Axis ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 22-11-2024
₹ 104.02
1D
Inception Returns
17.6%
/yr
About Axis ELSS Tax Saver Fund Direct Growth
Axis Long Term Equity Fund Direct Plan is a special type of mutual fund that allows investors to invest in the equity market of India without any market capitalization restriction but also provides tax benefits.It is an equity-linked savings scheme (ELSS) which means that an investor can claim tax benefits under Section 80C of the Income Tax Act, 1961 of up to Rs 1.5 lakh if invested in the fund. If you invest a maximum of Rs. 1.5 Lakh in this fund in a financial year, you can claim a maximum of Rs. 46,500* tax benefits.It is a pure equity fund that invests primarily in equity shares of companies with a proven track record and strong earnings potential.Investors can invest in the direct plan (low cost, zero commission) through either lumpsum or SIP mode. ELSS funds are a type of mutual fund which provide the benefit of capital generation through equity exposure as well as benefit of tax savings.
Key Parameters
- Axis ELSS Tax Saver Fund Direct Growth has ₹36533 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.8.
Returns
Axis ELSS Tax Saver Fund Direct Growth has given a CAGR return of 17.61% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 24.59%, 6.70% and 14.57% respectively.
Holdings
Axis ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Health, Industrial, Basic Materials, Tech, Consumer Defensive, Utilities, Communication, Real Estate, Energy. Its top holdings are HDFC Bank Ltd, Torrent Power Ltd, Bajaj Finance Ltd, ICICI Bank Ltd, Tata Consultancy Services Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Axis ELSS Tax Saver Fund Direct Growth
To generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Axis ELSS Tax Saver Fund Direct Growth of 3 Years
Historical NAV & Returns
INDmoney Rank for Axis ELSS Tax Saver Fund Direct Growth
Axis ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.79% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹36533 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 28.91% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Oct-24)
- This fund’s returns stands at -6.33% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 0.19% in Oct'24
- AUM of the fund stands at 39.3K Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial
Mutual Fund Insights
Axis ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹36533 Cr
Expense Ratio 0.79%
Frequently Asked Questions for Axis ELSS Tax Saver Fund Direct Growth
Axis ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.07% | -5.07% |
6 Month Returns | 6.18% | 6.18% |
1 Year Returns | 24.59% | 24.59% |
3 Years Returns | 21.49% | 6.7% |
5 Years Returns | 97.42% | 14.57% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis ELSS Tax Saver Fund Direct Growth | 1.04 | -6.61 | -3.44 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis ELSS Tax Saver Fund Direct Growth | 0.88 | 1.03 | 0.93 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis ELSS Tax Saver Fund Direct Growth | 1.71 | 0.21 | 0.54 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis ELSS Tax Saver Fund Direct Growth | 13.63 | 15.77 | 19.14 |