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ELSS (tax saving) · Axis Mutual Fund · AMFI code 112322Axis ELSS- Tax Saver Fund
Disclosed for 7 months, Jan 2026 to Sep 2026.
Portfolio value
₹30,269 Cr
down ₹2,398 Cr vs Aug 2026
- Stocks held
- 71
- up 3 vs Aug 2026
- Top 10 weight
- 37.2%
- of the portfolio in its ten largest
- Cash & debt
- 2.1%
- cash, money market and debt
- Moves this month
- 4 in · 1 out
- added to 10, trimmed 52
Axis ELSS- Tax Saver Fund is an active equity fund in the ELSS (tax saving) category from Axis Mutual Fund. In September 2026 it disclosed 71 stocks worth ₹30,269 Cr, down ₹2,398 Cr from Aug 2026. Its largest positions were ICICI Bank Limited (6.9%), HDFC Bank Limited (6.1%), Bharti Airtel Limited (4.5%); the ten largest together made up 37.2% of the portfolio, and Banks was the biggest sector at 22.7% of its equity. Cash and debt stood at 2.1%. Compared with Aug 2026 the fund entered 4 new stocks and exited 1.
Against 46 other ELSS (tax saving) funds
Concentration
26%
Top-10 weight is higher than 26% of peers
Breadth
76%
Holds more stocks than 76% of peers
Cash
33%
Holds more cash than 33% of peers
What these mean: concentration · cash
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 6.89% | down 0.13 pts | ₹2,085 Cr | down ₹209 Cr | Trimmed |
| HDFC Bank Limited | 6.09% | up 0.54 pts | ₹1,843 Cr | up ₹30.5 Cr | Added |
| Bharti Airtel Limited | 4.45% | up 0.20 pts | ₹1,348 Cr | down ₹42.1 Cr | Trimmed |
| Eternal Limited | 3.35% | up 0.12 pts | ₹1,015 Cr | down ₹42 Cr | Trimmed |
| Bajaj Finance Limited | 3.35% | down 0.07 pts | ₹1,015 Cr | down ₹103 Cr | Trimmed |
| Divi's Laboratories Limited | 2.74% | up 0.03 pts | ₹830 Cr | down ₹56 Cr | Trimmed |
| Axis Bank Limited | 2.73% | up 0.10 pts | ₹827 Cr | down ₹33.3 Cr | Trimmed |
| Larsen & Toubro Limited | 2.70% | down 0.20 pts | ₹817 Cr | down ₹131 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 2.47% | up 0.36 pts | ₹747 Cr | up ₹59.7 Cr | Added |
| Mahindra & Mahindra Limited | 2.42% | down 0.15 pts | ₹733 Cr | down ₹107 Cr | Trimmed |
| Pidilite Industries Limited | 2.42% | down 0.20 pts | ₹733 Cr | down ₹124 Cr | Trimmed |
| UltraTech Cement Limited | 2.36% | up 0.07 pts | ₹714 Cr | down ₹32.2 Cr | Trimmed |
| State Bank of India | 2.32% | down 0.05 pts | ₹701 Cr | down ₹73.4 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 2.25% | down 0.14 pts | ₹682 Cr | down ₹100 Cr | Trimmed |
| Cash, TREPS & receivables | 2.11% | up 0.32 pts | ₹639 Cr | up ₹54.3 Cr | Added |
| Titan Company Limited | 1.88% | down 0.06 pts | ₹568 Cr | down ₹63.8 Cr | Trimmed |
| Tata Consultancy Services Limited | 1.78% | down 0.15 pts | ₹538 Cr | down ₹91.5 Cr | Trimmed |
| Reliance Industries Limited | 1.74% | up 0.09 pts | ₹528 Cr | down ₹13.4 Cr | Trimmed |
| The Indian Hotels Company Limited | 1.69% | up 0.10 pts | ₹511 Cr | down ₹6.5 Cr | Trimmed |
| Infosys Limited | 1.65% | down 0.09 pts | ₹501 Cr | down ₹70.3 Cr | Trimmed |
| CG Power and Industrial Solutions Limited | 1.63% | down 0.06 pts | ₹493 Cr | down ₹57.3 Cr | Trimmed |
| Sun Pharmaceutical Industries Limited | 1.61% | down 0.02 pts | ₹487 Cr | down ₹45.1 Cr | Trimmed |
| Sona BLW Precision Forgings Limited | 1.56% | up 0.14 pts | ₹472 Cr | up ₹9.6 Cr | Added |
| InterGlobe Aviation Limited | 1.46% | up 0.10 pts | ₹441 Cr | down ₹3.1 Cr | Trimmed |
| Apar Industries Limited | 1.33% | up 0.08 pts | ₹404 Cr | down ₹7.4 Cr | Trimmed |
| PI Industries Limited | 1.31% | up 0.06 pts | ₹398 Cr | down ₹10.3 Cr | Trimmed |
| Tata Motors Ltd | 1.26% | down 0.04 pts | ₹381 Cr | down ₹44.7 Cr | Trimmed |
| Solar Industries India Limited | 1.26% | up 0.07 pts | ₹381 Cr | down ₹7.9 Cr | Trimmed |
| Vishal Mega Mart Limited | 1.22% | down 0.02 pts | ₹370 Cr | down ₹35.3 Cr | Trimmed |
| PB Fintech Limited | 1.22% | down 0.77 pts | ₹369 Cr | down ₹282 Cr | Trimmed |
| Hyundai Motor India Ltd | 1.14% | down 0.01 pts | ₹344 Cr | down ₹29.4 Cr | Trimmed |
| Navin Fluorine International Limited | 1.13% | up 0.04 pts | ₹343 Cr | down ₹15.3 Cr | Trimmed |
| One 97 Communications Limited | 1.11% | down 0.04 pts | ₹336 Cr | down ₹38.9 Cr | Trimmed |
| Ather Energy Limited | 1.08% | down 0.13 pts | ₹326 Cr | down ₹67 Cr | Trimmed |
| Cummins India Limited | 1.07% | up 0.01 pts | ₹323 Cr | down ₹23.4 Cr | Trimmed |
| The Federal Bank Limited | 1.06% | down 0.13 pts | ₹321 Cr | down ₹68.8 Cr | Trimmed |
| The Phoenix Mills Limited | 1.06% | up 0.10 pts | ₹320 Cr | up ₹5.8 Cr | Added |
| TVS Motor Company Limited | 1.03% | down 0.22 pts | ₹311 Cr | down ₹98.1 Cr | Trimmed |
| Tata Steel Limited | 0.93% | up 0.07 pts | ₹280 Cr | down ₹8 L | Held |
| Fortis Healthcare Limited | 0.86% | down 0.08 pts | ₹260 Cr | down ₹46.2 Cr | Trimmed |
| INDO-MIM Ltd. | 0.85% | up 0.30 pts | ₹258 Cr | up ₹76.7 Cr | Added |
| Anthem Biosciences Limited | 0.83% | up 0.03 pts | ₹251 Cr | down ₹10.1 Cr | Trimmed |
| Delhivery Limited | 0.83% | down <0.01 pts | ₹250 Cr | down ₹20.5 Cr | Trimmed |
| HCL Technologies Limited | 0.82% | up 0.15 pts | ₹247 Cr | up ₹28 Cr | Added |
| JSW Infrastructure Ltd | 0.80% | up 0.09 pts | ₹241 Cr | up ₹11.2 Cr | Added |
| GE Vernova T&D India Limited | 0.76% | up 0.01 pts | ₹230 Cr | down ₹13.4 Cr | Trimmed |
| Mankind Pharma Limited | 0.76% | down 0.27 pts | ₹230 Cr | down ₹107 Cr | Trimmed |
| Krishna Institute Of Medical Sciences Limited | 0.70% | up 0.18 pts | ₹212 Cr | up ₹41.9 Cr | Added |
| Sundaram Finance Limited | 0.70% | up 0.02 pts | ₹211 Cr | down ₹9 Cr | Trimmed |
| Marico Limited | 0.68% | up 0.15 pts | ₹205 Cr | up ₹32.7 Cr | Added |
What changed, Aug 2026 to Sep 2026
New New positions (4)
- Gland Pharma Limited0.5% · ₹145 Cr
- Aurobindo Pharma Limited0.2% · ₹74 Cr
- National Stock Exchange Of India Ltd0.2% · ₹64.3 Cr
- Dr. Reddy's Laboratories Limited0.1% · ₹20 Cr
Exited Exited (1)
- Max Healthcare Institute Limitedwas 0.6% · ₹191 Cr
Added Biggest additions
- INDO-MIM Ltd.up ₹76.7 Cr (+0.30% pts)
- Kotak Mahindra Bank Limitedup ₹59.7 Cr (+0.36% pts)
- Krishna Institute Of Medical Sciences Limitedup ₹41.9 Cr (+0.18% pts)
- Marico Limitedup ₹32.7 Cr (+0.15% pts)
- HDFC Bank Limitedup ₹30.5 Cr (+0.54% pts)
- HCL Technologies Limitedup ₹28 Cr (+0.15% pts)
- Dhoot Transmission Ltdup ₹19.8 Cr (+0.08% pts)
- JSW Infrastructure Ltdup ₹11.2 Cr (+0.09% pts)
- Tata Consumer Products Limitedup ₹10.6 Cr (+0.07% pts)
- Sona BLW Precision Forgings Limitedup ₹9.6 Cr (+0.14% pts)
Trimmed Biggest reductions
- PB Fintech Limiteddown ₹282 Cr (−0.77% pts)
- ICICI Bank Limiteddown ₹209 Cr (−0.13% pts)
- Torrent Pharmaceuticals Limiteddown ₹174 Cr (−0.50% pts)
- Larsen & Toubro Limiteddown ₹131 Cr (−0.20% pts)
- Torrent Power Limiteddown ₹129 Cr (−0.37% pts)
- Pidilite Industries Limiteddown ₹124 Cr (−0.20% pts)
- Mahindra & Mahindra Limiteddown ₹107 Cr (−0.15% pts)
- Mankind Pharma Limiteddown ₹107 Cr (−0.27% pts)
- Bajaj Finance Limiteddown ₹103 Cr (−0.07% pts)
- Cholamandalam Investment and Finance Company Limiteddown ₹100 Cr (−0.14% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Aug 2026, the weight rose most in Banks (+0.7 pts) and Industrial Manufacturing (+0.3 pts), and fell most in Financial Technology (fintech) (−0.8 pts) and Automobiles (−0.5 pts).
- Banks22.0% → 22.7%+0.7 pts
- Industrial Manufacturing0.6% → 0.9%+0.3 pts
- Auto Components3.2% → 3.5%+0.3 pts
- Capital Markets0.5% → 0.8%+0.2 pts
- Agricultural Food & Other Products1.0% → 1.2%+0.2 pts
- Telecom - Services4.3% → 4.5%+0.2 pts
- Financial Technology (fintech)3.2% → 2.4%−0.8 pts
- Automobiles6.3% → 5.8%−0.5 pts
- Healthcare Services2.1% → 1.6%−0.5 pts
- Power0.8% → 0.4%−0.4 pts
- Diversified FMCG0.9% → 0.6%−0.2 pts
- Construction3.0% → 2.8%−0.2 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Mar 2026 | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|
| Banks | 22.1% | 23.7% | 22.0% | 22.7% |
| Pharmaceuticals & Biotechnology | 6.8% | 7.4% | 7.8% | 7.9% |
| Finance | 7.1% | 7.0% | 6.6% | 6.4% |
| Automobiles | 5.3% | 5.4% | 6.3% | 5.8% |
| Retailing | 4.6% | 4.7% | 5.1% | 5.2% |
| IT - Software | 6.5% | 3.6% | 5.1% | 5.0% |
| Chemicals & Petrochemicals | 4.0% | 4.9% | 5.0% | 4.9% |
| Telecom - Services | 4.5% | 4.3% | 4.3% | 4.5% |
| Electrical Equipment | 4.6% | 4.7% | 4.2% | 4.2% |
| Auto Components | 2.4% | 2.5% | 3.2% | 3.5% |
Allocation in Sep 2026change vs Aug 2026
- Banks (7)22.7%▲ 0.7 pts
- Pharmaceuticals & Biotechnology (9)7.9%▲ 0.1 pts
- Finance (3)6.4%▼ 0.2 pts
- Automobiles (4)5.8%▼ 0.5 pts
- Retailing (3)5.2%▲ 0.1 pts
- IT - Software (4)5.0%▼ 0.1 pts
- Chemicals & Petrochemicals (3)4.9%▼ 0.1 pts
- Telecom - Services (1)4.5%▲ 0.2 pts
- Electrical Equipment (4)4.2%
- Auto Components (5)3.5%▲ 0.3 pts
- Construction (1)2.8%▼ 0.2 pts
- Cement & Cement Products (1)2.4%▲ 0.1 pts
- Financial Technology (fintech) (2)2.4%▼ 0.8 pts
- Transport Services (2)2.3%▲ 0.1 pts
- Fertilizers & Agrochemicals (2)1.9%▲ 0.1 pts
- Consumer Durables (1)1.9%▼ 0.1 pts
- Petroleum Products (1)1.8%▲ 0.1 pts
- Leisure Services (1)1.7%▲ 0.1 pts
- Healthcare Services (2)1.6%▼ 0.5 pts
- Agricultural, Commercial & Construction Vehicles (1)1.3%
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Sep 2026
2.1%
▲ 0.3 pts vs Aug 2026
- Cash alone
- 2.1%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.8% – 4.4%
- lowest to highest · record 4.4% in Mar 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.
All 7 months
| Month | Portfolio value | Stocks | Entered | Exited | Cash | Cash & debt | Turnover |
|---|---|---|---|---|---|---|---|
| Sep 2026 | ₹30,269 Cr | 71 | 4 | 1 | 2.1% | 2.1% | 2% |
| Aug 2026 | ₹32,667 Cr | 68 | 4 | 3 | 1.8% | 1.8% | 4% |
| Jul 2026 | ₹32,592 Cr | 67 | 5 | 6 | 2.2% | 2.2% | 6% |
| Jun 2026 | ₹31,869 Cr | 68 | 10 | 17 | 2.3% | 2.3% | 5% |
| Mar 2026 | ₹29,076 Cr | 75 | 1 | 7 | 4.4% | 4.4% | — |
| Feb 2026 | ₹33,186 Cr | 81 | 3 | 12 | 3.2% | 3.2% | — |
| Jan 2026 | ₹32,930 Cr | 90 | 3.2% | 3.2% | — |