Aditya Birla Sun Life ELSS Tax Saver Fund
Direct · GrowthAI Summary
Aditya Birla Sun Life ELSS Tax Saver Fund has delivered a 1Y SIP XIRR of 17.15%, marginally ahead of the category average of 17.08%, but its longer-term XIRR lags peers — 13.30% over 3Y versus 15.16% and 12.28% over 5Y versus 16.31%. Against the NIFTY 50, the fund has generated positive alpha across all periods, including 6.29% over 1Y and 5.47% over 3Y, with lump-sum CAGRs beating the benchmark in every window. The fund's benchmark outperformance is driven largely by superior downside protection rather than aggressive upside capture.
The fund exhibits a beta below 1 across all periods (0.84-0.99) with downside capture consistently in the 81-92% range, indicating meaningful resilience during market declines. Nine drawdown events exceeding 10% have occurred, though the maximum drawdown of -0.35% recovered in 233 days, suggesting contained peak-to-trough losses in the measured period. Calmar ratios between 0.35 and 0.47 across horizons reflect moderate risk-adjusted efficiency, with the 1Y figure of 0.47 being the strongest.
The portfolio holds 60 stocks with financials dominating — Banks alone account for 24.2% and Finance adds another 8.8%, meaning roughly a third of assets are in financial services. ICICI Bank (7.37%), HDFC Bank (6.65%), and Axis Bank (3.96%) anchor the top holdings, supplemented by Reliance Industries (3.81%) and Infosys (3.51%). The remaining exposure is spread across IT, retail, telecom, autos, and pharma, providing reasonable diversification beyond the financial-heavy core.
The fund trails its ELSS category on SIP XIRR across 3Y, 5Y, 7Y, 10Y, and 12Y horizons, with the 5Y gap being widest at about 4 percentage points (12.28% vs 16.31%). However, its consistent alpha over NIFTY 50 and strong downside capture suggest it has protected capital better than the index even if it underperforms category peers. Calendar year returns show occasional standout years like 2017 (44.65%) and 2014 (55.97%) but also negative years in 2018 (-3.0%) and 2022 (-1.74%).
This fund suits investors seeking Section 80C tax benefits who want a large-cap-tilted, relatively defensive ELSS with a proven ability to limit downside. Given the 3-year statutory lock-in and the fund's better showing over longer horizons versus the benchmark, a horizon of 7 years or more is appropriate. Investors should have moderate risk tolerance and accept that category peers have delivered higher SIP returns in recent years.
- Consistent positive alpha versus NIFTY 50 across all periods from 1Y to 15Y, including 6.29% over 1Y and 3.25% over 15Y
- Strong downside protection with downside capture of 81-92% and beta below 1 in every measured period
- Diversified 60-stock portfolio with a large-cap quality bias anchored in top private and public sector banks
- SIP XIRR trails the category average across all horizons beyond 1 year, with a 5Y gap of roughly 4 percentage points (12.28% vs 16.31%)
- Heavy sector concentration in financials, with Banks (24.2%) and Finance (8.8%) together comprising about 33% of the portfolio
Generated on 03-09-2026, 3:04 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 | ₹12.77 L | 17.1% | -51.7% | 82.4% |
| 3 Years | ₹36.00 L | ₹43.91 L | 13.3% | -19.5% | 27.4% |
| 5 Years | ₹60.00 L | ₹80.74 L | 12.3% | -6.1% | 25.9% |
| 7 Years | ₹84.00 L | ₹1.27 Cr | 11.6% | 2.2% | 16.8% |
| 10 Years | ₹1.20 Cr | ₹2.22 Cr | 12.0% | 9.2% | 15.0% |
| 12 Years | ₹1.44 Cr | ₹3.19 Cr | 12.4% | 9.9% | 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 | 17.1% | 14.4% | 17.1% | +2.7% |
| 3 Years | 13.3% | 11.1% | 15.2% | +2.2% |
| 5 Years | 12.3% | 10.4% | 16.3% | +1.9% |
| 7 Years | 11.6% | 10.6% | 15.8% | +1.0% |
| 10 Years | 12.0% | 11.5% | 16.1% | +0.5% |
| 12 Years | 12.4% | 11.4% | 15.6% | +1.0% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 16.5% | 11.7% | -29.0% | 80.8% | 0.54 | 1.80 | 82% | — | — |
| 3 Years | 13.9% | 13.5% | -3.3% | 32.2% | 1.24 | 7.37 | 100% | — | — |
| 5 Years | 13.0% | 12.3% | 1.2% | 27.8% | 1.26 | 16.90 | 100% | — | — |
| 10 Years | 13.4% | 13.6% | 9.7% | 16.7% | 3.93 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +6.29 | 0.99 | 100.4% | 91.8% | 3.5% | -2.9% |
| 3 Years | +5.47 | 0.96 | 97.6% | 90.4% | 13.2% | 7.8% |
| 5 Years | +1.88 | 0.90 | 89.3% | 86.1% | 9.6% | 7.8% |
| 7 Years | +1.50 | 0.85 | 85.7% | 83.2% | 12.5% | 11.8% |
| 10 Years | +1.08 | 0.84 | 84.2% | 81.7% | 11.2% | 10.8% |
| 12 Years | +3.20 | 0.85 | 86.1% | 81.5% | 12.5% | 9.8% |
| 15 Years | +3.25 | 0.85 | 86.5% | 81.5% | 12.5% | 9.7% |
| # | 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% |