Kotak ELSS Tax Saver Fund
Kotak Mahindra Mutual Fund · ELSS · Regular plan, growth option
NAV (₹), 1 Oct 2026
112.2450
1-day change
-0.91%
1Y return
-2.1%
3Y CAGR
8.7%
5Y CAGR
9.8%
Max drawdown, 5Y
−20.0%
NAV history month-end NAV, ₹ · 3 Apr 2006 to 1 Oct 2026
Returns vs ELSS median (39 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -4.9% | -5.7% |
| 3 months | -2.4% | -4.2% |
| 6 months | 7.8% | 5.9% |
| Year to date | -4.4% | -5.5% |
| 1 year | -2.1% | -3.4% |
| 3 years (CAGR) | 8.7% | 9.1% |
| 5 years (CAGR) | 9.8% | 9.2% |
| 7 years (CAGR) | 14.5% | 13.9% |
| 10 years (CAGR) | 12.6% | 12.0% |
| Since first NAV (CAGR) | 11.0% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 10.5% | 10.7% |
| 3Y rolling median | 13.8% | 14.5% |
| 3Y rolling worst | -10.7% | -5.3% |
| 3Y periods positive | 93% | 97% |
| 3Y periods ahead of benchmark | 74% | 42% |
| 5Y rolling median | 13.5% | 14.3% |
| 5Y rolling worst | -3.4% | 0.2% |
| 5Y periods ahead of benchmark | 80% | 44% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 15.4% | 15.4% |
| Sharpe ratio | 0.21 | 0.25 |
| Sortino ratio | 0.29 | 0.35 |
| Beta | 0.95 | 0.96 |
| Alpha (ann.) | 0.0% | 0.5% |
| Upside capture | 103.18 | 95.21 |
| Downside capture | 103.91 | 98.01 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −67.0% | −37.8% |
| Maximum drawdown, last 10Y | −36.5% | −36.9% |
| Maximum drawdown, last 5Y | −20.0% | −18.9% |
| Current drawdown | −9.3% | −9.3% |
| Recovery time of worst fall | 1943 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.94% a year and the Direct plan's 0.83%, a gap of 1.11%; over the last 3 years the Direct plan returned 1.28 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹25,79,849.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 24 Sep 2026: TER increased from 1.93% to 1.94% (AMFI TER disclosure)
- 18 Sep 2026: TER reduced from 1.94% to 1.93% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 1.93% to 1.94% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Harsha Upadhyaya | Primary | 25 Aug 2015 |
Objective: The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio of 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 that the objective of the scheme will be realized.
Stated asset allocation: Equity and Equity related Securities 80% to 100% Medium to High (Risk Profile) Debt and Money Market Securities* 0% to 20% Low (Risk Profile)
Benchmark (tier 1): Nifty 500 TRI
Minimum application: Rs. 500/-
Allotment date: 23 Nov 2005
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 1.94% | 2.23% |
| AUM, whole scheme (₹ crore) | 6,262 | 1,987 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | -0.5% | -2.0% TRI |
| Return, 3 years (AMFI) | 9.0% | 9.5% TRI |
| Return, 5 years (AMFI) | 10.0% | 9.0% TRI |
| Month-ends above category median (3Y CAGR) | 74% | 46% median |
| Month-ends in category top quartile (3Y) | 18% | 23% median |
| 7Y rolling CAGR, median (monthly windows) | 14.2% | 13.8% median |
Official benchmark: Nifty 500 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, ELSS Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | -4.4% | -7.8% | +3.4% |
| 2025 | 1.8% | 7.7% | −5.9% |
| 2024 | 21.8% | 15.6% | +6.2% |
| 2023 | 23.6% | 26.5% | −2.9% |
| 2022 | 6.9% | 3.8% | +3.1% |
| 2021 | 33.2% | 30.6% | +2.6% |
| 2020 | 14.9% | 17.2% | −2.3% |
| 2019 | 12.7% | n/a | – |
| 2018 | -3.8% | n/a | – |
| 2017 | 33.8% | n/a | – |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,17,657 | -3.6% |
| 3 years | ₹3,60,000 | ₹3,70,627 | 1.9% |
| 5 years | ₹6,00,000 | ₹7,34,381 | 8.0% |
| 10 years | ₹12,00,000 | ₹22,99,577 | 12.5% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: ELSS
Plan / option: Regular · Growth
AMFI scheme code: 103339
ISIN: INF174K01369
First NAV in MFIC data: 3 Apr 2006
History: 20.5 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Kotak Large & Mid Cap Fund | Large & Mid Cap | 0.98 | 10.5% |
| Bandhan Business Cycle Fund | Sectoral/Thematic | 0.98 | n/a |
| Baroda BNP Paribas Dividend Yield Fund | Dividend Yield | 0.98 | n/a |
| PGIM India Multi Cap Fund | Multi Cap | 0.97 | n/a |
| Axis Business Cycles Fund | Sectoral/Thematic | 0.97 | 10.8% |
| Bajaj Finserv Large & Mid Cap Fund | Large & Mid Cap | 0.97 | n/a |
Questions about Kotak ELSS Tax Saver Fund
- What is the latest NAV of Kotak ELSS Tax Saver Fund?
- The NAV of the Regular plan (growth option) was ₹112.2450 on 1 Oct 2026, as published by AMFI.
- Which category is Kotak ELSS Tax Saver Fund in?
- It is classified as ELSS in AMFI's daily NAV file; a ELSS scheme is an equity-linked savings scheme with a three-year lock-in. MFIC compares it with 39 ELSS schemes (Regular plans).
- What returns has Kotak ELSS Tax Saver Fund delivered?
- Over one year the NAV changed by -2.1%. The 3-year CAGR is 8.7% (category median 9.1%) and the 5-year CAGR is 9.8% (category median 9.2%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 13.8%, the lowest was -10.7%, and 93% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 74% of those periods.
- What was the largest fall in Kotak ELSS Tax Saver Fund's NAV?
- The largest peak-to-trough fall in its available history was 67.0%; within the last five years it was 20.0% (category median 18.9%).
- How volatile is Kotak ELSS Tax Saver Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 15.4%, which is above the ELSS category median of 15.4%.
- What would a monthly SIP in Kotak ELSS Tax Saver Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,34,381 on 1 Oct 2026, an annualised return (XIRR) of 8.0%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Kotak ELSS Tax Saver Fund?
- The total expense ratio of the Regular plan is 1.94% a year, as disclosed to AMFI (median of ELSS Regular plans: 2.23%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Kotak ELSS Tax Saver Fund?
- Assets under management of the whole scheme were ₹6,262 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Kotak ELSS Tax Saver Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Kotak ELSS Tax Saver Fund and how has it compared?
- Its official benchmark is the Nifty 500 TRI. Over 3 years AMFI reports a return of 9.0% for this plan against 9.5% for the benchmark total return index; over 5 years 10.0% against 9.0%. Past performance does not indicate future results.
- How often has Kotak ELSS Tax Saver Fund beaten its category?
- At 74% of the 120 month-ends compared over the last 10 years, its 3-year return was above the median of ELSS schemes (Regular plans); it was in the top quarter at 18% of them. A typical scheme would show about 50%.
- Who manages Kotak ELSS Tax Saver Fund?
- According to its Scheme Summary Document, Kotak ELSS Tax Saver Fund is managed by Harsha Upadhyaya (since 25 Aug 2015).
- What is the minimum investment in Kotak ELSS Tax Saver Fund?
- The minimum application amount is Rs. 500/-. SIP details: SIP - Rs. 500/- SWP - N.A. STP - N.A..
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by -0.9% and the Regular plan's by -2.1%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.