Motilal Oswal ELSS Tax Saver Fund
The Scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.
Growthvine rating: 4/5 — ranked #11 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹50.94 (as of 2026-10-23) |
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| AUM | ₹4,890 Cr |
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| Expense ratio | 1.61% |
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| Riskometer | Very High |
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| Fund manager | Ajay Khandelwal |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 15.20% |
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| Sharpe ratio | 0.65 |
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| Standard deviation | 21.99% |
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| Max drawdown | −37.82% |
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| Alpha | 9.29 |
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| Beta | 1.15 |
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Over 5 years, captured 125.1% of Nifty 500's upside and 98.9% of its downside.
Market cap allocation
| Large cap | 9.8% |
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| Mid cap | 36.9% |
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| Small cap | 53.4% |
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Concentration
| Top 5 holdings | 24.6% |
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| Top 10 holdings | 44.7% |
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| Total holdings | 30 |
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| Index overlap | 3.7% |
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| Active share | 96.3% |
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Top holdings
- Multi Commodity Exchange of India Ltd — 5.7%
- PTC Industries Ltd. — 5.2%
- One 97 Communications Limited — 4.8%
- Sterlite Technologies Limited. — 4.5%
- MTAR Technologies Limited — 4.3%
- Gujarat Fluorochemicals Limited — 4.2%
- Shaily Engineering Plastics Ltd. — 4.2%
- Zen Technologies Ltd. — 3.9%
- Apar Industries Ltd — 3.9%
- S.J.S. Enterprises Limited — 3.9%
Top sectors
- Electricals — 15.8%
- Banking & Financial — 10.7%
- Automobile — 10.2%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 0.8% | Q1 (Top) | #2 of 52 |
| 2025 | −9.1% | Q4 (Bottom) | #50 of 51 |
| 2024 | 47.7% | Q1 (Top) | #1 of 51 |
| 2023 | 37.0% | Q1 (Top) | #9 of 48 |
| 2022 | 1.8% | Q3 | #29 of 43 |