Axis ELSS Tax Saver Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 90.5233   0.5956(0.662 %) NAV as on 22 Feb 2024
Prime Rating: 1 
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Fund type:
Equity
AUM (in crores):
₹ 33,526.42
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 22 Feb 2024)

6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme16.63 % 31.34 % 10.67 %15.67 % 17.56 %
NIFTY 50019.99 % 37.97 % 18.43 %17.85 % N/A

Portfolio

Top 10 stock holdings
Allocation (%)
Tata Consultancy Services Limited
7.06%
Bajaj Finance Limited
6.33%
Torrent Power Limited
6.08%
Avenue Supermarts Limited
5.55%
Nestle India Limited
5.13%
Info Edge (India) Limited
4.76%
HDFC Bank Limited
4.5%
Divi's Laboratories Limited
3.96%
Pidilite Industries Limited
3.86%
Cholamandalam Investment and Finance Company Ltd
3.75%

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

Short-term: Holding period is less than 12 months.

Taxation: Capital gains are taxed at 15%


Long-term: Holding period is 12 months or more.

Taxation: Capital gains up to Rs 100,000 each financial year is tax-exempt. Remaining capital gains is taxed at 10%. For investments made on or before January 31st, 2018: Capital gain up to this date is tax-free.

How are mutual funds taxed?

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