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 #20 of 57 in category.
Fund basics
| Category | Equity: ELSS |
|---|
| NAV | ₹1292.18 (as of 2026-10-01) |
|---|
| AUM | ₹15,992 Cr |
|---|
| Expense ratio | 1.44% |
|---|
| Riskometer | Very High |
|---|
| Fund manager | Amar Kalkundrikar |
|---|
| Exit load | 0 |
|---|
Performance & risk
| 5-year annualised return | 12.29% |
|---|
| Sharpe ratio | 0.64 |
|---|
| Standard deviation | 13.51% |
|---|
| Max drawdown | −59.89% |
|---|
| Alpha | 2.89 |
|---|
| Beta | 0.86 |
|---|
Over 5 years, captured 96.1% of Nifty 500's upside and 77.1% of its downside.
Market cap allocation
| Large cap | 78.4% |
|---|
| Mid cap | 10.9% |
|---|
| Small cap | 10.7% |
|---|
Concentration
| Top 5 holdings | 32.5% |
|---|
| Top 10 holdings | 50.3% |
|---|
| Total holdings | 62 |
|---|
| Index overlap | 39.0% |
|---|
| Active share | 61.0% |
|---|
Top holdings
- ICICI Bank Ltd. — 9.3%
- HDFC Bank Ltd. — 7.4%
- AXIS Bank Ltd. — 6.5%
- Maruti Suzuki India Ltd. — 4.7%
- State Bank Of India — 4.6%
- Kotak Mahindra Bank Ltd. — 4.6%
- Bharti Airtel Ltd. — 4.3%
- SBI Life Insurance Company Limited — 3.3%
- HCL Technologies Ltd — 2.9%
- HYUNDAI MOTOR INDIA LIMITED — 2.8%
Top sectors
- Banking & Financial — 35.5%
- Automobile — 12.7%
- Software & Services — 6.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −11.4% | Q4 (Bottom) | #46 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 |