Axis ELSS Tax Saver Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 101.7146   0.6665(0.66 %) NAV as on 14 Jun 2024
Prime Rating: 1 
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Fund type:
Equity
AUM (in crores):
₹ 34,895.64
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 14 Jun 2024)

6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme17.02 % 30.46 % 11.96 %15.76 % 18.24 %
NIFTY 50017.08 % 38.01 % 17.88 %18.08 % N/A

Portfolio

Top 10 stock holdings
Allocation (%)
HDFC Bank Limited
5.96%
Tata Consultancy Services Limited
5.75%
Torrent Power Limited
5.64%
Avenue Supermarts Limited
5.03%
Bajaj Finance Limited
5.02%
Divi's Laboratories Limited
3.21%
Pidilite Industries Limited
3.09%
Nestle India Limited
3.02%
Cholamandalam Investment and Finance Company Ltd
2.98%
Mahindra & Mahindra Limited
2.91%

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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