Axis ELSS - Tax Saver Fund
ELSSVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹94.86-2.25%1 day
- Return since launch
- 14.5%
- 52-week range
- ₹84.81 — ₹99.64
- AUM
- ₹32,667 Cr
Axis ELSS - Tax Saver Fund is a ELSS equity fund from Axis Mutual Fund with ₹32,667 Cr under management, launched in 2009. Over three years it has returned 3.6% a year, against 10.3% for its category. The expense ratio is 1.77% 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 -1.5% against -2.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -1.2% | +0.3 pts | -1.5% | -3.3% |
| 2Y | 0.4% | +0.1 pts | 0.3% | -0.8% |
| 3Y | 3.6% | −6.8 pts | 10.3% | 2.5% |
| 5Y | 7.3% | −2.4 pts | 9.7% | 8.3% |
| 7Y | 9.3% | −3.8 pts | 13.0% | 11.6% |
| 10Y | 10.3% | −2.2 pts | 12.5% | 11.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.2% | −0.4 pts | -3.8% | -4.3% |
| 3M | -0.5% | +0.8 pts | -1.3% | -1.7% |
| 6M | 6.9% | 0.0 pts | 6.8% | 5.7% |
| 1Y | -1.5% | 0.0 pts | -1.5% | -2.3% |
| 2Y | -3.0% | +0.3 pts | -3.2% | -3.9% |
| 3Y | 9.5% | −0.9 pts | 10.3% | 9.2% |
| 5Y | 4.3% | −5.4 pts | 9.7% | 8.6% |
| 7Y | 10.6% | −4.0 pts | 14.6% | 12.5% |
| 10Y | 11.1% | −1.4 pts | 12.5% | 10.8% |
Since launch (17 Dec 2009): 14.5%
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
1.76%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.34%
- Brokerage
- 0.06%
- Transaction charges
- 0.00%
- Statutory levies
- 0.36%
- 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 | 0.59 | 4.67 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.91 | 1.08 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.47 | 0.67 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.62 | 0.90 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.52 | 17.94 | 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 31 Aug 2026
Asset allocation
- Equity98.2%
- Debt1.5%
- Other0.3%
Market cap split
- Large69.5%
- Mid23.2%
- Small7.2%
- P/E
- 29.93
- P/B
- 4.47
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 7.02% | ₹2,294 Cr | +7.26% | +7.31% | +6.22% |
| HDFC Bank Ltd. | Financial | 5.55% | ₹1,812 Cr | +5.54% | +6.54% | +8.17% |
| Bharti Airtel Ltd. | Communication | 4.26% | ₹1,390 Cr | +4.26% | +3.71% | +4.45% |
| Bajaj Finance Ltd. | Financial | 3.42% | ₹1,118 Cr | +3.56% | +3.34% | +4.14% |
| Eternal Ltd. | Services | 3.24% | ₹1,057 Cr | +2.75% | +2.15% | +2.95% |
| Larsen & Toubro Ltd. | Construction | 2.90% | ₹948 Cr | +3.08% | +2.97% | +2.08% |
| Divi's Laboratories Ltd. | Healthcare | 2.71% | ₹886 Cr | +2.15% | +2.21% | +1.91% |
| Axis Bank Ltd. | Financial | 2.63% | ₹860 Cr | +2.31% | +1.65% | — |
| Pidilite Industries Ltd. | Chemicals | 2.62% | ₹857 Cr | +2.60% | +2.25% | +2.23% |
| Mahindra & Mahindra Ltd. | Automobile | 2.57% | ₹841 Cr | +2.63% | +2.61% | +2.39% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.39% | ₹782 Cr | +2.18% | +1.96% | +1.76% |
| State Bank of India | Financial | 2.37% | ₹775 Cr | +2.92% | +2.99% | +1.67% |
| Ultratech Cement Ltd. | Materials | 2.28% | ₹746 Cr | +2.22% | +2.20% | +2.55% |
| Kotak Mahindra Bank Ltd. | Financial | 2.10% | ₹687 Cr | +2.02% | +1.92% | +1.27% |
| PB Fintech Ltd. | Services | 1.99% | ₹651 Cr | +1.37% | +0.72% | +0.99% |
| Titan Company Ltd. | Consumer Discretionary | 1.93% | ₹631 Cr | +1.54% | +1.34% | +1.02% |
| Tata Consultancy Services Ltd. | Technology | 1.93% | ₹630 Cr | +1.36% | +1.67% | +2.77% |
| Others | Others | 1.79% | ₹585 Cr | +2.54% | +6.17% | +3.59% |
| Infosys Ltd. | Technology | 1.75% | ₹571 Cr | +3.14% | +3.38% | +3.50% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.68% | ₹550 Cr | +2.20% | +1.67% | +1.76% |
| Reliance Industries Ltd. | Energy | 1.66% | ₹541 Cr | +3.37% | +2.82% | +2.03% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.63% | ₹532 Cr | +1.55% | +1.23% | +1.20% |
| The Indian Hotels Company Ltd. | Services | 1.58% | ₹517 Cr | +1.48% | +1.41% | +1.54% |
| Sona BLW Precision Forgings Ltd. | Automobile | 1.42% | ₹463 Cr | +1.11% | +1.03% | +0.99% |
| Interglobe Aviation Ltd. | Services | 1.36% | ₹444 Cr | +1.48% | +1.16% | +2.01% |
| Tata Motors Ltd. | Automobile | 1.30% | ₹426 Cr | +0.78% | +0.91% | — |
| Apar Industries Ltd. | Consumer Staples | 1.26% | ₹411 Cr | +1.00% | +0.83% | +0.55% |
| TVS Motor Company Ltd. | Automobile | 1.25% | ₹409 Cr | +1.01% | +1.17% | +1.15% |
| PI Industries Ltd. | Chemicals | 1.25% | ₹408 Cr | +1.54% | +1.62% | +1.84% |
| Vishal Mega Mart Ltd. | Services | 1.24% | ₹406 Cr | +1.16% | +0.98% | +1.42% |
| Ather Energy Ltd. | Automobile | 1.20% | ₹393 Cr | +0.55% | +0.45% | — |
| The Federal Bank Ltd. | Financial | 1.19% | ₹390 Cr | +0.84% | +1.22% | +1.02% |
| Solar Industries India Ltd. | Chemicals | 1.19% | ₹389 Cr | +1.14% | +0.59% | +0.34% |
| company:17109 | Services | 1.15% | ₹375 Cr | — | — | — |
| Hyundai Motor India Ltd. | Automobile | 1.14% | ₹373 Cr | +0.94% | +0.99% | +0.98% |
| Navin Fluorine International Ltd. | Chemicals | 1.10% | ₹359 Cr | +0.87% | +0.71% | +0.43% |
| Cummins India Ltd. | Capital Goods | 1.06% | ₹347 Cr | +1.29% | +1.00% | +0.72% |
| Mankind Pharma Ltd. | Healthcare | 1.03% | ₹337 Cr | +1.07% | +0.94% | +0.95% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.00% | ₹328 Cr | +0.40% | +0.44% | +0.34% |
| The Phoenix Mills Ltd. | Construction | 0.96% | ₹314 Cr | +0.48% | +0.33% | +0.29% |
| Fortis Healthcare Ltd. | Healthcare | 0.94% | ₹306 Cr | +0.87% | +0.74% | +0.91% |
| Tata Steel Ltd. | Metals & Mining | 0.86% | ₹280 Cr | +1.19% | +1.04% | +0.31% |
| Hindustan Unilever Ltd. | Consumer Staples | 0.84% | ₹275 Cr | +1.10% | +1.02% | +1.22% |
| Delhivery Ltd. | Services | 0.83% | ₹271 Cr | +0.70% | +0.34% | — |
| Anthem Biosciences Ltd. | Healthcare | 0.80% | ₹261 Cr | +0.61% | +0.32% | +0.31% |
| Karur Vysya Bank Ltd. | Financial | 0.76% | ₹250 Cr | +0.67% | +0.77% | +0.62% |
| Torrent Power Ltd. | Energy | 0.76% | ₹247 Cr | +1.36% | +2.12% | +2.48% |
| GE Vernova T&D India Ltd | Capital Goods | 0.75% | ₹244 Cr | +1.04% | +0.83% | +0.58% |
| JSW Infrastructure Ltd. | Services | 0.70% | ₹230 Cr | — | — | — |
| Sundaram Finance Ltd. | Financial | 0.67% | ₹220 Cr | +0.45% | +0.55% | +0.43% |
| HCL Technologies Ltd. | Technology | 0.67% | ₹219 Cr | — | — | +0.21% |
| Craftsman Automation Ltd. | Automobile | 0.66% | ₹217 Cr | — | — | — |
| Persistent Systems Ltd. | Technology | 0.63% | ₹207 Cr | +0.61% | +0.36% | +0.29% |
| Page Industries Ltd. | Textiles | 0.62% | ₹202 Cr | +0.42% | — | — |
| Radico Khaitan Ltd. | Consumer Staples | 0.61% | ₹201 Cr | +0.51% | — | — |
| Coromandel International Ltd. | Chemicals | 0.59% | ₹193 Cr | +0.50% | +0.41% | +0.41% |
| Max Healthcare Institute Ltd. | Healthcare | 0.58% | ₹191 Cr | +0.86% | +0.81% | +0.48% |
| Swiggy Ltd. | Services | 0.57% | ₹185 Cr | — | — | — |
| INDO-MIM Ltd. | Capital Goods | 0.55% | ₹181 Cr | — | — | — |
| Marico Ltd. | Consumer Staples | 0.53% | ₹173 Cr | — | — | — |
| Billionbrains Garage Ventures Ltd. | Financial | 0.53% | ₹172 Cr | +0.29% | — | — |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 0.52% | ₹170 Cr | — | — | +0.41% |
| Tenneco Clean Air India Ltd | Automobile | 0.51% | ₹168 Cr | +0.58% | +0.41% | — |
| DOMS Industries Ltd. | Consumer Staples | 0.47% | ₹153 Cr | — | — | — |
| company:20242 | Healthcare | 0.45% | ₹147 Cr | — | — | — |
| Premier Energies Ltd. | Energy | 0.45% | ₹146 Cr | +0.48% | +0.36% | +0.47% |
| Tata Consumer Products Ltd. | Consumer Staples | 0.43% | ₹142 Cr | — | — | +0.22% |
| company:5764 | Automobile | 0.33% | ₹107 Cr | — | — | — |
| company:20770 | Capital Goods | 0.24% | ₹79.97 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:17109 | 0.00% | 1.15% | +1.15% |
| Bajaj Finance Ltd. | 4.11% | 3.42% | -0.68% |
| Oil And Natural Gas Corporation Ltd. | 0.59% | 0.00% | -0.59% |
| Cipla Ltd. | 0.59% | 0.00% | -0.59% |
| Torrent Power Ltd. | 1.29% | 0.76% | -0.53% |
| company:20242 | 0.00% | 0.45% | +0.45% |
| Ather Energy Ltd. | 0.79% | 1.20% | +0.41% |
| Divi's Laboratories Ltd. | 2.31% | 2.71% | +0.40% |
| Bharti Airtel Ltd. | 4.64% | 4.26% | -0.39% |
| ICICI Bank Ltd. | 7.39% | 7.02% | -0.37% |
| Infosys Ltd. | 2.11% | 1.75% | -0.36% |
| Axis Bank Ltd. | 2.30% | 2.63% | +0.34% |
| Apar Industries Ltd. | 0.92% | 1.26% | +0.34% |
| company:5764 | 0.00% | 0.33% | +0.33% |
| HDFC Bank Ltd. | 5.87% | 5.55% | -0.32% |
| PB Fintech Ltd. | 1.69% | 1.99% | +0.31% |
| Bajaj Auto Ltd. | 0.29% | 0.00% | -0.29% |
| Kotak Mahindra Bank Ltd. | 1.82% | 2.10% | +0.28% |
| Swiggy Ltd. | 0.30% | 0.57% | +0.27% |
| Max Healthcare Institute Ltd. | 0.85% | 0.58% | -0.26% |
| Tata Steel Ltd. | 1.12% | 0.86% | -0.26% |
| company:20770 | 0.00% | 0.24% | +0.24% |
| Reliance Industries Ltd. | 1.89% | 1.66% | -0.24% |
| Navin Fluorine International Ltd. | 0.88% | 1.10% | +0.22% |
| Mahindra & Mahindra Ltd. | 2.79% | 2.57% | -0.22% |
| PI Industries Ltd. | 1.45% | 1.25% | -0.20% |
| Tata Motors Ltd. | 1.11% | 1.30% | +0.20% |
| Titan Company Ltd. | 1.75% | 1.93% | +0.18% |
| Tata Consultancy Services Ltd. | 1.75% | 1.93% | +0.17% |
| JSW Infrastructure Ltd. | 0.54% | 0.70% | +0.17% |
| Torrent Pharmaceuticals Ltd. | 1.14% | 1.00% | -0.13% |
| Vishal Mega Mart Ltd. | 1.11% | 1.24% | +0.13% |
| INDO-MIM Ltd. | 0.45% | 0.55% | +0.11% |
| Solar Industries India Ltd. | 1.09% | 1.19% | +0.10% |
| Ultratech Cement Ltd. | 2.38% | 2.28% | -0.10% |
| CG Power and Industrial Solutions Ltd. | 1.59% | 1.68% | +0.09% |
| Cummins India Ltd. | 1.15% | 1.06% | -0.09% |
| Page Industries Ltd. | 0.70% | 0.62% | -0.08% |
| Eternal Ltd. | 3.16% | 3.24% | +0.08% |
| Craftsman Automation Ltd. | 0.59% | 0.66% | +0.08% |
| Anthem Biosciences Ltd. | 0.73% | 0.80% | +0.07% |
| Larsen & Toubro Ltd. | 2.83% | 2.90% | +0.07% |
| Krishna Institute of Medical Sciences Ltd | 0.45% | 0.52% | +0.07% |
| HCL Technologies Ltd. | 0.61% | 0.67% | +0.06% |
| Hindustan Unilever Ltd. | 0.90% | 0.84% | -0.06% |
| Coromandel International Ltd. | 0.64% | 0.59% | -0.05% |
| TVS Motor Company Ltd. | 1.29% | 1.25% | -0.04% |
| Cholamandalam Investment and Finance Company Ltd. | 2.43% | 2.39% | -0.03% |
| Others | 1.51% | 1.54% | +0.03% |
| Delhivery Ltd. | 0.86% | 0.83% | -0.03% |
| State Bank of India | 2.40% | 2.37% | -0.03% |
| Mankind Pharma Ltd. | 1.06% | 1.03% | -0.02% |
| Sundaram Finance Ltd. | 0.69% | 0.67% | -0.02% |
| GE Vernova T&D India Ltd | 0.73% | 0.75% | +0.02% |
| Radico Khaitan Ltd. | 0.60% | 0.61% | +0.02% |
| Tata Consumer Products Ltd. | 0.42% | 0.43% | +0.02% |
| Interglobe Aviation Ltd. | 1.34% | 1.36% | +0.01% |
| Fortis Healthcare Ltd. | 0.95% | 0.94% | -0.01% |
| The Federal Bank Ltd. | 1.20% | 1.19% | -0.01% |
| Hyundai Motor India Ltd. | 1.13% | 1.14% | +0.01% |
| Karur Vysya Bank Ltd. | 0.75% | 0.76% | +0.01% |
| Tenneco Clean Air India Ltd | 0.52% | 0.51% | -0.01% |
| Sun Pharmaceutical Industries Ltd. | 1.64% | 1.63% | -0.01% |
| DOMS Industries Ltd. | 0.46% | 0.47% | +0.01% |
| Pidilite Industries Ltd. | 2.61% | 2.62% | +0.01% |
| Billionbrains Garage Ventures Ltd. | 0.53% | 0.53% | -0.01% |
| The Indian Hotels Company Ltd. | 1.59% | 1.58% | -0.01% |
| Premier Energies Ltd. | 0.44% | 0.45% | +0.01% |
| Persistent Systems Ltd. | 0.63% | 0.63% | 0.00% |
| Marico Ltd. | 0.53% | 0.53% | 0.00% |
| The Phoenix Mills Ltd. | 0.96% | 0.96% | 0.00% |
| Sona BLW Precision Forgings Ltd. | 1.42% | 1.42% | 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 | ₹2,116 Cr | 2.38% | 9.0% | 8.9% | 14.6% |
 Motilal Oswal ELSS Tax Saver Fund | ₹5,134 Cr | 2.08% | 17.2% | 12.9% | 18.3% |
 HSBC ELSS Tax saver Fund | ₹4,229 Cr | 1.99% | 5.7% | 8.3% | 13.2% |
 WhiteOak Capital ELSS Tax Saver Fund | ₹507 Cr | 2.59% | 2.8% | 7.1% | — |
 ITI ELSS Tax Saver Fund | ₹463 Cr | 2.57% | 6.8% | 6.9% | 12.9% |
 JM ELSS - Tax Saver Fund | ₹248 Cr | 2.69% | 12.5% | 9.3% | 14.1% |
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.
- 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 months6.88% absolute | ₹60,000 | ₹64,128 | 6.88% | |
| 1 year−1.50% annualised | ₹1,20,000 | ₹1,19,029 | −0.81% | |
| 3 years9.49% annualised | ₹3,60,000 | ₹4,17,873 | 16.08% | |
| 5 years4.29% annualised | ₹6,00,000 | ₹6,70,271 | 11.71% |
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 ₹94.86 as on 24 Sep 2026.
What is the expense ratio of Axis ELSS - Tax Saver Fund?
The expense ratio of Axis ELSS - Tax Saver Fund is 1.77% 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 -1.2% over 1 year, 3.6% over 3 years and 7.3% 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 ₹3,77,445 Cr under management.