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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
₹32,667 Cr
up ₹75.7 Cr vs Jul 2026
- Stocks held
- 68
- up 1 vs Jul 2026
- Top 10 weight
- 36.9%
- of the portfolio in its ten largest
- Cash & debt
- 1.8%
- cash, money market and debt
- Moves this month
- 4 in · 3 out
- added to 10, trimmed 27
Axis ELSS- Tax Saver Fund is an active equity fund in the ELSS (tax saving) category from Axis Mutual Fund. In August 2026 it disclosed 68 stocks worth ₹32,667 Cr, up ₹75.7 Cr from Jul 2026. Its largest positions were ICICI Bank Limited (7.0%), HDFC Bank Limited (5.5%), Bharti Airtel Limited (4.3%); the ten largest together made up 36.9% of the portfolio, and Banks was the biggest sector at 22.0% of its equity. Cash and debt stood at 1.8%. Compared with Jul 2026 the fund entered 4 new stocks and exited 3.
Against 46 other ELSS (tax saving) funds
Concentration
24%
Top-10 weight is higher than 24% of peers
Breadth
76%
Holds more stocks than 76% of peers
Cash
26%
Holds more cash than 26% of peers
What these mean: concentration · cash
Holdings in August 2026
Download CSVEvery line the fund disclosed, with the change against Jul 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 | 7.02% | down 0.37 pts | ₹2,294 Cr | down ₹115 Cr | Trimmed |
| HDFC Bank Limited | 5.55% | down 0.32 pts | ₹1,812 Cr | down ₹100 Cr | Trimmed |
| Bharti Airtel Limited | 4.26% | down 0.39 pts | ₹1,390 Cr | down ₹123 Cr | Trimmed |
| Bajaj Finance Limited | 3.42% | down 0.68 pts | ₹1,118 Cr | down ₹220 Cr | Trimmed |
| Eternal Limited | 3.24% | up 0.08 pts | ₹1,057 Cr | up ₹28.4 Cr | Added |
| Larsen & Toubro Limited | 2.90% | up 0.07 pts | ₹948 Cr | up ₹24.8 Cr | Added |
| Divi's Laboratories Limited | 2.71% | up 0.40 pts | ₹886 Cr | up ₹132 Cr | Added |
| Axis Bank Limited | 2.63% | up 0.34 pts | ₹860 Cr | up ₹111 Cr | Added |
| Pidilite Industries Limited | 2.62% | up 0.01 pts | ₹857 Cr | up ₹4.5 Cr | Added |
| Mahindra & Mahindra Limited | 2.57% | down 0.22 pts | ₹841 Cr | down ₹70 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 2.39% | down 0.03 pts | ₹782 Cr | down ₹9.5 Cr | Trimmed |
| State Bank of India | 2.37% | down 0.03 pts | ₹775 Cr | down ₹7.1 Cr | Trimmed |
| UltraTech Cement Limited | 2.28% | down 0.10 pts | ₹746 Cr | down ₹29.5 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 2.10% | up 0.28 pts | ₹687 Cr | up ₹92.5 Cr | Added |
| PB Fintech Limited | 1.99% | up 0.31 pts | ₹651 Cr | up ₹101 Cr | Added |
| Titan Company Limited | 1.93% | up 0.18 pts | ₹631 Cr | up ₹59.9 Cr | Added |
| Tata Consultancy Services Limited | 1.93% | up 0.17 pts | ₹630 Cr | up ₹58 Cr | Added |
| Cash, TREPS & receivables | 1.79% | down 0.37 pts | ₹585 Cr | down ₹118 Cr | Trimmed |
| Infosys Limited | 1.75% | down 0.36 pts | ₹571 Cr | down ₹117 Cr | Trimmed |
| CG Power and Industrial Solutions Limited | 1.68% | up 0.09 pts | ₹550 Cr | up ₹31.6 Cr | Added |
| Reliance Industries Limited | 1.66% | down 0.24 pts | ₹541 Cr | down ₹76.1 Cr | Trimmed |
| Sun Pharmaceutical Industries Limited | 1.63% | down 0.01 pts | ₹532 Cr | down ₹1.5 Cr | Held |
| The Indian Hotels Company Limited | 1.58% | down 0.01 pts | ₹517 Cr | down ₹46 L | Held |
| Sona BLW Precision Forgings Limited | 1.42% | up <0.01 pts | ₹463 Cr | up ₹1.4 Cr | Held |
| InterGlobe Aviation Limited | 1.36% | up 0.01 pts | ₹444 Cr | up ₹5.3 Cr | Added |
| Tata Motors Ltd | 1.30% | up 0.20 pts | ₹426 Cr | up ₹64.6 Cr | Added |
| Apar Industries Limited | 1.26% | up 0.34 pts | ₹411 Cr | up ₹110 Cr | Added |
| TVS Motor Company Limited | 1.25% | down 0.04 pts | ₹409 Cr | down ₹12.3 Cr | Trimmed |
| PI Industries Limited | 1.25% | down 0.20 pts | ₹408 Cr | down ₹65.7 Cr | Trimmed |
| Vishal Mega Mart Limited | 1.24% | up 0.13 pts | ₹406 Cr | up ₹43.9 Cr | Added |
| Ather Energy Limited | 1.20% | up 0.41 pts | ₹393 Cr | up ₹136 Cr | Added |
| The Federal Bank Limited | 1.19% | down 0.01 pts | ₹390 Cr | down ₹2.3 Cr | Trimmed |
| Solar Industries India Limited | 1.19% | up 0.10 pts | ₹389 Cr | up ₹33.2 Cr | Added |
| One 97 Communications Limited | 1.15% | up 1.15 pts | ₹375 Cr | up ₹375 Cr | New |
| Hyundai Motor India Ltd | 1.14% | up 0.01 pts | ₹373 Cr | up ₹4.1 Cr | Added |
| Navin Fluorine International Limited | 1.10% | up 0.22 pts | ₹359 Cr | up ₹73.4 Cr | Added |
| Cummins India Limited | 1.06% | down 0.09 pts | ₹347 Cr | down ₹28.1 Cr | Trimmed |
| Mankind Pharma Limited | 1.03% | down 0.02 pts | ₹337 Cr | down ₹7 Cr | Trimmed |
| Torrent Pharmaceuticals Limited | 1.00% | down 0.13 pts | ₹328 Cr | down ₹42.7 Cr | Trimmed |
| The Phoenix Mills Limited | 0.96% | up <0.01 pts | ₹314 Cr | up ₹1.1 Cr | Held |
| Fortis Healthcare Limited | 0.94% | down 0.01 pts | ₹306 Cr | down ₹2.6 Cr | Trimmed |
| Tata Steel Limited | 0.86% | down 0.26 pts | ₹280 Cr | down ₹84.5 Cr | Trimmed |
| Hindustan Unilever Limited | 0.84% | down 0.06 pts | ₹275 Cr | down ₹18.7 Cr | Trimmed |
| Delhivery Limited | 0.83% | down 0.03 pts | ₹271 Cr | down ₹8.6 Cr | Trimmed |
| Anthem Biosciences Limited | 0.80% | up 0.07 pts | ₹261 Cr | up ₹24.5 Cr | Added |
| Karur Vysya Bank Limited | 0.76% | up 0.01 pts | ₹250 Cr | up ₹3.7 Cr | Added |
| Torrent Power Limited | 0.76% | down 0.53 pts | ₹247 Cr | down ₹173 Cr | Trimmed |
| GE Vernova T&D India Limited | 0.75% | up 0.02 pts | ₹244 Cr | up ₹6.7 Cr | Added |
| JSW Infrastructure Ltd | 0.70% | up 0.17 pts | ₹230 Cr | up ₹54.3 Cr | Added |
| Sundaram Finance Limited | 0.67% | down 0.02 pts | ₹220 Cr | down ₹6.1 Cr | Trimmed |
What changed, Jul 2026 to Aug 2026
New New positions (4)
- One 97 Communications Limited1.1% · ₹375 Cr
- Rubicon Research Limited0.4% · ₹147 Cr
- Shriram Pistons & Rings Limited0.3% · ₹107 Cr
- Dhoot Transmission Ltd0.2% · ₹80 Cr
Exited Exited (3)
- Oil & Natural Gas Corporation Limitedwas 0.6% · ₹192 Cr
- Cipla Limitedwas 0.6% · ₹192 Cr
- Bajaj Auto Limitedwas 0.3% · ₹95.1 Cr
Added Biggest additions
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 Jul 2026, the weight rose most in Financial Technology (fintech) (+1.5 pts) and Auto Components (+0.6 pts), and fell most in Finance (−0.8 pts) and Oil (−0.6 pts).
- Financial Technology (fintech)1.7% → 3.2%+1.5 pts
- Auto Components2.6% → 3.2%+0.6 pts
- Retailing4.7% → 5.1%+0.5 pts
- Electrical Equipment3.8% → 4.2%+0.4 pts
- Chemicals & Petrochemicals4.7% → 5.0%+0.3 pts
- Agricultural, Commercial & Construction Vehicles1.1% → 1.3%+0.2 pts
- Finance7.4% → 6.6%−0.8 pts
- Oil0.6% → 0.0%exited−0.6 pts
- Power1.3% → 0.8%−0.5 pts
- Telecom - Services4.7% → 4.3%−0.4 pts
- Fertilizers & Agrochemicals2.1% → 1.9%−0.3 pts
- Ferrous Metals1.1% → 0.9%−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 | Jul 2026 | Aug 2026 |
|---|---|---|---|---|
| Banks | 23.1% | 22.1% | 22.2% | 22.0% |
| Pharmaceuticals & Biotechnology | 6.0% | 6.8% | 7.6% | 7.8% |
| Finance | 8.2% | 7.1% | 7.4% | 6.6% |
| Automobiles | 5.4% | 5.3% | 6.4% | 6.3% |
| Retailing | 4.5% | 4.6% | 4.7% | 5.1% |
| IT - Software | 5.9% | 6.5% | 5.2% | 5.1% |
| Chemicals & Petrochemicals | 3.7% | 4.0% | 4.7% | 5.0% |
| Telecom - Services | 3.8% | 4.5% | 4.7% | 4.3% |
| Electrical Equipment | 4.8% | 4.6% | 3.8% | 4.2% |
| Auto Components | 2.9% | 2.4% | 2.6% | 3.2% |
Allocation in Aug 2026change vs 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, Aug 2026
1.8%
▼ 0.4 pts vs Jul 2026
- Cash alone
- 1.8%
- 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.