Mutual fund

Axis ELSS Tax Saver Fund

Axis Mutual Fund · Equity

Current range: July 2026 → August 2026

Fund Quality

Poor fund↑49.0 / 100

#29 of 35 in ELSS

Returns20%: 32.4
Consistency20%: 46.3
Downside20%: 47.4
Fees10%: 63.3
Risk10%: 76.3

Increasing Healthcare exposure while reducing Power.

Sector allocation, Feb 2026 → Aug 2026

68Holdings
20Increased
15Reduced
4New
3Exited

AUM ₹32,285 cr · 31 Aug 202614 historical disclosures

Fund Quality

Poor49.0 / 100

Rank 29 of 35 in ELSS
↑ Improving · +7.3 since 30 Jun 2026

Medium confidence

Performance325-year return 4.9% a year against a peer median of 10.3%.
Consistency46Beat the peer median in 25% of rolling 1-year and 4% of rolling 3-year periods over 5 years.
Downside protection47Deepest fall −28.0% in 5 years; fell 114% as much as the peer median in down months.
Value for moneyPartial evidence63Expense ratio 1.05% against a peer median of 1.10%.
Portfolio riskPartial evidence76Top 10 stocks are 37% of assets, about 40 effective holdings.
Manager & process stability—Not measured. Manager appointment records and process documentation are not loaded, so manager and process stability cannot be assessed.

Strengths: Less concentrated than most category peers.

Weaknesses: Long-term returns behind most category peers.

Change since 30 Jun 2026: Performance +2.9, Consistency +2.1, Portfolio risk +0.5 points.

How Fund Quality works

Each diversified active fund is compared with its current category peers over identical five- and three-year windows, using its Direct Growth plan. Index funds, ETFs and sector or thematic funds are not rated.
Six dimensions are scored 0–100 against peers. Returns, consistency and downside protection carry most of the weight; value for money, portfolio risk and manager stability support them. A dimension without evidence is left out and the rest re-weighted; it is never scored as zero or average.
Great is 85+, Good 70–85, Average 50–70, Poor 30–50 and Awful below 30. Great also needs strong returns, consistency and downside protection and five years of history; weak downside protection caps a fund at Average.
A rating with all three core dimensions and only one supporting dimension is provisional and lower confidence. Without all three core dimensions there is no rating.
Fund Quality is not a return ranking and not a recommendation. Past performance does not predict future returns.
Peers are the plan's current AMFI category; dated category history is not loaded, so a fund that changed category is compared with its current peers throughout.
Closed and merged schemes are not loaded, so peer groups contain survivors only.
No fund-to-benchmark mapping is loaded, so nothing here measures performance against the fund's benchmark.
Manager & process stability is not assessed: its data is not loaded. Mandate discipline is not part of the rating.
Fund Quality describes past evidence. In a 2019–2023 test, funds with higher return, consistency and downside scores did not go on to beat their peers over the next three years.
Past performance and risk do not predict future results. Fund Quality is not a recommendation to buy, sell or switch.
Methodology fund_quality_v1, NAV as of 1 Oct 2026.

Latest changes

Current range: July 2026 → August 2026

Added

Largest addition

Ather Energy Ltd.

shares +12.1% · Automobile and Auto Components

+₹136 cr

New position

What changed?

Current range: July 2026 → August 2026

StockSharesPortfolio weight

Ather Energy Ltd.ATHERENERG

Automobile and Auto Components

Shares+₹136 cr2.04M → 2.29M+246.41K+12.1% shares

Portfolio weight0.8% → 1.2%+0.4 pp weight

Axis Bank Ltd.AXISBANK

Financial Services

Shares+₹111 cr6.09M → 6.62M+526.08K+8.6% shares

Portfolio weight2.3% → 2.6%+0.3 pp weight

Apar Industries Ltd.APARINDS

Capital Goods

Shares+₹110 cr209.72K → 232.26K+22.54K+10.7% shares

Portfolio weight0.9% → 1.3%+0.3 pp weight

PB Fintech Ltd.POLICYBZR

Financial Services

Shares+₹101 cr3.43M → 3.47M+39.13K+1.1% shares

Portfolio weight1.7% → 2.0%+0.3 pp weight

Kotak Mahindra Bank Ltd.KOTAKBANK

Financial Services

Shares+₹92.5 cr15.23M → 16.38M+1.15M+7.5% shares

Portfolio weight1.8% → 2.1%+0.3 pp weight

Swiggy Ltd.SWIGGY

Consumer Services

Shares+₹89.1 cr3.38M → 6.58M+3.20M+94.6% shares

Portfolio weight0.3% → 0.6%+0.3 pp weight

Navin Fluorine International Ltd.NAVINFLUOR

Chemicals

Shares+₹73.4 cr376.90K → 413.33K+36.43K+9.7% shares

Portfolio weight0.9% → 1.1%+0.2 pp weight

Tata Motors Ltd.TMCV

Capital Goods

Shares+₹64.6 cr8.28M → 9.05M+768.53K+9.3% shares

Portfolio weight1.1% → 1.3%+0.2 pp weight

Titan Company Ltd.TITAN

Consumer Durables

Shares+₹59.9 cr1.17M → 1.24M+65.26K+5.6% shares

Portfolio weight1.8% → 1.9%+0.2 pp weight

Tata Consultancy Services Ltd.TCS

Information Technology

Shares+₹58.0 cr2.42M → 2.62M+207.75K+8.6% shares

Portfolio weight1.8% → 1.9%+0.2 pp weight

JSW Infrastructure Ltd.JSWINFRA

Services

Shares+₹54.3 cr5.63M → 6.77M+1.14M+20.3% shares

Portfolio weight0.5% → 0.7%+0.2 pp weight

Vishal Mega Mart Ltd.VMM

Consumer Services

Shares+₹43.9 cr33.76M → 36.65M+2.89M+8.6% shares

Portfolio weight1.1% → 1.2%+0.1 pp weight

INDO-MIM LimitedINDOMIM

Capital Goods

Shares+₹35.8 cr1.87M → 2.07M+195.80K+10.4% shares

Portfolio weight0.5% → 0.6%+0.1 pp weight

Krishna Institute of Medical Sciences Ltd.KIMS

Healthcare

Shares+₹21.8 cr1.84M → 2.25M+408.13K+22.2% shares

Portfolio weight0.5% → 0.5%+0.1 pp weight

HCL Technologies Ltd.HCLTECH

Information Technology

Shares+₹20.7 cr1.48M → 1.67M+196.51K+13.3% shares

Portfolio weight0.6% → 0.7%+0.1 pp weight

Delhivery Ltd.DELHIVERY

Services

Shares−₹8.6 cr5.80M → 5.93M+137.75K+2.4% shares

Portfolio weight0.9% → 0.8%−0.0 pp weight

Tata Consumer Products Ltd.TATACONSUM

Fast Moving Consumer Goods

Shares+₹6.1 cr1.25M → 1.36M+113.98K+9.1% shares

Portfolio weight0.4% → 0.4%+0.0 pp weight

DOMS Industries Ltd.DOMS

Fast Moving Consumer Goods

Shares+₹3.1 cr661.27K → 683.12K+21.86K+3.3% shares

Portfolio weight0.5% → 0.5%+0.0 pp weight

Fortis Healthcare Ltd.FORTIS

Healthcare

Shares−₹2.6 cr3.27M → 3.38M+108.19K+3.3% shares

Portfolio weight0.9% → 0.9%−0.0 pp weight

Marico Ltd.MARICO

Fast Moving Consumer Goods

Shares+₹1.0 cr1.97M → 2.11M+134.54K+6.8% shares

Portfolio weight0.5% → 0.5%0.0 pp weight

Current portfolio

Disclosed holdings for August 2026. Change columns use share quantities, with earlier quantities adjusted when a corporate action has a usable ratio.

Current range: Change columns compare with July 2026


ICICI Bank Ltd.ICICIBANK	Financial Services	−₹115 cr−6.0% shares	15.78M	7.0%	+₹2,294 cr	Reduced
HDFC Bank Ltd.HDFCBANK	Financial Services	−₹100 cr0.0% shares	25.56M	5.5%	+₹1,812 cr	Unchanged
Bharti Airtel Ltd.BHARTIARTL	Telecommunication	−₹123 cr0.0% shares	7.67M	4.3%	+₹1,390 cr	Unchanged
Bajaj Finance Ltd.BAJFINANCE	Financial Services	−₹220 cr−9.8% shares	10.58M	3.4%	+₹1,118 cr	Reduced
Eternal Ltd.ETERNAL	Consumer Services	+₹28.4 cr−5.3% shares	32.23M	3.2%	+₹1,057 cr	Reduced
Larsen & Toubro Ltd.LT	Construction	+₹24.8 cr0.0% shares	2.34M	2.9%	+₹948 cr	Unchanged
Divi's Laboratories Ltd.DIVISLAB	Healthcare	+₹132 cr0.0% shares	936.11K	2.7%	+₹886 cr	Unchanged
Axis Bank Ltd.AXISBANK	Financial Services	+₹111 cr+8.6% shares	6.62M	2.6%	+₹860 cr	Increased
Pidilite Industries Ltd.PIDILITIND	Chemicals	+₹4.5 cr−4.0% shares	5.08M	2.6%	+₹857 cr	Reduced
Mahindra & Mahindra Ltd.M&M	Automobile and Auto Components	−₹70.0 cr−4.4% shares	2.56M	2.6%	+₹841 cr	Reduced
Cholamandalam Investment and Finance Company Ltd.CHOLAFIN	Financial Services	−₹9.5 cr−1.6% shares	4.21M	2.4%	+₹782 cr	Reduced
State Bank of IndiaSBIN	Financial Services	−₹7.1 cr−4.0% shares	7.31M	2.4%	+₹775 cr	Reduced
UltraTech Cement Ltd.ULTRACEMCO	Construction Materials	−₹29.5 cr0.0% shares	651.35K	2.3%	+₹746 cr	Unchanged
Kotak Mahindra Bank Ltd.KOTAKBANK	Financial Services	+₹92.5 cr+7.5% shares	16.38M	2.1%	+₹687 cr	Increased
PB Fintech Ltd.POLICYBZR	Financial Services	+₹101 cr+1.1% shares	3.47M	2.0%	+₹651 cr	Increased
Tata Consultancy Services Ltd.TCS	Information Technology	+₹58.0 cr+8.6% shares	2.62M	1.9%	+₹630 cr	Increased
Titan Company Ltd.TITAN	Consumer Durables	+₹59.9 cr+5.6% shares	1.24M	1.9%	+₹631 cr	Increased
Infosys Ltd.INFY	Information Technology	−₹117 cr−17.3% shares	5.03M	1.8%	+₹571 cr	Reduced
CG Power and Industrial Solutions Ltd.CGPOWER	Capital Goods	+₹31.6 cr0.0% shares	6.00M	1.7%	+₹550 cr	Unchanged
Reliance Industries Ltd.RELIANCE	Oil Gas & Consumable Fuels	−₹76.1 cr−10.2% shares	4.24M	1.7%	+₹541 cr	Reduced
Sun Pharmaceutical Industries Ltd.SUNPHARMA	Healthcare	−₹1.5 cr0.0% shares	2.68M	1.6%	+₹532 cr	Unchanged
Indian Hotels Co. Ltd.INDHOTEL	Consumer Services	−₹45.6 L0.0% shares	7.01M	1.6%	+₹517 cr	Unchanged
Sona BLW Precision Forgings Ltd.SONACOMS	Automobile and Auto Components	+₹1.4 cr−5.1% shares	5.69M	1.4%	+₹463 cr	Reduced
InterGlobe Aviation Ltd.INDIGO	Services	+₹5.3 cr0.0% shares	847.54K	1.4%	+₹444 cr	Unchanged
Tata Motors Ltd.TMCV	Capital Goods	+₹64.6 cr+9.3% shares	9.05M	1.3%	+₹426 cr	Increased
Apar Industries Ltd.APARINDS	Capital Goods	+₹110 cr+10.7% shares	232.26K	1.3%	+₹411 cr	Increased
PI Industries Ltd.PIIND	Chemicals	−₹65.7 cr0.0% shares	1.72M	1.3%	+₹408 cr	Unchanged
TVS Motor Company Ltd.TVSMOTOR	Automobile and Auto Components	−₹12.3 cr−3.5% shares	942.82K	1.3%	+₹409 cr	Reduced
Vishal Mega Mart Ltd.VMM	Consumer Services	+₹43.9 cr+8.6% shares	36.65M	1.2%	+₹406 cr	Increased
Ather Energy Ltd.ATHERENERG	Automobile and Auto Components	+₹136 cr+12.1% shares	2.29M	1.2%	+₹393 cr	Increased
Federal Bank Ltd.FEDERALBNK	Financial Services	−₹2.3 cr0.0% shares	10.92M	1.2%	+₹390 cr	Unchanged
Solar Industries India Ltd.SOLARINDS	Chemicals	+₹33.2 cr0.0% shares	193.51K	1.2%	+₹389 cr	Unchanged
One 97 Communications Ltd.PAYTM	Financial Services	+₹375 cr—	2.19M	1.1%	+₹375 cr	New
Hyundai Motor India Ltd.HYUNDAI	Automobile and Auto Components	+₹4.1 cr0.0% shares	1.69M	1.1%	+₹373 cr	Unchanged
Navin Fluorine International Ltd.NAVINFLUOR	Chemicals	+₹73.4 cr+9.7% shares	413.33K	1.1%	+₹359 cr	Increased
Cummins India Ltd.CUMMINSIND	Capital Goods	−₹28.1 cr0.0% shares	679.17K	1.1%	+₹347 cr	Unchanged
Mankind Pharma Ltd.MANKIND	Healthcare	−₹7.0 cr0.0% shares	1.39M	1.0%	+₹337 cr	Unchanged
Torrent Pharmaceuticals Ltd.TORNTPHARM	Healthcare	−₹42.7 cr−10.5% shares	646.67K	1.0%	+₹328 cr	Reduced
Phoenix Mills Ltd.PHOENIXLTD	Realty	+₹1.1 cr0.0% shares	1.66M	1.0%	+₹314 cr	Unchanged
Fortis Healthcare Ltd.FORTIS	Healthcare	−₹2.6 cr+3.3% shares	3.38M	0.9%	+₹306 cr	Increased
Tata Steel Ltd.TATASTEEL	Metals & Mining	−₹84.5 cr−20.9% shares	15.20M	0.9%	+₹280 cr	Reduced
Hindustan Unilever Ltd.HINDUNILVR	Fast Moving Consumer Goods	−₹18.7 cr0.0% shares	1.40M	0.8%	+₹275 cr	Unchanged
Delhivery Ltd.DELHIVERY	Services	−₹8.6 cr+2.4% shares	5.93M	0.8%	+₹271 cr	Increased
Anthem Biosciences Ltd.ANTHEM	Healthcare	+₹24.5 cr0.0% shares	2.92M	0.8%	+₹261 cr	Unchanged
Karur Vysya Bank Ltd.KARURVYSYA	Financial Services	+₹3.7 cr0.0% shares	7.18M	0.8%	+₹250 cr	Unchanged
Torrent Power Ltd.TORNTPOWER	Power	−₹173 cr−31.7% shares	2.03M	0.8%	+₹247 cr	Reduced
GE Vernova T&D India Ltd.GVT&D	Capital Goods	+₹6.7 cr0.0% shares	548.14K	0.8%	+₹244 cr	Unchanged
JSW Infrastructure Ltd.JSWINFRA	Services	+₹54.3 cr+20.3% shares	6.77M	0.7%	+₹230 cr	Increased
HCL Technologies Ltd.HCLTECH	Information Technology	+₹20.7 cr+13.3% shares	1.67M	0.7%	+₹219 cr	Increased
Sundaram Finance Ltd.SUNDARMFIN	Financial Services	−₹6.1 cr0.0% shares	484.17K	0.7%	+₹220 cr	Unchanged
Craftsman Automation Ltd.CRAFTSMAN	Automobile and Auto Components	+₹25.7 cr0.0% shares	193.70K	0.7%	+₹217 cr	Unchanged
Persistent Systems Ltd.PERSISTENT	Information Technology	+₹1.7 cr0.0% shares	370.33K	0.6%	+₹207 cr	Unchanged
Page Industries Ltd.PAGEIND	Textiles	−₹25.8 cr0.0% shares	56.30K	0.6%	+₹202 cr	Unchanged
Radico Khaitan LtdRADICO	Fast Moving Consumer Goods	+₹6.4 cr0.0% shares	447.12K	0.6%	+₹201 cr	Unchanged
Coromandel International Ltd.COROMANDEL	Chemicals	−₹17.0 cr0.0% shares	1.01M	0.6%	+₹193 cr	Unchanged
Max Healthcare Institute Ltd.MAXHEALTH	Healthcare	−₹85.6 cr−27.2% shares	1.83M	0.6%	+₹191 cr	Reduced
Swiggy Ltd.SWIGGY	Consumer Services	+₹89.1 cr+94.6% shares	6.58M	0.6%	+₹185 cr	Increased
INDO-MIM LimitedINDOMIM	Capital Goods	+₹35.8 cr+10.4% shares	2.07M	0.6%	+₹181 cr	Increased
Billionbrains Garage Ventures Ltd.GROWW	Financial Services	−₹2.1 cr0.0% shares	8.96M	0.5%	+₹172 cr	Unchanged
Marico Ltd.MARICO	Fast Moving Consumer Goods	+₹1.0 cr+6.8% shares	2.11M	0.5%	+₹173 cr	Increased
Krishna Institute of Medical Sciences Ltd.KIMS	Healthcare	+₹21.8 cr+22.2% shares	2.25M	0.5%	+₹170 cr	Increased
Tenneco Clean Air India Ltd.TENNIND	Automobile and Auto Components	−₹2.7 cr0.0% shares	3.17M	0.5%	+₹168 cr	Unchanged
DOMS Industries Ltd.DOMS	Fast Moving Consumer Goods	+₹3.1 cr+3.3% shares	683.12K	0.5%	+₹153 cr	Increased
Premier Energies Ltd.PREMIERENE	Capital Goods	+₹2.0 cr0.0% shares	1.41M	0.5%	+₹146 cr	Unchanged
Rubicon Research LimitedRUBICON	Healthcare	+₹147 cr—	805.53K	0.5%	+₹147 cr	New
Tata Consumer Products Ltd.TATACONSUM	Fast Moving Consumer Goods	+₹6.1 cr+9.1% shares	1.36M	0.4%	+₹142 cr	Increased
SPR Auto Technologies LimitedSHRIPISTON	Automobile and Auto Components	+₹107 cr—	231.15K	0.3%	+₹107 cr	New
Dhoot Transmission LimitedDHOOTTRANS	Automobile and Auto Components	+₹80.0 cr—	542.33K	0.2%	+₹80.0 cr	New
Bajaj Auto Ltd.BAJAJ-AUTO	Automobile and Auto Components	−₹95.1 cr−100.0% shares	0	—	₹0	Exited
Cipla Ltd.CIPLA	Healthcare	−₹192 cr−100.0% shares	0	—	₹0	Exited
Oil & Natural Gas Corporation Ltd.ONGC	Oil Gas & Consumable Fuels	−₹192 cr−100.0% shares	0	—	₹0	Exited

Axis ELSS Tax Saver Fund

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