GMP IPO Watch
Equity Scheme - ELSS
Axis ELSS- Tax Saver Fund
Direct Plan · Growth Option · Axis Mutual Fund
Risk: Very High Risk
★★★★★
Morningstar
52W Low ₹96.28 31 Mar 2026
52W High ₹113.38 3 Aug 2026
₹110.5133
NAV as of 4 Nov 2026
+0.80% day change
Other Plans of This Fund
ISININF846K01EW2
Scheme Code120503
StructureOpen Ended Schemes
Fund HouseAxis Asset Management Co. Ltd.
AUM (avg. July - September 2026)₹9,635.8 Cr
Expense Ratio (as of 3 Nov 2026)1.03%
Min. InvestmentRs. 500 and in multiples of Rs. 500
Inception Date17 Dec 2009
BenchmarkNIFTY 500 TRI
Portfolio Turnover31.52%
NFO Period17 Dec 2009 – 21 Dec 2009
Returns
1Y
-0.80%
3Y
+11.61%
5Y
+5.80%
7Y
+11.07%
10Y
+12.48%
Since Inception
+15.51%
Annualised (CAGR) returns for periods over a year.
Want to invest in this fund?
Open a free demat & trading account with Zerodha to invest in direct mutual funds with zero commission.
Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +4.79% | +3.66% | 5 of 51 |
| 1M | +5.44% | +2.01% | 2 of 51 |
| 3M | -2.13% | -4.19% | 11 of 51 |
| 6M | +4.51% | +0.64% | 9 of 51 |
| YTD | -0.03% | -3.56% | 46 of 51 |
| 1Y | -0.80% | -3.78% | 48 of 51 |
| 2Y | +2.68% | -0.72% | 47 of 50 |
| 3Y | +11.61% | +9.36% | 47 of 50 |
| 5Y | +5.80% | +8.11% | 42 of 43 |
| 7Y | +11.07% | +13.01% | 42 of 43 |
| 10Y | +12.48% | +8.61% | 26 of 27 |
| INCEPTION | +15.51% | — | — |
Ranked among: Equity Scheme - ELSS.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +4.18% | +32.09% | -100.00% | 70% | 28% |
| 6M | +8.52% | +46.72% | -26.83% | 73% | 30% |
| 1Y | +18.29% | +89.19% | -18.31% | 82% | 36% |
| 2Y | +16.51% | +55.10% | -5.43% | 95% | 42% |
| 3Y | +15.38% | +35.14% | +1.59% | 100% | 45% |
| 5Y | +14.93% | +29.40% | +3.16% | 100% | 45% |
| 7Y | +14.76% | +22.16% | +10.38% | 100% | 45% |
| 10Y | +14.88% | +19.05% | +11.29% | 100% | 46% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity97.89%
- Debt0.00%
- Cash2.11%
- Other0.00%
Market Cap Split
- Large Cap68.16%
- Mid Cap22.00%
- Small Cap7.73%
- Others2.11%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 27.30 | 24.23 |
| P/B | 4.08 | 3.42 |
| Price / Sales | 4.16 | 3.01 |
| Price / Cash Flow | 21.76 | 18.56 |
| Dividend Yield (%) | 0.93 | 1.15 |
Holdings71
Top 5 Stocks24.13%
Top 10 Stocks37.19%
Top 3 Sectors36.24%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| ICICI Bank | Banks | 6.89% | -0.13% |
| HDFC Bank | Banks | 6.09% | +0.54% |
| Bharti Airtel | Telecom - Services | 4.45% | +0.19% |
| Eternal | Retailing | 3.35% | +0.11% |
| Bajaj Finance | Finance | 3.35% | -0.07% |
| Divis Laboratories | Pharmaceuticals & Biotechnology | 2.74% | +0.03% |
| Axis Bank | Banks | 2.73% | +0.10% |
| Larsen & Toubro | Construction | 2.70% | -0.20% |
| Kotak Bank | Banks | 2.47% | +0.37% |
| Mahindra & Mahindra | Automobiles | 2.42% | -0.15% |
| Pidilite Industries | Chemicals & Petrochemicals | 2.42% | -0.20% |
| UltraTech Cement | Cement & Cement Products | 2.36% | +0.08% |
| State Bank of India | Banks | 2.32% | -0.05% |
| Cholamandalam Investment | Finance | 2.25% | -0.14% |
| Titan | Consumer Durables | 1.88% | -0.05% |
View all 73 holdings
| Tata Consultancy Services | IT - Software | 1.78% | -0.15% |
| Reliance Industries | Petroleum Products | 1.74% | +0.08% |
| Indian Hotels Company | Leisure Services | 1.69% | +0.11% |
| Clearing Corporation of India Ltd | Net Current Assets | 1.66% | — |
| Infosys | IT - Software | 1.65% | -0.10% |
| CG Power & Industrial Solutions | Electrical Equipment | 1.63% | -0.05% |
| Sun Pharmaceutical | Pharmaceuticals & Biotechnology | 1.61% | -0.02% |
| Sona BLW Precision Forgings | Auto Components | 1.56% | +0.14% |
| Interglobe Aviation | Transport Services | 1.46% | +0.10% |
| Apar Industries | Electrical Equipment | 1.33% | +0.07% |
| PI Industries | Fertilizers & Agrochemicals | 1.31% | +0.06% |
| Tata Motors | Agricultural, Commercial & Construction Vehicles | 1.26% | -0.04% |
| Solar Industries | Chemicals & Petrochemicals | 1.26% | +0.07% |
| Vishal Mega Mart | Retailing | 1.22% | -0.02% |
| PB FinTech | Financial Technology (Fintech) | 1.22% | -0.77% |
| Hyundai Motor India | Automobiles | 1.14% | +0.00% |
| Navin Fluorine International | Chemicals & Petrochemicals | 1.13% | +0.03% |
| One 97 Communications | Financial Technology (Fintech) | 1.11% | -0.04% |
| Ather Energy | Automobiles | 1.08% | -0.12% |
| Cummins | Industrial Products | 1.07% | +0.01% |
| Federal Bank | Banks | 1.06% | -0.13% |
| Phoenix Mills | Realty | 1.06% | +0.10% |
| TVS Motors | Automobiles | 1.03% | -0.22% |
| Tata Steel | Ferrous Metals | 0.93% | +0.07% |
| Fortis Healthcare | Equity | 0.86% | -0.08% |
| Indo-MIM | Industrial Manufacturing | 0.85% | +0.30% |
| Anthem Biosciences | Pharmaceuticals & Biotechnology | 0.83% | +0.03% |
| Delhivery | Transport Services | 0.83% | +0.00% |
| HCL Technologies | IT - Software | 0.82% | +0.15% |
| JSW Infrastructure | Transport Infrastructure | 0.80% | +0.10% |
| GE Vernova T&D | Electrical Equipment | 0.76% | +0.01% |
| Mankind Pharma | Pharmaceuticals & Biotechnology | 0.76% | -0.27% |
| Krishna Institute of Medical Sciences | Equity | 0.70% | +0.18% |
| Sundaram Finance | Finance | 0.70% | +0.03% |
| Marico | Agricultural Food & other Products | 0.68% | +0.15% |
| Page Industries | Textiles & Apparels | 0.68% | +0.06% |
| Craftsman Automation | Auto Components | 0.67% | +0.01% |
| Karur Vysya Bank | Banks | 0.66% | -0.10% |
| Persistent Systems | IT - Software | 0.65% | +0.02% |
| Radico Khaitan | Beverages | 0.64% | +0.03% |
| Hindustan Unilever | Diversified FMCG | 0.60% | -0.24% |
| Coromandel International | Fertilizers & Agrochemicals | 0.59% | +0.00% |
| Groww | Capital Markets | 0.54% | +0.01% |
| Swiggy | Retailing | 0.54% | -0.03% |
| Tenneco Clean Air | Auto Components | 0.53% | +0.02% |
| Torrent Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.51% | -0.49% |
| Tata Consumer Products | Agricultural Food & other Products | 0.50% | +0.07% |
| Rubicon Research | Pharmaceuticals & Biotechnology | 0.48% | +0.03% |
| Gland Pharma | Pharmaceuticals & Biotechnology | 0.48% | — |
| DOMS Industries | Household Products | 0.48% | +0.01% |
| Net Receivables / (Payables) | Net Current Assets | 0.45% | — |
| Premier Energies | Electrical Equipment | 0.40% | -0.05% |
| Torrent Power | Power | 0.39% | -0.37% |
| SPR Auto Technologies | Auto Components | 0.36% | +0.03% |
| Dhoot Transmission | Auto Components | 0.33% | +0.09% |
| Aurobindo Pharma | Pharmaceuticals & Biotechnology | 0.24% | — |
| National Stock Exchange of India | Capital Markets | 0.21% | — |
| Dr Reddys Laboratories | Pharmaceuticals & Biotechnology | 0.07% | — |
Sector Allocation · Sep 2026
View all 32 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 14.51 | 15.31 | Low Volatility |
| 3Y | 13.44 | 15.06 | Low Volatility |
| 5Y | 14.28 | 14.95 | Low Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.45 | -0.64 | Above Average |
| 3Y | 0.38 | 0.25 | Above Average |
| 5Y | 0.05 | 0.20 | Below Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.02 | -0.25 | Above Average |
| 3Y | 1.27 | 0.95 | Above Average |
| 5Y | 0.65 | 0.83 | Below Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Beta
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.01 | 0.97 | Poor Risk Adjusted Returns |
| 3Y | 0.92 | 0.96 | Good Risk Adjusted Returns |
| 5Y | 0.97 | 0.95 | Poor Risk Adjusted Returns |
What is this?
This value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Quant ELSS Tax Saver Fund
Regular Plan · IDCW Option
|
+7.29% | +14.05% | +12.86% | +6.96% |
|
BANK OF INDIA MID CAP TAX FUND SERIES 1
Direct Plan · IDCW
|
+5.64% | +14.68% | +11.35% | +13.71% |
|
JM ELSS - Tax Saver Fund
Regular Plan · IDCW Option
|
+1.79% | +14.74% | +11.28% | +8.95% |
|
BANK OF INDIA MID CAP TAX FUND Series 2
Direct Plan · IDCW
|
+1.69% | +13.49% | +10.51% | +17.18% |
|
WhiteOak Capital ELSS Tax Saver Fund
Direct Plan · IDCW Option
|
+0.68% | +16.26% | — | +16.99% |
|
HSBC ELSS Tax saver Fund
Regular Plan · Growth
|
+0.17% | +15.10% | — | +14.46% |
|
BANK OF INDIA ELSS TAX SAVER FUND
Regular Plan · IDCW
|
-0.32% | +11.18% | +9.76% | +6.87% |
|
Kotak ELSS Tax Saver Fund
Regular Plan · Payout of Income Distribution cum capital withdrawal option
|
-0.70% | +10.74% | +10.15% | +5.94% |
|
Sundaram Long Term Tax Advantage Fund Series III
Regular plan · Growth
|
-0.77% | +9.49% | +13.59% | +13.22% |
|
Edelweiss ELSS Tax Saver Fund
Regular Plan · Growth
|
-0.97% | +12.17% | +9.28% | +14.54% |
More From Axis Asset Management Co. Ltd.
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
| Axis Silver ETF | +26.40% | +35.94% | — | +33.11% |
|
Axis Silver Fund of Fund
Direct Plan · Growth Option
|
+25.78% | +35.80% | — | +33.62% |
|
Axis Gold Fund
Direct Plan · Growth option
|
+16.88% | +30.78% | +23.12% | +10.32% |
| Axis Gold ETF | +16.64% | +30.81% | +23.30% | +11.67% |
|
Axis NASDAQ 100 US Specific Equity Passive FOF
Direct Plan · IDCW Option
|
+15.62% | +27.97% | — | +30.61% |
| Axis NIFTY Healthcare ETF | +13.26% | +21.08% | +14.40% | +13.81% |
|
Axis Global Equity Alpha Fund of Fund
Direct Plan · Growth Option
|
+13.25% | +22.73% | +13.92% | +16.86% |
|
Axis India Manufacturing Fund
Direct Plan · IDCW Option
|
+13.04% | — | — | +18.81% |
|
Axis Global Innovation Fund of Fund
Direct Plan · IDCW Option
|
+9.94% | +22.97% | +11.52% | +12.36% |
|
Axis Innovation Fund
Direct Plan · Growth Option
|
+9.66% | +17.73% | +10.46% | +14.81% |
About This Scheme
Investment 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. However, there can be no assurance that the investment of the scheme will be achieved.
Stated Asset Allocation
Equity and equity- related Securities - (80%-100%), Debt and money market instruments - (0%-20%)
Exit Load
Nil
Fund Managers
Mr. Shreyash Devalkar Mr. Ashish Naik
Mr. Ashish Naik - Comanage/Domestic Equities, Mr. Shreyash Devalkar - Comanage/Domestic Equities
Official Documents
Scheme Information Document (PDF)
Scheme Summary (PDF)
Scheme Summary (XLS)
Axis Asset Management Co. Ltd. website
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.