Overview

Very High Risk
Fund Size (AUM)
₹4416.72 Cr
as on 03 Nov 2026
CAGR
3.62%
as on 30 Sept 2026
Expense Ratio
0.68 %
as on 30 Sept 2026
Fund Age
30 years 7 months
since 31 Mar 1996
Exit Load
3 years lockin
3 years lockin

Summary

The Tata ELSS – Tax Saver Fund is an open-ended equity linked tax saving scheme (ELSS) with a compulsory lock-in period of three years. It has the dual advantage of Tax Benefit under Section 80C of the Income Tax Act and the opportunity to catch the long-term upside potential of the Indian equity market. The fund has a 3-year lock in period that helps the fund management in taking a long term view and lends stability to performance.


Investment Philosophy

The portfolio constructed by the fund manager can be divided into two broad groups: Compounders and Re-rating Opportunities.

  • Compounders - Businesses that have a long runway for growth and have some sort of market leadership in their product category (in terms of volumes, revenues, costs/profits per unit or in terms of Return on Capital. etc. These companies are also likely to show consistency in generating profits and have a capable management team and prudent capital allocation policies.
  • Re-Rating Opportunities - These are businesses that are currently underestimated by the market for various reasons. They could be cyclical businesses which the markets believe are in a downcycle, while there are indications of a recovery. They could be companies undergoing a transformation within the business due to a change in management or policy. Investment opportunities could also arise due to a change at the industry level due to consolidation or a change in the demand and supply dynamics. There is the potential for the market to re-rate the valuations of the companies and correct its underestimation.

Portfolio Positioning and Construction

  • The portfolio is constructed on a bottom-up basis. The portfolio is well diversified across sectors and across market capitalization
    • Go Anywhere -A diversified portfolio that shifts across market caps
    • Bottom Up – Business fundamentals and valuation to be primary driver of stock selection
    • Low Churn – Low churn portfolio, allowing investor to cash in on the compounding effect to build wealth
    • Dual Benefit – Long term capital appreciation and benefit of tax saving.

Exit Load

Nil (Compulsory lock-in period for 3 years)


Minimum Investment Amount

SIP

₹ 500

Lumpsum

₹ 500

Calculators

₹

₹500

₹ 10 Lakhs

Worth of investments in last

This Fund

N.A.

0%

Nifty 500 TRI

N.A.

0%

Nifty 50 TRI

N.A.

0%

**Past performance may or may not be sustained in future. For performance in SEBI format please refer returns section.

Holding Analysis

Key Measures ^

Holding Analysis Key Measures
Key Measures**FundBenchmark
Standard Deviation18.4813.73
Sharpe Ratio0.180.35
Portfolio Beta0.93NA
R Squared0.51NA
Treynor0.3NA
Jenson-0.1NA
Past performance may or may not be sustained in future. Different plans have different expense structure

Holdingsas on 30 Sep 2026

Bharti Airtel Ltd.5.66%
HDFC Bank Ltd.5.14%
ICICI Bank Ltd.4.89%
State Bank Of India4.42%
Reliance Industries Ltd.3.62%

Sectorsas on 30 Sep 2026

Financial Services34.96%
Capital Goods11.09%
Automobile And Auto Components8.84%
Healthcare6.87%
Telecommunication5.66%

Returns over the years

as on 30 Sept 2026
Current value of ₹10,000 invested
Annualized (%)Nifty 500 TRIBenchmark(%)Nifty 50 TRIAdditional Benchmark(%)SchemeNifty 500 TRIBenchmark(%)Nifty 50 TRIAdditional Benchmark(%)

Since Inception

31 Mar 1996

14.78%12.19%10.55%₹52,061₹39,624₹33,233
Last 1 Year3.62%-2.03%-7.09%₹10,362₹9,797₹9,291
Last 3 Years11.57%9.50%6.05%₹13,895₹13,135₹11,931
Last 5 Years11.36%9.04%6.37%₹17,128₹15,418₹13,621
Disclaimer:
Past performance may or may not be sustained in future. Different plans have different expense structure
.

Fund Managers

Sailesh Jain Image

Sailesh Jain

Managing since 16 Dec 2021

Riskometer

This product is suitable for investors who are seeking* :

  • Long Term Capital Appreciation 
  • An equity linked savings scheme (ELSS) Investing predominantly in Equity & Equity related instruments.
Scheme riskometer: Very High
Benchmark riskometer: Very High

** Investors should understand that their principal will be at Very High risk

Scheme Documents

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