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.
Exit Load--
Stamp duty on investment0.005% (from July 1st, 2020)
Tax implicationsIf you redeem within one year, your returns will be taxed at 20%. For redemptions after one year, returns exceeding ₹1.25 lakh in a financial year will be taxed at 12.5%.
Shreyash Devalkar
Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University
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.
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of Axis ELSS - Tax Saver Fund is ₹92.23 as of 2026-10-12.
Axis ELSS - Tax Saver Fund is classified as a ELSS - Tax Saver fund.
Axis ELSS - Tax Saver Fund is managed by Axis Mutual Fund.
The Assets Under Management (AUM) of Axis ELSS - Tax Saver Fund is ₹30,269.11 Cr.
The expense ratio of Axis ELSS - Tax Saver Fund is 1.76%.
Axis ELSS - Tax Saver Fund is managed by Shreyash Devalkar.
The minimum SIP investment for Axis ELSS - Tax Saver Fund is ₹500.
As per the SEBI Riskometer, Axis ELSS - Tax Saver Fund carries a Very High risk level.
Axis ELSS - Tax Saver Fund has delivered -5.09% (1Y), 8.02% (3Y) and 3.47% (5Y) annualised returns as of 2026-10-12.
Axis ELSS - Tax Saver Fund was launched on 2009-09-04.
Open an account with Indiabulls Securities, complete your KYC, and invest via SIP or a one-time lumpsum through our platform.
A Systematic Investment Plan (SIP) lets you invest a fixed amount at regular intervals (e.g., monthly) instead of a single lumpsum.
There is no separate brokerage on mutual fund units. The AMC charges an expense ratio, which is already reflected in the NAV. An exit load may apply if you redeem before the specified period.
Mutual fund NAVs are declared once per business day after market close, in line with SEBI norms.
The FAQs above are generated from data provided by the AMC and are for educational purposes only. They do not constitute financial advice, buy/sell recommendations, or return guarantees. Mutual fund investments are subject to market risks — read all scheme-related documents carefully before investing. Past performance is not indicative of future returns.
