ITI ELSS Tax Saver Fund
The fund maintains a pronounced financial sector tilt, with banks and finance collectively representing over 34 percent of the portfolio, signaling conviction in India's credit cycle and consumption growth. Recent portfolio churning—dropping TCS while adding smaller finance names like Shriram and Five Star Business Finance—suggests the manager is repositioning toward non-banking financial companies and mid-cap banking opportunities rather than large-cap IT or retail plays. The concentrated top-10 holding pattern (26.7 percent) combined with a diversified 73-stock base reflects a balanced approach seeking sector alpha within ELSS constraints.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹26.8822 | — | — | — | — |
| Regular Growth | ₹23.6077 | +1.28% | -0.50% | +17.37% | +12.41% |
| Direct IDCW | ₹23.7832 | — | — | — | — |
| Regular IDCW | ₹20.6624 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive 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 |
|---|---|
| Bandhan Bank Limited | 1.11% |
| Shriram Finance Limited | 0.96% |
| Five Star Business Finance Limited | 0.58% |
| Park Medi World Limited | 0.51% |
| S.J.S. Enterprises Limited | 0.05% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 3.83% |
| 2 | Net Receivables / (Payables) nan | 3.18% |
| 3 | Axis Bank Limited INE238A01034 | 2.85% |
| 4 | Cholamandalam Investment and Finance Company Ltd INE121A01024 | 2.77% |
| 5 | State Bank of India INE062A01020 | 2.67% |
| 6 | Bajaj Finance Limited INE296A01032 | 2.55% |
| 7 | TVS Motor Company Limited INE494B01023 | 2.52% |
| 8 | Aditya Birla Real Estate Limited INE055A01016 | 2.17% |
| 9 | Bharti Airtel Limited INE397D01024 | 2.17% |
| 10 | Cohance Lifesciences Limited INE03QK01018 | 1.99% |
| 11 | Kirloskar Pneumatic Company Limited INE811A01020 | 1.98% |
| 12 | PNB Housing Finance Limited INE572E01012 | 1.97% |
| 13 | KEI Industries Limited INE878B01027 | 1.97% |
| 14 | Sansera Engineering Limited INE953O01021 | 1.85% |
| 15 | NTPC Limited INE733E01010 | 1.85% |
| 16 | ICICI Bank Limited INE090A01021 | 1.82% |
| 17 | BIKAJI FOODS INTERNATIONAL LIMITED INE00E101023 | 1.77% |
| 18 | IIFL Finance Limited INE530B01024 | 1.72% |
| 19 | Usha Martin Limited INE228A01035 | 1.71% |
| 20 | Welspun Corp Limited INE191B01025 | 1.70% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does ITI ELSS Tax Saver Fund hold?
ITI ELSS Tax Saver Fund holds 72 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 14.67% of NAV.
What is the largest holding in ITI ELSS Tax Saver Fund?
The largest position in ITI ELSS Tax Saver Fund is HDFC Bank Limited, accounting for 3.83% of NAV in the Banks sector.
Is ITI ELSS Tax Saver Fund a concentrated or diversified fund?
With a Gini coefficient of 0.266, ITI ELSS Tax Saver Fund is well-diversified. The HHI concentration index is 16,190 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 14.67% of the portfolio.
What is the market cap allocation of ITI ELSS Tax Saver Fund?
Based on SEBI's AMFI classification, ITI ELSS Tax Saver Fund's equity portfolio is split as: Large Cap: 32.38%, Mid Cap: 6.25%, Small Cap: 57.37%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ITI ELSS Tax Saver Fund invest in most?
ITI ELSS Tax Saver Fund has the highest allocation to Banks (17.94%), Finance (16.85%), Industrial Products (8.99%). The fund is invested across 24 sectors in total.
How actively managed is ITI ELSS Tax Saver Fund compared to other ELSS - Tax Saver Fund funds?
ITI ELSS Tax Saver Fund has an Active Share of 71.26%, classifying it as "Highly Differentiated" among 37 ELSS - Tax Saver Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in ITI ELSS Tax Saver Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ITI ELSS Tax Saver Fund added 5 new stocks (including Bandhan Bank Limited) and exited 3 stocks (including Vedanta Limited). Total holding count increased from 71 to 73 stocks.