Axis ELSS- Tax Saver Fund vs SBI Balanced Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis ELSS- Tax Saver Fund is an ELSS fund and SBI Balanced Hybrid Fund is a mutual fund. Axis ELSS- Tax Saver Fund charges 1.05% a year and SBI Balanced Hybrid Fund 1.46% (Direct plans). Their portfolios overlap 16.7%: they hold 15 of the same securities.
Which is better, Axis ELSS- Tax Saver or SBI Balanced Hybrid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis ELSS- Tax Saver costs less: 1.05% a year against 1.46% (Direct plans).
- SBI Balanced Hybrid fell less in its worst fall since 04-09-2026: −3.9% against −7.3%.
- Axis ELSS- Tax Saver holds more in large companies: 68.0% of the fund in large caps against 18.7%.
- Axis ELSS- Tax Saver is the larger fund: ₹30,269 Cr against ₹1,980 Cr.
- Their portfolios overlap 16.7%: 15 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 ELSS- Tax Saver Fund | SBI Balanced Hybrid Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | SBI Mutual Fund |
| Category | ELSS | Not available |
| AUM | ₹30,269 Cr (30-09-2026) | ₹1,980 Cr (30-09-2026) |
| NAV | ₹106.82 (Direct) | ₹9.82 (Direct) |
| Expense ratio (Direct) | 1.05% | 1.46% |
| Expense ratio (Regular) | 1.76% | 2.61% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 500 TRI | Not available |
| Launch date | 29-12-2009 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | 3 years | Not available |
| Fund managers | Shreyash Devalkar Mr. Ashish Naik | Not available |
| Exit load | Nil | Not available |
Axis ELSS- Tax Saver vs SBI Balanced Hybrid: 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 ELSS- Tax Saver Fund (Direct) | +1.20% | −3.48% | +1.46% | −4.51% | +10.74% | +5.27% | +11.72% |
| SBI Balanced Hybrid Fund (Direct) | −1.42% | -- | -- | -- | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
Category average: the average of the 50 ELSS funds, same plan type.
Axis ELSS- Tax Saver vs SBI Balanced Hybrid: Year-wise Returns
| Year | Axis ELSS- Tax SaverAxis ELSS- Tax Saver | SBI Balanced HybridSBI Balanced Hybrid |
|---|---|---|
| 2026to date | −3.10% | -- |
| 2025 | +5.15% | -- |
| 2024 | +18.30% | -- |
| 2023 | +22.89% | -- |
| 2022 | −11.23% | -- |
| 2021 | +25.60% | -- |
Axis ELSS- Tax Saver vs SBI Balanced Hybrid: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Axis ELSS- Tax Saver Fund
Axis ELSS- Tax Saver vs SBI Balanced Hybrid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis ELSS- Tax Saver Fund (Direct) | SBI Balanced Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.25% | −12.09% |
| Standard deviation | 15.06% | 7.82% |
| Sharpe ratio | 0.61 | -2.23 |
| Sortino ratio | 0.84 | -2.71 |
| Maximum drawdown | −33.5% (23-03-2020) | −3.9% (23-10-2026) |
| Beta | 0.89 | -- |
| Alpha | +3.18% | -- |
From daily NAVs, 02-01-2013 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 ELSS- Tax Saver Fund (Direct)
SBI Balanced Hybrid Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis ELSS- Tax Saver Fund (Direct) | −7.3% | 04-09-2026 | 23-10-2026 | Not yet | -- | −4.3% |
| SBI Balanced Hybrid Fund (Direct) | −3.9% | 10-09-2026 | 23-10-2026 | Not yet | -- | −2.2% |
| Nifty 500 TRI | −7.8% | 04-09-2026 | 23-10-2026 | Not yet | -- | −5.8% |
From daily values since 04-09-2026, the first day every fund has.
Axis ELSS- Tax Saver vs SBI Balanced Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: Axis ELSS- Tax Saver Fund, September 2026; SBI Balanced Hybrid Fund, September 2026
Holdings in common
- Overlap
- 16.7%
- Held by both
- 15
- Only in Axis ELSS- Tax Saver
- 56
- Only in SBI Balanced Hybrid
- 25
| Security | % of Axis ELSS- Tax Saver | % of SBI Balanced Hybrid |
|---|---|---|
| HDFC Bank Limited | 6.09% | 1.72% |
| Kotak Mahindra Bank Limited | 2.47% | 1.69% |
| Bajaj Finance Limited | 3.35% | 1.55% |
| Cholamandalam Investment and Finance Company Ltd | 2.25% | 1.47% |
| Sun Pharmaceutical Industries Limited | 1.61% | 1.38% |
| Solar Industries India Limited | 1.26% | 1.59% |
| Divi's Laboratories Limited | 2.74% | 1.17% |
| Navin Fluorine International Limited | 1.13% | 1.50% |
| Hyundai Motor India Ltd | 1.14% | 1.03% |
| Tata Motors Ltd | 1.26% | 1.02% |
| Fortis Healthcare Limited | 0.86% | 0.97% |
| Sundaram Finance Limited | 0.70% | 1.65% |
| Craftsman Automation Limited | 0.67% | 1.32% |
| Tenneco Clean Air India Limited | 0.53% | 1.03% |
| Torrent Pharmaceuticals Limited | 0.51% | 1.21% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.7% means 16.7% 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 ELSS- Tax Saver Fund
| Security | % of fund |
|---|---|
| ICICI Bank Limited | 6.89% |
| Bharti Airtel Limited | 4.45% |
| Eternal Limited | 3.35% |
| Axis Bank Limited | 2.73% |
| Larsen & Toubro Limited | 2.70% |
Largest holdings only in SBI Balanced Hybrid Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 7.58% |
| Indian Overseas Bank | 7.58% |
| Cholamandalam Investment & Finance Co. Ltd.Perpetual | 6.19% |
| L&T Metro Rail (Hyderabad) Ltd. | 4.99% |
| Interise Trust | 4.55% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis ELSS- Tax Saver | SBI Balanced Hybrid |
|---|---|---|
| Equity | 97.9% | 41.8% |
| Debt | 0.0% | 37.2% |
| Cash and others | 2.1% | 21.0% |
Market cap of stocks
| Market cap | Axis ELSS- Tax Saver | SBI Balanced Hybrid |
|---|---|---|
| Large Cap | 68.0% | 18.7% |
| Mid Cap | 21.1% | 4.9% |
| Small Cap | 7.4% | 18.2% |
| Not on AMFI's list | 1.4% | 0.0% |
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 ELSS- Tax Saver | SBI Balanced Hybrid |
|---|---|---|
| Banks | 22.2% | 3.4% |
| Auto Components | 3.5% | 9.3% |
| Pharmaceuticals & Biotechnology | 7.7% | 8.9% |
| Finance | 6.3% | 4.7% |
| Automobiles | 5.7% | 2.3% |
| Retailing | 5.1% | 0.0% |
| IT - Software | 4.9% | 0.0% |
| Chemicals & Petrochemicals | 4.8% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
Axis ELSS- Tax Saver vs SBI Balanced Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis ELSS- Tax Saver Fund | SBI Balanced Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.05% | 1.46% |
| Base expense ratio (Direct) | 0.74% | 0.56% |
| Total expense ratio (Regular) | 1.76% | 2.61% |
| Base expense ratio (Regular) | 1.35% | 1.54% |
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.
More comparisons
Each fund against the others of its category
Axis ELSS- Tax Saver Fund vs SBI Balanced Hybrid Fund: Frequently Asked Questions
What is the difference between Axis ELSS- Tax Saver Fund and SBI Balanced Hybrid Fund?
Axis ELSS- Tax Saver Fund is an ELSS fund, SBI Balanced Hybrid Fund is a mutual fund, run by Axis Mutual Fund and SBI Mutual Fund. Their portfolios overlap 16.7%. Axis ELSS- Tax Saver Fund charges 1.05% a year and SBI Balanced Hybrid Fund 1.46%.
Which has the lower expense ratio, Axis ELSS- Tax Saver Fund or SBI Balanced Hybrid Fund?
Axis ELSS- Tax Saver Fund charges less: 1.05% a year against 1.46%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis ELSS- Tax Saver Fund and SBI Balanced Hybrid Fund overlap?
16.7%. They hold 15 of the same securities, the largest shared ones being HDFCBANK, KOTAKBANK, BAJFINANCE. From each fund's latest monthly portfolio.
Can I invest in both Axis ELSS- Tax Saver Fund and SBI Balanced Hybrid Fund?
Yes. 16.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.