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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
₹32,592 Cr
up ₹722 Cr vs Jun 2026
- Stocks held
- 67
- down 1 vs Jun 2026
- Top 10 weight
- 38.2%
- of the portfolio in its ten largest
- Cash & debt
- 2.2%
- cash, money market and debt
- Moves this month
- 5 in · 6 out
- added to 10, trimmed 26
Axis ELSS- Tax Saver Fund is an active equity fund in the ELSS (tax saving) category from Axis Mutual Fund. In July 2026 it disclosed 67 stocks worth ₹32,592 Cr, up ₹722 Cr from Jun 2026. Its largest positions were ICICI Bank Limited (7.4%), HDFC Bank Limited (5.9%), Bharti Airtel Limited (4.6%); the ten largest together made up 38.2% of the portfolio, and Banks was the biggest sector at 22.2% of its equity. Cash and debt stood at 2.2%. Compared with Jun 2026 the fund entered 5 new stocks and exited 6.
Against 46 other ELSS (tax saving) funds
Concentration
33%
Top-10 weight is higher than 33% of peers
Breadth
74%
Holds more stocks than 74% of peers
Cash
35%
Holds more cash than 35% of peers
What these mean: concentration · cash
Holdings in July 2026
Download CSVEvery line the fund disclosed, with the change against Jun 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 | 7.39% | down 0.35 pts | ₹2,409 Cr | down ₹56.8 Cr | Trimmed |
| HDFC Bank Limited | 5.87% | down 0.34 pts | ₹1,912 Cr | down ₹64.4 Cr | Trimmed |
| Bharti Airtel Limited | 4.64% | up 0.44 pts | ₹1,513 Cr | up ₹175 Cr | Added |
| Bajaj Finance Limited | 4.11% | up 0.19 pts | ₹1,339 Cr | up ₹91.8 Cr | Added |
| Eternal Limited | 3.16% | up 0.33 pts | ₹1,029 Cr | up ₹129 Cr | Added |
| Larsen & Toubro Limited | 2.83% | down 0.21 pts | ₹923 Cr | down ₹47.9 Cr | Trimmed |
| Mahindra & Mahindra Limited | 2.79% | up 0.21 pts | ₹911 Cr | up ₹88.3 Cr | Added |
| Pidilite Industries Limited | 2.61% | down 0.10 pts | ₹852 Cr | down ₹14 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 2.43% | down 0.04 pts | ₹792 Cr | up ₹4.2 Cr | Added |
| State Bank of India | 2.40% | down 0.56 pts | ₹782 Cr | down ₹161 Cr | Trimmed |
| UltraTech Cement Limited | 2.38% | up 0.23 pts | ₹775 Cr | up ₹89.9 Cr | Added |
| Divi's Laboratories Limited | 2.31% | up 0.24 pts | ₹754 Cr | up ₹94.6 Cr | Added |
| Axis Bank Limited | 2.30% | down 0.27 pts | ₹749 Cr | down ₹70.8 Cr | Trimmed |
| Cash, TREPS & receivables | 2.16% | down 0.10 pts | ₹703 Cr | down ₹16.2 Cr | Trimmed |
| Infosys Limited | 2.11% | down 0.28 pts | ₹688 Cr | down ₹72.7 Cr | Trimmed |
| Reliance Industries Limited | 1.89% | down 0.72 pts | ₹617 Cr | down ₹217 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 1.82% | down 0.28 pts | ₹594 Cr | down ₹75.9 Cr | Trimmed |
| Tata Consultancy Services Limited | 1.75% | up 1.17 pts | ₹572 Cr | up ₹386 Cr | Added |
| Titan Company Limited | 1.75% | up 0.13 pts | ₹571 Cr | up ₹55.2 Cr | Added |
| PB Fintech Limited | 1.69% | up 0.27 pts | ₹550 Cr | up ₹96.9 Cr | Added |
| Sun Pharmaceutical Industries Limited | 1.64% | up 0.07 pts | ₹533 Cr | up ₹34.3 Cr | Added |
| CG Power and Industrial Solutions Limited | 1.59% | down 0.52 pts | ₹518 Cr | down ₹153 Cr | Trimmed |
| The Indian Hotels Company Limited | 1.59% | up 0.02 pts | ₹518 Cr | up ₹17.2 Cr | Added |
| PI Industries Limited | 1.45% | up 0.07 pts | ₹474 Cr | up ₹33.8 Cr | Added |
| Sona BLW Precision Forgings Limited | 1.42% | up 0.25 pts | ₹461 Cr | up ₹89.6 Cr | Added |
| InterGlobe Aviation Limited | 1.34% | down 0.50 pts | ₹438 Cr | down ₹150 Cr | Trimmed |
| TVS Motor Company Limited | 1.29% | up 0.28 pts | ₹422 Cr | up ₹98.2 Cr | Added |
| Torrent Power Limited | 1.29% | down 0.03 pts | ₹420 Cr | down ₹48 L | Held |
| The Federal Bank Limited | 1.20% | up 0.27 pts | ₹392 Cr | up ₹94.9 Cr | Added |
| Cummins India Limited | 1.15% | down 0.06 pts | ₹375 Cr | down ₹9.5 Cr | Trimmed |
| Torrent Pharmaceuticals Limited | 1.14% | up 0.73 pts | ₹370 Cr | up ₹241 Cr | Added |
| Hyundai Motor India Ltd | 1.13% | up 0.12 pts | ₹369 Cr | up ₹46.6 Cr | Added |
| Tata Steel Limited | 1.12% | down 0.02 pts | ₹365 Cr | up ₹3.1 Cr | Added |
| Tata Motors Ltd | 1.11% | up 0.01 pts | ₹362 Cr | up ₹11.5 Cr | Added |
| Vishal Mega Mart Limited | 1.11% | up 0.02 pts | ₹362 Cr | up ₹13.2 Cr | Added |
| Solar Industries India Limited | 1.09% | down 0.04 pts | ₹356 Cr | down ₹5.9 Cr | Trimmed |
| Mankind Pharma Limited | 1.06% | down 0.06 pts | ₹344 Cr | down ₹10.6 Cr | Trimmed |
| The Phoenix Mills Limited | 0.96% | up 0.29 pts | ₹313 Cr | up ₹98.9 Cr | Added |
| Fortis Healthcare Limited | 0.95% | down 0.03 pts | ₹309 Cr | down ₹3.9 Cr | Trimmed |
| Apar Industries Limited | 0.92% | down 0.13 pts | ₹301 Cr | down ₹34.5 Cr | Trimmed |
| Hindustan Unilever Limited | 0.90% | down 0.15 pts | ₹294 Cr | down ₹41.3 Cr | Trimmed |
| Navin Fluorine International Limited | 0.88% | down 0.03 pts | ₹285 Cr | down ₹4.5 Cr | Trimmed |
| Delhivery Limited | 0.86% | down 0.02 pts | ₹279 Cr | down ₹12 L | Held |
| Max Healthcare Institute Limited | 0.85% | down 0.13 pts | ₹277 Cr | down ₹34.5 Cr | Trimmed |
| Ather Energy Limited | 0.79% | up 0.16 pts | ₹257 Cr | up ₹56.5 Cr | Added |
| Karur Vysya Bank Limited | 0.75% | up 0.09 pts | ₹246 Cr | up ₹33.3 Cr | Added |
| GE Vernova T&D India Limited | 0.73% | down 0.24 pts | ₹237 Cr | down ₹71.8 Cr | Trimmed |
| Anthem Biosciences Limited | 0.73% | up 0.12 pts | ₹236 Cr | up ₹43.8 Cr | Added |
| Page Industries Limited | 0.70% | up 0.12 pts | ₹227 Cr | up ₹41.8 Cr | Added |
| Sundaram Finance Limited | 0.69% | up 0.20 pts | ₹226 Cr | up ₹69.5 Cr | Added |
What changed, Jun 2026 to Jul 2026
New New positions (5)
- HCL Technologies Limited0.6% · ₹199 Cr
- Marico Limited0.5% · ₹172 Cr
- INDO-MIM Ltd.0.4% · ₹146 Cr
- Swiggy Limited0.3% · ₹96.3 Cr
- Bajaj Auto Limited0.3% · ₹95.1 Cr
Exited Exited (6)
- JB Chemicals & Pharmaceuticals Limitedwas 0.8% · ₹250 Cr
- Hindalco Industries Limitedwas 0.7% · ₹232 Cr
- Trent Limitedwas 0.6% · ₹205 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 Jun 2026, the weight rose most in IT - Software (+1.6 pts) and Automobiles (+1.1 pts), and fell most in Banks (−1.5 pts) and Electrical Equipment (−0.9 pts).
- IT - Software3.6% → 5.2%+1.6 pts
- Automobiles5.4% → 6.4%+1.1 pts
- Agricultural Food & Other Products<0.1% → 1.0%+0.9 pts
- Industrial Manufacturing0.0% → 0.5%new+0.5 pts
- Telecom - Services4.3% → 4.7%+0.4 pts
- Finance7.0% → 7.4%+0.4 pts
- Banks23.7% → 22.2%−1.5 pts
- Electrical Equipment4.7% → 3.8%−0.9 pts
- Non - Ferrous Metals0.7% → 0.0%exited−0.7 pts
- Petroleum Products2.7% → 1.9%−0.7 pts
- Transport Services2.8% → 2.3%−0.5 pts
- Insurance0.5% → 0.0%exited−0.5 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 | Jan 2026 | Mar 2026 | Jun 2026 | Jul 2026 |
|---|---|---|---|---|
| Banks | 22.3% | 22.1% | 23.7% | 22.2% |
| Pharmaceuticals & Biotechnology | 5.6% | 6.8% | 7.4% | 7.6% |
| Finance | 8.4% | 7.1% | 7.0% | 7.4% |
| Automobiles | 5.6% | 5.3% | 5.4% | 6.4% |
| IT - Software | 7.8% | 6.5% | 3.6% | 5.2% |
| Telecom - Services | 4.0% | 4.5% | 4.3% | 4.7% |
| Chemicals & Petrochemicals | 3.7% | 4.0% | 4.9% | 4.7% |
| Retailing | 5.3% | 4.6% | 4.7% | 4.7% |
| Electrical Equipment | 3.9% | 4.6% | 4.7% | 3.8% |
| Construction | 2.8% | 2.9% | 3.1% | 2.9% |
Allocation in Jul 2026
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, Jul 2026
2.2%
▼ 0.1 pts vs Jun 2026
- Cash alone
- 2.2%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 2.2% – 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.