Motilal Oswal ELSS Tax Saver Fund
ELSSVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹54.93+0.27%1 day
- Return since launch
- 15.4%
- 52-week range
- ₹45.82 — ₹58.52
- AUM
- ₹4,890 Cr
Motilal Oswal ELSS Tax Saver Fund is a ELSS equity fund from Motilal Oswal Mutual Fund with ₹4,890 Cr under management, launched in 2014. Over three years it has returned 8.8% a year, against 11.4% 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 +4.9% 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 | 8.1% | +7.5 pts | 0.6% | 6.0% |
| 2Y | 7.0% | +2.7 pts | 4.3% | 3.9% |
| 3Y | 8.8% | −2.6 pts | 11.4% | 4.6% |
| 5Y | 16.0% | +6.3 pts | 9.8% | 9.3% |
| 7Y | 17.8% | +4.5 pts | 13.3% | 12.1% |
| 10Y | 16.1% | +3.2 pts | 12.9% | 11.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -2.0% | −8.7 pts | 6.7% | 7.5% |
| 3M | -2.3% | −1.8 pts | -0.5% | -0.5% |
| 6M | -0.1% | −4.7 pts | 4.6% | 4.7% |
| 1Y | 6.0% | +5.4 pts | 0.6% | 0.3% |
| 2Y | 2.9% | +1.0 pts | 1.9% | 1.4% |
| 3Y | 17.6% | +6.1 pts | 11.4% | 10.7% |
| 5Y | 14.3% | +4.5 pts | 9.8% | 8.8% |
| 7Y | 16.9% | +2.4 pts | 14.6% | 12.7% |
| 10Y | 15.3% | +2.4 pts | 12.9% | 11.5% |
Since launch (26 Dec 2014): 15.4%
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
2.07%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.61%
- Brokerage
- 0.06%
- Transaction charges
- 0.00%
- Statutory levies
- 0.40%
- 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 | 7.69 | 3.50 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.16 | 1.00 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.62 | 0.53 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.89 | 0.72 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 22.18 | 16.36 | 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 30 Sep 2026
Asset allocation
- Equity96.6%
- Other3.4%
Market cap split
- Large9.8%
- Mid36.9%
- Small53.4%
- P/E
- 41.63
- P/B
- 6.60
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Multi Commodity Exchange Of India Ltd. | Services | 5.74% | ₹281 Cr | +5.65% | +7.80% | +4.62% |
| PTC Industries Ltd. | Metals & Mining | 5.23% | ₹256 Cr | +4.06% | +4.35% | +3.56% |
| One 97 Communications Ltd. | Services | 4.80% | ₹235 Cr | +3.47% | +3.37% | +3.23% |
| Sterlite Technologies Ltd. | Communication | 4.54% | ₹222 Cr | +2.74% | — | — |
| MTAR Technologies Ltd. | Capital Goods | 4.32% | ₹211 Cr | — | — | — |
| Gujarat Fluorochemicals Ltd. | Chemicals | 4.22% | ₹206 Cr | +4.02% | +3.52% | +3.64% |
| Shaily Engineering Plastics Ltd. | Materials | 4.18% | ₹205 Cr | +3.14% | — | — |
| Apar Industries Ltd. | Consumer Staples | 3.91% | ₹191 Cr | +4.21% | +5.37% | +3.31% |
| Zen Technologies Ltd. | Technology | 3.91% | ₹191 Cr | +4.43% | +3.93% | +2.34% |
| SJS Enterprises Ltd. | Automobile | 3.88% | ₹190 Cr | +3.42% | — | — |
| Ather Energy Ltd. | Automobile | 3.79% | ₹185 Cr | +4.67% | +4.37% | — |
| Shriram Finance Ltd | Financial | 3.42% | ₹167 Cr | +3.70% | +3.79% | — |
| Onesource Specialty Pharma Ltd. | Healthcare | 3.39% | ₹166 Cr | +4.14% | +4.53% | +3.35% |
| Others | Others | 3.38% | ₹164 Cr | +0.87% | +1.42% | +1.35% |
| Jain Resource Recycling Ltd. | Metals & Mining | 3.32% | ₹162 Cr | +3.59% | +5.76% | — |
| Muthoot Finance Ltd. | Financial | 3.29% | ₹161 Cr | +3.63% | +4.35% | +3.84% |
| ESDS Software Solution Ltd. | Technology | 2.98% | ₹146 Cr | — | — | — |
| Waaree Energies Ltd. | Energy | 2.91% | ₹142 Cr | +3.64% | +4.92% | +4.44% |
| Piramal Finance Ltd. | Financial | 2.88% | ₹141 Cr | +3.11% | +6.00% | +3.29% |
| Billionbrains Garage Ventures Ltd. | Financial | 2.75% | ₹134 Cr | +3.64% | +4.43% | — |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | 2.69% | ₹132 Cr | — | — | — |
| Premier Energies Ltd. | Energy | 2.58% | ₹126 Cr | +3.36% | +3.49% | +3.05% |
| Ola Electric Mobility Ltd. | Automobile | 2.57% | ₹126 Cr | +3.07% | +1.96% | +3.13% |
| K.P.R. Mill Ltd. | Textiles | 2.53% | ₹124 Cr | +2.62% | +2.01% | +2.28% |
| KSB Ltd. | Capital Goods | 2.49% | ₹122 Cr | +2.80% | +2.47% | +2.31% |
| Data Patterns (India) Ltd. | Capital Goods | 2.22% | ₹108 Cr | — | — | — |
| Nippon Life India Asset Management Ltd. | Financial | 2.19% | ₹107 Cr | +2.30% | — | — |
| Suzlon Energy Ltd. | Capital Goods | 2.05% | ₹100 Cr | +3.94% | +3.24% | +3.11% |
| Bharat Dynamics Ltd. | Capital Goods | 1.64% | ₹80.37 Cr | +2.48% | +3.28% | +3.49% |
| Cemindia Projects Ltd. | Construction | 1.55% | ₹75.96 Cr | — | — | — |
| Religare Enterprises Ltd. | Financial | 0.65% | ₹31.88 Cr | +2.50% | +2.29% | +2.58% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| ESDS Software Solution Ltd. | 0.00% | 2.98% | +2.98% |
| Kalyan Jewellers India Ltd. | 0.00% | 2.69% | +2.69% |
| Interglobe Aviation Ltd. | 2.31% | 0.00% | -2.31% |
| Others | 2.45% | 0.75% | -1.70% |
| MTAR Technologies Ltd. | 2.73% | 4.32% | +1.59% |
| Ather Energy Ltd. | 5.02% | 3.79% | -1.23% |
| Sterlite Technologies Ltd. | 3.46% | 4.54% | +1.08% |
| Apar Industries Ltd. | 4.48% | 3.91% | -0.57% |
| Bharat Dynamics Ltd. | 2.11% | 1.64% | -0.47% |
| Premier Energies Ltd. | 2.93% | 2.58% | -0.35% |
| Jain Resource Recycling Ltd. | 3.00% | 3.32% | +0.32% |
| Cemindia Projects Ltd. | 1.24% | 1.55% | +0.31% |
| Suzlon Energy Ltd. | 2.35% | 2.05% | -0.30% |
| Data Patterns (India) Ltd. | 1.93% | 2.22% | +0.29% |
| PTC Industries Ltd. | 4.96% | 5.23% | +0.27% |
| KSB Ltd. | 2.23% | 2.49% | +0.26% |
| Shriram Finance Ltd | 3.68% | 3.42% | -0.26% |
| Piramal Finance Ltd. | 3.09% | 2.88% | -0.21% |
| Zen Technologies Ltd. | 4.12% | 3.91% | -0.21% |
| SJS Enterprises Ltd. | 4.07% | 3.88% | -0.19% |
| Ola Electric Mobility Ltd. | 2.73% | 2.57% | -0.16% |
| Onesource Specialty Pharma Ltd. | 3.23% | 3.39% | +0.16% |
| Waaree Energies Ltd. | 3.04% | 2.91% | -0.13% |
| Muthoot Finance Ltd. | 3.41% | 3.29% | -0.12% |
| One 97 Communications Ltd. | 4.68% | 4.80% | +0.12% |
| Multi Commodity Exchange Of India Ltd. | 5.63% | 5.74% | +0.11% |
| Nippon Life India Asset Management Ltd. | 2.28% | 2.19% | -0.09% |
| Shaily Engineering Plastics Ltd. | 4.26% | 4.18% | -0.08% |
| Gujarat Fluorochemicals Ltd. | 4.28% | 4.22% | -0.06% |
| K.P.R. Mill Ltd. | 2.57% | 2.53% | -0.04% |
| Billionbrains Garage Ventures Ltd. | 2.73% | 2.75% | +0.02% |
| Religare Enterprises Ltd. | 0.66% | 0.65% | -0.01% |
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 | ₹1,388 Cr | 2.42% | 9.0% | 7.9% | 12.6% |
 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 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 months−0.08% absolute | ₹60,000 | ₹59,952 | −0.08% | |
| 1 year6.01% annualised | ₹1,20,000 | ₹1,23,979 | 3.32% | |
| 3 years17.57% annualised | ₹3,60,000 | ₹4,76,461 | 32.35% | |
| 5 years14.29% annualised | ₹6,00,000 | ₹8,79,115 | 46.52% |
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 ₹54.93 as on 9 Nov 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 8.1% over 1 year, 8.8% over 3 years and 16.0% 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 57 schemes with ₹1,70,273 Cr under management.