Zerodha CASE ELSS Tax Saver Nifty LargeMidcap 250 Index Fund
Page methodology reviewed by Kshitij Jain, Principal Officer, NYVO Investment Advisor (INA000022172) · Data updated
NAV
₹14.32
as of 5 Nov 2026
Zerodha CASE ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is an open-ended Index Funds scheme from Zerodha Mutual Fund managing ₹280 crore (as of 30 Sept 2026). Its Direct-plan NAV is ₹14.32 as of 5 Nov 2026. The expense ratio is 0.34% a year. Managed by Kedarnath Mirajkar. This page is factual data only – it carries no rating and no recommendation.
What the fund data says
Zerodha CASE ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is a Direct-plan, growth-option Index Funds scheme managed by Zerodha Mutual Fund. It reported ₹280 crore in assets as of 30 Sept 2026. The scheme began on 8 Nov 2023. The named fund manager is Kedarnath Mirajkar.
The dated asset mix was 100.0% equity, 0.0% debt, -0.0% cash and 0.0% other as of 30 Sept 2026. Within the reported equity size split, exposure was 52.0% large-cap, 46.8% mid-cap, 1.3% small-cap and 0.0% other as of 30 Sept 2026. The portfolio reported 252 holdings, with the ten largest accounting for 21.3% as of 30 Sept 2026.
Its trailing three-year annualised return was 12.0% versus a category median of 10.2%. Across 1 overlapping three-year windows, the weakest annualised result was 11.0% for the window beginning 8 Nov 2023; 100.0% of those overlapping windows ended positive. The Direct-plan expense ratio was 0.34% a year as of 31 Aug 2026. Its displayed SEBI Riskometer level was Very High Risk. These are historical, date-specific observations. They are not a rating, forecast or recommendation. Category comparisons use the category median over the same available period, while overlapping rolling windows are not independent probabilities.
Key facts
₹100 invested, fund vs category
The category line is the average of the funds in this category, built from nyvo’s own NAV data.
Rebased to 100data to 4 Nov 2026Benchmark: NIFTY Large Midcap 250 Index
Zerodha CASE ELSS Tax Saver Nifty LargeMidcap 250 Index Fund
₹140
+40% on ₹100 over 3.0 yrs
Index Funds average
₹110
+10% on ₹100 over 3.0 yrs
Returns vs category
| Window | Fund | Category median | Gap |
|---|---|---|---|
| 3 months | -4.48% | -3.85% | -0.63 |
| 6 months | -1.69% | 0.34% | -2.03 |
| 1 year | -1.96% | -2.77% | +0.81 |
| 3 years (CAGR) | 11.99% | 10.20% | +1.79 |
No category median is available for this fund. Short windows are noise; the 3 and 5-year rows are the record. Past returns do not predict future returns.
A single return number depends on its start date. These are ALL the overlapping holding periods, so the worst case is visible – read that number first.
1-year holding periods
- Worst
- -4.8%
- Median
- 6.1%
- Highest
- 33.1%
25 windows over the last 36 months, stepped monthly; 76% ended positive. Worst window began 3 Nov 2025. Windows overlap – this is the range of past start dates, not a probability of anything.
3-year holding periods (per year)
- Worst
- 11.0%
- Median
- 11.0%
- Highest
- 11.0%
1 windows over the last 36 months, stepped monthly; 100% ended positive. Worst window began 8 Nov 2023. Windows overlap – this is the range of past start dates, not a probability of anything.
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Distance below its own peak
Every dip below 0 is the fund trading under a previous high – how deep and for how long is what a drawdown feels like.
Right now
-4.8% below peak
Where the money actually is
Equity
100.0%
Cash
-0.0%
Whole-portfolio split, as of 30 Sept 2026. The size split below covers only the equity slice of this.
What it owns
252 positions · top 10 = 21.3%
Market-cap mix (equity sleeve)
Large 52.0%Mid 46.8%Small 1.3%
as of 30 Sept 2026
Holdings by sector
Financial Services(6 in top 10)29.4%
- HDFC Bank Ltd4.22%
- ICICI Bank Ltd3.68%
- State Bank of India1.54%
- Axis Bank Ltd1.37%
- Kotak Mahindra Bank Ltd1.19%
- Multi Commodity Exchange of India Ltd1.04%
Industrials(1 in top 10)12.2%
- Larsen & Toubro Ltd1.71%
- Consumer Cyclical12.1%
- Healthcare9.0%
- Basic Materials8.7%
Technology(1 in top 10)7.9%
- Infosys Ltd1.36%
Energy(1 in top 10)5.6%
- Reliance Industries Ltd3.08%
- Consumer Defensive5.4%
Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 30 Sept 2026. Portfolio turnover 13.2% vs category 33.9% a year.
Other top holdings
- Bharti Airtel Ltd2.08%
Money in, money out
- Net flow, 12 months
- +₹58 cr
- Net flow, 3 months
- +₹11 cr
as of 30 Sept 2026. Flows follow performance more than they predict it.
Quick answers
- What is the NAV of Zerodha CASE ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?
- ₹14.32 per unit as of 5 Nov 2026 (Direct plan, growth). NAV is declared daily on working days.
- What is the expense ratio of Zerodha CASE ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?
- 0.34% a year for the Direct plan, as of 31 Aug 2026.
- How large is Zerodha CASE ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?
- ₹280 crore under management as of 30 Sept 2026, in the Index Funds category.
- How risky is Zerodha CASE ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?
- Its SEBI Riskometer reading is "Very High Risk". Own the whole market, pay almost nothing. A great deal of the ETF money is EPFO's.
- What is the worst 3-year return of Zerodha CASE ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?
- 11.0% a year – the weakest of 1 overlapping 3-year holding periods, beginning 8 Nov 2023. The median was 11.0% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.
- Who manages Zerodha CASE ELSS Tax Saver Nifty LargeMidcap 250 Index Fund?
- Kedarnath Mirajkar, managing this fund for 2.9 years.
Where this fund sits
Fund house
Zerodha Mutual Fund funds →
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Its shelf, all funds
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Own the whole market, pay almost nothing. A great deal of the ETF money is EPFO's.
The money map
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What it costs
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- Zerodha CASE Nifty 50 Index Fund₹75 crore
Data: nyvo research systems; each block above states its own as-of date, and blocks with no data for this fund are omitted rather than estimated. NAV updates daily on working days. The benchmark (NIFTY Large Midcap 250 Index) is named for reference only; its values are licensed and never shown. This page is factual information about one scheme. It is not investment advice, not a recommendation, and it carries no rating of any kind. Past performance does not predict future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.