Nippon India Tax Saver (ELSS) 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 #26 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹131.48 (as of 2026-08-21) |
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| AUM | ₹14,880 Cr |
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| Expense ratio | 1.45% |
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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 | 13.65% |
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| Sharpe ratio | 0.52 |
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| Standard deviation | 14.94% |
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| Max drawdown | -60.01% |
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| Alpha | 1.33 |
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| Beta | 0.97 |
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Over 5 years, captured 99.4% of Nifty 500's upside and 94.0% of its downside.
Market cap allocation
| Large cap | 64.6% |
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| Mid cap | 20.5% |
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| Small cap | 14.9% |
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Concentration
| Top 5 holdings | 24.6% |
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| Top 10 holdings | 39.4% |
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| Total holdings | 64 |
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| Index overlap | 39.3% |
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| Active share | 60.7% |
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Top holdings
- ICICI Bank Ltd. — 7.7%
- HDFC Bank Ltd. — 6.1%
- AXIS Bank Ltd. — 3.9%
- Samvardhana Motherson International Limited — 3.5%
- State Bank Of India — 3.4%
- NTPC Limited — 3.3%
- Bharti Airtel Ltd. — 3.0%
- Reliance Industries Ltd — 3.0%
- Infosys Ltd — 2.9%
- TVS Holdings Limited — 2.6%
Top sectors
- Banking & Financial — 23.9%
- Finance & Investments — 9.1%
- Food Beverage & Tobacco — 6.5%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 0.7% | Q3 | #28 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 |