HDFC ELSS - Tax Saver Fund
ELSSVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹1,325.74-1.82%1 day
- Return since launch
- 22.2%
- 52-week range
- ₹1,252.90 — ₹1,474.50
- AUM
- ₹15,992 Cr
HDFC ELSS - Tax Saver Fund is a ELSS equity fund from HDFC Mutual Fund with ₹15,992 Cr under management, launched in 1995. Over three years it has returned 2.1% a year, against 10.3% for its category. The expense ratio is 1.75% 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 -7.4% against -2.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -9.3% | −7.8 pts | -1.5% | -3.3% |
| 2Y | -3.4% | −3.7 pts | 0.3% | -0.8% |
| 3Y | 2.1% | −8.2 pts | 10.3% | 2.5% |
| 5Y | 10.5% | +0.8 pts | 9.7% | 8.3% |
| 7Y | 14.7% | +1.7 pts | 13.0% | 11.6% |
| 10Y | 13.2% | +0.7 pts | 12.5% | 11.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -5.0% | −1.2 pts | -3.8% | -4.3% |
| 3M | -2.6% | −1.4 pts | -1.3% | -1.7% |
| 6M | 1.5% | −5.3 pts | 6.8% | 5.7% |
| 1Y | -7.4% | −5.9 pts | -1.5% | -2.3% |
| 2Y | -3.7% | −0.5 pts | -3.2% | -3.9% |
| 3Y | 11.7% | +1.3 pts | 10.3% | 9.2% |
| 5Y | 12.6% | +2.9 pts | 9.7% | 8.6% |
| 7Y | 15.1% | +0.5 pts | 14.6% | 12.5% |
| 10Y | 12.2% | −0.3 pts | 12.5% | 10.8% |
Since launch (18 Dec 1995): 22.2%
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
1.77%
Expense ratio as on 16 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.45%
- Brokerage
- 0.02%
- 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 | 2.67 | 4.67 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.86 | 1.08 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.64 | 0.67 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.78 | 0.90 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 13.51 | 17.94 | 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 31 Aug 2026
Asset allocation
- Equity98.7%
- Debt0.3%
- Other1.0%
Market cap split
- Large78.4%
- Mid10.9%
- Small10.7%
- P/E
- 22.92
- P/B
- 3.26
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 9.32% | ₹1,490 Cr | +8.99% | +9.13% | +9.30% |
| HDFC Bank Ltd. | Financial | 7.36% | ₹1,177 Cr | +8.04% | +8.87% | +9.56% |
| Axis Bank Ltd. | Financial | 6.50% | ₹1,040 Cr | +7.42% | +7.38% | +7.59% |
| Maruti Suzuki India Ltd. | Automobile | 4.66% | ₹745 Cr | +4.70% | +4.92% | +4.92% |
| State Bank of India | Financial | 4.64% | ₹742 Cr | +4.39% | +5.06% | +3.40% |
| Kotak Mahindra Bank Ltd. | Financial | 4.59% | ₹734 Cr | +4.38% | +4.37% | +4.15% |
| Bharti Airtel Ltd. | Communication | 4.29% | ₹686 Cr | +4.51% | +3.84% | +3.89% |
| SBI Life Insurance Company Ltd. | Insurance | 3.25% | ₹520 Cr | +3.57% | +5.52% | +4.92% |
| HCL Technologies Ltd. | Technology | 2.93% | ₹469 Cr | +2.75% | +2.80% | +2.95% |
| Hyundai Motor India Ltd. | Automobile | 2.76% | ₹441 Cr | +2.50% | +2.61% | +2.98% |
| Reliance Industries Ltd. | Energy | 2.66% | ₹425 Cr | +2.86% | +2.79% | +0.16% |
| Eternal Ltd. | Services | 2.31% | ₹369 Cr | +1.83% | +0.96% | — |
| Bajaj Auto Ltd. | Automobile | 1.96% | ₹313 Cr | +2.04% | +2.85% | +2.48% |
| Tata Steel Ltd. | Metals & Mining | 1.73% | ₹277 Cr | +2.03% | +1.92% | +1.40% |
| Britannia Industries Ltd. | Consumer Staples | 1.72% | ₹275 Cr | +1.69% | +1.39% | — |
| Larsen & Toubro Ltd. | Construction | 1.60% | ₹255 Cr | +1.67% | +1.63% | +0.98% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 1.53% | ₹245 Cr | +1.46% | +1.29% | +1.27% |
| JSW Steel Ltd. | Metals & Mining | 1.51% | ₹241 Cr | +1.66% | +1.52% | +1.86% |
| Bosch Ltd. | Automobile | 1.41% | ₹225 Cr | +1.19% | +1.10% | +1.21% |
| Dr. Lal Pathlabs Ltd. | Healthcare | 1.38% | ₹221 Cr | +1.19% | +0.96% | +1.14% |
| PB Fintech Ltd. | Services | 1.35% | ₹216 Cr | +0.87% | +0.47% | — |
| Interglobe Aviation Ltd. | Services | 1.34% | ₹215 Cr | +1.15% | +1.16% | +1.37% |
| Karur Vysya Bank Ltd. | Financial | 1.30% | ₹209 Cr | +1.13% | +1.18% | +0.78% |
| Jubilant FoodWorks Ltd. | Services | 1.23% | ₹197 Cr | +1.10% | +1.24% | — |
| Alkem Laboratories Ltd. | Healthcare | 1.17% | ₹187 Cr | +1.11% | +0.42% | — |
| Infosys Ltd. | Technology | 1.17% | ₹187 Cr | +2.01% | +1.96% | +1.33% |
| Metropolis Healthcare Ltd. | Healthcare | 1.17% | ₹186 Cr | +1.16% | +0.92% | +1.06% |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.13% | ₹180 Cr | — | — | — |
| Cipla Ltd. | Healthcare | 1.09% | ₹174 Cr | +1.12% | +1.00% | +5.19% |
| Star Health and Allied Insurance Company Ltd. | Insurance | 1.07% | ₹170 Cr | +1.03% | +0.84% | +0.68% |
| Mphasis Ltd. | Technology | 1.06% | ₹170 Cr | +1.03% | +0.89% | — |
| United Spirits Ltd. | Consumer Staples | 1.06% | ₹169 Cr | +0.88% | +0.83% | +0.79% |
| Power Grid Corporation Of India Ltd. | Energy | 1.03% | ₹165 Cr | +2.08% | +1.98% | +1.67% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 1.02% | ₹163 Cr | +1.15% | +1.03% | — |
| Tech Mahindra Ltd. | Technology | 1.02% | ₹163 Cr | +0.97% | +0.82% | +0.90% |
| Others | Others | 0.99% | ₹167 Cr | -0.20% | -1.88% | +0.14% |
| ICICI Prudential Asset Management Company Ltd. | Financial | 0.96% | ₹153 Cr | +0.76% | +0.62% | — |
| Lupin Ltd. | Healthcare | 0.96% | ₹153 Cr | +1.03% | +0.83% | +0.69% |
| Eicher Motors Ltd. | Automobile | 0.90% | ₹143 Cr | +0.84% | +0.87% | +1.57% |
| JSW Energy Ltd. | Capital Goods | 0.87% | ₹139 Cr | — | — | — |
| Havells India Ltd. | Capital Goods | 0.83% | ₹133 Cr | +0.82% | +0.76% | +0.83% |
| Chalet Hotels Ltd. | Services | 0.81% | ₹129 Cr | — | — | — |
| Godrej Consumer Products Ltd. | Consumer Staples | 0.74% | ₹118 Cr | +0.87% | +0.54% | — |
| Hindustan Unilever Ltd. | Consumer Staples | 0.74% | ₹118 Cr | +0.77% | — | — |
| 360 One Wam Ltd. | Financial | 0.73% | ₹118 Cr | — | — | — |
| Mahindra & Mahindra Ltd. | Automobile | 0.72% | ₹115 Cr | +0.69% | +0.72% | +1.02% |
| Birla Corporation Ltd. | Materials | 0.55% | ₹87.27 Cr | +0.65% | +0.60% | +0.76% |
| Westlife Foodworld Ltd. | Services | 0.53% | ₹85.19 Cr | +0.44% | +0.45% | +0.65% |
| Life Insurance Corporation of India | Insurance | 0.52% | ₹83.60 Cr | — | — | — |
| Bharat Electronics Ltd. | Capital Goods | 0.47% | ₹74.60 Cr | — | — | — |
| Cyient Ltd. | Technology | 0.44% | ₹70.36 Cr | +0.40% | +0.37% | +0.48% |
| The Ramco Cements Ltd. | Materials | 0.44% | ₹70.36 Cr | +0.45% | +0.54% | +0.51% |
| Cohance Lifesciences Ltd. | Healthcare | 0.41% | ₹64.97 Cr | +0.40% | +0.27% | — |
| TeamLease Services Ltd. | Services | 0.33% | ₹52.19 Cr | +0.40% | +0.33% | +0.49% |
| GOI | Sovereign | 0.32% | ₹50.61 Cr | +0.33% | +0.31% | +0.31% |
| Popular Vehicles And Services Ltd. | Services | 0.32% | ₹51.75 Cr | +0.31% | +0.28% | +0.33% |
| Anthem Biosciences Ltd. | Healthcare | 0.28% | ₹44.17 Cr | +0.24% | +0.21% | +0.24% |
| Rubicon Research Ltd. | Healthcare | 0.25% | ₹40.42 Cr | — | — | — |
| Tata Motors Ltd. | Automobile | 0.18% | ₹28.27 Cr | +0.15% | — | — |
| Bajaj Electricals Ltd. | Consumer Discretionary | 0.13% | ₹20.29 Cr | +0.19% | +0.26% | +0.69% |
| JK Lakshmi Cement Ltd. | Materials | 0.13% | ₹20.24 Cr | +0.15% | +0.16% | +0.39% |
| SBI Funds Management Ltd. | Financial | 0.06% | ₹9.18 Cr | — | — | — |
| Medi Assist Healthcare Services Ltd. | Services | 0.04% | ₹7.01 Cr | +0.22% | +0.31% | +0.43% |
| Escorts Kubota Ltd. | Automobile | 0.03% | ₹5.16 Cr | +0.93% | +1.06% | +1.08% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| JSW Energy Ltd. | 0.05% | 0.87% | +0.82% |
| Power Grid Corporation Of India Ltd. | 1.72% | 1.03% | -0.69% |
| Crompton Greaves Consumer Electricals Ltd. | 0.57% | 0.00% | -0.57% |
| Infosys Ltd. | 1.69% | 1.17% | -0.52% |
| Life Insurance Corporation of India | 0.00% | 0.52% | +0.52% |
| Escorts Kubota Ltd. | 0.52% | 0.03% | -0.49% |
| Others | 0.42% | -0.04% | -0.46% |
| Axis Bank Ltd. | 6.11% | 6.50% | +0.39% |
| HDFC Bank Ltd. | 7.72% | 7.36% | -0.36% |
| Bharti Airtel Ltd. | 4.64% | 4.29% | -0.35% |
| Kotak Mahindra Bank Ltd. | 4.24% | 4.59% | +0.35% |
| PB Fintech Ltd. | 1.02% | 1.35% | +0.33% |
| Delhivery Ltd. | 0.30% | 0.00% | -0.30% |
| Bosch Ltd. | 1.15% | 1.41% | +0.26% |
| Rubicon Research Ltd. | 0.00% | 0.25% | +0.25% |
| SBI Life Insurance Company Ltd. | 3.49% | 3.25% | -0.24% |
| Eternal Ltd. | 2.11% | 2.31% | +0.20% |
| Maruti Suzuki India Ltd. | 4.86% | 4.66% | -0.20% |
| ICICI Bank Ltd. | 9.14% | 9.32% | +0.18% |
| State Bank of India | 4.47% | 4.64% | +0.17% |
| Chalet Hotels Ltd. | 0.66% | 0.81% | +0.15% |
| Jubilant FoodWorks Ltd. | 1.08% | 1.23% | +0.15% |
| Godrej Consumer Products Ltd. | 0.87% | 0.74% | -0.13% |
| Cyient Ltd. | 0.32% | 0.44% | +0.12% |
| Bajaj Auto Ltd. | 1.85% | 1.96% | +0.11% |
| Lupin Ltd. | 1.05% | 0.96% | -0.09% |
| ICICI Prudential Asset Management Company Ltd. | 0.87% | 0.96% | +0.09% |
| Alkem Laboratories Ltd. | 1.25% | 1.17% | -0.08% |
| HCL Technologies Ltd. | 2.99% | 2.93% | -0.06% |
| Westlife Foodworld Ltd. | 0.47% | 0.53% | +0.06% |
| Medi Assist Healthcare Services Ltd. | 0.10% | 0.04% | -0.06% |
| JSW Steel Ltd. | 1.46% | 1.51% | +0.05% |
| Larsen & Toubro Ltd. | 1.55% | 1.60% | +0.05% |
| Star Health and Allied Insurance Company Ltd. | 1.12% | 1.07% | -0.05% |
| Bajaj Electricals Ltd. | 0.18% | 0.13% | -0.05% |
| Hindustan Aeronautics Ltd. | 1.08% | 1.13% | +0.05% |
| Hyundai Motor India Ltd. | 2.71% | 2.76% | +0.05% |
| Britannia Industries Ltd. | 1.76% | 1.72% | -0.04% |
| Hindustan Unilever Ltd. | 0.78% | 0.74% | -0.04% |
| Mphasis Ltd. | 1.02% | 1.06% | +0.04% |
| Reliance Industries Ltd. | 2.70% | 2.66% | -0.04% |
| Tata Steel Ltd. | 1.77% | 1.73% | -0.04% |
| Bharat Electronics Ltd. | 0.43% | 0.47% | +0.04% |
| Cipla Ltd. | 1.13% | 1.09% | -0.04% |
| Anthem Biosciences Ltd. | 0.25% | 0.28% | +0.03% |
| ICICI Lombard General Insurance Company Ltd. | 1.05% | 1.02% | -0.03% |
| Cohance Lifesciences Ltd. | 0.38% | 0.41% | +0.03% |
| Dr. Lal Pathlabs Ltd. | 1.35% | 1.38% | +0.03% |
| 360 One Wam Ltd. | 0.71% | 0.73% | +0.02% |
| Eicher Motors Ltd. | 0.88% | 0.90% | +0.02% |
| Interglobe Aviation Ltd. | 1.32% | 1.34% | +0.02% |
| Karur Vysya Bank Ltd. | 1.28% | 1.30% | +0.02% |
| Mahindra & Mahindra Ltd. | 0.74% | 0.72% | -0.02% |
| TeamLease Services Ltd. | 0.31% | 0.33% | +0.02% |
| The Ramco Cements Ltd. | 0.46% | 0.44% | -0.02% |
| Tata Motors Ltd. | 0.16% | 0.18% | +0.02% |
| GOI | 0.31% | 0.32% | +0.01% |
| Havells India Ltd. | 0.84% | 0.83% | -0.01% |
| Metropolis Healthcare Ltd. | 1.16% | 1.17% | +0.01% |
| Popular Vehicles And Services Ltd. | 0.33% | 0.32% | -0.01% |
| Tech Mahindra Ltd. | 1.03% | 1.02% | -0.01% |
| United Spirits Ltd. | 1.07% | 1.06% | -0.01% |
| Apollo Hospitals Enterprise Ltd. | 1.53% | 1.53% | 0.00% |
| Birla Corporation Ltd. | 0.55% | 0.55% | 0.00% |
| JK Lakshmi Cement Ltd. | 0.13% | 0.13% | 0.00% |
| SBI Funds Management Ltd. | 0.06% | 0.06% | 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 | ₹2,116 Cr | 2.38% | 9.0% | 8.9% | 14.6% |
 Motilal Oswal ELSS Tax Saver Fund | ₹5,134 Cr | 2.08% | 17.2% | 12.9% | 18.3% |
 HSBC ELSS Tax saver Fund | ₹4,229 Cr | 1.99% | 5.7% | 8.3% | 13.2% |
 WhiteOak Capital ELSS Tax Saver Fund | ₹507 Cr | 2.59% | 2.8% | 7.1% | — |
 ITI ELSS Tax Saver Fund | ₹463 Cr | 2.57% | 6.8% | 6.9% | 12.9% |
 JM ELSS - Tax Saver Fund | ₹248 Cr | 2.69% | 12.5% | 9.3% | 14.1% |
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 months1.54% absolute | ₹60,000 | ₹60,924 | 1.54% | |
| 1 year−7.42% annualised | ₹1,20,000 | ₹1,15,285 | −3.93% | |
| 3 years11.66% annualised | ₹3,60,000 | ₹4,32,696 | 20.19% | |
| 5 years12.63% annualised | ₹6,00,000 | ₹8,39,368 | 39.89% |
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 ₹1,325.74 as on 24 Sep 2026.
What is the expense ratio of HDFC ELSS - Tax Saver Fund?
The expense ratio of HDFC ELSS - Tax Saver Fund is 1.75% 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 -9.3% over 1 year, 2.1% over 3 years and 10.5% 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 85 schemes with ₹9,61,940 Cr under management.