ICICI Pru ELSS – Tax Saver Fund
The scheme seeks long-term capital appreciation by investing approximately 90 per cent of the investments in equity instruments, while the balance 10 per cent would be a parked in debt and money market instrument and cash ( Including-money at call).
Growthvine rating: 4/5 — ranked #5 of 39 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹963.79 (as of 2026-11-11) |
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| AUM | ₹13,498 Cr |
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| Expense ratio | 1.46% |
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| Riskometer | Very High |
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| Fund manager | Mittul Kalawadia |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 7.84% |
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| Sharpe ratio | 0.32 |
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| Standard deviation | 14.34% |
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| Max drawdown | −63.81% |
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| Alpha | 0.64 |
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| Beta | 0.88 |
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Over 5 years, captured 90.7% of Nifty 500's upside and 90.6% of its downside.
Market cap allocation
| Large cap | 75.5% |
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| Mid cap | 6.7% |
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| Small cap | 17.8% |
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Concentration
| Top 5 holdings | 31.2% |
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| Top 10 holdings | 51.6% |
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| Total holdings | 85 |
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| Index overlap | 38.9% |
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| Active share | 61.1% |
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Top holdings
- ICICI Bank Ltd. — 7.9%
- HDFC Bank Ltd. — 7.2%
- AXIS Bank Ltd. — 5.7%
- Avenue Supermarts Limited — 5.4%
- Reliance Industries Ltd — 5.0%
- TVS Motor Company Ltd. — 4.9%
- Sun Pharmaceutical Industries Ltd. — 4.7%
- Larsen & Toubro Limited — 4.2%
- TREPS — 4.1%
- NTPC Limited — 3.3%
Top sectors
- Banking & Financial — 22.7%
- Automobile — 12.4%
- Retail — 10.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 0.2% | Q3 | #22 of 39 |
| 2025 | 9.9% | Q1 (Top) | #4 of 38 |
| 2024 | 16.4% | Q3 | #27 of 38 |
| 2023 | 23.2% | Q4 (Bottom) | #32 of 35 |
| 2022 | 2.3% | Q3 | #16 of 30 |