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Sundaram ELSS Tax Saver Fund Direct Plan Growth is an equity scheme managed by Sundaram Mutual Fund. Over rolling three-year windows since inception, investors earned a median compounded return of 15.33%, with the bottom and top quartiles at 14.05% and 16.32% respectively. It has ranked in the top half of its category for 0 of the last 1 reported years. The total expense ratio is 1.64% on assets of ₹1,296Cr. The fund is currently managed by Shalav Saket, appointed within the last year.
Lower is better.
This scheme classifies as Large-Value on the 3x3 equity style box, with 92% of its portfolio classified as of 2026-05-29.
| Holding | Sector |
|---|
| Window | Min | P25 | Median |
|---|
Point-in-time CAGRs cherry-pick a single start date. The chart below shows the distribution of every possible rolling start over the fund's history, so you see the range of investor outcomes — not just one date's number.
Backtested SIP outcomes across both rolling-window scenarios and named historical stress events (COVID, Election uncertainty, Russia/Ukraine, etc.), plus per-manager alpha during their tenure on this scheme.
Same fund, monthly SIPs over rolling 1/3/5-year windows.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future results. MintByte is an AMFI-registered Mutual Fund Distributor (ARN-314872) and APMI member (APRN-01658). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Star ratings on this page reflect a 3-year category-quartile position computed in-house and are educational only.
Mutual fund schemes are subject to market risk. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.
In-house derivations using 3-year daily NAV vs benchmark. See methodology.
| Weight |
|---|
| HDFC BANK LIMITED | Financial Services | 6.89% |
| ICICI BANK LIMITED | Financial Services | 5.76% |
| RELIANCE INDUSTRIES LIMITED | Energy | 4.37% |
| AXIS BANK LIMITED | Financial Services | 4.28% |
| BHARTI AIRTEL LIMITED | Communication Services | 3.92% |
| STATE BANK OF INDIA | Financial Services | 3.87% |
| LARSEN AND TOUBRO LIMITED | Industrials | 3.46% |
| INFOSYS LIMITED | Technology | 3.18% |
| KIRLOSKAR OIL ENGINES LIMITED | Industrials | 2.57% |
| ULTRATECH CEMENT LIMITED | Basic Materials | 2.41% |
| MAHINDRA AND MAHINDRA LIMITED | Consumer Cyclical | 2.18% |
| FORCE MOTORS LIMITED | Consumer Cyclical | 2.15% |
| ITC LIMITED | Consumer Defensive | 2.10% |
| NTPC LIMITED | Utilities | 1.93% |
| OIL AND NATURAL GAS CORPORATION LIMITED | Energy | 1.82% |
| UNION BANK OF INDIA | Financial Services | 1.79% |
| CUMMINS INDIA LIMITED | Industrials | 1.75% |
| CIPLA LIMITED | Healthcare | 1.71% |
| INDUSIND BANK LIMITED | Financial Services | 1.70% |
| Elecon Engineering Company Limited | Industrials | 1.48% |
| ALKEM LABORATORIES LIMITED | Healthcare | 1.42% |
| GAIL (INDIA) LIMITED | Utilities | 1.33% |
| DELHIVERY LIMITED | Industrials | 1.32% |
| UNITED SPIRITS LIMITED | Consumer Defensive | 1.30% |
| PB FINTECH LIMITED | Financial Services | 1.29% |
| Sector | Holdings | Weight |
|---|---|---|
| Financial Services | 8 | 29.88% |
| Capital Goods | — | 9.23% |
| Oil, Gas & Consumable Fuels | — | 7.52% |
| Information Technology | — | 7.33% |
| Automobile and Auto Components | — | 5.08% |
| Consumer Services | — | 4.98% |
| Construction Materials | — | 4.66% |
| Fast Moving Consumer Goods | — | 4.56% |
| Healthcare | 3 | 4.16% |
| Telecommunication | — | 3.92% |
Active bets vs the average Equity fund. Biggest deviations shown first.
Accent bar = fund's actual sector weight. Vertical black tick = category average for the same sector. Green overlay = overweight, dashed red = underweight. The biggest active bets show first.
| P75 |
|---|
| Max |
|---|
| Positive % |
|---|
| 1Y | -3.75% | 4.73% | 12.88% | 24.64% | 39.25% | 93.5% |
| 3Y | 10.85% | 14.05% | 15.33% | 16.32% | 21.12% | 100.0% |
Each cell is one year. Q1 = top quartile within the AMFI category for that period. Cell label is the last two digits of the year.
Top-10 weight 40.7% means the portfolio is broad — even the top names don't dominate. Effective-N is the inverse Herfindahl index — a measure of "how many positions effectively drive the fund" after weighting. Category: Equity.
Compounding maths on a notional ₹10 lakh lumpsum at 12% gross annual return. Green bar is what you'd have without the fee; red overlay is the fee drag. Fee is constant in this scenario — actual outcomes depend on real returns and any future TER changes.
What an investor SIPping into this fund actually got during named market shocks.
Each row is a back-tested SIP — monthly contribution over the regime's duration, no fees adjustment beyond NAV-baked TER. XIRR is the annualised IRR of those cashflows; Abs return is the absolute cash-on-cash; Max DD is the deepest drawdown experienced mid-investment. Past performance is not indicative of future results.
Alpha is the annualised excess return vs benchmark over the manager's tenure on this scheme. Beat-benchmark = total return beat the index over the same window.
Does the fund get worse as it gets bigger? Each dot is one historical manager-tenure: AUM at tenure-end vs alpha delivered during that tenure.
Correlation is too weak to confirm or rule out capacity-driven alpha decay. Re-evaluate as more manager-tenure data accumulates.
Each dot is one manager-tenure: X = AUM at tenure end, Y = alpha during that tenure. Connecting line in chronological order. Pearson r measures the linear relationship between AUM and alpha across the historical record. n = 3 data points.