Overview
Axis ELSS Tax Saver Direct Plan Growth
Axis Mutual 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.
Investments in Axis ELSS Tax Saver Direct Plan Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 104.8758
Fund Size (AUM)
₹34176.5 Cr
Risk
Very High (Risk rating: 6/10)
Minimum Investment
Lumpsum: ₹ 500
SIP: ₹500
Launch Date
01-Jan-2013
Expense Ratio
0.81%
Exit Load
Nil
Benchmark
NIFTY 500 Total Return Index
Standard Deviation
16.24
History
Performance & Ratios
1-Year SIP Return
-11.78%
3-Year SIP Return
10.6%
5-Year SIP Return
11.55%
Mean Return
15.56%
Alpha
-2.88
Beta
1.0
Sharpe Ratio
0.31
Sortino Ratio
0.55
Information Ratio
-0.44
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 10.29% | 11.58% | 19.59% | 20.38% |
| Category Average | 8.98% | 15.47% | 24.59% | N/A |
| Rank Within Category | 25 | 33 | 31 | N/A |
Holdings (83)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 8.37% |
| ICICI Bank Ltd. | Financial | Equity | 5.44% |
| Bajaj Finance Ltd. | Financial | Equity | 4.76% |
| Bharti Airtel Ltd. | Communication | Equity | 4.18% |
| Torrent Power Ltd. | Energy | Equity | 3.49% |
| Tata Consultancy Services Ltd. | Technology | Equity | 3.45% |
| Infosys Ltd. | Technology | Equity | 2.84% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 2.41% |
| Mahindra & Mahindra Ltd. | Automobile | Equity | 2.32% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | Equity | 2.26% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| SBI Long Term Equity Fund Direct Plan Growth | 27730.33 | 10.73 | 23.93 | 0.95 | N/A |
| Motilal Oswal ELSS Tax Saver Fund Direct Growth | 3816.77 | 12.31 | 23.88 | 0.7 | N/A |
| HDFC ELSS Tax Saver Fund Direct Plan Growth | 15555.71 | 17.21 | 22.66 | 1.11 | N/A |
| Parag Parikh ELSS Tax Saver Fund Direct Growth | 4905.72 | 16.5 | 18.89 | 0.63 | N/A |
| Quantum ELSS Tax Saver Fund Direct Growth | 209.18 | 13.07 | 18.26 | 0.89 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 500
Multiplier: 500
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: 1, 7, 10, 15, 25
Min Amount: ₹ 1000
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 5, 10, 15, 25
Min Amount: ₹ 500
Min Installments: 6
AMC Details
Asset Management Company
Axis Mutual Fund
Axis Mutual Fund started their mutual fund on 04/09/2009 and its managing total assets of ₹69,145 Cr. Its ranked at 10 as per total assets at end of 30th Sep 2017. Axis Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Axis mutual fund was established in October 2009 and since then it has made a mark in the mutual fund industry. Axis mutual fund claims that the reason for it to reach the peak of success is because of the three principles they follow strictly, which is, long-term wealth creation, customer's view and long-term relationship.
Axis Mutual Fund houses more than 50 schemes, it has over 20 lac investors investing with them and is present in over 90 cities.Their main motto is to take any fund decision keeping a customer centric approach in mind. The AMC commits to keep investors at the heart of every decision.
They also believe in leveraging the equity of the brand 'Axis' and aim at building a relationship with stakeholders. Axis wants its investors to think long-term when it comes to mutual fund investing and they want their investors to optimize their money through mutual funds.
Launch Date
2009-09-04T00:00:00.612Z
Total AUM
₹ 305435.43 Cr
Address
23rd Floor, One Lodha Place,S. B. Road, Lower Parel. Mumbai 400013
Phone
022-24255161
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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Axis ELSS Tax Saver Direct Plan Growth
Axis Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Axis ELSS Tax Saver Direct Plan Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Axis ELSS Tax Saver Direct Plan Growth?
The top stocks held by Axis ELSS Tax Saver Direct Plan Growth include HDFC Bank Ltd., ICICI Bank Ltd., Bajaj Finance Ltd..
Which industries does Axis ELSS Tax Saver Direct Plan Growth invest in?
Axis ELSS Tax Saver Direct Plan Growth primarily invests in the following industries: Financial, Communication, Energy.
Who are the fund managers of Axis ELSS Tax Saver Direct Plan Growth?
The fund managers of Axis ELSS Tax Saver Direct Plan Growth are Shreyash Devalkar and Ashish Naik.
How many years has the fund manager been managing Axis ELSS Tax Saver Direct Plan Growth?
Shreyash Devalkar:
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Ashish Naik:
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What is the minimum investment for Axis ELSS Tax Saver Direct Plan Growth?
The minimum investment for Axis ELSS Tax Saver Direct Plan Growth is ₹500 for lumpsum investments and ₹500 for SIPs.
What are the average 1-year returns for Axis ELSS Tax Saver Direct Plan Growth?
Calculating...
What are the average 3-year returns for Axis ELSS Tax Saver Direct Plan Growth?
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What is the expense ratio of Axis ELSS Tax Saver Direct Plan Growth, and how does it compare to its category?
The expense ratio of Axis ELSS Tax Saver Direct Plan Growth is 0.81%. The average expense ratio for similar funds in the Equity is Calculating....