Previously Known As : Shriram Long Term Equity Fund
Shriram Elss Tax Saver Fund Datagrid
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 37
Rating
Growth Option 02-04-2026
NAV ₹18.94(R) +0.11% ₹21.51(D) +0.11%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular -3.91% 8.31% 7.46% 8.72% -%
Direct -2.35% 10.09% 9.3% 10.66% -%
Nifty 500 TRI -0.6% 13.85% 12.03% 12.75% 13.69%
SIP (XIRR) Regular -16.21% -3.22% 2.96% 6.72% -%
Direct -14.8% -1.54% 4.79% 8.67% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.36 0.17 0.34 -7.09% -0.42
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
14.86% -23.62% -23.22% 1.04 11.4%
Fund AUM As on: 30/12/2025 49 Cr
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
SBI ELSS Tax Saver Fund 1
DSP ELSS Tax Saver Fund 2
HDFC ELSS Tax Saver 3
Baroda BNP Paribas ELSS Tax Saver Fund 4
Mirae Asset ELSS Tax Saver Fund 5
HSBC Elss Tax Saver Fund 6
Nippon India ELSS Tax Saver Fund 7
Tata ELSS Fund 8

NAV Date: 02-04-2026

Scheme Name NAV Rupee Change Percent Change
Shriram ELSS Tax Saver Fund - Regular Growth 18.94
0.0200
0.1100%
Shriram ELSS Tax Saver Fund - Regular-IDCW 18.94
0.0200
0.1100%
Shriram ELSS Tax Saver Fund - Direct- IDCW 21.35
0.0200
0.1100%
Shriram ELSS Tax Saver Fund - Direct Growth 21.51
0.0200
0.1100%

Review Date: 02-04-2026

Beginning of Analysis

In the ELSS (Tax Saving) Fund category, Shriram ELSS Tax Saver Fund is the 35th ranked fund. The category has total 35 funds. The 1 star rating shows a very poor past performance of the Shriram ELSS Tax Saver Fund in ELSS (Tax Saving) Fund. The fund has a Jensen Alpha of -7.09% which is lower than the category average of -1.0%, showing poor performance. The fund has a Sharpe Ratio of 0.36 which is lower than the category average of 0.8.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
ELSS (Tax Saving) Mutual Funds are ideal for taxpayers seeking to save taxes under Section 80C while aiming for long-term wealth creation through equity investments. These funds offer a tax deduction of up to ₹1.5 lakh per financial year and have the shortest lock-in period of 3 years among all Section 80C options. However, being equity-oriented, they are subject to market risks and do not offer guaranteed returns. Investors should have a long-term investment horizon and a moderate to high risk tolerance to invest in ELSS funds. Additionally, the tax implications of long-term capital gains should be considered.

Shriram ELSS Tax Saver Fund Return Analysis

The Shriram ELSS Tax Saver Fund has delivered a mixed performance across various time horizons, showcasing both strengths and challenges when compared to its ELSS (Tax Saving) Fund peers and the Nifty 500 TRI benchmark. This analysis examines the fund’s returns over periods ranging from one month to ten years, alongside its Systematic Investment Plan (SIP) performance, highlighting its rankings within the ELSS (Tax Saving) Fund category and its ability to outperform or underperform the benchmark and category averages.

  • The fund has given a return of -7.7%, -12.58 and -8.26 in last one, three and six months respectively. In the same period the category average return was -7.79%, -12.41% and -9.16% respectively.
  • Shriram ELSS Tax Saver Fund has given a return of -2.35% in last one year. In the same period the Nifty 500 TRI return was -0.6%. The fund has given 1.75% less return than the benchmark return.
  • The fund has given a return of 10.09% in last three years and rank 36th out of thirty eight funds in the category. In the same period the Nifty 500 TRI return was 13.85%. The fund has given 3.76% less return than the benchmark return.
  • Shriram ELSS Tax Saver Fund has given a return of 9.3% in last five years and category average returns is 12.86% in same period. The fund ranked 29th out of thirty one funds in the category. In the same period the Nifty 500 TRI return was 12.03%. The fund has given 2.73% less return than the benchmark return.
  • The fund has given a SIP return of -14.8% in last one year whereas category average SIP return is -15.17%. The fund one year return rank in the category is 17th in 41 funds
  • The fund has SIP return of -1.54% in last three years and ranks 37th in 38 funds. Motilal Oswal ELSS Tax Saver Fund has given the highest SIP return (8.59%) in the category in last three years.
  • The fund has SIP return of 4.79% in last five years whereas category average SIP return is 8.8%.

Shriram ELSS Tax Saver Fund Risk Analysis

  • The fund has a standard deviation of 14.86 and semi deviation of 11.4. The category average standard deviation is 12.95 and semi deviation is 9.5.
  • The fund has a Value at Risk (VaR) of -23.62 and a maximum drawdown of -23.22. The category average VaR is -16.62 and the maximum drawdown is -17.56.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in ELSS (Tax Saving) Fund Category
  • Good Performance in ELSS (Tax Saving) Fund Category
  • Poor Performance in ELSS (Tax Saving) Fund Category
  • Very Poor Performance in ELSS (Tax Saving) Fund Category

    • Investors beware: Mutual Fund investments are subject to market risks. Please read the scheme related documents carefully.

    Data Source: www.amfiindia.com

    SEBI Categorization


    KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -7.83 -8.28
    -7.86
    		-10.19 | -2.14 17 | 40 Good
    3M Return % -12.93 -12.99
    -12.65
    		-15.13 | -7.84 21 | 40 Average
    6M Return % -8.99 -8.82
    -9.69
    		-14.77 | -6.08 17 | 40 Good
    1Y Return % -3.91 -0.60
    -2.27
    		-8.52 | 2.83 32 | 40 Poor
    3Y Return % 8.31 13.85
    12.91
    		3.98 | 20.47 36 | 38 Poor
    5Y Return % 7.46 12.03
    11.59
    		6.95 | 16.75 30 | 31 Poor
    7Y Return % 8.72 12.75
    12.29
    		8.27 | 20.15 27 | 29 Poor
    1Y SIP Return % -16.21
    -16.19
    		-23.06 | -10.73 20 | 40 Good
    3Y SIP Return % -3.22
    1.57
    		-8.49 | 7.23 37 | 38 Poor
    5Y SIP Return % 2.96
    7.52
    		2.96 | 13.39 31 | 31 Poor
    7Y SIP Return % 6.72
    11.65
    		6.72 | 17.66 29 | 29 Poor
    Standard Deviation 14.86
    12.95
    		9.59 | 19.13 33 | 38 Poor
    Semi Deviation 11.40
    9.50
    		6.93 | 14.90 33 | 38 Poor
    Max Drawdown % -23.22
    -17.56
    		-28.24 | -9.56 34 | 38 Poor
    VaR 1 Y % -23.62
    -16.62
    		-24.68 | -10.33 37 | 38 Poor
    Average Drawdown % -5.74
    -5.73
    		-10.61 | -3.44 23 | 38 Average
    Sharpe Ratio 0.36
    0.80
    		0.06 | 1.35 37 | 38 Poor
    Sterling Ratio 0.34
    0.61
    		0.18 | 0.94 37 | 38 Poor
    Sortino Ratio 0.17
    0.40
    		0.06 | 0.76 37 | 38 Poor
    Jensen Alpha % -7.09
    -1.00
    		-12.52 | 5.83 36 | 37 Poor
    Treynor Ratio -0.42
    -0.43
    		-0.60 | -0.31 17 | 37 Good
    Modigliani Square Measure % 10.54
    16.41
    		6.57 | 23.81 36 | 37 Poor
    Alpha % -6.19
    -1.29
    		-10.64 | 7.62 35 | 37 Poor
    Return data last Updated On : April 2, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Feb. 27, 2026
    KPIs: Key Performance Indicators

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    KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -7.70 -8.28 -7.79 -10.11 | -2.05 16 | 41 Good
    3M Return % -12.58 -12.99 -12.41 -14.90 | -7.57 19 | 41 Good
    6M Return % -8.26 -8.82 -9.16 -14.29 | -5.51 14 | 41 Good
    1Y Return % -2.35 -0.60 -1.11 -7.44 | 4.04 31 | 41 Average
    3Y Return % 10.09 13.85 14.13 5.46 | 21.91 36 | 38 Poor
    5Y Return % 9.30 12.03 12.86 7.78 | 17.77 29 | 31 Poor
    7Y Return % 10.66 12.75 13.55 9.17 | 21.93 27 | 29 Poor
    1Y SIP Return % -14.80 -15.17 -22.16 | -9.80 17 | 41 Good
    3Y SIP Return % -1.54 2.75 -7.11 | 8.59 37 | 38 Poor
    5Y SIP Return % 4.79 8.80 4.79 | 14.82 31 | 31 Poor
    7Y SIP Return % 8.67 12.96 8.67 | 19.45 28 | 29 Poor
    Standard Deviation 14.86 12.95 9.59 | 19.13 33 | 38 Poor
    Semi Deviation 11.40 9.50 6.93 | 14.90 33 | 38 Poor
    Max Drawdown % -23.22 -17.56 -28.24 | -9.56 34 | 38 Poor
    VaR 1 Y % -23.62 -16.62 -24.68 | -10.33 37 | 38 Poor
    Average Drawdown % -5.74 -5.73 -10.61 | -3.44 23 | 38 Average
    Sharpe Ratio 0.36 0.80 0.06 | 1.35 37 | 38 Poor
    Sterling Ratio 0.34 0.61 0.18 | 0.94 37 | 38 Poor
    Sortino Ratio 0.17 0.40 0.06 | 0.76 37 | 38 Poor
    Jensen Alpha % -7.09 -1.00 -12.52 | 5.83 36 | 37 Poor
    Treynor Ratio -0.42 -0.43 -0.60 | -0.31 17 | 37 Good
    Modigliani Square Measure % 10.54 16.41 6.57 | 23.81 36 | 37 Poor
    Alpha % -6.19 -1.29 -10.64 | 7.62 35 | 37 Poor
    Return data last Updated On : April 2, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Feb. 27, 2026
    KPIs: Key Performance Indicators

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.


    Date Shriram Elss Tax Saver Fund NAV Regular Growth Shriram Elss Tax Saver Fund NAV Direct Growth
    02-04-2026 18.9422 21.5139
    01-04-2026 18.9222 21.4902
    30-03-2026 18.5424 21.0569
    27-03-2026 18.9453 21.5116
    25-03-2026 19.3293 21.9456
    24-03-2026 19.0017 21.5728
    23-03-2026 18.6581 21.1817
    20-03-2026 19.1939 21.787
    19-03-2026 19.1488 21.7348
    18-03-2026 19.714 22.3754
    17-03-2026 19.5053 22.1375
    16-03-2026 19.3402 21.949
    13-03-2026 19.25 21.8437
    12-03-2026 19.6614 22.3096
    11-03-2026 19.8061 22.4727
    10-03-2026 20.0456 22.7435
    09-03-2026 19.8152 22.481
    06-03-2026 20.2522 22.9737
    05-03-2026 20.4582 23.2064
    04-03-2026 20.2126 22.9268
    02-03-2026 20.5512 23.3087

    Fund Launch Date: 17/Dec/2018
    Fund Category: ELSS (Tax Saving) Fund
    Investment Objective: The primary investment objective of the scheme is to generate income and long term capital gains from a diversified portfolio of predominantly equity and equity related securties and enable investors to avail the income tax rebate as permitted from time to time. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.
    Fund Description: An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
    Fund Benchmark: Nifty 500 Total Return Index
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.