Samco ELSS Tax Saver Fund
Direct · GrowthAI Summary
Samco ELSS Tax Saver Fund has underperformed its category significantly on SIP XIRR, delivering 8.43% over 1Y and -0.37% over 3Y versus category averages of 17.08% and 15.16% respectively. Against the NIFTY 50, the fund shows mixed results: it beat the benchmark over 1Y (0.73% vs -2.9% CAGR) but lagged over 3Y (6.16% vs 7.75%). Longer-term lump-sum performance is marginally positive, with 5Y fund CAGR of 6.71% versus the benchmark's 5.94%.
The fund exhibits a low maximum drawdown of -0.30% with a 82-day duration and only one drawdown event above 10%, indicating contained recent downside. Its beta has declined from 1.02 (1Y) to 0.91 (5Y and beyond), with downside capture of 80.49% over longer windows, showing better-than-market resilience in falling markets. However, Calmar ratios of 0.27 (1Y) and 0.24 (3Y) suggest modest risk-adjusted returns given the weak recent performance.
The 34-stock portfolio is led by Coromandel International (6.8%) and Muthoot Finance (6.51%), with meaningful exposure to capital markets names like Nippon Life India AMC (5.8%). Sector allocation is diversified across Industrial Products (18.8%), Capital Markets (13.9%), Finance (8.9%), and Pharma (8.9%), avoiding heavy reliance on large-cap IT or energy staples. The top 10 holdings account for roughly 42% of NAV, indicating a moderately concentrated but reasonably spread book.
The fund trails the ELSS category badly on SIP XIRR across all horizons, with a 3Y gap of over 15 percentage points (-0.37% vs 15.16%), placing it in the bottom tier of peers. Calendar year returns are inconsistent, swinging from 35.66% in 2023 to -12.1% in 2025. Its only relative bright spot is the 1Y period, where it outperformed the NIFTY 50 with positive alpha of 3.81%.
This fund suits tax-saving investors with a high risk tolerance who can accept significant underperformance versus category peers, given the mandatory 3-year ELSS lock-in. A longer horizon of 7-10 years is advisable to allow the fund's favorable downside capture profile to play out. Investors prioritizing consistent category-beating returns should consider established ELSS alternatives before committing SIPs here.
- Consistent downside protection with 80.49% downside capture and beta of 0.91 over 5Y and longer windows
- Low maximum drawdown of -0.30% with only one drawdown event exceeding 10%
- Diversified 34-stock portfolio with differentiated exposure to agrochemicals, capital markets, and mid-cap industrials
- Severe SIP XIRR underperformance versus category: -0.37% over 3Y versus the 15.16% category average
- Inconsistent calendar-year returns, including -12.1% in 2025 and 0.0% in 2022, with negative 3Y alpha of -1.56% versus the NIFTY 50
Generated on 10-09-2026, 3:09 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 | ₹12.23 L | 8.4% | -42.5% | 51.0% |
| 3 Years | ₹36.00 L | ₹35.76 L | -0.4% | -9.0% | 5.3% |
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 | 8.4% | 14.4% | 17.1% | -6.0% |
| 3 Years | -0.4% | 11.1% | 15.2% | -11.5% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 8.0% | 0.1% | -18.8% | 40.9% | 0.08 | 0.14 | 50% | — | — |
| 3 Years | 7.2% | 7.1% | 4.8% | 10.2% | 0.54 | 1.48 | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +3.81 | 1.02 | 99.7% | 93.8% | 0.7% | -2.9% |
| 3 Years | -1.56 | 0.98 | 91.6% | 91.8% | 6.2% | 7.8% |
| 5 Years | +0.72 | 0.91 | 84.8% | 80.5% | 6.7% | 5.9% |
| 7 Years | +0.34 | 0.91 | 84.8% | 80.5% | 4.8% | 4.2% |
| 10 Years | +0.05 | 0.91 | 84.8% | 80.5% | 3.3% | 2.9% |
| 12 Years | -0.06 | 0.91 | 84.8% | 80.5% | 2.7% | 2.4% |
| 15 Years | -0.17 | 0.91 | 84.8% | 80.5% | 2.2% | 1.9% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Coromandel International Limited | 6.80% |
| 2 | Muthoot Finance Limited | 6.51% |
| 3 | Nippon Life India Asset Management Limited | 5.80% |
| 4 | Karur Vysya Bank Limited | 4.16% |
| 5 | Cummins India Limited | 3.31% |
| 6 | JB Chemicals & Pharmaceuticals Limited | 3.24% |
| 7 | Godawari Power And Ispat limited | 3.17% |
| 8 | Aditya Birla Sun Life AMC Limited | 3.09% |
| 9 | APL Apollo Tubes Limited | 2.92% |
| 10 | eClerx Services Limited | 2.90% |