December 8, 2023
mayank
Axis ELSS Tax Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth: Rs 86.3885
NAV IDCW: Rs 51.7994
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
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 Manager:
1) 1) Ashish Naik
Education: Mr. Naik is a B.E from Mumbai University and MBA from XLRI, Jamshedpur.
Experience: 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.
2) Shreyash Devalkar
Education: Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University
Experience: Prior 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.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details of Axis ELSS Tax Saver Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 17.35% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 31,136 Cr |
| (As on 31-Oct-2023) | |
| Expense | 0.79% |
| (As on 31-Oct-2023) | |
| Risk Grade | High |
| Return Grade | Low |
| Turnover | 18.00% |
Axis Long Term Equity Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis ELSS Tax Saver Dir | 19.80 | 0.40 | 7.38 | 7.66 | 11.32 | 16.41 | 12.19 | 14.02 | 15.19 | 17.63 |
| S&P BSE 500 TRI | 21.84 | 0.15 | 8.83 | 7.60 | 17.18 | 18.64 | 20.49 | 17.34 | 16.60 | 15.89 |
| Equity: ELSS | 25.07 | 0.11 | 8.16 | 7.78 | 17.85 | 22.03 | 21.45 | 17.89 | 16.59 | 17.34 |
| Rank within category | 33 | 5 | 28 | 18 | 37 | 32 | 32 | 28 | 22 | 9 |
| Number of funds in category | 35 | 39 | 38 | 38 | 37 | 34 | 33 | 30 | 29 | 25 |
Peer Comparison of Axis ELSS Tax Saver Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Axis ELSS Tax Saver Dir | 1 star | 16.41 | 12.19 | 14.02 | 0.79 | 31,136 | 17.35 | — | 10Y 11M | 18.00 |
| Mirae Asset Tax Saver Dir | 4 star | 19.94 | 21.10 | 20.28 | 0.65 | 17,532 | 20.00 | — | 7Y 11M | 98.00 |
| SBI LT Eqt Dir | 4 star | 31.33 | 25.81 | 19.88 | 1.00 | 17,279 | 15.91 | — | 10Y 11M | 16.00 |
| DSP ELSS Tax Saver Dir | 4 star | 23.48 | 23.31 | 20.16 | 0.78 | 11,693 | 17.72 | — | 10Y 11M | 37.00 |
| Canara Robeco ELSS Tax Saver Dir | 4 star | 18.32 | 20.91 | 19.85 | 0.55 | 6,533 | 16.13 | — | 10Y 11M | 29.00 |
Portfolio Analysis of Axis ELSS Tax Saver Fund
| No. of Stocks | 40 |
| Top 10 Stocks | 57.64% |
| Top 5 Stocks | 35.37% |
| Top 3 Sectors | 52.84% |
| Portfolio P/B Ratio | 6.22 |
| Portfolio P/E Ratio | 36.48 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,44,896 | 1,41,114 |
| Giant (%) | 52.27 | 51.56 |
| Large (%) | 33.23 | 20.35 |
| Mid (%) | 13.70 | 23.65 |
| Small (%) | 0.80 | 6.49 |
| Tiny (%) | — | 0.07 |
How to Invest in Axis ELSS Tax Saver Fund?
Chanakya’s Mutual Fund Guidance For Axis Long Term Equity Fund
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online: https://www.axismf.com/mutual-funds
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https://sahifund.com/category/nfos/
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Quicklinks
https://sahifund.com/360-one-elss-tax-saver-nifty-50-index-fund/