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

WOC ELSS Tax Saver Fund Direct Growth Plan has a NAV of ₹18.831 as of 16 Sep 2026 and scheme AUM of ₹507 Cr. Its 1-year, 3-year and 5-year returns are 1.43%, 15.23% and 0%, respectively, and the scheme sits in the High Risk category.

Our view is that this is a fund for investors who can tolerate sharper swings and are comfortable with an equity allocation that has not matched the benchmark consistently across recent windows. The portfolio has meaningful exposure to financials and other large listed businesses, so the story here is more about equity participation and stock selection than steady short-term stability.

Quick facts

Particular	Details
NAV	₹18.831 as of 16 Sep 2026
AUM	₹507 Cr
Expense Ratio	0.67%
Launch Date	14 Oct 2022
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	No exit load
Fund Managers	Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak

The fund is managed by Ramesh Mantri, Piyush Baranwal, Trupti Agrawal and Dheeresh Pathak.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.77%	-4.41%
3M	2.29%	-3.6%
1Y	1.43%	-7.76%
3Y	15.23%	5.74%
5Y	Data not available	Data not available

The recent pattern has been uneven, but it is not weak across every window. The 1-month return was negative, while the 3-month and 1-year numbers were positive, which suggests the fund has been able to recover after short periods of pressure.

The longer view is more constructive. The 3-year return of 15.23% is clearly above the benchmark’s 5.74% over the same period, so the fund has compounded better than the index across that horizon. That matters more than one short patch of softness, especially for an ELSS product where investors usually look beyond quarterly noise.

Even so, the one-year return of 1.43% is modest and sits well below the 3-year pace. Our read is that the fund has not delivered a smooth track record; instead, returns have come with visible ups and downs. That makes the recent recovery worth noting, but it does not erase the need to be patient through weaker stretches.

Because the fund is benchmarked against NIFTY 50, the comparison also shows that its latest 1-year result is better than the index, which was negative, while its 3-year result has been materially stronger. The absence of a 5-year figure means investors should lean more on the launched-track record and the shorter-to-medium horizon trend rather than assume a long completed cycle.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD WOC 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
WOC ELSS Tax Saver Fund Direct Growth Plan	1.43%	15.23%	Data not available
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. The fund’s 1-year return is below every peer shown here, but its 3-year return is still competitive and sits close to the better mid-pack outcomes on this list. That combination tells us the recent stretch has been softer than the better peer numbers, while the medium-term picture remains respectable rather than stretched.

The 5-year column is less helpful for a direct comparison because the fund has no completed figure, while the peers do. In practical terms, the peer set shows stronger near-term momentum in several cases, especially on the 1-year measure, but the fund’s 3-year number still supports the view that it has delivered a reasonable medium-term run even if recent performance has lagged the stronger peer readings.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Limited	Bank	8.4%
Bharti Airtel Limited	Telecom	3.82%
Nestle India Limited	FMCG	3.81%
HDFC Bank Limited	Bank	3.77%
Eternal Limited	Retailing	2.74%
State Bank of India	Bank	2.58%
Mahindra & Mahindra Limited	Automobile & Ancillaries	2.54%
Kotak Mahindra Bank Limited	Bank	2.45%
Reliance Industries Limited	Crude Oil	2.38%
Coforge Limited	IT	2.01%

The top 10 holdings account for approximately 34.5% of the portfolio.

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

The largest holding, ICICI Bank Limited, carries an 8.4% weight, so it is likely to have greater influence on the fund’s day-to-day movement than any other single position in the disclosed list. After that, the weights step down fairly quickly into the 3% range, which suggests the portfolio does not depend on just one position for all of its return drivers.

The drop from the first holding to the tenth is meaningful: the tenth holding is 2.01%, which is less than one-quarter of the largest holding’s weight. That kind of spread may help dilute single-stock dependence, even though financials still appear multiple times among the top names.

With 57 holdings disclosed in total and the top 10 accounting for 34.5%, the fund appears to blend a notable core with a longer tail of smaller positions. In our view, that points to a portfolio that is more diversified than a narrow concentrated bet, while still leaving the larger holdings with visible influence on outcomes.

Source data date: as of 16 Sep 2026

Who should invest

This fund suits investors who can handle High Risk equity volatility and who are willing to stay invested for at least the medium to long term. The 3-year return has been stronger than the benchmark, but the 1-year result is much softer, so the path has not been smooth.

The main trade-off is between tax-saving equity exposure and uneven short-term performance. Investors who want steady month-to-month stability may find the swings uncomfortable, while those who can tolerate volatility and focus on a multi-year horizon may see the fund’s benchmark-beating medium-term history as more relevant.

Its portfolio is spread across 57 holdings, but the larger positions still matter, so the scheme may work better for investors who are comfortable with stock-specific movement within a broader equity framework.

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 16 Sep 2026

Frequently asked questions

What is the current NAV of WOC ELSS Tax Saver Fund Direct Growth Plan?
The current NAV is ₹18.831 as of 16 Sep 2026.

How have the fund’s 1-year, 3-year and 5-year returns looked?
The fund’s 1-year return is 1.43%, its 3-year return is 15.23%, and its 5-year return is 0% in the current record.

How does it compare with the benchmark?
It has outpaced NIFTY 50 over 3 years, with 15.23% versus 5.74%. Over 1 year, the fund is also ahead because the benchmark return is -7.76%.

How does it compare with peer ELSS funds on recent returns?
Its 1-year return is lower than the peer examples shown, while its 3-year return remains competitive within that set. The peer numbers also show stronger completed 5-year records for several funds.

Is there a minimum SIP amount?
The fund is available for SIP, but a minimum SIP amount is not stated here.

What risk and portfolio traits stand out?
The scheme is tagged High Risk and its largest holding is ICICI Bank Limited at 8.4%. The top 10 holdings account for 34.5% of the portfolio, so larger positions still matter even though the fund holds 57 names in total.

Bottom line

WOC ELSS Tax Saver Fund Direct Growth Plan has shown a mixed recent path, but its 3-year result is stronger than the benchmark and more encouraging than the one-year figure alone would suggest. In the peer set, the fund’s latest 1-year number trails the stronger recent performers, while the 3-year reading remains broadly workable. The High Risk label fits the uneven return profile. The portfolio is reasonably broad with 57 holdings, yet ICICI Bank remains the largest single position, so stock-specific movement can still matter.

Published on 17 September 2026 at 4:22 PM 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.