Axis ELSS Tax Saver Fund
The fund maintains a concentrated quality bias with nearly 39% in its top ten holdings, heavily tilted toward banking and financial services which together account for nearly 28% of the portfolio. The manager's recent portfolio churn—introducing cyclical plays like Hindalco and DLF while trimming defensive positions—suggests a tactical shift toward economic sensitivity, betting on sustained domestic growth momentum. This positioning reflects conviction in India's consumption and infrastructure narratives while maintaining the core stability of large-cap bank and IT exposure appropriate for a tax-saving vehicle.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹103.3960 | +0.16% | — | — | — | — | — |
| Regular Growth | ₹91.0087 | +0.10% | -5.61% | -7.36% | -3.22% | +10.87% | +8.38% |
| Direct IDCW | ₹47.8418 | +0.16% | — | — | — | — | — |
| Regular IDCW | ₹22.2828 | +0.10% | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Hindalco Industries Limited | 0.87% |
| HDFC Asset Management Company Limited | 0.67% |
| DLF Limited | 0.33% |
| Cipla Limited | 0.33% |
| Page Industries Limited | 0.24% |
| Kaynes Technology India Limited | 0.21% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 7.04% |
| 2 | HDFC Bank Limited INE040A01034 | 5.64% |
| 3 | Bharti Airtel Limited INE397D01024 | 4.32% |
| 4 | Bajaj Finance Limited INE296A01032 | 3.69% |
| 5 | Reliance Industries Limited INE002A01018 | 3.59% |
| 6 | State Bank of India INE062A01020 | 3.18% |
| 7 | Infosys Limited INE009A01021 | 3.14% |
| 8 | Larsen & Toubro Limited INE018A01030 | 2.98% |
| 9 | Mahindra & Mahindra Limited INE101A01026 | 2.63% |
| 10 | Eternal Limited INE758T01015 | 2.56% |
| 11 | Pidilite Industries Limited INE318A01026 | 2.39% |
| 12 | Cholamandalam Investment and Finance Company Ltd INE121A01024 | 2.18% |
| 13 | UltraTech Cement Limited INE481G01011 | 2.11% |
| 14 | Clearing Corporation of India Ltd | 2.07% |
| 15 | Divi's Laboratories Limited INE361B01024 | 2.07% |
| 16 | CG Power and Industrial Solutions Limited INE067A01029 | 1.97% |
| 17 | Kotak Mahindra Bank Limited INE237A01036 | 1.86% |
| 18 | Axis Bank Limited INE238A01034 | 1.84% |
| 19 | Torrent Power Limited INE813H01021 | 1.83% |
| 20 | PI Industries Limited INE603J01030 | 1.67% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.