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Mutual fund · ELSS

HDFC ELSS - Tax Saver Fund

₹14,949 cr across 61 positions, as filed for 2026-09-30. Returns are the fund's AMFI growth-plan NAV; holdings and behavior come from its filed monthly portfolios.

Returns, against the category

Q2 FY27: −8% over 1 year against the median ELSS fund's −2%.

OverQuarter1 year3 years (ann.)5 years (ann.)
HDFC ELSS - Tax Saver Fund−3%−8%+11%+12%
Median ELSS fund−3%−2%+9%+9%

1-year return at each quarter-end since Q3 FY24:

+33%Q3 FY24+46%Q4 FY24+46%Q1 FY25+48%Q2 FY25+21%Q3 FY25+13%Q4 FY25+9%Q1 FY260%Q2 FY26+10%Q3 FY26−4%Q4 FY26−5%Q1 FY27−8%Q2 FY27

What moved the fund, last 12 filed months

Contribution = the fund's filed weight each month × that stock's price move in its own filings, in percentage points of NAV. Corporate-action months are left out.

Helped

Stock12 monthsLatest month
Axis Bank Ltd.+1.6 pp−0.4 pp
State Bank of India+0.7 pp−0.4 pp
Kotak Mahindra Bank Limited+0.7 pp−0.0 pp
Bajaj Auto Limited+0.6 pp−0.2 pp
Eternal Limited+0.5 pp−0.1 pp

Hurt

Stock12 monthsLatest month
HDFC Bank Ltd.−2.4 pp−0.0 pp
Maruti Suzuki India Limited−0.9 pp−0.5 pp
Infosys Limited−0.7 pp−0.1 pp
Reliance Industries Ltd.−0.6 pp−0.2 pp
Cipla Ltd.−0.6 pp−0.0 pp

Holdings, as filed for 2026-09-30

HoldingSector% of fundValueHeld forVs avg cost
ICICI BankFinancial Services9.06%₹1,355 cr35 mo+40%
HDFC BankFinancial Services7.87%₹1,176 cr35 mo-8%
Axis BankFinancial Services6.56%₹981 cr35 mo+12%
Kotak Mahindra Bank LimitedFinancial Services4.88%₹730 cr34 mo+17%
State Bank of IndiaFinancial Services4.49%₹672 cr35 mo+44%
Bharti Airtel LimitedTelecommunication4.45%₹666 cr35 mo+61%
Maruti Suzuki India LimitedAutomobile and Auto Components4.40%₹658 cr33 mo+6%
SBI Life Insurance Company LimitedFinancial Services3.21%₹479 cr35 mo+18%
HCL Technologies LimitedInformation Technology2.94%₹440 cr35 mo-9%
Hyundai Motor India LimitedAutomobile and Auto Components2.72%₹406 cr24 mo+15%
Reliance Industries LimitedOil, Gas & Consumable Fuels2.64%₹395 cr35 mo-21%
Eternal LtdConsumer Services2.41%₹360 cr9 mo+26%
Bajaj AutoAutomobile and Auto Components1.88%₹280 cr35 mo+53%
Tata SteelMetals & Mining1.85%₹276 cr33 mo+31%
Britannia Industries LimitedFast Moving Consumer Goods1.69%₹253 cr10 mo-18%

Top 15 of 61 equity positions. "Vs avg cost" estimates the fund's gain on the position from its filing history.

How this fund actually behaves

Computed from every filed monthly portfolio (35 months of filings) by the research pipeline.

Holding patienceMedian months a position is held (25th–75th band)9 mo (3–22)
Win rate on exitsClosed positions sold above entry, and the payoff ratio (14 exits)36% · payoff 1.2×
Loser handlingCuts losers vs averages down, from 12 months of filingsAverages down
Entry valuation disciplineMedian P/E paid on entries over 36 months; share above 50×37× · 37% over 50×
Portfolio valuation todayWeighted P/E and P/B of the current book at filed prices34.0× P/E · 5.9× P/B · 2% loss-makers
ChurnStocks entered and exited in 12 months, of 61 positions21 in · 14 out
ConcentrationTop 10 holdings' share; effective number of positions51% · ~27 effective