Investment Objective and Approach

The investment objective of this tax saver fund is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities. The scheme aims to generate regular long term capital growth from a diversified portfolio of equity and equity related securities.

The fund follows a diversified investment approach with the following characteristics:

- The Scheme Will invest in companies with strong growth & a sustainable business model.

- The fund manager will try to balance the portfolio between large caps and mid caps while searching for investment opportunities across market cap.

- The scheme tries to invest in stocks that have growth potential and can offer long term earnings to investors.

- Shreyash Devalkar and Mr. Ashish Naik, who employ a bottom-up stock picking approach. The fund maintains a strong focus on sectors like Financial, Healthcare, Technology and Automobile.

- To reduce concentration risk, stocks are actively allocated across different market caps.

The fund maintains a three-year statutory lock-in period as mandated for ELSS funds and offers tax benefits under Section 80C of the Income Tax Act.

Fund Managers

The fund is currently managed by a team of experienced professionals:

Shreyash Devalkar - Current Head of Equity (since August 4, 2023)

- Shreyash Devalkar is a Bachelor of Chemical Engineering degree from UDCT, Mumbai and an MMS in Finance from Jamnalal Bajaj Institute of Management Studies.

- Devalkar has been with Axis MF for over seven years and has been managing its bluechip, midcap, smallcap and flexicap funds. Prior to joining Axis, Devalkar was a fund manager at BNP Paribas AMC.

- Overall, he has an experience of over two decades in the financial services industry.

Ashish Naik - Co-Fund Manager (since August 3, 2023)

- Ashish Naik is a PGDBM in Finance and Marketing from XLRI, Jamshedpur. He is also a Chartered Financial Analyst (CFA) and Financial Risk Manager (FRM). Mr. Naik also holds a degree in Bachelor in Computer Engineering from the University of Mumbai.

- He later on joined Goldman Sachs as a Sell-side Equity Research Analyst and performed various duties like creating financial models for Korean and Malaysian banks. Mr. Naik joined Axis Mutual Fund in 2009 as a Research Analyst.

The fund management changed in August 2023 when He succeeds Jinesh Gopani, who served as the Head of Equities for the past seven years, and has been an integral part of Axis Mutual Fund over the last 14 years.

About the Fund House (AMC)

Axis Mutual Fund was established as a joint venture with strong parentage and global expertise:

- Axis Mutual Fund was established in October 2009 after registering with SEBI or the Securities and Exchange Board of India.

- Axis Bank holds 75% of the share in the asset management company while Schroder Singapore holds the remaining 25%. Axis Mutual Fund has Axis Bank Limited as the sponsor and Axis Mutual Fund Trustee Limited as the trustee.

- Founded in 2009, it operates as a joint venture between Axis Bank, the third largest private sector bank in India, and Schroder Singapore Holdings Private Limited (SSHPL), which owns 25% of the holdings. Notably, Axis Mutual Fund has emerged as one of the fastest-growing mutual fund companies in the Indian market.

- With a presence in over 100 cities, its 31 investment teams span across 19 countries in Asia, the Middle East, Europe and America. Its vast product lineup offers more than 53 different schemes.

The fund house combines the domestic expertise of Axis Bank with the international investment management experience of Schroders, providing investors with a robust investment management platform.

Should I Invest in Axis ELSS Tax Saver Fund?

This fund may be suitable for investors who:

Investment Suitability:

- Seek long-term capital appreciation with tax benefits under Section 80C

- Have a high-risk tolerance and can stay invested for at least 5-7 years

- Want exposure to a diversified equity portfolio across market capitalizations

- Are comfortable with the 3-year mandatory lock-in period

Key Investment Considerations:

Positive Factors:

- Tax deduction up to ₹1.5 lakh under Section 80C

- Experienced fund management team with proven track records

- Diversified portfolio approach across sectors and market caps

- Low minimum investment requirement of ₹500 for both SIP and lump sum

Important Notes:

- Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

- It is an open ended equity mutual fund scheme which is ideal for investors with a long term investment horizon and a very high risk appetite.

- Equity investments are subject to market volatility and past performance doesn't guarantee future returns

The fund is positioned as a comprehensive tax-saving solution for investors seeking long-term wealth creation while availing income tax benefits.

FAQs

What is today's NAV of Axis ELSS Tax Saver Fund?

The NAV changes daily based on market movements. You can check the current NAV on the fund's official page or through your investment platform for the most recent update.

What is the AUM of Axis ELSS Tax Saver Fund?

The fund currently has an Asset Under Management(AUM) of ₹3,39,576 Cr as of August 25, 2025, making it one of the larger ELSS funds in the market.

What is the expense ratio of Axis ELSS Tax Saver Fund?

The expense ratio is 0.80%. This represents the annual fee charged for managing the fund, which includes all operational costs.

What are the returns of Axis ELSS Tax Saver Fund since inception?

The fund was launched in September 2009 and has delivered competitive returns over various time periods. Check the latest factsheet for current performance data across different time horizons.

What is the minimum SIP amount to invest in Axis ELSS Tax Saver Fund?

The minimum investment required to start investing in Axis ELSS Tax Saver Fund is ₹500 for the lump sum option and ₹500 for the SIP (Systematic Investment Plan) option.

How do I invest in Axis ELSS Tax Saver Fund?

You can invest through Allvest's platform by completing your KYC, selecting the fund, choosing investment amount and mode (SIP/lump sum), and completing the payment process online.

How to start a SIP in Axis ELSS Tax Saver Fund?

Log into Allvest, search for the fund, select SIP option, choose your monthly investment amount (minimum ₹500), set the SIP date, and authorize the bank mandate for automatic deductions.

How do I automate an SIP in Axis ELSS Tax Saver Fund?

Set up an auto-debit mandate through Allvest platform linking your bank account. This ensures automatic monthly investments without manual intervention on your chosen SIP date.

How can I withdraw/redeem my investment in Axis ELSS Tax Saver Fund?

ELSS investments have a mandatory 3-year lock-in period. After completion, you can redeem through Allvest platform by submitting a redemption request. The amount will be credited to your registered bank account within 3-4 business days.