LIC MF ELSS TAX SAVER

LIC Mutual FundEquityPortfolio as of 31 July 2026

LIC MF ELSS TAX SAVER holds 56 instruments (96.86% equity), led by ICICI Bank Limited (8.42%), HDFC Bank Limited (6.65%) and Axis Bank Limited (4.09%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings

Equity Allocation

96.86%

AMC

LIC Mutual Fund

Portfolio Analysis

LIC MF ELSS TAX SAVER's top 10 holdings account for 39.79% of its portfolio, more concentrated than the Equity category average of 37.5%. Financial Services is its largest sector exposure at 28.34% of net assets, spread across 11 sectors in total. Since its 30 June 2026 disclosure, the fund added 5 new positions and exited 4 positions, with SML Mahindra Limited seeing the largest move (+1.62pp to 3.27%).

Top 10 Equity Holdings

ICICI Bank Limited · 8.42%HDFC Bank Limited · 6.65%Axis Bank Limited · 4.09%Cholamandalam Investment and Finance Company Limited · 3.79%SML Mahindra Limited · 3.27%State Bank of India · 3.2%SRF Limited · 2.85%Larsen & Toubro Limited · 2.64%Eicher Motors Limited · 2.56%ETERNAL LIMITED · 2.32%

What Changed: June 2026 → July 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

5 new entries4 exits10 increased9 reduced

New Entries

Cohance Lifesciences Limited · 1.71%Star Cement Limited · 1.31%Mahindra & Mahindra Financial Services Limited · 0.55%Brigade Enterprises Limited · 0.06%INDO-MIM LTD · 0.03%

Complete Exits

Infosys Limited · was 1.46%Tata Consultancy Services Limited · was 1.19%REC Limited · was 1%Power Finance Corporation Limited · was 0.9%

Biggest Weight Increases

Stock	Weight	Change
SML Mahindra Limited	1.65% → 3.27%	▲ +1.62
SRF Limited	1.93% → 2.85%	▲ +0.92
TVS Motor Company Limited	1.36% → 2.26%	▲ +0.9
Persistent Systems Limited	0.86% → 1.65%	▲ +0.79
ETERNAL LIMITED	1.6% → 2.32%	▲ +0.72
Abbott India Limited	1.3% → 2%	▲ +0.7
Indus Towers Limited	1.38% → 1.87%	▲ +0.49
Schaeffler India Limited	1.1% → 1.44%	▲ +0.34
Varun Beverages Limited	1.07% → 1.38%	▲ +0.31
ICICI Bank Limited	8.21% → 8.42%	▲ +0.21

Biggest Weight Reductions

Stock	Weight	Change
Reliance Industries Limited	1.97% → 1.08%	▼ -0.89
JK Tyre & Industries Limited	1.01% → 0.4%	▼ -0.61
HDFC Bank Limited	7.22% → 6.65%	▼ -0.57
Axis Bank Limited	4.55% → 4.09%	▼ -0.46
Shakti Pumps (India) Limited	1.85% → 1.44%	▼ -0.41
Trent Limited	2.12% → 1.91%	▼ -0.21
Kirloskar Oil Engines Limited	2.14% → 1.95%	▼ -0.19
Larsen & Toubro Limited	2.82% → 2.64%	▼ -0.18
Avenue Supermarts Limited	1% → 0.88%	▼ -0.12

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Jul 2026).

ICICI Bank Limited

8.42%

HDFC Bank Limited

6.65%

Axis Bank Limited

4.09%

Cholamandalam Investment and Finance Company Limited

3.79%

SML Mahindra Limited

3.27%

Full Portfolio (56 holdings)

#	Holding	Sector	% to NAV
1	ICICI Bank Limited	Financial Services	8.42%
2	HDFC Bank Limited	Financial Services	6.65%
3	TREPStreps	—	4.1%
4	Axis Bank Limited	Financial Services	4.09%
5	Cholamandalam Investment and Finance Company Limited	Financial Services	3.79%
6	SML Mahindra Limited	Industrials	3.27%
7	State Bank of India	Financial Services	3.2%
8	SRF Limited	Materials	2.85%
9	Larsen & Toubro Limited	Industrials	2.64%
10	Eicher Motors Limited	Consumer Discretionary	2.56%
11	ETERNAL LIMITED	Consumer Discretionary	2.32%
12	TVS Motor Company Limited	Consumer Discretionary	2.26%
13	Mahindra & Mahindra Limited	Consumer Discretionary	2.15%
14	Blue Star Limited	Consumer Discretionary	2.14%
15	Torrent Pharmaceuticals Limited	Healthcare	2.09%
16	Abbott India Limited	Healthcare	2%
17	Kirloskar Oil Engines Limited	Industrials	1.95%
18	Trent Limited	Consumer Discretionary	1.91%
19	Ather Energy Limited	Consumer Discretionary	1.9%
20	Indus Towers Limited	Telecommunication	1.87%
21	Bharat Forge Limited	Consumer Discretionary	1.78%
22	Cohance Lifesciences Limited	Healthcare	1.71%
23	Navin Fluorine International Limited	Materials	1.71%
24	Persistent Systems Limited	Information Technology	1.65%
25	Bajaj Finserv Limited	Financial Services	1.64%
26	Samvardhana Motherson International Limited	Consumer Discretionary	1.53%
27	EIH Limited	Consumer Discretionary	1.52%
28	Maruti Suzuki India Limited	Consumer Discretionary	1.46%
29	Schaeffler India Limited	Consumer Discretionary	1.44%
30	Affle 3i Limited	Information Technology	1.44%
31	Shakti Pumps (India) Limited	Industrials	1.44%
32	Varun Beverages Limited	Consumer Staples	1.38%
33	Coromandel International Limited	Materials	1.34%
34	Sun Pharmaceutical Industries Limited	Healthcare	1.33%
35	Star Cement Limited	Materials	1.31%
36	Hindustan Unilever Limited	Consumer Staples	1.26%
37	Eureka Forbes Limited	Consumer Discretionary	1.24%
38	Dr. Agarwal's Health Care Limited	Healthcare	1.2%
39	Mankind Pharma Limited	Healthcare	1.16%
40	ITC Limited	Consumer Staples	1.12%
41	Apollo Hospitals Enterprise Limited	Healthcare	1.09%
42	Reliance Industries Limited	Energy	1.08%
43	Metro Brands Limited	Consumer Discretionary	1.05%
44	Grasim Industries Limited	Materials	0.99%
45	Neuland Laboratories Limited	Healthcare	0.93%
46	Mrs. Bectors Food Specialities Limited	Consumer Staples	0.93%
47	Avenue Supermarts Limited	Consumer Discretionary	0.88%
48	UltraTech Cement Limited	Materials	0.67%
49	Procter & Gamble Hygiene and Health Care Limited	Consumer Staples	0.65%
50	Blue Dart Express Limited	Services	0.57%
51	Mahindra & Mahindra Financial Services Limited	Financial Services	0.55%
52	JK Tyre & Industries Limited	Consumer Discretionary	0.4%
53	Arvind Fashions Limited	Consumer Discretionary	0.26%
54	Brigade Enterprises Limited	Real Estate	0.06%
55	INDO-MIM LTD	Industrials	0.03%
56	Net Receivables / (Payables)other	—	-0.92%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, ICICI Bank Limited is 8.42% of LIC MF ELSS TAX SAVER's net assets — its number 1 holding.

Yes. As of its 31 July 2026 disclosure, HDFC Bank Limited is 6.65% of LIC MF ELSS TAX SAVER's net assets — its number 2 holding.

Yes. As of its 31 July 2026 disclosure, Axis Bank Limited is 4.09% of LIC MF ELSS TAX SAVER's net assets — its number 3 holding.

Yes. As of its 31 July 2026 disclosure, Cholamandalam Investment and Finance Company Limited is 3.79% of LIC MF ELSS TAX SAVER's net assets — its number 4 holding.

Yes. As of its 31 July 2026 disclosure, SML Mahindra Limited is 3.27% of LIC MF ELSS TAX SAVER's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: LIC Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 31 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.