NAVI ELSS Tax Saver Nifty 50 Index Fund
Direct · GrowthAI Summary
This ELSS index fund tracks the NIFTY 50 closely, delivering positive alpha across all periods (0.78% over 1Y, 0.96% over 3Y) with a 3Y fund CAGR of 5.86% versus the benchmark's 4.9%. However, its SIP XIRR of 2.92% over 3Y and 3.76% over 1Y trails the category average SIP XIRR of 15.55% and 9.84% respectively, reflecting the weak recent performance of large-cap equities relative to the broader ELSS category. Lump-sum rolling returns are healthier, with a 3Y rolling mean of 8.98%.
The fund has a beta of nearly 1.0 (0.998 over 3Y) with downside capture of 99.24% and upside capture of 100.47%, meaning it mirrors index risk almost exactly while retaining a slight edge in both directions. It recorded 2 drawdown events exceeding 10%, with a maximum drawdown duration of 159 days and a recovery period of 237 days. Calmar ratios of 0.67 (1Y) and 0.58 (3Y) indicate modest risk-adjusted returns consistent with a pure large-cap index exposure.
As a NIFTY 50 index fund, the portfolio holds the 50 largest Indian companies in index weights, providing broad large-cap diversification across sectors with no active stock selection. Concentration is limited to index construction, with the largest weights in financials, IT, and energy leaders. There is no deviation risk from the index given the passive mandate and low 0.21% expense ratio.
Against the ELSS category, the fund's SIP XIRR significantly lags peers (2.92% vs 15.55% category average over 3Y), largely because active ELSS funds with mid-cap flexibility outperformed during periods when large-caps underperformed. However, its consistent positive alpha over the benchmark across 1Y to 15Y horizons (ranging from 0.22% to 0.96%) demonstrates reliable index-tracking efficiency. Calendar year returns show volatility typical of large-caps, from -13.21% in 2026 to +27.93% in 2023.
This fund suits investors seeking Section 80C tax benefits with a low-cost, transparent, passive large-cap core holding, ideally with a 3-5 year lock-in horizon and longer. It is appropriate for those who accept full index-level volatility and do not expect active outperformance, but want to minimize expense drag at 0.21%. Investors should be comfortable that SIP returns can trail active ELSS peers during large-cap underperformance phases.
- Very low expense ratio of 0.21% maximizes index returns
- Consistent positive alpha over NIFTY 50 across all periods from 1Y to 15Y
- Slight downside capture advantage (99.24% over 3Y) with near-perfect upside capture (100.47%)
- SIP XIRR of 2.92% (3Y) trails the ELSS category average of 15.55% by a wide margin
- Pure large-cap index exposure offers no downside protection or active mid-cap upside during weak large-cap markets
Generated on 13-10-2026, 3:13 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 | ₹12.46 L | 9.1% | -21.1% | 40.9% |
| 3 Years | ₹36.00 L | ₹37.65 L | 3.4% | -3.3% | 11.4% |
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 | 9.1% | 14.3% | 9.8% | -5.2% |
| 3 Years | 3.4% | 11.0% | 15.5% | -7.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 10.2% | 8.0% | -10.8% | 34.4% | 0.32 | 0.71 | 78% | — | — |
| 3 Years | 8.9% | 8.9% | 5.1% | 12.7% | 1.31 | 8.31 | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +0.76 | 1.00 | 100.5% | 99.5% | -10.7% | -11.4% |
| 3 Years | +0.97 | 1.00 | 100.5% | 99.2% | 6.2% | 5.3% |
| 5 Years | +0.71 | 1.00 | 100.4% | 99.1% | 6.7% | 5.9% |
| 7 Years | +0.49 | 1.00 | 100.4% | 99.1% | 4.7% | 4.2% |
| 10 Years | +0.33 | 1.00 | 100.4% | 99.1% | 3.3% | 2.9% |
| 12 Years | +0.28 | 1.00 | 100.4% | 99.1% | 2.7% | 2.4% |
| 15 Years | +0.22 | 1.00 | 100.4% | 99.1% | 2.2% | 1.9% |