- Mutual Funds
- Axis Mutual Fund
- Axis ELSS Tax Saver Fund (RIDCW-A)
Formerly Axis Long Term Equity IDCW-R
Axis ELSS Tax Saver Fund (RIDCW-A)
₹ 25.063
NAV (Apr 24)
Tax saving funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 25.063
NAV (Apr 24)
Fund Returns
Last 1Y | 35.4% |
Last 3Y | 16.2% |
Last 5Y | 16% |
Last 10Y | 16.7% |
Since Inception | 16.8% |
6 Month CAGR | 20.1% |
Scheme Information
To generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities. However,there can be no assurance that the investment objective of the Scheme will be achieved.
Expense Ratio | 1.52 |
Launched (15y ago) | Dec 29, 2009 |
AUM in Crores | 35473.877 |
ISIN | INF846K01156 |
Lock-in | 3 |
Benchmark | Nifty 500 TR INR |
SIP Minimum | 0 |
Lumpsum Min. | 500 |
Standard Deviation (3yr) | 16.1 |
Standard Deviation (5yr) | 19.2 |
Beta (3yr) | 1.01 |
Beta (5yr) | 0.91 |
Sharpe Ratio (3yr) | 0.624 |
Sharpe Ratio (5yr) | 0.606 |
YTM | 0 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Axis ELSS Tax Saver Fund (RIDCW-A) | 10,92,933 | 3,60,321 | 16% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 93,338 | 5.00% |
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Asset allocation and Holdings
Top Stock Holdings
torrent power ltd
6.6%bajaj finance ltd
6.2%tata consultancy services ltd
6%avenue supermarts ltd
5.7%hdfc bank ltd
4.5%Allocation by Sector
financial services
24.7%consumer cyclical
12.8%basic materials
10.2%consumer defensive
9.4%technology
8.5%Comparison with Equity Funds
| Fund Name | Fund Size | Outperformance Consistency |
|---|---|---|
₹ 14,075 cr | ||
₹ 17,313 cr | ||
₹ 21,475 cr | ||
₹ 53,505 cr | ||
₹ 41,281 cr |
About the AMC
Axis Asset Management Company Limited
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
5% | 7.9% | ||
5.5% | 7% | ||
5.8% | 8% | ||
5.8% | 7% | ||
- | 4.9% |
Axis ELSS Tax Saver Fund (RIDCW-A) Review
Axis ELSS Tax Saver Fund (RIDCW-A) is a Tax Saving Equity fund and has delivered an annualised return of 16.8% over a period of 14 years. The fund was previously known as Axis Long Term Equity IDCW-R. The fund is managed by Axis Asset Management Company Limited. The fund managers are Ashish Naik, Shreyash Devalkar.
Nav of Axis ELSS Tax Saver Fund (RIDCW-A) as of 4/24/2024 is ₹25.06 with the total AUM as of 4/25/2024 is ₹35473.877. With Scripbox you can compare and check the latest nav for all mutual funds in India. Axis ELSS Tax Saver Fund (RIDCW-A) was launched on Dec 29, 2009. The category risk of the fund is Very High Risk.
The minimum SIP amount for Axis ELSS Tax Saver Fund (RIDCW-A) is ₹0 and you can increase this in multiples of ₹500. In case you want to invest a lump sum, the minimum amount to be invested is ₹500. Check your estimated returns on mutual funds by using sip calculator.
Axis ELSS Tax Saver Fund (RIDCW-A) is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to Nifty 500 TR INR.
Axis ELSS Tax Saver Fund (RIDCW-A) is rated as a 1 fund in Equity and delivered 35.4% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Axis ELSS Tax Saver Fund (RIDCW-A).
Frequently Asked Questions
What is Axis ELSS Tax Saver Fund (RIDCW-A)?
How to invest in Axis ELSS Tax Saver Fund (RIDCW-A)?
You can invest in Axis ELSS Tax Saver Fund (RIDCW-A) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of Axis ELSS Tax Saver Fund (RIDCW-A)?
The minimum sip amount for Axis ELSS Tax Saver Fund (RIDCW-A) is ₹0. You can invest in multiples of ₹500.
Is Axis ELSS Tax Saver Fund (RIDCW-A) good to invest in?
As per Scripbox experts, Axis ELSS Tax Saver Fund (RIDCW-A) is a Not Recommended fund. You can investAxis ELSS Tax Saver Fund (RIDCW-A) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the Axis ELSS Tax Saver Fund (RIDCW-A)?
The expense ratio of the Axis ELSS Tax Saver Fund (RIDCW-A) is 1.52% for regular plan.