Axis ELSS- Tax Saver Fund vs SBI Retirement Benefit Fund - Aggressive Plan
Direct Plan, Growth option · Data as on 30-10-2026
Axis ELSS- Tax Saver Fund is an ELSS fund and SBI Retirement Benefit Fund - Aggressive Plan is a Solution fund. In the 3 years to 30-10-2026, Axis ELSS- Tax Saver Fund (Direct) returned 10.7% a year and SBI Retirement Benefit Fund - Aggressive Plan (Direct) returned 8.3% a year. Axis ELSS- Tax Saver Fund charges 1.05% a year and SBI Retirement Benefit Fund - Aggressive Plan 1.14% (Direct plans). Their portfolios overlap 37.3%: they hold 19 of the same securities.
Axis ELSS- Tax Saver Fund
ELSS
- 3 year return
- 10.7%
- Expense ratio
- 1.05%
- NAV
- ₹106.82
SBI Retirement Benefit Fund - Aggressive Plan
Solution
- 3 year return
- 8.3%
- Expense ratio
- 1.14%
- NAV
- ₹20.68
Which is better, Axis ELSS- Tax Saver or SBI Retirement Benefit Fund - Aggressive Plan? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Retirement Benefit Fund - Aggressive Plan returned more over 5 years: 9.7% a year against 5.3%.
- Axis ELSS- Tax Saver returned more over 3 years: 10.7% a year against 8.3%.
- Axis ELSS- Tax Saver costs less: 1.05% a year against 1.14% (Direct plans).
- SBI Retirement Benefit Fund - Aggressive Plan swung less over 3 years: a standard deviation of 13.1% a year against 13.3%.
- SBI Retirement Benefit Fund - Aggressive Plan fell less in its worst fall since 17-02-2021: −17.9% against −28.0%.
- Axis ELSS- Tax Saver holds more in large companies: 68.0% of the fund in large caps against 46.3%.
- Axis ELSS- Tax Saver is the larger fund: ₹30,269 Cr against ₹3,066 Cr.
- Their portfolios overlap 37.3%: 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 ELSS- Tax Saver Fund | SBI Retirement Benefit Fund - Aggressive Plan |
|---|---|---|
| Fund house | Axis Mutual Fund | SBI Mutual Fund |
| Category | ELSS | Solution |
| AUM | ₹30,269 Cr (30-09-2026) | ₹3,066 Cr (30-09-2026) |
| NAV | ₹106.82 (Direct) | ₹20.68 (Direct) |
| Expense ratio (Direct) | 1.05% | 1.14% |
| Expense ratio (Regular) | 1.76% | 2.10% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | BSE 500 TRI |
| Launch date | 29-12-2009 | 10-02-2021 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | 3 years | 5 years, or until retirement if earlier |
| Fund managers | Shreyash Devalkar Mr. Ashish Naik | Ardhendu Bhattacharya, Rohit Shimpi |
| Exit load | Nil | Nil |
Axis ELSS- Tax Saver vs SBI Retirement Benefit Fund - Aggressive Plan: 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 Retirement Benefit Fund - Aggressive Plan (Direct) | −1.40% | −4.07% | +0.07% | −5.24% | +8.29% | +9.65% | -- |
| 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 Retirement Benefit Fund - Aggressive Plan: Year-wise Returns
| Year | Axis ELSS- Tax SaverAxis ELSS- Tax Saver | SBI Retirement Benefit Fund - Aggressive PlanSBI Retirement Benefit Fund - Aggressive Plan |
|---|---|---|
| 2026to date | −3.10% | −4.92% |
| 2025 | +5.15% | +6.18% |
| 2024 | +18.30% | +11.72% |
| 2023 | +22.89% | +28.29% |
| 2022 | −11.23% | +9.22% |
| 2021 | +25.60% | -- |
Axis ELSS- Tax Saver vs SBI Retirement Benefit Fund - Aggressive Plan: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Axis ELSS- Tax Saver Fund
Rolling returns
Every 3-year holding period, 672 of them, one for each trading day from 19-02-2024 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 ELSS- Tax Saver Fund (Direct)
SBI Retirement Benefit Fund - Aggressive Plan (Direct)
Nifty 500 TRI
to
May 2024Oct 2021
to
Oct 2024Apr 2022
to
Apr 2025Sept 2022
to
Sept 2025Mar 2023
to
Mar 2026Aug 2023
to
Aug 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 ELSS- Tax Saver | 0.0 | 0.0 | 22.5 | 58.5 | 19.0 | 0.0 | 0.0 | 12.4% | 12.1% | 6.0% | 19.8% | 6% |
| SBI Retirement Benefit Fund - Aggressive Plan | 0.0 | 0.0 | 8.3 | 40.7 | 25.4 | 25.6 | 0.0 | 16.0% | 15.1% | 6.9% | 24.1% | 46% |
| Nifty 500 TRI | 0.0 | 0.0 | 2.8 | 28.4 | 59.1 | 9.7 | 0.0 | 16.2% | 16.3% | 8.8% | 22.3% | -- |
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 Nifty 500 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 17-02-2021. Past returns do not promise future returns.
Axis ELSS- Tax Saver vs SBI Retirement Benefit Fund - Aggressive Plan: 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 01-02-2021 to 30-10-2026: 69 instalments, ₹6,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis ELSS- Tax SaverAxis ELSS- Tax Saver Fund (Direct) | ₹6,90,000 | ₹8,54,923 | ₹1,64,923 | 7.4% |
| SBI Retirement Benefit Fund - Aggressive PlanSBI Retirement Benefit Fund - Aggressive Plan (Direct) | ₹6,90,000 | ₹8,89,149 | ₹1,99,149 | 8.7% |
Axis ELSS- Tax SaverAxis ELSS- Tax Saver Fund (Direct)
SBI Retirement Benefit Fund - Aggressive PlanSBI Retirement Benefit Fund - Aggressive Plan (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 ELSS- Tax Saver vs SBI Retirement Benefit Fund - Aggressive Plan: 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 Retirement Benefit Fund - Aggressive Plan (Direct) |
|---|---|---|
| Return (CAGR) | −4.51% | −5.24% |
| Standard deviation | 14.43% | 14.39% |
| Sharpe ratio | -0.68 | -0.73 |
| Sortino ratio | -0.91 | -0.99 |
| Maximum drawdown | −14.1% (31-03-2026) | −14.9% (31-03-2026) |
| Beta | 0.99 | 0.98 |
| Alpha | +2.66% | +2.15% |
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 ELSS- Tax Saver Fund (Direct) | SBI Retirement Benefit Fund - Aggressive Plan (Direct) |
|---|---|---|
| Return (CAGR) | +10.74% | +8.29% |
| Standard deviation | 13.35% | 13.06% |
| Sharpe ratio | 0.35 | 0.17 |
| Sortino ratio | 0.49 | 0.24 |
| Maximum drawdown | −16.5% (28-02-2025) | −17.9% (07-04-2025) |
| Beta | 0.90 | 0.89 |
| Alpha | +0.96% | −1.16% |
From daily NAVs, 30-10-2023 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 ELSS- Tax Saver Fund (Direct) | SBI Retirement Benefit Fund - Aggressive Plan (Direct) |
|---|---|---|
| Return (CAGR) | +5.27% | +9.65% |
| Standard deviation | 14.16% | 13.05% |
| Sharpe ratio | -0.04 | 0.29 |
| Sortino ratio | -0.05 | 0.40 |
| Maximum drawdown | −26.5% (17-06-2022) | −17.9% (07-04-2025) |
| Beta | 0.93 | 0.87 |
| Alpha | −3.32% | +1.35% |
From daily NAVs, 29-10-2021 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 ELSS- Tax Saver Fund (Direct) | SBI Retirement Benefit Fund - Aggressive Plan (Direct) |
|---|---|---|
| Return (CAGR) | +15.25% | +13.31% |
| Standard deviation | 15.06% | 12.93% |
| Sharpe ratio | 0.61 | 0.61 |
| Sortino ratio | 0.84 | 0.83 |
| Maximum drawdown | −33.5% (23-03-2020) | −17.9% (07-04-2025) |
| Beta | 0.89 | 0.86 |
| Alpha | +3.18% | +2.90% |
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 Retirement Benefit Fund - Aggressive Plan (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) | −28.0% | 14-10-2021 | 17-06-2022 | 18-12-2023 | 18 months | −6.0% |
| SBI Retirement Benefit Fund - Aggressive Plan (Direct) | −17.9% | 26-09-2024 | 07-04-2025 | Not yet | -- | −8.0% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 17-02-2021, 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 ELSS- Tax Saver Fund (Direct)
SBI Retirement Benefit Fund - Aggressive Plan (Direct)
Nifty 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis ELSS- Tax Saver Fund (Direct)
SBI Retirement Benefit Fund - Aggressive Plan (Direct)
Nifty 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis ELSS- Tax Saver Fund (Direct)
SBI Retirement Benefit Fund - Aggressive Plan (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis ELSS- Tax Saver Fund (Direct) | 93% | 107% | 5.94% |
| SBI Retirement Benefit Fund - Aggressive Plan (Direct) | 97% | 84% | 4.34% |
From month-end values since 17-02-2021. 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 ELSS- Tax Saver vs SBI Retirement Benefit Fund - Aggressive Plan: Portfolio Overlap
From each fund's latest monthly portfolio: Axis ELSS- Tax Saver Fund, September 2026; SBI Retirement Benefit Fund - Aggressive Plan, September 2026
Holdings in common
- Overlap
- 37.3%
- Held by both
- 19
- Only in Axis ELSS- Tax Saver
- 52
- Only in SBI Retirement Benefit Fund - Aggressive Plan
- 37
| Security | % of Axis ELSS- Tax Saver | % of SBI Retirement Benefit Fund - Aggressive Plan |
|---|---|---|
| HDFC Bank Limited | 6.09% | 6.13% |
| ICICI Bank Limited | 6.89% | 5.63% |
| Larsen & Toubro Limited | 2.70% | 3.86% |
| Kotak Mahindra Bank Limited | 2.47% | 2.67% |
| UltraTech Cement Limited | 2.36% | 2.58% |
| State Bank of India | 2.32% | 3.61% |
| Bajaj Finance Limited | 3.35% | 2.24% |
| Divi's Laboratories Limited | 2.74% | 2.09% |
| Sona BLW Precision Forgings Limited | 1.56% | 1.75% |
| The Indian Hotels Company Limited | 1.69% | 1.43% |
| Pidilite Industries Limited | 2.42% | 1.29% |
| Hyundai Motor India Ltd | 1.14% | 1.92% |
| Navin Fluorine International Limited | 1.13% | 1.96% |
| InterGlobe Aviation Limited | 1.46% | 1.11% |
| TVS Motor Company Limited | 1.03% | 2.10% |
| Anthem Biosciences Limited | 0.83% | 2.08% |
| JSW Infrastructure Ltd | 0.80% | 2.32% |
| Page Industries Limited | 0.68% | 0.94% |
| Torrent Power Limited | 0.39% | 1.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.3% means 37.3% 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 |
|---|---|
| Bharti Airtel Limited | 4.45% |
| Eternal Limited | 3.35% |
| Axis Bank Limited | 2.73% |
| Mahindra & Mahindra Limited | 2.42% |
| Cholamandalam Investment and Finance Company Ltd | 2.25% |
Largest holdings only in SBI Retirement Benefit Fund - Aggressive Plan
| Security | % of fund |
|---|---|
| Maruti Suzuki India Ltd. | 2.95% |
| Urban Company Ltd. | 2.39% |
| Lenskart Solutions Ltd. | 2.26% |
| Corona Remedies Ltd. | 2.07% |
| Timken India Ltd. | 1.95% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis ELSS- Tax Saver | SBI Retirement Benefit Fund - Aggressive Plan |
|---|---|---|
| Equity | 97.9% | 95.3% |
| Debt | 0.0% | 0.2% |
| Cash and others | 2.1% | 4.5% |
Market cap of stocks
| Market cap | Axis ELSS- Tax Saver | SBI Retirement Benefit Fund - Aggressive Plan |
|---|---|---|
| Large Cap | 68.0% | 46.3% |
| Mid Cap | 21.1% | 23.9% |
| Small Cap | 7.4% | 23.4% |
| Not on AMFI's list | 1.4% | 1.8% |
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 Retirement Benefit Fund - Aggressive Plan |
|---|---|---|
| Banks | 22.2% | 18.0% |
| Pharmaceuticals & Biotechnology | 7.7% | 7.2% |
| Automobiles | 5.7% | 7.0% |
| Finance | 6.3% | 4.6% |
| Retailing | 5.1% | 6.2% |
| Realty | 1.1% | 5.3% |
| Auto Components | 3.5% | 5.0% |
| IT - Software | 4.9% | 3.8% |
The six largest sectors of each fund's stocks, % of the fund.
Axis ELSS- Tax Saver vs SBI Retirement Benefit Fund - Aggressive Plan: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis ELSS- Tax Saver Fund | SBI Retirement Benefit Fund - Aggressive Plan |
|---|---|---|
| Total expense ratio (Direct) | 1.05% | 1.14% |
| Base expense ratio (Direct) | 0.74% | 0.85% |
| Total expense ratio (Regular) | 1.76% | 2.10% |
| Base expense ratio (Regular) | 1.35% | 1.68% |
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 Retirement Benefit Fund - Aggressive Plan: Frequently Asked Questions
What is the difference between Axis ELSS- Tax Saver Fund and SBI Retirement Benefit Fund - Aggressive Plan?
Axis ELSS- Tax Saver Fund is an ELSS fund, SBI Retirement Benefit Fund - Aggressive Plan is a Solution fund, run by Axis Mutual Fund and SBI Mutual Fund. Their portfolios overlap 37.3%. Axis ELSS- Tax Saver Fund charges 1.05% a year and SBI Retirement Benefit Fund - Aggressive Plan 1.14%.
Which has given higher returns, Axis ELSS- Tax Saver Fund or SBI Retirement Benefit Fund - Aggressive Plan?
Over 1 year: Axis ELSS- Tax Saver Fund −4.51%, SBI Retirement Benefit Fund - Aggressive Plan −5.24%. Over 3 years: Axis ELSS- Tax Saver Fund +10.74% a year, SBI Retirement Benefit Fund - Aggressive Plan +8.29% a year. Over 5 years: Axis ELSS- Tax Saver Fund +5.27% a year, SBI Retirement Benefit Fund - Aggressive Plan +9.65% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis ELSS- Tax Saver Fund or SBI Retirement Benefit Fund - Aggressive Plan?
Axis ELSS- Tax Saver Fund charges less: 1.05% a year against 1.14%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis ELSS- Tax Saver Fund and SBI Retirement Benefit Fund - Aggressive Plan overlap?
37.3%. They hold 19 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, LT. From each fund's latest monthly portfolio.
Which is riskier, Axis ELSS- Tax Saver Fund or SBI Retirement Benefit Fund - Aggressive Plan?
On SEBI's riskometer, Axis ELSS- Tax Saver Fund is rated Very High and SBI Retirement Benefit Fund - Aggressive Plan Very High. Over 3 years, the standard deviation of daily returns was 13.35% and 13.06% a year.
Which is better for SIP, Axis ELSS- Tax Saver Fund or SBI Retirement Benefit Fund - Aggressive Plan?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,33,001 in Axis ELSS- Tax Saver Fund (XIRR 7.2% a year) and ₹7,36,576 in SBI Retirement Benefit Fund - Aggressive Plan (XIRR 7.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis ELSS- Tax Saver Fund and SBI Retirement Benefit Fund - Aggressive Plan?
Yes. 37.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis ELSS- Tax Saver Fund and SBI Retirement Benefit Fund - Aggressive Plan?
Axis ELSS- Tax Saver Fund: Shreyash Devalkar Mr. Ashish Naik. SBI Retirement Benefit Fund - Aggressive Plan: Ardhendu Bhattacharya, Rohit Shimpi.
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.