Sushil Bajaj |
📅 Last Updated on: November 28, 2025
The SBI ELSS Tax Saver Fund is one of the oldest and most trusted tax-saving mutual funds in India. As an open-ended Equity Linked Savings Scheme (ELSS) with a statutory 3-year lock-in, it allows investors to benefit from equity market growth while claiming tax deductions under Section 80C of the Income-tax Act, 1961
Launched on 31 March 1993, the fund has built a long performance track record and follows a fundamentally driven bottom-up stock-picking approach.
An ELSS (Equity Linked Savings Scheme) is a mutual fund category that:
The uploaded document confirms that this fund qualifies as an ELSS, allowing eligible investors to claim tax deductions under Section 80C up to ₹1,50,000, subject to applicable conditions
| Parameter | Details |
|---|---|
| Scheme Name | SBI ELSS Tax Saver Fund |
| Category | ELSS (Equity Linked Savings Scheme) |
| Type | Open-ended with 3-year lock-in period |
| Date of Inception | 31/03/1993 |
| Benchmark | BSE 500 TRI Index |
| Investment Objective | Invest in equity shares + offer Section 80C tax deduction |
| Minimum Investment | ₹500 and multiples of ₹500 thereafter |
| Exit Load | Nil (subject to lock-in) |
| Fund Manager | Mr. Dinesh Balachandran (since 2016) |
The primary aim of the scheme is to generate long-term capital appreciation by investing in a diversified portfolio of equity shares, while also offering tax deductions under Section 80C. The fund may distribute income periodically depending on distributable surplus. However, the scheme offers no guarantee or assured returns
Primary Benchmark: Nifty 500 TRI (Total Return Index)
Benchmark Justification:
Nifty 500 TRI represents a broad representation of India’s equity market and aligns with the fund’s objective of diversified equity exposure.
The fund manager uses a bottom-up approach focusing on:
The scheme is predominantly actively managed to achieve its objective.
The portfolio is diversified across sectors and market caps, without restrictions on market-cap exposure (sector- and market-cap agnostic strategy)
For updated detailed Performance data and key informations as on December 5, 2025
Visit SBI ELSS Tax Saver Fund Performance Page
1. Tax Savings under Section 80C
Up to ₹1,50,000 deduction.
2. Experienced fund manager
Managed by Mr. Dinesh Balachandran — over 21 years of experience
and managing this scheme since 2016
3. Diversified and research-driven portfolio
Well-diversified across sectors & companies (data available on SBI MF website).
4. Suitable for long-term wealth creation
Equity-oriented portfolio with a long-term growth approach.
The fund has exposure across:
This Fund is Ideal for:
Expense Ratio: Check latest factsheet.
Exit Load: Nil (after 3-year lock-in)
Taxation:
🔗 How to Invest Online?
| Investor Concern | How SBI ELSS Tax Saver Fund Addresses It |
|---|---|
| High lock-in duration | Shortest lock-in among tax-saving instruments: 3 years |
| Need for diversification | Broadly diversified across sectors & companies |
| Lack of transparency | Monthly/Fortnightly portfolio disclosures available online |
| Volatility concerns | Managed through bottom-up analysis and strong research framework |
| High minimum investment | Minimum investment of ₹500 is accessible for all investors |
| Exit load concern | No exit load after the statutory lock-in period |
A1: Yes — it is an equity scheme. Riskometer category is “High”.
A2: Mandatory 3 years.
A3: Only after the lock-in period. STP/SWP facilities are available post lock-in.
A4: No exit load after 3 years.
A5: No. The scheme does not guarantee returns
The SBI ELSS Tax Saver Fund is a strong choice for investors looking to combine tax-saving benefits with long-term wealth creation. Backed by SBI Mutual Fund’s research strength and a seasoned fund manager, it provides a diversified, fundamentally strong equity portfolio ideal for long-term investors.
Disclaimer:- Mutual Fund investments are subject to market risks, please read scheme related documents carefully before investing.
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