Bajaj Finserv ELSS Tax Saver Fund
Direct · GrowthAI Summary
The fund's 1-year SIP XIRR of 3.39% is significantly below the category average of 17.08%, indicating underperformance in the recent period. However, on a lump-sum basis, the fund has consistently outperformed the NIFTY 50 benchmark across all time horizons, with 1-year Fund CAGR of 8.35% versus -2.9% for the benchmark, and positive alpha at all measured durations. Calendar year returns show 15.75% in 2025 and 3.14% in 2026, reflecting moderate but positive performance.
The fund exhibits a very low maximum drawdown of -0.135%, with a short recovery period of 37 days, indicating strong downside protection. The Calmar ratio of 0.4544 for 1 year suggests reasonable risk-adjusted returns relative to drawdown. With a beta of 0.97 against the NIFTY 50, the fund's volatility is close to the market, but its downside capture of 86.93% (1Y) indicates it loses less than the market in downturns.
The top 10 holdings account for 42.76% of the portfolio, with a significant concentration in banks (ICICI Bank, HDFC Bank, State Bank of India) totaling 17.5% of the fund. The portfolio is diversified across 44 holdings, with sector exposure spread across pharmaceuticals, finance, textiles, and auto components. Notable mid-cap and small-cap names like Zydus Wellness, Five Star Business Finance, and Nitin Spinners add a growth-oriented tilt.
The fund's 1-year XIRR of 3.39% is drastically below the ELSS category average of 17.08%, placing it in the bottom quartile of peers for recent performance. However, its long-term lump-sum returns have consistently beaten the benchmark, though the alpha diminishes with longer horizons (from 10.98% at 1Y to 0.42% at 15Y). The fund's performance consistency is mixed, with strong relative returns in 2025 but a sharp decline in 2026.
This fund is suitable for investors seeking tax savings under Section 80C with a moderate risk appetite and a long-term horizon of at least 5-7 years. Given its low drawdown and downside capture, it may appeal to conservative equity investors who prioritize capital preservation. However, the recent underperformance versus category peers suggests investors should have realistic expectations and consider this fund as part of a diversified portfolio rather than a core holding.
- Consistent outperformance of the NIFTY 50 benchmark across all time horizons, with positive alpha at every duration.
- Strong downside protection, evidenced by a very low maximum drawdown of -0.135% and downside capture below 87%.
- Diversified portfolio with 44 holdings and a mix of large-cap and mid-cap stocks, reducing single-stock risk.
- Significant underperformance versus the ELSS category average, with 1-year XIRR of 3.39% versus 17.08% for peers.
- High concentration in banking sector (17.5% of NAV), which could expose the fund to sector-specific risks.
Generated on 29-08-2026, 2:51 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 | ₹12.27 L | 3.4% | -19.2% | 15.5% |
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 | 3.4% | 14.4% | 17.1% | -11.0% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 6.1% | 5.3% | -3.3% | 15.8% | -0.08 | -0.11 | 93% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +10.98 | 0.97 | 101.7% | 86.9% | 8.3% | -2.9% |
| 3 Years | +5.05 | 0.89 | 94.9% | 81.6% | 6.3% | 0.6% |
| 5 Years | +2.71 | 0.89 | 94.9% | 81.6% | 3.7% | 0.3% |
| 7 Years | +1.72 | 0.89 | 94.9% | 81.6% | 2.6% | 0.3% |
| 10 Years | +1.00 | 0.89 | 94.9% | 81.6% | 1.8% | 0.2% |
| 12 Years | +0.71 | 0.89 | 94.9% | 81.6% | 1.5% | 0.1% |
| 15 Years | +0.42 | 0.89 | 94.9% | 81.6% | 1.2% | 0.1% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Limited | 6.84% |
| 2 | HDFC Bank Limited | 6.34% |
| 3 | Reliance Industries Limited | 6.27% |
| 4 | State Bank of India | 4.36% |
| 5 | Zydus Wellness Limited | 3.54% |
| 6 | Five Star Business Finance Limited | 3.40% |
| 7 | Nitin Spinners Limited | 3.23% |
| 8 | Divi's Laboratories Limited | 3.16% |
| 9 | PG Electroplast Limited | 2.99% |
| 10 | Larsen & Toubro Limited | 2.63% |