Shriram ELSS Tax Saver Fund Direct Growth
NAV as on 15-04-2025
₹ 22.23
▲2.6%
1D
Inception Returns
13.7%
/yr
Historical NAV & Returns
Absolute
▲
▼
66 people have invested ₹ 1.2L in Shriram ELSS Tax Saver Fund Direct Growth in the last three months
About Shriram ELSS Tax Saver Fund Direct Growth
Shriram ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 19 January, 2019. The fund is managed by Gargi Banerjee. The fund could potentially beat inflation in the long-run.
Key Parameters
- Shriram ELSS Tax Saver Fund Direct Growth has ₹48 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.8.
Returns
Shriram ELSS Tax Saver Fund Direct Growth has given a CAGR return of 13.67% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of -2.28%, 11.11% and 18.74% respectively.
Holdings
Shriram ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Health, Consumer Cyclical, Industrial, Tech, Basic Materials, Consumer Defensive, Communication. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Eicher Motors Ltd, Bajaj Holdings and Investment Ltd, InterGlobe Aviation Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of Shriram ELSS Tax Saver Fund Direct Growth
The primary investment objective of the Scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Shriram ELSS Tax Saver Fund Direct Growth of 3 Years
Shriram ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.81% |
Benchmark | Nifty 500 TR INR |
| AUM | ₹48 Cr |
| Inception Date | 19 January, 2019 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 70% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
INDmoney Rank for Shriram ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
5Y returns in the bottom 25% of the category
Trailing Returns
as on (15-Apr-25)
Fund Distribution
as on (31-Mar-25)
Large cap
54.6%
Mid cap
26.2%
Small cap
16.2%
Sector Allocation
Financial Services
36.2%
Health
14.4%
Consumer Cyclical
13.5%
Industrial
10.9%
Tech
8.7%
Basic Materials
7%
Consumer Defensive
5.6%
Communication
3.6%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 7.61% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
- This fund outperformed Nifty 500 by 0.36% in Mar'25
- AUM of the fund stands at 47.9 Cr as of Mar'25
- AUM increased by 3.6 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Godrej Agrovet Ltd Ordinary Shares's allocation increased from 0.45% to 2.38%
ICICI Bank Ltd's allocation increased from 3.51% to 5.21%
InterGlobe Aviation Ltd's allocation increased from 2.22% to 3.63%
Top Stocks sold last month
Eicher Motors Ltd's allocation decreased from 5.26 % to 3.8 %
Bharti Airtel Ltd's allocation decreased from 4.78 % to 3.55 %
Marico Ltd's allocation decreased from 2.72 % to 2.11 %
Mid Cap allocation has gone up from 23.8% to 26.2%
Large Cap allocation has gone down from 56.2% to 54.6%
Small Cap allocation has gone up from 14.9% to 16.2%
Cash allocation has gone down from 5.1% to 2%
Top 3 Sectors in March were Financial Services, Consumer Cyclical & Tech
Mar'25
Financial Services
36%
Health
14%
Consumer Cyclical
14%
Feb'25
Financial Services
24%
Consumer Cyclical
18%
Tech
15%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 5.21% | 43.4% | |
 HDFC Bank Ltd | 4.28% | 47.4% | |
 Eicher Motors Ltd | 3.8% | 17.2% | |
 Bajaj Holdings and Investment Ltd | 3.65% | 16.7% | |
 InterGlobe Aviation Ltd | 3.63% | 54.5% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Shriram ELSS Tax Saver Fund Direct Growth | -2.28% | 11.11% | 18.74% | 13.67% |
 LIC MF ELSS Tax Saver -Direct Plan Growth Option | 15.13% | 14.83% | 23.27% | 14.89% |
 DSP ELSS Tax Saver Fund Direct Plan Growth | 14.7% | 18.07% | 28.54% | 17.93% |
 SBI Long Term Equity Fund Direct Growth | 7.1% | 22.59% | 30.06% | 16.38% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Coromandel International Ltd | 9.1% |
 Interglobe Aviation Ltd | 7.8% |
 ICICI Bank Ltd | 3.4% |
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Gargi Banerjee
Fund Manager of Shriram ELSS Tax Saver Fund Direct Growth, since 19 January 2019
Top funds managed
Fund House
Shriram Asset Management Co Ltd
Total Schemes
Total AUM
₹880.35 Cr
as on 31-Mar-2025
Address
Shriram Asset Management Co. Ltd.,CK-6, 2nd Floor,,Sector II, Salt Lake City,
Phone
+913323373012
Website
info@shriramamc.com
Mutual Fund Insights
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 35.38% return, outperforming this fund by 17.66% per annum.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.81% which is lower than the category average expense ratio of 1.29%.
Over the last 6 months, this fund has experienced a 16.2% drop in AUM moving from 57.19 Cr to 47.89 Cr.
In the last 1 year, DSP ELSS Tax Saver Fund Direct Plan Growth has given 10.14% return, outperforming this fund by 16.71%.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 21.44% return, outperforming this fund by 11.69% per annum.
Shriram ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 13.67% since inception which is less than its category average return of 14.48%
Fund Allocations
This fund has an allocation of 97.99% in Equity, 0% in Debt and 2.01% in Cash related instruments
AUM size ₹48 Cr
This fund has AUM of ₹48 Cr which is less than its category average of ₹ 4910 Cr
Expense Ratio 0.81%
This fund has an expense ratio of 0.81% which is less than its category average expense ratio of 1.4%
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5Y CAGR
▲ 19.60
Frequently Asked Questions for Shriram ELSS Tax Saver Fund Direct Growth
The current NAV of Shriram ELSS Tax Saver Fund Direct Growth is ₹22.23 as on 15-Apr-2025.
Existing (Absolute + CAGR) as on 15-Apr-2025.
Shriram ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.92% | 6.92% |
6 Month Returns | -17.77% | -17.77% |
1 Year Returns | -2.28% | -2.28% |
3 Years Returns | 37.16% | 11.11% |
With INDmoney, the process of investing is very simple and involves zero commission.
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0.81% as on March 2025
₹48 Cr as on March 2025
ICICI Bank Ltd(5.21%), HDFC Bank Ltd(4.28%), Eicher Motors Ltd(3.8%), Bajaj Holdings and Investment Ltd(3.65%), InterGlobe Aviation Ltd(3.63%) as on March 2025
Financial Services(35.5%), Health(14.11%), Consumer Cyclical(13.27%) as on March 2025
The alpha ratio for the Shriram ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Shriram ELSS Tax Saver Fund Direct Growth | -7.18 | -1.67 | -3.58 |
As on March 2025
The alpha for Shriram ELSS Tax Saver Fund Direct Growth is calculated against Nifty 500 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Shriram ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Shriram ELSS Tax Saver Fund Direct Growth | 1.08 | 0.97 | 0.9 |
As on March 2025
The Beta for Shriram ELSS Tax Saver Fund Direct Growth is calculated with Nifty 500 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Shriram ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Shriram ELSS Tax Saver Fund Direct Growth | -0.31 | 0.37 | 0.9 |
As on March 2025
The sharpe ratio for Shriram ELSS Tax Saver Fund Direct Growth is calculated with Nifty 500 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Shriram ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Shriram ELSS Tax Saver Fund Direct Growth | 20.45 | 15.91 | 15.39 |
As on March 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.53 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Gargi Banerjee is the fund manager of Shriram ELSS Tax Saver Fund Direct Growth
The Exit load of Shriram ELSS Tax Saver Fund Direct Growth is 0%