LIC MF ELSS Tax Saver
LIC Mutual Fund·ELSS - Tax Saver Fund·vs Nifty 500 TRI
The fund is heavily tilted toward financial services, with banks and finance representing over 30% of the portfolio, positioning it to benefit from India's credit cycle strength. The manager recently trimmed IT and pharma exposure while adding Persistent Systems, signaling a shift away from cyclical tech toward domestic growth drivers. The modest 1.3% monthly return reflects a defensive posture, with 5.3% cash suggesting the manager is selectively deploying capital rather than fully invested.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹161.5693 | -0.24% | — | — | — | — | — |
| Regular Growth | ₹140.1742 | -0.33% | -7.58% | -8.92% | -6.14% | +10.90% | +11.39% |
| Direct IDCW | ₹35.6772 | -0.24% | — | — | — | — | — |
| Regular IDCW | ₹29.3445 | -0.33% | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
53
Top 5 Weight
25.94%
Top 10 Weight
39.76%
Active Share
—
Large Cap
58.76%
Gini
0.350
What Changed2026-03-31 → 2026-04-30
Holdings: 59 → 55+1 added−5 removed19 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Persistent Systems Ltd. | 0.97% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Ltd. INE090A01021 | 7.68% |
| 2 | HDFC Bank Ltd. INE040A01034 | 7.12% |
| 3 | Treps | 5.41% |
| 4 | Axis Bank Ltd. INE238A01034 | 4.37% |
| 5 | State Bank of India INE062A01020 | 3.45% |
| 6 | Cholamandalam Investment & Fin Co Ltd. INE121A01024 | 3.32% |
| 7 | Shakti Pumps (India) Ltd. INE908D01010 | 3.27% |
| 8 | Kirloskar Oil Engines Ltd. INE146L01010 | 3.01% |
| 9 | Larsen & Toubro Ltd. INE018A01030 | 2.78% |
| 10 | Eicher Motors Ltd. INE066A01021 | 2.41% |
| 11 | Blue Star Ltd. INE472A01039 | 2.35% |
| 12 | Grasim Industries Ltd. INE047A01021 | 2.26% |
| 13 | Reliance Industries Ltd. INE002A01018 | 2.22% |
| 14 | CCL Products (India) Ltd. INE421D01022 | 2.14% |
| 15 | Mahindra & Mahindra Ltd. INE101A01026 | 2.03% |
| 16 | Maruti Suzuki India Ltd. INE585B01010 | 1.91% |
| 17 | Trent Ltd. INE849A01020 | 1.82% |
| 18 | SRF Ltd. INE647A01010 | 1.81% |
| 19 | Torrent Pharmaceuticals Ltd. INE685A01028 | 1.77% |
| 20 | Infosys Ltd. INE009A01021 | 1.76% |
Sector Allocation
Banks23.5%
Automobiles7.8%
Finance7.0%
Industrial Products6.3%
Pharmaceuticals & Biotechnology5.5%
Consumer Durables4.9%
Retailing4.7%
IT - Software4.2%
Auto Components3.8%
Chemicals & Petrochemicals3.4%
Top 10 sectors by % to NAV. Excludes derivatives.