Kotak ELSS Tax Saver Fund vs Shriram ELSS Tax Saver Fund
Kotak ELSS Tax Saver Fund and Shriram ELSS Tax Saver Fund are both ELSS (Tax Saving) funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +13.00% vs +8.41%, 5-year CAGR +12.24% vs +7.17%, volatility 15.76% vs 16.58%, maximum drawdown −36.43% vs −29.78%. Their portfolios overlap by 37.4% (17 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Kotak ELSS Tax Saver | Shriram ELSS Tax Saver | |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Shriram Mutual Fund |
| Compared as | ELSS (Tax Saving) | ELSS (Tax Saving) |
| NAV | ₹142.9040 | ₹23.8894 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 2 Jan 2013 | 1 Feb 2019 |
| Track record | 13.8 yrs | 7.8 yrs |
| Fund size (AUM) | ₹6,071 Cr | ₹44 Cr |
| Securities held | 53 | 72 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Kotak ELSS Tax Saver | Shriram ELSS Tax Saver | |
|---|---|---|
| 1 month | +6.17% | +6.30% |
| 3 months | +1.53% | −1.56% |
| 6 months | +6.46% | +2.42% |
| 1 year | +4.62% | −0.55% |
| 3 years (CAGR) | +13.00% | +8.41% |
| 5 years (CAGR) | +12.24% | +7.17% |
| 7 years (CAGR) | +16.30% | +11.34% |
| 10 years (CAGR) | +14.80% | — |
| Since launch (CAGR) | +15.09% | +11.86% |
| SIP return (XIRR, 5 years) ⓘ | +11.72% | +6.83% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Kotak ELSS Tax Saver | Shriram ELSS Tax Saver | |
|---|---|---|
| 2026 (year to date) | +3.38% | −1.94% |
| 2025 | +2.92% | −4.18% |
| 2024 | +23.31% | +18.73% |
| 2023 | +25.20% | +26.68% |
| 2022 | +8.37% | +3.96% |
| 2021 | +35.05% | +20.99% |
Risk
| Kotak ELSS Tax Saver | Shriram ELSS Tax Saver | |
|---|---|---|
| Volatility (annualised) ⓘ | 15.76% | 16.58% |
| Downside volatility ⓘ | 11.22% | 12.70% |
| Sharpe ratio ⓘ | 0.41 | 0.12 |
| Sortino ratio ⓘ | 0.58 | 0.15 |
| Maximum drawdown ⓘ | −36.43% | −29.78% |
| Recovery from that fall | 8 months | 5 months |
| Current fall from peak | −0.48% | −11.63% |
| Rolling 1-year return: worst | −26.73% | −20.29% |
| Rolling 1-year return: median | +13.39% | +10.20% |
| Rolling 1-year return: best | +91.13% | +67.41% |
| Share of 1-year periods with a loss | 15.32% | 26.68% |
Against each fund's benchmark
| Kotak ELSS Tax Saver | Shriram ELSS Tax Saver | |
|---|---|---|
| Beta ⓘ | 0.95 | 1.00 |
| Alpha (Jensen's, annualised) ⓘ | +0.77% | −2.75% |
| R² ⓘ | 92.71 | 84.07 |
| Upside capture | 104.46% | 95.40% |
| Downside capture | 104.00% | 110.31% |
| Tracking error | 4.25% | 6.80% |
| Information ratio | 0.15 | -0.47 |
| Treynor ratio | 4.53 | 0.46 |
Portfolio
Asset mix
| Kotak ELSS Tax Saver | Shriram ELSS Tax Saver | |
|---|---|---|
| Equity | 98.48% | 95.03% |
| Cash & equivalents | 1.52% | 4.97% |
Market-cap split (share of fund assets)
| Kotak ELSS Tax Saver | Shriram ELSS Tax Saver | |
|---|---|---|
| Large Cap | 60.58% | 61.85% |
| Mid Cap | 21.46% | 9.06% |
| Small Cap | 15.49% | 24.12% |
| Unclassified | 0.95% | 0.00% |
Concentration
| Kotak ELSS Tax Saver | Shriram ELSS Tax Saver | |
|---|---|---|
| Top 10 holdings | 37.25% | 36.17% |
| Effective number of stocks ⓘ | 38.5 | 43.4 |
| Securities held | 53 | 72 |
Portfolio overlap: 37.4%
17 companies are held by both funds; by weight, 37.4% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Kotak ELSS Tax Saver | Shriram ELSS Tax Saver |
|---|---|---|
| HDFC Bank Limited | 7.00% | 7.47% |
| ICICI Bank Limited | 5.01% | 5.02% |
| State Bank of India | 4.98% | 4.02% |
| Bharti Airtel Limited | 3.47% | 3.79% |
| Axis Bank Limited | 2.02% | 4.06% |
| NTPC Limited | 2.76% | 1.91% |
| Eternal Limited | 3.16% | 1.85% |
| InterGlobe Aviation Limited | 1.85% | 1.89% |
| Mahindra & Mahindra Limited | 1.70% | 2.03% |
| Reliance Industries Limited | 1.60% | 3.90% |
| Larsen & Toubro Limited | 2.48% | 1.46% |
| TVS Motor Company Ltd. | 1.69% | 1.22% |
| Sun Pharmaceutical Industries Limited | 2.39% | 1.07% |
| Tech Mahindra Limited | 3.01% | 0.99% |
| Kalpataru Projects International Ltd | 1.99% | 0.82% |
Top 10 holdings
Kotak ELSS Tax Saver
- HDFC Bank Limited7.00%
- ICICI Bank Limited5.01%
- State Bank of India4.98%
- Bharti Airtel Limited3.47%
- Eternal Limited3.16%
- Tech Mahindra Limited3.01%
- NTPC Limited2.76%
- Divi's Laboratories Limited2.68%
- Hero MotoCorp Limited2.59%
- Dixon Technologies (India) Limited2.59%
Shriram ELSS Tax Saver
- HDFC Bank Limited7.47%
- ICICI Bank Limited5.02%
- Axis Bank Limited4.06%
- State Bank of India4.02%
- Reliance Industries Limited3.90%
- Bharti Airtel Limited3.79%
- Mahindra & Mahindra Limited2.03%
- KFin Technologies Limited2.00%
- Samhi Hotels Ltd.1.96%
- Kirloskar Oil Engines Limited1.92%
Sector exposure
| Kotak ELSS Tax Saver | Shriram ELSS Tax Saver | |
|---|---|---|
| Banks | 22.96% | 21.85% |
| Pharmaceuticals & Biotechnology | 7.51% | 3.99% |
| IT - Software | 3.01% | 6.51% |
| Retailing | 6.45% | 2.86% |
| Finance | 6.36% | 2.26% |
| Construction | 6.10% | 2.95% |
| Automobiles | 5.98% | 5.54% |
| Chemicals & Petrochemicals | 4.84% | 2.12% |
| Healthcare Services | 1.19% | 4.37% |
| Telecom - Services | 4.33% | 3.79% |
| Petroleum Products | 3.76% | 4.27% |
| Industrial Products | 0.00% | 3.67% |
| Capital Markets | 1.51% | 3.24% |
| Consumer Durables | 3.14% | 0.00% |
Questions people ask
What is the difference between Kotak ELSS Tax Saver and Shriram ELSS Tax Saver returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +4.62% vs −0.55%; 3-year CAGR +13.00% vs +8.41%; 5-year CAGR +12.24% vs +7.17%; 10-year CAGR +14.80% vs —. Past returns do not indicate future returns.
How do Kotak ELSS Tax Saver and Shriram ELSS Tax Saver compare on risk?
Volatility (36 monthly returns, annualised) 15.76% vs 16.58%; Sharpe ratio 0.41 vs 0.12; Sortino ratio 0.58 vs 0.15; maximum drawdown −36.43% vs −29.78%; beta 0.95 vs 1.00.
How much do Kotak ELSS Tax Saver and Shriram ELSS Tax Saver overlap?
By weight, 37.4% of the two portfolios is invested in the same companies; 17 stocks are held by both, the largest shared positions being HDFC Bank Limited, ICICI Bank Limited, State Bank of India. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Kotak ELSS Tax Saver and Shriram ELSS Tax Saver?
Kotak ELSS Tax Saver: large cap 60.6%, mid cap 21.5%, small cap 15.5%. Shriram ELSS Tax Saver: large cap 61.9%, mid cap 9.1%, small cap 24.1% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 6 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.