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ELSS (tax saving) · Axis Mutual Fund · AMFI code 112322Axis ELSS- Tax Saver Fund
Disclosed for 9 months, Jan 2026 to Oct 2026.
Portfolio value
₹30,450 Cr
up ₹180 Cr vs Sep 2026
- Stocks held
- 74
- up 3 vs Sep 2026
- Top 10 weight
- 38.3%
- of the portfolio in its ten largest
- Cash & debt
- 2.1%
- cash, money market and debt
- Moves this month
- 5 in · 2 out
- added to 10, trimmed 36
Holdings as of the end of October 2026, from Axis Mutual Fund’s monthly portfolio disclosure. Fund houses publish each month’s portfolio within 10 days of the month end, and this page is updated after they do. How the data is checked
Axis ELSS- Tax Saver Fund is an active equity fund in the ELSS (tax saving) category from Axis Mutual Fund. In October 2026 it disclosed 74 stocks worth ₹30,450 Cr, up ₹180 Cr from Sep 2026. Its largest positions were ICICI Bank Limited (7.2%), HDFC Bank Limited (5.9%), Bharti Airtel Limited (5.0%); the ten largest together made up 38.3% of the portfolio, and Banks was the biggest sector at 23.1% of its equity. Cash and debt stood at 2.1%. Compared with Sep 2026 the fund entered 5 new stocks and exited 2.
Against 47 other ELSS (tax saving) funds
Concentration
30%
Top-10 weight is higher than 30% of peers
Breadth
81%
Holds more stocks than 81% of peers
Cash
34%
Holds more cash than 34% of peers
What these mean: concentration · cash
Holdings in October 2026
Download CSVEvery line the fund disclosed, with the change against Sep 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 | 7.24% | up 0.35 pts | ₹2,206 Cr | up ₹120 Cr | Added |
| HDFC Bank Limited | 5.92% | down 0.17 pts | ₹1,801 Cr | down ₹41.3 Cr | Trimmed |
| Bharti Airtel Limited | 4.97% | up 0.52 pts | ₹1,514 Cr | up ₹166 Cr | Added |
| Eternal Limited | 3.58% | up 0.23 pts | ₹1,091 Cr | up ₹75.1 Cr | Added |
| Bajaj Finance Limited | 3.26% | down 0.09 pts | ₹994 Cr | down ₹21.5 Cr | Trimmed |
| Larsen & Toubro Limited | 2.76% | up 0.06 pts | ₹842 Cr | up ₹24.3 Cr | Added |
| Divi's Laboratories Limited | 2.73% | down 0.01 pts | ₹833 Cr | up ₹2.5 Cr | Held |
| Kotak Mahindra Bank Limited | 2.71% | up 0.25 pts | ₹826 Cr | up ₹79.8 Cr | Added |
| Axis Bank Limited | 2.70% | down 0.04 pts | ₹821 Cr | down ₹6.1 Cr | Trimmed |
| Pidilite Industries Limited | 2.40% | down 0.02 pts | ₹731 Cr | down ₹1.8 Cr | Held |
| UltraTech Cement Limited | 2.36% | up 0.01 pts | ₹719 Cr | up ₹5.8 Cr | Added |
| Mahindra & Mahindra Limited | 2.32% | down 0.10 pts | ₹706 Cr | down ₹27.3 Cr | Trimmed |
| State Bank of India | 2.31% | down 0.01 pts | ₹703 Cr | up ₹1.7 Cr | Held |
| Cholamandalam Investment and Finance Company Limited | 2.19% | down 0.06 pts | ₹668 Cr | down ₹14.3 Cr | Trimmed |
| Tata Consultancy Services Limited | 2.16% | up 0.38 pts | ₹657 Cr | up ₹119 Cr | Added |
| Cash, TREPS & receivables | 2.06% | down 0.05 pts | ₹628 Cr | down ₹11 Cr | Trimmed |
| The Indian Hotels Company Limited | 1.96% | up 0.27 pts | ₹595 Cr | up ₹84.4 Cr | Added |
| Titan Company Limited | 1.80% | down 0.07 pts | ₹549 Cr | down ₹18.6 Cr | Trimmed |
| Reliance Industries Limited | 1.70% | down 0.04 pts | ₹518 Cr | down ₹9.8 Cr | Trimmed |
| Sona BLW Precision Forgings Limited | 1.66% | up 0.10 pts | ₹507 Cr | up ₹34.4 Cr | Added |
| Infosys Limited | 1.65% | down 0.01 pts | ₹501 Cr | up ₹87 L | Held |
| Sun Pharmaceutical Industries Limited | 1.56% | down 0.04 pts | ₹476 Cr | down ₹10.4 Cr | Trimmed |
| CG Power and Industrial Solutions Limited | 1.52% | down 0.10 pts | ₹464 Cr | down ₹29 Cr | Trimmed |
| InterGlobe Aviation Limited | 1.44% | down 0.01 pts | ₹439 Cr | down ₹1.6 Cr | Held |
| Ather Energy Limited | 1.37% | up 0.29 pts | ₹418 Cr | up ₹91.6 Cr | Added |
| Apar Industries Limited | 1.20% | down 0.14 pts | ₹364 Cr | down ₹39.6 Cr | Trimmed |
| Solar Industries India Limited | 1.19% | down 0.06 pts | ₹364 Cr | down ₹17.4 Cr | Trimmed |
| PI Industries Limited | 1.19% | down 0.13 pts | ₹362 Cr | down ₹36.2 Cr | Trimmed |
| Navin Fluorine International Limited | 1.19% | up 0.05 pts | ₹361 Cr | up ₹18.1 Cr | Added |
| Tata Motors Ltd | 1.18% | down 0.08 pts | ₹359 Cr | down ₹22.9 Cr | Trimmed |
| PB Fintech Limited | 1.11% | down 0.11 pts | ₹338 Cr | down ₹31 Cr | Trimmed |
| The Phoenix Mills Limited | 1.06% | up 0.01 pts | ₹324 Cr | up ₹3.7 Cr | Added |
| TVS Motor Company Limited | 1.04% | up 0.02 pts | ₹318 Cr | up ₹6.8 Cr | Added |
| Hyundai Motor India Ltd | 1.04% | down 0.09 pts | ₹317 Cr | down ₹26.8 Cr | Trimmed |
| The Federal Bank Limited | 1.04% | down 0.02 pts | ₹316 Cr | down ₹4.8 Cr | Trimmed |
| Vishal Mega Mart Limited | 1.02% | down 0.21 pts | ₹309 Cr | down ₹60.8 Cr | Trimmed |
| HCL Technologies Limited | 1.00% | up 0.18 pts | ₹305 Cr | up ₹57.7 Cr | Added |
| Cummins India Limited | 0.99% | down 0.07 pts | ₹302 Cr | down ₹20.9 Cr | Trimmed |
| GE Vernova T&D India Limited | 0.87% | up 0.11 pts | ₹265 Cr | up ₹35.1 Cr | Added |
| One 97 Communications Limited | 0.85% | down 0.26 pts | ₹260 Cr | down ₹76.4 Cr | Trimmed |
| Fortis Healthcare Limited | 0.85% | down 0.01 pts | ₹259 Cr | down ₹62 L | Held |
| Delhivery Limited | 0.84% | up 0.02 pts | ₹257 Cr | up ₹6.4 Cr | Added |
| Tata Steel Limited | 0.84% | down 0.09 pts | ₹255 Cr | down ₹25.4 Cr | Trimmed |
| Anthem Biosciences Limited | 0.80% | down 0.03 pts | ₹242 Cr | down ₹8.7 Cr | Trimmed |
| Marico Limited | 0.73% | up 0.06 pts | ₹224 Cr | up ₹18.1 Cr | Added |
| Karur Vysya Bank Limited | 0.72% | up 0.06 pts | ₹220 Cr | up ₹19.3 Cr | Added |
| Billionbrains Garage Ventures Ltd | 0.66% | up 0.12 pts | ₹201 Cr | up ₹36.7 Cr | Added |
| INDO-MIM Ltd. | 0.66% | down 0.19 pts | ₹200 Cr | down ₹57.5 Cr | Trimmed |
| Krishna Institute Of Medical Sciences Limited | 0.65% | down 0.05 pts | ₹199 Cr | down ₹12.6 Cr | Trimmed |
| Craftsman Automation Limited | 0.65% | down 0.01 pts | ₹199 Cr | down ₹2.8 Cr | Trimmed |
What changed, Sep 2026 to Oct 2026
New New positions (5)
- BSE Limited0.5% · ₹141 Cr
- Apollo Hospitals Enterprise Limited0.4% · ₹135 Cr
- Industries Limited0.1% · ₹43.9 Cr
- Varun Beverages Limited0.1% · ₹43.1 Cr
- Jio Platforms Limited0.1% · ₹33 Cr
Exited Exited (2)
- Torrent Pharmaceuticals Limitedwas 0.5% · ₹154 Cr
- Torrent Power Limitedwas 0.4% · ₹118 Cr
Added Biggest additions
- Bharti Airtel Limitedup ₹166 Cr (+0.52% pts)
- ICICI Bank Limitedup ₹120 Cr (+0.35% pts)
- Tata Consultancy Services Limitedup ₹119 Cr (+0.38% pts)
- Ather Energy Limitedup ₹91.6 Cr (+0.29% pts)
- The Indian Hotels Company Limitedup ₹84.4 Cr (+0.27% pts)
- Kotak Mahindra Bank Limitedup ₹79.8 Cr (+0.25% pts)
- Eternal Limitedup ₹75.1 Cr (+0.23% pts)
- HCL Technologies Limitedup ₹57.7 Cr (+0.18% pts)
- Dr. Reddy's Laboratories Limitedup ₹49.6 Cr (+0.16% pts)
- Billionbrains Garage Ventures Ltdup ₹36.7 Cr (+0.12% pts)
Trimmed Biggest reductions
- Mankind Pharma Limiteddown ₹151 Cr (−0.50% pts)
- One 97 Communications Limiteddown ₹76.4 Cr (−0.26% pts)
- Tenneco Clean Air India Limiteddown ₹67.2 Cr (−0.22% pts)
- Vishal Mega Mart Limiteddown ₹60.8 Cr (−0.21% pts)
- INDO-MIM Ltd.down ₹57.5 Cr (−0.19% pts)
- Swiggy Limiteddown ₹48.3 Cr (−0.16% pts)
- JSW Infrastructure Ltddown ₹46.8 Cr (−0.16% pts)
- HDFC Bank Limiteddown ₹41.3 Cr (−0.17% pts)
- Apar Industries Limiteddown ₹39.6 Cr (−0.14% pts)
- PI Industries Limiteddown ₹36.2 Cr (−0.13% pts)
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 Sep 2026, the weight rose most in Telecom - Services (+0.6 pts) and IT - Software (+0.5 pts), and fell most in Pharmaceuticals & Biotechnology (−0.8 pts) and Power (−0.4 pts).
- Telecom - Services4.5% → 5.2%+0.6 pts
- IT - Software5.0% → 5.5%+0.5 pts
- Capital Markets0.8% → 1.3%+0.5 pts
- Banks22.7% → 23.1%+0.4 pts
- Healthcare Services1.6% → 2.0%+0.4 pts
- Leisure Services1.7% → 2.0%+0.3 pts
- Pharmaceuticals & Biotechnology7.9% → 7.1%−0.8 pts
- Power0.4% → 0.0%exited−0.4 pts
- Financial Technology (fintech)2.4% → 2.0%−0.4 pts
- Finance6.4% → 6.2%−0.2 pts
- Industrial Manufacturing0.9% → 0.7%−0.2 pts
- Transport Infrastructure0.8% → 0.7%−0.2 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 | Mar 2026 | Jul 2026 | Sep 2026 | Oct 2026 |
|---|---|---|---|---|
| Banks | 22.1% | 22.2% | 22.7% | 23.1% |
| Pharmaceuticals & Biotechnology | 6.8% | 7.6% | 7.9% | 7.1% |
| Finance | 7.1% | 7.4% | 6.4% | 6.2% |
| Automobiles | 5.3% | 6.4% | 5.8% | 5.9% |
| IT - Software | 6.5% | 5.2% | 5.0% | 5.5% |
| Telecom - Services | 4.5% | 4.7% | 4.5% | 5.2% |
| Retailing | 4.6% | 4.7% | 5.2% | 5.1% |
| Chemicals & Petrochemicals | 4.0% | 4.7% | 4.9% | 4.9% |
| Electrical Equipment | 4.6% | 3.8% | 4.2% | 4.1% |
| Auto Components | 2.4% | 2.6% | 3.5% | 3.4% |
Allocation in Oct 2026change vs Sep 2026
- Banks (7)23.1%▲ 0.4 pts
- Pharmaceuticals & Biotechnology (8)7.1%▼ 0.8 pts
- Finance (3)6.2%▼ 0.2 pts
- Automobiles (4)5.9%▲ 0.1 pts
- IT - Software (4)5.5%▲ 0.5 pts
- Telecom - Services (2)5.2%▲ 0.6 pts
- Retailing (3)5.1%▼ 0.1 pts
- Chemicals & Petrochemicals (3)4.9%
- Electrical Equipment (4)4.1%▼ 0.1 pts
- Auto Components (5)3.4%▼ 0.1 pts
- Construction (1)2.8%▲ 0.1 pts
- Cement & Cement Products (1)2.4%
- Transport Services (2)2.3%
- Financial Technology (fintech) (2)2.0%▼ 0.4 pts
- Leisure Services (1)2.0%▲ 0.3 pts
- Healthcare Services (3)2.0%▲ 0.4 pts
- Consumer Durables (1)1.8%▼ 0.1 pts
- Fertilizers & Agrochemicals (2)1.8%▼ 0.2 pts
- Petroleum Products (1)1.7%
- Agricultural Food & Other Products (2)1.3%▲ 0.1 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, Oct 2026
2.1%
unchanged vs Sep 2026
- Cash alone
- 2.1%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.3% – 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.
All 9 months
| Month | Portfolio value | Stocks | Entered | Exited | Cash | Cash & debt | Turnover |
|---|---|---|---|---|---|---|---|
| Oct 2026 | ₹30,450 Cr | 74 | 5 | 2 | 2.1% | 2.1% | 2% |
| Sep 2026 | ₹30,269 Cr | 71 | 4 | 1 | 2.1% | 2.1% | 2% |
| Aug 2026 | ₹32,667 Cr | 68 | 4 | 3 | 1.8% | 1.8% | 4% |
| Jul 2026 | ₹32,592 Cr | 67 | 5 | 6 | 2.2% | 2.2% | 6% |
| Jun 2026 | ₹31,869 Cr | 68 | 5 | 9 | 2.3% | 2.3% | 5% |
| May 2026 | ₹31,023 Cr | 72 | 7 | 10 | 1.3% | 1.3% | 4% |
| Mar 2026 | ₹29,076 Cr | 75 | 1 | 7 | 4.4% | 4.4% | — |
| Feb 2026 | ₹33,186 Cr | 81 | 3 | 12 | 3.2% | 3.2% | — |
| Jan 2026 | ₹32,930 Cr | 90 | 3.2% | 3.2% | — |