ICICI Prudential ELSS Tax Saver Fund
Direct · GrowthAI Summary
ICICI Prudential ELSS Tax Saver Fund has delivered a 3Y SIP XIRR of 15.32% and a 5Y XIRR of 15.9%, beating the category averages of 14.57% and 9.6% (1Y) respectively. However, over longer horizons it trails the category, with 7Y XIRR of 14.83% versus 15.85% and 10Y XIRR of 15.19% versus 15.79%. The 1Y XIRR of 9.85% modestly outpaces the category's 9.6%, though calendar year 2026 shows a -8.87% return.
The fund's maximum drawdown is -37.51% with a 66-day decline period but a lengthy 239-day recovery, and it has experienced 10 drawdown events exceeding 10%, indicating meaningful downside risk typical of diversified equity. Calmar ratios of roughly 0.40-0.47 across horizons suggest moderate risk-adjusted returns. Investors should be prepared for double-digit interim losses despite the strong long-term compounding.
The portfolio is well diversified across 84 stocks, with the top 10 holdings accounting for about 51.7% of NAV. Banks dominate at 22.8% of the portfolio, led by ICICI Bank (8.21%), HDFC Bank (6.85%), and Axis Bank (5.69%), followed by Automobiles at 10.6% and Retailing at 9.1%. This financial-sector tilt provides stability but creates concentration risk if banking underperforms.
The fund outperforms its category on 1Y and 3Y SIP XIRR but lags on 5Y, 7Y, 10Y, and 12Y horizons, indicating recent relative strength after a period of middling longer-term performance. Calendar year returns show strong consistency in positive years, with only 2026 negative so far (-8.87%) and double-digit gains in 2021 (34.24%), 2023 (23.49%), and 2024 (17.21%). Overall, it sits in the middle-to-upper band of its ELSS peer group.
This fund suits investors seeking Section 80C tax deduction alongside long-term equity wealth creation, given the mandatory 3-year lock-in. It is best for investors with a 5-7 year or longer horizon and moderate-to-high risk tolerance who can withstand drawdowns of 30% or more. Conservative investors or those needing liquidity within three years should look elsewhere.
- 3Y SIP XIRR of 15.32% and 5Y XIRR of 15.9% beat the category averages of 14.57% and 16.78% on the 3Y view, showing competitive recent performance
- Highly diversified portfolio of 84 holdings with a low top-10 concentration of roughly 52%, reducing single-stock risk
- Long track record of consistent calendar-year gains, including 34.24% in 2021 and 23.49% in 2023
- Long-term SIP XIRR trails the category, with 7Y at 14.83% versus 15.85% and 10Y at 15.19% versus 15.79%
- Heavy sector concentration in Banks at 22.8% of NAV exposes the fund to financial-sector underperformance
- Maximum drawdown of -37.51% with a 239-day recovery and 10 drawdown events above 10% highlight significant downside volatility
Generated on 25-10-2026, 2:27 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 | ₹12.70 L | 18.4% | -57.7% | 98.3% |
| 3 Years | ₹36.00 L | ₹44.66 L | 14.8% | -21.0% | 35.5% |
| 5 Years | ₹60.00 L | ₹88.17 L | 14.7% | -8.4% | 27.1% |
| 7 Years | ₹84.00 L | ₹1.43 Cr | 14.8% | -0.6% | 22.3% |
| 10 Years | ₹1.20 Cr | ₹2.65 Cr | 15.2% | 11.9% | 18.8% |
| 12 Years | ₹1.44 Cr | ₹3.77 Cr | 14.8% | 12.0% | 17.0% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | Category avg |
|---|---|---|
| 1 Year | 18.4% | 9.6% |
| 3 Years | 14.8% | 14.6% |
| 5 Years | 14.7% | 16.8% |
| 7 Years | 14.8% | 15.8% |
| 10 Years | 15.2% | 15.8% |
| 12 Years | 14.8% | 15.4% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 17.7% | 11.7% | -32.2% | 95.0% | 0.54 | 1.99 | 88% | — | — |
| 3 Years | 15.4% | 15.4% | -6.7% | 32.6% | 1.45 | 6.25 | 98% | — | — |
| 5 Years | 14.9% | 14.8% | -0.5% | 28.8% | 1.73 | 13.48 | 100% | — | — |
| 10 Years | 15.0% | 14.8% | 11.7% | 18.2% | 5.72 | — | 100% | — | — |
Calmar Ratio by Duration
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Ltd. | 8.21% |
| 2 | HDFC Bank Ltd. | 6.85% |
| 3 | Axis Bank Ltd. | 5.69% |
| 4 | Avenue Supermarts Ltd. | 5.23% |
| 5 | Reliance Industries Ltd. | 5.06% |
| 6 | Sun Pharmaceutical Industries Ltd. | 4.86% |
| 7 | TVS Motor Company Ltd. | 4.85% |
| 8 | Larsen & Toubro Ltd. | 4.27% |
| 9 | Maruti Suzuki India Ltd. | 3.52% |
| 10 | NTPC Ltd. | 3.20% |