MonitorDirect · GrowthWatch before adding
Kotak ELSS Tax Saver Fund
Kotak Mahindra Mutual FundEquity Scheme - ELSS13.8 years
The scheme aims to generate long-term capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as per the prevailing tax laws.
- NAV
- 133.094
- 29 Oct 2026
- 1Y
- -4.4%
- Trailing CAGR
- Upside capture
- +98%
- Vs NIFTY 500 TRI
- Downside capture
- +89%
- Lower is better
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 80% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Prefer peers if · Prefer Baroda BNP Paribas ELSS Tax Saver Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.85% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -36.4%. Ask whether you can hold through a similar fall.
Vs category
Pass
80% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Harsha Upadhyaya · 11.2 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / lock-in
Watch
ELSS locks each installment for 3 years. Useful only if 80C is open on the old regime - otherwise locked equity.
Portfolio concentration
Pass
Top 10 holdings ≈ 37.3% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 36%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
ELSS lock-in
Every installment locks for 3 years. Only useful if 80C is still open on the old regime - otherwise it is locked equity, not a tax cut.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-4.4%
- 3Y+10.9%
- 5Y+10.9%
- 10Y+13.7%
- SI+14.5%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-1.9%
- 3Y+2.7%
- 5Y+9.2%
- 10Y+13.8%
- Since inception
- +14.5%
- Calendar-day CAGR
- Excess 1Y
- +3.2%
- Category median, same plan and option
- 3Y win rate
- +80%
- Windows beating the median
- 3Y percentile
- 63
- Vs comparable share classes
- SIP 3Y XIRR
- +2.7%
- Simulated monthly SIP
- Worst rolling 3Y
- -4.2%
- 2653 daily-ending windows
- Median rolling 3Y
- +17.2%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2160 daily-ending windows
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 30 Oct 2026.
- 1Y excess
- +3.2%
- Fund minus TRI
- 3Y excess
- +0.5%
- Fund minus TRI
- Upside capture
- +98%
- Benchmark-up months
- Downside capture
- +89%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -36.4%
- Worst peak-to-trough
- Current
- -7.3%
- Below last peak
- Current spell
- 762 days
- Days below latest peak
- Time below peak
- +88%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 15 days
- 147 recovered episodes
- Longest recovery
- 254 days
- Trough to prior peak
7 Feb 2020 – 11 Nov 2020
Trough 23 Mar 2020 · recovered in 233 days
-36.4%
15 Jan 2013 – 9 May 2014
Trough 28 Aug 2013 · recovered in 254 days
-24.2%
7 Aug 2015 – 14 Jul 2016
Trough 29 Feb 2016 · recovered in 136 days
-20.4%
27 Sept 2024 – open
Trough 28 Feb 2025 · not recovered
-19.6%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
63
Vs category
70
Consistency
71
Risk-adjusted
55
Drawdown
9
Mean
53
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Maximum drawdown exceeded 35%.
Supporting reads
- The fund beat the category median in 80% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 55 holdings · top 10 are 37.3%.
- Top 5
- 23.6%
- Top 10
- 37.3%
- Largest holding
- 7.0%
- Effective holdings
- 38.3
HDFC Bank Ltd
Financial
7.0%
ICICI Bank Ltd
Financial
5.0%
State Bank of India
Financial
5.0%
Bharti Airtel Ltd
Technology
3.5%
Zomato Ltd
Technology
3.2%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Baroda BNP Paribas ELSS Tax Saver Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- -3.2%
- 3Y
- +14.2%
- Vol
- 13.9%
- Max DD
- -17.3%
- Sharpe
- 0.53
- 3Y win
- +99%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Parag Parikh ELSS Tax Saver Fund
PPFAS Mutual Fund
- 1Y
- -12.2%
- 3Y
- +8.5%
- Vol
- 13.6%
- Max DD
- -29.5%
- Sharpe
- 0.80
- 3Y win
- +81%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Quant ELSS Tax Saver Fund
quant Mutual Fund
- 1Y
- +3.2%
- 3Y
- +14.8%
- Vol
- 17.0%
- Max DD
- -36.1%
- Sharpe
- 0.80
- 3Y win
- +84%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
Aditya Birla Sun Life ELSS Tax Saver Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- -7.3%
- 3Y
- +11.0%
- Vol
- 14.6%
- Max DD
- -35.1%
- Sharpe
- 0.53
- 3Y win
- +50%
- Lower volatility
- Shallower drawdown
- Higher trailing returns
Caveat: Higher TER
HDFC Long Term Advantage Plan
HDFC Mutual Fund
- 1Y
- +36.1%
- 3Y
- +21.2%
- Vol
- 16.6%
- Max DD
- -39.6%
- Sharpe
- 0.71
- 3Y win
- +95%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown