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 #30 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹92.00 (as of 2026-10-01) |
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| AUM | ₹32,592 Cr |
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| Expense ratio | 1.33% |
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| Riskometer | Very High |
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| Fund manager | Ashish Naik |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 4.14% |
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| Sharpe ratio | 0.47 |
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| Standard deviation | 14.52% |
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| Max drawdown | −33.57% |
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| Alpha | 0.59 |
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| Beta | 0.91 |
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Over 5 years, captured 89.7% of Nifty 500's upside and 111.4% of its downside.
Market cap allocation
| Large cap | 69.5% |
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| Mid cap | 22.7% |
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| Small cap | 7.8% |
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Concentration
| Top 5 holdings | 23.5% |
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| Top 10 holdings | 36.9% |
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| Total holdings | 68 |
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| Index overlap | 45.5% |
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| Active share | 54.5% |
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Top holdings
- ICICI Bank Ltd. — 7.0%
- HDFC Bank Ltd. — 5.6%
- Bharti Airtel Ltd. — 4.3%
- Bajaj Finance Limited — 3.4%
- Eternal Limited — 3.2%
- Larsen & Toubro Limited — 2.9%
- Divis Laboratories Ltd. — 2.7%
- AXIS Bank Ltd. — 2.6%
- Pidilite Industries Ltd. — 2.6%
- Mahindra & Mahindra Ltd. — 2.6%
Top sectors
- Banking & Financial — 22.1%
- Automobile — 9.3%
- Pharma & Biotech — 7.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −5.4% | Q3 | #28 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 |