PGIM India ELSS Tax Saver Fund
The scheme seeks to generate long-term capital appreciation by predominantly investing in equity & equity related instruments and to enable eligible investors to avail deduction from total income, as permitted under the Income Tax Act, 1961 as amended from time to time.
Growthvine rating: 1/5 — ranked #48 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹33.14 (as of 2026-10-01) |
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| AUM | ₹718 Cr |
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| Expense ratio | 2.04% |
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| Riskometer | Very High |
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| Fund manager | Utsav Mehta |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 7.61% |
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| Sharpe ratio | 0.27 |
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| Standard deviation | 14.83% |
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| Max drawdown | −36.87% |
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| Alpha | -3.04 |
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| Beta | 0.93 |
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Over 5 years, captured 88.1% of Nifty 500's upside and 89.7% of its downside.
Market cap allocation
| Large cap | 57.3% |
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| Mid cap | 20.3% |
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| Small cap | 22.4% |
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Concentration
| Top 5 holdings | 24.1% |
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| Top 10 holdings | 37.1% |
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| Total holdings | 90 |
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| Index overlap | 45.2% |
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| Active share | 54.8% |
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Top holdings
- ICICI Bank Ltd. — 7.2%
- HDFC Bank Ltd. — 6.6%
- Bharti Airtel Ltd. — 3.7%
- Reliance Industries Ltd — 3.3%
- Infosys Ltd — 3.2%
- Bajaj Finance Limited — 3.1%
- State Bank Of India — 2.7%
- Clearing Corporation of India Ltd. — 2.5%
- Kotak Mahindra Bank Ltd. — 2.4%
- Larsen & Toubro Limited — 2.4%
Top sectors
- Banking & Financial — 23.1%
- Automobile — 7.6%
- Software & Services — 6.9%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −5.3% | Q3 | #27 of 52 |
| 2025 | 2.0% | Q3 | #33 of 51 |
| 2024 | 15.6% | Q3 | #36 of 51 |
| 2023 | 19.5% | Q4 (Bottom) | #47 of 48 |
| 2022 | 4.7% | Q2 | #15 of 43 |