SBI Mutual Fund · Direct Growth · SEBI Category: ELSS
SBI ELSS Tax Saver Fund is India's second largest ELSS fund by AUM — backed by SBI Funds Management's unmatched distribution network across SBI bank branches nationwide. The fund qualifies for tax deduction under Section 80C up to ₹1.5 lakh per year while investing in a diversified portfolio of equity and equity-related instruments with a mandatory 3-year lock-in period.
The fund adopts a growth-oriented investment approach — identifying companies with strong earnings momentum and scalable business models across large, mid and small cap segments. SBI MF's deep research team and access to management meetings across corporate India supports the stock selection process. The large AUM means the portfolio is well-diversified across 60-80 stocks to ensure liquidity and manageability.
Dinesh Balachandran is Fund Manager at SBI Funds Management and has been managing SBI ELSS Tax Saver Fund since 2016. He applies a research-driven, growth-oriented stock selection approach to the ELSS mandate — identifying businesses with strong earnings growth potential across market caps while maintaining the diversification required for a large AUM fund.
For current co-manager details and full biography, refer to the latest SBI Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
Live data. Current fund highlighted. Click any fund name for full analysis.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| Axis ELSS Tax Saver Fund | ₹103.64 | ₹31.8K Cr Jan–Mar 2026 | -3.3% | +10.8% p.a. | +7.9% p.a. | 0.41 |
| SBI ELSS Tax Saver Fund ▲ | ₹458.76 | ₹28.6K Cr Jan–Mar 2026 | -1.6% | +19.3% p.a. | +17.2% p.a. | 1.06 |
| Mirae Asset ELSS Tax Saver Fund | ₹55.04 | ₹25.5K Cr Jan–Mar 2026 | +2.3% | +15.2% p.a. | +13.2% p.a. | 0.73 |
| DSP ELSS Tax Saver Fund | ₹149.58 | ₹16.0K Cr Jan–Mar 2026 | -2.5% | +16.7% p.a. | +14.3% p.a. | 0.85 |
| HDFC ELSS Tax Saver | ₹1,422.13 | ₹15.1K Cr Jan–Mar 2026 | -4.7% | +16.2% p.a. | +16.7% p.a. | 0.90 |
Calculated from 2,574 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how SBI ELSS Tax Saver FUND ranks against other ELSS funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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