Loading…
ELSS (tax saving) · Axis Mutual Fund · AMFI code 112322Axis ELSS- Tax Saver Fund
Disclosed for 7 months, Jan 2026 to Sep 2026.
Portfolio value
₹29,076 Cr
down ₹4,110 Cr vs Feb 2026
- Stocks held
- 75
- down 6 vs Feb 2026
- Top 10 weight
- 38.3%
- of the portfolio in its ten largest
- Cash & debt
- 4.4%
- cash, money market and debt
- Moves this month
- 1 in · 7 out
- added to 10, trimmed 63
Axis ELSS- Tax Saver Fund is an active equity fund in the ELSS (tax saving) category from Axis Mutual Fund. In March 2026 it disclosed 75 stocks worth ₹29,076 Cr, down ₹4,110 Cr from Feb 2026. Its largest positions were ICICI Bank Limited (7.3%), HDFC Bank Limited (5.7%), Bharti Airtel Limited (4.3%); the ten largest together made up 38.3% of the portfolio, and Banks was the biggest sector at 22.1% of its equity. Cash and debt stood at 4.4%. Compared with Feb 2026 the fund entered 1 new stock and exited 7.
Against 46 other ELSS (tax saving) funds
Concentration
33%
Top-10 weight is higher than 33% of peers
Breadth
83%
Holds more stocks than 83% of peers
Cash
76%
Holds more cash than 76% of peers
What these mean: concentration · cash
Holdings in March 2026
Download CSVEvery line the fund disclosed, with the change against Feb 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 | 7.29% | down 0.01 pts | ₹2,120 Cr | down ₹304 Cr | Trimmed |
| HDFC Bank Limited | 5.74% | down 0.80 pts | ₹1,669 Cr | down ₹500 Cr | Trimmed |
| Cash, TREPS & receivables | 4.42% | up 1.26 pts | ₹1,286 Cr | up ₹236 Cr | Added |
| Bharti Airtel Limited | 4.32% | up 0.61 pts | ₹1,256 Cr | up ₹25.4 Cr | Added |
| Infosys Limited | 3.71% | up 0.33 pts | ₹1,079 Cr | down ₹42.7 Cr | Trimmed |
| Reliance Industries Limited | 3.34% | up 0.51 pts | ₹970 Cr | up ₹33.7 Cr | Added |
| Bajaj Finance Limited | 3.33% | down 0.01 pts | ₹968 Cr | down ₹141 Cr | Trimmed |
| State Bank of India | 2.78% | down 0.21 pts | ₹808 Cr | down ₹184 Cr | Trimmed |
| Larsen & Toubro Limited | 2.73% | down 0.24 pts | ₹794 Cr | down ₹192 Cr | Trimmed |
| Mahindra & Mahindra Limited | 2.72% | up 0.11 pts | ₹792 Cr | down ₹76 Cr | Trimmed |
| Eternal Limited | 2.38% | up 0.23 pts | ₹693 Cr | down ₹21.3 Cr | Trimmed |
| Divi's Laboratories Limited | 2.34% | up 0.13 pts | ₹682 Cr | down ₹52.9 Cr | Trimmed |
| Pidilite Industries Limited | 2.33% | up 0.08 pts | ₹676 Cr | down ₹70.3 Cr | Trimmed |
| UltraTech Cement Limited | 2.13% | down 0.07 pts | ₹618 Cr | down ₹111 Cr | Trimmed |
| Torrent Power Limited | 2.02% | down 0.10 pts | ₹587 Cr | down ₹117 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 1.86% | down 0.05 pts | ₹542 Cr | down ₹94.8 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 1.84% | down 0.11 pts | ₹536 Cr | down ₹113 Cr | Trimmed |
| Axis Bank Limited | 1.82% | up 0.17 pts | ₹531 Cr | down ₹17.3 Cr | Trimmed |
| CG Power and Industrial Solutions Limited | 1.73% | up 0.05 pts | ₹502 Cr | down ₹53.7 Cr | Trimmed |
| Tata Consultancy Services Limited | 1.70% | up 0.03 pts | ₹495 Cr | down ₹58.5 Cr | Trimmed |
| PI Industries Limited | 1.61% | down 0.01 pts | ₹468 Cr | down ₹68.7 Cr | Trimmed |
| Sun Pharmaceutical Industries Limited | 1.42% | up 0.19 pts | ₹413 Cr | up ₹4.8 Cr | Added |
| Titan Company Limited | 1.39% | up 0.06 pts | ₹405 Cr | down ₹38.6 Cr | Trimmed |
| The Indian Hotels Company Limited | 1.38% | down 0.03 pts | ₹400 Cr | down ₹67.4 Cr | Trimmed |
| InterGlobe Aviation Limited | 1.18% | up 0.01 pts | ₹342 Cr | down ₹43.9 Cr | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.16% | down 0.45 pts | ₹336 Cr | down ₹196 Cr | Trimmed |
| HDFC Life Insurance Company Limited | 1.15% | down 0.07 pts | ₹335 Cr | down ₹70.7 Cr | Trimmed |
| Tata Steel Limited | 1.07% | up 0.03 pts | ₹312 Cr | down ₹33.2 Cr | Trimmed |
| Cummins India Limited | 1.05% | up 0.05 pts | ₹306 Cr | down ₹27 Cr | Trimmed |
| Hindustan Unilever Limited | 1.02% | up <0.01 pts | ₹298 Cr | down ₹41 Cr | Trimmed |
| Vishal Mega Mart Limited | 1.00% | up 0.02 pts | ₹292 Cr | down ₹34.6 Cr | Trimmed |
| Mankind Pharma Limited | 0.96% | up 0.02 pts | ₹279 Cr | down ₹33.7 Cr | Trimmed |
| TVS Motor Company Limited | 0.93% | down 0.24 pts | ₹270 Cr | down ₹119 Cr | Trimmed |
| Hyundai Motor India Ltd | 0.93% | down 0.06 pts | ₹270 Cr | down ₹58.7 Cr | Trimmed |
| Sona BLW Precision Forgings Limited | 0.92% | down 0.11 pts | ₹268 Cr | down ₹73.5 Cr | Trimmed |
| The Federal Bank Limited | 0.88% | down 0.34 pts | ₹255 Cr | down ₹149 Cr | Trimmed |
| GE Vernova T&D India Limited | 0.85% | up 0.02 pts | ₹246 Cr | down ₹29.4 Cr | Trimmed |
| Tata Motors Ltd | 0.81% | down 0.10 pts | ₹236 Cr | down ₹66 Cr | Trimmed |
| Max Healthcare Institute Limited | 0.81% | up <0.01 pts | ₹236 Cr | down ₹31.7 Cr | Trimmed |
| Apar Industries Limited | 0.81% | down 0.03 pts | ₹235 Cr | down ₹42.1 Cr | Trimmed |
| Navin Fluorine International Limited | 0.80% | up 0.09 pts | ₹232 Cr | down ₹3.5 Cr | Trimmed |
| PB Fintech Limited | 0.80% | up 0.07 pts | ₹232 Cr | down ₹8.7 Cr | Trimmed |
| Nestle India Limited | 0.78% | up 0.03 pts | ₹227 Cr | down ₹22.5 Cr | Trimmed |
| Karur Vysya Bank Limited | 0.78% | up 0.01 pts | ₹226 Cr | down ₹28.8 Cr | Trimmed |
| JB Chemicals & Pharmaceuticals Limited | 0.77% | up 0.10 pts | ₹225 Cr | up ₹1.2 Cr | Added |
| Solar Industries India Limited | 0.74% | up 0.15 pts | ₹216 Cr | up ₹20.7 Cr | Added |
| Fortis Healthcare Limited | 0.71% | down 0.03 pts | ₹207 Cr | down ₹38.5 Cr | Trimmed |
| Varun Beverages Limited | 0.71% | down 0.02 pts | ₹206 Cr | down ₹36.1 Cr | Trimmed |
| Apollo Hospitals Enterprise Limited | 0.58% | down 0.28 pts | ₹170 Cr | down ₹118 Cr | Trimmed |
| Delhivery Limited | 0.57% | up 0.23 pts | ₹167 Cr | up ₹53.3 Cr | Added |
What changed, Feb 2026 to Mar 2026
New New positions (1)
- Oil & Natural Gas Corporation Limited0.3% · ₹91.6 Cr
Exited Exited (7)
- Hitachi Energy India Limitedwas 0.4% · ₹148 Cr
- Bajaj Finserv Limitedwas 0.4% · ₹147 Cr
- Samvardhana Motherson International Limitedwas 0.4% · ₹124 Cr
- Godrej Consumer Products Limitedwas 0.3% · ₹89.6 Cr
- Info Edge (India) Limitedwas 0.2% · ₹77.7 Cr
- Meesho Ltdwas <0.1% · ₹14.7 Cr
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 Feb 2026, the weight rose most in Pharmaceuticals & Biotechnology (+0.8 pts) and Telecom - Services (+0.7 pts), and fell most in Finance (−1.0 pts) and Banks (−1.0 pts).
- Pharmaceuticals & Biotechnology6.0% → 6.8%+0.8 pts
- Telecom - Services3.8% → 4.5%+0.7 pts
- IT - Software5.9% → 6.5%+0.7 pts
- Petroleum Products2.9% → 3.5%+0.6 pts
- Chemicals & Petrochemicals3.7% → 4.0%+0.4 pts
- Oil0.0% → 0.3%new+0.3 pts
- Finance8.2% → 7.1%−1.0 pts
- Banks23.1% → 22.1%−1.0 pts
- Auto Components2.9% → 2.4%−0.6 pts
- Ferrous Metals1.6% → 1.3%−0.3 pts
- Healthcare Services2.5% → 2.2%−0.3 pts
- Personal Products0.3% → 0.0%exited−0.3 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 | Feb 2026 | Mar 2026 |
|---|---|---|
| Banks | 23.1% | 22.1% |
| Finance | 8.2% | 7.1% |
| Pharmaceuticals & Biotechnology | 6.0% | 6.8% |
| IT - Software | 5.9% | 6.5% |
| Automobiles | 5.4% | 5.3% |
| Retailing | 4.5% | 4.6% |
| Electrical Equipment | 4.8% | 4.6% |
| Telecom - Services | 3.8% | 4.5% |
| Chemicals & Petrochemicals | 3.7% | 4.0% |
| Petroleum Products | 2.9% | 3.5% |
Allocation in Mar 2026change vs Feb 2026
- Banks (7)22.1%▼ 1.0 pts
- Finance (4)7.1%▼ 1.0 pts
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, Mar 2026
4.4%
▲ 1.3 pts vs Feb 2026
- Cash alone
- 4.4%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 3.2% – 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.