EquityELSSDirectGrowthVery High

Sundaram ELSS Tax Saver Fund

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

As of 05 Oct 2026, the NAV of Sundaram ELSS Tax Saver Fund is ₹504.51 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

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

Sundaram ELSS Tax Saver Fund has returned -7.47% over 1 year, +7.34% per year over 3 years and +8.18% 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 Sundaram ELSS Tax Saver Fund?

Sundaram ELSS Tax Saver Fund charges an expense ratio of 1.78% 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 Sundaram ELSS Tax Saver Fund?

Sundaram ELSS Tax Saver Fund's largest holdings are ICICI Bank Ltd (6.7%), HDFC Bank Ltd (5.5%), Axis Bank Ltd (4.4%), State Bank of India (3.7%) and Bharti Airtel Ltd (3.6%). Holdings are disclosed monthly and change over time.

Q: How risky is Sundaram ELSS Tax Saver Fund?

Sundaram ELSS Tax Saver Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.2% and its worst peak-to-trough fall in our sample was -16.7%. 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 0.06 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Sundaram ELSS Tax Saver Fund's 0.06 means it has rewarded its volatility with excess return. Higher is better.

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

Sundaram 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 Sundaram ELSS Tax Saver Fund?

Sundaram ELSS Tax Saver Fund is managed by Bharath S, Rohit Seksaria and Shalav Saket at Sundaram.

Q: How is Sundaram ELSS Tax Saver Fund taxed?

Sundaram 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.

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

NAV

₹504.51

+0.37% 1D

as of 05 Oct 2026

This is the Direct plan of Sundaram ELSS Tax Saver Fund — bought from the fund house, with no distributor commission in 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

-8.04%absolute

52-week rangePrev NAV ₹502.67

Latest ₹504.51

Low ₹483.3124th percentile of its 52-week rangeHigh ₹570.61

Scorecard

★★☆☆☆2/5 vs 49 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).

PerformanceBelow avg

3Y CAGR +7.34% · ranks 43 of 49 ELSS funds

RiskLow

Volatility 13.2% vs 14.8% category avg

CostHigh

1.8% expense vs 1.1% 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

Less volatile than its ELSS peers (13.2% vs 14.8%)
Consistent — positive in 100% of rolling 3-year windows

Concerns

Trails the ELSS average on 1M/3M/6M/1Y — 1Y by 6.32pp
3-year return (+7.34%) trails the ELSS average (+10.95%)
Ranks #45 of 50 on 1-year return in its ELSS cohort
Weaker risk-adjusted returns — Sharpe 0.06 below the ELSS average of 0.29
High expense ratio (1.78%) vs the ELSS average of 1.12%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.78%

Category 1.12%▲0.66%

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

21.17

Category 24.24▼3.07

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

0.06

Category 0.29▼0.23

Scheme Info

Definitions

Plan

Direct · Growth

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

3 yrs

No exit load shall be levied for switch-out from Direct Plan to Regular Plan or from Regular Plan to Direct Plan. However, any subsequent switch-out or redemption of such investment from Regular Plan/ Direct Plan shall be subject to exit load based on the original date of investment in the Direct Plan/ Regular Plan. No exit load shall be levied for switching between Options under the same Plan within the Scheme. Switch of investments between Plans under a Scheme having separate portfolios, will be subject to applicable exit load. No exit load shall be charged for switches between the option under the same Plan

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.

03 Jan 2022

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

Definitions

Absolute return over the last 1 month (not annualized)

-5.24%

Absolute return over the last 3 months (not annualized)

-5.76%

Absolute return over the last 6 months (not annualized)

+1.88%

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

-10.90%

Annualized returns (≥1Y — CAGR)

Definitions

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

-7.47%

3-year annualized return (CAGR)

+7.34%

5-year annualized return (CAGR)

—

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.

+8.18%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

13.19%

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

0.06

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

0.09

Largest peak-to-trough decline over full history

-16.66%

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

-1.88%

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

0.90

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

95.5%

Excess return per unit of beta (market risk)

1.02

Active return over the benchmark per unit of tracking error

-0.66

Annualized std dev of fund-minus-benchmark returns

3.46%

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

86.8%

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

92.6%

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	-5.24%	-4.63%	-0.61%
3M abs	-5.76%	-3.75%	-2.01%
6M abs	+1.88%	+9.09%	-7.21%
1Y CAGR	-7.47%	-1.15%	-6.32%
3Y CAGR	+7.34%	+10.95%	-3.61%
5Y CAGR	—	+10.70%	—

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

-7.47%

Beats 10.2% · rank #45

3Y return

+7.34%

Beats 12.5% · rank #43

5Y return

—

Sharpe

0.06

Beats 12.5% · rank #43

Sortino

0.09

Beats 12.5% · rank #43

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

₹3.60L

Current value

₹3.55L

Absolute

-1.42%

XIRR

-0.97%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into Sundaram 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	-10.90%	-7.18%	-3.72%
2025	+8.29%	+7.94%	+0.35%
2024	+16.41%	+16.43%	-0.02%
2023	+25.16%	+27.43%	-2.27%
2022part	+3.38%	—	—

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

1,170

Expense ratio

1.78%

AUM

₹1,254Cr

Portfolio turnover

40%

Exit load

P/E ratio

21.2

P/B ratio

3.9

Avg market cap

₹3,95,094Cr

P/E & P/B are portfolio-weighted harmonic means across 51 of 55 equity holdings (94% 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


Sundaram ELSS Tax Saver FundThis fund Sundaram · Direct · Growth	★★☆☆☆	-7.47%	+7.34%	—	21.17	1.78%	₹1,254Cr
Motilal Oswal ELSS Tax Saver Fund Motilal Oswal · Direct · Growth	★★★☆☆	+6.76%	+20.50%	+16.55%	37.88	0.96%	₹4,627Cr
SBI Long Term Advantage Fund - Series V SBI · Direct · Growth	★★★★★	-0.90%	+19.52%	+14.20%	25.36	1.28%	₹345.73Cr
JM ELSS - Tax Saver Fund JM Financial · Direct · Growth	★★★☆☆	+5.16%	+15.77%	+13.06%	29.08	1.34%	₹220.95Cr
ITI ELSS Tax Saver Fund ITI · Direct · Growth	★★★★☆	+1.56%	+15.36%	+12.00%	21.58	0.93%	₹427.06Cr
WhiteOak Capital ELSS Tax Saver Fund WhiteOak Capital · Direct · Growth	★★★★★	+1.43%	+15.17%	—	23.13	0.86%	₹453.00Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap65.4%
Mid cap14.6%
Small cap20.1%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.03%
Cash & Equivalents1.97%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Sundaram Flexicap Fund Sundaram · Flexi Cap Fund	99.4%!	★★☆☆☆	0.87%	+7.85%
Sundaram Value Fund Sundaram · Value Fund	60.1%	★☆☆☆☆	1.78%	+5.78%
Franklin India Flexi Cap Fund Franklin Templeton · Flexi Cap Fund	56.3%!	★★★☆☆	0.99%	+9.55%
Franklin India ELSS Tax Saver Fund Franklin Templeton · ELSS	54.6%	★★★☆☆	1.15%	+9.31%
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	51.6%	★★★★☆	0.63%	+9.16%
HSBC Large Cap Fund HSBC · Large Cap Fund	51.2%	★★☆☆☆	1.41%	+9.83%
Nippon India Balanced Advantage Fund Nippon India · Dynamic Asset Allocation or Balanced Advantage	51.1% of 72% equity	★★★★☆	0.89%	+9.88%
Shriram Multi Asset Allocation Fund Shriram · Multi Asset Allocation	50.4% of 66% equity	★☆☆☆☆	0.62%	+10.74%

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)

1 holding — 0.96% 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.

Whirlpool of India LimitedShort-term · Stage I0.96%

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.

-16.7%17 Jan 2022 → 20 Jun 2022
Fell over 5 months, back to the old high on 09 Sep 2022 — 3 months under water after the low.
-15.9%27 Sep 2024 → 28 Feb 2025
Fell over 5 months, back to the old high on 29 Oct 2025 — 8 months under water after the low.
-15.3%02 Jan 2026 → 31 Mar 2026
Still below that high — 3 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

₹1,254Cr

April - June 2026

-6%

since January - March 2026

+₹6.56Cr

est. net flow, last quarter

Down +6% from its peak of ₹1,329Cr 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

Sundaram Mutual Fund is run by Sundaram Asset Management, part of the Chennai-based Sundaram Finance group, and has been in business since 1996. It absorbed Principal Mutual Fund's schemes in 2021 and has a long-standing small- and mid-cap franchise.

Launched

25 Feb 1996

Total AUM

₹76,929Cr+2.7% QoQ

Avg AUM · April - June 2026

Website

sundarammutual.com

Fund Managers

BSBharath SStart date not disclosed

Funds managed (1)

Sundaram Business Cycle Fund

All schemes Bharath S runs →

RSRohit SeksariaStart date not disclosed

Education

B.Com, PGDM, CFA BE, PGPM

Experience

Sundaram Asset Management Co. Jan 2017 to till date Assistant Fund Manager – Equity Progress Capital Pte, Singapore Sundaram Financial Services Jun 2013 to Dec 2016 Senior Analyst Matchpoint Investment Management Asia, Hong Kong Jul 2010 to Mar 2013 Progress Capital Pte, Singapore Sundaram Long Term Micro Cap Tax Jul 2007 to Jul 2010 Senior Analyst Irevna Research Services Dec 2002 to Jul 2007 Head of Research UTI Mutual Fund May 2002 to Dec 2002 Manager Jan 2022 to Present Sundaram Asset Management - Fund Manager - Equity 2015 to Oct 2019 - Principal MF,: Sr Analyst, Oct 2014 to August 2015 - Antique Stock Broking- AVP- Institutional Research-IT Services, Nov 2009 to Oct 2014 Tata Securities AVP- Institutional Research-IT Services, Telecom

Funds managed (15)

All schemes Rohit Seksaria runs →

SSShalav SaketStart date not disclosed

Role

Overseas Investment s Associate

Experience

America Securities Ltd • 2020 - 2022 - Consulting in Pricewaterhouse Coopers Ltd • 2017 - 2018 - Software Engineering in Samsung R & D Insitute Ltd • 2015 - 2017 - Software Engireering - Wipro Technologies Ltd • 2024 - Till Date - Associate Fund Manager - Sundaram Asset Management Company Limited • 2021 - 2024 - Assistant Fund Manager & BFSI sector analyst - Canara HSBC Life Insurance

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

Rohit Seksaria

Top holdings

ICICI Bank Ltd HDFC Bank Ltd Axis Bank Ltd State Bank of India Bharti Airtel Ltd Larsen & Toubro Ltd Reliance Industries Ltd Infosys Ltd Kirloskar Oil Engines Ltd Kotak Mahindra Bank Ltd Mahindra & Mahindra Ltd Ultratech Cement Ltd

Sundaram 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.

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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 Sundaram ELSS Tax Saver Fund?

As of 05 Oct 2026, the NAV of Sundaram ELSS Tax Saver Fund is ₹504.51 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Sundaram ELSS Tax Saver Fund delivered?

Sundaram ELSS Tax Saver Fund has returned -7.47% over 1 year, +7.34% per year over 3 years and +8.18% 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 Sundaram ELSS Tax Saver Fund?

Sundaram ELSS Tax Saver Fund charges an expense ratio of 1.78% 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 Sundaram ELSS Tax Saver Fund?

Sundaram ELSS Tax Saver Fund's largest holdings are ICICI Bank Ltd (6.7%), HDFC Bank Ltd (5.5%), Axis Bank Ltd (4.4%), State Bank of India (3.7%) and Bharti Airtel Ltd (3.6%). Holdings are disclosed monthly and change over time.

How risky is Sundaram ELSS Tax Saver Fund?

Sundaram ELSS Tax Saver Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.2% and its worst peak-to-trough fall in our sample was -16.7%. 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 0.06 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Sundaram ELSS Tax Saver Fund's 0.06 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Sundaram ELSS Tax Saver Fund?

Sundaram 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 Sundaram ELSS Tax Saver Fund?

Sundaram ELSS Tax Saver Fund is managed by Bharath S, Rohit Seksaria and Shalav Saket at Sundaram.

How is Sundaram ELSS Tax Saver Fund taxed?

Sundaram 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.