MonitorDirect · GrowthWatch before adding
SBI ELSS Tax Saver Fund
SBI Mutual FundEquity Scheme - ELSS13.8 years
The scheme seeks capital appreciation through investments in equities, cumulative convertible preference shares and fully convertible debentures and bonds. The scheme was converted into an open-ended plan in November 1999.
- NAV
- 443.7022
- 29 Oct 2026
- 1Y
- -9.0%
- Trailing CAGR
- AUM
- ₹30,026.63 Cr
- 30 Sept 2026
- Volatility
- Medium
- 15.2% annualized
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 · Three-year return is above the category median.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
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
1.23% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -38.2%. Ask whether you can hold through a similar fall.
Vs category
Watch
48% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Milind Agrawal · 0.8 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 ≈ 41.9% 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 38%. 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-9.0%
- 3Y+13.4%
- 5Y+13.2%
- 10Y+13.6%
- SI+14.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-9.8%
- 3Y+0.7%
- 5Y+11.2%
- 10Y+14.8%
- Since inception
- +14.6%
- Calendar-day CAGR
- Excess 1Y
- -1.8%
- Category median, same plan and option
- 3Y win rate
- +48%
- Windows beating the median
- 3Y percentile
- 75
- Vs comparable share classes
- SIP 3Y XIRR
- +0.7%
- Simulated monthly SIP
- Worst rolling 3Y
- -8.2%
- 2662 daily-ending windows
- Median rolling 3Y
- +17.6%
- Calendar-day CAGR
- Positive rolling 5Y
- +99%
- 2169 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -38.2%
- Worst peak-to-trough
- Current
- -10.5%
- Below last peak
- Current spell
- 300 days
- Days below latest peak
- Time below peak
- +88%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 12 days
- 152 recovered episodes
- Longest recovery
- 270 days
- Trough to prior peak
23 Jan 2018 – 17 Nov 2020
Trough 23 Mar 2020 · recovered in 239 days
-38.2%
7 Aug 2015 – 28 Jul 2016
Trough 12 Feb 2016 · recovered in 167 days
-20.1%
12 Nov 2021 – 12 Sept 2022
Trough 20 Jun 2022 · recovered in 84 days
-16.7%
27 Sept 2024 – 2 Jan 2026
Trough 7 Apr 2025 · recovered in 270 days
-15.8%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
75
Vs category
39
Consistency
47
Risk-adjusted
55
Drawdown
5
Mean
44
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
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Maximum drawdown exceeded 35%.
Supporting reads
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 90 holdings · top 10 are 41.9%.
- Top 5
- 29.0%
- Top 10
- 41.9%
- Largest holding
- 6.8%
- Effective holdings
- 37.5
Kotak Mahindra Bank Ltd
Financial
6.8%
ICICI Bank Ltd
Financial
6.5%
HDFC Bank Ltd
Financial
5.9%
Repo
Unspecified
5.3%
Reliance Industries Ltd
Energy & Utilities
4.7%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
24 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Sept 2026
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
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 win rate vs category
- Lower TER
Caveat: Lower trailing returns
Motilal Oswal ELSS Tax Saver Fund
Motilal Oswal Mutual Fund
- 1Y
- +1.9%
- 3Y
- +20.1%
- Vol
- 17.7%
- Max DD
- -37.7%
- Sharpe
- 0.65
- 3Y win
- +66%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
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
PGIM India ELSS Tax Saver Fund
PGIM India Mutual Fund
- 1Y
- -5.8%
- 3Y
- +9.4%
- Vol
- 15.0%
- Max DD
- -36.7%
- Sharpe
- 0.53
- 3Y win
- +55%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns