Kotak ELSS Tax Saver Fund
Direct · GrowthAI Summary
Kotak ELSS Tax Saver Fund has delivered strong SIP XIRR across all horizons, beating category averages at every period — 12Y XIRR of 16.14% vs 15.16% for the category, and 10Y XIRR of 17.02% vs 15.82%. Against the NIFTY 50, the fund shows meaningful alpha at every window, including 6.56% in 1Y and 5.38% in 5Y, with a declining beta (0.90-0.90 over 10-15Y) indicating reduced market sensitivity. Recent calendar-year returns have been weaker, with -4.45% in 2026 and 2.48% in 2025, reflecting a softer recent stretch.
The fund displays favorable downside behavior, with downside capture below 100% across all windows (87.68% at 10Y) against upside capture near 92-101%, meaning it loses less than the index in falling markets. Average drawdowns are shallow at -0.053%, and the maximum drawdown of about -0.36% recovered within roughly 233 days. Sticky risk-adjusted quality is evident in stable Calmar ratios of 0.44-0.50 across all durations.
Holdings-level portfolio data was not provided in this dataset, so top holdings, sector allocation, and concentration cannot be assessed directly. As an ELSS scheme, the fund must hold at least 80% in equity. Investors should review the latest factsheet for portfolio specifics.
The fund consistently outperforms category SIP XIRR averages at every horizon, from 1Y (10.9% vs 9.76%) through 15Y, indicating durable peer leadership. It has also maintained positive alpha versus NIFTY 50 across all measured periods from 1Y through 15Y, showing consistency rather than a one-off spike. Long-run lump-sum CAGRs of 13.27-15.17% versus benchmark 9.03-10.33% reinforce this record.
The fund suits investors seeking tax deduction under Section 80C along with long-term equity growth, given the mandatory 3-year lock-in. Its steady alpha and modest downside capture fit investors with moderate risk tolerance and a horizon of 7+ years. SIP investors in particular benefit from the demonstrated above-category XIRR at all term lengths.
- Consistent alpha over NIFTY 50 across every measured window from 1Y to 15Y, including 6.56% in 1Y and 5.38% in 5Y
- Downside capture consistently below 100% (e.g., 85.85% at 7Y) while sustaining 92-100% upside capture
- SIP XIRR beats category averages at all horizons: 17.02% vs 15.82% at 10Y and 16.14% vs 15.16% at 12Y
- Weak recent calendar-year returns of 2.48% in 2025 and -4.45% in 2026 signal momentum loss
- Recovery from maximum drawdown took 233 days, and no holdings or sector data were provided to evaluate concentration risk
Generated on 03-11-2026, 4:36 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 | ₹12.84 L | 19.3% | -53.3% | 89.2% |
| 3 Years | ₹36.00 L | ₹45.73 L | 16.4% | -17.6% | 34.1% |
| 5 Years | ₹60.00 L | ₹90.54 L | 16.4% | -5.2% | 28.8% |
| 7 Years | ₹84.00 L | ₹1.53 Cr | 16.7% | 2.1% | 24.2% |
| 10 Years | ₹1.20 Cr | ₹2.89 Cr | 17.0% | 13.3% | 20.6% |
| 12 Years | ₹1.44 Cr | ₹4.10 Cr | 16.2% | 13.5% | 19.3% |
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 | 19.3% | 14.3% | 9.7% | +5.0% |
| 3 Years | 16.4% | 11.0% | 15.5% | +5.4% |
| 5 Years | 16.4% | 10.4% | 16.8% | +6.0% |
| 7 Years | 16.7% | 10.6% | 15.3% | +6.1% |
| 10 Years | 17.0% | 11.4% | 15.8% | +5.6% |
| 12 Years | 16.2% | 11.3% | 15.2% | +4.9% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 18.3% | 13.4% | -26.7% | 91.1% | 0.58 | 2.13 | 85% | — | — |
| 3 Years | 17.0% | 17.1% | -4.2% | 34.8% | 1.65 | 8.91 | 99% | — | — |
| 5 Years | 16.6% | 16.9% | 1.3% | 29.3% | 2.17 | 27.13 | 100% | — | — |
| 10 Years | 16.7% | 16.2% | 13.1% | 20.1% | 5.87 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +6.23 | 0.99 | 101.1% | 92.6% | -1.3% | -7.6% |
| 3 Years | +4.19 | 1.00 | 100.6% | 95.3% | 11.6% | 7.4% |
| 5 Years | +5.25 | 0.96 | 97.4% | 90.8% | 11.2% | 6.0% |
| 7 Years | +5.57 | 0.89 | 92.0% | 85.8% | 15.5% | 10.4% |
| 10 Years | +3.75 | 0.90 | 92.3% | 87.7% | 14.2% | 10.9% |
| 12 Years | +5.03 | 0.91 | 93.3% | 87.3% | 13.9% | 9.2% |
| 15 Years | +4.18 | 0.91 | 93.2% | 87.8% | 13.5% | 9.6% |