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Shriram ELSS Tax Saver Fund - 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

Portfolio Turnover Ratio : 372.50%. Category average turnover ratio is 78.13%. Fund manager updated portfolio more frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for shorter duration than peers)

Equity Holding : 97.85% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 97.85%

No of Stocks : 69 (Category Avg - 53.58) | Large Cap Investments : 48.07%| Mid Cap Investments : 15.22% | Small Cap Investments : 13.86% | Other : 20.7%

Portfolio Summary (as on 30th Sep,2025)

Particulars	This Scheme	Category
No. of Stocks	69	53.58
Top 5 Stock Weight	23.26%	27.11%
Top 10 Stock Weight	35.45%	43.4%
Top 3 Sector Weight	30.52%	31.61%

Category - ELSS

Particulars	This Scheme	Category
Average mcap (Cr)	116766.29	91786.02
Holdings in large cap stocks	48.07%	39%
Holdings in mid cap stocks	15.22%	11.58%
Holdings in small cap stocks	13.86%	16.67%

Category - ELSS

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

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
HDFC Bank Ltd.	Private sector bank	35.4	7.42%	-0.76%	8.18% (Aug 2025)	0% (Oct 2024)	37.25 k	-3.52 k
ICICI Bank Ltd.	Private sector bank	24.6	5.16%	-0.47%	5.81% (May 2025)	1% (Oct 2024)	18.27 k	-0.84 k
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	18.7	3.91%	-0.33%	5.31% (Jun 2025)	2.92% (Oct 2024)	9.93 k	-0.71 k
Reliance Industries Ltd.	Refineries & marketing	18.3	3.83%	0.94%	3.83% (Sep 2025)	0% (Oct 2024)	13.41 k	3.31 k
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	14.1	2.94%	0.17%	3.44% (Feb 2025)	0% (Oct 2024)	4.10 k	0.00
Infosys Ltd.	Computers - software & consulting	13	2.73%	1.15%	2.73% (Sep 2025)	0% (Oct 2024)	9.02 k	3.92 k
InterGlobe Aviation Ltd.	Airline	12.1	2.53%	0.15%	3.63% (Mar 2025)	0% (Oct 2024)	2.16 k	160.00
Larsen & Toubro Ltd.	Civil construction	11.2	2.35%	0.30%	2.35% (Sep 2025)	0% (Oct 2024)	3.07 k	370.00
Axis Bank Ltd.	Private sector bank	11	2.31%	0.52%	2.31% (Sep 2025)	0% (Oct 2024)	9.73 k	1.63 k
National Thermal Power Corporation Ltd.	Power generation	10.8	2.27%	1.26%	2.27% (Sep 2025)	0% (Oct 2024)	31.79 k	17.20 k

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

View complete holding

Complete equity Portfolio (as on 30th Sep,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	1M Change in Qty	M-Cap	GroupName
HDFC Bank Ltd.	Private sector bank	17.11	35.4	7.42%	-0.76%	8.18% (Aug 2025)	0% (Oct 2024)	37.25 k	-3.52 k	Other	20.7
ICICI Bank Ltd.	Private sector bank	17.11	24.6	5.16%	-0.47%	5.81% (May 2025)	1% (Oct 2024)	18.27 k	-0.84 k	Large Cap	48.07
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	3.91	18.7	3.91%	-0.33%	5.31% (Jun 2025)	2.92% (Oct 2024)	9.93 k	-0.71 k	Large Cap	48.07
Reliance Industries Ltd.	Refineries & marketing	6.59	18.3	3.83%	0.94%	3.83% (Sep 2025)	0% (Oct 2024)	13.41 k	3.31 k	Large Cap	48.07
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	3.61	14.1	2.94%	0.17%	3.44% (Feb 2025)	0% (Oct 2024)	4.10 k	0.00	Large Cap	48.07
Infosys Ltd.	Computers - software & consulting	6.82	13	2.73%	1.15%	2.73% (Sep 2025)	0% (Oct 2024)	9.02 k	3.92 k	Large Cap	48.07
InterGlobe Aviation Ltd.	Airline	2.53	12.1	2.53%	0.15%	3.63% (Mar 2025)	0% (Oct 2024)	2.16 k	160.00	Large Cap	48.07
Larsen & Toubro Ltd.	Civil construction	2.85	11.2	2.35%	0.30%	2.35% (Sep 2025)	0% (Oct 2024)	3.07 k	370.00	Large Cap	48.07
Axis Bank Ltd.	Private sector bank	17.11	11	2.31%	0.52%	2.31% (Sep 2025)	0% (Oct 2024)	9.73 k	1.63 k	Large Cap	48.07
National Thermal Power Corporation Ltd.	Power generation	2.27	10.8	2.27%	1.26%	2.27% (Sep 2025)	0% (Oct 2024)	31.79 k	17.20 k	Large Cap	48.07
Bajaj Holdings & Investment Ltd.	Holding company	2.21	10.5	2.21%	-0.62%	3.98% (Apr 2025)	0% (Oct 2024)	860.00	-0.19 k	Large Cap	48.07
Bharat Electronics Ltd.	Aerospace & defense	2.19	10.5	2.19%	0.44%	2.23% (Dec 2024)	0% (Oct 2024)	25.89 k	3.39 k	Mid Cap	15.22
Eicher Motors Ltd.	2/3 wheelers	3.72	10.1	2.11%	-0.34%	3.8% (Mar 2025)	0% (Oct 2024)	1.44 k	-0.46 k	Other	20.7
Rural Electrification Corporation Limited	Financial institution	2.04	9.7	2.04%	0.98%	2.04% (Sep 2025)	0% (Oct 2024)	26.09 k	11.79 k	Mid Cap	15.22
State Bank Of India	Public sector bank	3.45	9.3	1.95%	0.95%	1.95% (Sep 2025)	0% (Oct 2024)	10.66 k	4.76 k	Large Cap	48.07
Fortis Healthcare Ltd.	Hospital	2.89	8.9	1.87%	-0.53%	2.4% (Aug 2025)	0% (Oct 2024)	9.21 k	-3.29 k	Other	20.7
ITC Limited	Diversified fmcg	1.84	8.8	1.84%	-0.05%	2.06% (Jan 2025)	0% (Oct 2024)	21.90 k	0.00	Large Cap	48.07
Coromandel International Ltd.	Fertilizers	2.49	8.7	1.81%	-1.11%	3.28% (Jul 2025)	0% (Oct 2024)	3.85 k	-2.15 k	Mid Cap	15.22
PNB Housing Finance Ltd.	Housing finance company	3.36	8.6	1.81%	0.22%	2.19% (Jun 2025)	0% (Oct 2024)	10.00 k	0.00	Mid Cap	15.22
Tata Consultancy Services Ltd.	Computers - software & consulting	6.82	8.1	1.69%	0.19%	1.89% (Feb 2025)	0% (Oct 2024)	2.79 k	490.00	Large Cap	48.07
Kotak Mahindra Bank Ltd.	Private sector bank	17.11	8	1.67%	0.02%	3.17% (Mar 2025)	0% (Oct 2024)	4.00 k	0.00	Large Cap	48.07
Bharat Petroleum Corporation Ltd.	Refineries & marketing	6.59	8	1.67%	0.15%	1.67% (Sep 2025)	0% (Oct 2024)	23.40 k	0.00	Large Cap	48.07
TVS Motor Company Ltd.	2/3 wheelers	3.72	7.6	1.59%	-0.14%	2.22% (Oct 2024)	0% (Oct 2024)	2.20 k	-0.30 k	Mid Cap	15.22
Cholamandalam Financial Holdings Ltd.	Investment company	1.58	7.5	1.58%	0.12%	1.58% (Sep 2025)	0% (Oct 2024)	4.00 k	0.00	Small Cap	13.86
Can Fin Homes Ltd.	Housing finance company	3.36	7.4	1.55%	0.08%	1.55% (Sep 2025)	0% (Oct 2024)	9.70 k	0.00	Small Cap	13.86
Marico Ltd.	Personal care	1.42	6.8	1.42%	-0.06%	2.72% (Feb 2025)	0% (Oct 2024)	9.70 k	0.00	Large Cap	48.07
Indian Hotels Company Limited	Hotels & resorts	1.34	6.4	1.34%	-0.08%	3.93% (Jan 2025)	0% (Oct 2024)	8.90 k	0.00	Mid Cap	15.22
# Adani Ports And Special Economic Zone Ltd.	Port & port services	1.29	6.1	1.29%	1.29%	1.29% (Sep 2025)	0% (Oct 2024)	4.37 k	4.37 k	Large Cap	48.07
Eris Lifesciences Ltd.	Pharmaceuticals	3.38	6.1	1.27%	-0.18%	1.76% (Nov 2024)	0.57% (Feb 2025)	3.82 k	0.00	Small Cap	13.86
# Eternal Ltd.	E-retail/ e-commerce	1.26	6	1.26%	1.26%	2.75% (Dec 2024)	0% (Oct 2024)	18.53 k	18.53 k	Other	20.7
- Torrent Pharmaceuticals Ltd.	Pharmaceuticals	3.38	5.4	1.13%	0.00%	2.9% (Oct 2024)	0.97% (Apr 2025)	1.50 k	0.00	Mid Cap	15.22
One 97 Communications Ltd.	Financial technology (fintech)	1.13	5.4	1.13%	-0.09%	1.22% (Aug 2025)	0% (Oct 2024)	4.80 k	0.00	Other	20.7
Grasim Industries Limited	Cement & cement products	1.7	5.2	1.10%	-0.01%	2.56% (Apr 2025)	0% (Oct 2024)	1.90 k	0.00	Large Cap	48.07
Tata Steel Ltd.	Iron & steel products	1.09	5.2	1.09%	0.08%	1.09% (Sep 2025)	0% (Oct 2024)	30.90 k	0.00	Other	20.7
Hindustan Petroleum Corporation Ltd.	Refineries & marketing	6.59	5.2	1.09%	0.37%	1.09% (Sep 2025)	0% (Oct 2024)	11.75 k	2.65 k	Large Cap	48.07
Power Grid Corporation of India Ltd.	Power - transmission	1.08	5.2	1.08%	-0.11%	1.22% (May 2025)	0% (Oct 2024)	18.47 k	-2.03 k	Large Cap	48.07
# Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	1.06	5.1	1.06%	1.06%	1.68% (Nov 2024)	0% (Oct 2024)	1.64 k	1.64 k	Mid Cap	15.22
Narayana Hrudayalaya Ltd.	Hospital	2.89	4.9	1.02%	-0.02%	2.53% (Jun 2025)	0% (Oct 2024)	2.80 k	0.00	Small Cap	13.86
# Computer Age Management Services Pvt Ltd.	Depositories, clearing houses and other intermediaries	0.98	4.7	0.98%	0.98%	1.06% (Jan 2025)	0% (Oct 2024)	1.25 k	1.25 k	Other	20.7
Cipla Ltd.	Pharmaceuticals	3.38	4.7	0.98%	0.44%	0.98% (Sep 2025)	0% (Oct 2024)	3.12 k	1.52 k	Large Cap	48.07
Transformers & Rectifiers (India) Ltd.	Power equipment	0.93	4.4	0.93%	-0.28%	1.25% (May 2025)	0% (Oct 2024)	9.09 k	-2.61 k	Small Cap	13.86
Lloyds Metals And Energy Ltd.	Sponge iron	0.9	4.3	0.90%	-0.06%	1.16% (Mar 2025)	0% (Oct 2024)	3.52 k	0.00	Small Cap	13.86
Tech Mahindra Ltd.	Computers - software & consulting	6.82	4.1	0.85%	-0.06%	2.19% (Jan 2025)	0% (Oct 2024)	2.90 k	0.00	Large Cap	48.07
# Indian Bank	Public sector bank	3.45	4	0.84%	0.84%	0.84% (Sep 2025)	0% (Oct 2024)	5.35 k	5.35 k	Mid Cap	15.22
Kirloskar Oil Engines Ltd.	Compressors, pumps & diesel engines	0.8	3.8	0.80%	0.31%	1.11% (Dec 2024)	0% (Oct 2024)	4.18 k	1.58 k	Small Cap	13.86
Oil India Ltd.	Oil exploration & production	0.75	3.6	0.75%	0.29%	0.75% (Sep 2025)	0% (Oct 2024)	8.70 k	3.10 k	Mid Cap	15.22
ABB Power Products and Systems India Ltd.	Heavy electrical equipment	0.72	3.4	0.72%	-0.29%	1.43% (Nov 2024)	0% (Oct 2024)	190.00	-60.00	Other	20.7
Chambal Fertilizers & Chemicals Ltd.	Fertilizers	2.49	3.2	0.68%	-0.48%	1.39% (May 2025)	0% (Oct 2024)	6.33 k	-3.87 k	Small Cap	13.86
Force Motors Ltd.	Passenger cars & utility vehicles	3.61	3.2	0.67%	-1.18%	1.85% (Aug 2025)	0% (Oct 2024)	190.00	-0.26 k	Small Cap	13.86
Bank Of India	Public sector bank	3.45	3.2	0.66%	0.19%	0.66% (Sep 2025)	0% (Oct 2024)	25.51 k	5.51 k	Mid Cap	15.22
Deepak Fertilisers & Petrochemicals Corp. Ltd.	Commodity chemicals	0.65	3.1	0.65%	0.18%	1.01% (Dec 2024)	0% (Oct 2024)	2.06 k	460.00	Small Cap	13.86
S.J.S. Enterprises Ltd.	Auto components & equipments	1.13	3.1	0.64%	0.07%	0.64% (Sep 2025)	0% (Oct 2024)	2.10 k	0.00	Other	20.7
Godfrey Phillips India Ltd.	Cigarettes & tobacco products	0.64	3.1	0.64%	-0.06%	0.7% (Aug 2025)	0% (Oct 2024)	900.00	600.00	Small Cap	13.86
LT Foods Ltd.	Packaged foods	0.64	3	0.64%	-0.03%	0.74% (Jul 2025)	0% (Oct 2024)	7.50 k	0.00	Small Cap	13.86
Ambuja Cements Ltd.	Cement & cement products	1.7	2.9	0.60%	0.11%	0.6% (Sep 2025)	0% (Oct 2024)	5.06 k	960.00	Large Cap	48.07
HCL Technologies Limited	Computers - software & consulting	6.82	2.9	0.60%	0.17%	2.5% (Dec 2024)	0% (Oct 2024)	2.08 k	680.00	Large Cap	48.07
Solar Industries India Ltd.	Explosives	0.56	2.7	0.56%	-0.02%	1.32% (May 2025)	0% (Oct 2024)	200.00	0.00	Small Cap	13.86
Krsnaa Diagnostics Ltd.	Healthcare service provider	0.55	2.6	0.55%	0.07%	0.55% (Sep 2025)	0% (Oct 2024)	3.49 k	590.00	Other	20.7
CSB Bank Ltd.	Private sector bank	17.11	2.6	0.55%	-0.40%	1.06% (Jul 2025)	0% (Oct 2024)	7.08 k	-5.32 k	Other	20.7
EID-Parry (India) Ltd.	Other agricultural products	0.54	2.6	0.54%	-0.05%	0.63% (Jul 2025)	0% (Oct 2024)	2.50 k	0.00	Small Cap	13.86
Coforge Ltd.	Computers - software & consulting	6.82	2.5	0.53%	-1.07%	1.67% (Oct 2024)	0.53% (Sep 2025)	1.60 k	-2.81 k	Other	20.7
# Kalpataru Power Transmission Ltd.	Civil construction	2.85	2.4	0.50%	0.50%	0.5% (Sep 2025)	0% (Oct 2024)	1.91 k	1.91 k	Small Cap	13.86
Indegene Ltd.	Healthcare research, analytics & technology	0.49	2.4	0.49%	0.01%	0.49% (Sep 2025)	0% (Oct 2024)	4.20 k	0.00	Other	20.7
Gabriel India Ltd.	Auto components & equipments	1.13	2.3	0.49%	-0.41%	1.67% (Jul 2025)	0% (Oct 2024)	1.97 k	-1.73 k	Small Cap	13.86
Premier Energies Ltd.	Other electrical equipment	0.47	2.3	0.47%	0.01%	0.51% (Apr 2025)	0% (Oct 2024)	2.20 k	0.00	Other	20.7
Varun Beverages Ltd.	Other beverages	0.45	2.1	0.45%	-0.04%	0.49% (Aug 2025)	0% (Oct 2024)	4.80 k	0.00	Other	20.7
BSE Ltd.	Exchange and data platform	0.44	2.1	0.44%	-0.58%	1.65% (May 2025)	0% (Oct 2024)	1.03 k	-1.27 k	Small Cap	13.86
Persistent Systems Ltd.	Computers - software & consulting	6.82	2	0.42%	-0.05%	2.74% (Dec 2024)	0% (Oct 2024)	420.00	0.00	Other	20.7
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	3.72	0.1	0.02%	0.00%	0% (Nov 2025)	0% (Nov 2025)	10.00 k	0.00	Other	20.7
Great Eastern Shipping Co. Ltd.	Shipping		2.6	0.00%	-0.55%	-	-	-	-	Small Cap	13.86
SBI Cards and Payment Services Ltd.	Non banking financial company (nbfc)	1.06	7.9	0.00%	-1.66%	-	-	-	-	Other	20.7
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	0.75	4.7	0.00%	-0.99%	-	-	-	-	Large Cap	48.07
Thyrocare Technologies Ltd.	Healthcare service provider	0.55	2.3	0.00%	-0.48%	-	-	-	-	Small Cap	13.86
SRF Ltd.	Specialty chemicals		2.3	0.00%	-0.48%	-	-	-	-	Mid Cap	15.22
Apollo Hospitals Enterprises Ltd.	Hospital	2.89	2.3	0.00%	-0.48%	-	-	-	-	Mid Cap	15.22

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

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

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Computer Age Management Services Pvt Ltd.	Depositories, clearing houses and other intermediaries	4.7	0.98%	0.98%	1.06% (Jan 2025)	0% (Oct 2024)	1.25 k	1250
# Eternal Ltd.	E-retail/ e-commerce	6	1.26%	1.26%	2.75% (Dec 2024)	0% (Oct 2024)	18.53 k	18530
# Adani Ports And Special Economic Zone Ltd.	Port & port services	6.1	1.29%	1.29%	1.29% (Sep 2025)	0% (Oct 2024)	4.37 k	4370
# Muthoot Finance Pvt. Ltd.	Non banking financial company (nbfc)	5.1	1.06%	1.06%	1.68% (Nov 2024)	0% (Oct 2024)	1.64 k	1640
# Indian Bank	Public sector bank	4	0.84%	0.84%	0.84% (Sep 2025)	0% (Oct 2024)	5.35 k	5350
# Kalpataru Power Transmission Ltd.	Civil construction	2.4	0.50%	0.50%	0.5% (Sep 2025)	0% (Oct 2024)	1.91 k	1910

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

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	1M Change in Qty
Great Eastern Shipping Co. Ltd.	Shipping	2.6	0.00%	-0.55%	0.97% (Jun 2025)	0% (Oct 2024)	-2800
SBI Cards and Payment Services Ltd.	Non banking financial company (nbfc)	7.9	0.00%	-1.66%	2.7% (May 2025)	0% (Oct 2024)	-9800
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	4.7	0.00%	-0.99%	0.99% (Aug 2025)	0% (Oct 2024)	-19999
Thyrocare Technologies Ltd.	Healthcare service provider	2.3	0.00%	-0.48%	0.48% (Aug 2025)	0% (Oct 2024)	-1800
SRF Ltd.	Specialty chemicals	2.3	0.00%	-0.48%	0.51% (Jun 2025)	0% (Oct 2024)	-800
Apollo Hospitals Enterprises Ltd.	Hospital	2.3	0.00%	-0.48%	2.72% (Jan 2025)	0% (Oct 2024)	-300

Trend in stock holdings (Top 15 Holding)

Stock	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024	Sep 2024
HDFC Bank Ltd.	7.42%	8.18%	8.07%	7.77%	5.06%	5.55%	4.28%	2.97%	-	-	1.04%	1.00%	-
ICICI Bank Ltd.	5.16%	5.63%	5.54%	5.25%	5.81%	5.49%	5.21%	3.51%	2.93%	2.84%	2.36%	1.00%	-
Bharti Airtel Ltd.	3.91%	4.24%	5.21%	5.31%	5.10%	4.80%	3.55%	4.78%	3.70%	3.61%	2.98%	2.92%	2.93%
Sun Pharmaceutical Industries Ltd.	-	-	-	-	-	-	3.59%	3.06%	4.26%	4.02%	3.30%	3.39%	3.34%
Bajaj Auto Ltd.	-	-	-	-	-	-	-	-	-	-	1.78%	3.74%	3.79%
Shree Cement Ltd.	-	-	-	-	-	3.09%	-	-	-	-	-	-	-
Trent Limited	-	-	-	-	-	-	-	-	2.64%	2.98%	3.15%	3.54%	2.76%
Bajaj Holdings & Investment Ltd.	2.21%	2.83%	2.84%	2.84%	3.03%	3.98%	3.65%	3.13%	2.43%	-	-	-	-
Bajaj Finance Ltd.	-	-	-	-	1.88%	3.41%	3.55%	2.69%	-	-	-	-	-
Eicher Motors Ltd.	2.11%	2.45%	2.11%	2.12%	2.95%	3.01%	3.80%	3.12%	-	-	-	-	-
Colgate - Palmolive (India) Limited	-	-	-	-	-	-	-	-	-	-	-	2.44%	2.86%
Reliance Industries Ltd.	3.83%	2.89%	2.85%	2.99%	2.94%	-	-	-	-	-	-	1.39%	1.46%
Pidilite Industries Ltd.	-	-	-	-	-	-	-	2.60%	-	-	-	-	-
HDFC Life Insurance Company Ltd.	-	-	-	-	-	-	2.59%	-	-	-	-	-	-
InterGlobe Aviation Ltd.	2.53%	2.38%	2.40%	2.36%	3.17%	3.05%	3.63%	2.22%	2.27%	2.25%	-	-	1.93%