2021 के निवेश के लिए सर्वश्रेष्ठ ईएलएसएस म्यूचुअल फंड

Updated on December 30, 2025 , 1006 views

बेस्ट एल्स फंड्स या इक्विटी लिंक्ड सेविंग्स स्कीम इक्विटी डायवर्सिफाइड हैंम्यूचुअल फंड्स प्रदान करने के लिए मुख्य रूप से इक्विटी से जुड़े उपकरणों (जैसे शेयर और स्टॉक) में निवेश करते हैंमंडी-लिंक्ड रिटर्न। आमतौर पर, फंड कॉर्पस का 80% इक्विटी में और शेष डेट इंस्ट्रूमेंट्स में निवेश किया जाता है। श्रेष्ठईएलएसएस फंड को टैक्स सेविंग म्यूचुअल फंड के रूप में भी जाना जाता है क्योंकि वे कर लाभ प्रदान करते हैंधारा 80सी कीआयकर कार्य। वर्ष 2021 के लिए सर्वश्रेष्ठ फंड उनके प्रदर्शन के अनुसार नीचे सूचीबद्ध हैं।

Ready to Invest?
Talk to our investment specialist

प्रदर्शन के आधार पर शीर्ष 10 ईएलएसएस फंड 2021

Fund	NAV	Net Assets (Cr)	2024 (%)	2023 (%)	2022 (%)	2021 (%)	2020 (%)
HDFC Tax Saver Fund Growth	₹1,460.59 ↑ 2.08	₹17,241	10.3	21.3	33.2	10.5	35.3
ICICI Prudential Long Term Equity Fund (Tax Saving) Growth	₹964.66 ↑ 2.74	₹14,957	9.9	16.4	23.2	2.3	33.7
Mirae Asset Tax Saver Fund Growth	₹51.125 ↓ -0.04	₹27,271	9.7	17.2	27	0.1	35.3
Aditya Birla Sun Life Tax Relief '96 Growth	₹62.61 ↑ 0.24	₹15,691	9.3	16.4	18.9	-1.4	12.7
Bandhan Tax Advantage (ELSS) Fund Growth	₹159.086 ↓ -0.01	₹7,327	8	13.1	28.3	4.2	49.2
Mahindra Mutual Fund Kar Bachat Yojana Growth	₹29.3087 ↑ 0.08	₹982	7.5	12.3	25.8	2	39.4
DSP Tax Saver Fund Growth	₹145.667 ↑ 0.52	₹17,570	7.5	23.9	30	4.5	35.1
Sundaram Diversified Equity Fund Growth	₹228.391 ↑ 0.14	₹1,484	7.1	12	23.3	4	31.5
Edelweiss Long Term Equity Fund Growth	₹116.22 ↑ 0.21	₹448	6.7	20	26.8	-0.1	30.4
SBI Magnum Tax Gain Fund Growth	₹454.264 ↑ 0.14	₹32,327	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 1 Jan 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 (₹17,241 Cr).	Lower mid AUM (₹14,957 Cr).	Top quartile AUM (₹27,271 Cr).	Upper mid AUM (₹15,691 Cr).	Lower mid AUM (₹7,327 Cr).	Bottom quartile AUM (₹982 Cr).	Upper mid AUM (₹17,570 Cr).	Bottom quartile AUM (₹1,484 Cr).	Bottom quartile AUM (₹448 Cr).	Highest AUM (₹32,327 Cr).
Point 2	Oldest track record among peers (29 yrs).	Established history (26+ yrs).	Established history (10+ yrs).	Established history (17+ yrs).	Established history (17+ yrs).	Established history (9+ yrs).	Established history (18+ yrs).	Established history (26+ yrs).	Established history (17+ yrs).	Established history (18+ 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: 21.61% (top quartile).	5Y return: 16.63% (lower mid).	5Y return: 17.07% (upper mid).	5Y return: 10.93% (bottom quartile).	5Y return: 19.23% (upper mid).	5Y return: 16.61% (lower mid).	5Y return: 19.57% (upper mid).	5Y return: 15.09% (bottom quartile).	5Y return: 16.09% (bottom quartile).	5Y return: 21.58% (top quartile).
Point 6	3Y return: 21.29% (top quartile).	3Y return: 16.51% (lower mid).	3Y return: 17.73% (upper mid).	3Y return: 14.94% (bottom quartile).	3Y return: 16.15% (lower mid).	3Y return: 15.05% (bottom quartile).	3Y return: 20.21% (upper mid).	3Y return: 13.98% (bottom quartile).	3Y return: 17.59% (upper mid).	3Y return: 24.01% (top quartile).
Point 7	1Y return: 10.01% (top quartile).	1Y return: 9.40% (upper mid).	1Y return: 9.22% (upper mid).	1Y return: 9.71% (top quartile).	1Y return: 7.53% (upper mid).	1Y return: 7.39% (lower mid).	1Y return: 7.46% (lower mid).	1Y return: 6.49% (bottom quartile).	1Y return: 6.51% (bottom quartile).	1Y return: 6.54% (bottom quartile).
Point 8	Alpha: 2.31 (top quartile).	Alpha: 1.74 (upper mid).	Alpha: 1.51 (upper mid).	Alpha: 1.80 (top quartile).	Alpha: -0.17 (lower mid).	Alpha: -0.10 (upper mid).	Alpha: -0.89 (bottom quartile).	Alpha: -0.54 (lower mid).	Alpha: -0.61 (bottom quartile).	Alpha: -1.43 (bottom quartile).
Point 9	Sharpe: 0.30 (top quartile).	Sharpe: 0.24 (top quartile).	Sharpe: 0.20 (upper mid).	Sharpe: 0.23 (upper mid).	Sharpe: 0.06 (lower mid).	Sharpe: 0.09 (upper mid).	Sharpe: 0.03 (bottom quartile).	Sharpe: 0.05 (bottom quartile).	Sharpe: 0.05 (lower mid).	Sharpe: -0.04 (bottom quartile).
Point 10	Information ratio: 1.26 (top quartile).	Information ratio: 0.02 (lower mid).	Information ratio: 0.38 (upper mid).	Information ratio: -0.56 (bottom quartile).	Information ratio: -0.07 (lower mid).	Information ratio: -0.49 (bottom quartile).	Information ratio: 0.94 (upper mid).	Information ratio: -0.84 (bottom quartile).	Information ratio: 0.18 (upper mid).	Information ratio: 1.89 (top quartile).

HDFC Tax Saver Fund

Upper mid AUM (₹17,241 Cr).
Oldest track record among peers (29 yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 21.61% (top quartile).
3Y return: 21.29% (top quartile).
1Y return: 10.01% (top quartile).
Alpha: 2.31 (top quartile).
Sharpe: 0.30 (top quartile).
Information ratio: 1.26 (top quartile).

ICICI Prudential Long Term Equity Fund (Tax Saving)

Lower mid AUM (₹14,957 Cr).
Established history (26+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 16.63% (lower mid).
3Y return: 16.51% (lower mid).
1Y return: 9.40% (upper mid).
Alpha: 1.74 (upper mid).
Sharpe: 0.24 (top quartile).
Information ratio: 0.02 (lower mid).

Mirae Asset Tax Saver Fund

Top quartile AUM (₹27,271 Cr).
Established history (10+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 17.07% (upper mid).
3Y return: 17.73% (upper mid).
1Y return: 9.22% (upper mid).
Alpha: 1.51 (upper mid).
Sharpe: 0.20 (upper mid).
Information ratio: 0.38 (upper mid).

Aditya Birla Sun Life Tax Relief '96

Upper mid AUM (₹15,691 Cr).
Established history (17+ yrs).
Rating: 4★ (top quartile).
Risk profile: Moderately High.
5Y return: 10.93% (bottom quartile).
3Y return: 14.94% (bottom quartile).
1Y return: 9.71% (top quartile).
Alpha: 1.80 (top quartile).
Sharpe: 0.23 (upper mid).
Information ratio: -0.56 (bottom quartile).

Bandhan Tax Advantage (ELSS) Fund

Lower mid AUM (₹7,327 Cr).
Established history (17+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 19.23% (upper mid).
3Y return: 16.15% (lower mid).
1Y return: 7.53% (upper mid).
Alpha: -0.17 (lower mid).
Sharpe: 0.06 (lower mid).
Information ratio: -0.07 (lower mid).

Mahindra Mutual Fund Kar Bachat Yojana

Bottom quartile AUM (₹982 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 16.61% (lower mid).
3Y return: 15.05% (bottom quartile).
1Y return: 7.39% (lower mid).
Alpha: -0.10 (upper mid).
Sharpe: 0.09 (upper mid).
Information ratio: -0.49 (bottom quartile).

DSP Tax Saver Fund

Upper mid AUM (₹17,570 Cr).
Established history (18+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 19.57% (upper mid).
3Y return: 20.21% (upper mid).
1Y return: 7.46% (lower mid).
Alpha: -0.89 (bottom quartile).
Sharpe: 0.03 (bottom quartile).
Information ratio: 0.94 (upper mid).

Sundaram Diversified Equity Fund

Bottom quartile AUM (₹1,484 Cr).
Established history (26+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 15.09% (bottom quartile).
3Y return: 13.98% (bottom quartile).
1Y return: 6.49% (bottom quartile).
Alpha: -0.54 (lower mid).
Sharpe: 0.05 (bottom quartile).
Information ratio: -0.84 (bottom quartile).

Edelweiss Long Term Equity Fund

Bottom quartile AUM (₹448 Cr).
Established history (17+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 16.09% (bottom quartile).
3Y return: 17.59% (upper mid).
1Y return: 6.51% (bottom quartile).
Alpha: -0.61 (bottom quartile).
Sharpe: 0.05 (lower mid).
Information ratio: 0.18 (upper mid).

SBI Magnum Tax Gain Fund

Highest AUM (₹32,327 Cr).
Established history (18+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 21.58% (top quartile).
3Y return: 24.01% (top quartile).
1Y return: 6.54% (bottom quartile).
Alpha: -1.43 (bottom quartile).
Sharpe: -0.04 (bottom quartile).
Information ratio: 1.89 (top quartile).

शीर्ष प्रदर्शन करने वाला सर्वश्रेष्ठ ईएलएसएस फंड

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 (₹17,241 Cr).
Oldest track record among peers (29 yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 21.61% (top quartile).
3Y return: 21.29% (top quartile).
1Y return: 10.01% (top quartile).
Alpha: 2.31 (top quartile).
Sharpe: 0.30 (top quartile).
Information ratio: 1.26 (top quartile).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~95%).
High-quality debt (AAA/AA ~100%).
Largest holding HDFC Bank Ltd (~9.7%).

Below is the key information for HDFC Tax Saver Fund

HDFC Tax Saver Fund Growth
Launch Date	31 Mar 96
NAV (01 Jan 26)	₹1,460.59 ↑ 2.08 (0.14 %)
Net Assets (Cr)	₹17,241 on 30 Nov 25
Category	Equity - ELSS
AMC	HDFC Asset Management Company Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.7
Sharpe Ratio	0.3
Information Ratio	1.26
Alpha Ratio	2.31
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹13,528
31 Dec 22	₹14,944
31 Dec 23	₹19,906
31 Dec 24	₹24,150
31 Dec 25	₹26,627

HDFC Tax Saver Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033 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 1 Jan 26

Duration	Returns
1 Month	-0.4%
3 Month	2.8%
6 Month	2.4%
1 Year	10%
3 Year	21.3%
5 Year	21.6%
10 Year
15 Year
Since launch

Historical performance (Yearly) on absolute basis

Year	Returns
2024	10.3%
2023	21.3%
2022	33.2%
2021	10.5%
2020	35.3%
2019	5.8%
2018	3.7%
2017	-10.9%
2016	38.7%
2015	7.6%

Fund Manager information for HDFC Tax Saver Fund

Name	Since	Tenure
Amar Kalkundrikar	8 Dec 25	0 Yr.
Dhruv Muchhal	22 Jun 23	2.45 Yr.

Data below for HDFC Tax Saver Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	43.43%
Consumer Cyclical	16.63%
Health Care	9.63%
Basic Materials	5.72%
Industrials	5.66%
Technology	5.39%
Communication Services	4.74%
Utility	1.57%
Energy	1.17%
Consumer Defensive	0.84%

Asset Allocation

Asset Class	Value
Cash	4.92%
Equity	94.79%
Debt	0.3%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 15 \| HDFCBANK	10%	₹1,673 Cr	16,600,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Oct 18 \| AXISBANK	9%	₹1,536 Cr	12,000,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	9%	₹1,528 Cr	11,000,000
SBI Life Insurance Co Ltd (Financial Services) Equity, Since 31 Jan 22 \| SBILIFE	5%	₹885 Cr	4,500,000
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 31 Jan 24 \| MARUTI	5%	₹875 Cr	550,000
Cipla Ltd (Healthcare) Equity, Since 31 Oct 09 \| CIPLA	5%	₹827 Cr	5,400,000
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Dec 23 \| KOTAKBANK	4%	₹744 Cr	3,500,000
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Nov 19 \| BHARTIARTL	4%	₹715 Cr	3,400,000
State Bank of India (Financial Services) Equity, Since 31 Dec 06 \| SBIN	4%	₹685 Cr	7,000,000
HCL Technologies Ltd (Technology) Equity, Since 30 Sep 20 \| HCLTECH	3%	₹544 Cr	3,350,000

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 (₹14,957 Cr).
Established history (26+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 16.63% (lower mid).
3Y return: 16.51% (lower mid).
1Y return: 9.40% (upper mid).
Alpha: 1.74 (upper mid).
Sharpe: 0.24 (top quartile).
Information ratio: 0.02 (lower mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
High-quality debt (AAA/AA ~100%).
Largest holding ICICI Bank Ltd (~7.8%).

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 (01 Jan 26)	₹964.66 ↑ 2.74 (0.28 %)
Net Assets (Cr)	₹14,957 on 30 Nov 25
Category	Equity - ELSS
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.72
Sharpe Ratio	0.24
Information Ratio	0.02
Alpha Ratio	1.74
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹13,373
31 Dec 22	₹13,683
31 Dec 23	₹16,863
31 Dec 24	₹19,635
31 Dec 25	₹21,582

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

Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689 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 1 Jan 26

Duration	Returns
1 Month	-0.8%
3 Month	2.7%
6 Month	2.8%
1 Year	9.4%
3 Year	16.5%
5 Year	16.6%
10 Year
15 Year
Since launch	18.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	9.9%
2023	16.4%
2022	23.2%
2021	2.3%
2020	33.7%
2019	13.6%
2018	8.8%
2017	0.5%
2016	26%
2015	3.9%

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

Name	Since	Tenure
Mittul Kalawadia	18 Sep 23	2.21 Yr.
Sharmila D’mello	31 Jul 22	3.34 Yr.

Data below for ICICI Prudential Long Term Equity Fund (Tax Saving) as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	28.9%
Consumer Cyclical	16.84%
Health Care	11.92%
Industrials	8.94%
Energy	7.42%
Consumer Defensive	5.93%
Technology	4.97%
Basic Materials	4.63%
Utility	4.11%
Communication Services	4.02%
Real Estate	1.5%

Asset Allocation

Asset Class	Value
Cash	0.71%
Equity	99.25%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Dec 18 \| ICICIBANK	8%	₹1,163 Cr	8,371,978
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 17 \| HDFCBANK	7%	₹1,043 Cr	10,347,868
Sun Pharmaceuticals Industries Ltd (Healthcare) Equity, Since 31 May 17 \| SUNPHARMA	6%	₹935 Cr	5,105,969
Reliance Industries Ltd (Energy) Equity, Since 31 May 20 \| RELIANCE	6%	₹864 Cr	5,513,578 ↓ -15,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Nov 18 \| AXISBANK	6%	₹835 Cr	6,522,478
Avenue Supermarts Ltd (Consumer Defensive) Equity, Since 29 Feb 20 \| DMART	4%	₹673 Cr	1,683,535
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Oct 18 \| LT	4%	₹667 Cr	1,638,689
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 28 Feb 18 \| MARUTI	4%	₹607 Cr	381,642
NTPC Ltd (Utilities) Equity, Since 31 Oct 23 \| NTPC	4%	₹590 Cr	18,088,290 ↑ 889,858
TVS Motor Co Ltd (Consumer Cyclical) Equity, Since 31 Dec 22 \| TVSMOTOR	4%	₹554 Cr	1,567,366

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 (₹27,271 Cr).
Established history (10+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 17.07% (upper mid).
3Y return: 17.73% (upper mid).
1Y return: 9.22% (upper mid).
Alpha: 1.51 (upper mid).
Sharpe: 0.20 (upper mid).
Information ratio: 0.38 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~100%).
Largest holding HDFC Bank Ltd (~9.7%).

Below is the key information for Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund Growth
Launch Date	28 Dec 15
NAV (01 Jan 26)	₹51.125 ↓ -0.04 (-0.08 %)
Net Assets (Cr)	₹27,271 on 30 Nov 25
Category	Equity - ELSS
AMC	Mirae Asset Global Inv (India) Pvt. Ltd
Rating	Not Rated
Risk	Moderately High
Expense Ratio	1.16
Sharpe Ratio	0.2
Information Ratio	0.38
Alpha Ratio	1.51
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹13,529
31 Dec 22	₹13,549
31 Dec 23	₹17,211
31 Dec 24	₹20,176
31 Dec 25	₹22,127

Mirae Asset Tax Saver Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047 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 1 Jan 26

Duration	Returns
1 Month	0.1%
3 Month	4.6%
6 Month	3.4%
1 Year	9.2%
3 Year	17.7%
5 Year	17.1%
10 Year
15 Year
Since launch	17.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	9.7%
2023	17.2%
2022	27%
2021	0.1%
2020	35.3%
2019	21.5%
2018	14.1%
2017	-2.3%
2016	47.9%
2015	14.8%

Fund Manager information for Mirae Asset Tax Saver Fund

Name	Since	Tenure
Neelesh Surana	28 Dec 15	9.93 Yr.

Data below for Mirae Asset Tax Saver Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	34.99%
Consumer Cyclical	15.37%
Health Care	10.46%
Technology	9.24%
Industrials	8.42%
Basic Materials	5.48%
Consumer Defensive	4.73%
Energy	3.76%
Communication Services	3.49%
Utility	2.09%
Real Estate	1.66%

Asset Allocation

Asset Class	Value
Cash	0.3%
Equity	99.7%
Other	0%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 15 \| HDFCBANK	10%	₹2,644 Cr	26,236,504
ICICI Bank Ltd (Financial Services) Equity, Since 31 Dec 15 \| ICICIBANK	5%	₹1,477 Cr	10,637,929 ↑ 906,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Jan 18 \| AXISBANK	4%	₹1,134 Cr	8,860,734 ↓ -560,000
Infosys Ltd (Technology) Equity, Since 31 Dec 15 \| INFY	4%	₹1,119 Cr	7,172,785
State Bank of India (Financial Services) Equity, Since 31 Dec 15 \| SBIN	4%	₹1,050 Cr	10,721,701 ↓ -525,000
ITC Ltd (Consumer Defensive) Equity, Since 30 Apr 16 \| ITC	4%	₹1,003 Cr	24,808,025 ↑ 225,000
Tata Consultancy Services Ltd (Technology) Equity, Since 31 Dec 15 \| TCS	3%	₹873 Cr	2,783,631 ↓ -210,000
Reliance Industries Ltd (Energy) Equity, Since 31 Dec 15 \| RELIANCE	3%	₹770 Cr	4,914,299 ↓ -500,000
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Aug 16 \| LT	3%	₹721 Cr	1,770,482
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 31 Dec 15 \| MARUTI	2%	₹580 Cr	365,007 ↓ -40,564

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 (₹15,691 Cr).
Established history (17+ yrs).
Rating: 4★ (top quartile).
Risk profile: Moderately High.
5Y return: 10.93% (bottom quartile).
3Y return: 14.94% (bottom quartile).
1Y return: 9.71% (top quartile).
Alpha: 1.80 (top quartile).
Sharpe: 0.23 (upper mid).
Information ratio: -0.56 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding ICICI Bank Ltd (~8.1%).

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 (01 Jan 26)	₹62.61 ↑ 0.24 (0.38 %)
Net Assets (Cr)	₹15,691 on 30 Nov 25
Category	Equity - ELSS
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.68
Sharpe Ratio	0.23
Information Ratio	-0.56
Alpha Ratio	1.8
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹11,269
31 Dec 22	₹11,107
31 Dec 23	₹13,206
31 Dec 24	₹15,369
31 Dec 25	₹16,802

Aditya Birla Sun Life Tax Relief '96 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 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 1 Jan 26

Duration	Returns
1 Month	-0.7%
3 Month	3.6%
6 Month	2.2%
1 Year	9.7%
3 Year	14.9%
5 Year	10.9%
10 Year
15 Year
Since launch	10.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	9.3%
2023	16.4%
2022	18.9%
2021	-1.4%
2020	12.7%
2019	15.2%
2018	4.3%
2017	-4.5%
2016	43.2%
2015	3.4%

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

Name	Since	Tenure
Dhaval Shah	31 Oct 24	1.08 Yr.

Data below for Aditya Birla Sun Life Tax Relief '96 as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	32.6%
Consumer Cyclical	13.36%
Health Care	10.85%
Technology	9.9%
Consumer Defensive	8.31%
Industrials	7.67%
Basic Materials	4.69%
Energy	4.51%
Communication Services	3.57%
Utility	2%
Real Estate	1.51%

Asset Allocation

Asset Class	Value
Cash	1.03%
Equity	98.97%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	8%	₹1,269 Cr	9,137,798
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	7%	₹1,164 Cr	11,550,504
Infosys Ltd (Technology) Equity, Since 30 Jun 08 \| INFY	5%	₹803 Cr	5,149,292
Reliance Industries Ltd (Energy) Equity, Since 30 Nov 21 \| RELIANCE	4%	₹668 Cr	4,260,426
Axis Bank Ltd (Financial Services) Equity, Since 30 Jun 08 \| AXISBANK	4%	₹648 Cr	5,060,879
State Bank of India (Financial Services) Equity, Since 31 Jan 22 \| SBIN	4%	₹597 Cr	6,101,415
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Dec 22 \| BHARTIARTL	4%	₹559 Cr	2,661,864
Fortis Healthcare Ltd (Healthcare) Equity, Since 31 Jan 20 \| FORTIS	3%	₹451 Cr	4,912,331
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Jun 08 \| LT	3%	₹448 Cr	1,101,782
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 Dec 22 \| M&M	3%	₹445 Cr	1,184,660

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 (₹7,327 Cr).
Established history (17+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 19.23% (upper mid).
3Y return: 16.15% (lower mid).
1Y return: 7.53% (upper mid).
Alpha: -0.17 (lower mid).
Sharpe: 0.06 (lower mid).
Information ratio: -0.07 (lower mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~95%).
Largest holding HDFC Bank Ltd (~7.8%).

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

Bandhan Tax Advantage (ELSS) Fund Growth
Launch Date	26 Dec 08
NAV (01 Jan 26)	₹159.086 ↓ -0.01 (-0.01 %)
Net Assets (Cr)	₹7,327 on 30 Nov 25
Category	Equity - ELSS
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.74
Sharpe Ratio	0.06
Information Ratio	-0.07
Alpha Ratio	-0.17
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹14,920
31 Dec 22	₹15,547
31 Dec 23	₹19,946
31 Dec 24	₹22,561
31 Dec 25	₹24,360

Bandhan Tax Advantage (ELSS) Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹493,520.
Net Profit of ₹193,520 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 1 Jan 26

Duration	Returns
1 Month	0.3%
3 Month	5.2%
6 Month	3.3%
1 Year	7.5%
3 Year	16.1%
5 Year	19.2%
10 Year
15 Year
Since launch	17.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	8%
2023	13.1%
2022	28.3%
2021	4.2%
2020	49.2%
2019	18.7%
2018	1.9%
2017	-9.4%
2016	53.4%
2015	0.4%

Fund Manager information for Bandhan Tax Advantage (ELSS) Fund

Name	Since	Tenure
Daylynn Pinto	20 Oct 16	9.12 Yr.
Ritika Behera	7 Oct 23	2.15 Yr.
Gaurav Satra	10 Jun 24	1.48 Yr.

Data below for Bandhan Tax Advantage (ELSS) Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	33.14%
Technology	11%
Consumer Cyclical	9.77%
Consumer Defensive	8.65%
Energy	8.04%
Basic Materials	7.42%
Health Care	5.77%
Industrials	4.2%
Communication Services	2.6%
Real Estate	2.19%
Utility	1.85%

Asset Allocation

Asset Class	Value
Cash	5.36%
Equity	94.64%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 14 \| HDFCBANK	8%	₹574 Cr	5,700,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 18 \| RELIANCE	7%	₹517 Cr	3,300,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 16 \| ICICIBANK	5%	₹347 Cr	2,500,000
Tata Consultancy Services Ltd (Technology) Equity, Since 31 Oct 21 \| TCS	4%	₹329 Cr	1,050,000 ↑ 100,000
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jul 23 \| KOTAKBANK	4%	₹297 Cr	1,400,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Apr 21 \| AXISBANK	3%	₹243 Cr	1,900,000
State Bank of India (Financial Services) Equity, Since 30 Jun 20 \| SBIN	3%	₹225 Cr	2,300,000 ↓ -88,280
Infosys Ltd (Technology) Equity, Since 31 Jul 15 \| INFY	3%	₹218 Cr	1,400,000
Hero MotoCorp Ltd (Consumer Cyclical) Equity, Since 31 Aug 23 \| HEROMOTOCO	2%	₹170 Cr	275,000 ↓ -50,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jan 20 \| BHARTIARTL	2%	₹168 Cr	801,000 ↓ -49,000

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 (₹982 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 16.61% (lower mid).
3Y return: 15.05% (bottom quartile).
1Y return: 7.39% (lower mid).
Alpha: -0.10 (upper mid).
Sharpe: 0.09 (upper mid).
Information ratio: -0.49 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding HDFC Bank Ltd (~8.0%).

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 (01 Jan 26)	₹29.3087 ↑ 0.08 (0.27 %)
Net Assets (Cr)	₹982 on 30 Nov 25
Category	Equity - ELSS
AMC	Mahindra Asset Management Company Pvt. Ltd.
Rating	Not Rated
Risk	Moderately High
Expense Ratio	2.17
Sharpe Ratio	0.09
Information Ratio	-0.49
Alpha Ratio	-0.1
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹13,944
31 Dec 22	₹14,224
31 Dec 23	₹17,891
31 Dec 24	₹20,090
31 Dec 25	₹21,604

Mahindra Mutual Fund Kar Bachat Yojana SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689 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 1 Jan 26

Duration	Returns
1 Month	-0.1%
3 Month	3.7%
6 Month	0.8%
1 Year	7.4%
3 Year	15.1%
5 Year	16.6%
10 Year
15 Year
Since launch	12.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.5%
2023	12.3%
2022	25.8%
2021	2%
2020	39.4%
2019	14.1%
2018	4.5%
2017	-9.8%
2016	24.8%
2015

Fund Manager information for Mahindra Mutual Fund Kar Bachat Yojana

Name	Since	Tenure
Manish Lodha	21 Dec 20	4.95 Yr.
Fatema Pacha	16 Oct 20	5.13 Yr.

Data below for Mahindra Mutual Fund Kar Bachat Yojana as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	33.67%
Consumer Cyclical	15.54%
Technology	12.2%
Industrials	8.27%
Basic Materials	6.33%
Energy	5.61%
Consumer Defensive	4.91%
Health Care	4.68%
Communication Services	4.4%
Utility	1.22%
Real Estate	0.91%

Asset Allocation

Asset Class	Value
Cash	2.25%
Equity	97.73%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 16 \| HDFCBANK	8%	₹78 Cr	775,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 19 \| ICICIBANK	8%	₹75 Cr	541,120 ↑ 25,000
Reliance Industries Ltd (Energy) Equity, Since 31 Mar 18 \| RELIANCE	6%	₹55 Cr	351,000
Infosys Ltd (Technology) Equity, Since 29 Feb 20 \| INFY	5%	₹51 Cr	326,041 ↑ 10,000
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Jan 25 \| BAJFINANCE	4%	₹35 Cr	335,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Apr 24 \| AXISBANK	4%	₹34 Cr	269,000 ↓ -14,000
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Aug 18 \| LT	3%	₹33 Cr	81,761
Tata Consultancy Services Ltd (Technology) Equity, Since 31 May 19 \| TCS	3%	₹29 Cr	93,476
Hindustan Unilever Ltd (Consumer Defensive) Equity, Since 30 Apr 20 \| HINDUNILVR	3%	₹28 Cr	112,000
State Bank of India (Financial Services) Equity, Since 29 Feb 24 \| SBIN	3%	₹26 Cr	270,000 ↓ -63,000

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 (₹17,570 Cr).
Established history (18+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 19.57% (upper mid).
3Y return: 20.21% (upper mid).
1Y return: 7.46% (lower mid).
Alpha: -0.89 (bottom quartile).
Sharpe: 0.03 (bottom quartile).
Information ratio: 0.94 (upper mid).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding Axis Bank Ltd (~7.0%).

Below is the key information for DSP Tax Saver Fund

DSP Tax Saver Fund Growth
Launch Date	18 Jan 07
NAV (01 Jan 26)	₹145.667 ↑ 0.52 (0.36 %)
Net Assets (Cr)	₹17,570 on 30 Nov 25
Category	Equity - ELSS
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.64
Sharpe Ratio	0.03
Information Ratio	0.94
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 Dec 20	₹10,000
31 Dec 21	₹13,512
31 Dec 22	₹14,119
31 Dec 23	₹18,352
31 Dec 24	₹22,738
31 Dec 25	₹24,441

DSP Tax Saver Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹493,520.
Net Profit of ₹193,520 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 1 Jan 26

Duration	Returns
1 Month	1%
3 Month	5.5%
6 Month	2.9%
1 Year	7.5%
3 Year	20.2%
5 Year	19.6%
10 Year
15 Year
Since launch	15.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.5%
2023	23.9%
2022	30%
2021	4.5%
2020	35.1%
2019	15%
2018	14.8%
2017	-7.6%
2016	36.3%
2015	11.3%

Fund Manager information for DSP Tax Saver Fund

Name	Since	Tenure
Rohit Singhania	16 Jul 15	10.39 Yr.

Data below for DSP Tax Saver Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	39.1%
Consumer Cyclical	9.87%
Technology	9.63%
Health Care	9.15%
Basic Materials	7.89%
Energy	5.34%
Communication Services	5.02%
Industrials	4.75%
Consumer Defensive	4.71%
Utility	3.61%

Asset Allocation

Asset Class	Value
Cash	0.91%
Equity	99.09%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Axis Bank Ltd (Financial Services) Equity, Since 30 Nov 18 \| AXISBANK	7%	₹1,226 Cr	9,581,056 ↑ 1,041,426
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	7%	₹1,169 Cr	11,601,444 ↑ 437,536
State Bank of India (Financial Services) Equity, Since 30 Jun 20 \| SBIN	6%	₹1,042 Cr	10,647,468 ↓ -1,358,035
Infosys Ltd (Technology) Equity, Since 31 Mar 12 \| INFY	6%	₹1,033 Cr	6,618,223 ↓ -913,402
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 16 \| ICICIBANK	6%	₹996 Cr	7,169,289 ↑ 321,460
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jul 19 \| BHARTIARTL	3%	₹565 Cr	2,687,715 ↓ -161,382
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 30 Nov 21 \| M&M	3%	₹529 Cr	1,408,898 ↓ -116,353
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Oct 22 \| KOTAKBANK	3%	₹526 Cr	2,473,650
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Jun 24 \| LT	2%	₹435 Cr	1,068,068
Samvardhana Motherson International Ltd (Consumer Cyclical) Equity, Since 31 Dec 22 \| MOTHERSON	2%	₹413 Cr	35,549,980 ↑ 1,335,250

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 (₹1,484 Cr).
Established history (26+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 15.09% (bottom quartile).
3Y return: 13.98% (bottom quartile).
1Y return: 6.49% (bottom quartile).
Alpha: -0.54 (lower mid).
Sharpe: 0.05 (bottom quartile).
Information ratio: -0.84 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding HDFC Bank Ltd (~8.8%).

Below is the key information for Sundaram Diversified Equity Fund

Sundaram Diversified Equity Fund Growth
Launch Date	22 Nov 99
NAV (01 Jan 26)	₹228.391 ↑ 0.14 (0.06 %)
Net Assets (Cr)	₹1,484 on 30 Nov 25
Category	Equity - ELSS
AMC	Sundaram Asset Management Company Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.18
Sharpe Ratio	0.05
Information Ratio	-0.84
Alpha Ratio	-0.54
Min Investment	500
Min SIP Investment	250
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹13,153
31 Dec 22	₹13,683
31 Dec 23	₹16,873
31 Dec 24	₹18,902
31 Dec 25	₹20,248

Sundaram Diversified Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579 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 1 Jan 26

Duration	Returns
1 Month	0.6%
3 Month	4.5%
6 Month	2.5%
1 Year	6.5%
3 Year	14%
5 Year	15.1%
10 Year
15 Year
Since launch	15.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.1%
2023	12%
2022	23.3%
2021	4%
2020	31.5%
2019	9.9%
2018	6.2%
2017	-10.6%
2016	38.4%
2015	6.8%

Fund Manager information for Sundaram Diversified Equity Fund

Name	Since	Tenure
Rohit Seksaria	24 Feb 21	4.77 Yr.
Bharath Subramanian	2 Jun 25	0.5 Yr.

Data below for Sundaram Diversified Equity Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	25.31%
Consumer Cyclical	11.36%
Industrials	10.28%
Consumer Defensive	8.81%
Basic Materials	8.47%
Energy	8.19%
Technology	8.18%
Utility	7.01%
Health Care	5.96%
Communication Services	4.39%

Asset Allocation

Asset Class	Value
Cash	2.04%
Equity	97.96%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 13 \| HDFCBANK	9%	₹130 Cr	1,294,318
Reliance Industries Ltd (Energy) Equity, Since 30 Apr 12 \| RELIANCE	6%	₹93 Cr	592,000
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 11 \| ICICIBANK	5%	₹81 Cr	583,000
Axis Bank Ltd (Financial Services) Equity, Since 31 May 18 \| AXISBANK	4%	₹67 Cr	520,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 19 \| BHARTIARTL	4%	₹65 Cr	310,165
Infosys Ltd (Technology) Equity, Since 30 Nov 16 \| INFY	4%	₹62 Cr	400,000 ↑ 48,000
State Bank of India (Financial Services) Equity, Since 31 Aug 20 \| SBIN	4%	₹58 Cr	595,000
Larsen & Toubro Ltd (Industrials) Equity, Since 31 May 18 \| LT	4%	₹56 Cr	138,000
ITC Ltd (Consumer Defensive) Equity, Since 28 Feb 23 \| ITC	3%	₹49 Cr	1,210,000
NTPC Ltd (Utilities) Equity, Since 31 Oct 24 \| NTPC	3%	₹40 Cr	1,215,766

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 (₹448 Cr).
Established history (17+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 16.09% (bottom quartile).
3Y return: 17.59% (upper mid).
1Y return: 6.51% (bottom quartile).
Alpha: -0.61 (bottom quartile).
Sharpe: 0.05 (lower mid).
Information ratio: 0.18 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding HDFC Bank Ltd (~5.9%).

Below is the key information for Edelweiss Long Term Equity Fund

Edelweiss Long Term Equity Fund Growth
Launch Date	30 Dec 08
NAV (01 Jan 26)	₹116.22 ↑ 0.21 (0.18 %)
Net Assets (Cr)	₹448 on 30 Nov 25
Category	Equity - ELSS
AMC	Edelweiss Asset Management Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	2.34
Sharpe Ratio	0.05
Information Ratio	0.18
Alpha Ratio	-0.61
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹13,036
31 Dec 22	₹13,025
31 Dec 23	₹16,512
31 Dec 24	₹19,810
31 Dec 25	₹21,143

Edelweiss Long Term Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689 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 1 Jan 26

Duration	Returns
1 Month	0.1%
3 Month	6.4%
6 Month	3%
1 Year	6.5%
3 Year	17.6%
5 Year	16.1%
10 Year
15 Year
Since launch	15.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.7%
2023	20%
2022	26.8%
2021	-0.1%
2020	30.4%
2019	13.7%
2018	9.2%
2017	-9.1%
2016	37.7%
2015	-1.1%

Fund Manager information for Edelweiss Long Term Equity Fund

Name	Since	Tenure
Ashwani Agarwalla	1 Aug 23	2.34 Yr.
Trideep Bhattacharya	1 Aug 23	2.34 Yr.
Raj Koradia	1 Aug 24	1.33 Yr.

Data below for Edelweiss Long Term Equity Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	36.43%
Technology	11.55%
Consumer Cyclical	10.8%
Industrials	8.88%
Health Care	7.51%
Energy	7.08%
Basic Materials	4.41%
Consumer Defensive	4.28%
Communication Services	3.94%
Utility	1.88%
Real Estate	1.17%

Asset Allocation

Asset Class	Value
Cash	2.06%
Equity	97.93%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Nov 10 \| HDFCBANK	6%	₹27 Cr	264,546 ↓ -11,144
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 15 \| RELIANCE	5%	₹24 Cr	154,769
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 19 \| BHARTIARTL	4%	₹18 Cr	84,003
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 17 \| ICICIBANK	3%	₹15 Cr	110,137 ↓ -16,426
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Sep 15 \| LT	3%	₹14 Cr	33,431
State Bank of India (Financial Services) Equity, Since 31 May 18 \| SBIN	3%	₹13 Cr	132,962 ↓ -16,252
Muthoot Finance Ltd (Financial Services) Equity, Since 31 Dec 24 \| MUTHOOTFIN	2%	₹11 Cr	28,474
Infosys Ltd (Technology) Equity, Since 31 Jul 15 \| INFY	2%	₹9 Cr	59,889
BSE Ltd (Financial Services) Equity, Since 31 Mar 24 \| BSE	2%	₹9 Cr	32,031
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 Jan 23 \| M&M	2%	₹9 Cr	24,276

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 (₹32,327 Cr).
Established history (18+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 21.58% (top quartile).
3Y return: 24.01% (top quartile).
1Y return: 6.54% (bottom quartile).
Alpha: -1.43 (bottom quartile).
Sharpe: -0.04 (bottom quartile).
Information ratio: 1.89 (top quartile).
Top sector: Financial Services.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
Equity-heavy allocation (~93%).
High-quality debt (AAA/AA ~100%).
Largest holding HDFC Bank Ltd (~8.9%).

Below is the key information for SBI Magnum Tax Gain Fund

SBI Magnum Tax Gain Fund Growth
Launch Date	7 May 07
NAV (01 Jan 26)	₹454.264 ↑ 0.14 (0.03 %)
Net Assets (Cr)	₹32,327 on 30 Nov 25
Category	Equity - ELSS
AMC	SBI Funds Management Private Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.6
Sharpe Ratio	-0.04
Information Ratio	1.89
Alpha Ratio	-1.43
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹13,104
31 Dec 22	₹14,012
31 Dec 23	₹19,617
31 Dec 24	₹25,059
31 Dec 25	₹26,714

SBI Magnum Tax Gain Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033 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 1 Jan 26

Duration	Returns
1 Month	0.7%
3 Month	5.2%
6 Month	2.4%
1 Year	6.5%
3 Year	24%
5 Year	21.6%
10 Year
15 Year
Since launch	12.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.6%
2023	27.7%
2022	40%
2021	6.9%
2020	31%
2019	18.9%
2018	4%
2017	-8.3%
2016	33%
2015	2.1%

Fund Manager information for SBI Magnum Tax Gain Fund

Name	Since	Tenure
Dinesh Balachandran	10 Sep 16	9.23 Yr.

Data below for SBI Magnum Tax Gain Fund as on 30 Nov 25

Equity Sector Allocation

Sector	Value
Financial Services	29.45%
Consumer Cyclical	10.76%
Basic Materials	9.98%
Energy	9.14%
Technology	7.33%
Industrials	6.68%
Health Care	6.67%
Utility	4.14%
Consumer Defensive	4.02%
Communication Services	3.35%
Real Estate	1.16%

Asset Allocation

Asset Class	Value
Cash	7.2%
Equity	92.69%
Debt	0.12%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Jun 07 \| HDFCBANK	9%	₹2,880 Cr	28,586,506
Reliance Industries Ltd (Energy) Equity, Since 30 Apr 06 \| RELIANCE	5%	₹1,767 Cr	11,275,148
Tata Steel Ltd (Basic Materials) Equity, Since 31 Oct 21 \| TATASTEEL	3%	₹1,041 Cr	62,000,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Jan 17 \| ICICIBANK	3%	₹1,030 Cr	7,416,237
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 Dec 16 \| M&M	3%	₹945 Cr	2,515,083
Cipla Ltd (Healthcare) Equity, Since 31 Jul 18 \| CIPLA	3%	₹934 Cr	6,098,542
State Bank of India (Financial Services) Equity, Since 31 May 06 \| SBIN	3%	₹914 Cr	9,335,639
ITC Ltd (Consumer Defensive) Equity, Since 29 Feb 12 \| ITC	3%	₹866 Cr	21,414,825
Axis Bank Ltd (Financial Services) Equity, Since 30 Sep 11 \| AXISBANK	3%	₹828 Cr	6,473,332
Mahindra & Mahindra Financial Services Ltd (Financial Services) Equity, Since 30 Nov 20 \| M&MFIN	2%	₹784 Cr	21,086,115

Disclaimer:
यहां दी गई जानकारी की सत्यता सुनिश्चित करने के लिए सभी प्रयास किए गए हैं। हालांकि, डेटा की शुद्धता के संबंध में कोई गारंटी नहीं दी जाती है। कृपया कोई भी निवेश करने से पहले योजना सूचना दस्तावेज के साथ सत्यापित करें।