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 #18 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹887.86 (as of 2026-10-01) |
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| AUM | ₹14,286 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 | 8.35% |
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| Sharpe ratio | 0.48 |
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| Standard deviation | 13.89% |
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| Max drawdown | −63.81% |
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| Alpha | 0.59 |
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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 | 75.3% |
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| Mid cap | 6.6% |
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| Small cap | 18.1% |
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Concentration
| Top 5 holdings | 31.0% |
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| Top 10 holdings | 51.7% |
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| Total holdings | 87 |
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| Index overlap | 39.3% |
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| Active share | 60.7% |
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Top holdings
- ICICI Bank Ltd. — 8.2%
- HDFC Bank Ltd. — 6.8%
- AXIS Bank Ltd. — 5.7%
- Avenue Supermarts Limited — 5.2%
- Reliance Industries Ltd — 5.1%
- Sun Pharmaceutical Industries Ltd. — 4.9%
- TVS Motor Company Ltd. — 4.8%
- Larsen & Toubro Limited — 4.3%
- TREPS — 3.7%
- Maruti Suzuki India Ltd. — 3.5%
Top sectors
- Banking & Financial — 22.8%
- Automobile — 12.5%
- Retail — 10.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −7.7% | 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 |