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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹26.7686 | — | — | — | — | — | — |
| Regular Growth | ₹23.5089 | +3.25% | -0.07% | -5.92% | +1.38% | +17.42% | +12.31% |
| Direct IDCW | ₹23.6826 | — | — | — | — | — | — |
| Regular IDCW | ₹20.5759 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
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.