Shriram ELSS Tax Saver Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹22.8684 | — | — | — | — |
| Regular Growth | ₹20.0955 | -1.08% | -2.49% | +8.57% | +8.91% |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive 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 |
|---|---|
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Shriram ELSS Tax Saver Fund hold?
Shriram ELSS Tax Saver Fund holds 72 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 26.66% of NAV.
What is the largest holding in Shriram ELSS Tax Saver Fund?
The largest position in Shriram ELSS Tax Saver Fund is HDFC Bank Ltd., accounting for 7.89% of NAV in the Banks sector.
Is Shriram ELSS Tax Saver Fund a concentrated or diversified fund?
With a Gini coefficient of 0.440, Shriram ELSS Tax Saver Fund is well-diversified. The HHI concentration index is 25,919 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 26.66% of the portfolio.
What is the market cap allocation of Shriram ELSS Tax Saver Fund?
Based on SEBI's AMFI classification, Shriram ELSS Tax Saver Fund's equity portfolio is split as: Large Cap: 67.11%, Mid Cap: 10.78%, Small Cap: 19.65%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Shriram ELSS Tax Saver Fund invest in most?
Shriram ELSS Tax Saver Fund has the highest allocation to Banks (23.34%), IT - Software (6.95%), Petroleum Products (6.95%). The fund is invested across 32 sectors in total.
How actively managed is Shriram ELSS Tax Saver Fund compared to other ELSS - Tax Saver Fund funds?
Shriram ELSS Tax Saver Fund has an Active Share of 53.41%, classifying it as "Active Stock Picker" among 37 ELSS - Tax Saver Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Shriram ELSS Tax Saver Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Shriram ELSS Tax Saver Fund added 8 new stocks (including Oil & Natural Gas Corporation Ltd.) and exited 5 stocks (including InterGlobe Aviation Ltd.). Total holding count increased from 78 to 81 stocks.