Axis ELSS Tax Saver Fund
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.
Growthvine rating: 2/5 — ranked #31 of 57 in category.
Fund basics
| Category | Equity: ELSS |
|---|
| NAV | ₹98.59 (as of 2026-08-21) |
|---|
| AUM | ₹32,592 Cr |
|---|
| Expense ratio | 1.33% |
|---|
| Riskometer | Very High |
|---|
| Fund manager | Ashish Naik |
|---|
| Exit load | 0 |
|---|
Performance & risk
| 5-year annualised return | 7.78% |
|---|
| Sharpe ratio | 0.4 |
|---|
| Standard deviation | 14.61% |
|---|
| Max drawdown | -33.57% |
|---|
| Alpha | -0.27 |
|---|
| Beta | 0.91 |
|---|
Over 5 years, captured 87.4% of Nifty 500's upside and 111.3% of its downside.
Market cap allocation
| Large cap | 72.6% |
|---|
| Mid cap | 21.5% |
|---|
| Small cap | 5.9% |
|---|
Concentration
| Top 5 holdings | 25.2% |
|---|
| Top 10 holdings | 38.2% |
|---|
| Total holdings | 67 |
|---|
| Index overlap | 46.9% |
|---|
| Active share | 53.1% |
|---|
Top holdings
- ICICI Bank Ltd. — 7.4%
- HDFC Bank Ltd. — 5.9%
- Bharti Airtel Ltd. — 4.6%
- Bajaj Finance Limited — 4.1%
- Eternal Limited — 3.2%
- Larsen & Toubro Limited — 2.8%
- Mahindra & Mahindra Ltd. — 2.8%
- Pidilite Industries Ltd. — 2.6%
- Cholamandalam Investment and Finance Company Ltd — 2.4%
- State Bank Of India — 2.4%
Top sectors
- Banking & Financial — 22.3%
- Automobile — 8.8%
- Pharma & Biotech — 7.5%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 1.3% | Q2 | #24 of 52 |
| 2025 | 4.4% | Q2 | #22 of 51 |
| 2024 | 17.4% | Q3 | #30 of 51 |
| 2023 | 22.0% | Q4 (Bottom) | #46 of 48 |
| 2022 | -12.0% | Q4 (Bottom) | #43 of 43 |