 Communications Ltd. | Services | 1.11% | ₹336 Cr | — | — | — |
| Ather Energy Ltd. | Automobile | 1.08% | ₹326 Cr | +0.63% | +0.49% | — |
| Cummins India Ltd. | Capital Goods | 1.07% | ₹323 Cr | +1.21% | +1.05% | +0.78% |
| The Federal Bank Ltd. | Financial | 1.06% | ₹321 Cr | +0.93% | +0.88% | +1.03% |
| The Phoenix Mills Ltd. | Construction | 1.06% | ₹320 Cr | +0.67% | +0.35% | +0.30% |
| TVS Motor Company Ltd. | Automobile | 1.03% | ₹311 Cr | +1.01% | +0.93% | +1.21% |
| Tata Steel Ltd. | Metals & Mining | 0.93% | ₹280 Cr | +1.13% | +1.07% | +0.06% |
| Fortis Healthcare Ltd. | Healthcare | 0.86% | ₹260 Cr | +0.98% | +0.71% | +0.97% |
| INDO-MIM Ltd. | Capital Goods | 0.85% | ₹258 Cr | — | — | — |
| Anthem Biosciences Ltd. | Healthcare | 0.83% | ₹251 Cr | +0.60% | +0.55% | +0.32% |
| Delhivery Ltd. | Services | 0.83% | ₹250 Cr | +0.88% | +0.57% | — |
| HCL Technologies Ltd. | Technology | 0.82% | ₹247 Cr | — | — | +0.20% |
| JSW Infrastructure Ltd. | Services | 0.80% | ₹241 Cr | +0.43% | — | — |
| GE Vernova T&D India Ltd | Capital Goods | 0.76% | ₹230 Cr | +0.97% | +0.85% | +0.62% |
| Mankind Pharma Ltd. | Healthcare | 0.76% | ₹230 Cr | +1.11% | +0.96% | +0.95% |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 0.70% | ₹212 Cr | +0.34% | — | +0.40% |
| Sundaram Finance Ltd. | Financial | 0.70% | ₹211 Cr | +0.49% | +0.50% | +0.42% |
| Marico Ltd. | Consumer Staples | 0.68% | ₹205 Cr | — | — | — |
| Page Industries Ltd. | Textiles | 0.68% | ₹205 Cr | +0.58% | — | — |
| Craftsman Automation Ltd. | Automobile | 0.67% | ₹202 Cr | +0.51% | — | — |
| Karur Vysya Bank Ltd. | Financial | 0.66% | ₹200 Cr | +0.67% | +0.78% | +0.61% |
| Persistent Systems Ltd. | Technology | 0.65% | ₹195 Cr | +0.58% | +0.42% | +0.27% |
| Radico Khaitan Ltd. | Consumer Staples | 0.64% | ₹195 Cr | +0.55% | — | — |
| Hindustan Unilever Ltd. | Consumer Staples | 0.60% | ₹181 Cr | +1.05% | +1.02% | +1.16% |
| Coromandel International Ltd. | Chemicals | 0.59% | ₹178 Cr | +0.64% | +0.41% | +0.40% |
| Billionbrains Garage Ventures Ltd. | Financial | 0.54% | ₹165 Cr | +0.57% | — | — |
| Swiggy Ltd. | Services | 0.54% | ₹165 Cr | — | — | — |
| Tenneco Clean Air India Ltd | Automobile | 0.53% | ₹161 Cr | +0.59% | +0.41% | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 0.51% | ₹154 Cr | +0.41% | +0.49% | +0.35% |
| Tata Consumer Products Ltd. | Consumer Staples | 0.50% | ₹152 Cr | +0.05% | — | +0.23% |
| Rubicon Research Ltd. | Healthcare | 0.48% | ₹146 Cr | — | — | — |
| Gland Pharma Ltd. | Healthcare | 0.48% | ₹145 Cr | — | — | — |
| DOMS Industries Ltd. | Consumer Staples | 0.48% | ₹144 Cr | +0.48% | — | — |
| Premier Energies Ltd. | Energy | 0.40% | ₹122 Cr | +0.46% | +0.49% | +0.49% |
| Torrent Power Ltd. | Energy | 0.39% | ₹118 Cr | +1.32% | +2.02% | +2.38% |
| SPR Auto Technologies Ltd. | Automobile | 0.36% | ₹110 Cr | — | — | — |
| Dhoot Transmission Ltd. | Capital Goods | 0.33% | ₹99.80 Cr | — | — | — |
| Aurobindo Pharma Ltd. | Healthcare | 0.24% | ₹74.01 Cr | — | — | — |
| National Stock Exchange | Financial | 0.21% | ₹64.32 Cr | — | — | — |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 0.07% | ₹19.97 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| PB Fintech Ltd. | 1.99% | 1.22% | -0.77% |
| Max Healthcare Institute Ltd. | 0.58% | 0.00% | -0.58% |
| HDFC Bank Ltd. | 5.55% | 6.09% | +0.54% |
| Torrent Pharmaceuticals Ltd. | 1.00% | 0.51% | -0.50% |
| Gland Pharma Ltd. | 0.00% | 0.48% | +0.48% |
| Torrent Power Ltd. | 0.76% | 0.39% | -0.37% |
| Kotak Mahindra Bank Ltd. | 2.10% | 2.47% | +0.36% |
| INDO-MIM Ltd. | 0.55% | 0.85% | +0.30% |
| Mankind Pharma Ltd. | 1.03% | 0.76% | -0.27% |
| Aurobindo Pharma Ltd. | 0.00% | 0.24% | +0.24% |
| Hindustan Unilever Ltd. | 0.84% | 0.60% | -0.24% |
| TVS Motor Company Ltd. | 1.25% | 1.03% | -0.22% |
| National Stock Exchange | 0.00% | 0.21% | +0.21% |
| Larsen & Toubro Ltd. | 2.90% | 2.70% | -0.20% |
| Pidilite Industries Ltd. | 2.62% | 2.42% | -0.20% |
| Bharti Airtel Ltd. | 4.26% | 4.45% | +0.20% |
| Krishna Institute of Medical Sciences Ltd | 0.52% | 0.70% | +0.18% |
| Mahindra & Mahindra Ltd. | 2.57% | 2.42% | -0.15% |
| Marico Ltd. | 0.53% | 0.68% | +0.15% |
| Tata Consultancy Services Ltd. | 1.93% | 1.78% | -0.15% |
| HCL Technologies Ltd. | 0.67% | 0.82% | +0.15% |
| Sona BLW Precision Forgings Ltd. | 1.42% | 1.56% | +0.14% |
| Cholamandalam Investment and Finance Company Ltd. | 2.39% | 2.25% | -0.14% |
| ICICI Bank Ltd. | 7.02% | 6.89% | -0.13% |
| The Federal Bank Ltd. | 1.19% | 1.06% | -0.13% |
| Ather Energy Ltd. | 1.20% | 1.08% | -0.13% |
| Others | 1.54% | 1.66% | +0.12% |
| Eternal Ltd. | 3.24% | 3.35% | +0.12% |
| The Indian Hotels Company Ltd. | 1.58% | 1.69% | +0.10% |
| Karur Vysya Bank Ltd. | 0.76% | 0.66% | -0.10% |
| Axis Bank Ltd. | 2.63% | 2.73% | +0.10% |
| Interglobe Aviation Ltd. | 1.36% | 1.46% | +0.10% |
| The Phoenix Mills Ltd. | 0.96% | 1.06% | +0.10% |
| Infosys Ltd. | 1.75% | 1.65% | -0.09% |
| JSW Infrastructure Ltd. | 0.70% | 0.80% | +0.09% |
| Reliance Industries Ltd. | 1.66% | 1.74% | +0.09% |
| Dhoot Transmission Ltd. | 0.24% | 0.33% | +0.08% |
| Fortis Healthcare Ltd. | 0.94% | 0.86% | -0.08% |
| Apar Industries Ltd. | 1.26% | 1.33% | +0.08% |
| Ultratech Cement Ltd. | 2.28% | 2.36% | +0.07% |
| Bajaj Finance Ltd. | 3.42% | 3.35% | -0.07% |
| Tata Consumer Products Ltd. | 0.43% | 0.50% | +0.07% |
| Solar Industries India Ltd. | 1.19% | 1.26% | +0.07% |
| Tata Steel Ltd. | 0.86% | 0.93% | +0.07% |
| Dr. Reddy's Laboratories Ltd. | 0.00% | 0.07% | +0.07% |
| PI Industries Ltd. | 1.25% | 1.31% | +0.06% |
| Page Industries Ltd. | 0.62% | 0.68% | +0.06% |
| Titan Company Ltd. | 1.93% | 1.88% | -0.06% |
| CG Power and Industrial Solutions Ltd. | 1.68% | 1.63% | -0.06% |
| State Bank of India | 2.37% | 2.32% | -0.05% |
| Tata Motors Ltd. | 1.30% | 1.26% | -0.04% |
| Premier Energies Ltd. | 0.45% | 0.40% | -0.04% |
| One 97 Communications Ltd. | 1.15% | 1.11% | -0.04% |
| SPR Auto Technologies Ltd. | 0.33% | 0.36% | +0.04% |
| Navin Fluorine International Ltd. | 1.10% | 1.13% | +0.04% |
| Rubicon Research Ltd. | 0.45% | 0.48% | +0.04% |
| Radico Khaitan Ltd. | 0.61% | 0.64% | +0.03% |
| Anthem Biosciences Ltd. | 0.80% | 0.83% | +0.03% |
| Divi's Laboratories Ltd. | 2.71% | 2.74% | +0.03% |
| Swiggy Ltd. | 0.57% | 0.54% | -0.02% |
| Sundaram Finance Ltd. | 0.67% | 0.70% | +0.02% |
| Sun Pharmaceutical Industries Ltd. | 1.63% | 1.61% | -0.02% |
| Tenneco Clean Air India Ltd | 0.51% | 0.53% | +0.02% |
| Vishal Mega Mart Ltd. | 1.24% | 1.22% | -0.02% |
| Billionbrains Garage Ventures Ltd. | 0.53% | 0.54% | +0.02% |
| GE Vernova T&D India Ltd | 0.75% | 0.76% | +0.01% |
| Persistent Systems Ltd. | 0.63% | 0.65% | +0.01% |
| DOMS Industries Ltd. | 0.47% | 0.48% | +0.01% |
| Hyundai Motor India Ltd. | 1.14% | 1.14% | -0.01% |
| Cummins India Ltd. | 1.06% | 1.07% | +0.01% |
| Coromandel International Ltd. | 0.59% | 0.59% | 0.00% |
| Craftsman Automation Ltd. | 0.66% | 0.67% | 0.00% |
| Delhivery Ltd. | 0.83% | 0.83% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,088 Cr | 2.35% | 8.8% | 8.1% | 13.5% |
 Motilal Oswal ELSS Tax Saver Fund | ₹4,890 Cr | 2.07% | 8.1% | 8.8% | 16.0% |
 HSBC ELSS Tax saver Fund | ₹3,974 Cr | 1.98% | 8.0% | 7.9% | 12.9% |
 Baroda BNP Paribas ELSS Tax Saver Fund | ₹857 Cr | 2.46% | 6.6% | 7.2% | 11.9% |
 WhiteOak Capital ELSS Tax Saver Fund | ₹481 Cr | 2.60% | 10.8% | 8.6% | — |
 JM ELSS - Tax Saver Fund | ₹240 Cr | 2.66% | 10.6% | 7.7% | 13.1% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme aims to generate regular long term capital growth from a diversified portfolio of equity and equity related securities. The Scheme Will invest in companies with strong growth & a sustainable business model.
Fund managers
- Ashish NaikMr. Naik is a B.E from Mumbai University and MBA from XLRI, Jamshedpur.Prior to joining Axis Mutual Fund he was associated with organizations such as Goldman Sachs and has over 7 years of experience as an Equity Analyst.
- Pratik TibrewalMr. Tibrewal is a B.Com, LLB (Gen) and MBA (Finance).Prior to joining Axis Mutual Fund, he has worked with Inditrade Capital Ltd., Edelweiss Mutual Fund and Edelweiss Commodities trading Ltd..
- Shreyash DevalkarMr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai UniversityPrior to joining Axis Mutual Fund he has worked with BNP Paribas Mutual Fund as a Fund Manager, IDFC Capital, JP Morgan Services India and Calyon Bank.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months8.48% absolute | ₹60,000 | ₹65,088 | 8.48% | |
| 1 year2.85% annualised | ₹1,20,000 | ₹1,21,869 | 1.56% | |
| 3 years11.52% annualised | ₹3,60,000 | ₹4,31,720 | 19.92% | |
| 5 years5.51% annualised | ₹6,00,000 | ₹6,92,148 | 15.36% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Axis ELSS - Tax Saver Fund?
The NAV of Axis ELSS - Tax Saver Fund is ₹100.84 as on 9 Nov 2026.
What is the expense ratio of Axis ELSS - Tax Saver Fund?
The expense ratio of Axis ELSS - Tax Saver Fund is 1.76% per year.
What is the minimum SIP amount for Axis ELSS - Tax Saver Fund?
You can start a SIP in Axis ELSS - Tax Saver Fund with ₹3,000 a month.
What returns has Axis ELSS - Tax Saver Fund given?
Axis ELSS - Tax Saver Fund has returned 11.6% over 1 year, 6.8% over 3 years and 9.3% over 5 years (annualised).
Is there a lock-in or exit load on Axis ELSS - Tax Saver Fund?
Lock-in: 3 years. Exit load: 0%.
How risky is Axis ELSS - Tax Saver Fund?
Axis ELSS - Tax Saver Fund is rated Very High on the SEBI riskometer and belongs to the ELSS category.
Which fund house manages Axis ELSS - Tax Saver Fund?
Axis ELSS - Tax Saver Fund is managed by Axis Mutual Fund, which runs 74 schemes with ₹3,91,554 Cr under management.