Sharpe ratio
0.64Return earned for the risk taken.
Moderate
Moderate risk-adjusted returns. The reward for risk has been average.
+4.22%1Y Absolute Return
-0.37%1D
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Past performance is not an indicator of future returns.
Returns calculator comparison
Compare an illustrative investment outcome across return assumptions.
| Asset | Projected corpus | Total invested | Gain | Annual return |
|---|---|---|---|---|
| Axis ELSS Tax Saver Fund - Direct Plan - Growth OptionFund 5Y annualised return | ₹8,54,021 | ₹7,32,612 | ₹1,21,409 | +6.36% |
| EPFIllustrative annual assumption | ₹8,95,132 | ₹7,32,612 | ₹1,62,520 | +8.25% |
| Residential propertyIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| PPFIllustrative annual assumption | ₹8,69,819 | ₹7,32,612 | ₹1,37,207 | +7.10% |
| Bank fixed depositIllustrative annual assumption | ₹8,56,981 | ₹7,32,612 | ₹1,24,369 | +6.50% |
| GoldIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| Savings accountIllustrative annual assumption | ₹7,86,827 | ₹7,32,612 | ₹54,215 | +3.00% |
Illustration only. Fund results use the available NAV-derived annualised return and can be negative. Reference rows are assumptions, not current quoted rates or guaranteed returns; property excludes transaction costs, taxes, and liquidity constraints. Mutual fund investments are subject to market risk.
Wealth multiple
₹1 became₹1.16
₹1 Lakh since launch₹1.16 Lakh
Fund age13.9 yrs
Fund information
Scheme code120503
ISININF846K01EW2
BenchmarkNIFTY 500 TRI
CategoryEquity Scheme - ELSS
Expense ratio1.05%
Exit loadNil
Minimum SIP₹500 SIP
Return comparison
27th / 192 in category| Period | Fund | Benchmark | Category avg |
|---|---|---|---|
| 1M | +219.79% | — | — |
| 3M | +13.64% | — | — |
| 6M | +24.07% | — | — |
| 1Y | +4.22% | — | -0.21% |
| 3Y | +12.69% | — | +9.69% |
| 5Y | +6.36% | — | +7.74% |
| 10Y | +13.39% | — | — |
| Since Launch | +15.90% | — | — |
Risk-adjusted performance
Every measure is expanded with a plain-language reading of the latest calculated value.
Sortino ratio
0.89Return earned while limiting downside risk.
Moderate
Moderate downside risk-adjusted performance.
Standard deviation
14.72%How much the fund’s returns fluctuate over time.
Moderate volatility
Returns can move up and down noticeably.
Beta
—How closely the fund moves with the market.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Alpha
—Extra return generated above the benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Treynor ratio
—Return earned for each unit of market risk taken.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Calmar ratio
0.47How well the fund rewarded investors relative to its biggest decline.
Low
Returns have been modest compared to the drawdowns experienced.
Information ratio
—How consistently the fund outperformed its benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Portfolio allocation
Latest disclosed portfolio mix
Asset allocation
Portfolio100%
Equity97.74%
Debt2.08%
Cash0.18%
Market cap allocation
Sector allocation
Equity exposure by sector
Top holdings
10 of 70 disclosed positions
| Holding | Sector | Instrument type | Weight |
|---|---|---|---|
| ICICI Bank Ltd | Financial | Equity | 7.7387% |
| HDFC Bank Ltd | Financial | Equity | 6.2028% |
| Bharti Airtel Ltd | Technology | Equity | 4.1982% |
| Bajaj Finance Ltd | Financial | Equity | 3.9129% |
| Larsen & Toubro Ltd | Industrials | Equity | 3.0469% |
| State Bank of India | Financial | Equity | 2.9565% |
| Zomato Ltd | Technology | Equity | 2.8249% |
| Pidilite Industries Ltd | Materials | Equity | 2.7179% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 2.6176% |
| Mahindra & Mahindra Ltd | Consumer Discretionary | Equity | 2.5798% |
Fund management
AS
Ashish Naik
Since 2023 · Prior to joining Axis Mutual Fund he was associated with organizations such as Goldman Sachs and has over 7 years of experience as an Equity Analyst.
Mr. Naik is a B.E from Mumbai University and MBA from XLRI, Jamshedpur.
SH
Shreyash Devalkar
Since 2023 · Prior to joining Axis Mutual Fund he has worked with BNP Paribas Mutual Fund as a Fund Manager, IDFC Capital, JP Morgan Services India and Calyon Bank.
Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University
Compare similar funds
No comparable category funds are available yet.
Summary
A very high-risk equity scheme - elss fund. Ahead of its category average over 3Y by 3.0 points. Trailing its category average over 5Y by 1.4 points.
Strengths
- Ahead of its category average over 3Y by 3.0 points.
- Ranks 27 of 192 in its category over 1 year.
Weaknesses
- Trailing its category average over 5Y by 1.4 points.
Ideal investor
- Needs a 5+ years (3-year lock-in) horizon to ride out its very high risk level.
- Good fit for SIPs — spreading purchases smooths out 14.7% volatility.
Risk drivers
- None