EquityELSSRegularIDCWVery High

Axis ELSS- Tax Saver Fund

Q: What is the NAV of Axis ELSS- Tax Saver Fund?

As of 05 Oct 2026, the NAV of Axis ELSS- Tax Saver Fund is ₹22.64 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Axis ELSS- Tax Saver Fund delivered?

Axis ELSS- Tax Saver Fund has returned -11.36% over 1 year, -0.39% per year over 3 years, -5.20% per year over 5 years and +4.99% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Axis ELSS- Tax Saver Fund?

Axis ELSS- Tax Saver Fund charges an expense ratio of 1.76% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Axis ELSS- Tax Saver Fund?

Axis ELSS- Tax Saver Fund's largest holdings are ICICI Bank Limited (7.0%), HDFC Bank Limited (5.5%), Bharti Airtel Limited (4.3%), Bajaj Finance Limited (3.4%) and Eternal Limited (3.2%). Holdings are disclosed monthly and change over time.

Q: How risky is Axis ELSS- Tax Saver Fund?

Axis ELSS- Tax Saver Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.8% and its worst peak-to-trough fall in our sample was -41.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.44 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis ELSS- Tax Saver Fund's -0.44 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Axis ELSS- Tax Saver Fund?

Axis ELSS- Tax Saver Fund is benchmarked against the NIFTY 500 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Axis ELSS- Tax Saver Fund?

Axis ELSS- Tax Saver Fund is managed by Ashish Naik and Shreyash Devalkar at Axis.

Q: How is Axis ELSS- Tax Saver Fund taxed?

Axis ELSS- Tax Saver Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Axis Mutual Fund · Best ELSS (Tax Saving) Mutual Funds

NAV

₹22.64

+0.50% 1D

as of 05 Oct 2026

This is the Regular plan of Axis ELSS- Tax Saver Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns (+8.54% 3Y CAGR)

Performance

-12.05%absolute

52-week rangePrev NAV ₹22.53

Latest ₹22.64

Low ₹20.7732nd percentile of its 52-week rangeHigh ₹26.55

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Equity funds (same plan and option) to rank against yet.

Performance—

Not enough ELSS peers to rank yet

Risk—

Volatility 15.8% (no category average yet)

Cost—

1.8% expense (no category average yet)

ConsistencyModerate

81% of rolling 3Y windows were positive

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.76%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

27.43

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.44

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

3 yrs

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹500

NIFTY 500 TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

31 Dec 2009

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-5.68%

Absolute return over the last 3 months (not annualized)

-3.86%

Absolute return over the last 6 months (not annualized)

+7.62%

Absolute return since 1 Jan of this year (not annualized)

-12.95%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-11.36%

3-year annualized return (CAGR)

-0.39%

5-year annualized return (CAGR)

-5.20%

10-year annualized return (CAGR)

+0.25%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+4.99%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

15.80%

Excess return per unit of total volatility (rf = 6.5%)

-0.44

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.54

Largest peak-to-trough decline over full history

-41.83%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

-8.97%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.99

How much of the fund's movement Nifty 500 TRI explains

71.5%

Excess return per unit of beta (market risk)

-6.73

Active return over the benchmark per unit of tracking error

-1.00

Annualized std dev of fund-minus-benchmark returns

9.89%

Fund's share of benchmark gains in up months (100 = matches index)

83.3%

Fund's share of benchmark losses in down months (lower is better)

131.7%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (ELSS)

Period	Fund	Category avg.	Diff
1M abs	-5.68%	—	—
3M abs	-3.86%	—	—
6M abs	+7.62%	—	—
1Y CAGR	-11.36%	—	—
3Y CAGR	-0.39%	—	—
5Y CAGR	-5.20%	—	—

Category average across peers in ELSS, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹5.61L

Absolute

-6.48%

XIRR

-2.72%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Axis ELSS- Tax Saver Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	-12.95%	-6.20%	-6.75%
2025	-4.14%	+7.94%	-12.08%
2024	+7.88%	+16.43%	-8.55%
2023	+9.71%	+27.43%	-17.72%
2022	-19.72%	+4.34%	-24.06%
2021	+13.56%	+31.59%	-18.03%
2020	+9.64%	+18.33%	-8.69%
2019	+2.48%	+8.95%	-6.47%
2018	-8.46%	-2.33%	-6.13%
2017	+22.96%	+37.35%	-14.39%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

4,137

Expense ratio

1.76%

AUM

₹32,144Cr

Portfolio turnover

45%

Exit load

Nil

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

27.4

P/B ratio

5.8

Avg market cap

₹4,08,492Cr

P/E & P/B are portfolio-weighted harmonic means across 60 of 68 equity holdings (92% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · ELSS

Compare all


Axis ELSS- Tax Saver FundThis fund Axis · Regular · IDCW	—	-11.36%	-0.39%	-5.20%	—	1.76%	₹32,144Cr
SBI Long Term Advantage Fund - Series V SBI · Regular · IDCW	—	-1.21%	+19.11%	+13.79%	—	1.37%	₹375.86Cr
Bank of India Mid Cap Tax Fund Series 1 Bank of India · Regular · IDCW	—	+8.41%	+14.33%	+10.89%	—	1.38%	₹66.14Cr
JM ELSS - Tax Saver Fund JM Financial · Regular · IDCW	—	+3.76%	+14.32%	+11.79%	—	2.68%	₹243.19Cr
Quant ELSS Tax Saver Fund quant · Regular · IDCW	—	+8.06%	+13.55%	+12.76%	—	2.16%	₹13,377Cr
Bank of India Mid Cap Tax Fund Series 2 Bank of India · Regular · IDCW	—	+4.25%	+13.32%	+10.02%	—	1.41%	—

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap71.0%
Mid cap24.1%
Small cap4.9%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.16%
Cash & Equivalents1.79%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Axis Large Cap Fund Axis · Large Cap Fund	64.5%!	★★★☆☆	0.92%	+7.76%
Canara Robeco Flexi Cap Fund Canara Robeco · Flexi Cap Fund	62.5%!	★★★☆☆	0.69%	+10.64%
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	61.5%!	★★★★☆	0.63%	+9.16%
PGIM India Large Cap Fund PGIM India · Large Cap Fund	58.2%!	★☆☆☆☆	1.09%	+6.85%
Axis Multi Asset Allocation Fund Axis · Multi Asset Allocation	58.0% of 70% equity	★★☆☆☆	1.20%	+13.23%
Axis Retirement Fund - Aggressive Axis · Retirement Fund	56.2% of 75% equity	★★★☆☆	1.26%	+9.96%
Canara Robeco ELSS - Tax Saver Fund Canara Robeco · ELSS	55.1%	★★★☆☆	0.70%	+10.61%
Groww ELSS Tax Saver Fund Groww · ELSS	54.7%	★☆☆☆☆	1.52%	+7.98%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

2 holdings — 2.44% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I1.99%
Rubicon Research LimitedLong-term · Stage I0.45%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-41.8%19 Jan 2018 → 23 Mar 2020
Fell over 2.2 years, back to the old high on 04 Jan 2021 — 9 months under water after the low.
-38.8%14 Oct 2021 → 28 Mar 2023
Still below that high — 17 months down, and no recovery yet.
-27.0%22 Jan 2015 → 25 Feb 2016
Fell over 13 months, back to the old high on 19 Dec 2017 — 1.8 years under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹32,144Cr

July - September 2026

-1%

since January - March 2026

−₹1,575Cr

est. net flow, last quarter

At or near its largest, ₹32,588Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Axis Mutual Fund is run by Axis Asset Management, majority-owned by Axis Bank with the UK's Schroders holding the minority stake. It launched its first scheme in 2009 and grew quickly on a growth-oriented, quality-biased equity style.

Launched

03 Sep 2009

Total AUM

₹3,82,966Cr+3.8% QoQ

Avg AUM · July - September 2026

Website

axismf.com

Fund Managers

ANAshish NaikStart date not disclosed

Role

Fund Manager

Education

(Mumbai University), PGDBM (XLRI), Management FRM (GARP)

Experience

22 years, his last 10 • Equity Analyst - Axis Asset Management Company Ltd. (August 2009 to June 21, 2016) 27 • Business Analyst - Goldman Sachs India Securities Ltd. (April 2007 to July 2009) Software Engineer - Hexaware Technologies Ltd. (August 2003 to May 2005)

Funds managed (15)

All schemes Ashish Naik runs →

SDShreyash DevalkarStart date not disclosed

Role

Head – Equity

Education

Bachelor in Chemical Masters in Management Studies

Experience

Asset August 04, 2023 – Management till date Company Ltd. (Head Equity) Axis Asset Nov. 16, Management 2016 to August 03, Company Ltd. 2023 (Senior Fund Manager - Equity) BNP Paribas Jan. 17, Asset Management 2011 to India Pvt. Ltd. Nov. 15, (Fund Manager) 2016 IDFC Asset July 24, Management 2008 to Company Ltd. Jan. 14, (Vice President - 2011 Research) IDFC Securities Sept. 07, Ltd. (Research 2005 to July Analyst) 23, 2008

Funds managed (6)

All schemes Shreyash Devalkar runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Ashish Naik Shreyash Devalkar

Top holdings

ICICI Bank Limited HDFC Bank Limited Bharti Airtel Limited Bajaj Finance Limited Eternal Limited Larsen & Toubro Limited Divi's Laboratories Limited Axis Bank Limited Pidilite Industries Limited Mahindra & Mahindra Limited Cholamandalam Investment and Finance Company Ltd State Bank of India

Axis in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About ELSS (tax-saving) funds

ELSS funds are equity funds that qualify for a Section 80C deduction (up to ₹1.5 lakh a year) under the old tax regime. They carry a 3-year lock-in — the shortest of any 80C option.

Frequently asked questions

What is the NAV of Axis ELSS- Tax Saver Fund?

As of 05 Oct 2026, the NAV of Axis ELSS- Tax Saver Fund is ₹22.64 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Axis ELSS- Tax Saver Fund delivered?

Axis ELSS- Tax Saver Fund has returned -11.36% over 1 year, -0.39% per year over 3 years, -5.20% per year over 5 years and +4.99% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Axis ELSS- Tax Saver Fund?

Axis ELSS- Tax Saver Fund charges an expense ratio of 1.76% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Axis ELSS- Tax Saver Fund?

Axis ELSS- Tax Saver Fund's largest holdings are ICICI Bank Limited (7.0%), HDFC Bank Limited (5.5%), Bharti Airtel Limited (4.3%), Bajaj Finance Limited (3.4%) and Eternal Limited (3.2%). Holdings are disclosed monthly and change over time.

How risky is Axis ELSS- Tax Saver Fund?

Axis ELSS- Tax Saver Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.8% and its worst peak-to-trough fall in our sample was -41.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -0.44 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis ELSS- Tax Saver Fund's -0.44 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Axis ELSS- Tax Saver Fund?

Axis ELSS- Tax Saver Fund is benchmarked against the NIFTY 500 TRI. Its alpha and beta on this page are measured against that index.

Who manages Axis ELSS- Tax Saver Fund?

Axis ELSS- Tax Saver Fund is managed by Ashish Naik and Shreyash Devalkar at Axis.

How is Axis ELSS- Tax Saver Fund taxed?

Axis ELSS- Tax Saver Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.