Shriram ELSS Tax Saver Fund
The Scheme seeks to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time.
Growthvine rating: 1/5 — ranked #56 of 57 in category.
Fund basics
| Category | Equity: ELSS |
|---|
| NAV | ₹20.99 (as of 2026-08-21) |
|---|
| AUM | ₹47 Cr |
|---|
| Expense ratio | 2.09% |
|---|
| Riskometer | Very High |
|---|
| Fund manager | Deepak Ramaraju |
|---|
| Exit load | 0 |
|---|
Performance & risk
| 5-year annualised return | 8.36% |
|---|
| Sharpe ratio | 0.17 |
|---|
| Standard deviation | 16.76% |
|---|
| Max drawdown | -29.94% |
|---|
| Alpha | -3.85 |
|---|
| Beta | 1.01 |
|---|
Over 5 years, captured 87.4% of Nifty 500's upside and 105.3% of its downside.
Market cap allocation
| Large cap | 66.3% |
|---|
| Mid cap | 9.6% |
|---|
| Small cap | 24.1% |
|---|
Concentration
| Top 5 holdings | 25.2% |
|---|
| Top 10 holdings | 38.3% |
|---|
| Total holdings | 70 |
|---|
| Index overlap | 45.6% |
|---|
| Active share | 54.4% |
|---|
Top holdings
- HDFC Bank Ltd. — 7.3%
- ICICI Bank Ltd. — 5.1%
- Reliance Industries Ltd — 5.0%
- State Bank Of India — 4.0%
- Bharti Airtel Ltd. — 3.9%
- AXIS Bank Ltd. — 3.8%
- Infosys Ltd — 2.4%
- Larsen & Toubro Limited — 2.4%
- InterGlobe Aviation Limited — 2.3%
- Mahindra & Mahindra Ltd. — 2.2%
Top sectors
- Banking & Financial — 26.5%
- Automobile — 8.0%
- Software & Services — 7.9%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | -2.5% | Q3 | #37 of 52 |
| 2025 | -5.7% | Q4 (Bottom) | #49 of 51 |
| 2024 | 16.8% | Q3 | #33 of 51 |
| 2023 | 24.5% | Q3 | #36 of 48 |
| 2022 | 2.1% | Q3 | #25 of 43 |