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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹104.5531 | -0.54% | — | — | — |
| Regular Growth | ₹92.0254 | -0.59% | -3.42% | +11.45% | +8.62% |
| Direct IDCW | ₹48.3772 | -0.54% | — | — | — |
| Regular IDCW | ₹22.5317 | -0.59% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Balanced ApproachActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
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.
Frequently Asked Questions
How many stocks does Axis ELSS Tax Saver Fund hold?
Axis ELSS Tax Saver Fund holds 78 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 24.28% of NAV.
What is the largest holding in Axis ELSS Tax Saver Fund?
The largest position in Axis ELSS Tax Saver Fund is ICICI Bank Limited, accounting for 7.04% of NAV in the Banks sector.
Is Axis ELSS Tax Saver Fund a concentrated or diversified fund?
With a Gini coefficient of 0.450, Axis ELSS Tax Saver Fund is moderately concentrated. The HHI concentration index is 24,458 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 24.28% of the portfolio.
What is the market cap allocation of Axis ELSS Tax Saver Fund?
Based on SEBI's AMFI classification, Axis ELSS Tax Saver Fund's equity portfolio is split as: Large Cap: 74.89%, Mid Cap: 15.68%, Small Cap: 5.11%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Axis ELSS Tax Saver Fund invest in most?
Axis ELSS Tax Saver Fund has the highest allocation to Banks (21.08%), Finance (6.83%), Pharmaceuticals & Biotechnology (6.57%). The fund is invested across 34 sectors in total.
How actively managed is Axis ELSS Tax Saver Fund compared to other ELSS - Tax Saver Fund funds?
Axis ELSS Tax Saver Fund has an Active Share of 47.71%, classifying it as "Balanced Approach" among 37 ELSS - Tax Saver Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Axis ELSS Tax Saver Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Axis ELSS Tax Saver Fund added 6 new stocks (including Hindalco Industries Limited) and exited 4 stocks (including Blue Star Limited). Total holding count increased from 77 to 79 stocks.