Motilal Oswal ELSS Tax Saver Fund
ELSSVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹56.36-0.54%1 day
- Return since launch
- 16.1%
- 52-week range
- ₹45.82 — ₹58.52
- AUM
- ₹5,134 Cr
Motilal Oswal ELSS Tax Saver Fund is a ELSS equity fund from Motilal Oswal Mutual Fund with ₹5,134 Cr under management, launched in 2014. Over three years it has returned 12.6% a year, against 10.4% for its category. The expense ratio is 2.10% and the SEBI riskometer reading is Very High.
Performance
Motilal Oswal 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 +9.9% against -0.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 16.2% | +16.1 pts | 0.1% | -2.3% |
| 2Y | 10.3% | +9.6 pts | 0.7% | -0.3% |
| 3Y | 12.6% | +2.1 pts | 10.4% | 2.8% |
| 5Y | 18.1% | +8.3 pts | 9.7% | 8.4% |
| 7Y | 19.3% | +6.3 pts | 13.0% | 11.6% |
| 10Y | 17.0% | +4.5 pts | 12.5% | 11.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -2.7% | +0.8 pts | -3.5% | -3.9% |
| 3M | 2.4% | +3.0 pts | -0.6% | -1.0% |
| 6M | 19.6% | +10.4 pts | 9.2% | 8.2% |
| 1Y | 9.9% | +9.8 pts | 0.1% | -0.7% |
| 2Y | 1.3% | +4.6 pts | -3.3% | -4.0% |
| 3Y | 20.0% | +9.6 pts | 10.4% | 9.3% |
| 5Y | 15.6% | +5.9 pts | 9.7% | 8.7% |
| 7Y | 17.8% | +3.4 pts | 14.4% | 12.4% |
| 10Y | 15.6% | +3.1 pts | 12.5% | 10.9% |
Since launch (26 Dec 2014): 16.1%
Calendar-year returns
Category average8.8%
32.1%
1.8%
37.0%
47.2%
-9.1%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -9.1% | −13.5 pts | 4.5% |
| 2024 | 47.2% | +27.0 pts | 20.3% |
| 2023 | 37.0% | +5.3 pts | 31.8% |
| 2022 | 1.8% | −1.7 pts | 3.5% |
| 2021 | 32.1% | −7.8 pts | 39.9% |
| 2020 | 8.8% | −9.9 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
2.08%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.60%
- Brokerage
- 0.07%
- Transaction charges
- 0.00%
- Statutory levies
- 0.41%
- 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 | 8.77 | 3.64 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.16 | 1.06 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.78 | 0.65 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.04 | 0.86 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 21.62 | 17.02 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Motilal Oswal ELSS Tax Saver Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity93.2%
- Other6.8%
Market cap split
- Large13.0%
- Mid37.4%
- Small49.6%
- P/E
- 42.19
- P/B
- 6.87
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 6.79% | ₹348 Cr | +4.90% | +1.37% | +0.49% |
| Multi Commodity Exchange Of India Ltd. | Services | 5.63% | ₹289 Cr | +7.23% | +7.59% | +4.54% |
| Ather Energy Ltd. | Automobile | 5.02% | ₹258 Cr | +4.12% | +3.63% | — |
| PTC Industries Ltd. | Metals & Mining | 4.96% | ₹255 Cr | +4.00% | +4.61% | +3.33% |
| One97 Communications Ltd. | Services | 4.68% | ₹240 Cr | +3.34% | +3.56% | +3.59% |
| Apar Industries Ltd. | Consumer Staples | 4.48% | ₹230 Cr | +3.77% | +4.94% | +3.24% |
| Gujarat Fluorochemicals Ltd. | Chemicals | 4.28% | ₹220 Cr | +3.59% | +3.34% | +3.48% |
| Shaily Engineering Plastics Ltd. | Materials | 4.26% | ₹219 Cr | +2.90% | — | — |
| Zen Technologies Ltd. | Technology | 4.12% | ₹212 Cr | +4.35% | +2.96% | +2.47% |
| SJS Enterprises Ltd. | Automobile | 4.07% | ₹209 Cr | +1.89% | — | — |
| Shriram Finance Ltd | Financial | 3.68% | ₹189 Cr | +3.50% | +3.47% | — |
| Sterlite Technologies Ltd. | Communication | 3.46% | ₹178 Cr | +2.31% | — | — |
| Muthoot Finance Ltd. | Financial | 3.41% | ₹175 Cr | +4.22% | +4.39% | +2.96% |
| Onesource Specialty Pharma Ltd. | Healthcare | 3.23% | ₹166 Cr | +4.78% | +2.99% | +3.36% |
| Piramal Finance Ltd. | Financial | 3.09% | ₹159 Cr | +3.01% | +6.32% | — |
| Waaree Energies Ltd. | Energy | 3.04% | ₹156 Cr | +4.04% | +3.79% | +4.16% |
| Jain Resource Recycling Ltd. | Metals & Mining | 3.00% | ₹154 Cr | +4.01% | +4.49% | — |
| Premier Energies Ltd. | Energy | 2.93% | ₹150 Cr | +3.54% | +2.46% | +3.08% |
| Billionbrains Garage Ventures Ltd. | Financial | 2.73% | ₹140 Cr | +3.47% | +4.29% | — |
| Ola Electric Mobility Ltd. | Automobile | 2.73% | ₹140 Cr | +3.03% | +1.81% | +1.01% |
| company:16437 | Capital Goods | 2.73% | ₹140 Cr | — | — | — |
| K.P.R. Mill Ltd. | Textiles | 2.57% | ₹132 Cr | +2.07% | +2.06% | +2.19% |
| Suzlon Energy Ltd. | Capital Goods | 2.35% | ₹121 Cr | +3.97% | +2.52% | +3.30% |
| Interglobe Aviation Ltd. | Services | 2.31% | ₹118 Cr | — | — | — |
| Nippon Life India Asset Management Ltd. | Financial | 2.28% | ₹117 Cr | +2.08% | — | — |
| KSB Ltd. | Capital Goods | 2.23% | ₹115 Cr | +2.41% | +2.27% | +2.40% |
| Bharat Dynamics Ltd. | Capital Goods | 2.11% | ₹108 Cr | +2.57% | +3.01% | +3.48% |
| Data Patterns (India) Ltd. | Capital Goods | 1.93% | ₹99.10 Cr | — | — | — |
| company:5526 | Construction | 1.24% | ₹63.77 Cr | — | — | — |
| Religare Enterprises Ltd. | Financial | 0.66% | ₹33.82 Cr | +2.29% | +2.28% | +2.52% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:16437 | 0.00% | 2.73% | +2.73% |
| Garware Hi-Tech Films Ltd. | 2.65% | 0.00% | -2.65% |
| Amber Enterprises India Ltd. | 2.02% | 0.00% | -2.02% |
| Religare Enterprises Ltd. | 2.38% | 0.66% | -1.72% |
| Others | 0.86% | 2.45% | +1.59% |
| company:5526 | 0.00% | 1.24% | +1.24% |
| International Gemological Institute Ltd. | 1.11% | 0.00% | -1.11% |
| Ather Energy Ltd. | 3.95% | 5.02% | +1.07% |
| Jain Resource Recycling Ltd. | 4.04% | 3.00% | -1.04% |
| Billionbrains Garage Ventures Ltd. | 3.53% | 2.73% | -0.80% |
| PTC Industries Ltd. | 4.27% | 4.96% | +0.69% |
| Suzlon Energy Ltd. | 3.01% | 2.35% | -0.66% |
| Sterlite Technologies Ltd. | 2.84% | 3.46% | +0.62% |
| Apar Industries Ltd. | 3.91% | 4.48% | +0.57% |
| Multi Commodity Exchange Of India Ltd. | 5.06% | 5.63% | +0.57% |
| One97 Communications Ltd. | 4.15% | 4.68% | +0.53% |
| Onesource Specialty Pharma Ltd. | 3.69% | 3.23% | -0.46% |
| Data Patterns (India) Ltd. | 1.50% | 1.93% | +0.43% |
| Muthoot Finance Ltd. | 3.84% | 3.41% | -0.43% |
| Premier Energies Ltd. | 3.32% | 2.93% | -0.39% |
| Nippon Life India Asset Management Ltd. | 2.64% | 2.28% | -0.36% |
| Waaree Energies Ltd. | 3.36% | 3.04% | -0.32% |
| KSB Ltd. | 2.54% | 2.23% | -0.31% |
| Gujarat Fluorochemicals Ltd. | 4.50% | 4.28% | -0.22% |
| Bharat Dynamics Ltd. | 2.31% | 2.11% | -0.20% |
| SJS Enterprises Ltd. | 4.23% | 4.07% | -0.16% |
| Interglobe Aviation Ltd. | 2.45% | 2.31% | -0.14% |
| K.P.R. Mill Ltd. | 2.46% | 2.57% | +0.11% |
| Shriram Finance Ltd | 3.78% | 3.68% | -0.10% |
| Piramal Finance Ltd. | 3.00% | 3.09% | +0.09% |
| Zen Technologies Ltd. | 4.04% | 4.12% | +0.08% |
| Shaily Engineering Plastics Ltd. | 4.22% | 4.26% | +0.04% |
| Ola Electric Mobility Ltd. | 2.75% | 2.73% | -0.02% |
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 | ₹1,362 Cr | 2.46% | 8.2% | 8.2% | 13.6% |
 HSBC ELSS Tax saver Fund | ₹4,229 Cr | 1.99% | 7.0% | 8.7% | 13.3% |
 WhiteOak Capital ELSS Tax Saver Fund | ₹507 Cr | 2.59% | 4.0% | 7.4% | — |
 ITI ELSS Tax Saver Fund | ₹463 Cr | 2.57% | 8.6% | 7.4% | 13.2% |
 JM ELSS - Tax Saver Fund | ₹248 Cr | 2.69% | 13.4% | 9.5% | 14.2% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.
Fund managers
- Ajay KhandelwalMr. Khandelwal is MBA & Bachelor of Engineering.Prior to joining Motilal Oswal Mutual Fund, he has worked with Canara Robeco Mutual Fund, BOI AXA Mutual Fund, B&K Securities and Infosys.
- Ankit AgarwalMr. Agarwal has done B. Tech. Computer Science and Engg., Economics Management, PGDM Finance.Prior to joining Motilal Oswal Mutual Fund he has worked with UTI Mutual Fund, Centrum Capital Ltd as Senior Vice President - Fund Manager, Wealth and Investment Management at Barclays as Asst Vice President, Lehman Brothers, London as Senior analyst, BNP Paribas and D. E. Shaw & Co..
- Rakesh ShettyMr. Shetty has done B.ComPrior to joining Motilal Oswal Mutual Fund, he has worked with Company engaged in Capital Market Business wherein he was in charge of equity and debt ETFs, customized indices and has also been part of product development.
- Varun SharmaMr. Sharma is a Bachelor in Business Studies from Sukhdev College of Business Studies, University of Delhi and holds a Post Graduate Diploma in Management from IIM - Calcutta.Prior to joining Motilal Oswal Asset management, he has worked with Franklin Templeton Asset Management (India) Pvt. Ltd. ICICI Securities (Feb 2010 - August 2014) as an Equity research Analyst and Credit Analysis and Research Limited (Apr 2009 - Feb 2010) as a Ratings Analyst.
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 months19.62% absolute | ₹60,000 | ₹71,772 | 19.62% | |
| 1 year9.93% annualised | ₹1,20,000 | ₹1,26,654 | 5.55% | |
| 3 years20.04% annualised | ₹3,60,000 | ₹4,96,339 | 37.87% | |
| 5 years15.60% annualised | ₹6,00,000 | ₹9,12,117 | 52.02% |
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 Motilal Oswal ELSS Tax Saver Fund?
The NAV of Motilal Oswal ELSS Tax Saver Fund is ₹56.36 as on 25 Sep 2026.
What is the expense ratio of Motilal Oswal ELSS Tax Saver Fund?
The expense ratio of Motilal Oswal ELSS Tax Saver Fund is 2.10% per year.
What is the minimum SIP amount for Motilal Oswal ELSS Tax Saver Fund?
You can start a SIP in Motilal Oswal ELSS Tax Saver Fund with ₹3,000 a month.
What returns has Motilal Oswal ELSS Tax Saver Fund given?
Motilal Oswal ELSS Tax Saver Fund has returned 16.2% over 1 year, 12.6% over 3 years and 18.1% over 5 years (annualised).
Is there a lock-in or exit load on Motilal Oswal ELSS Tax Saver Fund?
Lock-in: 3 years. Exit load: 0%.
How risky is Motilal Oswal ELSS Tax Saver Fund?
Motilal Oswal ELSS Tax Saver Fund is rated Very High on the SEBI riskometer and belongs to the ELSS category.
Which fund house manages Motilal Oswal ELSS Tax Saver Fund?
Motilal Oswal ELSS Tax Saver Fund is managed by Motilal Oswal Mutual Fund, which runs 55 schemes with ₹1,53,489 Cr under management.