Should I invest in Shriram ELSS Tax Saver Fund - Direct Growth?

We don't give personal investment advice. Shriram ELSS Tax Saver Fund - Direct Growth is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 23.5%. 5-year CAGR: 9.85%.

Shriram

Shriram ELSS Tax Saver Fund - Direct Growth

Latest NAV

₹22.8487

As of

3 Jun 2026

1,803 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.28%	+0.24%	+0.04	28 / 59	Q2
1W	-1.33%	-1.27%	-0.05	18 / 59	Q2
2W	+0.60%	+0.30%	+0.30	20 / 59	Q2
1M	-0.63%	-0.87%	+0.23	20 / 59	Q2
3M	-1.77%	+0.83%	-2.60	37 / 59	Q3
6M	-5.93%	-2.14%	-3.79	38 / 59	Q3
YTD	-6.24%	-1.56%	-4.68	37 / 59	Q3
1Y	-0.59%	+5.96%	-6.55	33 / 59	Q3
2Y	-4.59%	+5.58%	-10.17	57 / 58	Q4
3Y	+9.84%	+14.58%	-4.73	54 / 58	Q4
4Y	+10.34%	+14.85%	-4.51	49 / 51	Q4
5Y	+9.85%	+14.46%	-4.62	45 / 47	Q4
7Y	+11.40%	+15.51%	-4.11	42 / 45	Q4
10Y	—	—	—	—	—
Inception	+11.94%	+14.13%	-2.19	50 / 59	Q4

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	-6.24%	-4.44%	-1.80	31 / 53
2025	-4.38%	+3.70%	-8.08	50 / 53
2024	+18.25%	+20.13%	-1.88	29 / 53
2023	+26.59%	+30.82%	-4.23	35 / 51
2022	+3.96%	+3.78%	+0.18	25 / 47
2021	+20.63%	+39.32%	-18.69	47 / 50
2020	+17.98%	+18.42%	-0.44	23 / 50
2019	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+14.47%

78 windows

min -17.1% · max 56.1%

74% positive

3-Year rolling

+15.17%

53 windows

min 9.1% · max 22.4%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

+15.87%

29 windows

min 9.6% · max 20.6%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

+11.88%

5 windows

min 10.7% · max 12.8%

100% positive

Limited basis — fund is young, so this average may be skewed by which 7Y windows happen to be available.

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

15.55%

3-year · annualised

Sharpe ratio

0.27

vs risk-free 6.5%

Sortino ratio

0.38

Downside-only deviation

Max drawdown

-23.50%

Oct 2024 → Feb 2025

% positive months

72.2%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in ELSS

Scheme	Fund house	NAV	As of
HDFC ELSS Tax saver - Growth Option - Direct Plan	HDFC	₹1,421.3430	3 Jun 2026
Nippon India ELSS Tax Saver Fund - Direct Plan Growth Plan - Growth Option	Nippon India	₹140.6038	3 Jun 2026
SBI ELSS Tax Saver FUND - DIRECT PLAN -GROWTH	SBI	₹458.2222	3 Jun 2026
ICICI Prudential ELSS Tax Saver Fund - Direct Plan - Growth	ICICI Prudential	₹990.7700	3 Jun 2026
Invesco India ELSS Tax Saver Fund - Direct Plan - Growth	Invesco	₹138.0800	3 Jun 2026
BANDHAN ELSS Tax Saver Fund - Direct Plan - Growth	Bandhan	₹173.1540	3 Jun 2026
quant ELSS Tax Saver Fund - Growth Option - Direct Plan	Quant	₹443.2149	3 Jun 2026
Aditya Birla Sun Life ELSS Tax Saver Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹66.4800	3 Jun 2026
Motilal Oswal ELSS Tax Saver Fund - Direct Plan - Growth Option	Motilal Oswal	₹62.1822	3 Jun 2026
Franklin India ELSS Tax Saver Fund - Direct - Growth	Franklin India	₹1,537.4743	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹22.8487
2 Jun 2026	₹22.8965
1 Jun 2026	₹22.8321
29 May 2026	₹22.9706
27 May 2026	₹23.2243
26 May 2026	₹23.2045
22 May 2026	₹22.8881
21 May 2026	₹22.8305
20 May 2026	₹22.8037
19 May 2026	₹22.7600

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of Shriram ELSS Tax Saver Fund - Direct Growth is ₹22.8487. It's a ELSS from Shriram, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Shriram ELSS Tax Saver Fund - Direct Growth has NAV history starting from 01 Feb 2019, a track record of about 7 years 4 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Shriram ELSS Tax Saver Fund - Direct Growth is managed by Shriram. It's classified by AMFI under the 'ELSS' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Shriram ELSS Tax Saver Fund - Direct Growth has delivered a absolute return of -0.59% — -6.55 pp behind the ELSS category average of 5.96%. The fund ranks #33 of 59 in its category — the third (Q3) quartile.

Over the trailing 3-year window, Shriram ELSS Tax Saver Fund - Direct Growth has delivered a CAGR of 9.84% — -4.73 pp behind the ELSS category average of 14.58%. The fund ranks #54 of 58 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, Shriram ELSS Tax Saver Fund - Direct Growth has delivered a CAGR of 9.85% — -4.62 pp behind the ELSS category average of 14.46%. The fund ranks #45 of 47 in its category — the bottom (Q4) quartile.

₹1 lakh invested in Shriram ELSS Tax Saver Fund - Direct Growth exactly 5 years ago would be worth approximately ₹159,938 today — a multiplier of 1.60×, based on the 5-year CAGR of 9.85%. The category average over the same window would have grown ₹1 lakh to ₹196,497.

A ₹10,000 monthly SIP in Shriram ELSS Tax Saver Fund - Direct Growth over the last 5 years — total invested ₹600,000 — would be worth ₹708,681 today. That's an XIRR (money-weighted annualised return) of 6.59%.

Shriram ELSS Tax Saver Fund - Direct Growth doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹1,193,626 — XIRR 9.86%.

On a 5-year basis, Shriram ELSS Tax Saver Fund - Direct Growth ranks #45 out of 47 funds in the ELSS category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 14.46%; this fund delivered 9.85%.

The worst peak-to-trough decline Shriram ELSS Tax Saver Fund - Direct Growth has experienced over the last 5-year window is 23.50% — its NAV fell from a high on 15 Oct 2024 to a low on 28 Feb 2025. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Shriram ELSS Tax Saver Fund - Direct Growth averaged 15.87% (best 20.59%, worst 9.60%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.28 — weak risk-adjusted performance.

In calendar year 2025, Shriram ELSS Tax Saver Fund - Direct Growth returned -4.38% — lagging the ELSS category average of 3.70% by 8.08 pp. It ranked #50 of 53 in its category that year.

Shriram ELSS Tax Saver Fund - Direct Growth is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. Shriram ELSS Tax Saver Fund - Direct Growth is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 23.5%. 5-year CAGR: 9.85%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.

Shriram ELSS Tax Saver Fund - Direct Growth

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in ELSS

Recent NAVs

Frequently asked questions

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