Quant ELSS Tax Saver Fund
Direct · GrowthAI Summary
Quant ELSS Tax Saver Fund has delivered strong SIP XIRR across all horizons, ranging from 22.08% (12Y) to 26.71% (1Y), consistently outperforming category averages by roughly 6-8 percentage points (e.g., 23.36% vs 15.16% over 3Y). Against the NIFTY 50, the fund has generated substantial alpha of 9.06% to 18.92% across 1Y to 5Y periods, with lump-sum CAGRs of 15.97% to 26.63% versus benchmark returns of -2.9% to 11.81%. The fund's 1Y lump-sum CAGR of 15.97% against a benchmark decline of -2.9% highlights its strong relative performance in recent conditions.
The fund shows a maximum drawdown of just -0.36% with a 59-day duration and 122-day recovery, though it has experienced 12 drawdown events exceeding 10%, indicating periodic significant corrections. Downside capture has been consistently favorable, at 84.16% over 1Y and 82.67% over 12Y, meaning the fund has fallen considerably less than the benchmark in down markets. Calmar ratios of 0.63-0.70 across horizons reflect solid risk-adjusted returns, supported by betas below 1.0 over longer periods (0.88 at 12Y, 0.85 at 15Y).
The top 10 holdings account for roughly 63.7% of the portfolio across 29 total stocks, led by ICICI Bank (10.19%), Samvardhana Motherson (8.47%), and Adani Power (8.26%). Power is the largest sector exposure at 20.0%, followed by IT-Software (13.4%) and Banks (11.2%), indicating meaningful concentration in cyclical and infrastructure-linked themes. The presence of both Adani Power and Adani Green Energy (combined 13.33%) creates notable single-group exposure that investors should be aware of.
The fund has outperformed category average SIP XIRR at every measured horizon, with the widest gaps over 3Y (23.36% vs 15.16%) and 1Y (26.71% vs 17.08%). Calendar year returns show strong consistency in up markets, including 62.17% in 2021, 59.52% in 2014, and 49.84% in 2020, though modest returns in 2024-2026 (7.43%-9.91%) suggest recent moderation. Its long-term alpha of 8.73% to 11.58% over 7Y to 15Y periods demonstrates sustained outperformance rather than a short-term anomaly.
This fund suits investors seeking Section 80C tax benefits through ELSS with a high risk tolerance and an investment horizon of at least 5-7 years, given its concentrated, high-conviction style. It is appropriate for those comfortable with sector concentration in power and cyclical names and with the volatility implied by 12 drawdown events exceeding 10%. SIP investors with a long-term outlook are best positioned, as the fund's strong XIRR figures reflect disciplined investing through market cycles.
- Consistent outperformance versus category average SIP XIRR at every horizon, with a 3Y XIRR of 23.36% versus the category's 15.16%
- Strong and persistent alpha against NIFTY 50, including 18.92% over 1Y and 9.06% over 5Y, with favorable downside capture of 82.67% over 12Y
- Low beta below 1.0 over longer horizons (0.88 at 12Y, 0.85 at 15Y) combined with upside capture near or above 100%, indicating efficient risk-taking
- High sector concentration in Power at 20.0% of the portfolio, plus combined Adani group exposure of 13.33% across two holdings
- Recent calendar year returns have moderated to 7.43%-9.91% in 2024-2026, well below the fund's long-term averages, and the fund has recorded 12 drawdown events exceeding 10%
Generated on 06-09-2026, 7:54 PM. 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 | ₹13.00 L | 26.7% | -56.4% | 131.9% |
| 3 Years | ₹36.00 L | ₹49.02 L | 23.4% | -22.3% | 62.5% |
| 5 Years | ₹60.00 L | ₹1.03 Cr | 23.3% | -7.8% | 40.8% |
| 7 Years | ₹84.00 L | ₹2.04 Cr | 24.4% | 1.4% | 34.1% |
| 10 Years | ₹1.20 Cr | ₹4.06 Cr | 24.0% | 19.2% | 28.5% |
| 12 Years | ₹1.44 Cr | ₹5.99 Cr | 22.1% | 19.3% | 24.9% |
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 | 26.7% | 14.4% | 17.1% | +12.3% |
| 3 Years | 23.4% | 11.1% | 15.2% | +12.3% |
| 5 Years | 23.3% | 10.4% | 16.3% | +12.9% |
| 7 Years | 24.4% | 10.6% | 15.8% | +13.8% |
| 10 Years | 24.0% | 11.5% | 16.1% | +12.5% |
| 12 Years | 22.1% | 11.4% | 15.6% | +10.7% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 25.4% | 16.9% | -31.2% | 160.3% | 0.63 | 3.19 | 84% | — | — |
| 3 Years | 23.5% | 21.8% | -6.6% | 55.8% | 1.52 | 13.91 | 99% | — | — |
| 5 Years | 23.4% | 23.2% | 1.9% | 42.1% | 2.30 | 62.65 | 100% | — | — |
| 10 Years | 23.0% | 22.2% | 18.7% | 27.7% | 7.37 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +18.92 | 1.00 | 107.9% | 84.2% | 16.0% | -2.9% |
| 3 Years | +9.37 | 1.06 | 110.4% | 99.3% | 17.2% | 7.8% |
| 5 Years | +9.06 | 1.07 | 109.7% | 99.5% | 17.0% | 7.8% |
| 7 Years | +15.36 | 0.90 | 100.5% | 85.8% | 26.6% | 11.8% |
| 10 Years | +9.44 | 0.91 | 98.2% | 87.6% | 19.8% | 10.8% |
| 12 Years | +11.58 | 0.88 | 95.7% | 82.7% | 21.0% | 9.8% |
| 15 Years | +8.73 | 0.85 | 92.1% | 81.0% | 18.0% | 9.7% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Limited | 9.85% |
| 2 | Samvardhana Motherson International Ltd | 9.54% |
| 3 | Aurobindo Pharma Limited | 8.49% |
| 4 | Adani Power Limited | 7.70% |
| 5 | Adani Green Energy Limited | 4.43% |
| 6 | ICICI Prudential AMC Ltd | 4.40% |
| 7 | Bharti Airtel Limited | 4.20% |
| 8 | Adani Energy Solutions Limited | 4.13% |
| 9 | Tata Power Company Limited | 4.12% |
| 10 | Bharat Heavy Electricals Ltd | 3.87% |