Bajaj Finserv ELSS Tax Saver Fund
The fund maintains a defensive posture with nearly a quarter of assets in banking despite elevated valuations, suggesting conviction in financial sector stability for tax-saving investors. Recent portfolio churning—adding five smallcap stocks including Vedanta subsidiaries while trimming diversified industrials—signals the manager is rotating toward higher-conviction, niche opportunities, though the heavy concentration in top-10 holdings leaves limited margin for error on individual stock picks.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹11.2720 | +2.28% | +2.25% | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Five Star Business Finance Limited | 2.53% |
| Malco Energy Limited ** | 0.31% |
| Talwandi Sabo Power Limited ** | 0.31% |
| Vedanta Aluminium Metal Limited ** | 0.31% |
| Vedanta Iron And Steel Limited ** | 0.31% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 6.19% |
| 2 | Reliance Industries Limited INE002A01018 | 6.17% |
| 3 | ICICI Bank Limited INE090A01021 | 5.67% |
| 4 | Net Receivables / (Payables) nan | 5.59% |
| 5 | State Bank of India INE062A01020 | 4.70% |
| 6 | Clearing Corporation of India Ltd nan | 3.98% |
| 7 | Nitin Spinners Limited INE229H01012 | 3.90% |
| 8 | Zydus Wellness Limited INE768C01028 | 3.09% |
| 9 | Bandhan Bank Limited INE545U01014 | 2.96% |
| 10 | Larsen & Toubro Limited INE018A01030 | 2.90% |
| 11 | Glenmark Pharmaceuticals Limited INE935A01035 | 2.81% |
| 12 | Divi's Laboratories Limited INE361B01024 | 2.76% |
| 13 | Timken India Limited INE325A01013 | 2.74% |
| 14 | JK Cement Limited INE823G01014 | 2.59% |
| 15 | Infosys Limited INE009A01021 | 2.57% |
| 16 | Five Star Business Finance Limited INE128S01021 | 2.53% |
| 17 | TD Power Systems Limited INE419M01027 | 2.46% |
| 18 | Tata Steel Limited INE081A01020 | 2.37% |
| 19 | Eternal Limited INE758T01015 | 2.05% |
| 20 | Crompton Greaves Consumer Electricals Limited INE299U01018 | 1.94% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Bajaj Finserv ELSS Tax Saver Fund hold?
Bajaj Finserv ELSS Tax Saver Fund holds 49 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 26.71% of NAV.
What is the largest holding in Bajaj Finserv ELSS Tax Saver Fund?
The largest position in Bajaj Finserv ELSS Tax Saver Fund is HDFC Bank Limited, accounting for 6.19% of NAV in the Banks sector.
Is Bajaj Finserv ELSS Tax Saver Fund a concentrated or diversified fund?
With a Gini coefficient of 0.396, Bajaj Finserv ELSS Tax Saver Fund is well-diversified. The HHI concentration index is 28,662 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 26.71% of the portfolio.
What is the market cap allocation of Bajaj Finserv ELSS Tax Saver Fund?
Based on SEBI's AMFI classification, Bajaj Finserv ELSS Tax Saver Fund's equity portfolio is split as: Large Cap: 40.00%, Mid Cap: 11.47%, Small Cap: 36.10%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Bajaj Finserv ELSS Tax Saver Fund invest in most?
Bajaj Finserv ELSS Tax Saver Fund has the highest allocation to Banks (21.47%), Pharmaceuticals & Biotechnology (9.89%), nan (9.57%). The fund is invested across 20 sectors in total.
How actively managed is Bajaj Finserv ELSS Tax Saver Fund compared to other ELSS - Tax Saver Fund funds?
Bajaj Finserv ELSS Tax Saver Fund has an Active Share of 66.47%, classifying it as "Active Stock Picker" among 37 ELSS - Tax Saver Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Bajaj Finserv ELSS Tax Saver Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Bajaj Finserv ELSS Tax Saver Fund added 5 new stocks (including Five Star Business Finance Limited) and exited 2 stocks (including IndusInd Bank Limited). Total holding count increased from 47 to 50 stocks.