Axis ELSS Tax Saver Direct Plan-IDCW
(Scheme Rating)
NAV as of Aug 29, 2024
59.340.06%
(Earn upto 0.73% Extra Returns with Direct Plan)
Fund Category:
Equity: ELSS
Expense Ratio:
0.79%(0.84% Category
average)Fund Size:
Rs. 38,278.40 Cr(15.36% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Axis ELSS Tax Saver Direct Plan-IDCW
(Scheme Rating)
NAV as of Aug 29, 2024
59.340.06%
Expense Ratio:
0.79%
Fund Size:
Rs. 38,278.40 Cr
Fund Category:
Equity: ELSS
1. Current NAV: The Current Net Asset Value of the Axis ELSS Tax Saver Fund - Direct Plan as of Aug 29, 2024 is Rs 59.34 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 38.33% (1yr), 10.98% (3yr), 17.72% (5yr) and 18.41% (since launch). Whereas, Category returns for the same time duration are: 41.97% (1yr), 19.87% (3yr) and 22.5% (5yr).
3. Fund Size: The Axis ELSS Tax Saver Fund - Direct Plan currently holds Assets under Management worth of Rs 38278.4 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.79% for Direct plan as on Aug 23, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 500.
Axis ELSS Tax Saver Direct Plan-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.62 11.88 19.86 37.49 11.00 17.90 Category Avg 1.30 11.83 18.95 41.43 19.81 22.64 Rank within Category 20 23 17 30 33 31 No. of funds within Category 38 38 38 38 33 32 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY 500 Total Return Index
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Axis ELSS Tax Saver Direct Plan-IDCW Fund Details
Investment Objective - 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 House | Axis Mutual Fund |
Launch Date | Jan 01, 2013 |
Benchmark | NIFTY 500 Total Return Index |
Return Since Launch | 18.41% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | High |
Return Grade | Low |
Axis ELSS Tax Saver Direct Plan-IDCW Investment Details
Minimum Investment (Rs.) | 500.00 |
Minimum Additional Investment (Rs.) | 500.00 |
Minimum SIP Investment (Rs.) | 500.00 |
Minimum Withdrawal (Rs.) | 500.00 |
Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
JUL 2024 | JUN 2024 | MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | |
---|---|---|---|---|---|---|
Number of Holdings | 89 | 75 | 70 | 57 | 57 | 53 |
Top 5 Company Holdings | 24.43% | 27.67% | 27.4% | 28.48% | 28.99% | 29.23% |
Top 10 Company Holdings | 39.11% | 42.62% | 42.61% | 46.0% | 46.17% | 48.46% |
Company with Highest Exposure | Torrent Power (5.92%) | HDFC Bank (6.64%) | HDFC Bank (5.96%) | Torrent Power (7.14%) | Torrent Power (6.62%) | Tata Consultancy (7.37%) |
Number of Sectors | 16 | 16 | 16 | 15 | 14 | 14 |
Top 3 Sector Holdings | 45.17% | 46.63% | 44.54% | 46.85% | 46.82% | 47.7% |
Top 5 Sector Holdings | 62.1% | 64.14% | 62.15% | 64.05% | 64.06% | 64.77% |
Sector with Highest Exposure | Financial (23.45%) | Financial (25.1%) | Financial (23.42%) | Financial (22.81%) | Financial (23.78%) | Financial (23.28%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Torrent Power Energy 5.92 36.62 47.61 149.25 HDFC Bank Financial 5.89 18.27 89.60 3.03 Bajaj Finance Financial 4.56 29.86 241.14 -3.15 Tata Consultancy Technology 4.49 35.15 129.55 33.64 Avenue Supermarts Services 3.57 120.94 40.74 36.69 Divi's Laboratories Healthcare 3.16 80.78 63.06 37.06 Bharti Airtel Communication 2.96 96.53 16.46 83.10 Mahindra & Mahindra Automobile 2.93 31.59 88.80 76.67 ICICI Bank Financial 2.82 18.65 65.91 26.26 Cholamandalam Investment and Finance Company Financial 2.81 33.44 43.53 32.44
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Axis ELSS Tax Saver Direct Plan-IDCW 59.34 38,278.40 1.46 38.92 10.21 17.92 SBI Long Term Equity Fund Direct Plan-IDCW 118.55 27,527.24 0.81 58.58 28.57 28.52 Bank of India ELSS Tax Saver Fund Direct-IDCW 80.45 1,484.56 -0.41 55.46 22.37 30.67 Quant ELSS Tax Saver Fund Direct-IDCW 59.72 11,065.42 -1.43 52.37 27.49 38.18 Kotak ELSS Tax Saver Fund Direct-IDCW 57.48 6,334.74 -0.84 40.48 21.29 24.73
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
15.96VS13.16Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
1.07VS0.89Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
0.50VS1.19Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
7.51VS17.53Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
-7.55VS2.46Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
13.55VS21.05Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Axis Mutual Fund News
Fund Manager
- S.D.Shreyash DevalkarSince Aug 20237 schemes
- A.N.Ashish NaikSince Aug 20239 schemes
Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University 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.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Growth Opportunities Fund Direct-IDCW Large & MidCap 27.64 13,883.28 43.64 Axis Midcap Direct Plan-IDCW Mid Cap 59.99 30,854.63 47.03 Axis Bluechip Fund Direct Plan-IDCW Large Cap 28.68 35,013.27 34.41 Axis India Manufacturing Fund Direct-IDCW Thematic 14.58 Unrated 6,310.79 - Axis ESG Integration Strategy Fund Direct-IDCW Thematic-ESG 18.51 Unrated 1,436.61 38.61 Axis Multicap Fund Direct-IDCW Multi Cap 18.46 Unrated 6,290.99 56.00 Axis Equity ETFs FoF Direct-IDCW Flexi Cap 16.56 Unrated 22.54 40.05 Mr. Naik is a B.E from Mumbai University and MBA from XLRI, Jamshedpur. 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.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Balanced Advantage Fund Direct-IDCW Dynamic Asset Allocation 15.15 2,466.12 31.78 Axis Nifty 100 Index Fund Direct-IDCW Large Cap 23.12 1,650.89 36.71 Axis Bluechip Fund Direct Plan-IDCW Large Cap 28.68 35,013.27 34.41 Axis Equity Hybrid Fund Direct-IDCW Aggressive Hybrid 15.84 1,682.75 28.63 Axis Nifty Bank Index Fund Direct-IDCW Sectoral-Banking 10.47 Unrated 123.11 - Axis BSE Sensex Index Fund Direct-IDCW Large Cap 11.33 Unrated 44.94 - Axis Business Cycles Fund Direct-IDCW Thematic 16.96 Unrated 2,919.99 41.53 Axis Quant Fund Direct-IDCW Thematic 18.27 Unrated 1,166.82 42.18 Axis Innovation Fund Direct-IDCW Thematic 19.35 Unrated 1,277.08 39.31
More Axis Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Axis Liquid Direct Fund-Growth | 36,518.03 | 0.61 | 1.88 | 3.78 | 7.38 | 5.81 | |
Axis ELSS Tax Saver Direct Plan-Growth | 34,895.64 | 5.88 | 12.94 | 16.49 | 28.53 | 12.29 | |
Axis Bluechip Fund Direct Plan-Growth | 32,707.97 | 5.07 | 9.84 | 14.88 | 29.15 | 12.76 | |
Axis Midcap Direct Plan-Growth | 27,747.62 | 9.28 | 24.82 | 28.54 | 47.94 | 23.49 | |
Axis Small Cap Fund Direct-Growth | 20,504.37 | 7.47 | 19.86 | 18.00 | 40.03 | 27.49 | |
Axis Banking & PSU Debt Direct Plan-Growth | 13,660.32 | 0.59 | 1.79 | 3.66 | 6.78 | 5.48 | |
Axis Focused Direct Plan-Growth | 13,341.11 | 6.47 | 11.45 | 14.90 | 25.08 | 9.58 | |
Axis Growth Opportunities Fund Direct-Growth | 12,424.49 | 8.81 | 15.61 | 23.14 | 39.92 | 21.13 | |
Axis Flexi Cap Fund Direct-Growth | 12,011.72 | 7.54 | 17.00 | 19.90 | 35.02 | 15.80 | |
Axis Overnight Fund Direct-Growth | 9,383.44 | 0.56 | 1.67 | 3.37 | 6.84 | 5.45 |
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1. Axis ELSS Tax Saver Fund - Direct Plan is Open-ended ELSS Equity scheme which belongs to Axis Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " 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. "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 97.84% in equities, 0.55% in debts and 1.61% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 39.11% of the assets, the top 3 sectors constitute around 45.17% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Axis ELSS Tax Saver Direct Plan-IDCW
1. Short-term Capital Gain Tax - STCG is not applicable on ELSS schemes since these have a lock-in period of 3 years.
2. Investment into ELSS schemes qualify for tax deduction under Section 80C of the Indian Income Tax Act.
3. Gains of more than Rs. 1 lakh after completion of 3 years will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about Axis ELSS Tax Saver Direct Plan-IDCW
- Is it safe to invest in Axis ELSS Tax Saver Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Axis ELSS Tax Saver Fund - Direct Plan comes under Very High risk category.
- What is the category of Axis ELSS Tax Saver Fund - Direct Plan?Axis ELSS Tax Saver Fund - Direct Plan belongs to the Equity : ELSS category of funds.
- How Long should I Invest in Axis ELSS Tax Saver Fund - Direct Plan?The suggested investment horizon of investing into Axis ELSS Tax Saver Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Axis ELSS Tax Saver Fund - Direct Plan?The Axis ELSS Tax Saver Fund - Direct Plan is managed by Shreyash Devalkar (Since Aug 04, 2023) and Ashish Naik (Since Aug 03, 2023).
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