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 #21 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹48.02 (as of 2026-08-21) |
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| AUM | ₹4,597 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 | 13.07% |
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| Sharpe ratio | 0.46 |
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| Standard deviation | 15.49% |
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| Max drawdown | -36.88% |
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| Alpha | 0.51 |
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| Beta | 0.99 |
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Over 5 years, captured 100.8% of Nifty 500's upside and 97.1% of its downside.
Market cap allocation
| Large cap | 60.5% |
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| Mid cap | 16.4% |
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| Small cap | 23.1% |
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Concentration
| Top 5 holdings | 24.5% |
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| Top 10 holdings | 38.7% |
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| Total holdings | 63 |
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| Index overlap | 38.9% |
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| Active share | 61.1% |
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Top holdings
- Bharti Airtel Ltd. — 6.0%
- HDFC Bank Ltd. — 5.2%
- ICICI Bank Ltd. — 5.0%
- State Bank Of India — 4.5%
- Reliance Industries Ltd — 3.8%
- Samvardhana Motherson International Limited — 3.2%
- Larsen & Toubro Limited — 3.0%
- PB Fintech Limited — 2.8%
- Cummins India Ltd. — 2.7%
- NTPC Limited — 2.6%
Top sectors
- Banking & Financial — 26.9%
- Automobile — 7.8%
- Industrial Products — 6.8%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 3.9% | Q2 | #16 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 |