HDFC ELSS - Tax Saver Fund
The scheme seeks to generate capital appreciation / income from a portfolio, comprising predominantly of equity & equity related instruments.
Growthvine rating: 3/5 — ranked #18 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹1290.10 (as of 2026-10-23) |
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| AUM | ₹14,949 Cr |
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| Expense ratio | 1.45% |
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| Riskometer | Very High |
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| Fund manager | Amar Kalkundrikar |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 12.29% |
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| Sharpe ratio | 0.41 |
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| Standard deviation | 14.17% |
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| Max drawdown | −59.89% |
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| Alpha | 1.94 |
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| Beta | 0.87 |
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Over 5 years, captured 96.1% of Nifty 500's upside and 77.1% of its downside.
Market cap allocation
| Large cap | 79.0% |
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| Mid cap | 10.2% |
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| Small cap | 10.8% |
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Concentration
| Top 5 holdings | 32.9% |
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| Top 10 holdings | 50.6% |
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| Total holdings | 61 |
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| Index overlap | 38.8% |
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| Active share | 61.2% |
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Top holdings
- ICICI Bank Ltd. — 9.1%
- HDFC Bank Ltd. — 7.9%
- AXIS Bank Ltd. — 6.6%
- Kotak Mahindra Bank Ltd. — 4.9%
- State Bank Of India — 4.5%
- Bharti Airtel Ltd. — 4.4%
- Maruti Suzuki India Ltd. — 4.4%
- SBI Life Insurance Company Limited — 3.2%
- HCL Technologies Ltd — 2.9%
- HYUNDAI MOTOR INDIA LIMITED — 2.7%
Top sectors
- Banking & Financial — 36.0%
- Automobile — 12.3%
- Software & Services — 6.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −11.5% | Q4 (Bottom) | #42 of 52 |
| 2025 | 10.3% | Q1 (Top) | #4 of 51 |
| 2024 | 21.3% | Q2 | #19 of 51 |
| 2023 | 33.2% | Q2 | #15 of 48 |
| 2022 | 10.5% | Q1 (Top) | #3 of 43 |