Kotak ELSS Tax Saver Fund

Q: What are the returns of this mutual fund scheme?

The Kotak ELSS Tax Saver Fund is a 20 yrs 4 m old fund and has delivered average annual returns of 12.81% since inception. Kotak ELSS Tax Saver Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.96% 15.15% 15.02% 15.38% 12.81%

Q: How much does this mutual fund charge as expense ratio?

The Kotak ELSS Tax Saver Fund has an expense ratio of 1.76% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹114.286-0.52% 1 day change	12.81% p.a.	App exclusive #NA View Ranked Funds	₹6,452 Cr

Historical NAV & returns

NAV: ₹114.286 as on Feb 02, 2026

This fund Category average

Kotak ELSS Tax Saver Fund overview

AUM (Fund size)	₹6,452 Cr
Exit load	0%
Lock-in Period	3 Years
Age	20 yrs 4 m since Sep 29, 2005
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	1.76% as on Feb 01, 2026
Plan type	Regular
Risk	Very High
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Kotak ELSS Tax Saver Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-3.68%	-5.09%
3 Months	-2.81%	-5.29%
6 Months	-0.4%	-1.99%
1 Year	6.96%	4.27%
2 Years	9.05%	7.05%
3 Years	15.15%	14.55%
4 Years	11.68%	10.59%
5 Years	15.02%	13.27%
7 Years	15.74%	13.3%
10 Years	15.38%	12.91%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 72.38%

Mid Cap 18.43%

Small Cap 8.36%

Other Cap 0%

Top holdings

HDFC Bank Ltd.9.22%

State Bank of India4.8%

ICICI Bank Ltd.4.79%

Bharti Airtel Ltd.3.85%

Top sectors

Financial 30.14%

Energy 10.94%

Technology 8.73%

Services 8.23%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Repo 1.01%

Other Holdings

Others 1.01%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Kotak ELSS Tax Saver Fund	-3.68%	-0.4%	6.96%	15.15%	15.02%	15.38%
SBI ELSS Tax Saver Fund	-4.03%	1.2%	7.03%	22.96%	19.07%	15.9%
HDFC ELSS Tax Saver Fund	-3.92%	1.12%	9.5%	20.39%	19.23%	15.65%
Parag Parikh ELSS Tax Saver Fund	-4.08%	-2.6%	2.31%	14.99%	16.37%	11.86%
DSP ELSS Tax Saver Fund	-3.89%	2.46%	9.72%	19.42%	17.14%	16.87%
Franklin India ELSS Tax Saver Fund	-4.69%	-1.98%	3.8%	17.3%	15.72%	13.93%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Kotak ELSS Tax Saver Fund	12.49	0.92	0.74	0.94
SBI ELSS Tax Saver Fund	12.9	0.96	1.24	1.95
HDFC ELSS Tax Saver Fund	10.97	0.83	1.24	2.04
Parag Parikh ELSS Tax Saver Fund	9.45	0.69	0.95	1.49
DSP ELSS Tax Saver Fund	12.91	0.97	1.0	1.81
Franklin India ELSS Tax Saver Fund	12.32	0.94	0.91	1.34

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Kotak ELSS Tax Saver Fund	N.A.	6,452 Cr	20 yrs 4 m	1.76%
SBI ELSS Tax Saver Fund	N.A.	32,609 Cr	18 yrs 8 m	1.57%
HDFC ELSS Tax Saver Fund	N.A.	17,163 Cr	30 yrs 1 m	1.7%
Parag Parikh ELSS Tax Saver Fund	N.A.	5,915 Cr	6 yrs 6 m	1.72%
DSP ELSS Tax Saver Fund	N.A.	17,609 Cr	19 yrs 2 m	1.64%
Franklin India ELSS Tax Saver Fund	N.A.	6,693 Cr	26 yrs 9 m	1.83%

View all Elss funds

Key risk & return ratios Compared to other funds in the category

Alpha	0.07 vs. 6.46 Underperformed at beating benchmark
Sharpe	0.74 vs. 5.08 Poor risk-adjusted returns
Beta	0.92 vs. 0.97 Less sensitive to market ups & downs
Standard deviation	12.49 vs. 12.69 More stable returns

Compare Kotak ELSS Tax Saver Fund in detail with

About this fund

About Kotak ELSS Tax Saver Fund

Kotak ELSS Tax Saver Fund is a ELSS mutual fund scheme from Kotak Mahindra Mutual Fund. This fund has been in existence for 20 yrs 4 m, having been launched on 29/09/2005. Kotak ELSS Tax Saver Fund has ₹6,452 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Kotak ELSS Tax Saver Fund as of 02/02/2026 is ₹114.29. The fund has an expense ratio of 1.76%, which is higher than what most other Elss funds charge.

Kotak ELSS Tax Saver Fund returns of last 1-year are 5.33%. Since launch, it has delivered 12.81% average annual returns. The fund has doubled the money invested in it every 5 yrs.
Kotak ELSS Tax Saver Fund scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is below average.
The fund has the majority of its money invested in Financial, Energy, Technology, Services, Automobile sectors. It has taken less exposure in Financial, Energy sectors compared to other funds in the category.
The fund's top 5 holdings are in HDFC Bank Ltd., State Bank of India, ICICI Bank Ltd., Bharti Airtel Ltd., Infosys Ltd..

...

Fund AUM	6,452 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Harsha Upadhyaya

Mr. Upadhyaya is a B.E (Mechanical) from NIT Suratkal, PGDM from IIM Lucknow and CFA from the CFA Institute, USA. Prior to joining Kotak Mutual fund he has worked with DSP Mutual Fund and UTI AMC.

Investment objective

The scheme aims 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 per the prevailing tax laws.

Kotak Mahindra Mutual Fund details

No. of schemes	84 view all schemes
Total AUM	5,88,199 Cr as on Dec 31, 2025
Address	The Capital Building, Behind ICICI Bank, G Block BKC, Bandra Kurla Complex Bandra (E) Mumbai, 400051
Phone	022-61152100 / 1800-22-2626

More funds from Kotak Mahindra Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Kotak Infrastructure and Economic Reform Fund	N.A.	2,353 Cr	4.21%	22.47%
Kotak Midcap Fund	N.A.	60,637 Cr	8.35%	19.75%
Kotak US Specific Equity Passive FoF	N.A.	3,770 Cr	26.62%	18.64%
Kotak Contra Fund	N.A.	5,136 Cr	9.74%	17.26%
Kotak Large & Midcap Fund	N.A.	30,039 Cr	11.95%	17.22%
Kotak Small Cap Fund	N.A.	17,258 Cr	-6.28%	17.1%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Kotak ELSS Tax Saver Fund?

The current Net Asset Value (NAV) of the Kotak ELSS Tax Saver Fund plan is approximately ₹114.286 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Kotak ELSS Tax Saver Fund is a 20 yrs 4 m old fund and has delivered average annual returns of 12.81% since inception.

Kotak ELSS Tax Saver Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.96%	15.15%	15.02%	15.38%	12.81%

How much does this mutual fund charge as expense ratio?

The Kotak ELSS Tax Saver Fund has an expense ratio of 1.76%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Kotak ELSS Tax Saver Fund currently has assets under management (AUM) or fund size valued at approximately 6,452 Cr as on Dec 31, 2025.

What are the top stock holdings of Kotak ELSS Tax Saver Fund?

The Kotak ELSS Tax Saver Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
HDFC Bank Ltd.	9.22%
State Bank of India	4.8%
ICICI Bank Ltd.	4.79%
Bharti Airtel Ltd.	3.85%
Infosys Ltd.	3.45%
Axis Bank Ltd.	3.34%
Tech Mahindra Ltd.	3.33%
Hindustan Petroleum Corporation Ltd.	2.9%
Hero Motocorp Ltd.	2.68%
Britannia Industries Ltd.	2.66%

What are the top sectors Kotak ELSS Tax Saver Fund has invested in?

The Kotak ELSS Tax Saver Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	30.14%
Energy	10.94%
Technology	8.73%
Services	8.23%
Automobile	7.93%
Chemicals	5.609999999999999%
Capital Goods	4.26%
Healthcare	3.96%
Communication	3.94%
Consumer Staples	3.67%

What is risk level of Kotak ELSS Tax Saver Fund?

This is a Elss fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

Yes, this fund comes with a mandatory lock-in period of 3 years.

How can I redeem my investments in Kotak ELSS Tax Saver Fund?

Redeeming your investments in the Kotak ELSS Tax Saver Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in ELSS

#NA

Return Outperformance: This fund has generated highest return amongst ELSS funds in the last 10 Years.
Chance: This fund has generated a 10.6% annual return in 70% of times for investors holding for at least 5 years.
Exit Load: This fund has no exit load.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.