Nippon India ELSS Tax Saver Fund
Direct · GrowthAI Summary
Nippon India ELSS Tax Saver Fund has delivered a 1Y SIP XIRR of 11.73% and a 3Y XIRR of 15.72%, beating the category averages of 9.56% and 14.54% respectively over those periods. However, over longer horizons the fund trails its peers, with a 5Y XIRR of 14.88% versus the category's 16.76% and a 10Y XIRR of 13.62% versus 15.77%. This suggests recent performance has strengthened, but long-term compounding has lagged the average ELSS peer.
The fund has experienced 7 drawdown events exceeding 10%, with calendar year returns showing sharp swings, from -19.64% in 2018 to 46.71% in 2017 and 84.09% in 2014. The Calmar ratio declines from 0.361 at 1Y to around 0.22-0.28 at longer horizons, indicating weaker risk-adjusted returns over extended periods. A max drawdown recovery period of 471 days highlights the patience required during correction phases.
The portfolio is concentrated in financials, with Banks alone at 24.4% of NAV and Finance adding another 7.9%, led by HDFC Bank (7.89%), ICICI Bank (7.03%), and Axis Bank (4.09%). With 60 total holdings and the top position under 8%, single-stock risk is well controlled, though sector-level dependence on banks remains meaningful. Diversification into Power, Beverages, Telecom, and Pharmaceuticals provides some ballast beyond financials.
The fund outperforms the category on 1Y and 3Y SIP XIRR but underperforms meaningfully on 5Y, 7Y, 10Y, and 12Y horizons, indicating a recent turnaround rather than sustained category leadership. Calendar-year results are volatile, with strong years like 2023 (28.53%) offset by weak ones like 2026 (-4.3%) and 2025 (6.67%). Investors seeking consistent category-beating long-term returns may find the track record uneven.
This fund suits investors who want Section 80C tax benefits through an ELSS while accepting moderate-to-high equity volatility, and who can commit to the mandatory 3-year lock-in and preferably a 7-10 year horizon. It fits those comfortable with bank-heavy sector tilts and fluctuating yearly returns. Conservative investors seeking steady long-term outperformance versus ELSS peers may prefer alternatives.
- Strong recent SIP performance with 1Y XIRR of 11.73% and 3Y XIRR of 15.72%, both ahead of category averages
- Diversified 60-stock portfolio with no single holding above 7.89% of NAV, limiting individual stock risk
- Direct plan TER of 1.04% is reasonable for the ELSS category, keeping costs contained
- Consistent underperformance versus category SIP XIRR over 5Y (14.88% vs 16.76%), 7Y, 10Y, and 12Y horizons
- Heavy sector concentration in Banks and Finance at roughly 32% combined, exposing the fund to financial sector downturns
Generated on 04-11-2026, 3:01 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 | ₹12.68 L | 20.1% | -63.1% | 152.6% |
| 3 Years | ₹36.00 L | ₹45.46 L | 13.6% | -31.1% | 33.8% |
| 5 Years | ₹60.00 L | ₹83.18 L | 12.5% | -16.3% | 29.6% |
| 7 Years | ₹84.00 L | ₹1.30 Cr | 12.3% | -5.8% | 22.2% |
| 10 Years | ₹1.20 Cr | ₹2.42 Cr | 13.6% | 10.2% | 17.2% |
| 12 Years | ₹1.44 Cr | ₹3.38 Cr | 13.4% | 11.0% | 16.0% |
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 | 20.1% | 9.5% |
| 3 Years | 13.6% | 14.5% |
| 5 Years | 12.5% | 16.8% |
| 7 Years | 12.3% | 15.8% |
| 10 Years | 13.6% | 15.8% |
| 12 Years | 13.4% | 15.3% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 18.7% | 9.8% | -38.5% | 115.3% | 0.41 | 1.24 | 76% | — | — |
| 3 Years | 14.2% | 15.3% | -13.9% | 38.0% | 0.73 | 1.63 | 90% | — | — |
| 5 Years | 12.6% | 11.4% | -6.3% | 29.6% | 0.79 | 2.62 | 95% | — | — |
| 10 Years | 13.2% | 12.7% | 8.7% | 17.8% | 3.10 | — | 100% | — | — |
Calmar Ratio by Duration
| # | Stock | % of NAV |
|---|---|---|
| 1 | HDFC Bank Limited | 7.96% |
| 2 | ICICI Bank Limited | 7.53% |
| 3 | Axis Bank Limited | 4.11% |
| 4 | State Bank of India | 3.38% |
| 5 | Samvardhana Motherson International Limited | 3.26% |
| 6 | Bharti Airtel Limited | 3.25% |
| 7 | NTPC Limited | 3.18% |
| 8 | Reliance Industries Limited | 2.76% |
| 9 | Eternal Limited | 2.71% |
| 10 | Divi's Laboratories Limited | 2.60% |