Axis ELSS Tax Saver Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 104.3714   -2.1669(-2.034 %) NAV as on 20 Dec 2024
Prime Rating: 1 
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Fund type:
Equity
AUM (in crores):
₹ 36,373.17
Fund category:
Equity Linked Savings Scheme
Fund manager(s):
Shreyash Devalkar, Ashish Naik
Benchmark:
NIFTY 500 - TRI
Minimum investment:
₹ 500
Launch date:
01 Jan 2013
Min. additional investment:
₹ 500
Expense ratio:
0.8 %
Exit load:
N/A

Scheme Objective: The investment objective of the scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities.


Performance (As on 20 Dec 2024)

6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme2.47 % 21.55 % 10.38 %14.26 % 17.64 %
NIFTY 5000.06 % 18.80 % 15.98 %17.62 % N/A

Portfolio

Top 10 stock holdings
Allocation (%)
HDFC Bank Limited
7.06%
ICICI Bank Limited
4.27%
Torrent Power Limited
4.26%
Tata Consultancy Services Limited
4.01%
Bajaj Finance Limited
3.94%
Bharti Airtel Limited
3.76%
Zomato Limited
2.67%
Divi's Laboratories Limited
2.65%
Infosys Limited
2.52%
Mahindra & Mahindra Limited
2.44%

About this category

Tax-saving funds are equity funds that qualify for deductions under Section 80C of the Income Tax Act. These funds invest in stocks across market capitalisations, shifting allocations based on opportunities. These funds tend to be similar in terms of risk and return to multi-cap funds. While they can be volatile in the short term, holding for longer periods allow them to deliver well. Each investment in a tax-saving fund will be locked in for 3 years. Investments, however, can be held for periods longer than this as well, in order to earn optimal returns.

Suitability

These funds suit investors looking to make tax-saving investments. conservative investors can choose funds with a large-cap orientation. Investments will be locked in for 3 years but should ideally be held for at least 5 years.

Taxation
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