HealthyDirect · GrowthFit for a long SIP
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund
- NAV
- 13.3982
- 28 Oct 2026
- 1Y
- -6.6%
- Trailing CAGR
- AUM
- ₹294.78 Cr
- 31 Aug 2026
- Volatility
- Medium
- 15.1% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 28 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 90% of rolling 1-year windows.
Buy checklist
History depth
Watch
3.0 years - usable, still building a track record.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.36% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -18.7%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 21.7% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
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 19%. 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
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
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-6.6%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+10.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-8.5%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +10.3%
- Calendar-day CAGR
- Excess 1Y
- -0.0%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -18.7%
- Worst peak-to-trough
- Current
- -9.2%
- Below last peak
- Current spell
- 86 days
- Days below latest peak
- Time below peak
- +87%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 16 days
- 35 recovered episodes
- Longest recovery
- 262 days
- Trough to prior peak
26 Sept 2024 – 17 Nov 2025
Trough 28 Feb 2025 · recovered in 262 days
-18.7%
2 Jan 2026 – 3 Aug 2026
Trough 30 Mar 2026 · recovered in 126 days
-14.3%
3 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-10.5%
3 Jun 2024 – 10 Jun 2024
Trough 4 Jun 2024 · recovered in 6 days
-6.8%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
8
Vs category
50
Consistency
90
Risk-adjusted
43
Drawdown
53
Mean
49
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 90% of rolling 1-year windows.
Portfolio
31 Aug 2026 · 251 holdings · top 10 are 21.7%.
- Top 5
- 14.6%
- Top 10
- 21.7%
- Largest holding
- 3.9%
- Effective holdings
- 107.0
HDFC Bank Ltd
Financial
3.9%
ICICI Bank Ltd
Financial
3.8%
Reliance Industries Ltd
Energy & Utilities
3.1%
Bharti Airtel Ltd
Technology
2.0%
Larsen & Toubro Ltd
Industrials
1.7%
What changed
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
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
17 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
15 Sept 2026
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.
9 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Groww Nifty Next 50 Index Fund
Groww Mutual Fund
- 1Y
- -2.3%
- 3Y
- n/a
- Vol
- 16.6%
- Max DD
- -14.3%
- Sharpe
- -0.21
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
JioBlackRock Nifty Midcap 150 Index Fund
Jio BlackRock Mutual Fund
- 1Y
- -4.2%
- 3Y
- n/a
- Vol
- 15.9%
- Max DD
- -14.0%
- Sharpe
- -0.37
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
Aditya Birla Sun Life BSE 500 Quality 50 Index Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- -4.4%
- 3Y
- n/a
- Vol
- 13.6%
- Max DD
- -11.4%
- Sharpe
- -0.34
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher trailing returns
Caveat: Higher TER
Aditya Birla Sun Life Nifty 50 Equal Weight index Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- -6.6%
- 3Y
- +10.8%
- Vol
- 13.7%
- Max DD
- -18.0%
- Sharpe
- 0.44
- 3Y win
- +28%
- Lower volatility
- Shallower drawdown
- Higher trailing returns
Caveat: Higher TER
Aditya Birla Sun Life Nifty India Defence Index Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +8.8%
- 3Y
- n/a
- Vol
- 27.7%
- Max DD
- -27.8%
- Sharpe
- 0.33
- 3Y win
- n/a
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER