Kotak ELSS Tax Saver Fund
The scheme aims to generate long-term capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as per the prevailing tax laws.
Growthvine rating: 2/5 — ranked #37 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹112.25 (as of 2026-10-01) |
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| AUM | ₹6,342 Cr |
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| Expense ratio | 1.56% |
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| Riskometer | Very High |
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| Fund manager | Harsha Upadhyaya |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 9.84% |
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| Sharpe ratio | 0.42 |
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| Standard deviation | 15.23% |
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| Max drawdown | −67.05% |
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| Alpha | -0.51 |
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| Beta | 0.96 |
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Over 5 years, captured 98.9% of Nifty 500's upside and 93.5% of its downside.
Market cap allocation
| Large cap | 65.3% |
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| Mid cap | 22.7% |
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| Small cap | 12.1% |
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Concentration
| Top 5 holdings | 23.6% |
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| Top 10 holdings | 37.3% |
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| Total holdings | 52 |
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| Index overlap | 37.1% |
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| Active share | 62.9% |
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Top holdings
- HDFC Bank Ltd. — 6.7%
- ICICI Bank Ltd. — 5.2%
- State Bank Of India — 5.2%
- Bharti Airtel Ltd. — 3.4%
- Eternal Limited — 3.1%
- Tech Mahindra Limited — 3.1%
- Bosch Ltd — 2.7%
- NTPC Limited — 2.7%
- Bajaj Finance Limited — 2.6%
- Divis Laboratories Ltd. — 2.6%
Top sectors
- Banking & Financial — 24.5%
- Automobile — 8.8%
- Pharma & Biotech — 7.7%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −4.4% | Q2 | #22 of 52 |
| 2025 | 1.8% | Q3 | #35 of 51 |
| 2024 | 21.8% | Q2 | #16 of 51 |
| 2023 | 23.6% | Q4 (Bottom) | #44 of 48 |
| 2022 | 6.9% | Q1 (Top) | #6 of 43 |