Axis ELSS- Tax Saver Fund vs UTI Balanced Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis ELSS- Tax Saver Fund is an ELSS fund and UTI Balanced Hybrid Fund is a Hybrid fund. Axis ELSS- Tax Saver Fund charges 1.05% a year and UTI Balanced Hybrid Fund 1.93% (Direct plans). Their portfolios overlap 19.8%: they hold 14 of the same securities.
Which is better, Axis ELSS- Tax Saver or UTI 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 1.93% (Direct plans).
- UTI Balanced Hybrid fell less in its worst fall since 07-09-2026: −3.1% against −7.0%.
- Axis ELSS- Tax Saver holds more in large companies: 68.0% of the fund in large caps against 20.4%.
- Axis ELSS- Tax Saver is the larger fund: ₹30,269 Cr against ₹160 Cr.
- Their portfolios overlap 19.8%: 14 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 | UTI Balanced Hybrid Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | UTI Mutual Fund |
| Category | ELSS | Hybrid |
| AUM | ₹30,269 Cr (30-09-2026) | ₹160 Cr (30-09-2026) |
| NAV | ₹106.82 (Direct) | ₹9.82 (Direct) |
| Expense ratio (Direct) | 1.05% | 1.93% |
| Expense ratio (Regular) | 1.76% | 3.23% |
| Riskometer | Very High | High |
| Benchmark | Nifty 500 TRI | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 29-12-2009 | 02-09-2026 |
| Minimum investment | ₹500 | ₹1,000 |
| Lock in | 3 years | None |
| Fund managers | Shreyash Devalkar Mr. Ashish Naik | Ajay Tyagi FM 1, Kamal Gada FM 2, Anurag Mittal FM 3 |
| Exit load | Nil | Redemption / switch-out of 10% of Units allotted on or before completion of 12 months from the date of allotment- Nil exit loadRedemption/ switch out in excess of the 10% of Units allotted on or before completion of 12 months from the date of allotment – 1.00% exit loadIf redeemed / switched out after 12 months from the date of allotment – Nil exit load |
Axis ELSS- Tax Saver vs UTI 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% |
| UTI Balanced Hybrid Fund (Direct) | −1.01% | -- | -- | -- | -- | -- | -- |
| 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 UTI Balanced Hybrid: Year-wise Returns
| Year | Axis ELSS- Tax SaverAxis ELSS- Tax Saver | UTI Balanced HybridUTI 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 UTI 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 UTI 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) | UTI Balanced Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.25% | −12.23% |
| Standard deviation | 15.06% | 5.56% |
| Sharpe ratio | 0.61 | -3.17 |
| Sortino ratio | 0.84 | -3.62 |
| Maximum drawdown | −33.5% (23-03-2020) | −3.1% (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)
UTI 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) | −7.0% | 07-09-2026 | 23-10-2026 | Not yet | -- | −4.0% |
| UTI Balanced Hybrid Fund (Direct) | −3.1% | 18-09-2026 | 23-10-2026 | Not yet | -- | −2.2% |
| Nifty 500 TRI | −7.4% | 07-09-2026 | 23-10-2026 | Not yet | -- | −5.4% |
From daily values since 07-09-2026, the first day every fund has.
Axis ELSS- Tax Saver vs UTI Balanced Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: Axis ELSS- Tax Saver Fund, September 2026; UTI Balanced Hybrid Fund, September 2026
Holdings in common
- Overlap
- 19.8%
- Held by both
- 14
- Only in Axis ELSS- Tax Saver
- 57
- Only in UTI Balanced Hybrid
- 13
| Security | % of Axis ELSS- Tax Saver | % of UTI Balanced Hybrid |
|---|---|---|
| HDFC Bank Limited | 6.09% | 2.77% |
| ICICI Bank Limited | 6.89% | 2.69% |
| Kotak Mahindra Bank Limited | 2.47% | 2.94% |
| Eternal Limited | 3.35% | 2.39% |
| Sun Pharmaceutical Industries Limited | 1.61% | 1.60% |
| Pidilite Industries Limited | 2.42% | 1.49% |
| InterGlobe Aviation Limited | 1.46% | 2.47% |
| Hyundai Motor India Ltd | 1.14% | 1.83% |
| JSW Infrastructure Ltd | 0.80% | 1.52% |
| Anthem Biosciences Limited | 0.83% | 0.69% |
| Persistent Systems Limited | 0.65% | 1.24% |
| Coromandel International Limited | 0.59% | 1.32% |
| One 97 Communications Limited | 1.11% | 0.53% |
| Navin Fluorine International Limited | 1.13% | 0.52% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 19.8% means 19.8% 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% |
| Bajaj Finance Limited | 3.35% |
| Divi's Laboratories Limited | 2.74% |
| Axis Bank Limited | 2.73% |
| Larsen & Toubro Limited | 2.70% |
Largest holdings only in UTI Balanced Hybrid Fund
| Security | % of fund |
|---|---|
| 06.94% GSEC Mat- 11/05/2036 | 15.35% |
| EQ - SCHAEFFLER INDIA LTD | 2.51% |
| EQ - SRF LTD. | 1.52% |
| EQ - LG ELECTRONICS INDIA LTD | 1.52% |
| EQ - HDFC ASSET MANAGEMENT COMPANY | 1.48% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis ELSS- Tax Saver | UTI Balanced Hybrid |
|---|---|---|
| Equity | 97.9% | 38.9% |
| Debt | 0.0% | 15.3% |
| Cash and others | 2.1% | 45.8% |
Market cap of stocks
| Market cap | Axis ELSS- Tax Saver | UTI Balanced Hybrid |
|---|---|---|
| Large Cap | 68.0% | 20.4% |
| Mid Cap | 21.1% | 14.4% |
| Small Cap | 7.4% | 4.2% |
| 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 | UTI Balanced Hybrid |
|---|---|---|
| Banks | 22.2% | 8.4% |
| Pharmaceuticals & Biotechnology | 7.7% | 2.3% |
| Finance | 6.3% | 2.1% |
| Automobiles | 5.7% | 1.8% |
| Retailing | 5.1% | 3.1% |
| IT - Software | 4.9% | 1.2% |
| Chemicals & Petrochemicals | 4.8% | 3.5% |
| Auto Components | 3.5% | 2.5% |
| Transport Services | 2.3% | 2.5% |
The six largest sectors of each fund's stocks, % of the fund.
Axis ELSS- Tax Saver vs UTI Balanced Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis ELSS- Tax Saver Fund | UTI Balanced Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.05% | 1.93% |
| Base expense ratio (Direct) | 0.74% | 0.75% |
| Total expense ratio (Regular) | 1.76% | 3.23% |
| Base expense ratio (Regular) | 1.35% | 1.85% |
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 UTI Balanced Hybrid Fund: Frequently Asked Questions
What is the difference between Axis ELSS- Tax Saver Fund and UTI Balanced Hybrid Fund?
Axis ELSS- Tax Saver Fund is an ELSS fund, UTI Balanced Hybrid Fund is a Hybrid fund, run by Axis Mutual Fund and UTI Mutual Fund. Their portfolios overlap 19.8%. Axis ELSS- Tax Saver Fund charges 1.05% a year and UTI Balanced Hybrid Fund 1.93%.
Which has the lower expense ratio, Axis ELSS- Tax Saver Fund or UTI Balanced Hybrid Fund?
Axis ELSS- Tax Saver Fund charges less: 1.05% a year against 1.93%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis ELSS- Tax Saver Fund and UTI Balanced Hybrid Fund overlap?
19.8%. They hold 14 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, Axis ELSS- Tax Saver Fund or UTI Balanced Hybrid Fund?
On SEBI's riskometer, Axis ELSS- Tax Saver Fund is rated Very High and UTI Balanced Hybrid Fund High. Over their common history, the standard deviation of daily returns was 15.06% and 5.56% a year.
Can I invest in both Axis ELSS- Tax Saver Fund and UTI Balanced Hybrid Fund?
Yes. 19.8% 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 UTI Balanced Hybrid Fund?
Axis ELSS- Tax Saver Fund: Shreyash Devalkar Mr. Ashish Naik. UTI Balanced Hybrid Fund: Ajay Tyagi FM 1, Kamal Gada FM 2, Anurag Mittal FM 3.
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.