HDFC ELSS - Tax Saver Fund
ELSSVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹1,412.61+0.05%1 day
- Return since launch
- 22.3%
- 52-week range
- ₹1,252.90 — ₹1,471.63
- AUM
- ₹14,949 Cr
HDFC ELSS - Tax Saver Fund is a ELSS equity fund from HDFC Mutual Fund with ₹14,949 Cr under management, launched in 1995. Over three years it has returned 5.3% a year, against 11.4% for its category. The expense ratio is 1.76% and the SEBI riskometer reading is Very High.
Performance
HDFC ELSS - Tax Saver Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -2.5% against 0.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.6% | +4.0 pts | 0.6% | 6.0% |
| 2Y | 3.2% | −1.1 pts | 4.3% | 3.9% |
| 3Y | 5.3% | −6.1 pts | 11.4% | 4.6% |
| 5Y | 12.2% | +2.5 pts | 9.8% | 9.3% |
| 7Y | 15.7% | +2.4 pts | 13.3% | 12.1% |
| 10Y | 14.1% | +1.1 pts | 12.9% | 11.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 9.3% | +2.6 pts | 6.7% | 7.5% |
| 3M | 0.8% | +1.2 pts | -0.5% | -0.5% |
| 6M | 6.0% | +1.3 pts | 4.6% | 4.7% |
| 1Y | -2.1% | −2.7 pts | 0.6% | 0.3% |
| 2Y | 2.5% | +0.6 pts | 1.9% | 1.4% |
| 3Y | 13.5% | +2.1 pts | 11.4% | 10.7% |
| 5Y | 13.3% | +3.5 pts | 9.8% | 8.8% |
| 7Y | 15.5% | +1.0 pts | 14.6% | 12.7% |
| 10Y | 12.6% | −0.3 pts | 12.9% | 11.5% |
Since launch (18 Dec 1995): 22.3%
Calendar-year returns
Category average5.8%
35.3%
10.5%
33.2%
21.1%
10.3%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 10.3% | +5.8 pts | 4.5% |
| 2024 | 21.1% | +0.8 pts | 20.3% |
| 2023 | 33.2% | +1.4 pts | 31.8% |
| 2022 | 10.5% | +7.0 pts | 3.5% |
| 2021 | 35.3% | −4.6 pts | 39.9% |
| 2020 | 5.8% | −12.9 pts | 18.7% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.76%
Expense ratio as on 4 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.45%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.30%
- Exit load
- 0%
- Lock-in
- 3 years
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 2.43 | 4.34 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.87 | 1.03 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.49 | 0.55 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.59 | 0.76 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.07 | 17.53 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HDFC ELSS - Tax Saver Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity99.3%
- Debt0.3%
- Other0.4%
Market cap split
- Large79.0%
- Mid10.2%
- Small10.7%
- P/E
- 21.54
- P/B
- 3.07
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 9.06% | ₹1,355 Cr | +9.64% | +9.08% | +8.91% |
| HDFC Bank Ltd. | Financial | 7.87% | ₹1,176 Cr | +8.44% | +8.31% | +9.48% |
| Axis Bank Ltd. | Financial | 6.56% | ₹981 Cr | +7.60% | +7.04% | +8.16% |
| Kotak Mahindra Bank Ltd. | Financial | 4.88% | ₹730 Cr | +4.38% | +4.23% | +4.19% |
| State Bank of India | Financial | 4.49% | ₹672 Cr | +4.58% | +4.69% | +3.67% |
| Bharti Airtel Ltd. | Communication | 4.45% | ₹666 Cr | +4.47% | +4.62% | +3.84% |
| Maruti Suzuki India Ltd. | Automobile | 4.40% | ₹658 Cr | +4.95% | +4.63% | +5.30% |
| SBI Life Insurance Company Ltd. | Insurance | 3.21% | ₹479 Cr | +3.36% | +4.88% | +4.84% |
| HCL Technologies Ltd. | Technology | 2.94% | ₹440 Cr | +2.44% | +3.28% | +2.79% |
| Hyundai Motor India Ltd. | Automobile | 2.72% | ₹406 Cr | +2.43% | +2.43% | +3.11% |
| Reliance Industries Ltd. | Energy | 2.64% | ₹395 Cr | +2.74% | +3.06% | +0.16% |
| Eternal Ltd. | Services | 2.41% | ₹360 Cr | +1.90% | +1.53% | — |
| Bajaj Auto Ltd. | Automobile | 1.88% | ₹280 Cr | +1.82% | +2.85% | +2.48% |
| Tata Steel Ltd. | Metals & Mining | 1.85% | ₹276 Cr | +1.80% | +1.97% | +1.52% |
| Britannia Industries Ltd. | Consumer Staples | 1.69% | ₹253 Cr | +1.72% | +1.56% | — |
| Larsen & Toubro Ltd. | Construction | 1.59% | ₹237 Cr | +1.67% | +1.51% | +0.99% |
| JSW Steel Ltd. | Metals & Mining | 1.55% | ₹231 Cr | +1.56% | +1.54% | +2.06% |
| Dr. Lal Pathlabs Ltd. | Healthcare | 1.52% | ₹227 Cr | +1.20% | +1.02% | +1.07% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 1.50% | ₹225 Cr | +1.52% | +1.40% | +1.22% |
| Bosch Ltd. | Automobile | 1.42% | ₹212 Cr | +1.27% | +0.98% | +1.15% |
| Interglobe Aviation Ltd. | Services | 1.37% | ₹204 Cr | +1.37% | +1.08% | +1.34% |
| Karur Vysya Bank Ltd. | Financial | 1.30% | ₹195 Cr | +1.13% | +1.19% | +0.76% |
| Alkem Laboratories Ltd. | Healthcare | 1.21% | ₹181 Cr | +1.10% | +1.00% | — |
| Jubilant FoodWorks Ltd. | Services | 1.21% | ₹181 Cr | +1.05% | +1.18% | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.17% | ₹175 Cr | +0.50% | — | — |
| Metropolis Healthcare Ltd. | Healthcare | 1.16% | ₹173 Cr | +1.10% | +0.95% | +0.98% |
| Cipla Ltd. | Healthcare | 1.11% | ₹166 Cr | +1.15% | +1.03% | +4.88% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 1.10% | ₹165 Cr | +1.10% | +1.16% | — |
| Power Grid Corporation Of India Ltd. | Energy | 1.09% | ₹163 Cr | +2.01% | +2.23% | +1.69% |
| Star Health and Allied Insurance Company Ltd. | Insurance | 1.07% | ₹160 Cr | +1.13% | +0.94% | +0.67% |
| ICICI Prudential Asset Management Company Ltd. | Financial | 1.05% | ₹157 Cr | +0.70% | +0.64% | — |
| United Spirits Ltd. | Consumer Staples | 1.03% | ₹154 Cr | +0.98% | +0.83% | +0.80% |
| Tech Mahindra Ltd. | Technology | 1.02% | ₹152 Cr | +0.90% | +0.95% | +0.84% |
| Mphasis Ltd. | Technology | 1.01% | ₹151 Cr | +0.96% | +0.90% | — |
| JSW Energy Ltd. | Capital Goods | 0.97% | ₹145 Cr | — | — | — |
| Infosys Ltd. | Technology | 0.96% | ₹144 Cr | +1.70% | +2.14% | +1.30% |
| Lupin Ltd. | Healthcare | 0.95% | ₹142 Cr | +1.08% | +0.95% | +0.69% |
| Eicher Motors Ltd. | Automobile | 0.86% | ₹129 Cr | +0.81% | +0.81% | +1.79% |
| PB Fintech Ltd. | Services | 0.84% | ₹125 Cr | +0.93% | +0.77% | — |
| Chalet Hotels Ltd. | Services | 0.81% | ₹121 Cr | +0.47% | — | — |
| 360 One Wam Ltd. | Financial | 0.79% | ₹119 Cr | — | — | — |
| Hindustan Unilever Ltd. | Consumer Staples | 0.75% | ₹113 Cr | +0.74% | — | — |
| Godrej Consumer Products Ltd. | Consumer Staples | 0.74% | ₹111 Cr | +0.84% | +0.63% | — |
| Havells India Ltd. | Capital Goods | 0.73% | ₹109 Cr | +0.79% | +0.73% | +0.81% |
| Mahindra & Mahindra Ltd. | Automobile | 0.69% | ₹103 Cr | +0.68% | +0.71% | +0.72% |
| Cummins India Ltd. | Capital Goods | 0.68% | ₹102 Cr | — | — | — |
| Westlife Foodworld Ltd. | Services | 0.59% | ₹87.97 Cr | +0.47% | +0.49% | +0.62% |
| Bharat Electronics Ltd. | Capital Goods | 0.56% | ₹84.00 Cr | — | — | — |
| Birla Corporation Ltd. | Materials | 0.56% | ₹84.01 Cr | +0.63% | +0.57% | +0.73% |
| Life Insurance Corporation of India | Insurance | 0.53% | ₹79.04 Cr | — | — | — |
| The Ramco Cements Ltd. | Materials | 0.45% | ₹67.64 Cr | +0.47% | +0.50% | +0.47% |
| Cyient Ltd. | Technology | 0.44% | ₹65.92 Cr | +0.38% | +0.35% | +0.46% |
| Cohance Lifesciences Ltd. | Healthcare | 0.42% | ₹63.27 Cr | +0.41% | +0.29% | +0.75% |
| Others | Others | 0.41% | ₹56.30 Cr | -0.09% | -0.82% | -0.16% |
| GOI | Sovereign | 0.34% | ₹50.43 Cr | +0.32% | +0.35% | +0.31% |
| Popular Vehicles And Services Ltd. | Services | 0.31% | ₹47.06 Cr | +0.29% | +0.29% | +0.43% |
| TeamLease Services Ltd. | Services | 0.31% | ₹46.70 Cr | +0.41% | +0.35% | +0.48% |
| Rubicon Research Ltd. | Healthcare | 0.24% | ₹35.97 Cr | — | — | — |
| Tata Motors Ltd. | Automobile | 0.17% | ₹25.30 Cr | +0.16% | — | — |
| JK Lakshmi Cement Ltd. | Materials | 0.13% | ₹18.76 Cr | +0.15% | +0.15% | +0.36% |
| Bajaj Electricals Ltd. | Consumer Discretionary | 0.12% | ₹17.32 Cr | +0.18% | +0.22% | +0.65% |
| Anthem Biosciences Ltd. | Healthcare | 0.07% | ₹11.14 Cr | +0.24% | +0.22% | +0.23% |
| SBI Funds Management Ltd. | Financial | 0.05% | ₹8.21 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Cummins India Ltd. | 0.00% | 0.68% | +0.68% |
| PB Fintech Ltd. | 1.35% | 0.84% | -0.51% |
| HDFC Bank Ltd. | 7.36% | 7.87% | +0.51% |
| Kotak Mahindra Bank Ltd. | 4.59% | 4.88% | +0.29% |
| ICICI Bank Ltd. | 9.32% | 9.06% | -0.26% |
| Maruti Suzuki India Ltd. | 4.66% | 4.40% | -0.26% |
| Anthem Biosciences Ltd. | 0.28% | 0.07% | -0.21% |
| Infosys Ltd. | 1.17% | 0.96% | -0.21% |
| Bharti Airtel Ltd. | 4.29% | 4.45% | +0.16% |
| State Bank of India | 4.64% | 4.49% | -0.15% |
| Dr. Lal Pathlabs Ltd. | 1.38% | 1.52% | +0.14% |
| Tata Steel Ltd. | 1.73% | 1.85% | +0.12% |
| Eternal Ltd. | 2.31% | 2.41% | +0.10% |
| Havells India Ltd. | 0.83% | 0.73% | -0.10% |
| JSW Energy Ltd. | 0.87% | 0.97% | +0.10% |
| Bharat Electronics Ltd. | 0.47% | 0.56% | +0.09% |
| ICICI Prudential Asset Management Company Ltd. | 0.96% | 1.05% | +0.09% |
| Bajaj Auto Ltd. | 1.96% | 1.88% | -0.08% |
| ICICI Lombard General Insurance Company Ltd. | 1.02% | 1.10% | +0.08% |
| 360 One Wam Ltd. | 0.73% | 0.79% | +0.06% |
| Power Grid Corporation Of India Ltd. | 1.03% | 1.09% | +0.06% |
| Westlife Foodworld Ltd. | 0.53% | 0.59% | +0.06% |
| Axis Bank Ltd. | 6.50% | 6.56% | +0.06% |
| Mphasis Ltd. | 1.06% | 1.01% | -0.05% |
| Alkem Laboratories Ltd. | 1.17% | 1.21% | +0.04% |
| Eicher Motors Ltd. | 0.90% | 0.86% | -0.04% |
| Hindustan Aeronautics Ltd. | 1.13% | 1.17% | +0.04% |
| JSW Steel Ltd. | 1.51% | 1.55% | +0.04% |
| SBI Life Insurance Company Ltd. | 3.25% | 3.21% | -0.04% |
| Medi Assist Healthcare Services Ltd. | 0.04% | 0.00% | -0.04% |
| Hyundai Motor India Ltd. | 2.76% | 2.72% | -0.04% |
| Apollo Hospitals Enterprise Ltd. | 1.53% | 1.50% | -0.03% |
| Britannia Industries Ltd. | 1.72% | 1.69% | -0.03% |
| Interglobe Aviation Ltd. | 1.34% | 1.37% | +0.03% |
| Mahindra & Mahindra Ltd. | 0.72% | 0.69% | -0.03% |
| United Spirits Ltd. | 1.06% | 1.03% | -0.03% |
| Escorts Kubota Ltd. | 0.03% | 0.00% | -0.03% |
| Cipla Ltd. | 1.09% | 1.11% | +0.02% |
| GOI | 0.32% | 0.34% | +0.02% |
| Jubilant FoodWorks Ltd. | 1.23% | 1.21% | -0.02% |
| Reliance Industries Ltd. | 2.66% | 2.64% | -0.02% |
| TeamLease Services Ltd. | 0.33% | 0.31% | -0.02% |
| Others | -0.04% | -0.06% | -0.02% |
| Bajaj Electricals Ltd. | 0.13% | 0.12% | -0.01% |
| Birla Corporation Ltd. | 0.55% | 0.56% | +0.01% |
| Bosch Ltd. | 1.41% | 1.42% | +0.01% |
| Cohance Lifesciences Ltd. | 0.41% | 0.42% | +0.01% |
| Hindustan Unilever Ltd. | 0.74% | 0.75% | +0.01% |
| Larsen & Toubro Ltd. | 1.60% | 1.59% | -0.01% |
| Life Insurance Corporation of India | 0.52% | 0.53% | +0.01% |
| Lupin Ltd. | 0.96% | 0.95% | -0.01% |
| Metropolis Healthcare Ltd. | 1.17% | 1.16% | -0.01% |
| Popular Vehicles And Services Ltd. | 0.32% | 0.31% | -0.01% |
| Rubicon Research Ltd. | 0.25% | 0.24% | -0.01% |
| The Ramco Cements Ltd. | 0.44% | 0.45% | +0.01% |
| SBI Funds Management Ltd. | 0.06% | 0.05% | -0.01% |
| Tata Motors Ltd. | 0.18% | 0.17% | -0.01% |
| HCL Technologies Ltd. | 2.93% | 2.94% | +0.01% |
| Chalet Hotels Ltd. | 0.81% | 0.81% | 0.00% |
| Cyient Ltd. | 0.44% | 0.44% | 0.00% |
| Godrej Consumer Products Ltd. | 0.74% | 0.74% | 0.00% |
| JK Lakshmi Cement Ltd. | 0.13% | 0.13% | 0.00% |
| Karur Vysya Bank Ltd. | 1.30% | 1.30% | 0.00% |
| Star Health and Allied Insurance Company Ltd. | 1.07% | 1.07% | 0.00% |
| Tech Mahindra Ltd. | 1.02% | 1.02% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,088 Cr | 2.35% | 8.8% | 8.1% | 13.5% |
 Motilal Oswal ELSS Tax Saver Fund | ₹4,890 Cr | 2.07% | 8.1% | 8.8% | 16.0% |
 HSBC ELSS Tax saver Fund | ₹3,974 Cr | 1.98% | 8.0% | 7.9% | 12.9% |
 Baroda BNP Paribas ELSS Tax Saver Fund | ₹857 Cr | 2.46% | 6.6% | 7.2% | 11.9% |
 WhiteOak Capital ELSS Tax Saver Fund | ₹481 Cr | 2.60% | 10.8% | 8.6% | — |
 JM ELSS - Tax Saver Fund | ₹240 Cr | 2.66% | 10.6% | 7.7% | 13.1% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate capital appreciation / income from a portfolio, comprising predominantly of equity & equity related instruments.
Fund managers
- Amar KalkundrikarMr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School.Prior to joining HDFC Asset Management Company Limited, he has worked with Nippon India Mutual Fund, and HDFC AMC. He worked with multiple roles at HDFC MF.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months5.97% absolute | ₹60,000 | ₹63,582 | 5.97% | |
| 1 year−2.10% annualised | ₹1,20,000 | ₹1,18,644 | −1.13% | |
| 3 years13.52% annualised | ₹3,60,000 | ₹4,45,918 | 23.87% | |
| 5 years13.29% annualised | ₹6,00,000 | ₹8,54,901 | 42.48% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of HDFC ELSS - Tax Saver Fund?
The NAV of HDFC ELSS - Tax Saver Fund is ₹1,412.61 as on 9 Nov 2026.
What is the expense ratio of HDFC ELSS - Tax Saver Fund?
The expense ratio of HDFC ELSS - Tax Saver Fund is 1.76% per year.
What is the minimum SIP amount for HDFC ELSS - Tax Saver Fund?
You can start a SIP in HDFC ELSS - Tax Saver Fund with ₹3,000 a month.
What returns has HDFC ELSS - Tax Saver Fund given?
HDFC ELSS - Tax Saver Fund has returned 4.6% over 1 year, 5.3% over 3 years and 12.2% over 5 years (annualised).
Is there a lock-in or exit load on HDFC ELSS - Tax Saver Fund?
Lock-in: 3 years. Exit load: 0%.
How risky is HDFC ELSS - Tax Saver Fund?
HDFC ELSS - Tax Saver Fund is rated Very High on the SEBI riskometer and belongs to the ELSS category.
Which fund house manages HDFC ELSS - Tax Saver Fund?
HDFC ELSS - Tax Saver Fund is managed by HDFC Mutual Fund, which runs 86 schemes with ₹9,96,954 Cr under management.