Nippon India ELSS Tax Saver Fund
The scheme aims to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.
Growthvine rating: 3/5 — ranked #21 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹127.06 (as of 2026-10-16) |
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| AUM | ₹14,096 Cr |
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| Expense ratio | 1.46% |
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| Riskometer | Very High |
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| Fund manager | Rupesh Patel |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 10.19% |
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| Sharpe ratio | 0.36 |
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| Standard deviation | 15.22% |
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| Max drawdown | −60.01% |
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| Alpha | 0.84 |
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| Beta | 0.95 |
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Over 5 years, captured 98.8% of Nifty 500's upside and 91.9% of its downside.
Market cap allocation
| Large cap | 65.0% |
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| Mid cap | 20.0% |
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| Small cap | 15.0% |
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Concentration
| Top 5 holdings | 25.7% |
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| Top 10 holdings | 39.7% |
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| Total holdings | 61 |
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| Index overlap | 38.5% |
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| Active share | 61.5% |
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Top holdings
- HDFC Bank Ltd. — 7.9%
- ICICI Bank Ltd. — 7.0%
- AXIS Bank Ltd. — 4.1%
- Samvardhana Motherson International Limited — 3.4%
- State Bank Of India — 3.3%
- NTPC Limited — 3.2%
- Bharti Airtel Ltd. — 2.8%
- Reliance Industries Ltd — 2.8%
- Radico Khaitan Ltd. — 2.6%
- Eternal Limited — 2.5%
Top sectors
- Banking & Financial — 26.4%
- Energy — 8.4%
- Finance & Investments — 7.9%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −2.7% | Q2 | #21 of 52 |
| 2025 | 6.0% | Q2 | #15 of 51 |
| 2024 | 17.6% | Q3 | #28 of 51 |
| 2023 | 28.6% | Q2 | #24 of 48 |
| 2022 | 6.9% | Q1 (Top) | #7 of 43 |