Investment Objective and Approach

The SBI ELSS Tax Saver Fund aims to provide investors with dual advantage of capital appreciation through investment in a diversified equity portfolio and tax benefits under Section 80C of the Income-tax Act, 1961. Additionally, the fund may periodically distribute income, depending on the availability of a distributable surplus.

The fund follows an active investment strategy with open-ended plan structure, which means the investor can invest at any time. Being an ELSS fund, it invests primarily in equity and equity-related instruments across market capitalizations to achieve long-term capital appreciation. The fund maintains a diversified portfolio approach to balance risk and return potential.

To enjoy the tax benefits under Section 80C, investments in this fund come with a statutory lock-in period of 3 years from the date of allotment. This mandatory lock-in period allows fund managers to take strategic investment decisions without concerns about frequent redemptions.

Fund Managers

Dinesh Balachandran is the Current Fund Manager of SBI ELSS Tax Saver Fund Direct Growth fund. Dinesh Balachandran has over 22 years of experience in the industry. He joined SBI Funds Management Limited (SBIFM) in 2012 as a Senior Credit Analyst, subsequently becoming Head of Research before moving on to managing equity funds.

Dinesh started his career with Fidelity in Boston, USA in 2001, where as an analyst he covered Structured Finance and local US Fixed Income market for over 10 years. He holds impressive academic credentials with B.Tech degree from IIT, Mumbai and a M.S degree from Massachusetts Institute of Technology (MIT). He is also a Charterholder of the CFA Institute, USA.

His transition from fixed income to equity markets brings a unique analytical perspective to equity fund management, combining rigorous financial analysis with deep market understanding.

About the Fund House (AMC)

SBI Funds Management Limited (SBIFML) brings together the strength of India's largest bank and international asset management expertise. With 38 years of rich experience in fund management, we at SBI Funds Management Ltd. (SBIFML) bring forward our expertise by consistently delivering value to our investors. We have a strong and proud lineage that traces back to the State Bank of India (SBI) - India's largest bank.

We are a Joint Venture between SBI and AMUNDI (France), one of the world's leading fund management companies. Accordingly, SBI currently holds 61.98% stake in SBIFML, 36.40% stake is held by AMUNDI Asset Management through a wholly owned subsidiary, Amundi India Holding and 1.62% stake is held by others.

Key highlights of SBI Mutual Fund:

- As of March 2024, the SBI Mutual Fund manages assets worth Rs. 9.14 lakh crores

- In early 2019, it moved past Aditya Birla and HDFC Mutual Funds to emerge as the 3rd largest Mutual Fund body in India based on Assets under Management or AUM

- Vision: "To be the most trusted and respected Asset Manager." Mission: "Ethical, Responsive and Innovative Partner in Investment Solutions"

Should I Invest in SBI ELSS Tax Saver Fund?

SBI ELSS Tax Saver Fund can be suitable for investors seeking:

Tax Benefits: When you invest in SBI MF ELSS Funds, you become eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.

Long-term Wealth Creation: These funds have the shortest lock-in period of three years as compared to other tax-saving alternatives. It makes them ideal for wealth creation over the long run in a tax-efficient manner. Investors may invest in SBI MF ELSS Funds to achieve long term goals like children's education, retirement planning and buying a home.

Risk Considerations: SBI MF ELSS Funds are ideal for investors who have a higher risk appetite. The SBI ELSS Tax Saver Fund Direct Growth is rated Very High risk. To realise the full potential of these funds, you need to stay invested throughout the lock-in period.

Performance Track Record: Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 24.3% & 25.11%. However, past performance doesn't guarantee future returns.

FAQs

What is today's NAV of SBI ELSS Tax Saver Fund?

The NAV changes daily based on market movements. You can check the current NAV on Allvest's platform or the fund house website for real-time updates.

What is the AUM of SBI ELSS Tax Saver Fund?

The fund currently has an Asset Under Management(AUM) of ₹11,93,297 Cr and the Latest NAV as of 22 Aug 2025 is ₹470.11. AUM figures are updated monthly by the fund house.

What is the expense ratio of SBI ELSS Tax Saver Fund?

The expense ratio of SBI ELSS Tax Saver Fund Plan is 0.93 as of 1st July 2025. Direct plans typically have lower expense ratios compared to regular plans.

What are the returns of SBI ELSS Tax Saver Fund since inception?

SBI Long Term Equity Fund Direct Plan-Growth scheme return performance in last 1 year is 0.40%, in last 3 years is 93.42% and 586.80% since scheme launch. Past performance is not indicative of future results.

What is the minimum SIP amount to invest in SBI ELSS Tax Saver Fund?

The minimum investment required to start investing in SBI ELSS Tax Saver Fund - Regular Plan is ₹500 for the lump sum option and ₹500 for the SIP (Systematic Investment Plan) option.

How do I invest in SBI ELSS Tax Saver Fund?

You can invest through Allvest's platform by completing your KYC, selecting the fund, choosing investment amount and payment method. Alternatively, you can invest directly through the SBI Mutual Fund website.

How to start a SIP in SBI ELSS Tax Saver Fund?

Register on Allvest, complete your KYC verification, select SBI ELSS Tax Saver Fund, choose SIP option, set the amount (minimum ₹500) and frequency. Set up auto-debit for seamless monthly investments.

How do I automate an SIP in SBI ELSS Tax Saver Fund?

After setting up your SIP on Allvest, enable auto-debit through net banking, debit card, or mandate registration. This ensures automatic monthly deductions without manual intervention.

How can I withdraw/redeem my investment in SBI ELSS Tax Saver Fund?

A notable feature of this fund is the mandatory 3-year lock-in period, a characteristic of all ELSS funds, which investors should be comfortable with. You can redeem only after completing the 3-year lock-in period through Allvest's platform or fund house directly.