Previously Known As : Shriram Long Term Equity Fund
Shriram Elss Tax Saver Fund Overview
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 28
BMSMONEY Rating
Gro. Opt. As On: 11-10-2024
NAV ₹24.13(R) +0.67% ₹26.77(D) +0.67%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 39.8% 14.39% 18.22% -% -%
LumpSum (D) 42.08% 16.37% 20.34% -% -%
SIP (R) 14.06% 22.86% 20.36% -% -%
SIP (D) 16.01% 24.91% 22.44% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.64 0.34 0.69 -1.37% 0.09
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
12.45% -13.44% -12.36% 0.9 8.55%
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
Motilal Oswal ELSS Tax Saver Fund 1
Sbi Long Term Equity Fund 2
Hdfc Taxsaver 3
JM ELSS Tax Saver Fund 4
ITI ELSS Tax Saver Fund 5
DSP ELSS Tax Saver Fund 6
Franklin India ELSS Tax Saver Fund 7

NAV Date: 11-10-2024

Scheme Name NAV Rupee Change Percent Change
Shriram ELSS Tax Saver Fund - Regular Growth 24.13
0.1600
0.6700%
Shriram ELSS Tax Saver Fund - Regular-IDCW 24.14
0.1600
0.6700%
Shriram ELSS Tax Saver Fund - Direct- IDCW 26.59
0.1800
0.6700%
Shriram ELSS Tax Saver Fund - Direct Growth 26.77
0.1800
0.6700%

Review Date: 11-10-2024

Shriram ELSS Tax Saver Fund has exhibited poor performance in the ELSS (Tax Saving) Fund category. The fund has rank of 28 out of 33 funds in the category. The fund has delivered return of 39.8% in 1 year, 14.39% in 3 years and 18.22% in 5 years. The category average for the same periods is 38.39%, 16.85% and 21.7% respectively, which shows average return performance of fund in the category. The fund has exhibited standard deviation of 12.45, VaR of -13.44, Average Drawdown of -4.31, Semi Deviation of 8.55 and Max Drawdown of -12.36. The category average for the same parameters is 12.67, -14.08, -5.23, 8.83 and -12.31 respectively. The fund has low risk in the category.

Key Points:

  1. An investment of ₹10,000 in Shriram ELSS Tax Saver Fund direct growth option would have grown to ₹14208.0 in 1 year, ₹15760.0 in 3 years and ₹25242.0 in 5 years as of today (11-10-2024).
  2. An SIP of ₹1,000 per month in Shriram ELSS Tax Saver Fund direct growth option would have grown to ₹13017.0 in 1 year, ₹51687.0 in 3 years and ₹104738.0 in 5 years as of today (11-10-2024).
  3. standard deviation of 12.45 and based on VaR one can expect to lose more than -13.44% of current value of fund in one year.
  4. Sharpe ratio of the fund is 0.64 which shows poor performance of fund in the elss (tax saving) fund category.
  5. The fund has R-square of 0.88, Beta of 0.9 and Jensen's Alpha of -1.37% which exhibit poor performance in the elss (tax saving) fund category .


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 2.13
0.70
-1.80 | 4.66 5 | 40 Very Good
3M Return % 0.15
3.56
-2.12 | 13.08 37 | 40 Poor
1Y Return % 39.80
38.39
22.59 | 67.76 17 | 40 Good
3Y Return % 14.39
16.85
8.22 | 26.66 26 | 33 Average
5Y Return % 18.22
21.70
15.26 | 35.58 27 | 32 Poor
1Y SIP Return % 14.06
16.54
0.75 | 46.53 26 | 40 Average
3Y SIP Return % 22.86
25.03
17.58 | 41.33 22 | 33 Average
5Y SIP Return % 20.36
23.98
17.13 | 33.81 28 | 32 Poor
Standard Deviation 12.45
12.67
9.62 | 15.47 15 | 33 Good
Semi Deviation 8.55
8.83
6.83 | 10.96 13 | 33 Good
Max Drawdown % -12.36
-12.31
-22.56 | -6.28 20 | 33 Average
VaR 1 Y % -13.44
-14.08
-20.17 | -11.38 14 | 33 Good
Average Drawdown % -4.31
-5.23
-9.24 | -2.48 7 | 33 Very Good
Sharpe Ratio 0.64
0.88
0.19 | 1.48 29 | 33 Poor
Sterling Ratio 0.69
0.86
0.31 | 1.53 28 | 33 Poor
Sortino Ratio 0.34
0.47
0.12 | 0.85 29 | 33 Poor
Jensen Alpha % -1.37
1.99
-8.39 | 9.14 28 | 33 Poor
Treynor Ratio 0.09
0.12
0.03 | 0.20 29 | 33 Poor
Modigliani Square Measure % 15.99
19.11
8.58 | 28.03 29 | 33 Poor
Alpha % -3.12
0.59
-7.52 | 9.35 29 | 33 Poor
Return data last Updated On : Oct. 11, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Sept. 30, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 2.27 0.78 -1.64 | 4.76 5 | 41
3M Return % 0.57 3.83 -1.84 | 13.42 38 | 41
1Y Return % 42.08 39.95 24.43 | 69.77 15 | 40
3Y Return % 16.37 18.17 9.08 | 28.21 24 | 33
5Y Return % 20.34 23.07 16.24 | 37.78 26 | 32
1Y SIP Return % 16.01 17.90 2.33 | 48.33 23 | 40
3Y SIP Return % 24.91 26.41 19.14 | 42.98 21 | 33
5Y SIP Return % 22.44 25.36 18.06 | 35.88 26 | 32
Standard Deviation 12.45 12.67 9.62 | 15.47 15 | 33
Semi Deviation 8.55 8.83 6.83 | 10.96 13 | 33
Max Drawdown % -12.36 -12.31 -22.56 | -6.28 20 | 33
VaR 1 Y % -13.44 -14.08 -20.17 | -11.38 14 | 33
Average Drawdown % -4.31 -5.23 -9.24 | -2.48 7 | 33
Sharpe Ratio 0.64 0.88 0.19 | 1.48 29 | 33
Sterling Ratio 0.69 0.86 0.31 | 1.53 28 | 33
Sortino Ratio 0.34 0.47 0.12 | 0.85 29 | 33
Jensen Alpha % -1.37 1.99 -8.39 | 9.14 28 | 33
Treynor Ratio 0.09 0.12 0.03 | 0.20 29 | 33
Modigliani Square Measure % 15.99 19.11 8.58 | 28.03 29 | 33
Alpha % -3.12 0.59 -7.52 | 9.35 29 | 33
Return data last Updated On : Oct. 11, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Sept. 30, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.67 ₹ 10,067.00 0.67 ₹ 10,067.00
1W 2.36 ₹ 10,236.00 2.39 ₹ 10,239.00
1M 2.13 ₹ 10,213.00 2.27 ₹ 10,227.00
3M 0.15 ₹ 10,015.00 0.57 ₹ 10,057.00
6M ₹ ₹
1Y 39.80 ₹ 13,980.00 42.08 ₹ 14,208.00
3Y 14.39 ₹ 14,966.00 16.37 ₹ 15,760.00
5Y 18.22 ₹ 23,093.00 20.34 ₹ 25,242.00
7Y ₹ ₹
10Y ₹ ₹
15Y ₹ ₹

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.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 14.06 ₹ 12,895.34 16.01 ₹ 13,016.95
3Y ₹ 36000 22.86 ₹ 50,244.84 24.91 ₹ 51,686.75
5Y ₹ 60000 20.36 ₹ 99,605.04 22.44 ₹ 104,737.86
7Y ₹ 84000 ₹ ₹
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Shriram Elss Tax Saver Fund NAV Regular Growth Shriram Elss Tax Saver Fund NAV Direct Growth
11-10-2024 24.1344 26.7654
10-10-2024 23.9744 26.5866
09-10-2024 24.153 26.7835
08-10-2024 23.8575 26.4545
07-10-2024 23.3016 25.8369
04-10-2024 23.5787 26.1404
03-10-2024 23.7527 26.3321
01-10-2024 24.1719 26.7943
30-09-2024 24.1164 26.7315
27-09-2024 24.3436 26.9796
26-09-2024 24.3009 26.9311
25-09-2024 24.2501 26.8735
24-09-2024 24.3257 26.9559
23-09-2024 24.2998 26.926
20-09-2024 24.1166 26.7192
19-09-2024 23.7998 26.367
17-09-2024 23.9771 26.5609
16-09-2024 23.9716 26.5536
13-09-2024 23.9478 26.5235
12-09-2024 23.8978 26.4669
11-09-2024 23.6311 26.1703

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.