Navi ELSS Tax Saver Nifty 50 Index Fund
The Scheme seeks to invest in companies whose securities are included in Nifty 50 Index (the Index) and to endeavour to achieve the returns of the index, though subject to tracking error.
Growthvine rating: 2/5 — ranked #35 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹14.29 (as of 2026-08-21) |
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| AUM | ₹155 Cr |
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| Expense ratio | 0.90% |
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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
| Sharpe ratio | 0.16 |
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| Standard deviation | 13.62% |
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| Max drawdown | -15.81% |
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| Alpha | -3.62 |
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| Beta | 0.87 |
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Over 5 years, captured 80.2% of Nifty 500's upside and 97.2% of its downside.
Market cap allocation
| Large cap | 98.6% |
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| Mid cap | 1.4% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 36.9% |
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| Top 10 holdings | 52.8% |
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| Total holdings | 50 |
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| Index overlap | 55.8% |
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| Active share | 44.2% |
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Top holdings
- HDFC Bank Ltd. — 10.3%
- ICICI Bank Ltd. — 9.2%
- Reliance Industries Ltd — 7.9%
- Bharti Airtel Ltd. — 5.4%
- Larsen & Toubro Limited — 4.1%
- State Bank Of India — 3.8%
- Infosys Ltd — 3.5%
- AXIS Bank Ltd. — 3.2%
- Bajaj Finance Limited — 2.7%
- Mahindra & Mahindra Ltd. — 2.7%
Top sectors
- Banking & Financial — 29.5%
- Software & Services — 8.4%
- Petroleum Products — 7.9%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | -7.0% | Q4 (Bottom) | #50 of 52 |
| 2025 | 10.7% | Q1 (Top) | #2 of 51 |
| 2024 | 8.7% | Q4 (Bottom) | #51 of 51 |