Fundalysisby DARKHORSESTOCKS

Scheme

Axis ELSS Tax Saver Fund

Holds 71 companies worth ₹29,630 Cr in Sept 2026.

  • Fund house

    AxisThe fund house that runs this scheme.

  • AUM

    ₹30,352 CrAxis ELSS Tax Saver Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.8% on Aug 2026, ₹32,582 Cr.

  • Largest holding

    ICICI BankICICI Bank is 6.9% of this scheme's NAV.

  • Fund manager

    Ashish NaikRuns its co-manager part since 3 Aug 2023, as the fund house dates it. With Shreyash Devalkar (co-manager).

Overview(28 Sept 2026)

Fund managers2

  1. Ashish NaikCo-manager, equity · Aug 2023 · 15y · FRM PGDM B.E.
  2. Shreyash DevalkarCo-manager, equity · Aug 2023 · 19y · MMS B.E.

    Key facts

    Benchmark
    NIFTY 500 TRI
    Risk
    Very High
    Expense
    Regular 1.77% · Direct 1.06%
    Exit load
    Nil
    Started
    29 Dec 2009
    Minimum
    ₹500

    Source.Its Scheme Summary Document as of 28 Sept 2026 at AMFI.

    What changed(17 changes)

    Sept 2026

    3 changes
    1. Renamed
      28 SeptAxis ELSS Tax Saver Fund → Axis ELSS- Tax Saver Fund
    2. Category
      28 SeptELSS → ELSS- Tax Saver Fund
    3. Expense ratio
      10 SeptRegular 2.2% → 1.77%Direct 1.51% → 1.06%

    May 2026

    1 change
    1. Expense ratio
      17 MayRegular 1.54% → 2.2%Direct 0.81% → 1.51%

    Dec 2025

    1 change
    1. Expense ratio
      17 DecRegular 1.53% → 1.54%

    Source.Its filings at NSE, since Aug 2024.

    Fund managers over time(Aug 2023 – now)

    1. Ashish Naik
    2. Shreyash Devalkar
    MainCoSlice202420252026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Aug 2024 – Sept 2026)

    Every change to the expense ratio, newest first.
    16 changesRegularDirectΔ pt
    10 Sept 20261.77%1.06%0.45
    17 May 20262.20%1.51%0.70
    17 Dec 20251.54%0.81%0
    26 Sept 20251.53%0.81%0.01
    7 May 20251.53%0.80%0.01
    9 Apr 20251.54%0.81%0.04
    25 Mar 20251.53%0.77%0.06
    6 Mar 20251.55%0.83%0.02
    25 Feb 20251.54%0.81%0.01
    10 Feb 20251.53%0.80%0.01
    29 Jan 20251.54%0.81%0.01
    16 Jan 20251.53%0.80%0.01
    12 Nov 20241.52%0.79%0.01
    16 Oct 20241.51%0.78%0.01
    23 Sept 20241.50%0.77%0.02
    21 Aug 20241.52%0.79%–
    Direct plan, 10 Sept 2026
    1.06%
    Regular plan 1.77% · Exit load nil
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(28 Sept 2026)

    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.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open ended scheme with attributes in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance
    Benchmark
    NIFTY 500 TRI

    Asset allocation it may hold% of NAV

    1. Equity and equity- related Securities
      Allowed80–100%Holds97.9%
    2. Debt and money market instruments
      Allowed0–20%Holds2.1%

    Holds in Sept 2026.97.9% equity · 2.1% debt and cash

    How to invest(28 Sept 2026)

    Buying

    To start
    ₹500, then in multiples of ₹500
    To add
    ₹500, then in multiples of ₹500
    Systematic
    SIP - Monthly / Yearly, SWP - Weekly / Monthly / Quarterly / Halfyearly / Yearly, STP - Daily / Weekly / Fortnightly / Monthly / Quarterly
    Dates
    SIP - Except 29,30 and 31 all dates, SWP - Any Business Day, STP - Daily, Weekly all days, Fortnightly - alternate Wednesday, Monthly and Quarterly 1,7,10,15 and 25
    Minimum
    SIP Monthly 500.00, SIP Yearly - 6000.00 SWP - 500.00 STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000.00, then in multiples of ₹500
    Instalments
    SIP Monthly - 6 SIP - Yearly - 3 SWP - Weekly - 5, Monthly - 6, Quarterly - 4, Halfyearly - 4, Yearly - 2 STP - Daily -6, Weekly - 6, Fortnightly -6, Monthly - 6, Quarterly -2.

    Selling and switching

    Scheme details(28 Sept 2026)

    What it is

    Category
    ELSS- Tax Saver Fund
    Offer
    17 Dec 2009 to 21 Dec 2009
    Started
    29 Dec 2009
    Reopened
    31 Dec 2009
    Plans
    Direct IDCW Direct Growth Regular IDCW Regular Growth
    Face value
    ₹10
    Listed
    Unlisted

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    DEUTSCHE BANK AG
    Auditor
    B S R & Co. LLP
    Registrar
    Kfintech Ltd
    SEBI code
    AXIS/O/E/ELS/09/11/0005