December 26, 2025
RA Jainee
Axis ELSS Tax Saver Fund
| Fund at a Glance | |
| NAV Growth | Rs 110.64 |
| NAV Bonus | — |
| NAV IDCW | Rs 55.89 |
| Min. Investment (Rs.) | 500 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 35,084 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.81% |
| 1 Year Return (%) | 5.62 |
| 3 Year Return (%) | 15.92 |
| 5 Year Return (%) | 11.75 |
| 10 Year Return (%) | 13.44 |
| Return Since Launch | 16.62% |
⚖️ Sahifund Review – Axis ELSS Tax Saver Fund
PLUS: Stability | Track Record | Tax Efficiency
Axis ELSS Tax Saver Fund offers a clean, quality-focused portfolio with strong emphasis on large, fundamentally sound businesses, helping contain downside during volatile phases. It provides the dual benefit of Section 80C tax savings along with equity participation. The fund has a long operating history and a diversified basket of nearly 100 stocks, reducing single-stock risk. Portfolio turnover is moderate, reflecting a disciplined, long-term approach rather than excessive churn.
MINUS: Large AUM | Large-Cap Bias | Return Lag
With a large AUM of over Rs. 35,000 crore, agility is limited. The fund’s pronounced large-cap tilt has resulted in underperformance versus ELSS peers, especially over 3–5 years. Returns have lagged benchmark and category averages, and the expense ratio of 0.81% is not the cheapest in the ELSS space. Investors seeking aggressive alpha may find it conservative.
Sahifund View (Decisive Line):
Suitable for tax-saving investors prioritising stability and quality, but return-seekers may prefer more agile ELSS funds with stronger recent performance.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
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) 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 | 16.62% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 35,084 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.81% |
| (As on 30-Nov-2025) | |
| Risk Grade | Above Average |
| Return Grade | Low |
| Turnover | 24.00% |
Trailing Returns (%) of Axis ELSS Tax Saver Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis ELSS Tax Saver Dir | 5.54 | -0.18 | -0.01 | 0.81 | 1.95 | 5.62 | 15.92 | 11.75 | 13.59 | 13.44 |
| BSE 500 TRI | 7.53 | -0.17 | 0.73 | 2.95 | 3.84 | 7.43 | 17.38 | 17.18 | 16.16 | 14.93 |
| Equity: ELSS | 4.72 | -0.21 | 0.38 | 1.86 | 2.99 | 4.73 | 19.19 | 18.22 | 16.90 | 15.17 |
| Rank within category | 22 | 15 | 31 | 30 | 29 | 20 | 31 | 33 | 29 | 24 |
| Number of funds in category | 39 | 40 | 40 | 40 | 40 | 39 | 34 | 33 | 30 | 27 |
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 | 5.62 | 15.92 | 11.75 | 0.81 | 35,084 | 16.62 | — | 12Y 11M | 24.00 |
| SBI ELSS Tax Saver Dir | 5 star | 6.48 | 25.68 | 22.67 | 0.92 | 32,327 | 16.43 | — | 12Y 11M | 12.00 |
| DSP ELSS Tax Saver Dir | 4 star | 8.28 | 22.05 | 21.00 | 0.66 | 17,570 | 17.80 | — | 12Y 11M | 35.00 |
| HDFC ELSS Tax Saver Dir | 5 star | 10.64 | 22.55 | 22.68 | 1.08 | 17,241 | 15.35 | — | 12Y 11M | 12.19 |
| Bandhan ELSS Tax Saver Dir | 4 star | 8.85 | 18.68 | 21.26 | 0.65 | 7,327 | 17.59 | — | 12Y 11M | 33.00 |
Portfolio Analysis of Axis ELSS Tax Saver Fund
| No. of Stocks | 96 |
| Top 10 Stocks | 39.15% |
| Top 5 Stocks | 26.75% |
| Top 3 Sectors | 58.36% |
| Portfolio P/B Ratio | 5.10 |
| Portfolio P/E Ratio | 31.66 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,74,961 | 2,12,744 |
| Giant (%) | 62.02 | 57.04 |
| Large (%) | 22.69 | 17.86 |
| Mid (%) | 15.09 | 22.09 |
| Small (%) | 0.20 | 7.17 |
| Tiny (%) | — | 0.16 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Apply Online: https://www.axismf.com/Online/Login OR https://www.axismf.com/mutual-funds
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