HDFC ELSS Tax saver - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : ELSS

Equity Holding : 94.80% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 94.80%

No of Stocks : 55 (Category Avg - 54.07) | Large Cap Investments : 65.11%| Mid Cap Investments : 3.55% | Small Cap Investments : 6.56% | Other : 19.58%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	55	54.07
Top 5 Stock Weight	37.67%	27.58%
Top 10 Stock Weight	58.05%	44.08%
Top 3 Sector Weight	48.13%	32.31%

Category - ELSS

Particulars	This Scheme	Category
Average mcap (Cr)	109767.27	94947.43
Holdings in large cap stocks	65.11%	39.41%
Holdings in mid cap stocks	3.55%	11.52%
Holdings in small cap stocks	6.56%	16.61%

Category - ELSS

Top 10 Stocks holding in Portfolio (as on 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity
# HDFC Bank Ltd.	Private sector bank	16726.2	9.70%	0.00%	10.39% (Feb 2025)	9.48% (Sep 2025)	1.66 Cr
# Axis Bank Ltd.	Private sector bank	15356.4	8.91%	0.00%	9.21% (Mar 2025)	7.59% (Aug 2025)	1.20 Cr
# ICICI Bank Ltd.	Private sector bank	15276.8	8.86%	0.00%	10.4% (Mar 2025)	8.61% (Oct 2025)	1.10 Cr
# SBI Life Insurance Co Ltd.	Life insurance	8847	5.13%	0.00%	5.12% (Oct 2025)	3.98% (Dec 2024)	45.00 L
# Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	8745	5.07%	0.00%	5.3% (Sep 2025)	3.8% (Dec 2024)	5.50 L
# Cipla Ltd.	Pharmaceuticals	8269	4.80%	0.00%	5.25% (Dec 2024)	4.71% (Oct 2025)	54.00 L
# Kotak Mahindra Bank Ltd.	Private sector bank	7435.4	4.31%	0.00%	4.89% (Mar 2025)	3.87% (Nov 2024)	35.00 L
# Bharti Airtel Ltd.	Telecom - cellular & fixed line services	7145.4	4.14%	0.00%	5.28% (Jan 2025)	3.84% (May 2025)	34.00 L
# State Bank Of India	Public sector bank	6853	3.97%	0.00%	3.81% (Oct 2025)	1.88% (Feb 2025)	70.00 L
# HCL Technologies Limited	Computers - software & consulting	5441.1	3.16%	0.00%	4.18% (Nov 2024)	2.79% (Sep 2025)	33.50 L

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 30th Nov,2025)

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Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	M-Cap	GroupName
# HDFC Bank Ltd.	Private sector bank	33.61	16726.2	9.70%	0.00%	10.39% (Feb 2025)	9.48% (Sep 2025)	1.66 Cr	Other	19.58
# Axis Bank Ltd.	Private sector bank	33.61	15356.4	8.91%	0.00%	9.21% (Mar 2025)	7.59% (Aug 2025)	1.20 Cr	Large Cap	65.11
# ICICI Bank Ltd.	Private sector bank	33.61	15276.8	8.86%	0.00%	10.4% (Mar 2025)	8.61% (Oct 2025)	1.10 Cr	Large Cap	65.11
# SBI Life Insurance Co Ltd.	Life insurance	5.13	8847	5.13%	0.00%	5.12% (Oct 2025)	3.98% (Dec 2024)	45.00 L	Large Cap	65.11
# Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	8.53	8745	5.07%	0.00%	5.3% (Sep 2025)	3.8% (Dec 2024)	5.50 L	Large Cap	65.11
# Cipla Ltd.	Pharmaceuticals	5.99	8269	4.80%	0.00%	5.25% (Dec 2024)	4.71% (Oct 2025)	54.00 L	Large Cap	65.11
# Kotak Mahindra Bank Ltd.	Private sector bank	33.61	7435.4	4.31%	0.00%	4.89% (Mar 2025)	3.87% (Nov 2024)	35.00 L	Large Cap	65.11
# Bharti Airtel Ltd.	Telecom - cellular & fixed line services	4.5	7145.4	4.14%	0.00%	5.28% (Jan 2025)	3.84% (May 2025)	34.00 L	Large Cap	65.11
# State Bank Of India	Public sector bank	3.97	6853	3.97%	0.00%	3.81% (Oct 2025)	1.88% (Feb 2025)	70.00 L	Large Cap	65.11
# HCL Technologies Limited	Computers - software & consulting	5.4	5441.1	3.16%	0.00%	4.18% (Nov 2024)	2.79% (Sep 2025)	33.50 L	Large Cap	65.11
# Hyundai Motor India Ltd.	Passenger cars & utility vehicles	8.53	4652	2.70%	0.00%	3.11% (Sep 2025)	1.26% (Dec 2024)	20.00 L	Other	19.58
# Bajaj Auto Ltd.	2/3 wheelers	4.24	4309.9	2.50%	0.00%	2.48% (Sep 2025)	1.29% (Dec 2024)	4.75 L	Large Cap	65.11
# J S W Steel Ltd.	Iron & steel products	3.48	3480.9	2.02%	0.00%	2.1% (Oct 2025)	1.22% (Nov 2024)	30.00 L	Large Cap	65.11
# Eicher Motors Ltd.	2/3 wheelers	4.24	2997.7	1.74%	0.00%	1.79% (Sep 2025)	1.29% (Nov 2024)	4.25 L	Other	19.58
# Power Grid Corporation of India Ltd.	Power - transmission	1.57	2703.9	1.57%	0.00%	1.89% (Apr 2025)	1.27% (Jan 2025)	1.00 Cr	Large Cap	65.11
# Tata Steel Ltd.	Iron & steel products	3.48	2519.4	1.46%	0.00%	1.6% (Oct 2025)	1.23% (Dec 2024)	1.50 Cr	Other	19.58
# InterGlobe Aviation Ltd.	Airline	1.37	2360.6	1.37%	0.00%	1.43% (Jul 2025)	0% (Nov 2024)	4.00 L	Large Cap	65.11
# Infosys Ltd.	Computers - software & consulting	5.4	2340.2	1.36%	0.00%	2.33% (Nov 2024)	1.29% (Oct 2025)	15.00 L	Large Cap	65.11
# Apollo Hospitals Enterprises Ltd.	Hospital	1.17	2017.3	1.17%	0.00%	2.2% (Dec 2024)	1.22% (Sep 2025)	2.75 L	Mid Cap	3.55
# Escorts Ltd.	Tractors	1.11	1908.7	1.11%	0.00%	1.18% (Jan 2025)	0.98% (Feb 2025)	5.00 L	Small Cap	6.56
# Larsen & Toubro Ltd.	Civil construction	1.06	1831.3	1.06%	0.00%	1.05% (Oct 2025)	0.93% (Apr 2025)	4.50 L	Large Cap	65.11
# Bosch Ltd.	Auto components & equipments	1.18	1805.5	1.05%	0.00%	1.22% (Jul 2025)	0% (Nov 2024)	50.00 k	Large Cap	65.11
# DR. LAL PATHLABS Ltd.	Healthcare service provider	2.3	1739.5	1.01%	0.00%	1.14% (Aug 2025)	0.9% (Feb 2025)	5.70 L	Small Cap	6.56
# Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.99	1702.8	0.99%	0.00%	1.04% (Oct 2025)	0.38% (Dec 2024)	70.00 L	Large Cap	65.11
# Federal Bank Ltd.	Private sector bank	33.61	1676.5	0.97%	0.00%	0.89% (Oct 2025)	0.75% (Aug 2025)	65.00 L	Mid Cap	3.55
# Metropolis Healthcare Ltd.	Healthcare service provider	2.3	1544.8	0.90%	0.00%	1.07% (Nov 2024)	0.8% (Mar 2025)	8.00 L	Other	19.58
# Tech Mahindra Ltd.	Computers - software & consulting	5.4	1517.3	0.88%	0.00%	1.29% (Nov 2024)	0.83% (Oct 2025)	10.00 L	Large Cap	65.11
# Karur Vysya Bank Ltd	Private sector bank	33.61	1487.8	0.86%	0.00%	0.85% (Oct 2025)	0.67% (May 2025)	60.00 L	Small Cap	6.56
# United Spirits Ltd.	Breweries & distilleries	0.84	1451.6	0.84%	0.00%	1.14% (Dec 2024)	0.79% (Aug 2025)	10.00 L	Large Cap	65.11
# Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	8.53	1315.1	0.76%	0.00%	1.02% (Jan 2025)	0.71% (Oct 2025)	3.50 L	Large Cap	65.11
# Havells India Ltd.	Consumer electronics	0.75	1297.7	0.75%	0.00%	0.83% (Aug 2025)	0% (Nov 2024)	9.00 L	Large Cap	65.11
# Lupin Ltd.	Pharmaceuticals	5.99	1249.3	0.72%	0.00%	0.75% (Dec 2024)	0.59% (May 2025)	6.00 L	Large Cap	65.11
# Star Health and Allied Insurance Co Ltd.	General insurance	0.71	1219.9	0.71%	0.00%	0.75% (Dec 2024)	0.57% (Mar 2025)	25.00 L	Other	19.58
# Birla Corporation Ltd.	Cement & cement products	1.44	1120.1	0.65%	0.00%	0.84% (May 2025)	0.47% (Nov 2024)	10.00 L	Small Cap	6.56
# Bajaj Electricals Ltd.	Household appliances	1.18	1107.1	0.64%	0.00%	0.98% (Dec 2024)	0.65% (Sep 2025)	23.00 L	Small Cap	6.56
# Shoppers Stop Limited	Diversified retail	0.62	1064.5	0.62%	0.00%	0.82% (Aug 2025)	0.7% (Mar 2025)	25.00 L	Small Cap	6.56
# Crompton Greaves Consumer Electricals Ltd.	Household appliances	1.18	928.7	0.54%	0.00%	0.9% (Nov 2024)	0.58% (Oct 2025)	35.00 L	Mid Cap	3.55
# Westlife Development Ltd.	Restaurants	0.49	850.8	0.49%	0.00%	0.65% (Aug 2025)	0% (Nov 2024)	15.00 L	Small Cap	6.56
# The Ramco Cements Ltd.	Cement & cement products	1.44	830	0.48%	0.00%	0.64% (Nov 2024)	0.47% (Sep 2025)	8.00 L	Mid Cap	3.55
# Suven Pharmaceuticals Ltd.	Pharmaceuticals	5.99	804.3	0.47%	0.00%	0.75% (Sep 2025)	0% (Nov 2024)	14.25 L	Other	19.58
# Hindalco Industries Ltd.	Aluminium	0.47	808.4	0.47%	0.00%	0.49% (Oct 2025)	0% (Nov 2024)	10.00 L	Large Cap	65.11
# Cyient Ltd.	It enabled services	0.44	758.4	0.44%	0.00%	0.55% (Dec 2024)	0.35% (Apr 2025)	6.75 L	Small Cap	6.56
# Teamlease Services Ltd.	Diversified commercial services	0.43	741.3	0.43%	0.00%	0.56% (Dec 2024)	0.35% (Apr 2025)	4.50 L	Small Cap	6.56
# Medi Assist Healthcare Services Ltd.	Healthcare service provider	2.3	664.9	0.39%	0.00%	0.52% (Nov 2024)	0.39% (Apr 2025)	14.00 L	Other	19.58
# Popular Vehicles and Services Ltd.	Auto dealer	0.39	665.1	0.39%	0.00%	0.49% (Dec 2024)	0.31% (Mar 2025)	49.50 L	Other	19.58
# Bharti Airtel Ltd. - Partly Paid	Telecom - cellular & fixed line services	4.5	617.9	0.36%	0.00%	0.35% (Oct 2025)	0.29% (Dec 2024)	3.88 L	Other	19.58
# J K Lakshmi Cement Ltd.	Cement & cement products	1.44	531.2	0.31%	0.00%	0.41% (Jul 2025)	0.25% (Feb 2025)	7.00 L	Small Cap	6.56
# Ashok Leyland Ltd.	Commercial vehicles	0.26	442.7	0.26%	0.00%	0.24% (Sep 2025)	0% (Nov 2024)	28.00 L	Mid Cap	3.55
# Delhivery Ltd.	Logistics solution provider	0.25	426.2	0.25%	0.00%	0.28% (Aug 2025)	0.16% (Mar 2025)	10.00 L	Other	19.58
# Sumitomo Chemical India Private Ltd.	Pesticides & agrochemicals	0.24	419.4	0.24%	0.00%	0.35% (Jul 2025)	0.16% (Apr 2025)	9.00 L	Other	19.58
# Zee Entertainment Enterprises Ltd.	Tv broadcasting & software production	0.24	405.9	0.24%	0.00%	0.35% (Jun 2025)	0.23% (Oct 2025)	40.00 L	Large Cap	65.11
# Anthem Biosciences Ltd.	Biotechnology	0.18	313.9	0.18%	0.00%	0.24% (Aug 2025)	0% (Nov 2024)	4.95 L	Other	19.58
# Reliance Industries Ltd.	Refineries & marketing	0.18	313.5	0.18%	0.00%	0.18% (Jun 2025)	0.15% (Dec 2024)	2.00 L	Large Cap	65.11
# WABCO India Ltd.	Auto components & equipments	1.18	224.5	0.13%	0.00%	0.14% (Aug 2025)	0.12% (Oct 2025)	17.00 k	Mid Cap	3.55
# Greenpanel Industries Ltd.	Plywood boards/ laminates	0.09	157	0.09%	0.00%	0.15% (Dec 2024)	0% (Nov 2024)	6.30 L	Other	19.58

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No new entrants in the portfolio in the last month.

Stocks removed from Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No complete exits in the portfolio in the last month.

Trend in stock holdings (Top 15 Holding)

Stock	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024
HDFC Bank Ltd.	9.70%	9.53%	9.48%	9.56%	10.10%	9.83%	9.81%	9.84%	10.11%	10.39%	9.70%	9.92%	9.91%
ICICI Bank Ltd.	8.86%	8.61%	8.91%	9.30%	9.83%	9.41%	9.67%	9.93%	10.40%	9.85%	9.75%	9.78%	9.78%
Axis Bank Ltd.	8.91%	8.60%	8.16%	7.59%	7.73%	8.51%	8.69%	8.76%	9.21%	9.00%	8.32%	7.85%	8.27%
Cipla Ltd.	4.80%	4.71%	4.88%	5.19%	5.06%	4.81%	4.81%	5.16%	5.01%	5.18%	5.18%	5.25%	5.19%
SBI Life Insurance Co Ltd.	5.13%	5.12%	4.84%	4.92%	5.00%	4.89%	4.96%	4.90%	4.48%	4.39%	4.33%	3.98%	4.06%
Maruti Suzuki India Ltd.	5.07%	5.18%	5.30%	4.92%	4.18%	4.03%	4.12%	4.15%	4.07%	4.48%	4.39%	3.80%	3.82%
Kotak Mahindra Bank Ltd.	4.31%	4.28%	4.19%	4.15%	4.18%	4.48%	4.41%	4.76%	4.89%	4.54%	4.32%	3.97%	3.87%
Bharti Airtel Ltd.	4.14%	4.06%	3.84%	3.89%	3.93%	4.04%	3.84%	3.91%	3.90%	4.82%	5.28%	5.05%	5.10%
HCL Technologies Limited	3.16%	3.00%	2.79%	2.95%	2.97%	3.42%	3.33%	3.23%	3.43%	3.60%	3.75%	4.08%	4.18%
State Bank Of India	3.97%	3.81%	3.67%	3.40%	3.36%	1.94%	1.97%	1.94%	1.98%	1.88%	2.01%	2.27%	2.89%
Hyundai Motor India Ltd.	2.70%	2.84%	3.11%	2.98%	2.60%	2.63%	2.25%	2.10%	1.32%	1.41%	1.31%	1.26%	1.32%
Bajaj Auto Ltd.	2.50%	2.46%	2.48%	2.48%	2.29%	2.35%	2.48%	2.35%	1.52%	1.31%	1.39%	1.29%	1.30%
J S W Steel Ltd.	2.02%	2.10%	2.06%	1.86%	1.90%	1.81%	1.81%	1.90%	2.05%	1.94%	1.84%	1.49%	1.22%
Power Grid Corporation of India Ltd.	1.57%	1.68%	1.69%	1.67%	1.76%	1.78%	1.76%	1.89%	1.87%	1.71%	1.27%	1.28%	1.34%
Infosys Ltd.	1.36%	1.29%	1.30%	1.33%	1.37%	1.42%	1.42%	1.39%	1.51%	1.73%	1.83%	2.15%	2.33%

No of Debt Holding 1 (Category Avg - 0.55) | Modified Duration 0.00 Years (Category Avg - - --)| Yield to Maturity - -- (Category Avg - 0.00%)

Portfolio Summary (as on 30th Nov,2025)

Security Type	% Weight	Category Average
GOI	0.30%	0.01%
CD	0.00%	0.17%
T-Bills	0.00%	0.01%
CP	0.00%	0.03%

Category - ELSS

Security Type	% Weight	Category Average
Government Backed	0.30%	0.02%
Low Risk	0.00%	0.00%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - ELSS

Debt holding in Portfolio (as on 30th Nov,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other			513.15	0.30%	50.00 L

Name	Type of Instrument	Weight (%)
TREPS	TREPS	4.99%
Net Receivables	Net Receivables	-0.09%

HDFC ELSS Tax saver - Growth

Portfolio Summary (as on 30th Nov,2025)

Top 10 Stocks holding in Portfolio (as on 30th Nov,2025)

Complete equity Portfolio (as on 30th Nov,2025)

New Stocks added in Portfolio (in 1 month period ending 30th Nov,2025)

Stocks removed from Portfolio (in 1 month period ending 30th Nov,2025)

Trend in stock holdings (Top 15 Holding)

Portfolio Summary (as on 30th Nov,2025)

Debt holding in Portfolio (as on 30th Nov,2025)

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