Aditya Birla Sun Life ELSS Tax Saver Fund
Direct · GrowthAI Summary
Aditya Birla Sun Life ELSS Tax Saver Fund has delivered a 3Y SIP XIRR of 13.69% and a 10Y SIP XIRR of 11.87%, consistently outperforming the NIFTY 50 on a lump-sum basis across all periods, with a 3Y fund CAGR of 9.76% versus the benchmark's 4.89%. However, its SIP XIRR trails the category average across most horizons, including 13.69% versus 15.64% over 3Y and 11.87% versus 15.86% over 10Y. The 1Y XIRR of 10.13% is roughly in line with the category average of 10.05%.
The fund shows defensive characteristics with a beta of 0.85-0.98 and downside capture of 81.65-91.25% across periods, meaning it falls less than the NIFTY 50 in weak markets. Nine drawdown events exceeding 10% have occurred, though the current maximum drawdown is shallow at -0.35% with a 39-day duration and a 233-day recovery. Calmar ratios between 0.35 and 0.47 indicate moderate risk-adjusted returns, with the 1Y Calmar of 0.465 being the strongest.
The portfolio is heavily weighted toward financials, with Banks at 24.2% and Finance at 8.8%, and the top three holdings (ICICI Bank at 7.37%, HDFC Bank at 6.65%, and Axis Bank at 3.96%) are all banks. With 60 total holdings, the fund is reasonably diversified, and the top 10 positions account for roughly 39% of NAV. Exposure spans IT (6.4%), Retailing (5.4%), and Pharmaceuticals (4.9%), providing some balance beyond financials.
The fund lags the category average SIP XIRR across nearly all horizons, most notably 12.02% versus 16.88% over 5Y and 11.57% versus 15.41% over 7Y. Its strength lies in benchmark outperformance and downside protection rather than peer-leading returns, with positive alpha across all measured periods (5.73% over 1Y, 4.81% over 3Y). Calendar year returns show volatility, ranging from 55.97% in 2014 to -6.66% in 2026.
This fund suits investors seeking Section 80C tax benefits through ELSS with a minimum 3-year lock-in, ideally with a 5-7 year or longer horizon given its long-term lump-sum CAGR of around 11-12%. Its below-market beta and downside capture make it appropriate for moderately conservative equity investors who prioritize capital protection in downturns. Investors should accept that it has underperformed category peers on SIP returns in recent years.
- Consistent outperformance versus NIFTY 50 with positive alpha across all periods, including 4.81% alpha over 3Y and 2.64% over 12Y
- Strong downside protection with downside capture of 81.65-91.25% and a beta below 1, cushioning losses in falling markets
- Reasonable expense ratio of 0.98% for the Direct plan and a diversified 60-stock portfolio
- SIP XIRR trails the category average across nearly all horizons, including 13.69% versus 15.64% over 3Y and 11.87% versus 15.86% over 10Y
- Heavy sector concentration in financials, with Banks (24.2%) plus Finance (8.8%) comprising about a third of the portfolio
Generated on 09-10-2026, 3:16 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.75 L | 16.9% | -51.7% | 82.4% |
| 3 Years | ₹36.00 L | ₹43.85 L | 13.2% | -19.5% | 27.4% |
| 5 Years | ₹60.00 L | ₹80.39 L | 12.2% | -6.1% | 25.9% |
| 7 Years | ₹84.00 L | ₹1.27 Cr | 11.6% | 2.2% | 16.8% |
| 10 Years | ₹1.20 Cr | ₹2.21 Cr | 11.9% | 9.0% | 15.0% |
| 12 Years | ₹1.44 Cr | ₹3.16 Cr | 12.2% | 9.6% | 14.5% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 16.9% | 14.3% | 9.8% | +2.6% |
| 3 Years | 13.2% | 11.0% | 15.5% | +2.1% |
| 5 Years | 12.2% | 10.4% | 16.8% | +1.9% |
| 7 Years | 11.6% | 10.6% | 15.4% | +1.0% |
| 10 Years | 11.9% | 11.4% | 15.8% | +0.5% |
| 12 Years | 12.2% | 11.3% | 15.2% | +0.9% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 16.3% | 11.3% | -29.0% | 80.8% | 0.53 | 1.75 | 82% | — | — |
| 3 Years | 13.9% | 13.4% | -3.3% | 32.2% | 1.24 | 7.39 | 100% | — | — |
| 5 Years | 12.9% | 12.2% | 1.2% | 27.8% | 1.25 | 16.83 | 100% | — | — |
| 10 Years | 13.3% | 13.1% | 9.7% | 16.7% | 3.74 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +4.23 | 0.97 | 96.9% | 91.5% | -4.8% | -9.5% |
| 3 Years | +4.37 | 0.96 | 96.5% | 90.7% | 9.9% | 5.5% |
| 5 Years | +2.16 | 0.90 | 89.8% | 86.5% | 7.0% | 4.6% |
| 7 Years | +0.89 | 0.85 | 85.2% | 83.3% | 10.8% | 10.6% |
| 10 Years | +0.42 | 0.84 | 83.8% | 82.1% | 10.3% | 10.5% |
| 12 Years | +2.61 | 0.85 | 85.6% | 81.7% | 11.7% | 9.6% |
| 15 Years | +3.07 | 0.85 | 86.4% | 81.7% | 12.0% | 9.4% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Limited | 7.37% |
| 2 | HDFC Bank Limited | 6.65% |
| 3 | Axis Bank Limited | 3.96% |
| 4 | Reliance Industries Limited | 3.81% |
| 5 | Infosys Limited | 3.51% |
| 6 | State Bank of India | 3.44% |
| 7 | The Federal Bank Limited | 2.80% |
| 8 | Bharti Airtel Limited | 2.77% |
| 9 | Mahindra & Mahindra Limited | 2.68% |
| 10 | Eternal Limited | 2.39% |