Shriram ELSS Tax Saver Fund
Shriram Mutual Fund·ELSS - Tax Saver Fund·vs Nifty 500 TRI
The fund maintains a classic large-cap quality bias with over 40% concentrated in its top ten holdings, anchored by financial stocks that comprise nearly a quarter of the portfolio. Recent moves—adding oil majors and modest IT call options while trimming airline and niche financial plays—suggest the manager is rotating toward commodity-linked inflation hedges while tactically adjusting IT exposure. The cash buffer remains minimal, signaling full confidence in current positioning despite elevated valuations in core holdings.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹22.6556 | — | — | — | — | — | — |
| Regular Growth | ₹19.9094 | -0.32% | -5.23% | -7.96% | -2.07% | +8.33% | +8.71% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
72
Top 5 Weight
26.66%
Top 10 Weight
40.27%
Active Share
—
Large Cap
67.11%
Gini
0.440
What Changed2026-03-31 → 2026-04-30
Holdings: 78 → 81+8 added−5 removed37 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Oil & Natural Gas Corporation Ltd. | 1.05% |
| Dodla Dairy Ltd. | 0.75% |
| CALL HCLTECH 26-May-2026 1250 | 0.00% |
| CALL TECHM 26-May-2026 1540 | 0.00% |
| CALL TCS 26-May-2026 2540 | 0.00% |
| CALL INFY 26-May-2026 1240 | 0.00% |
| CALL ETERNAL 26-May-2026 250 | -0.02% |
| CALL INDIGO 26-May-2026 4200 | -0.03% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 7.89% |
| 2 | Reliance Industries Ltd. INE002A01018 | 5.70% |
| 3 | ICICI Bank Ltd. INE090A01021 | 4.66% |
| 4 | State Bank of India INE062A01020 | 4.34% |
| 5 | Axis Bank Ltd. INE238A01034 | 4.07% |
| 6 | Bharti Airtel Ltd. INE397D01024 | 3.94% |
| 7 | Net Receivables / (Payables) | 3.51% |
| 8 | Infosys Ltd. INE009A01021 | 2.62% |
| 9 | Larsen & Toubro Ltd. INE018A01030 | 2.53% |
| 10 | NTPC Ltd. INE733E01010 | 2.35% |
| 11 | SBI Life Insurance Company Ltd. INE123W01016 | 2.17% |
| 12 | Mahindra & Mahindra Ltd. INE101A01026 | 2.07% |
| 13 | InterGlobe Aviation Ltd. INE646L01027 | 2.02% |
| 14 | Samhi Hotels Ltd. INE08U801020 | 1.94% |
| 15 | Bharat Electronics Ltd. INE263A01024 | 1.92% |
| 16 | ITC Ltd. INE154A01025 | 1.92% |
| 17 | Adani Ports & Special Economic Zone Ltd. INE742F01042 | 1.75% |
| 18 | Tata Consultancy Services Ltd. INE467B01029 | 1.73% |
| 19 | Ajanta Pharma Ltd. INE031B01049 | 1.48% |
| 20 | Tata Steel Ltd. INE081A01020 | 1.42% |
Sector Allocation
Banks23.3%
IT - Software7.0%
Petroleum Products7.0%
Automobiles5.4%
Healthcare Services5.2%
Telecom - Services3.9%
Construction3.7%
Pharmaceuticals & Biotechnology3.5%
Power3.4%
Capital Markets2.7%
Top 10 sectors by % to NAV. Excludes derivatives.