December 29, 2025
RA Jainee
HDFC ELSS Tax Saver Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 1569.43 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 105.21 |
| Min. Investment (Rs.) | 500 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 17,241 Cr |
| (As on 30-Nov-2025) | |
| Expense | 1.08% |
| 1 Year Return (%) | 10.09 |
| 3 Year Return (%) | 21.88 |
| 5 Year Return (%) | 22.58 |
| 10 Year Return (%) | 15.19 |
| Return Since Launch | 15.32% |
⚖️ Sahifund Review — HDFC ELSS Tax Saver Fund ✓
PLUS: Stability, track record, cost efficiency
HDFC ELSS Tax Saver Fund is one of the most consistent performers in the ELSS category, backed by a decade-long track record. The fund has delivered strong 3-year and 5-year returns of ~22%, comfortably outperforming the ELSS category average. Its diversified large-cap–oriented portfolio helps limit downside during market corrections while still participating in equity upcycles. The mandatory 3-year lock-in encourages disciplined investing and reduces timing risk. Backed by HDFC Mutual Fund, the fund benefits from a robust investment process and seasoned fund management.
MINUS: Large AUM, large-cap bias, momentum lag
With assets exceeding Rs. 17,000 Cr, alpha generation can be gradual rather than aggressive. The portfolio shows high concentration in top stocks and sectors, which may cap upside during sharp rallies. Expense ratio is on the higher side for ELSS funds, slightly impacting net returns compared to lower-cost peers. Investors seeking high mid- and small-cap aggression may find returns relatively smoother but less exciting in momentum-driven phases.
Decisive Line (Sahifund View):
An excellent core ELSS choice for tax-saving SIP investors seeking consistency, discipline, and reliable long-term wealth creation with Section 80C benefits.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to generate capital appreciation / income from a portfolio, comprising predominantly of equity & equity related instruments.
Fund Manager:
1) Amar Kalkundrikar
Education: Mr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School.
Experience: 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.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details of HDFC ELSS Tax Saver Fund
| Fund House | HDFC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 15.32% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 17,241 Cr |
| (As on 30-Nov-2025) | |
| Expense | 1.08% |
| (As on 30-Nov-2025) | |
| Risk Grade | Low |
| Return Grade | High |
| Turnover | 12.19% |
Trailing Returns (%) of HDFC ELSS Tax Saver Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HDFC ELSS Tax Saver Dir | 10.24 | -0.29 | -1.23 | 2.55 | 1.99 | 10.09 | 21.88 | 22.58 | 17.35 | 15.19 |
| BSE 500 TRI | 7.20 | -0.30 | -0.72 | 4.73 | 1.72 | 6.97 | 16.64 | 17.09 | 16.05 | 14.88 |
| Equity: ELSS | 4.35 | -0.36 | -1.08 | 3.57 | 1.03 | 4.25 | 18.42 | 18.12 | 16.79 | 15.13 |
| Rank within category | 4 | 10 | 24 | 30 | 17 | 3 | 5 | 3 | 12 | 11 |
| Number of funds in category | 39 | 40 | 40 | 40 | 40 | 39 | 34 | 33 | 30 | 27 |
Peer Comparison of HDFC ELSS Tax Saver Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| HDFC ELSS Tax Saver Dir | 5 star | 10.09 | 21.88 | 22.58 | 1.08 | 17,241 | 15.32 | — | 12Y 11M | 12.19 |
| SBI ELSS Tax Saver Dir | 5 star | 6.34 | 24.86 | 22.59 | 0.92 | 32,327 | 16.40 | — | 12Y 11M | 12.00 |
| DSP ELSS Tax Saver Dir | 4 star | 7.82 | 21.26 | 20.89 | 0.66 | 17,570 | 17.76 | — | 12Y 11M | 35.00 |
| Bandhan ELSS Tax Saver Dir | 4 star | 8.58 | 17.90 | 21.18 | 0.65 | 7,327 | 17.55 | — | 12Y 11M | 33.00 |
| Franklin India ELSS Tax Saver Dir | 4 star | 2.91 | 19.00 | 20.13 | 1.04 | 6,796 | 16.02 | — | 12Y 11M | 13.97 |
Portfolio Analysis of HDFC ELSS Tax Saver Fund
| No. of Stocks | 54 |
| Top 10 Stocks | 58.05% |
| Top 5 Stocks | 37.67% |
| Top 3 Sectors | 71.38% |
| Portfolio P/B Ratio | 3.35 |
| Portfolio P/E Ratio | 23.54 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,78,978 | 2,12,744 |
| Giant (%) | 75.64 | 57.04 |
| Large (%) | 11.09 | 17.86 |
| Mid (%) | 7.36 | 22.09 |
| Small (%) | 5.92 | 7.17 |
| Tiny (%) | — | 0.16 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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