Kotak ELSS Tax Saver Fund
ELSSVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹120.91+0.58%1 day
- Return since launch
- 12.6%
- 52-week range
- ₹102.27 — ₹120.21
- AUM
- ₹6,071 Cr
Kotak ELSS Tax Saver Fund is a ELSS equity fund from Kotak Mahindra Mutual Fund with ₹6,071 Cr under management, launched in 2005. Over three years it has returned 6.2% a year, against 11.4% for its category. The expense ratio is 1.96% and the SEBI riskometer reading is Very High.
Performance
Kotak 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 +3.6% 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 | 10.8% | +10.2 pts | 0.6% | 6.0% |
| 2Y | 6.4% | +2.2 pts | 4.3% | 3.9% |
| 3Y | 6.2% | −5.3 pts | 11.4% | 4.6% |
| 5Y | 10.5% | +0.7 pts | 9.8% | 9.3% |
| 7Y | 13.5% | +0.2 pts | 13.3% | 12.1% |
| 10Y | 13.6% | +0.7 pts | 12.9% | 11.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 8.6% | +1.9 pts | 6.7% | 7.5% |
| 3M | 1.8% | +2.3 pts | -0.5% | -0.5% |
| 6M | 8.2% | +3.6 pts | 4.6% | 4.7% |
| 1Y | 3.9% | +3.3 pts | 0.6% | 0.3% |
| 2Y | 2.3% | +0.5 pts | 1.9% | 1.4% |
| 3Y | 11.8% | +0.4 pts | 11.4% | 10.7% |
| 5Y | 10.3% | +0.6 pts | 9.8% | 8.8% |
| 7Y | 14.9% | +0.4 pts | 14.6% | 12.7% |
| 10Y | 13.3% | +0.4 pts | 12.9% | 11.5% |
Since launch (29 Sep 2005): 12.6%
Calendar-year returns
Category average14.9%
33.2%
6.9%
23.6%
21.6%
1.8%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 1.8% | −2.7 pts | 4.5% |
| 2024 | 21.6% | +1.3 pts | 20.3% |
| 2023 | 23.6% | −8.2 pts | 31.8% |
| 2022 | 6.9% | +3.5 pts | 3.5% |
| 2021 | 33.2% | −6.6 pts | 39.9% |
| 2020 | 14.9% | −3.7 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
1.95%
Expense ratio as on 3 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.57%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.35%
- 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 | -0.16 | 4.34 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.96 | 1.03 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.31 | 0.55 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.39 | 0.76 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.46 | 17.53 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Kotak ELSS Tax Saver Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity98.5%
- Other1.5%
Market cap split
- Large61.9%
- Mid21.8%
- Small16.3%
- P/E
- 25.85
- P/B
- 3.21
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 7.00% | ₹425 Cr | +7.73% | +7.86% | +9.09% |
| ICICI Bank Ltd. | Financial | 5.01% | ₹304 Cr | +5.10% | +4.96% | +5.58% |
| State Bank of India | Financial | 4.98% | ₹302 Cr | +5.22% | +5.52% | +3.75% |
| Bharti Airtel Ltd. | Communication | 3.47% | ₹211 Cr | +3.63% | +3.88% | +3.71% |
| Eternal Ltd. | Services | 3.16% | ₹192 Cr | +2.56% | +2.46% | +2.39% |
| Tech Mahindra Ltd. | Technology | 3.01% | ₹183 Cr | +2.72% | +3.34% | +3.01% |
| NTPC Ltd. | Energy | 2.76% | ₹168 Cr | +2.99% | +3.10% | +2.71% |
| Divi's Laboratories Ltd. | Healthcare | 2.68% | ₹163 Cr | +1.58% | +1.58% | +1.34% |
| Dixon Technologies (India) Ltd. | Capital Goods | 2.59% | ₹157 Cr | +1.73% | — | — |
| Hero Motocorp Ltd. | Automobile | 2.59% | ₹157 Cr | +2.32% | +2.72% | +2.40% |
| Bajaj Finance Ltd. | Financial | 2.49% | ₹151 Cr | +2.55% | +2.26% | +2.51% |
| Larsen & Toubro Ltd. | Construction | 2.48% | ₹150 Cr | +2.67% | +2.42% | +2.33% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.39% | ₹145 Cr | +2.40% | +2.36% | +1.90% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 2.26% | ₹137 Cr | +1.21% | +0.62% | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 2.16% | ₹131 Cr | +2.39% | +2.25% | +2.65% |
| Linde India Ltd. | Chemicals | 2.08% | ₹126 Cr | +2.36% | +2.45% | +1.99% |
| Axis Bank Ltd. | Financial | 2.02% | ₹123 Cr | +2.17% | +2.08% | +3.06% |
| Kalpataru Projects International Ltd. | Capital Goods | 1.99% | ₹121 Cr | +1.93% | +1.66% | +1.75% |
| Solar Industries India Ltd. | Chemicals | 1.95% | ₹118 Cr | +1.81% | +1.30% | +1.27% |
| Bosch Ltd. | Automobile | 1.94% | ₹118 Cr | +2.25% | +1.96% | +2.43% |
| DEE Development Engineers Ltd. | Services | 1.90% | ₹115 Cr | +1.77% | +0.82% | +0.79% |
| Jindal Steel Ltd. | Metals & Mining | 1.87% | ₹113 Cr | +1.71% | +1.99% | +1.69% |
| Interglobe Aviation Ltd. | Services | 1.85% | ₹112 Cr | +1.95% | +1.59% | +2.00% |
| Ultratech Cement Ltd. | Materials | 1.71% | ₹104 Cr | +1.73% | +1.83% | +1.65% |
| Mahindra & Mahindra Ltd. | Automobile | 1.70% | ₹103 Cr | +1.73% | +1.85% | +1.91% |
| TVS Motor Company Ltd. | Automobile | 1.69% | ₹103 Cr | +0.98% | +1.05% | — |
| Engineers India Ltd. | Construction | 1.63% | ₹99.07 Cr | +1.24% | +1.04% | +0.86% |
| Piramal Finance Ltd. | Financial | 1.60% | ₹97.09 Cr | +1.66% | +1.40% | — |
| Reliance Industries Ltd. | Energy | 1.60% | ₹97.33 Cr | +1.71% | +1.97% | +1.96% |
| Pine Labs Ltd. | Financial | 1.56% | ₹94.48 Cr | — | — | — |
| Kotak Mahindra Bank Ltd. | Financial | 1.55% | ₹93.83 Cr | +1.42% | +1.42% | +1.43% |
| Others | Others | 1.52% | ₹91.39 Cr | +0.16% | -0.50% | -0.18% |
| Viyash Scientific Limited | Healthcare | 1.37% | ₹82.95 Cr | — | — | — |
| Indusind Bank Ltd. | Financial | 1.34% | ₹81.13 Cr | +1.34% | +1.21% | — |
| Axiscades Technologies Ltd. | Technology | 1.25% | ₹75.84 Cr | — | — | — |
| Britannia Industries Ltd. | Consumer Staples | 1.19% | ₹72.45 Cr | +2.37% | +2.77% | +2.62% |
| Park Medi World Ltd. | Healthcare | 1.19% | ₹72.17 Cr | +1.26% | +0.78% | — |
| Crisil Ltd. | Services | 1.17% | ₹71.21 Cr | +1.05% | +1.08% | +1.13% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.15% | ₹69.89 Cr | +1.14% | — | — |
| Poonawalla Fincorp Ltd. | Financial | 1.10% | ₹66.58 Cr | +0.78% | +0.46% | — |
| Balrampur Chini Mills Ltd. | Consumer Staples | 1.09% | ₹66.29 Cr | — | — | — |
| Rubicon Research Ltd. | Healthcare | 1.07% | ₹64.78 Cr | — | — | — |
| Bank Of Baroda | Financial | 1.06% | ₹64.55 Cr | +1.67% | +1.68% | +1.44% |
| Swiggy Ltd. | Services | 1.03% | ₹62.53 Cr | +0.21% | +0.25% | +0.37% |
| United Spirits Ltd. | Consumer Staples | 1.00% | ₹60.93 Cr | +0.98% | +0.98% | +0.90% |
| Page Industries Ltd. | Textiles | 0.96% | ₹58.22 Cr | — | — | — |
| ABB India Ltd. | Capital Goods | 0.95% | ₹57.60 Cr | +0.96% | +0.90% | +0.70% |
| Indus Towers Ltd. | Communication | 0.86% | ₹52.25 Cr | +0.88% | +1.05% | — |
| SRF Ltd. | Chemicals | 0.81% | ₹49.45 Cr | +0.88% | +0.87% | +0.90% |
| Rentomojo Ltd. | Services | 0.59% | ₹35.71 Cr | — | — | — |
| Midwest Ltd. | Materials | 0.55% | ₹33.56 Cr | +0.76% | +0.76% | — |
| Garware Technical Fibres Ltd. | Textiles | 0.45% | ₹27.19 Cr | +0.44% | +0.38% | +0.42% |
| National Stock Exchange | Financial | 0.36% | ₹22.07 Cr | — | — | — |
| Aditya Infotech Ltd. | Communication | 0.27% | ₹16.27 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Pine Labs Ltd. | 0.00% | 1.56% | +1.56% |
| Mphasis Ltd. | 1.52% | 0.00% | -1.52% |
| Axiscades Technologies Ltd. | 0.00% | 1.25% | +1.25% |
| Britannia Industries Ltd. | 2.34% | 1.19% | -1.15% |
| Bharat Petroleum Corporation Ltd. | 1.12% | 0.00% | -1.12% |
| Power Grid Corporation Of India Ltd. | 1.07% | 0.00% | -1.07% |
| Bosch Ltd. | 2.74% | 1.94% | -0.80% |
| Lenskart Solutions Ltd. | 1.56% | 2.26% | +0.70% |
| Rentomojo Ltd. | 0.00% | 0.59% | +0.59% |
| Balrampur Chini Mills Ltd. | 0.54% | 1.09% | +0.55% |
| Dixon Technologies (India) Ltd. | 2.09% | 2.59% | +0.50% |
| Aptus Value Housing Finance India Ltd. | 0.49% | 0.00% | -0.49% |
| Others | -0.17% | 0.23% | +0.40% |
| National Stock Exchange | 0.00% | 0.36% | +0.36% |
| Bank Of Baroda | 1.42% | 1.06% | -0.36% |
| HDFC Bank Ltd. | 6.66% | 7.00% | +0.34% |
| DEE Development Engineers Ltd. | 1.57% | 1.90% | +0.33% |
| Engineers India Ltd. | 1.31% | 1.63% | +0.32% |
| Poonawalla Fincorp Ltd. | 0.80% | 1.10% | +0.30% |
| Aditya Infotech Ltd. | 0.00% | 0.27% | +0.27% |
| State Bank of India | 5.23% | 4.98% | -0.25% |
| ICICI Bank Ltd. | 5.24% | 5.01% | -0.23% |
| Bajaj Finance Ltd. | 2.61% | 2.49% | -0.12% |
| Piramal Finance Ltd. | 1.71% | 1.60% | -0.11% |
| Mahindra & Mahindra Ltd. | 1.80% | 1.70% | -0.10% |
| Sun Pharmaceutical Industries Ltd. | 2.49% | 2.39% | -0.10% |
| Billionbrains Garage Ventures Ltd. | 1.05% | 1.15% | +0.10% |
| Midwest Ltd. | 0.64% | 0.55% | -0.09% |
| Indusind Bank Ltd. | 1.43% | 1.34% | -0.09% |
| NTPC Ltd. | 2.67% | 2.76% | +0.09% |
| Divi's Laboratories Ltd. | 2.60% | 2.68% | +0.08% |
| Eternal Ltd. | 3.08% | 3.16% | +0.08% |
| Linde India Ltd. | 2.00% | 2.08% | +0.08% |
| Viyash Scientific Limited | 1.45% | 1.37% | -0.08% |
| ABB India Ltd. | 1.02% | 0.95% | -0.07% |
| Kalpataru Projects International Ltd. | 1.92% | 1.99% | +0.07% |
| Kotak Mahindra Bank Ltd. | 1.48% | 1.55% | +0.07% |
| Swiggy Ltd. | 1.10% | 1.03% | -0.07% |
| Rubicon Research Ltd. | 1.14% | 1.07% | -0.07% |
| Bharti Airtel Ltd. | 3.41% | 3.47% | +0.06% |
| Solar Industries India Ltd. | 1.89% | 1.95% | +0.06% |
| Page Industries Ltd. | 0.90% | 0.96% | +0.06% |
| Tech Mahindra Ltd. | 3.06% | 3.01% | -0.05% |
| United Spirits Ltd. | 1.05% | 1.00% | -0.05% |
| Larsen & Toubro Ltd. | 2.53% | 2.48% | -0.05% |
| Crisil Ltd. | 1.21% | 1.17% | -0.04% |
| Reliance Industries Ltd. | 1.64% | 1.60% | -0.04% |
| Hero Motocorp Ltd. | 2.56% | 2.59% | +0.03% |
| Axis Bank Ltd. | 2.04% | 2.02% | -0.02% |
| Hindustan Petroleum Corporation Ltd. | 2.15% | 2.16% | +0.01% |
| Indus Towers Ltd. | 0.85% | 0.86% | +0.01% |
| Interglobe Aviation Ltd. | 1.84% | 1.85% | +0.01% |
| Park Medi World Ltd. | 1.18% | 1.19% | +0.01% |
| SRF Ltd. | 0.80% | 0.81% | +0.01% |
| TVS Motor Company Ltd. | 1.70% | 1.69% | -0.01% |
| Ultratech Cement Ltd. | 1.70% | 1.71% | +0.01% |
| Garware Technical Fibres Ltd. | 0.45% | 0.45% | 0.00% |
| Jindal Steel Ltd. | 1.87% | 1.87% | 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 aims to generate long-term capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as per the prevailing tax laws.
Fund managers
- Harsha UpadhyayaMr. Upadhyaya is a B.E (Mechanical) from NIT Suratkal, PGDM from IIM Lucknow and CFA from the CFA Institute, USA.Prior to joining Kotak Mutual fund he has worked with DSP Mutual Fund and UTI AMC.
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 months8.23% absolute | ₹60,000 | ₹64,938 | 8.23% | |
| 1 year3.86% annualised | ₹1,20,000 | ₹1,22,539 | 2.12% | |
| 3 years11.81% annualised | ₹3,60,000 | ₹4,33,744 | 20.48% | |
| 5 years10.35% annualised | ₹6,00,000 | ₹7,88,317 | 31.39% |
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 Kotak ELSS Tax Saver Fund?
The NAV of Kotak ELSS Tax Saver Fund is ₹120.91 as on 9 Nov 2026.
What is the expense ratio of Kotak ELSS Tax Saver Fund?
The expense ratio of Kotak ELSS Tax Saver Fund is 1.96% per year.
What is the minimum SIP amount for Kotak ELSS Tax Saver Fund?
You can start a SIP in Kotak ELSS Tax Saver Fund with ₹3,000 a month.
What returns has Kotak ELSS Tax Saver Fund given?
Kotak ELSS Tax Saver Fund has returned 10.8% over 1 year, 6.2% over 3 years and 10.5% over 5 years (annualised).
Is there a lock-in or exit load on Kotak ELSS Tax Saver Fund?
Lock-in: 3 years. Exit load: 0%.
How risky is Kotak ELSS Tax Saver Fund?
Kotak ELSS Tax Saver Fund is rated Very High on the SEBI riskometer and belongs to the ELSS category.
Which fund house manages Kotak ELSS Tax Saver Fund?
Kotak ELSS Tax Saver Fund is managed by Kotak Mahindra Mutual Fund, which runs 97 schemes with ₹6,34,000 Cr under management.