EquityELSSRegularIDCWVery High

Shriram ELSS Tax Saver Fund

Q: What is the NAV of Shriram ELSS Tax Saver Fund?

As of 05 Oct 2026, the NAV of Shriram ELSS Tax Saver Fund is ₹19.59 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Shriram ELSS Tax Saver Fund delivered?

Shriram ELSS Tax Saver Fund has returned -5.86% over 1 year, +4.60% per year over 3 years, +4.22% per year over 5 years and +9.15% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Shriram ELSS Tax Saver Fund?

Shriram ELSS Tax Saver Fund charges an expense ratio of 2.57% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Shriram ELSS Tax Saver Fund?

Shriram ELSS Tax Saver Fund's largest holdings are HDFC Bank Ltd. (7.0%), ICICI Bank Ltd. (5.2%), Reliance Industries Ltd. (4.9%), State Bank of India (4.2%) and Axis Bank Ltd. (4.0%). Holdings are disclosed monthly and change over time.

Q: How risky is Shriram ELSS Tax Saver Fund?

Shriram ELSS Tax Saver Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.6% and its worst peak-to-trough fall in our sample was -30.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.12 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Shriram ELSS Tax Saver Fund's -0.12 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Shriram ELSS Tax Saver Fund?

Shriram ELSS Tax Saver Fund is benchmarked against the NIFTY 500 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Shriram ELSS Tax Saver Fund?

Shriram ELSS Tax Saver Fund is managed by Hitesh Savanth and Prateek Nigudkar at Shriram.

Q: How is Shriram ELSS Tax Saver Fund taxed?

Shriram ELSS Tax Saver Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Shriram Mutual Fund · Best ELSS (Tax Saving) Mutual Funds

NAV

₹19.59

+0.44% 1D

as of 05 Oct 2026

This is the Regular plan of Shriram ELSS Tax Saver Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

Performance

-6.56%absolute

52-week rangePrev NAV ₹19.51

Latest ₹19.59

Low ₹18.5432nd percentile of its 52-week rangeHigh ₹21.81

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Equity funds (same plan and option) to rank against yet.

Performance—

Not enough ELSS peers to rank yet

Risk—

Volatility 15.6% (no category average yet)

Cost—

2.6% expense (no category average yet)

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.57%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

17.96

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.12

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

3 yrs

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹500

NIFTY 500 TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

01 Feb 2019

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-4.92%

Absolute return over the last 3 months (not annualized)

-6.20%

Absolute return over the last 6 months (not annualized)

+3.41%

Absolute return since 1 Jan of this year (not annualized)

-9.04%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-5.86%

3-year annualized return (CAGR)

+4.60%

5-year annualized return (CAGR)

+4.22%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+9.15%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

15.59%

Excess return per unit of total volatility (rf = 6.5%)

-0.12

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.16

Largest peak-to-trough decline over full history

-29.98%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

-4.82%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

1.00

How much of the fund's movement Nifty 500 TRI explains

84.4%

Excess return per unit of beta (market risk)

-2.19

Active return over the benchmark per unit of tracking error

-0.80

Annualized std dev of fund-minus-benchmark returns

6.78%

Fund's share of benchmark gains in up months (100 = matches index)

90.7%

Fund's share of benchmark losses in down months (lower is better)

116.4%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (ELSS)

Period	Fund	Category avg.	Diff
1M abs	-4.92%	—	—
3M abs	-6.20%	—	—
6M abs	+3.41%	—	—
1Y CAGR	-5.86%	—	—
3Y CAGR	+4.60%	—	—
5Y CAGR	+4.22%	—	—

Category average across peers in ELSS, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.40L

Absolute

+6.70%

XIRR

+2.64%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Shriram ELSS Tax Saver Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	-9.05%	-7.18%	-1.87%
2025	-5.72%	+7.94%	-13.66%
2024	+16.89%	+16.43%	+0.46%
2023	+24.53%	+27.43%	-2.90%
2022	+2.11%	+4.34%	-2.23%
2021	+18.82%	+31.59%	-12.77%
2020	+15.92%	+18.33%	-2.41%
2019part	+11.55%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

1,889

Expense ratio

2.57%

AUM

₹46.00Cr

Portfolio turnover

76%

Exit load

NIL

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

18.0

P/B ratio

4.0

Avg market cap

₹4,15,019Cr

P/E & P/B are portfolio-weighted harmonic means across 64 of 70 equity holdings (91% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · ELSS

Compare all


Shriram ELSS Tax Saver FundThis fund Shriram · Regular · IDCW	—	-5.86%	+4.60%	+4.22%	—	2.57%	₹46.00Cr
SBI Long Term Advantage Fund - Series V SBI · Regular · IDCW	—	-1.21%	+19.11%	+13.79%	—	1.38%	₹345.73Cr
Bank of India Mid Cap Tax Fund Series 1 Bank of India · Regular · IDCW	—	+8.41%	+14.33%	+10.89%	—	1.38%	₹62.74Cr
JM ELSS - Tax Saver Fund JM Financial · Regular · IDCW	—	+3.76%	+14.32%	+11.79%	—	2.68%	₹220.95Cr
Quant ELSS Tax Saver Fund quant · Regular · IDCW	—	+8.06%	+13.55%	+12.76%	—	2.16%	₹12,619Cr
Bank of India Mid Cap Tax Fund Series 2 Bank of India · Regular · IDCW	—	+4.25%	+13.32%	+10.02%	—	1.41%	—

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap64.6%
Mid cap11.1%
Small cap24.3%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.38%
Cash & Equivalents1.60%
Debt0.02%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Shriram Flexi Cap Fund Shriram · Flexi Cap Fund	96.9%!	★☆☆☆☆	1.06%	+6.19%
Shriram Aggressive Hybrid Fund Shriram · Aggressive Hybrid Fund	70.3% of 72% equity	★☆☆☆☆	0.87%	+8.71%
Shriram Balanced Advantage Fund Shriram · Dynamic Asset Allocation or Balanced Advantage	69.5% of 69% equity	★☆☆☆☆	0.90%	+5.86%
Shriram Multi Asset Allocation Fund Shriram · Multi Asset Allocation	67.9% of 66% equity	★☆☆☆☆	0.62%	+10.74%
Shriram Multi Sector Rotation Fund Shriram · Sectoral/ Thematic	59.8%	★★★☆☆	0.98%	—
Bandhan Nifty 100 Index Fund Bandhan · Index Funds	53.3%	★★★★☆	0.18%	+7.65%
Nippon India Index Fund - Nifty 50 Nippon India · Index Funds	53.3%	★★★☆☆	0.13%	+5.93%
HDFC Nifty 50 Index Fund HDFC · Index Funds	53.3%	★★★☆☆	0.29%	+5.84%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-30.0%12 Feb 2020 → 23 Mar 2020
Fell over 40 days, back to the old high on 05 Nov 2020 — 7 months under water after the low.
-24.0%15 Oct 2024 → 28 Feb 2025
Still below that high — 4 months down, and no recovery yet.
-18.4%18 Oct 2021 → 20 Jun 2022
Fell over 8 months, back to the old high on 03 Jul 2023 — 12 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹46.00Cr

April - June 2026

-2%

since January - March 2026

+₹1.24Cr

est. net flow, last quarter

At or near its largest, ₹46.93Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Shriram Mutual Fund is run by Shriram Asset Management, part of the Chennai-based Shriram Group. It is one of the industry's smallest houses by assets, running a handful of equity and hybrid schemes.

Launched

04 Dec 1994

Total AUM

₹1,171Cr+0.9% QoQ

Avg AUM · July - September 2026

Website

shriramamc.in

Fund Managers

HSHitesh SavanthStart date not disclosed

Role

Senior Fund Manager

Education

CFA Charter holder from CFA Institute & B.Com (Hons.). from Sri Sathya Sai Institute of Higher Learning

Experience

Mr. Hitesh has over 14 years of experience in the financial services industry, with expertise spanning investment advisory, portfolio management, and wealth management. Earlier he was associated with Shriram AMC as a Principal Officer & Fund Manager in its PMS division, he also served as Vice President at BugleRock Capital Private Limited. Earlier in his career, he worked as a Research Lead at William O’Neil India and as a Derivatives Analyst at Northern Trust Operating Services India

PNPrateek NigudkarStart date not disclosed

Experience

Mr. Prateek brings over 13 years of experience in 1 month managing equity funds, as well as in quantitative and fundamental research. Before his current role, he served as the Fund Manager at Jio BlackRock Mutual Fund. He has also held the position of Fund Manager at DSP Mutual Fund. Earlier in his career, he worked as a Quantitative Analyst at State Street Global Advisors and Credit Suisse Business Analytics, India

Funds managed (5)

All schemes Prateek Nigudkar runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Prateek Nigudkar

Top holdings

HDFC Bank Ltd.ICICI Bank Ltd.Reliance Industries Ltd.State Bank of India Axis Bank Ltd.Bharti Airtel Ltd.InterGlobe Aviation Ltd.Mahindra & Mahindra Ltd.SBI Life Insurance Company Ltd.Infosys Ltd.R R Kabel Ltd.Samhi Hotels Ltd.

Shriram in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About ELSS (tax-saving) funds

ELSS funds are equity funds that qualify for a Section 80C deduction (up to ₹1.5 lakh a year) under the old tax regime. They carry a 3-year lock-in — the shortest of any 80C option.

Frequently asked questions

What is the NAV of Shriram ELSS Tax Saver Fund?

As of 05 Oct 2026, the NAV of Shriram ELSS Tax Saver Fund is ₹19.59 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Shriram ELSS Tax Saver Fund delivered?

Shriram ELSS Tax Saver Fund has returned -5.86% over 1 year, +4.60% per year over 3 years, +4.22% per year over 5 years and +9.15% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Shriram ELSS Tax Saver Fund?

Shriram ELSS Tax Saver Fund charges an expense ratio of 2.57% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Shriram ELSS Tax Saver Fund?

Shriram ELSS Tax Saver Fund's largest holdings are HDFC Bank Ltd. (7.0%), ICICI Bank Ltd. (5.2%), Reliance Industries Ltd. (4.9%), State Bank of India (4.2%) and Axis Bank Ltd. (4.0%). Holdings are disclosed monthly and change over time.

How risky is Shriram ELSS Tax Saver Fund?

Shriram ELSS Tax Saver Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.6% and its worst peak-to-trough fall in our sample was -30.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -0.12 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Shriram ELSS Tax Saver Fund's -0.12 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Shriram ELSS Tax Saver Fund?

Shriram ELSS Tax Saver Fund is benchmarked against the NIFTY 500 TRI. Its alpha and beta on this page are measured against that index.

Who manages Shriram ELSS Tax Saver Fund?

Shriram ELSS Tax Saver Fund is managed by Hitesh Savanth and Prateek Nigudkar at Shriram.

How is Shriram ELSS Tax Saver Fund taxed?

Shriram ELSS Tax Saver Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.