Question 1

Which funds are similar to Axis ELSS Tax Saver Direct Plan-Growth?

Accepted Answer

Funds similar to Axis ELSS Tax Saver Direct Plan-Growth in the Equity: ELSS category are listed in the Similar Funds tab, selected based on same category and benchmark index.

Question 2

How does Axis ELSS Tax Saver Direct Plan-Growth compare to the category average?

Accepted Answer

The comparison of Axis ELSS Tax Saver Direct Plan-Growth against the Equity: ELSS category average — returns, alpha, beta and Sharpe — is shown in the Category vs Scheme Returns section at the top of the Similar Funds tab.

Question 3

What is the rank of Axis ELSS Tax Saver Direct Plan-Growth in its category?

Accepted Answer

The rank of Axis ELSS Tax Saver Direct Plan-Growth within the Equity: ELSS category is shown in the Trailing Returns section on the Performance tab and the Similar Funds tab.

Question 4

What are the alternatives to Axis ELSS Tax Saver Direct Plan-Growth?

Accepted Answer

Top alternatives to Axis ELSS Tax Saver Direct Plan-Growth in the Equity: ELSS category, sorted by AUM, are listed in the Similar Funds tab. Funds tracking the same benchmark — NIFTY 500 Total Return Index — are also listed separately.

Question 5

How does Axis ELSS Tax Saver Direct Plan-Growth's expense ratio compare to similar funds?

Accepted Answer

The expense ratio of Axis ELSS Tax Saver Direct Plan-Growth is 1.05%. Over a 20-year investment, a 0.5% difference in expense ratio on a ₹10 lakh corpus can amount to lakhs in additional wealth creation.

Question 6

How does Axis ELSS Tax Saver Direct Plan-Growth's AUM compare to similar funds?

Accepted Answer

Axis ELSS Tax Saver Direct Plan-Growth has an AUM of ₹ 31.02 k Cr. AUM reflects investor confidence. For small cap funds, very large AUM can limit portfolio flexibility.

Question 7

Which fund has the best 3-year returns in the Equity: ELSS category?

Accepted Answer

The top-performing funds by 3-year returns in the Equity: ELSS category can be found by sorting the Similar Funds comparison table by the 3Y column.

Question 8

Is Axis ELSS Tax Saver Direct Plan-Growth better than index funds in the same category?

Accepted Answer

Whether Axis ELSS Tax Saver Direct Plan-Growth beats index funds in the Equity: ELSS category can be assessed by comparing its trailing returns against the benchmark returns in the Performance tab. Axis ELSS Tax Saver Direct Plan-Growth has an alpha of -0.81%, indicating underperformance vs the benchmark. Historically, active funds in India have shown mixed results vs index funds — large cap active funds tend to underperform index funds over 10 years, while mid/small cap active managers have often added alpha.

Question 9

How does Axis ELSS Tax Saver Direct Plan-Growth rank in risk-adjusted returns vs peers?

Accepted Answer

Axis ELSS Tax Saver Direct Plan-Growth has a Sharpe ratio of 0.39 and alpha of -0.81%. A Sharpe of 0.39 means the fund generates moderate returns per unit of risk. Risk-adjusted comparison across category peers — Sharpe, alpha and beta — is shown in the Alpha, Beta & Sharpe section of the Performance tab.

Question 10

Are there any funds tracking NIFTY 500 Total Return Index with lower costs?

Accepted Answer

Funds tracking the same benchmark as Axis ELSS Tax Saver Direct Plan-Growth — NIFTY 500 Total Return Index — are listed in the Similar Funds tab. Compare their expense ratios to find the most cost-efficient option for the same index exposure.

Period	This Fund	Category Avg	Category Rank
1Y Return	-0.67%	-0.08%	23 / 40
3Y Return	+11.42%	13.97%	29 / 38
5Y Return	+8.31%	13.40%	33 / 33
10Y Return	+12.79%	14.59%	23 / 28

Axis ELSS Tax Saver Direct Plan-Growth

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