EquityELSSRegularGrowthVery High

ITI ELSS Tax Saver Fund

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

As of 05 Oct 2026, the NAV of ITI ELSS Tax Saver Fund is ₹24.23 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

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

ITI ELSS Tax Saver Fund has returned -0.21% over 1 year, +13.32% per year over 3 years, +9.93% per year over 5 years and +13.50% 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 ITI ELSS Tax Saver Fund?

ITI ELSS Tax Saver Fund charges an expense ratio of 2.60% 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 ITI ELSS Tax Saver Fund?

ITI ELSS Tax Saver Fund's largest holdings are HDFC Bank Limited (3.3%), Cholamandalam Investment and Finance Company Ltd (3.1%), TVS Motor Company Limited (2.9%), Axis Bank Limited (2.7%) and Bajaj Finance Limited (2.7%). Holdings are disclosed monthly and change over time.

Q: How risky is ITI ELSS Tax Saver Fund?

ITI ELSS Tax Saver Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.6% and its worst peak-to-trough fall in our sample was -38.7%. 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 0.39 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ITI ELSS Tax Saver Fund's 0.39 means it has rewarded its volatility with excess return. Higher is better.

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

ITI 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 ITI ELSS Tax Saver Fund?

ITI ELSS Tax Saver Fund is managed by Dhimant Shah and Alok Ranjan at ITI.

Q: How is ITI ELSS Tax Saver Fund taxed?

ITI 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.

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

NAV

₹24.23

+0.06% 1D

as of 05 Oct 2026

This is the Regular plan of ITI ELSS Tax Saver Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

-0.58%absolute

52-week rangePrev NAV ₹24.22

Latest ₹24.23

Low ₹20.4671st percentile of its 52-week rangeHigh ₹25.79

Scorecard

★★★☆☆3/5 vs 51 ELSS peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

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. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within ELSS (same plan and option).

PerformanceStrong

3Y CAGR +13.32% · ranks 8 of 49 ELSS funds

RiskHigh

Volatility 17.6% vs 14.7% category avg

CostHigh

2.6% expense vs 2.0% category avg

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

1-year return (-0.21%) beats the ELSS average (-2.22%)
3-year return (+13.32%) beats the ELSS average (+9.70%)
Stronger risk-adjusted returns — Sharpe 0.39 vs 0.21 ELSS average
Consistent — positive in 100% of rolling 3-year windows

Concerns

More volatile than its ELSS peers (17.6% vs 14.7%)
High expense ratio (2.60%) vs the ELSS average of 2.01%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.60%

Category 2.01%▲0.59%

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

21.58

Category —

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

0.39

Category 0.21▲0.18

Scheme Info

Definitions

Plan

Regular · Growth

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

None

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.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

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.

25 Oct 2019

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

Definitions

Absolute return over the last 1 month (not annualized)

-5.13%

Absolute return over the last 3 months (not annualized)

-4.46%

Absolute return over the last 6 months (not annualized)

+14.39%

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

-1.15%

Annualized returns (≥1Y — CAGR)

Definitions

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

-0.21%

3-year annualized return (CAGR)

+13.32%

5-year annualized return (CAGR)

+9.93%

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.

+13.50%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

17.59%

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

0.39

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

0.53

Largest peak-to-trough decline over full history

-38.71%

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

3.75%

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

1.20

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

87.7%

Excess return per unit of beta (market risk)

6.23

Active return over the benchmark per unit of tracking error

0.55

Annualized std dev of fund-minus-benchmark returns

7.75%

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

130.4%

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

122.8%

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	-5.13%	-4.71%	-0.42%
3M abs	-4.46%	-3.99%	-0.47%
6M abs	+14.39%	+8.31%	+6.08%
1Y CAGR	-0.21%	-2.22%	+2.01%
3Y CAGR	+13.32%	+9.70%	+3.62%
5Y CAGR	+9.93%	+9.60%	+0.33%

Category average across peers in ELSS (up to 49 funds with data), 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.

Category rank

Vs 49 peers in ELSS

1Y return

-0.21%

Beats 69.4% · rank #16

3Y return

+13.32%

Beats 85.4% · rank #8

5Y return

+9.93%

Beats 63.4% · rank #16

Sharpe

0.39

Beats 79.2% · rank #11

Sortino

0.53

Beats 81.3% · rank #10

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

₹7.90L

Absolute

+31.72%

XIRR

+11.31%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into ITI 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	-1.15%	-7.18%	+6.03%
2025	+2.55%	+7.94%	-5.39%
2024	+22.23%	+16.43%	+5.80%
2023	+36.52%	+27.43%	+9.09%
2022	+2.50%	+4.34%	-1.84%
2021	+19.00%	+31.59%	-12.59%
2020	+11.90%	+18.33%	-6.43%
2019part	+4.37%	—	—

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

1,712

Expense ratio

2.60%

AUM

₹427.06Cr

Portfolio turnover

51%

Exit load

Nil

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

P/E ratio

21.6

P/B ratio

4.0

Avg market cap

₹1,91,436Cr

P/E & P/B are portfolio-weighted harmonic means across 57 of 68 equity holdings (83% 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


ITI ELSS Tax Saver FundThis fund ITI · Regular · Growth	★★★☆☆	-0.21%	+13.32%	+9.93%	—	2.60%	₹427.06Cr
SBI Long Term Advantage Fund - Series V SBI · Regular · Growth	★★★★★	-1.21%	+19.11%	+13.78%	—	1.38%	₹345.73Cr
Motilal Oswal ELSS Tax Saver Fund Motilal Oswal · Regular · Growth	★★★☆☆	+5.53%	+19.09%	+15.16%	—	2.10%	₹4,627Cr
Bank of India Mid Cap Tax Fund Series 1 Bank of India · Regular · Growth	★★★★☆	+8.41%	+14.33%	+10.89%	—	1.38%	₹62.74Cr
JM ELSS - Tax Saver Fund JM Financial · Regular · Growth	★★★☆☆	+3.76%	+14.32%	+11.79%	—	2.68%	₹220.95Cr
HSBC ELSS Tax saver Fund HSBC · Regular · Growth	★★★★☆	+0.84%	+14.16%	—	—	1.99%	₹3,957Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 99% of the equity sleeve priced.

Large cap34.7%
Mid cap8.6%
Small cap56.7%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity96.52%
Cash & Equivalents3.48%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
ITI Large Cap Fund ITI · Large Cap Fund	38.7%	★★★☆☆	0.93%	+9.78%
ITI Large & Mid Cap Fund ITI · Large & Mid Cap Fund	34.0%	★★★★☆	1.06%	—
Axis Value Fund Axis · Value Fund	30.5%	★★★★★	0.92%	+17.19%
Canara Robeco ELSS - Tax Saver Fund Canara Robeco · ELSS	30.4%	★★★☆☆	0.70%	+10.61%
Canara Robeco Flexi Cap Fund Canara Robeco · Flexi Cap Fund	30.1%	★★★☆☆	0.69%	+10.64%
Axis Children's Fund Axis · Childrens' Fund	29.7% of 72% equity	★★☆☆☆	1.49%	+7.76%
Motilal Oswal Arbitrage Fund Motilal Oswal · Arbitrage Fund	29.7% of 73% equity	★★★★★	0.99%	—
Axis Retirement Fund - Dynamic Axis · Retirement Fund	29.6% of 80% equity	★★★☆☆	1.34%	+10.86%

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.

🚩Holdings under NSE surveillance (ASM)

4 holdings — 8.28% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Sansera Engineering LimitedLong-term · Stage I2.38%
Welspun Corp LimitedLong-term · Stage I2.24%
Standard Engineering Technology LimitedLong-term · Stage I2.08%
Gandhar Oil Refinery (India) LimitedLong-term · Stage I1.58%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

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.

-38.7%24 Jan 2020 → 23 Mar 2020
Fell over 2 months, back to the old high on 23 Nov 2020 — 8 months under water after the low.
-23.9%13 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.
-23.2%23 Sep 2024 → 28 Feb 2025
Still below that high — 5 months down, and no recovery yet.

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

₹427.06Cr

April - June 2026

+4%

since January - March 2026

+₹17.49Cr

est. net flow, last quarter

At or near its largest, ₹427.06Cr in April - June 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

ITI Mutual Fund is run by ITI Asset Management, part of the Investment Trust of India group. It launched its first schemes in 2019 and runs a mix of equity, hybrid and debt funds.

Launched

13 May 2018

Total AUM

₹11,302Cr+4.4% QoQ

Avg AUM · April - June 2026

Website

itiamc.com

Fund Managers

DSDhimant ShahManaging since 01 Dec 2022

Role

Co- Head Equity Manager

Education

B.Com & CA

Experience

Mr. Shah has joined ITI Asset Management Limited in August 2022 and has over 26 years of work experience in capital markets. Past Experience: July 2020- July 2022 with Oneup Finance as Head Research and Co-Fund Manager- Equities; June 2011- Oct 2019 with Principal AMC as Senior Fund Manager.

Funds managed (8)

All schemes Dhimant Shah runs →

ARAlok RanjanManaging since 04 Nov 2024

Role

Co- Head Equity Manager

Education

B.Sc. (Hons.) Physics, MBA (Finance)

Experience

Mr. Alok joined ITI AMC in November 2024 and has over 25 years of work experience in fund management, portfolio management and equity research. Past experience:- Prior to joining ITI AMC, he was associated with ITI Alternate Funds Management Ltd as CEO from January 2024 to October 2024. Prior to ITI Alternate Funds Management Ltd he was associated with ITI AMC from September 2023 to December 2023 as Senior Fund Manager. Prior to ITI AMC he was associated with IDBI Asset Management Company Limited as CIO - Equity from August 2021 to September 2023 and his primary responsibility included fund management activities. Prior to that, he was associated with Shriram Asset Management Company Limited as Senior Fund Manager from July 2020 to January 2021. Prior to that he was associated with Way2Wealth Brokers Pvt. Ltd. as a Research Portfolio Manager from August 2007 to July 2020.

Funds managed (3)

All schemes Alok Ranjan runs →

Fund manager, benchmark and dealing terms from 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

Dhimant Shah Alok Ranjan

Top holdings

HDFC Bank Limited Cholamandalam Investment and Finance Company Ltd TVS Motor Company Limited Axis Bank Limited Bajaj Finance Limited State Bank of India Sansera Engineering Limited Mahindra & Mahindra Limited IIFL Finance Limited Welspun Corp Limited KEI Industries Limited Sanghvi Movers Limited

ITI 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 ITI ELSS Tax Saver Fund?

As of 05 Oct 2026, the NAV of ITI ELSS Tax Saver Fund is ₹24.23 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ITI ELSS Tax Saver Fund delivered?

ITI ELSS Tax Saver Fund has returned -0.21% over 1 year, +13.32% per year over 3 years, +9.93% per year over 5 years and +13.50% 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 ITI ELSS Tax Saver Fund?

ITI ELSS Tax Saver Fund charges an expense ratio of 2.60% 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 ITI ELSS Tax Saver Fund?

ITI ELSS Tax Saver Fund's largest holdings are HDFC Bank Limited (3.3%), Cholamandalam Investment and Finance Company Ltd (3.1%), TVS Motor Company Limited (2.9%), Axis Bank Limited (2.7%) and Bajaj Finance Limited (2.7%). Holdings are disclosed monthly and change over time.

How risky is ITI ELSS Tax Saver Fund?

ITI ELSS Tax Saver Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.6% and its worst peak-to-trough fall in our sample was -38.7%. 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 0.39 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ITI ELSS Tax Saver Fund's 0.39 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of ITI ELSS Tax Saver Fund?

ITI 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 ITI ELSS Tax Saver Fund?

ITI ELSS Tax Saver Fund is managed by Dhimant Shah and Alok Ranjan at ITI.

How is ITI ELSS Tax Saver Fund taxed?

ITI 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.