Fundalysisby DARKHORSESTOCKS

Scheme

Kotak ELSS Tax Saver Fund

Holds 53 companies worth ₹5,979 Cr in Sept 2026.

  • Fund house

    KotakThe fund house that runs this scheme.

  • AUM

    ₹6,262 CrKotak ELSS Tax Saver Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 1.9% on Aug 2026, ₹6,384 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 7.0% of this scheme's NAV.

  • Fund manager

    Harsha UpadhyayaRuns it since 25 Aug 2015, as the fund house dates it.

Overview(9 Oct 2026)

Fund managers1

  1. Harsha UpadhyayaFund manager · Aug 2015 · 30y · CFA PGDM B.E.

    Key facts

    Benchmark
    Nifty 500 TRI
    Risk
    Very High
    Expense
    Regular 1.96% · Direct 0.85%
    Exit load
    Nil
    Started
    23 Nov 2005
    Minimum
    ₹500

    Source.Its Scheme Summary Document as of 9 Oct 2026 at AMFI.

    What changed(13 changes)

    Aug 2026

    1 change
    1. Expense ratio
      30 AugRegular 1.92% → 1.93%Direct 0.81% → 0.82%

    Jul 2026

    1 change
    1. Expense ratio
      30 JulRegular 1.97% → 1.92%Direct 0.84% → 0.81%

    Jun 2026

    1 change
    1. Expense ratio
      29 JunRegular 1.85% → 1.97%Direct 0.7% → 0.84%

    Source.Its filings at NSE, since Aug 2024.

    Fund managers over time(Aug 2015 – now)

    1. Harsha Upadhyaya
    MainCoSlice201620182020202220242026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Aug 2024 – Oct 2026)

    Every change to the expense ratio, newest first.
    14 changesRegularDirectΔ pt
    30 Aug 20261.93%0.82%0.01
    30 Jul 20261.92%0.81%0.03
    29 Jun 20261.97%0.84%0.14
    30 May 20261.85%0.70%0.10
    29 Apr 20261.95%0.80%0.16
    30 Mar 20261.83%0.64%0.02
    27 Feb 20261.76%0.62%0
    30 Sept 20251.75%0.62%0
    31 Aug 20251.76%0.62%0
    31 Jul 20251.75%0.62%0.01
    30 Jun 20251.75%0.63%0
    31 May 20251.76%0.63%0.06
    30 Sept 20241.75%0.57%0.05
    31 Aug 20241.74%0.52%–
    Direct plan, 30 Aug 2026
    0.82%
    Regular plan 1.93% · Exit load nil
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(9 Oct 2026)

    Objective

    The investment objective of the scheme is 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 permitted from time to time. However, there is no assurance that the objective of the scheme will be realized.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open ended scheme with attributes in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance
    Benchmark
    Nifty 500 TRI

    Asset allocation it may hold% of NAV

    1. Equity and Equity related Securities
      Allowed80–100%Holds98.5%
    2. Debt and Money Market Securities
      Allowed0–20%Holds1.5%

    Holds in Sept 2026.98.5% equity · 1.5% debt and cash

    How to invest(9 Oct 2026)

    Buying

    To start
    ₹500, then and in multiples of Re. 500
    To add
    ₹500, then and in multiples of Re. 500
    Systematic
    SIP - Daily, Weekly, Monthly, Quarterly, Half – Yearly and Annually SWP - Daily, Weekly, Monthly, Quarterly, Half – Yearly and Annually STP - Daily, Weekly, Monthly & Quarterly
    Dates
    SIP - Any date from 1st to 31st SWP - STP -
    Minimum
    SIP - Rs. 500/- SWP - N.A. STP - N.A., then sIP - N. A. SWP - STP -
    Instalments
    SIP - 6 installments SWP - STP -

    Selling and switching

    Scheme details(9 Oct 2026)

    What it is

    Category
    ELSS - Tax Saver Fund
    Offer
    29 Sept 2005 to 24 Nov 2005
    Started
    23 Nov 2005
    Reopened
    24 Nov 2005
    Plans
    Growth Payout of Income Distribution cum capital withdrawal (IDCW) Reinvestment of Income Distribution cum capital withdrawal (IDCW)
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    Deutsche Bank A G, Mumbai and Standard Chartered Bank, Mumbai
    Auditor
    S. R. Batliboi & Co. LLP
    Registrar
    Computer Age Management Services (‘CAMS’)
    SEBI code
    KOTM/O/E/ELS/05/09/0017