The scheme aims to generate regular long term capital growth from a diversified portfolio of equity and equity related securities. The Scheme Will invest in companies with strong growth & a sustainable business model.
The scheme aims to generate long-term capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as per the prevailing tax laws.
Fund Manager
Shreyash Devalkar, Ashish Naik
Harsha Upadhyaya
AMC
Axis Mutual Fund
Kotak Mahindra Mutual Fund
Taxation
Equity
Equity
Launch Date
31 Dec 2012
31 Dec 2012
Portfolio Overlap
42.1%
Moderate overlap
common holdings
42.1% of the combined portfolio weight is common between Axis ELSS Tax Saver Direct Plan-Growth and Kotak ELSS Tax Saver Fund Direct-Growth.
18 stocks appear in both portfolios.
The largest shared holding is HDFC Bank Ltd., at 6.20% of Axis ELSS Tax Saver Direct Plan-Growth and 7.73% of Kotak ELSS Tax Saver Fund Direct-Growth.
The funds share a meaningful part of their portfolios but still differ enough to add some diversification.
Largest common holdings
HDFC Bank Ltd.ICICI Bank Ltd.State Bank of IndiaBharti Airtel Ltd.Bajaj Finance Ltd.Larsen & Toubro Ltd.Eternal Ltd.Axis Bank Ltd.
Kotak ELSS Tax Saver Fund Direct-Growth has delivered the higher 3-year CAGR (13.22% vs 12.44%). Kotak ELSS Tax Saver Fund Direct-Growth is the cheaper of the two with an expense ratio of 0.81% against 1.06%. Axis ELSS Tax Saver Direct Plan-Growth manages the larger corpus at ₹31.87k Cr. There is no single "better" fund — the right choice depends on your holding period, risk appetite and what you already own. Use the returns, risk and portfolio overlap tables above to judge which fits your portfolio, and remember that past returns do not guarantee future performance.
Over 1 year, Kotak ELSS Tax Saver Fund Direct-Growth returned 4.55% against 4.44% for Axis ELSS Tax Saver Direct Plan-Growth; and over 3 years, Kotak ELSS Tax Saver Fund Direct-Growth leads with a 13.22% CAGR versus 12.44%. Returns beyond one year are CAGR (annualised). Short-period returns are heavily influenced by market cycles, so compare over at least three to five years before drawing conclusions.
Kotak ELSS Tax Saver Fund Direct-Growth has the lower expense ratio at 0.81%, compared with 1.06% for Axis ELSS Tax Saver Direct Plan-Growth — a difference of 0.25% a year. The expense ratio is deducted from NAV daily, so a lower ratio directly improves your net return, though it should not be the only reason to pick a fund.
Both Axis ELSS Tax Saver Direct Plan-Growth and Kotak ELSS Tax Saver Fund Direct-Growth carry a "Very High" rating on the SEBI Riskometer. Within the same riskometer band, differences still show up in maximum drawdown, volatility and market-cap mix — all of which are compared in the tables above.
The portfolio overlap between the two funds is 42.1%, which is considered moderate. At this level the funds share a meaningful part of their portfolios but still differ enough to add some diversification. You can see the shared stocks in the overlap section above.
Yes — both are Equity: ELSS funds, which means they follow similar mandates and are benchmarked against comparable indices. That makes a direct comparison of returns, expense ratio and risk meaningful.
Axis ELSS Tax Saver Direct Plan-Growth has a NAV of ₹112.92 and an AUM of ₹31.87k Cr, and was launched on 31 Dec 2012. Kotak ELSS Tax Saver Fund Direct-Growth has a NAV of ₹140.58 and an AUM of ₹6.20k Cr, launched on 31 Dec 2012. NAV on its own says nothing about how expensive or cheap a fund is — only the return on it matters.
