SBI ELSS Tax Saver Fund
The scheme seeks capital appreciation through investments in equities, cumulative convertible preference shares and fully convertible debentures and bonds. The scheme was converted into an open-ended plan in November 1999.
Growthvine rating: 3/5 — ranked #17 of 57 in category.
Fund basics
| Category | Equity: ELSS |
|---|
| NAV | ₹434.19 (as of 2026-08-21) |
|---|
| AUM | ₹31,839 Cr |
|---|
| Expense ratio | 1.34% |
|---|
| Riskometer | Very High |
|---|
| Fund manager | Milind Agrawal |
|---|
| Exit load | 0 |
|---|
Performance & risk
| 5-year annualised return | 16.33% |
|---|
| Sharpe ratio | 0.66 |
|---|
| Standard deviation | 15.20% |
|---|
| Max drawdown | -61.50% |
|---|
| Alpha | 3.62 |
|---|
| Beta | 0.97 |
|---|
Over 5 years, captured 107.8% of Nifty 500's upside and 87.5% of its downside.
Market cap allocation
| Large cap | 66.9% |
|---|
| Mid cap | 16.3% |
|---|
| Small cap | 16.8% |
|---|
Concentration
| Top 5 holdings | 29.0% |
|---|
| Top 10 holdings | 41.6% |
|---|
| Total holdings | 79 |
|---|
| Index overlap | 38.2% |
|---|
| Active share | 61.8% |
|---|
Top holdings
- ICICI Bank Ltd. — 8.4%
- HDFC Bank Ltd. — 7.9%
- Kotak Mahindra Bank Ltd. — 5.5%
- Reliance Industries Ltd — 4.0%
- TREPS — 3.9%
- Adani Enterprises Ltd. — 3.2%
- Bajaj Finance Limited — 3.0%
- Larsen & Toubro Limited — 2.8%
- TORRENT POWER LIMITED — 2.5%
- Cipla Ltd. — 2.2%
Top sectors
- Banking & Financial — 28.2%
- Finance & Investments — 7.5%
- Pharma & Biotech — 6.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | -4.4% | Q4 (Bottom) | #43 of 52 |
| 2025 | 6.6% | Q2 | #14 of 51 |
| 2024 | 27.7% | Q1 (Top) | #7 of 51 |
| 2023 | 40.0% | Q1 (Top) | #7 of 48 |
| 2022 | 6.9% | Q1 (Top) | #5 of 43 |