ReviewDirect · GrowthPrefer peers first
Sundaram ELSS Tax Saver Fund
Sundaram Mutual FundEquity Scheme - ELSS4.8 years
The fund seeks to build a high quality growth oriented portfolio to provide long term capital appreciation through investment primarily in equities.
- NAV
- 502.9088
- 29 Oct 2026
- 1Y
- -11.1%
- Trailing CAGR
- Upside capture
- +88%
- 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
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Watch if · Recent return trails the category median by 3 percentage points or more, with a weak rolling win rate.
Prefer peers if · Prefer Parag Parikh ELSS Tax Saver Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Watch
4.8 years - usable, still building a track record.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Watch
1.78% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -16.7%. Ask whether you can hold through a similar fall.
Vs category
Fail
0% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Bharath S · 1.4 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 ≈ 40.6% 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 17%. 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
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
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-11.1%
- 3Y+8.2%
- 5Yn/a
- 10Yn/a
- SI+8.0%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-10.5%
- 3Y-0.8%
- 5Yn/a
- 10Yn/a
- Since inception
- +8.0%
- Calendar-day CAGR
- Excess 1Y
- -3.8%
- Category median, same plan and option
- 3Y win rate
- 0%
- Windows beating the median
- 3Y percentile
- 19
- Vs comparable share classes
- SIP 3Y XIRR
- -0.8%
- Simulated monthly SIP
- Worst rolling 3Y
- +6.6%
- 449 daily-ending windows
- Median rolling 3Y
- +14.7%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 30 Oct 2026.
- 1Y excess
- -3.5%
- Fund minus TRI
- 3Y excess
- -2.2%
- Fund minus TRI
- Upside capture
- +88%
- 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
- -16.7%
- Worst peak-to-trough
- Current
- -11.9%
- Below last peak
- Current spell
- 300 days
- Days below latest peak
- Time below peak
- +89%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 15 days
- 47 recovered episodes
- Longest recovery
- 243 days
- Trough to prior peak
17 Jan 2022 – 9 Sept 2022
Trough 20 Jun 2022 · recovered in 81 days
-16.7%
27 Sept 2024 – 29 Oct 2025
Trough 28 Feb 2025 · recovered in 243 days
-15.9%
2 Jan 2026 – open
Trough 31 Mar 2026 · not recovered
-15.3%
14 Dec 2022 – 5 Jun 2023
Trough 28 Mar 2023 · recovered in 69 days
-10.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
19
Vs category
26
Consistency
11
Risk-adjusted
36
Drawdown
58
Mean
30
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
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.
Supporting reads
No supporting reads in the current evidence set.
Portfolio
30 Sept 2026 · 55 holdings · top 10 are 40.6%.
- Top 5
- 24.1%
- Top 10
- 40.6%
- Largest holding
- 6.4%
- Effective holdings
- 37.8
ICICI Bank Ltd
Financial
6.4%
HDFC Bank Ltd
Financial
5.8%
Axis Bank Ltd
Financial
4.4%
Kirloskar Oil Engines Ltd
Industrials
3.7%
Bharti Airtel Ltd
Technology
3.7%
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.
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.
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
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
18 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
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
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
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%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
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%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Franklin India ELSS Tax Saver Fund
Franklin Templeton Mutual Fund
- 1Y
- -10.0%
- 3Y
- +10.3%
- Vol
- 15.3%
- Max DD
- -39.0%
- Sharpe
- 0.58
- 3Y win
- +54%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
ITI ELSS Tax Saver Fund
ITI Mutual Fund
- 1Y
- -5.7%
- 3Y
- +14.6%
- Vol
- 18.1%
- Max DD
- -38.5%
- Sharpe
- 0.55
- 3Y win
- +63%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown