MonitorDirect · GrowthWatch before adding
Axis ELSS- Tax Saver Fund
Axis Mutual FundEquity Schemes - ELSS- Tax Saver Fund13.8 years
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.
- NAV
- 106.8197
- 30 Oct 2026
- 1Y
- -4.5%
- Trailing CAGR
- Upside capture
- +96%
- Vs NIFTY 500 TRI
- Downside capture
- +97%
- Lower is better
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Prefer peers if · Prefer WhiteOak Capital ELSS Tax Saver Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
1.05% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -33.5%. Ask whether you can hold through a similar fall.
Vs category
Watch
49% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Shreyash Devalkar · 3.2 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / lock-in
Watch
ELSS locks each installment for 3 years. Useful only if 80C is open on the old regime - otherwise locked equity.
Portfolio concentration
Pass
Top 10 holdings ≈ 37.2% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 34%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
ELSS lock-in
Every installment locks for 3 years. Only useful if 80C is still open on the old regime - otherwise it is locked equity, not a tax cut.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-4.5%
- 3Y+10.7%
- 5Y+5.3%
- 10Y+11.7%
- SI+15.2%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-1.0%
- 3Y+3.1%
- 5Y+7.5%
- 10Y+10.7%
- Since inception
- +15.2%
- Calendar-day CAGR
- Excess 1Y
- +0.5%
- Category median, same plan and option
- 3Y win rate
- +49%
- Windows beating the median
- 3Y percentile
- 37
- Vs comparable share classes
- SIP 3Y XIRR
- +3.1%
- Simulated monthly SIP
- Worst rolling 3Y
- +1.6%
- 2662 daily-ending windows
- Median rolling 3Y
- +14.3%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2169 daily-ending windows
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 30 Oct 2026.
- 1Y excess
- +2.8%
- Fund minus TRI
- 3Y excess
- +0.5%
- Fund minus TRI
- Upside capture
- +96%
- Benchmark-up months
- Downside capture
- +97%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -33.5%
- Worst peak-to-trough
- Current
- -6.0%
- Below last peak
- Current spell
- 764 days
- Days below latest peak
- Time below peak
- +88%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 14 days
- 152 recovered episodes
- Longest recovery
- 549 days
- Trough to prior peak
12 Feb 2020 – 11 Nov 2020
Trough 23 Mar 2020 · recovered in 233 days
-33.5%
14 Oct 2021 – 18 Dec 2023
Trough 17 Jun 2022 · recovered in 549 days
-28.0%
19 Aug 2015 – 25 Jul 2016
Trough 25 Feb 2016 · recovered in 151 days
-17.3%
29 Aug 2018 – 3 Jun 2019
Trough 23 Oct 2018 · recovered in 223 days
-17.0%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
37
Vs category
53
Consistency
50
Risk-adjusted
57
Drawdown
16
Mean
43
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
No status reasons yet. History is still thin.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 73 holdings · top 10 are 37.2%.
- Top 5
- 24.1%
- Top 10
- 37.2%
- Largest holding
- 6.9%
- Effective holdings
- 41.1
ICICI Bank Ltd
Financial
6.9%
HDFC Bank Ltd
Financial
6.1%
Bharti Airtel Ltd
Technology
4.5%
Zomato Ltd
Technology
3.4%
Bajaj Finance Ltd
Financial
3.4%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
8 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
WhiteOak Capital ELSS Tax Saver Fund
WhiteOak Capital Mutual Fund
- 1Y
- -2.3%
- 3Y
- +15.5%
- Vol
- 13.2%
- Max DD
- -16.4%
- Sharpe
- 0.78
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Bajaj Finserv ELSS - Tax Saver Fund
Bajaj Finserv Mutual Fund
- 1Y
- -4.4%
- 3Y
- n/a
- Vol
- 13.1%
- Max DD
- -13.5%
- Sharpe
- 0.11
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
BANK OF INDIA ELSS TAX SAVER FUND
Bank of India Mutual Fund
- 1Y
- -3.1%
- 3Y
- +12.0%
- Vol
- 16.4%
- Max DD
- -31.7%
- Sharpe
- 0.65
- 3Y win
- +73%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
HSBC ELSS Tax saver Fund
HSBC Mutual Fund
- 1Y
- -3.3%
- 3Y
- +15.1%
- Vol
- 15.4%
- Max DD
- -19.2%
- Sharpe
- 0.58
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
DSP ELSS Tax Saver Fund
DSP Mutual Fund
- 1Y
- -6.9%
- 3Y
- +13.0%
- Vol
- 15.8%
- Max DD
- -37.2%
- Sharpe
- 0.66
- 3Y win
- +88%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown