LIC MF ELSS Tax Saver
Earlier known as Dhan Tax Saver 97, the scheme seeks maximum capital growth with equity allocation up to 85 per cent of the corpus. Allocation to debentures and money market instruments can be up to 15 per cent each. It was made open-ended in April 2000.
Growthvine rating: 1/5 — ranked #49 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹141.40 (as of 2026-10-01) |
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| AUM | ₹1,030 Cr |
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| Expense ratio | 1.92% |
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| Riskometer | Very High |
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| Fund manager | Nikhil Kapoor |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 7.13% |
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| Sharpe ratio | 0.31 |
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| Standard deviation | 14.96% |
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| Max drawdown | −63.82% |
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| Alpha | -1.13 |
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| Beta | 0.94 |
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Over 5 years, captured 85.9% of Nifty 500's upside and 88.4% of its downside.
Market cap allocation
| Large cap | 56.7% |
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| Mid cap | 14.8% |
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| Small cap | 28.5% |
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Concentration
| Top 5 holdings | 26.5% |
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| Top 10 holdings | 40.1% |
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| Total holdings | 53 |
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| Index overlap | 31.3% |
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| Active share | 68.7% |
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Top holdings
- ICICI Bank Ltd. — 8.6%
- HDFC Bank Ltd. — 6.4%
- AXIS Bank Ltd. — 4.4%
- Cholamandalam Investment and Finance Company Ltd — 3.8%
- State Bank Of India — 3.3%
- SML Mahindra Limited — 3.0%
- SRF Ltd. — 2.8%
- Larsen & Toubro Limited — 2.7%
- Eicher Motors Ltd. — 2.6%
- Treps — 2.6%
Top sectors
- Banking & Financial — 22.6%
- Automobile — 14.3%
- Pharma & Biotech — 9.3%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −8.3% | Q3 | #37 of 52 |
| 2025 | 0.8% | Q3 | #37 of 51 |
| 2024 | 22.6% | Q1 (Top) | #13 of 51 |
| 2023 | 26.3% | Q3 | #32 of 48 |
| 2022 | −1.6% | Q4 (Bottom) | #37 of 43 |