Best ELSS Mutual Funds for Investment of 2024

Updated on August 29, 2026 , 1344 views

Best elss Funds or Equity Linked Savings Schemes are equity diversified Mutual Funds that majorly invest in equity-linked instruments (like shares and stocks) to provide Market-linked returns. Typically, 80% of the fund corpus is invested in equity and the remaining in debt instruments. Best ELSS funds are also known as the tax saving Mutual Funds as they offer tax benefits under Section 80C of the income tax Act. for year 2024 best funds are listed below as per their performance.

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Top 10 ELSS Funds 2024 Based on Performance

Fund	NAV	Net Assets (Cr)	2025 (%)	2024 (%)	2023 (%)	2022 (%)	2021 (%)
HDFC Tax Saver Fund Growth	₹1,390.78 ↓ -0.84	₹16,095	10.3	21.3	33.2	10.5	35.3
ICICI Prudential Long Term Equity Fund (Tax Saving) Growth	₹945.74 ↑ 4.11	₹14,292	9.9	16.4	23.2	2.3	33.7
Mirae Asset Tax Saver Fund Growth	₹51.003 ↓ -0.01	₹26,373	9.7	17.2	27	0.1	35.3
Aditya Birla Sun Life Tax Relief '96 Growth	₹62.21 ↓ -0.18	₹14,660	9.3	16.4	18.9	-1.4	12.7
Bandhan Tax Advantage (ELSS) Fund Growth	₹155.853 ↓ -0.31	₹6,911	8	13.1	28.3	4.2	49.2
Mahindra Mutual Fund Kar Bachat Yojana Growth	₹27.7361 ↓ -0.07	₹904	7.5	12.3	25.8	2	39.4
DSP Tax Saver Fund Growth	₹139.905 ↑ 0.11	₹16,738	7.5	23.9	30	4.5	35.1
Sundaram Diversified Equity Fund Growth	₹211.877 ↓ -0.07	₹1,303	7.1	12	23.3	4	31.5
Edelweiss Long Term Equity Fund Growth	₹118.2 ↑ 0.05	₹455	6.7	20	26.8	-0.1	30.4
SBI Magnum Tax Gain Fund Growth	₹431.828 ↓ -2.24	₹32,300	6.6	27.7	40	6.9	31
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Aug 26

Research Highlights & Commentary of 10 Funds showcased

Commentary	HDFC Tax Saver Fund	ICICI Prudential Long Term Equity Fund (Tax Saving)	Mirae Asset Tax Saver Fund	Aditya Birla Sun Life Tax Relief '96	Bandhan Tax Advantage (ELSS) Fund	Mahindra Mutual Fund Kar Bachat Yojana	DSP Tax Saver Fund	Sundaram Diversified Equity Fund	Edelweiss Long Term Equity Fund	SBI Magnum Tax Gain Fund
Point 1	Upper mid AUM (₹16,095 Cr).	Lower mid AUM (₹14,292 Cr).	Top quartile AUM (₹26,373 Cr).	Upper mid AUM (₹14,660 Cr).	Lower mid AUM (₹6,911 Cr).	Bottom quartile AUM (₹904 Cr).	Upper mid AUM (₹16,738 Cr).	Bottom quartile AUM (₹1,303 Cr).	Bottom quartile AUM (₹455 Cr).	Highest AUM (₹32,300 Cr).
Point 2	Oldest track record among peers (30 yrs).	Established history (27+ yrs).	Established history (10+ yrs).	Established history (18+ yrs).	Established history (17+ yrs).	Established history (9+ yrs).	Established history (19+ yrs).	Established history (26+ yrs).	Established history (17+ yrs).	Established history (19+ yrs).
Point 3	Rating: 2★ (upper mid).	Rating: 2★ (lower mid).	Not Rated.	Rating: 4★ (top quartile).	Top rated.	Not Rated.	Rating: 4★ (upper mid).	Rating: 3★ (upper mid).	Rating: 2★ (lower mid).	Rating: 2★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 14.63% (top quartile).	5Y return: 10.30% (lower mid).	5Y return: 10.95% (lower mid).	5Y return: 8.43% (bottom quartile).	5Y return: 11.56% (upper mid).	5Y return: 8.76% (bottom quartile).	5Y return: 11.73% (upper mid).	5Y return: 7.96% (bottom quartile).	5Y return: 11.28% (upper mid).	5Y return: 14.95% (top quartile).
Point 6	3Y return: 14.24% (top quartile).	3Y return: 12.04% (lower mid).	3Y return: 12.89% (upper mid).	3Y return: 11.97% (lower mid).	3Y return: 9.68% (bottom quartile).	3Y return: 8.25% (bottom quartile).	3Y return: 13.88% (upper mid).	3Y return: 7.31% (bottom quartile).	3Y return: 13.80% (upper mid).	3Y return: 14.90% (top quartile).
Point 7	1Y return: -0.49% (bottom quartile).	1Y return: 2.38% (lower mid).	1Y return: 6.88% (top quartile).	1Y return: 4.12% (upper mid).	1Y return: 4.84% (upper mid).	1Y return: -1.02% (bottom quartile).	1Y return: 3.89% (upper mid).	1Y return: -3.14% (bottom quartile).	1Y return: 10.61% (top quartile).	1Y return: 1.55% (lower mid).
Point 8	Alpha: -4.53 (bottom quartile).	Alpha: -1.73 (lower mid).	Alpha: 0.95 (top quartile).	Alpha: -0.45 (upper mid).	Alpha: 0.89 (upper mid).	Alpha: -5.52 (bottom quartile).	Alpha: -2.47 (lower mid).	Alpha: -7.12 (bottom quartile).	Alpha: 3.50 (top quartile).	Alpha: -1.69 (upper mid).
Point 9	Sharpe: -0.33 (bottom quartile).	Sharpe: -0.15 (upper mid).	Sharpe: 0.01 (top quartile).	Sharpe: -0.07 (upper mid).	Sharpe: -0.29 (lower mid).	Sharpe: -0.39 (bottom quartile).	Sharpe: -0.18 (lower mid).	Sharpe: -0.44 (bottom quartile).	Sharpe: 0.17 (top quartile).	Sharpe: -0.16 (upper mid).
Point 10	Information ratio: 0.48 (upper mid).	Information ratio: -0.08 (lower mid).	Information ratio: 0.23 (upper mid).	Information ratio: -0.18 (lower mid).	Information ratio: -0.51 (bottom quartile).	Information ratio: -1.20 (bottom quartile).	Information ratio: 0.50 (top quartile).	Information ratio: -1.43 (bottom quartile).	Information ratio: 0.19 (upper mid).	Information ratio: 1.01 (top quartile).

HDFC Tax Saver Fund

Upper mid AUM (₹16,095 Cr).
Oldest track record among peers (30 yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 14.63% (top quartile).
3Y return: 14.24% (top quartile).
1Y return: -0.49% (bottom quartile).
Alpha: -4.53 (bottom quartile).
Sharpe: -0.33 (bottom quartile).
Information ratio: 0.48 (upper mid).

ICICI Prudential Long Term Equity Fund (Tax Saving)

Lower mid AUM (₹14,292 Cr).
Established history (27+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 10.30% (lower mid).
3Y return: 12.04% (lower mid).
1Y return: 2.38% (lower mid).
Alpha: -1.73 (lower mid).
Sharpe: -0.15 (upper mid).
Information ratio: -0.08 (lower mid).

Mirae Asset Tax Saver Fund

Top quartile AUM (₹26,373 Cr).
Established history (10+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 10.95% (lower mid).
3Y return: 12.89% (upper mid).
1Y return: 6.88% (top quartile).
Alpha: 0.95 (top quartile).
Sharpe: 0.01 (top quartile).
Information ratio: 0.23 (upper mid).

Aditya Birla Sun Life Tax Relief '96

Upper mid AUM (₹14,660 Cr).
Established history (18+ yrs).
Rating: 4★ (top quartile).
Risk profile: Moderately High.
5Y return: 8.43% (bottom quartile).
3Y return: 11.97% (lower mid).
1Y return: 4.12% (upper mid).
Alpha: -0.45 (upper mid).
Sharpe: -0.07 (upper mid).
Information ratio: -0.18 (lower mid).

Bandhan Tax Advantage (ELSS) Fund

Lower mid AUM (₹6,911 Cr).
Established history (17+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 11.56% (upper mid).
3Y return: 9.68% (bottom quartile).
1Y return: 4.84% (upper mid).
Alpha: 0.89 (upper mid).
Sharpe: -0.29 (lower mid).
Information ratio: -0.51 (bottom quartile).

Mahindra Mutual Fund Kar Bachat Yojana

Bottom quartile AUM (₹904 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 8.76% (bottom quartile).
3Y return: 8.25% (bottom quartile).
1Y return: -1.02% (bottom quartile).
Alpha: -5.52 (bottom quartile).
Sharpe: -0.39 (bottom quartile).
Information ratio: -1.20 (bottom quartile).

DSP Tax Saver Fund

Upper mid AUM (₹16,738 Cr).
Established history (19+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 11.73% (upper mid).
3Y return: 13.88% (upper mid).
1Y return: 3.89% (upper mid).
Alpha: -2.47 (lower mid).
Sharpe: -0.18 (lower mid).
Information ratio: 0.50 (top quartile).

Sundaram Diversified Equity Fund

Bottom quartile AUM (₹1,303 Cr).
Established history (26+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 7.96% (bottom quartile).
3Y return: 7.31% (bottom quartile).
1Y return: -3.14% (bottom quartile).
Alpha: -7.12 (bottom quartile).
Sharpe: -0.44 (bottom quartile).
Information ratio: -1.43 (bottom quartile).

Edelweiss Long Term Equity Fund

Bottom quartile AUM (₹455 Cr).
Established history (17+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 11.28% (upper mid).
3Y return: 13.80% (upper mid).
1Y return: 10.61% (top quartile).
Alpha: 3.50 (top quartile).
Sharpe: 0.17 (top quartile).
Information ratio: 0.19 (upper mid).

SBI Magnum Tax Gain Fund

Highest AUM (₹32,300 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 14.95% (top quartile).
3Y return: 14.90% (top quartile).
1Y return: 1.55% (lower mid).
Alpha: -1.69 (upper mid).
Sharpe: -0.16 (upper mid).
Information ratio: 1.01 (top quartile).

Top Performing Best ELSS Funds

1. HDFC Tax Saver Fund

The fund plans to provide long term growth of capital.

Research Highlights for HDFC Tax Saver Fund

Upper mid AUM (₹16,095 Cr).
Oldest track record among peers (30 yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 14.63% (top quartile).
3Y return: 14.24% (top quartile).
1Y return: -0.49% (bottom quartile).
Alpha: -4.53 (bottom quartile).
Sharpe: -0.33 (bottom quartile).
Information ratio: 0.48 (upper mid).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
High-quality debt (AAA/AA ~100%).
Largest holding ICICI Bank Ltd (~9.1%).

Below is the key information for HDFC Tax Saver Fund

HDFC Tax Saver Fund Growth
Launch Date	31 Mar 96
NAV (31 Aug 26)	₹1,390.78 ↓ -0.84 (-0.06 %)
Net Assets (Cr)	₹16,095 on 31 Jul 26
Category	Equity - ELSS
AMC	HDFC Asset Management Company Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.7
Sharpe Ratio	-0.33
Information Ratio	0.48
Alpha Ratio	-4.53
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹11,227
31 Aug 23	₹13,273
31 Aug 24	₹19,633
31 Aug 25	₹19,890
31 Aug 26	₹19,791

HDFC Tax Saver Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 Invest Now

Returns for HDFC Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Aug 26

Duration	Returns
1 Month	0.1%
3 Month	5.3%
6 Month	-2.4%
1 Year	-0.5%
3 Year	14.2%
5 Year	14.6%
10 Year
15 Year
Since launch

Historical performance (Yearly) on absolute basis

Year	Returns
2025	10.3%
2024	21.3%
2023	33.2%
2022	10.5%
2021	35.3%
2020	5.8%
2019	3.7%
2018	-10.9%
2017	38.7%
2016	7.6%

Fund Manager information for HDFC Tax Saver Fund

Name	Since	Tenure
Amar Kalkundrikar	8 Dec 25	0.65 Yr.
Dhruv Muchhal	22 Jun 23	3.11 Yr.

Data below for HDFC Tax Saver Fund as on 31 Jul 26

Equity Sector Allocation

Sector	Value
Financial Services	41.27%
Consumer Cyclical	17.75%
Health Care	8.19%
Technology	6.72%
Industrials	6.66%
Communication Services	4.64%
Consumer Defensive	4.49%
Basic Materials	4.37%
Energy	2.7%
Utility	1.77%

Asset Allocation

Asset Class	Value
Cash	1.13%
Equity	98.55%
Debt	0.31%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	9%	₹1,471 Cr	10,250,000 ↓ -750,000
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 15 \| HDFCBANK	8%	₹1,242 Cr	16,600,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Oct 18 \| 532215	6%	₹984 Cr	8,000,000 ↓ -863,395
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 31 Jan 24 \| MARUTI	5%	₹783 Cr	550,000
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Nov 19 \| BHARTIARTL	5%	₹747 Cr	3,788,193
State Bank of India (Financial Services) Equity, Since 31 Dec 06 \| SBIN	4%	₹719 Cr	7,000,000
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Dec 23 \| KOTAKBANK	4%	₹683 Cr	17,500,000
SBI Life Insurance Co Ltd (Financial Services) Equity, Since 31 Jan 22 \| SBILIFE	3%	₹562 Cr	2,988,654
HCL Technologies Ltd (Technology) Equity, Since 30 Sep 20 \| HCLTECH	3%	₹482 Cr	3,575,000
Hyundai Motor India Ltd (Consumer Cyclical) Equity, Since 31 Oct 24 \| HYUNDAI	3%	₹436 Cr	2,000,000

2. ICICI Prudential Long Term Equity Fund (Tax Saving)

To generate long-term capital appreciation through investments made primarily in equity and equity related securities of companies.

Research Highlights for ICICI Prudential Long Term Equity Fund (Tax Saving)

Lower mid AUM (₹14,292 Cr).
Established history (27+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 10.30% (lower mid).
3Y return: 12.04% (lower mid).
1Y return: 2.38% (lower mid).
Alpha: -1.73 (lower mid).
Sharpe: -0.15 (upper mid).
Information ratio: -0.08 (lower mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
High-quality debt (AAA/AA ~100%).
Largest holding ICICI Bank Ltd (~8.1%).

Below is the key information for ICICI Prudential Long Term Equity Fund (Tax Saving)

ICICI Prudential Long Term Equity Fund (Tax Saving) Growth
Launch Date	19 Aug 99
NAV (31 Aug 26)	₹945.74 ↑ 4.11 (0.44 %)
Net Assets (Cr)	₹14,292 on 31 Jul 26
Category	Equity - ELSS
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.72
Sharpe Ratio	-0.15
Information Ratio	-0.08
Alpha Ratio	-1.73
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹10,327
31 Aug 23	₹11,607
31 Aug 24	₹16,084
31 Aug 25	₹15,946
31 Aug 26	₹16,326

ICICI Prudential Long Term Equity Fund (Tax Saving) SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 Invest Now

Returns for ICICI Prudential Long Term Equity Fund (Tax Saving)

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Aug 26

Duration	Returns
1 Month	0.2%
3 Month	5.6%
6 Month	0.8%
1 Year	2.4%
3 Year	12%
5 Year	10.3%
10 Year
15 Year
Since launch	18.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	9.9%
2024	16.4%
2023	23.2%
2022	2.3%
2021	33.7%
2020	13.6%
2019	8.8%
2018	0.5%
2017	26%
2016	3.9%

Fund Manager information for ICICI Prudential Long Term Equity Fund (Tax Saving)

Name	Since	Tenure
Mittul Kalawadia	18 Sep 23	2.95 Yr.
Priyanka Khandelwal	2 Mar 26	0.5 Yr.
Sharmila D'Silva	31 Jul 22	4.09 Yr.

Data below for ICICI Prudential Long Term Equity Fund (Tax Saving) as on 31 Jul 26

Equity Sector Allocation

Sector	Value
Financial Services	29.33%
Consumer Cyclical	20.86%
Industrials	9.25%
Health Care	8.27%
Consumer Defensive	6.05%
Energy	5.77%
Basic Materials	5.37%
Technology	4.12%
Communication Services	3.63%
Utility	3.56%
Real Estate	1.53%

Asset Allocation

Asset Class	Value
Cash	2.25%
Equity	97.75%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Dec 18 \| ICICIBANK	8%	₹1,158 Cr	8,065,055
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 17 \| HDFCBANK	7%	₹1,032 Cr	13,797,293
Axis Bank Ltd (Financial Services) Equity, Since 30 Nov 18 \| 532215	5%	₹769 Cr	6,250,772
Reliance Industries Ltd (Energy) Equity, Since 31 May 20 \| RELIANCE	5%	₹741 Cr	5,665,349
Avenue Supermarts Ltd (Consumer Defensive) Equity, Since 29 Feb 20 \| 540376	5%	₹724 Cr	1,846,866 ↑ 110,544
TVS Motor Co Ltd (Consumer Cyclical) Equity, Since 31 Dec 22 \| 532343	5%	₹716 Cr	1,659,277
Sun Pharmaceuticals Industries Ltd (Healthcare) Equity, Since 31 May 17 \| SUNPHARMA	5%	₹697 Cr	3,500,914 ↓ -411,277
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Oct 18 \| LT	4%	₹634 Cr	1,608,689 ↓ -30,000
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 28 Feb 18 \| MARUTI	4%	₹529 Cr	371,642
NTPC Ltd (Utilities) Equity, Since 31 Oct 23 \| 532555	3%	₹485 Cr	13,975,435

3. Mirae Asset Tax Saver Fund

The investment objective of the scheme is to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. The Scheme does not guarantee or assure any returns.

Research Highlights for Mirae Asset Tax Saver Fund

Top quartile AUM (₹26,373 Cr).
Established history (10+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 10.95% (lower mid).
3Y return: 12.89% (upper mid).
1Y return: 6.88% (top quartile).
Alpha: 0.95 (top quartile).
Sharpe: 0.01 (top quartile).
Information ratio: 0.23 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding HDFC Bank Ltd (~8.9%).

Below is the key information for Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund Growth
Launch Date	28 Dec 15
NAV (31 Aug 26)	₹51.003 ↓ -0.01 (-0.01 %)
Net Assets (Cr)	₹26,373 on 31 Jul 26
Category	Equity - ELSS
AMC	Mirae Asset Global Inv (India) Pvt. Ltd
Rating	Not Rated
Risk	Moderately High
Expense Ratio	1.15
Sharpe Ratio	0.01
Information Ratio	0.23
Alpha Ratio	0.95
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹10,239
31 Aug 23	₹11,686
31 Aug 24	₹16,174
31 Aug 25	₹15,732
31 Aug 26	₹16,814

Mirae Asset Tax Saver Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 Invest Now

Returns for Mirae Asset Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Aug 26

Duration	Returns
1 Month	0.6%
3 Month	5.2%
6 Month	2.8%
1 Year	6.9%
3 Year	12.9%
5 Year	11%
10 Year
15 Year
Since launch	16.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	9.7%
2024	17.2%
2023	27%
2022	0.1%
2021	35.3%
2020	21.5%
2019	14.1%
2018	-2.3%
2017	47.9%
2016	14.8%

Fund Manager information for Mirae Asset Tax Saver Fund

Name	Since	Tenure
Neelesh Surana	28 Dec 15	10.68 Yr.

Data below for Mirae Asset Tax Saver Fund as on 31 Jul 26

Equity Sector Allocation

Sector	Value
Financial Services	34.29%
Consumer Cyclical	15.87%
Health Care	11.53%
Industrials	8.31%
Basic Materials	7.93%
Energy	6.03%
Technology	5.08%
Communication Services	4.35%
Utility	2.23%
Consumer Defensive	2.03%
Real Estate	1.34%

Asset Allocation

Asset Class	Value
Cash	0.85%
Equity	99.15%
Other	0%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 15 \| HDFCBANK	9%	₹2,350 Cr	31,405,641 ↑ 199,999
ICICI Bank Ltd (Financial Services) Equity, Since 31 Dec 15 \| ICICIBANK	5%	₹1,388 Cr	9,672,929
Laurus Labs Ltd (Healthcare) Equity, Since 31 Jul 25 \| 540222	5%	₹1,202 Cr	6,619,302 ↓ -175,000
Reliance Industries Ltd (Energy) Equity, Since 31 Dec 15 \| RELIANCE	4%	₹1,178 Cr	9,010,648 ↓ -400,000
State Bank of India (Financial Services) Equity, Since 31 Dec 15 \| SBIN	4%	₹1,083 Cr	10,541,701
Axis Bank Ltd (Financial Services) Equity, Since 31 Jan 18 \| 532215	3%	₹904 Cr	7,356,346 ↑ 1,320,000
PB Fintech Ltd (Financial Services) Equity, Since 31 Aug 24 \| POLICYBZR	3%	₹739 Cr	4,613,761 ↑ 523,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 May 20 \| BHARTIARTL	3%	₹702 Cr	3,558,709
Infosys Ltd (Technology) Equity, Since 31 Dec 15 \| INFY	2%	₹650 Cr	5,753,337
Delhivery Ltd (Industrials) Equity, Since 30 Jun 22 \| DELHIVERY	2%	₹641 Cr	13,290,550

4. Aditya Birla Sun Life Tax Relief '96

An Open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity, 20% debt and money market securities

Research Highlights for Aditya Birla Sun Life Tax Relief '96

Upper mid AUM (₹14,660 Cr).
Established history (18+ yrs).
Rating: 4★ (top quartile).
Risk profile: Moderately High.
5Y return: 8.43% (bottom quartile).
3Y return: 11.97% (lower mid).
1Y return: 4.12% (upper mid).
Alpha: -0.45 (upper mid).
Sharpe: -0.07 (upper mid).
Information ratio: -0.18 (lower mid).
Top sector: Financial Services.
Top bond sector: Government.
Equity-heavy allocation (~98%).
High-quality debt (AAA/AA ~100%).
Largest holding ICICI Bank Ltd (~7.6%).

Below is the key information for Aditya Birla Sun Life Tax Relief '96

Aditya Birla Sun Life Tax Relief '96 Growth
Launch Date	6 Mar 08
NAV (31 Aug 26)	₹62.21 ↓ -0.18 (-0.29 %)
Net Assets (Cr)	₹14,660 on 31 Jul 26
Category	Equity - ELSS
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.69
Sharpe Ratio	-0.07
Information Ratio	-0.18
Alpha Ratio	-0.45
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹10,031
31 Aug 23	₹10,680
31 Aug 24	₹14,684
31 Aug 25	₹14,398
31 Aug 26	₹14,990

Aditya Birla Sun Life Tax Relief '96 SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 Invest Now

Returns for Aditya Birla Sun Life Tax Relief '96

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Aug 26

Duration	Returns
1 Month	-0.1%
3 Month	4.2%
6 Month	2.1%
1 Year	4.1%
3 Year	12%
5 Year	8.4%
10 Year
15 Year
Since launch	10.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	9.3%
2024	16.4%
2023	18.9%
2022	-1.4%
2021	12.7%
2020	15.2%
2019	4.3%
2018	-4.5%
2017	43.2%
2016	3.4%

Fund Manager information for Aditya Birla Sun Life Tax Relief '96

Name	Since	Tenure
Dhaval Shah	31 Oct 24	1.75 Yr.

Data below for Aditya Birla Sun Life Tax Relief '96 as on 31 Jul 26

Equity Sector Allocation

Sector	Value
Financial Services	32.95%
Consumer Cyclical	14.1%
Technology	10.82%
Health Care	9.63%
Consumer Defensive	8.05%
Industrials	5.89%
Basic Materials	5.62%
Energy	3.8%
Communication Services	2.91%
Utility	2.86%
Real Estate	1.6%

Asset Allocation

Asset Class	Value
Cash	0.55%
Equity	98.24%
Debt	1.21%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	8%	₹1,112 Cr	7,747,842
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	6%	₹902 Cr	12,050,504
Infosys Ltd (Technology) Equity, Since 30 Jun 08 \| INFY	4%	₹574 Cr	5,082,452
Reliance Industries Ltd (Energy) Equity, Since 30 Nov 21 \| RELIANCE	4%	₹557 Cr	4,260,426
Axis Bank Ltd (Financial Services) Equity, Since 30 Jun 08 \| 532215	4%	₹524 Cr	4,260,879
State Bank of India (Financial Services) Equity, Since 31 Jan 22 \| SBIN	3%	₹498 Cr	4,851,415
The Federal Bank Ltd (Financial Services) Equity, Since 31 May 25 \| FEDERALBNK	3%	₹440 Cr	12,256,437
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 Dec 22 \| M&M	3%	₹430 Cr	1,264,660
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Dec 22 \| BHARTIARTL	3%	₹426 Cr	2,161,864
Eternal Ltd (Consumer Cyclical) Equity, Since 31 Aug 23 \| ETERNAL	3%	₹425 Cr	14,042,983 ↑ 1,000,000

5. Bandhan Tax Advantage (ELSS) Fund

The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised.

Research Highlights for Bandhan Tax Advantage (ELSS) Fund

Lower mid AUM (₹6,911 Cr).
Established history (17+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 11.56% (upper mid).
3Y return: 9.68% (bottom quartile).
1Y return: 4.84% (upper mid).
Alpha: 0.89 (upper mid).
Sharpe: -0.29 (lower mid).
Information ratio: -0.51 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~95%).
Largest holding HDFC Bank Ltd (~7.9%).

Below is the key information for Bandhan Tax Advantage (ELSS) Fund

Bandhan Tax Advantage (ELSS) Fund Growth
Launch Date	26 Dec 08
NAV (31 Aug 26)	₹155.853 ↓ -0.31 (-0.20 %)
Net Assets (Cr)	₹6,911 on 30 Jun 26
Category	Equity - ELSS
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.74
Sharpe Ratio	-0.29
Information Ratio	-0.51
Alpha Ratio	0.89
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹10,986
31 Aug 23	₹13,094
31 Aug 24	₹17,496
31 Aug 25	₹16,479
31 Aug 26	₹17,277

Bandhan Tax Advantage (ELSS) Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 Invest Now

Returns for Bandhan Tax Advantage (ELSS) Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Aug 26

Duration	Returns
1 Month	-0.1%
3 Month	4.3%
6 Month	1.1%
1 Year	4.8%
3 Year	9.7%
5 Year	11.6%
10 Year
15 Year
Since launch	16.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	8%
2024	13.1%
2023	28.3%
2022	4.2%
2021	49.2%
2020	18.7%
2019	1.9%
2018	-9.4%
2017	53.4%
2016	0.4%

Fund Manager information for Bandhan Tax Advantage (ELSS) Fund

Name	Since	Tenure
Daylynn Pinto	20 Oct 16	9.87 Yr.
Ritika Behera	7 Oct 23	2.9 Yr.
Gaurav Satra	10 Jun 24	2.22 Yr.

Data below for Bandhan Tax Advantage (ELSS) Fund as on 30 Jun 26

Equity Sector Allocation

Sector	Value
Financial Services	34.6%
Consumer Defensive	10.07%
Consumer Cyclical	9.15%
Technology	8.96%
Energy	8.08%
Health Care	6.76%
Basic Materials	6.37%
Industrials	3.82%
Communication Services	2.76%
Real Estate	2.5%
Utility	1.88%

Asset Allocation

Asset Class	Value
Cash	5.06%
Equity	94.94%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 14 \| HDFCBANK	8%	₹554 Cr	7,400,000 ↑ 400,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 18 \| RELIANCE	6%	₹445 Cr	3,400,000
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jul 23 \| KOTAKBANK	6%	₹410 Cr	10,500,000 ↑ 1,500,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 16 \| ICICIBANK	6%	₹388 Cr	2,700,000
Tata Consultancy Services Ltd (Technology) Equity, Since 31 Oct 21 \| TCS	4%	₹296 Cr	1,250,000
Infosys Ltd (Technology) Equity, Since 31 Jul 15 \| INFY	3%	₹215 Cr	1,900,000 ↑ 50,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Apr 21 \| 532215	3%	₹197 Cr	1,600,000 ↓ -225,000
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 30 Sep 23 \| MARUTI	3%	₹192 Cr	135,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jan 20 \| BHARTIARTL	3%	₹187 Cr	950,000
Mahindra & Mahindra Financial Services Ltd (Financial Services) Equity, Since 31 Aug 23 \| M&MFIN	2%	₹162 Cr	4,200,000 ↓ -100,000

6. Mahindra Mutual Fund Kar Bachat Yojana

The investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns.

Research Highlights for Mahindra Mutual Fund Kar Bachat Yojana

Bottom quartile AUM (₹904 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 8.76% (bottom quartile).
3Y return: 8.25% (bottom quartile).
1Y return: -1.02% (bottom quartile).
Alpha: -5.52 (bottom quartile).
Sharpe: -0.39 (bottom quartile).
Information ratio: -1.20 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
High-quality debt (AAA/AA ~100%).
Largest holding ICICI Bank Ltd (~9.7%).

Below is the key information for Mahindra Mutual Fund Kar Bachat Yojana

Mahindra Mutual Fund Kar Bachat Yojana Growth
Launch Date	18 Oct 16
NAV (31 Aug 26)	₹27.7361 ↓ -0.07 (-0.26 %)
Net Assets (Cr)	₹904 on 31 Jul 26
Category	Equity - ELSS
AMC	Mahindra Asset Management Company Pvt. Ltd.
Rating	Not Rated
Risk	Moderately High
Expense Ratio	2.17
Sharpe Ratio	-0.4
Information Ratio	-1.2
Alpha Ratio	-5.52
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹10,529
31 Aug 23	₹11,998
31 Aug 24	₹15,945
31 Aug 25	₹15,376
31 Aug 26	₹15,219

Mahindra Mutual Fund Kar Bachat Yojana SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 Invest Now

Returns for Mahindra Mutual Fund Kar Bachat Yojana

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Aug 26

Duration	Returns
1 Month	-0.4%
3 Month	4.7%
6 Month	-1.9%
1 Year	-1%
3 Year	8.3%
5 Year	8.8%
10 Year
15 Year
Since launch	10.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7.5%
2024	12.3%
2023	25.8%
2022	2%
2021	39.4%
2020	14.1%
2019	4.5%
2018	-9.8%
2017	24.8%
2016

Fund Manager information for Mahindra Mutual Fund Kar Bachat Yojana

Name	Since	Tenure
Fatema Pacha	16 Oct 20	5.88 Yr.
Neelesh Dhamnaskar	16 Feb 26	0.54 Yr.

Data below for Mahindra Mutual Fund Kar Bachat Yojana as on 31 Jul 26

Equity Sector Allocation

Sector	Value
Financial Services	31.84%
Consumer Cyclical	16.87%
Industrials	9.47%
Technology	8.64%
Health Care	8.58%
Communication Services	6.75%
Consumer Defensive	6.35%
Energy	3.14%
Basic Materials	3.07%
Utility	1.48%
Real Estate	1.36%

Asset Allocation

Asset Class	Value
Cash	2.42%
Equity	97.56%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 19 \| ICICIBANK	10%	₹87 Cr	609,320
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 16 \| HDFCBANK	7%	₹63 Cr	847,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 24 \| BHARTIARTL	4%	₹40 Cr	202,000
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Jan 25 \| 500034	4%	₹35 Cr	308,000
Reliance Industries Ltd (Energy) Equity, Since 31 Mar 18 \| RELIANCE	3%	₹28 Cr	217,500
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Aug 18 \| LT	3%	₹26 Cr	65,169
Infosys Ltd (Technology) Equity, Since 29 Feb 20 \| INFY	3%	₹23 Cr	203,589 ↓ -50,000
TVS Motor Co Ltd (Consumer Cyclical) Equity, Since 31 Jan 25 \| 532343	2%	₹22 Cr	51,752
Hindustan Unilever Ltd (Consumer Defensive) Equity, Since 30 Apr 20 \| HINDUNILVR	2%	₹21 Cr	102,000 ↑ 9,000
Tata Consultancy Services Ltd (Technology) Equity, Since 31 May 19 \| TCS	2%	₹21 Cr	90,000

7. DSP Tax Saver Fund

The primary investment objective of the Scheme is to seek to generate medium to long-term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity related securities of corporates, and to enable investors to avail of a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time.

Research Highlights for DSP Tax Saver Fund

Upper mid AUM (₹16,738 Cr).
Established history (19+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 11.73% (upper mid).
3Y return: 13.88% (upper mid).
1Y return: 3.89% (upper mid).
Alpha: -2.47 (lower mid).
Sharpe: -0.18 (lower mid).
Information ratio: 0.50 (top quartile).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
Largest holding ICICI Bank Ltd (~9.8%).

Below is the key information for DSP Tax Saver Fund

DSP Tax Saver Fund Growth
Launch Date	18 Jan 07
NAV (31 Aug 26)	₹139.905 ↑ 0.11 (0.08 %)
Net Assets (Cr)	₹16,738 on 31 Jul 26
Category	Equity - ELSS
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.64
Sharpe Ratio	-0.18
Information Ratio	0.5
Alpha Ratio	-2.47
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹10,196
31 Aug 23	₹11,788
31 Aug 24	₹17,665
31 Aug 25	₹16,758
31 Aug 26	₹17,410

DSP Tax Saver Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 Invest Now

Returns for DSP Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Aug 26

Duration	Returns
1 Month	0.1%
3 Month	4%
6 Month	-2.1%
1 Year	3.9%
3 Year	13.9%
5 Year	11.7%
10 Year
15 Year
Since launch	14.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7.5%
2024	23.9%
2023	30%
2022	4.5%
2021	35.1%
2020	15%
2019	14.8%
2018	-7.6%
2017	36.3%
2016	11.3%

Fund Manager information for DSP Tax Saver Fund

Name	Since	Tenure
Rohit Singhania	16 Jul 15	11.05 Yr.

Data below for DSP Tax Saver Fund as on 31 Jul 26

Equity Sector Allocation

Sector	Value
Financial Services	44.22%
Consumer Cyclical	9.57%
Health Care	8.95%
Energy	7.36%
Basic Materials	7.26%
Technology	5.56%
Communication Services	5.03%
Consumer Defensive	3.84%
Industrials	3.16%
Utility	2.31%

Asset Allocation

Asset Class	Value
Cash	2.66%
Equity	97.34%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 16 \| ICICIBANK	10%	₹1,638 Cr	11,414,063 ↓ -582,219
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	9%	₹1,474 Cr	19,697,085
Axis Bank Ltd (Financial Services) Equity, Since 30 Nov 18 \| 532215	7%	₹1,202 Cr	9,777,745
State Bank of India (Financial Services) Equity, Since 30 Jun 20 \| SBIN	5%	₹890 Cr	8,666,068 ↑ 681,534
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jul 19 \| BHARTIARTL	4%	₹589 Cr	2,985,560
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Oct 22 \| KOTAKBANK	3%	₹567 Cr	14,515,766 ↑ 619,891
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 26 \| RELIANCE	3%	₹445 Cr	3,402,923 ↑ 645,582
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 30 Nov 21 \| M&M	3%	₹436 Cr	1,284,132
Infosys Ltd (Technology) Equity, Since 31 Mar 12 \| INFY	2%	₹403 Cr	3,563,404
Cipla Ltd (Healthcare) Equity, Since 30 Apr 23 \| 500087	2%	₹329 Cr	2,230,233 ↑ 50,725

8. Sundaram Diversified Equity Fund

To achieve capital appreciation by investing predominantly in equities and equity-related instruments. A three-year lock-in period shall apply in line with the regulation for ELSS schemes.

Research Highlights for Sundaram Diversified Equity Fund

Bottom quartile AUM (₹1,303 Cr).
Established history (26+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 7.96% (bottom quartile).
3Y return: 7.31% (bottom quartile).
1Y return: -3.14% (bottom quartile).
Alpha: -7.12 (bottom quartile).
Sharpe: -0.44 (bottom quartile).
Information ratio: -1.43 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding HDFC Bank Ltd (~6.9%).

Below is the key information for Sundaram Diversified Equity Fund

Sundaram Diversified Equity Fund Growth
Launch Date	22 Nov 99
NAV (31 Aug 26)	₹211.877 ↓ -0.07 (-0.03 %)
Net Assets (Cr)	₹1,303 on 31 Jul 26
Category	Equity - ELSS
AMC	Sundaram Asset Management Company Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.18
Sharpe Ratio	-0.44
Information Ratio	-1.43
Alpha Ratio	-7.12
Min Investment	500
Min SIP Investment	250
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹10,687
31 Aug 23	₹11,865
31 Aug 24	₹15,364
31 Aug 25	₹15,140
31 Aug 26	₹14,664

Sundaram Diversified Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070 Invest Now

Returns for Sundaram Diversified Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Aug 26

Duration	Returns
1 Month	-0.5%
3 Month	2.1%
6 Month	-4.7%
1 Year	-3.1%
3 Year	7.3%
5 Year	8%
10 Year
15 Year
Since launch	15%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7.1%
2024	12%
2023	23.3%
2022	4%
2021	31.5%
2020	9.9%
2019	6.2%
2018	-10.6%
2017	38.4%
2016	6.8%

Fund Manager information for Sundaram Diversified Equity Fund

Name	Since	Tenure
S. Bharath	11 May 26	0.31 Yr.
Sandeep Agarwal	11 May 26	0.31 Yr.
Siddarth Mohta	11 May 26	0.31 Yr.
Shalav Saket	20 Mar 26	0.45 Yr.

Data below for Sundaram Diversified Equity Fund as on 31 Jul 26

Equity Sector Allocation

Sector	Value
Financial Services	28.76%
Industrials	13.05%
Consumer Cyclical	12.85%
Utility	9.47%
Energy	8.96%
Technology	7.26%
Basic Materials	5.39%
Health Care	4.9%
Consumer Defensive	4.64%
Communication Services	3.56%
Real Estate	0.5%

Asset Allocation

Asset Class	Value
Cash	0.66%
Equity	99.34%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 13 \| HDFCBANK	7%	₹90 Cr	1,200,000 ↓ -29,500
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 11 \| ICICIBANK	6%	₹76 Cr	529,000
Reliance Industries Ltd (Energy) Equity, Since 30 Apr 12 \| RELIANCE	5%	₹69 Cr	530,000 ↓ -15,000
Axis Bank Ltd (Financial Services) Equity, Since 31 May 18 \| 532215	5%	₹61 Cr	500,000
Kirloskar Oil Engines Ltd (Industrials) Equity, Since 31 Aug 25 \| KIRLOSENG	4%	₹55 Cr	250,000 ↓ -6,337
State Bank of India (Financial Services) Equity, Since 31 Aug 20 \| SBIN	4%	₹54 Cr	530,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 19 \| BHARTIARTL	4%	₹46 Cr	235,000 ↓ -5,000
Infosys Ltd (Technology) Equity, Since 30 Nov 16 \| INFY	3%	₹45 Cr	400,000
NTPC Ltd (Utilities) Equity, Since 31 Oct 24 \| 532555	3%	₹42 Cr	1,215,766
Larsen & Toubro Ltd (Industrials) Equity, Since 31 May 18 \| LT	3%	₹39 Cr	100,000 ↓ -3,000

9. Edelweiss Long Term Equity Fund

(Erstwhile Edelweiss ELSS Fund)

The primary objective of the scheme is to generate long-term capital appreciation with an option of periodic payouts at the end of lock in periods from a portfolio that invests predominantly in equity and equity related instruments.

Research Highlights for Edelweiss Long Term Equity Fund

Bottom quartile AUM (₹455 Cr).
Established history (17+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 11.28% (upper mid).
3Y return: 13.80% (upper mid).
1Y return: 10.61% (top quartile).
Alpha: 3.50 (top quartile).
Sharpe: 0.17 (top quartile).
Information ratio: 0.19 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding ICICI Bank Ltd (~4.9%).

Below is the key information for Edelweiss Long Term Equity Fund

Edelweiss Long Term Equity Fund Growth
Launch Date	30 Dec 08
NAV (31 Aug 26)	₹118.2 ↑ 0.05 (0.04 %)
Net Assets (Cr)	₹455 on 31 Jul 26
Category	Equity - ELSS
AMC	Edelweiss Asset Management Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	2.34
Sharpe Ratio	0.17
Information Ratio	0.19
Alpha Ratio	3.5
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹10,308
31 Aug 23	₹11,580
31 Aug 24	₹16,331
31 Aug 25	₹15,429
31 Aug 26	₹17,066

Edelweiss Long Term Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 Invest Now

Returns for Edelweiss Long Term Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Aug 26

Duration	Returns
1 Month	1.7%
3 Month	6%
6 Month	4.7%
1 Year	10.6%
3 Year	13.8%
5 Year	11.3%
10 Year
15 Year
Since launch	15%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.7%
2024	20%
2023	26.8%
2022	-0.1%
2021	30.4%
2020	13.7%
2019	9.2%
2018	-9.1%
2017	37.7%
2016	-1.1%

Fund Manager information for Edelweiss Long Term Equity Fund

Name	Since	Tenure
Ashwani Agarwalla	1 Aug 23	3.08 Yr.
Trideep Bhattacharya	1 Aug 23	3.08 Yr.
Raj Koradia	1 Aug 24	2.08 Yr.

Data below for Edelweiss Long Term Equity Fund as on 31 Jul 26

Equity Sector Allocation

Sector	Value
Financial Services	34.52%
Consumer Cyclical	14.67%
Technology	10.27%
Industrials	9.55%
Health Care	7.23%
Energy	5.87%
Basic Materials	5.53%
Communication Services	3.64%
Consumer Defensive	3.5%
Utility	2.68%
Real Estate	1.12%

Asset Allocation

Asset Class	Value
Cash	1.42%
Equity	98.58%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 17 \| ICICIBANK	5%	₹22 Cr	156,659
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 15 \| RELIANCE	4%	₹20 Cr	154,769
HDFC Bank Ltd (Financial Services) Equity, Since 30 Nov 10 \| HDFCBANK	4%	₹19 Cr	249,864
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 19 \| BHARTIARTL	4%	₹17 Cr	84,003
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Sep 15 \| LT	3%	₹13 Cr	33,431
State Bank of India (Financial Services) Equity, Since 31 May 18 \| SBIN	3%	₹11 Cr	111,376
Ather Energy Ltd (Consumer Cyclical) Equity, Since 30 Nov 25 \| ATHERENERG	2%	₹10 Cr	80,511
BSE Ltd (Financial Services) Equity, Since 31 Mar 24 \| BSE	2%	₹10 Cr	26,792
Bharat Electronics Ltd (Industrials) Equity, Since 31 Aug 22 \| BEL	2%	₹9 Cr	219,943
Gabriel India Ltd (Consumer Cyclical) Equity, Since 31 Jul 25 \| GABRIEL	2%	₹8 Cr	58,896

10. SBI Magnum Tax Gain Fund

To deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investment made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits.

Research Highlights for SBI Magnum Tax Gain Fund

Highest AUM (₹32,300 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 14.95% (top quartile).
3Y return: 14.90% (top quartile).
1Y return: 1.55% (lower mid).
Alpha: -1.69 (upper mid).
Sharpe: -0.16 (upper mid).
Information ratio: 1.01 (top quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~96%).
High-quality debt (AAA/AA ~100%).
Largest holding ICICI Bank Ltd (~8.4%).

Below is the key information for SBI Magnum Tax Gain Fund

SBI Magnum Tax Gain Fund Growth
Launch Date	7 May 07
NAV (31 Aug 26)	₹431.828 ↓ -2.24 (-0.52 %)
Net Assets (Cr)	₹32,300 on 31 Jul 26
Category	Equity - ELSS
AMC	SBI Funds Management Private Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.6
Sharpe Ratio	-0.16
Information Ratio	1.01
Alpha Ratio	-1.69
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹10,716
31 Aug 23	₹13,230
31 Aug 24	₹20,835
31 Aug 25	₹19,765
31 Aug 26	₹20,071

SBI Magnum Tax Gain Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 Invest Now

Returns for SBI Magnum Tax Gain Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Aug 26

Duration	Returns
1 Month	-1.9%
3 Month	1.7%
6 Month	-2.9%
1 Year	1.5%
3 Year	14.9%
5 Year	15%
10 Year
15 Year
Since launch	11.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.6%
2024	27.7%
2023	40%
2022	6.9%
2021	31%
2020	18.9%
2019	4%
2018	-8.3%
2017	33%
2016	2.1%

Fund Manager information for SBI Magnum Tax Gain Fund

Name	Since	Tenure
Milind Agrawal	1 Jan 26	0.66 Yr.

Data below for SBI Magnum Tax Gain Fund as on 31 Jul 26

Equity Sector Allocation

Sector	Value
Financial Services	35.79%
Industrials	9.54%
Energy	8.81%
Consumer Cyclical	8.29%
Health Care	7.84%
Basic Materials	7.83%
Utility	6.17%
Technology	5.09%
Communication Services	2.74%
Consumer Defensive	2.44%
Real Estate	1.09%

Asset Allocation

Asset Class	Value
Cash	4.18%
Equity	95.7%
Debt	0.12%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Jan 17 \| ICICIBANK	8%	₹2,728 Cr	19,002,013 ↓ -3,015,438
HDFC Bank Ltd (Financial Services) Equity, Since 30 Jun 07 \| HDFCBANK	8%	₹2,550 Cr	34,086,506 ↑ 5,000,000
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Dec 23 \| KOTAKBANK	6%	₹1,783 Cr	45,686,609 ↓ -6,463,391
Reliance Industries Ltd (Energy) Equity, Since 30 Apr 06 \| RELIANCE	4%	₹1,278 Cr	9,775,148 ↑ 2,500,000
Adani Enterprises Ltd (Energy) Equity, Since 30 Jun 26 \| 512599	3%	₹1,034 Cr	3,434,305 ↑ 1,734,305
Bajaj Finance Ltd (Financial Services) Equity, Since 28 Feb 26 \| 500034	3%	₹986 Cr	8,638,732 ↑ 2,398,986
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Mar 26 \| LT	3%	₹893 Cr	2,268,231
Torrent Power Ltd (Utilities) Equity, Since 31 Jul 19 \| 532779	2%	₹793 Cr	5,610,813
Cipla Ltd (Healthcare) Equity, Since 31 Jul 18 \| 500087	2%	₹701 Cr	4,756,637
AIA Engineering Ltd (Industrials) Equity, Since 31 Dec 20 \| AIAENG	2%	₹681 Cr	1,484,340

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.