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Value Research Rating
Analyst’s Choice
Riskometer
Very High
₹96.4930 0.15%
As on 09-Sep-2024
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
|---|---|---|---|---|---|---|
|
Axis ELSS Tax Saver Fund
|
|
|
Very High
|
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1.51 |
|
 |
|
Very High
|
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1.61 |
||
 |
|
Very High
|
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1.63 |
||
|
|
Very High
|
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1.71 |
||
|
|
Very High
|
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1.71 |
₹38,423 Cr
--
500
500
500
6
Investment Strategy
The scheme aims to generate regular long term capital growth from a diversified portfolio of equity and equity related securities. The Scheme Will invest in companies with strong growth & a sustainable business model.
Suitability
"When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.
Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Capital Gains Taxation
Dividend Taxation
1 min read•By News Desk
1 min read•By News Desk
Axis ELSS Tax Saver Fund is mandated to invest at least 80 per cent of its assets in equity stocks. It offers tax exemption under Section 80C of the Indian income tax laws. As per this section, investments of up to Rs 1.5 lakh in a financial year in eligible securities are exempt from tax.
Mutual funds can be bought directly from the website of the fund house. For instance, Axis ELSS Tax Saver Fund fund can be purchased from the website of Axis Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of Axis ELSS Tax Saver Fund is ₹96.4930 as of 10-Sep-2024.
The AUM of Axis ELSS Tax Saver Fund Fund is ₹38,423 Cr as of 31-Aug-2024
The riskometer level of Axis ELSS Tax Saver Fund is Very High. See More
| Company | Percentage of Portfolio |
|---|---|
|
5.86
|
|
|
5.33
|
|
|
4.65
|
|
|
4.16
|
|
|
3.55
|
As of 31-Aug-2024, Axis ELSS Tax Saver Fund had invested 97.77% in Equity, 1.48% in Cash & Cash Eq. and 0.74% in Debt See More
Axis ELSS Tax Saver Fund is 14 years 8 months old. It has delivered 16.67% returns since inception. See More
|
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
|---|---|---|---|---|---|
|
33.08%
|
8.73%
|
16.86%
|
13.72%
|
13.91%
|
16.67%
|
Yes, There is lock in period in Axis ELSS Tax Saver Fund.
The expense ratio of Axis ELSS Tax Saver Fund is 1.51.
