Axis BSE Sensex Index Fund vs Tata Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis BSE Sensex Index Fund is an Index fund and Tata Equity Savings Fund is an Equity Savings fund. In the year to 30-10-2026, Axis BSE Sensex Index Fund (Direct) returned −10.9% and Tata Equity Savings Fund (Direct) returned 7.5%. Axis BSE Sensex Index Fund charges 0.21% a year and Tata Equity Savings Fund 0.60% (Direct plans). Their portfolios overlap 43.2%: they hold 19 of the same securities.
Tata Equity Savings Fund is closed. It has not published a NAV since 20-02-2026. Its figures stop there.
Axis BSE Sensex Index Fund
Index
- 1 year return
- −10.9%
- Expense ratio
- 0.21%
- NAV
- ₹10.49
Tata Equity Savings Fund
Equity Savings
- 1 year return
- 7.5%
- Expense ratio
- 0.60%
- NAV
- ₹63.75
Which is better, Axis BSE Sensex Index or Tata Equity Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata Equity Savings returned more over 1 year: 7.5% against −10.9%.
- Axis BSE Sensex Index costs less: 0.21% a year against 0.60% (Direct plans).
- Tata Equity Savings fell less in its worst fall since 29-02-2024: −2.5% against −15.9%.
- Axis BSE Sensex Index holds more in large companies: 100.0% of the fund in large caps against 62.3%.
- Tata Equity Savings is the larger fund: ₹285 Cr against ₹51 Cr.
- Their portfolios overlap 43.2%: 19 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis BSE Sensex Index Fund | Tata Equity Savings Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Tata Mutual Fund |
| Category | Index | Equity Savings |
| AUM | ₹51 Cr (30-09-2026) | ₹285 Cr (31-01-2026) |
| NAV | ₹10.49 (Direct) | ₹63.75 (Direct) |
| Expense ratio (Direct) | 0.21% | 0.60% |
| Expense ratio (Regular) | 0.82% | 1.15% |
| Riskometer | Very High | Low to Moderate |
| Benchmark | BSE SENSEX TRI | NIFTY Equity Savings Index |
| Launch date | 27-02-2024 | 05-05-1997 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Murthy Nagarajan, Sailesh Jain, Tapan Patel |
| Exit load | Exit load of 0.25%, if redeemed within 7 days. | Redemption / Switch out / SWP / STP before expiry of 7 days from the date of allotment - 0.25% of NAV; Redemption / Switch out / SWP / STP after expiry of 7 days from the date of allotment - NIL |
Axis BSE Sensex Index vs Tata Equity Savings: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis BSE Sensex Index Fund (Direct) | +2.76% | −4.32% | −2.46% | −10.89% | -- | -- | -- |
| Tata Equity Savings Fund (Direct) | +0.39% | +0.03% | +2.15% | +7.54% | +10.58% | +8.92% | +9.11% |
Axis BSE Sensex Index vs Tata Equity Savings: Year-wise Returns
| Year | Axis BSE Sensex IndexAxis BSE Sensex Index | Tata Equity SavingsTata Equity Savings |
|---|---|---|
| 2026to date | −11.80% | −0.30% |
| 2025 | +10.27% | +7.28% |
| 2024 | -- | +11.89% |
| 2023 | -- | +13.39% |
| 2022 | -- | +4.09% |
| 2021 | -- | +12.19% |
Axis BSE Sensex Index vs Tata Equity Savings: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of Axis BSE Sensex Index Fund
Rolling returns
Every 1-year holding period, 415 of them, one for each trading day from 03-03-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis BSE Sensex Index Fund (Direct)
Tata Equity Savings Fund (Direct)
BSE SENSEX TRI
to
Apr 2025Aug 2024
to
Aug 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Jun 2025
to
Jun 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis BSE Sensex Index | 40.0 | 19.8 | 28.9 | 11.3 | 0.0 | 0.0 | 0.0 | 1.9% | 2.3% | −12.6% | 14.3% | 37% |
| Tata Equity Savings | 0.0 | 1.2 | 91.7 | 7.1 | 0.0 | 0.0 | 0.0 | 7.5% | 7.2% | 4.8% | 10.9% | 63% |
| BSE SENSEX TRI | 39.3 | 20.2 | 28.2 | 12.3 | 0.0 | 0.0 | 0.0 | 2.0% | 2.4% | −12.6% | 14.6% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE SENSEX TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 29-02-2024. Past returns do not promise future returns.
Axis BSE Sensex Index vs Tata Equity Savings: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 29-02-2024 to 30-10-2026: 33 instalments, ₹3,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis BSE Sensex IndexAxis BSE Sensex Index Fund (Direct) | ₹3,30,000 | ₹3,17,925 | −₹12,075 | −2.6% |
| Tata Equity SavingsTata Equity Savings Fund (Direct) | ₹2,50,000 | ₹2,67,386 | ₹17,386 | 6.5% |
Axis BSE Sensex IndexAxis BSE Sensex Index Fund (Direct)
Tata Equity SavingsTata Equity Savings Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis BSE Sensex Index vs Tata Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis BSE Sensex Index Fund (Direct) | Tata Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.89% | +7.54% |
| Standard deviation | 13.76% | 2.70% |
| Sharpe ratio | -1.17 | 0.72 |
| Sortino ratio | -1.58 | 1.11 |
| Maximum drawdown | −15.9% (30-03-2026) | −1.1% (23-01-2026) |
| Beta | 0.99 | -- |
| Alpha | −0.08% | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis BSE Sensex Index Fund (Direct) | Tata Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.10% | +8.55% |
| Standard deviation | 13.37% | 4.83% |
| Sharpe ratio | -0.28 | 0.51 |
| Sortino ratio | -0.40 | 0.69 |
| Maximum drawdown | −15.9% (30-03-2026) | −13.8% (23-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.13% | -- |
From daily NAVs, 29-02-2024 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Axis BSE Sensex Index Fund (Direct)
Tata Equity Savings Fund (Direct)
BSE SENSEX TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis BSE Sensex Index Fund (Direct) | −15.9% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.3% |
| Tata Equity Savings Fund (Direct) | −2.5% | 03-06-2024 | 04-06-2024 | 12-06-2024 | 8 days | −0.6% |
| BSE SENSEX TRI | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 29-02-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis BSE Sensex Index Fund (Direct)
Tata Equity Savings Fund (Direct)
BSE SENSEX TRI
Against BSE SENSEX TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis BSE Sensex Index Fund (Direct) | 99% | 100% | 0.11% |
| Tata Equity Savings Fund (Direct) | 43% | 4% | 8.32% |
From month-end values since 29-02-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Axis BSE Sensex Index vs Tata Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: Axis BSE Sensex Index Fund, September 2026; Tata Equity Savings Fund, January 2026
Holdings in common
- Overlap
- 43.2%
- Held by both
- 19
- Only in Axis BSE Sensex Index
- 11
- Only in Tata Equity Savings
- 26
| Security | % of Axis BSE Sensex Index | % of Tata Equity Savings |
|---|---|---|
| HDFC Bank Limited | 12.59% | 7.10% |
| ICICI Bank Limited | 11.04% | 5.79% |
| Bharti Airtel Limited | 6.38% | 5.79% |
| State Bank of India | 4.64% | 6.10% |
| Larsen & Toubro Limited | 5.11% | 4.53% |
| Reliance Industries Limited | 9.16% | 4.26% |
| Axis Bank Limited | 4.08% | 5.51% |
| NTPC Limited | 1.78% | 4.21% |
| Adani Ports and Special Economic Zone Limited | 1.63% | 3.79% |
| Bajaj Finserv Limited | 1.13% | 0.70% |
| Tata Consultancy Services Limited | 2.41% | 0.60% |
| InterGlobe Aviation Limited | 1.30% | 0.43% |
| Hindustan Unilever Limited | 1.95% | 0.42% |
| Sun Pharmaceutical Industries Limited | 2.28% | 0.33% |
| Titan Company Limited | 2.18% | 0.29% |
| UltraTech Cement Limited | 1.50% | 0.29% |
| Power Grid Corporation of India Limited | 1.38% | 0.24% |
| ITC Limited | 2.96% | 0.18% |
| Tata Steel Limited | 1.77% | 0.11% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 43.2% means 43.2% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis BSE Sensex Index Fund
| Security | % of fund |
|---|---|
| Infosys Limited | 4.09% |
| Kotak Mahindra Bank Limited | 3.57% |
| Mahindra & Mahindra Limited | 3.07% |
| Bajaj Finance Limited | 2.99% |
| Eternal Limited | 2.69% |
Largest holdings only in Tata Equity Savings Fund
| Security | % of fund |
|---|---|
| GOI - 7.10% (08/04/2034) | 10.78% |
| AUROBINDO PHARMA LTD. | 3.34% |
| SBI LIFE INSURANCE COMPANY LTD. | 3.21% |
| AMBUJA CEMENTS LTD. | 3.09% |
| TATA MOTORS PASSENGER VEHICLES LTD. | 3.09% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis BSE Sensex Index | Tata Equity Savings |
|---|---|---|
| Equity | 100.0% | 69.7% |
| Debt | 0.0% | 14.3% |
| Cash and others | -0.0% | 16.0% |
Market cap of stocks
| Market cap | Axis BSE Sensex Index | Tata Equity Savings |
|---|---|---|
| Large Cap | 100.0% | 62.3% |
| Mid Cap | 0.0% | 6.7% |
| Small Cap | 0.0% | 0.7% |
| Not on AMFI's list | 0.0% | 0.1% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Axis BSE Sensex Index | Tata Equity Savings |
|---|---|---|
| Banks | 35.9% | 24.5% |
| Petroleum Products | 9.2% | 4.3% |
| IT - Software | 9.2% | 1.9% |
| Telecom - Services | 6.4% | 5.9% |
| Construction | 5.1% | 4.5% |
| Diversified FMCG | 4.9% | 0.6% |
| Power | 3.2% | 4.5% |
| Pharmaceuticals & Biotechnology | 2.3% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis BSE Sensex Index vs Tata Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis BSE Sensex Index Fund | Tata Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.21% | 0.60% |
| Base expense ratio (Direct) | 0.09% | 0.54% |
| Total expense ratio (Regular) | 0.82% | 1.15% |
| Base expense ratio (Regular) | 0.61% | 1.09% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
Axis BSE Sensex Index Fund vs Tata Equity Savings Fund: Frequently Asked Questions
What is the difference between Axis BSE Sensex Index Fund and Tata Equity Savings Fund?
Axis BSE Sensex Index Fund is an Index fund, Tata Equity Savings Fund is an Equity Savings fund, run by Axis Mutual Fund and Tata Mutual Fund. Their portfolios overlap 43.2%. Axis BSE Sensex Index Fund charges 0.21% a year and Tata Equity Savings Fund 0.60%.
Which has given higher returns, Axis BSE Sensex Index Fund or Tata Equity Savings Fund?
Over 1 year: Axis BSE Sensex Index Fund −10.89%, Tata Equity Savings Fund +7.54%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis BSE Sensex Index Fund or Tata Equity Savings Fund?
Axis BSE Sensex Index Fund charges less: 0.21% a year against 0.60%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis BSE Sensex Index Fund and Tata Equity Savings Fund overlap?
43.2%. They hold 19 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Axis BSE Sensex Index Fund or Tata Equity Savings Fund?
On SEBI's riskometer, Axis BSE Sensex Index Fund is rated Very High and Tata Equity Savings Fund Low to Moderate. Over 1 years, the standard deviation of daily returns was 13.76% and 2.70% a year.
Can I invest in both Axis BSE Sensex Index Fund and Tata Equity Savings Fund?
Yes. 43.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis BSE Sensex Index Fund and Tata Equity Savings Fund?
Axis BSE Sensex Index Fund: Nandik Malik, Rohit Gautam. Tata Equity Savings Fund: Murthy Nagarajan, Sailesh Jain, Tapan Patel.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.