Kotak ELSS Tax Saver Fund
ELSSVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹114.74-1.71%1 day
- Return since launch
- 12.5%
- 52-week range
- ₹102.27 — ₹119.17
- AUM
- ₹6,384 Cr
Kotak ELSS Tax Saver Fund is a ELSS equity fund from Kotak Mahindra Mutual Fund with ₹6,384 Cr under management, launched in 2005. Over three years it has returned 3.5% a year, against 10.3% for its category. The expense ratio is 1.91% 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 -0.4% 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 | -0.3% | +1.2 pts | -1.5% | -3.3% |
| 2Y | 0.9% | +0.6 pts | 0.3% | -0.8% |
| 3Y | 3.5% | −6.8 pts | 10.3% | 2.5% |
| 5Y | 9.2% | −0.5 pts | 9.7% | 8.3% |
| 7Y | 12.9% | −0.2 pts | 13.0% | 11.6% |
| 10Y | 13.0% | +0.5 pts | 12.5% | 11.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.7% | +0.1 pts | -3.8% | -4.3% |
| 3M | -0.2% | +1.1 pts | -1.3% | -1.7% |
| 6M | 7.0% | +0.2 pts | 6.8% | 5.7% |
| 1Y | -0.4% | +1.1 pts | -1.5% | -2.3% |
| 2Y | -3.5% | −0.3 pts | -3.2% | -3.9% |
| 3Y | 9.6% | −0.7 pts | 10.3% | 9.2% |
| 5Y | 10.1% | +0.4 pts | 9.7% | 8.6% |
| 7Y | 14.6% | +0.1 pts | 14.6% | 12.5% |
| 10Y | 12.8% | +0.3 pts | 12.5% | 10.8% |
Since launch (29 Sep 2005): 12.5%
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
1.93%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.56%
- Brokerage
- 0.02%
- 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 | -0.31 | 4.67 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.96 | 1.08 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.42 | 0.67 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.49 | 0.90 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.23 | 17.94 | 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 31 Aug 2026
Asset allocation
- Equity98.7%
- Other1.3%
Market cap split
- Large65.2%
- Mid22.7%
- Small12.1%
- P/E
- 24.93
- P/B
- 3.22
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 6.66% | ₹425 Cr | +7.42% | +8.38% | +9.21% |
| ICICI Bank Ltd. | Financial | 5.24% | ₹334 Cr | +4.80% | +4.99% | +5.86% |
| State Bank of India | Financial | 5.23% | ₹334 Cr | +5.05% | +5.96% | +3.49% |
| Bharti Airtel Ltd. | Communication | 3.41% | ₹217 Cr | +3.69% | +3.60% | +3.78% |
| Eternal Ltd. | Services | 3.08% | ₹197 Cr | +2.50% | +2.33% | +2.33% |
| Tech Mahindra Ltd. | Technology | 3.06% | ₹195 Cr | +2.96% | +2.88% | +3.23% |
| Bosch Ltd. | Automobile | 2.74% | ₹175 Cr | +2.13% | +2.29% | +2.58% |
| NTPC Ltd. | Energy | 2.67% | ₹170 Cr | +3.34% | +2.81% | +2.64% |
| Bajaj Finance Ltd. | Financial | 2.61% | ₹166 Cr | +2.38% | +2.47% | +2.12% |
| Divi's Laboratories Ltd. | Healthcare | 2.60% | ₹166 Cr | +1.64% | +1.50% | +1.47% |
| Hero Motocorp Ltd. | Automobile | 2.56% | ₹164 Cr | +2.44% | +2.70% | +2.26% |
| Larsen & Toubro Ltd. | Construction | 2.53% | ₹162 Cr | +2.71% | +2.60% | +2.32% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.49% | ₹159 Cr | +2.24% | +2.05% | +1.93% |
| Britannia Industries Ltd. | Consumer Staples | 2.34% | ₹150 Cr | +2.46% | +2.69% | +2.35% |
| Hindustan Petroleum Corporation Ltd. | Energy | 2.15% | ₹137 Cr | +2.45% | +2.59% | +2.27% |
| Dixon Technologies (India) Ltd. | Capital Goods | 2.09% | ₹134 Cr | +1.72% | — | — |
| Axis Bank Ltd. | Financial | 2.04% | ₹130 Cr | +2.14% | +2.18% | +2.95% |
| Linde India Ltd. | Chemicals | 2.00% | ₹128 Cr | +2.39% | +2.12% | +2.06% |
| Kalpataru Projects International Ltd. | Capital Goods | 1.92% | ₹123 Cr | +1.90% | +1.71% | +1.76% |
| Solar Industries India Ltd. | Chemicals | 1.89% | ₹121 Cr | +1.82% | +1.27% | +1.33% |
| Jindal Steel Ltd. | Metals & Mining | 1.87% | ₹119 Cr | +2.01% | +1.96% | +1.53% |
| Interglobe Aviation Ltd. | Services | 1.84% | ₹118 Cr | +1.65% | +1.71% | +2.05% |
| Mahindra & Mahindra Ltd. | Automobile | 1.80% | ₹115 Cr | +1.77% | +1.87% | +1.55% |
| Piramal Finance Ltd. | Financial | 1.71% | ₹109 Cr | +1.52% | +1.16% | — |
| TVS Motor Company Ltd. | Automobile | 1.70% | ₹109 Cr | +0.98% | +1.07% | — |
| Ultratech Cement Ltd. | Materials | 1.70% | ₹109 Cr | +1.81% | +1.90% | +1.73% |
| Reliance Industries Ltd. | Energy | 1.64% | ₹105 Cr | +1.80% | +1.80% | +1.97% |
| DEE Development Engineers Ltd. | Services | 1.57% | ₹100 Cr | +1.68% | +0.79% | +0.81% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 1.56% | ₹99.36 Cr | +1.27% | +0.58% | — |
| Mphasis Ltd. | Technology | 1.52% | ₹97.10 Cr | +1.70% | +1.63% | +2.02% |
| Kotak Mahindra Bank Ltd. | Financial | 1.48% | ₹94.37 Cr | +1.44% | +1.47% | +1.42% |
| company:6832 | Healthcare | 1.45% | ₹92.73 Cr | — | — | — |
| Indusind Bank Ltd. | Financial | 1.43% | ₹91.49 Cr | +1.37% | +1.35% | — |
| Bank Of Baroda | Financial | 1.42% | ₹90.67 Cr | +1.69% | +1.93% | +1.31% |
| Engineers India Ltd. | Construction | 1.31% | ₹83.80 Cr | +1.23% | +1.12% | +0.90% |
| Others | Others | 1.28% | ₹80.03 Cr | +2.62% | +0.06% | +0.16% |
| Crisil Ltd. | Services | 1.21% | ₹77.15 Cr | +1.05% | +1.10% | +1.29% |
| Park Medi World Ltd. | Healthcare | 1.18% | ₹75.22 Cr | +1.25% | +0.69% | — |
| company:20242 | Healthcare | 1.14% | ₹72.78 Cr | — | — | — |
| Bharat Petroleum Corporation Ltd. | Energy | 1.12% | ₹71.29 Cr | +1.98% | +2.43% | +1.99% |
| Swiggy Ltd. | Services | 1.10% | ₹70.48 Cr | +0.23% | +0.26% | +0.36% |
| Power Grid Corporation Of India Ltd. | Energy | 1.07% | ₹68.52 Cr | +1.50% | +1.46% | +1.38% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.05% | ₹67.22 Cr | +1.07% | — | — |
| United Spirits Ltd. | Consumer Staples | 1.05% | ₹67.05 Cr | +0.95% | +0.98% | +0.90% |
| ABB India Ltd. | Capital Goods | 1.02% | ₹64.93 Cr | +1.02% | +0.81% | +0.69% |
| Page Industries Ltd. | Textiles | 0.90% | ₹57.28 Cr | — | — | — |
| Indus Towers Ltd. | Communication | 0.85% | ₹54.43 Cr | +1.03% | +1.00% | — |
| Poonawalla Fincorp Ltd. | Financial | 0.80% | ₹51.02 Cr | +0.70% | — | — |
| SRF Ltd. | Chemicals | 0.80% | ₹51.21 Cr | +0.90% | +0.81% | +0.91% |
| Midwest Ltd. | Materials | 0.64% | ₹41.13 Cr | +0.74% | +0.75% | — |
| company:434 | Consumer Staples | 0.54% | ₹34.68 Cr | — | — | — |
| Aptus Value Housing Finance India Ltd. | Financial | 0.49% | ₹31.11 Cr | +0.92% | +0.82% | — |
| Garware Technical Fibres Ltd. | Textiles | 0.45% | ₹28.71 Cr | +0.39% | +0.36% | +0.44% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Data Patterns (India) Ltd. | 1.69% | 0.00% | -1.69% |
| company:6832 | 0.00% | 1.45% | +1.45% |
| company:20242 | 0.00% | 1.14% | +1.14% |
| Voltas Ltd. | 1.05% | 0.00% | -1.05% |
| Bharat Petroleum Corporation Ltd. | 2.02% | 1.12% | -0.90% |
| Lupin Ltd. | 0.57% | 0.00% | -0.57% |
| company:434 | 0.00% | 0.54% | +0.54% |
| TVS Motor Company Ltd. | 1.19% | 1.70% | +0.51% |
| Bosch Ltd. | 2.27% | 2.74% | +0.47% |
| HDFC Bank Ltd. | 7.08% | 6.66% | -0.42% |
| Aptus Value Housing Finance India Ltd. | 0.88% | 0.49% | -0.39% |
| Divi's Laboratories Ltd. | 2.22% | 2.60% | +0.38% |
| Others | 0.20% | -0.17% | -0.37% |
| Bharti Airtel Ltd. | 3.78% | 3.41% | -0.37% |
| Power Grid Corporation Of India Ltd. | 1.39% | 1.07% | -0.32% |
| DEE Development Engineers Ltd. | 1.82% | 1.57% | -0.25% |
| Lenskart Solutions Ltd. | 1.33% | 1.56% | +0.23% |
| Bajaj Finance Ltd. | 2.83% | 2.61% | -0.22% |
| Eternal Ltd. | 2.86% | 3.08% | +0.22% |
| Engineers India Ltd. | 1.12% | 1.31% | +0.19% |
| NTPC Ltd. | 2.85% | 2.67% | -0.18% |
| Piramal Finance Ltd. | 1.54% | 1.71% | +0.17% |
| Hindustan Petroleum Corporation Ltd. | 2.30% | 2.15% | -0.15% |
| Solar Industries India Ltd. | 1.74% | 1.89% | +0.15% |
| Swiggy Ltd. | 0.96% | 1.10% | +0.14% |
| Kalpataru Projects International Ltd. | 1.78% | 1.92% | +0.14% |
| State Bank of India | 5.10% | 5.23% | +0.13% |
| Jindal Steel Ltd. | 1.74% | 1.87% | +0.13% |
| Linde India Ltd. | 2.13% | 2.00% | -0.13% |
| Page Industries Ltd. | 1.02% | 0.90% | -0.12% |
| Crisil Ltd. | 1.10% | 1.21% | +0.11% |
| Axis Bank Ltd. | 1.94% | 2.04% | +0.10% |
| Kotak Mahindra Bank Ltd. | 1.38% | 1.48% | +0.10% |
| Dixon Technologies (India) Ltd. | 1.99% | 2.09% | +0.10% |
| Britannia Industries Ltd. | 2.43% | 2.34% | -0.09% |
| Ultratech Cement Ltd. | 1.78% | 1.70% | -0.08% |
| Mahindra & Mahindra Ltd. | 1.88% | 1.80% | -0.08% |
| Midwest Ltd. | 0.71% | 0.64% | -0.07% |
| Tech Mahindra Ltd. | 3.12% | 3.06% | -0.06% |
| Reliance Industries Ltd. | 1.69% | 1.64% | -0.05% |
| Larsen & Toubro Ltd. | 2.48% | 2.53% | +0.05% |
| ABB India Ltd. | 0.98% | 1.02% | +0.04% |
| Garware Technical Fibres Ltd. | 0.41% | 0.45% | +0.04% |
| Mphasis Ltd. | 1.48% | 1.52% | +0.04% |
| ICICI Bank Ltd. | 5.21% | 5.24% | +0.03% |
| Bank Of Baroda | 1.45% | 1.42% | -0.03% |
| Park Medi World Ltd. | 1.21% | 1.18% | -0.03% |
| United Spirits Ltd. | 1.08% | 1.05% | -0.03% |
| SRF Ltd. | 0.83% | 0.80% | -0.03% |
| Billionbrains Garage Ventures Ltd. | 1.07% | 1.05% | -0.02% |
| Sun Pharmaceutical Industries Ltd. | 2.51% | 2.49% | -0.02% |
| Hero Motocorp Ltd. | 2.55% | 2.56% | +0.01% |
| Indus Towers Ltd. | 0.86% | 0.85% | -0.01% |
| Indusind Bank Ltd. | 1.44% | 1.43% | -0.01% |
| Interglobe Aviation Ltd. | 1.83% | 1.84% | +0.01% |
| Poonawalla Fincorp Ltd. | 0.80% | 0.80% | 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 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 months6.99% absolute | ₹60,000 | ₹64,194 | 6.99% | |
| 1 year−0.38% annualised | ₹1,20,000 | ₹1,19,753 | −0.21% | |
| 3 years9.62% annualised | ₹3,60,000 | ₹4,18,744 | 16.32% | |
| 5 years10.11% annualised | ₹6,00,000 | ₹7,83,169 | 30.53% |
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 ₹114.74 as on 24 Sep 2026.
What is the expense ratio of Kotak ELSS Tax Saver Fund?
The expense ratio of Kotak ELSS Tax Saver Fund is 1.91% 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 -0.3% over 1 year, 3.5% over 3 years and 9.2% 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 94 schemes with ₹6,09,561 Cr under management.