Samco ELSS Tax Saver Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Samco ELSS Tax Saver Fund Direct Growth Plan has a NAV of ₹13.69 as of 17 Sep 2026 and a scheme AUM of ₹108 Cr. Its 1-year, 3-year and 5-year returns are -3.01%, 3.5% and 0%, respectively, and the fund is tagged High Risk. Our view is that this is still a watchful fit for investors who can tolerate sharp swings and want an ELSS allocation, but the recent return pattern is uneven versus its benchmark and needs a long horizon to make sense.

The fund launched on 22 Dec 2022, carries a 0.97% expense ratio, and is structured as a Direct Growth ELSS with a 3-year lock-in. The portfolio is fairly active, with a concentrated top holding set and a mix of cyclical, financial, healthcare and manufacturing names that may make the fund more sensitive to stock selection outcomes.

Quick facts

Particular	Details
NAV	₹13.69 as of 17 Sep 2026
AUM	₹108 Cr
Expense Ratio	0.97%
Launch Date	22 Dec 2022
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	No exit load
Fund Managers	Nirali Bhansali, Umeshkumar Mehta, Dhawal Ghanshyam Dhanani, Vishal Shinde

The fund is managed by Nirali Bhansali, Umeshkumar Mehta, Dhawal Ghanshyam Dhanani and Vishal Shinde.

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.37%	-3.66%
3M	2.01%	-3.71%
1Y	-3.01%	-7.13%
3Y	3.5%	5.82%
5Y	0%	Data not available

Over the last month and quarter, the fund has been steadier than the benchmark, which remained weaker in both windows. That short-term edge is useful, but it does not change the broader picture: the 1-year return is still negative, even if it is better than the benchmark’s deeper decline.

The 3-year outcome is more important for an ELSS fund because it is long enough to show whether the portfolio has been able to compound through different market phases. Here, the fund is positive at 3.5%, but it trails the benchmark’s 5.82%, which tells us that it has not fully matched the broader market over that stretch.

The 5-year figure of 0% should be read cautiously because the scheme is still relatively young, having launched in December 2022. Even so, the return path suggests that the fund has had periods of recovery after weaker spells, but the overall compounding pattern has not yet become strong or consistent.

For investors, the main message is that the fund has shown resilience in some short periods, yet the longer arc remains modest. That makes stock selection and market timing within the portfolio especially important, because the benchmark comparison does not yet support a case for durable outperformance.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD Samco ELSS Tax Saver?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Samco ELSS Tax Saver Fund Direct Growth Plan	-3.01%	3.5%	0%
Quant ELSS Tax Saver Fund Direct Growth Plan	9.73%	13.52%	14.64%
Motilal Oswal ELSS Tax Saver Fund Direct Growth Plan	7.28%	20.68%	16.54%
JM ELSS-Tax Saver Fund Direct Growth Plan	5.37%	15.37%	13.83%
Sundaram LT Micro Cap Tax Adv Fund-Sr IV- Direct Growth Plan	4.16%	11.33%	14.96%
Edelweiss ELSS Tax saver Fund Direct Growth Plan	3.22%	12.41%	11.42%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the recent 1-year figure, this fund trails the peer set in the table, while several peers have posted positive returns. The same gap is visible over 3 years and 5 years, where the peers with available figures have higher compounding rates, so the short-term and longer-term peer comparisons tell a similar story rather than two different ones.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
R R Kabel Limited	Electricals	4.34%
Welspun Corp Limited	Iron & Steel	4.34%
Navin Fluorine International Limited	Chemicals	3.95%
The Federal Bank Limited	Bank	3.82%
Ather Energy Limited	Domestic Equities	3.59%
Syrma SGS Technology Limited	Electricals	3.46%
Apar Industries Limited	Capital Goods	3.36%
Neuland Laboratories Limited	Healthcare	3.21%
Ge Vernova T&D India Limited	Capital Goods	3.17%
Sai Life Sciences Limited	Domestic Equities	3.15%

The top holding is 4.34%, so no single stock dominates the fund by itself, but the biggest positions still have enough weight to matter. The gap from the first holding to the tenth is only modest, which suggests the visible part of the portfolio is built around several similarly sized bets rather than one very large anchor position.

The top 10 holdings account for approximately 36.39% of the portfolio, while the fund discloses 33 holdings in total. That combination points to a mixed profile: the disclosed core is meaningful, but there is still a long tail behind it, so performance may be shaped by both the larger positions and the rest of the book.

Because the holdings span electricals, iron & steel, chemicals, banking, healthcare and capital goods, the portfolio may be sensitive to cyclical and sector-specific moves. The blend can help diversify company-level risk, yet it also means returns may depend heavily on how these individual ideas behave over time.

To see all holdings, visit the Samco ELSS Tax Saver Fund Direct Growth Plan page

Source data date: as of 17 Sep 2026

Who should invest

This fund suits investors who can handle High Risk exposure and are comfortable with uneven return paths along the way. The 1-year number is negative, the 3-year figure is positive but modest, and the benchmark comparison shows that the fund has not yet established clear long-term leadership.

It is better suited to a long investment horizon because ELSS also carries a 3-year lock-in, and the portfolio’s stock-specific structure means outcomes may vary materially from year to year. The main trade-off is that you get tax-saving equity exposure with the possibility of recovery over time, but you also accept near-term volatility and a return profile that is still building its track record.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

No exit load.

Source data date: as of 17 Sep 2026

Frequently asked questions

What is the current NAV of Samco ELSS Tax Saver Fund Direct Growth Plan?

The current NAV is ₹13.69 as of 17 Sep 2026.

How has the fund performed over 1 year, 3 years and 5 years?

The fund’s 1-year return is -3.01%, its 3-year return is 3.5%, and its 5-year return is 0%.

How does it compare with the benchmark?

It has beaten the benchmark over 1 month, 3 months and 1 year, but it trails the benchmark over 3 years. That makes the short-term picture better than the longer-term one.

How does it compare with peer funds on available returns?

Its recent and longer-term returns are below the peer figures shown here. Several peers have delivered stronger 1-year, 3-year and 5-year outcomes than this fund.

Is there a minimum SIP amount?

The fund allows SIP, but a minimum SIP amount is not stated here.

What risk level, manager team and exit load apply?

The fund is tagged High Risk and is managed by Nirali Bhansali, Umeshkumar Mehta, Dhawal Ghanshyam Dhanani and Vishal Shinde. There is no exit load.

Bottom line

Samco ELSS Tax Saver Fund Direct Growth Plan has a mixed record: the recent short-term numbers are steadier than the benchmark, but the longer-term return profile is still modest and sits below the benchmark over 3 years. Compared with the peer set shown here, the return profile is also weaker on the available periods. The portfolio is built from several mid-sized stock positions rather than one oversized bet, which may support diversification, but it also means results depend heavily on stock selection. That makes it more suitable for investors who can stay patient through volatility and want an ELSS equity fund with a still-developing track record.

Published on 18 September 2026 at 8:32 AM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.