Navi ELSS Tax Saver Fund
The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income generation along with the benefit of income tax deduction (under Section 80 C of the Income Tax Act, 1961) on their investments.
Growthvine rating: 1/5 — ranked #57 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹27.30 (as of 2026-04-10) |
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| AUM | ₹50 Cr |
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| Expense ratio | 2.29% |
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| Riskometer | Very High |
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| Fund manager | Ashutosh Shirwaikar |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 8.45% |
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| Sharpe ratio | 0.23 |
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| Standard deviation | 14.46% |
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| Max drawdown | -37.87% |
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| Alpha | -3.55 |
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| Beta | 0.96 |
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Over 5 years, captured 86.5% of Nifty 500's upside and 100.3% of its downside.
Market cap allocation
| Large cap | 51.4% |
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| Mid cap | 34.8% |
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| Small cap | 13.8% |
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Concentration
| Top 5 holdings | 23.2% |
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| Top 10 holdings | 41.3% |
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| Total holdings | 43 |
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| Index overlap | 30.5% |
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| Active share | 69.5% |
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Top holdings
- Reliance Industries Limited — 5.7%
- Axis Bank Limited — 5.2%
- Sun Pharmaceutical Industries Limited — 4.2%
- Bharti Airtel Limited — 4.1%
- Ashok Leyland Ltd — 4.1%
- UPL Limited — 4.0%
- ICICI Bank Limited — 3.8%
- State Bank of India — 3.6%
- Federal Bank Ltd — 3.5%
- Persistent Systems Limited — 3.2%
Top sectors
- Banking & Financial — 22.5%
- Agricultural & Farm Machinery — 8.8%
- Software & Services — 8.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | -7.9% | Q4 (Bottom) | #51 of 52 |
| 2025 | 4.3% | Q2 | #24 of 51 |
| 2024 | 11.8% | Q4 (Bottom) | #47 of 51 |
| 2023 | 24.1% | Q4 (Bottom) | #40 of 48 |
| 2022 | -2.0% | Q4 (Bottom) | #38 of 43 |