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: 3/5 — ranked #19 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹946.65 (as of 2026-08-21) |
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| AUM | ₹14,292 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 | 11.83% |
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| Sharpe ratio | 0.47 |
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| Standard deviation | 13.89% |
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| Max drawdown | -63.81% |
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| Alpha | 0.68 |
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| Beta | 0.88 |
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Over 5 years, captured 91.3% of Nifty 500's upside and 90.8% of its downside.
Market cap allocation
| Large cap | 76.1% |
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| Mid cap | 6.9% |
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| Small cap | 17.0% |
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Concentration
| Top 5 holdings | 31.0% |
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| Top 10 holdings | 52.4% |
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| Total holdings | 89 |
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| Index overlap | 41.8% |
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| Active share | 58.2% |
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Top holdings
- ICICI Bank Ltd. — 8.1%
- HDFC Bank Ltd. — 7.2%
- AXIS Bank Ltd. — 5.4%
- Reliance Industries Ltd — 5.2%
- Avenue Supermarts Limited — 5.1%
- TVS Motor Company Ltd. — 5.0%
- Sun Pharmaceutical Industries Ltd. — 4.9%
- Larsen & Toubro Limited — 4.4%
- Maruti Suzuki India Ltd. — 3.7%
- NTPC Limited — 3.4%
Top sectors
- Banking & Financial — 24.0%
- Automobile — 12.6%
- Retail — 10.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | -1.6% | Q3 | #34 of 52 |
| 2025 | 9.9% | Q1 (Top) | #5 of 51 |
| 2024 | 16.4% | Q3 | #34 of 51 |
| 2023 | 23.2% | Q4 (Bottom) | #45 of 48 |
| 2022 | 2.3% | Q3 | #24 of 43 |