Sundaram ELSS Tax Saver Fund
Sundaram Mutual Fund·ELSS - Tax Saver Fund·vs Nifty 500 TRI
The fund is heavily tilted toward financial stability, with banking stocks commanding over a quarter of the portfolio—a defensive positioning that suggests conviction in steady dividend yields and resilience. The significant cash accumulation and exit from growth-oriented names like Tech Mahindra and Varun Beverages signal the manager is rotating toward quality, large-cap anchors, while the sharp uptick in TREPS allocation hints at tactical liquidity management ahead of potential market volatility.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Primary | ₹480.8261 | -0.95% | -7.09% | -8.52% | -2.10% | +11.83% | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
53
Top 5 Weight
25.20%
Top 10 Weight
41.10%
Active Share
—
Large Cap
62.77%
Gini
0.360
What Changed2026-03-31 → 2026-04-30
Holdings: 59 → 55+0 added−4 removed29 weight shifts ≥ 0.1%
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd INE040A01034 | 6.89% |
| 2 | ICICI Bank Ltd INE090A01021 | 5.76% |
| 3 | TREPS | 5.72% |
| 4 | Reliance Industries Ltd INE002A01018 | 4.37% |
| 5 | Axis Bank Ltd INE238A01034 | 4.28% |
| 6 | Bharti Airtel Ltd INE397D01024 | 3.92% |
| 7 | State Bank of India INE062A01020 | 3.87% |
| 8 | Larsen & Toubro Ltd INE018A01030 | 3.46% |
| 9 | Infosys Ltd INE009A01021 | 3.18% |
| 10 | Kotak Mahindra Bank Ltd INE237A01036 | 2.81% |
| 11 | Kirloskar Oil Engines Ltd INE146L01010 | 2.57% |
| 12 | Ultratech Cement Ltd INE481G01011 | 2.41% |
| 13 | Mahindra & Mahindra Ltd INE101A01026 | 2.18% |
| 14 | Force Motors Ltd INE451A01017 | 2.15% |
| 15 | ITC Ltd INE154A01025 | 2.10% |
| 16 | NTPC LTD INE733E01010 | 1.93% |
| 17 | Oil & Natural Gas Corporation Ltd INE213A01029 | 1.82% |
| 18 | Union Bank of India INE692A01016 | 1.79% |
| 19 | Cummins India Ltd INE298A01020 | 1.75% |
| 20 | Cipla Ltd INE059A01026 | 1.71% |
Sector Allocation
Banks27.1%
It - Software6.5%
Cement & Cement Products4.7%
Petroleum Products4.4%
Automobiles4.3%
Industrial Products4.3%
Telecom - Services3.9%
Construction3.5%
Pharmaceuticals & Biotechnology3.1%
Power3.0%
Top 10 sectors by % to NAV. Excludes derivatives.