Axis ELSS- Tax Saver Fund vs Helios Large & Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis ELSS- Tax Saver Fund is an ELSS fund and Helios Large & Mid Cap Fund is a Large & Mid Cap fund. In the year to 30-10-2026, Axis ELSS- Tax Saver Fund (Direct) returned −4.5% and Helios Large & Mid Cap Fund (Direct) returned −2.1%. Axis ELSS- Tax Saver Fund charges 1.05% a year and Helios Large & Mid Cap Fund 1.02% (Direct plans). Their portfolios overlap 40.0%: they hold 25 of the same securities.
Axis ELSS- Tax Saver Fund
ELSS
- 1 year return
- −4.5%
- Expense ratio
- 1.05%
- NAV
- ₹106.82
Helios Large & Mid Cap Fund
Large & Mid Cap
- 1 year return
- −2.1%
- Expense ratio
- 1.02%
- NAV
- ₹11.07
Which is better, Axis ELSS- Tax Saver or Helios Large & Mid Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Helios Large & Mid Cap returned more over 1 year: −2.1% against −4.5%.
- Helios Large & Mid Cap costs less: 1.02% a year against 1.05% (Direct plans).
- Axis ELSS- Tax Saver fell less in its worst fall since 04-11-2024: −14.3% against −18.0%.
- Axis ELSS- Tax Saver holds more in large companies: 68.0% of the fund in large caps against 55.8%.
- Axis ELSS- Tax Saver is the larger fund: ₹30,269 Cr against ₹1,463 Cr.
- Their portfolios overlap 40.0%: 25 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis ELSS- Tax Saver Fund | Helios Large & Mid Cap Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Helios Mutual Fund |
| Category | ELSS | Large & Mid Cap |
| AUM | ₹30,269 Cr (30-09-2026) | ₹1,463 Cr (30-09-2026) |
| NAV | ₹106.82 (Direct) | ₹11.07 (Direct) |
| Expense ratio (Direct) | 1.05% | 1.02% |
| Expense ratio (Regular) | 1.76% | 2.54% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty LargeMidcap 250 TRI |
| Launch date | 29-12-2009 | 30-10-2024 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | 3 years | None |
| Fund managers | Shreyash Devalkar Mr. Ashish Naik | Alok Bahl, Pratik Singh |
| Exit load | Nil | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. |
Axis ELSS- Tax Saver vs Helios Large & Mid Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis ELSS- Tax Saver Fund (Direct) | +1.20% | −3.48% | +1.46% | −4.51% | +10.74% | +5.27% | +11.72% |
| Helios Large & Mid Cap Fund (Direct) | −1.42% | −3.32% | +0.91% | −2.12% | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | -- | -- | -- |
Category average: the average of the 50 ELSS funds and the 36 Large & Mid Cap funds, same plan type.
Axis ELSS- Tax Saver vs Helios Large & Mid Cap: Year-wise Returns
| Year | Axis ELSS- Tax SaverAxis ELSS- Tax Saver | Helios Large & Mid CapHelios Large & Mid Cap |
|---|---|---|
| 2026to date | −3.10% | −1.86% |
| 2025 | +5.15% | +9.83% |
| 2024 | +18.30% | -- |
| 2023 | +22.89% | -- |
| 2022 | −11.23% | -- |
| 2021 | +25.60% | -- |
Axis ELSS- Tax Saver vs Helios Large & Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Axis ELSS- Tax Saver Fund
Rolling returns
Every 1-year holding period, 247 of them, one for each trading day from 04-11-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis ELSS- Tax Saver Fund (Direct)
Helios Large & Mid Cap Fund (Direct)
Nifty 500 TRI
to
Dec 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis ELSS- Tax Saver | 33.2 | 36.4 | 23.9 | 6.5 | 0.0 | 0.0 | 0.0 | 2.4% | 2.2% | −7.5% | 14.7% | 17% |
| Helios Large & Mid Cap | 4.5 | 11.9 | 37.3 | 25.8 | 13.1 | 6.6 | 0.8 | 10.3% | 9.7% | −5.3% | 25.4% | 100% |
| Nifty 500 TRI | 23.9 | 32.8 | 31.2 | 9.3 | 2.8 | 0.0 | 0.0 | 3.9% | 3.4% | −9.0% | 17.6% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 04-11-2024. Past returns do not promise future returns.
Axis ELSS- Tax Saver vs Helios Large & Mid Cap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 04-11-2024 to 30-10-2026: 24 instalments, ₹2,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis ELSS- Tax SaverAxis ELSS- Tax Saver Fund (Direct) | ₹2,40,000 | ₹2,41,472 | ₹1,472 | 0.6% |
| Helios Large & Mid CapHelios Large & Mid Cap Fund (Direct) | ₹2,40,000 | ₹2,51,684 | ₹11,684 | 4.7% |
Axis ELSS- Tax SaverAxis ELSS- Tax Saver Fund (Direct)
Helios Large & Mid CapHelios Large & Mid Cap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis ELSS- Tax Saver vs Helios Large & Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis ELSS- Tax Saver Fund (Direct) | Helios Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.51% | −2.12% |
| Standard deviation | 14.43% | 16.46% |
| Sharpe ratio | -0.68 | -0.45 |
| Sortino ratio | -0.91 | -0.61 |
| Maximum drawdown | −14.1% (31-03-2026) | −14.8% (30-03-2026) |
| Beta | 0.99 | 1.08 |
| Alpha | +2.66% | +5.24% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis ELSS- Tax Saver Fund (Direct) | Helios Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.25% | +5.90% |
| Standard deviation | 15.06% | 15.76% |
| Sharpe ratio | 0.61 | 0.02 |
| Sortino ratio | 0.84 | 0.02 |
| Maximum drawdown | −33.5% (23-03-2020) | −18.0% (28-02-2025) |
| Beta | 0.89 | 1.03 |
| Alpha | +3.18% | +5.65% |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Axis ELSS- Tax Saver Fund (Direct)
Helios Large & Mid Cap Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis ELSS- Tax Saver Fund (Direct) | −14.3% | 29-10-2025 | 31-03-2026 | 03-08-2026 | 4 months | −5.8% |
| Helios Large & Mid Cap Fund (Direct) | −18.0% | 16-12-2024 | 28-02-2025 | 27-06-2025 | 4 months | −7.0% |
| Nifty 500 TRI | −14.7% | 13-12-2024 | 28-02-2025 | 09-06-2025 | 3 months | −8.4% |
From daily values since 04-11-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis ELSS- Tax Saver Fund (Direct)
Helios Large & Mid Cap Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis ELSS- Tax Saver Fund (Direct) | 99% | 91% | 3.58% |
| Helios Large & Mid Cap Fund (Direct) | 123% | 96% | 5.79% |
From month-end values since 04-11-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Axis ELSS- Tax Saver vs Helios Large & Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Axis ELSS- Tax Saver Fund, September 2026; Helios Large & Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 40.0%
- Held by both
- 25
- Only in Axis ELSS- Tax Saver
- 46
- Only in Helios Large & Mid Cap
- 34
| Security | % of Axis ELSS- Tax Saver | % of Helios Large & Mid Cap |
|---|---|---|
| HDFC Bank Limited | 6.09% | 4.38% |
| ICICI Bank Limited | 6.89% | 3.86% |
| Eternal Limited | 3.35% | 3.96% |
| Bajaj Finance Limited | 3.35% | 2.61% |
| Kotak Mahindra Bank Limited | 2.47% | 3.03% |
| Larsen & Toubro Limited | 2.70% | 2.37% |
| State Bank of India | 2.32% | 2.51% |
| Titan Company Limited | 1.88% | 2.93% |
| Cholamandalam Investment and Finance Company Ltd | 2.25% | 1.59% |
| Reliance Industries Limited | 1.74% | 1.50% |
| InterGlobe Aviation Limited | 1.46% | 2.30% |
| The Indian Hotels Company Limited | 1.69% | 1.36% |
| Apar Industries Limited | 1.33% | 1.89% |
| Bharti Airtel Limited | 4.45% | 1.15% |
| One 97 Communications Limited | 1.11% | 4.90% |
| Cummins India Limited | 1.07% | 1.83% |
| The Phoenix Mills Limited | 1.06% | 2.72% |
| Fortis Healthcare Limited | 0.86% | 1.51% |
| GE Vernova T&D India Limited | 0.76% | 1.06% |
| Page Industries Limited | 0.68% | 1.28% |
| Marico Limited | 0.68% | 1.28% |
| Vishal Mega Mart Limited | 1.22% | 0.60% |
| Swiggy Limited | 0.54% | 1.03% |
| Billionbrains Garage Ventures Ltd | 0.54% | 1.44% |
| Torrent Pharmaceuticals Limited | 0.51% | 2.12% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.0% means 40.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis ELSS- Tax Saver Fund
| Security | % of fund |
|---|---|
| Divi's Laboratories Limited | 2.74% |
| Axis Bank Limited | 2.73% |
| Mahindra & Mahindra Limited | 2.42% |
| Pidilite Industries Limited | 2.42% |
| UltraTech Cement Limited | 2.36% |
Largest holdings only in Helios Large & Mid Cap Fund
| Security | % of fund |
|---|---|
| Adani Ports and Special Economic Zone Ltd. | 4.33% |
| Adani Enterprises Ltd. | 2.86% |
| Coforge Ltd. | 2.46% |
| Bharat Electronics Ltd. | 2.38% |
| Multi Commodity Exchange of India Ltd. | 1.94% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis ELSS- Tax Saver | Helios Large & Mid Cap |
|---|---|---|
| Equity | 97.9% | 98.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.1% | 1.2% |
Market cap of stocks
| Market cap | Axis ELSS- Tax Saver | Helios Large & Mid Cap |
|---|---|---|
| Large Cap | 68.0% | 55.8% |
| Mid Cap | 21.1% | 39.6% |
| Small Cap | 7.4% | 2.7% |
| Not on AMFI's list | 1.4% | 0.7% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Axis ELSS- Tax Saver | Helios Large & Mid Cap |
|---|---|---|
| Banks | 22.2% | 13.8% |
| Capital Markets | 0.8% | 10.0% |
| Finance | 6.3% | 7.8% |
| Pharmaceuticals & Biotechnology | 7.7% | 3.5% |
| Automobiles | 5.7% | 0.9% |
| Retailing | 5.1% | 5.6% |
| Transport Infrastructure | 0.8% | 5.6% |
| Electrical Equipment | 4.1% | 5.3% |
| IT - Software | 4.9% | 2.5% |
The six largest sectors of each fund's stocks, % of the fund.
Axis ELSS- Tax Saver vs Helios Large & Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis ELSS- Tax Saver Fund | Helios Large & Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.05% | 1.02% |
| Base expense ratio (Direct) | 0.74% | 0.50% |
| Total expense ratio (Regular) | 1.76% | 2.54% |
| Base expense ratio (Regular) | 1.35% | 1.81% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Axis ELSS- Tax Saver with
Axis ELSS- Tax Saver Fund vs Helios Large & Mid Cap Fund: Frequently Asked Questions
What is the difference between Axis ELSS- Tax Saver Fund and Helios Large & Mid Cap Fund?
Axis ELSS- Tax Saver Fund is an ELSS fund, Helios Large & Mid Cap Fund is a Large & Mid Cap fund, run by Axis Mutual Fund and Helios Mutual Fund. Their portfolios overlap 40.0%. Axis ELSS- Tax Saver Fund charges 1.05% a year and Helios Large & Mid Cap Fund 1.02%.
Which has given higher returns, Axis ELSS- Tax Saver Fund or Helios Large & Mid Cap Fund?
Over 1 year: Axis ELSS- Tax Saver Fund −4.51%, Helios Large & Mid Cap Fund −2.12%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis ELSS- Tax Saver Fund or Helios Large & Mid Cap Fund?
Helios Large & Mid Cap Fund charges less: 1.02% a year against 1.05%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis ELSS- Tax Saver Fund and Helios Large & Mid Cap Fund overlap?
40.0%. They hold 25 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, ETERNAL. From each fund's latest monthly portfolio.
Which is riskier, Axis ELSS- Tax Saver Fund or Helios Large & Mid Cap Fund?
On SEBI's riskometer, Axis ELSS- Tax Saver Fund is rated Very High and Helios Large & Mid Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 14.43% and 16.46% a year.
Can I invest in both Axis ELSS- Tax Saver Fund and Helios Large & Mid Cap Fund?
Yes. 40.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis ELSS- Tax Saver Fund and Helios Large & Mid Cap Fund?
Axis ELSS- Tax Saver Fund: Shreyash Devalkar Mr. Ashish Naik. Helios Large & Mid Cap Fund: Alok Bahl, Pratik Singh.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.