ReviewDirect · Growth
LIC MF ELSS Tax Saver Fund
LIC Mutual FundEquity Schemes - ELSS- Tax Saver Fund13.7 years
Earlier known as Dhan Tax Saver '97, the scheme seeks maximum capital growth with equity allocation up to 85 per cent of the corpus. Allocation to debentures and money market instruments can be up to 15 per cent each. It was made open-ended in April 2000.
- NAV
- 166.6502
- 15 Sept 2026
- 1Y
- -5.2%
- Trailing CAGR
- Upside capture
- +92%
- Vs NIFTY 500 TRI
- Downside capture
- +91%
- Lower is better
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-5.2%
- 3Y+8.7%
- 5Y+8.6%
- 10Y+12.0%
- SI+13.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-4.2%
- 3Y+2.4%
- 5Y+8.1%
- 10Y+11.8%
- Since inception
- +13.3%
- Calendar-day CAGR
- Excess 1Y
- -6.4%
- Category median, same plan and option
- 3Y win rate
- +16%
- Windows beating the median
- 3Y percentile
- 11
- Vs comparable share classes
- Worst rolling 3Y
- -1.8%
- 2637 daily-ending windows
- Median rolling 3Y
- +14.8%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2144 daily-ending windows
- SIP 3Y XIRR
- +2.4%
- Simulated monthly SIP
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 15 Sept 2026.
- 1Y excess
- -2.9%
- Fund minus TRI
- 3Y excess
- -0.7%
- Fund minus TRI
- Upside capture
- +92%
- Benchmark-up months
- Downside capture
- +91%
- Lower is better
Drawdown
Peak to trough from a running NAV high. Move across the path to read a date.
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 13 days
- 153 recovered episodes
- Longest recovery
- 342 days
- Trough to prior peak
- Current spell
- 719 days
- Days below latest peak
- Time below peak
- +88%
- NAV observations
12 Feb 2020 – 4 Dec 2020
Trough 23 Mar 2020 · recovered in 256 days
-35.7%
3 Mar 2015 – 6 Sept 2016
Trough 25 Feb 2016 · recovered in 194 days
-24.8%
18 Oct 2021 – 25 May 2023
Trough 17 Jun 2022 · recovered in 342 days
-18.1%
26 Sept 2024 – open
Trough 31 Mar 2026 · not recovered
-17.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
11
Vs category
10
Consistency
24
Risk-adjusted
54
Drawdown
11
Mean
22
Portfolio
31 Aug 2026 · 54 holdings · top 10 are 40.2%.
- Top 5
- 26.5%
- Top 10
- 40.2%
- Largest holding
- 8.6%
- Effective holdings
- 34.1
ICICI Bank Ltd
Financial
8.6%
HDFC Bank Ltd
Financial
6.4%
Axis Bank Ltd
Financial
4.4%
Cholamandalam Investment & Finance Company Ltd
Financial
3.8%
State Bank of India
Financial
3.3%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
11 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
10 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
8 Sept 2026
Decision
Quantitative read of the live evidence. An explanation can only restate what is already here.
As of 15 Sept 2026
Review
Engine status
Review
Closer look
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Recent return trails the category median by 3 percentage points or more, with a weak rolling win rate.
- Three-year return sits below the 25th percentile of comparable share classes.
- Maximum drawdown exceeded 35%.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
Worth investigating
Same-category peers with enough history to inspect beside this fund.
WhiteOak Capital ELSS Tax Saver Fund
WhiteOak Capital Mutual Fund
- 1Y
- +1.9%
- 3Y
- +15.2%
- Vol
- 13.2%
- Max DD
- -16.4%
- Sharpe
- 0.91
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Bajaj Finserv ELSS - Tax Saver Fund
Bajaj Finserv Mutual Fund
- 1Y
- +2.5%
- 3Y
- n/a
- Vol
- 13.0%
- Max DD
- -13.5%
- Sharpe
- 0.36
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
BANK OF INDIA ELSS TAX SAVER FUND
Bank of India Mutual Fund
- 1Y
- +1.5%
- 3Y
- +11.0%
- Vol
- 16.4%
- Max DD
- -31.7%
- Sharpe
- 0.71
- 3Y win
- +73%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Canara Robeco ELSS - Tax Saver Fund
Canara Robeco Mutual Fund
- 1Y
- +1.2%
- 3Y
- +10.9%
- Vol
- 15.4%
- Max DD
- -34.3%
- Sharpe
- 0.65
- 3Y win
- +39%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Axis ELSS- Tax Saver Fund
Axis Mutual Fund
- 1Y
- -1.8%
- 3Y
- +9.8%
- Vol
- 15.2%
- Max DD
- -33.5%
- Sharpe
- 0.70
- 3Y win
- +50%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility