Bajaj Finserv ELSS Tax Saver Fund
Bajaj Finserv Mutual Fund·ELSS - Tax Saver Fund·vs Nifty 500 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹11.1810 | +3.92% | -0.38% | -2.68% | +2.66% | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
49
Top 5 Weight
26.71%
Top 10 Weight
42.37%
Active Share
—
Large Cap
40.00%
Gini
0.396
What Changed2026-03-31 → 2026-04-30
Holdings: 47 → 50+5 added−2 removed27 weight shifts ≥ 0.1%
| 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
Banks21.5%
Pharmaceuticals & Biotechnology9.9%
nan9.6%
Auto Components6.6%
Petroleum Products6.2%
Consumer Durables5.6%
Textiles & Apparels5.3%
Construction4.2%
Food Products4.1%
Finance3.8%
Top 10 sectors by % to NAV. Excludes derivatives.