Tata ELSS Fund
The scheme seeks to provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation.
Growthvine rating: 3/5 — ranked #16 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹44.37 (as of 2026-10-01) |
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| AUM | ₹4,747 Cr |
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| Expense ratio | 1.60% |
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| Riskometer | Very High |
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| Fund manager | Sailesh Jain |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 9.99% |
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| Sharpe ratio | 0.51 |
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| Standard deviation | 15.49% |
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| Max drawdown | −36.88% |
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| Alpha | 1.06 |
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| Beta | 0.99 |
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Over 5 years, captured 101.4% of Nifty 500's upside and 98.0% of its downside.
Market cap allocation
| Large cap | 59.3% |
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| Mid cap | 17.2% |
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| Small cap | 23.5% |
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Concentration
| Top 5 holdings | 23.4% |
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| Top 10 holdings | 38.5% |
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| Total holdings | 60 |
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| Index overlap | 38.2% |
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| Active share | 61.8% |
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Top holdings
- Bharti Airtel Ltd. — 5.4%
- ICICI Bank Ltd. — 5.0%
- HDFC Bank Ltd. — 4.8%
- State Bank Of India — 4.6%
- Reliance Industries Ltd — 3.6%
- Samvardhana Motherson International Limited — 3.2%
- PB Fintech Limited — 3.2%
- Larsen & Toubro Limited — 3.0%
- Pricol Limited — 2.8%
- Motilal Oswal Financial Services Limited — 2.7%
Top sectors
- Banking & Financial — 29.1%
- Automobile — 8.6%
- Industrial Products — 6.7%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −4.0% | Q2 | #21 of 52 |
| 2025 | 4.9% | Q2 | #19 of 51 |
| 2024 | 19.5% | Q2 | #25 of 51 |
| 2023 | 24.0% | Q4 (Bottom) | #41 of 48 |
| 2022 | 5.9% | Q1 (Top) | #11 of 43 |