Axis Equity Savings Fund vs SBI BSE 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis Equity Savings Fund is an Equity Savings fund and SBI BSE 100 ETF is a mutual fund. In the 3 years to 30-10-2026, Axis Equity Savings Fund (Direct) returned 9.4% a year and SBI BSE 100 ETF (Regular) returned 8.8% a year. Axis Equity Savings Fund charges 1.56% a year and SBI BSE 100 ETF 0.16%. Their portfolios overlap 44.3%: they hold 49 of the same securities.
Axis Equity Savings Fund
Equity Savings
- 3 year return
- 9.4%
- Expense ratio
- 1.56%
- NAV
- ₹26.35
Which is better, Axis Equity Savings or SBI BSE 100 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI BSE 100 ETF returned more over 5 years: 7.6% a year against 7.5%.
- Axis Equity Savings returned more over 3 years: 9.4% a year against 8.8%.
- SBI BSE 100 ETF costs less: 0.16% a year against 1.56%.
- Axis Equity Savings swung less over 3 years: a standard deviation of 5.2% a year against 13.5%.
- Axis Equity Savings fell less in its worst fall since 20-08-2015: −17.6% against −38.2%.
- SBI BSE 100 ETF holds more in large companies: 90.2% of the fund in large caps against 52.4%.
- Axis Equity Savings is the larger fund: ₹855 Cr against ₹9 Cr.
- Their portfolios overlap 44.3%: 49 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 Equity Savings Fund | SBI BSE 100 ETF |
|---|---|---|
| Fund house | Axis Mutual Fund | SBI Mutual Fund |
| Category | Equity Savings | Not available |
| AUM | ₹855 Cr (30-09-2026) | ₹9 Cr (30-09-2026) |
| NAV | ₹26.35 (Direct) | ₹272.01 (Regular) |
| Expense ratio (Direct) | 1.56% | Not available |
| Expense ratio (Regular) | 2.70% | 0.16% |
| Riskometer | Moderately High | Not available |
| Benchmark | Nifty Equity Savings Index | Not available |
| Launch date | 14-08-2015 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | None | Not available |
| Fund managers | Mayank Hyanki, Devang Shah, Hardik Shah, Krishnaa N | Not available |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months. | Not available |
Axis Equity Savings vs SBI BSE 100 ETF: 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 Equity Savings Fund (Direct) | +0.46% | −0.79% | +3.05% | +2.69% | +9.39% | +7.51% | +9.30% |
| SBI BSE 100 ETF (Regular) | +0.93% | −5.53% | −2.97% | −9.05% | +8.78% | +7.62% | +11.52% |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | +8.43% |
Category average: the average of the 23 Equity Savings funds, same plan type.
Axis Equity Savings vs SBI BSE 100 ETF: Year-wise Returns
| Year | Axis Equity SavingsAxis Equity Savings | SBI BSE 100 ETFSBI BSE 100 ETF |
|---|---|---|
| 2026to date | +1.82% | −9.80% |
| 2025 | +6.68% | +10.33% |
| 2024 | +12.42% | +13.11% |
| 2023 | +16.08% | +23.07% |
| 2022 | +1.14% | +5.85% |
| 2021 | +14.88% | +26.33% |
Axis Equity Savings vs SBI BSE 100 ETF: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of SBI BSE 100 ETF
Rolling returns
Every 3-year holding period, 2,024 of them, one for each trading day from 20-08-2018 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 Equity Savings Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
to
Apr 2019Sept 2017
to
Sept 2020Jan 2019
to
Jan 2022Jun 2020
to
Jun 2023Nov 2021
to
Nov 2024Mar 2023
to
Mar 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 Equity Savings | 0.0 | 2.2 | 39.9 | 57.9 | 0.0 | 0.0 | 0.0 | 10.1% | 10.2% | 2.6% | 15.1% | 12% |
| SBI BSE 100 ETF | 2.3 | 5.9 | 9.2 | 39.6 | 33.9 | 6.6 | 2.6 | 14.0% | 14.3% | −6.3% | 32.6% | 0% |
| BSE 100 TRI | 1.4 | 4.9 | 9.2 | 36.8 | 37.7 | 7.3 | 2.7 | 14.4% | 14.8% | −5.2% | 32.8% | -- |
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 100 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 20-08-2015. Past returns do not promise future returns.
Axis Equity Savings vs SBI BSE 100 ETF: 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 20-08-2015 to 30-10-2026: 135 instalments, ₹13,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Equity SavingsAxis Equity Savings Fund (Direct) | ₹13,50,000 | ₹23,18,809 | ₹9,68,809 | 9.2% |
| SBI BSE 100 ETFSBI BSE 100 ETF (Regular) | ₹13,50,000 | ₹25,95,449 | ₹12,45,449 | 11.1% |
Axis Equity SavingsAxis Equity Savings Fund (Direct)
SBI BSE 100 ETFSBI BSE 100 ETF (Regular)
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 Equity Savings vs SBI BSE 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Equity Savings Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +2.69% | −9.05% |
| Standard deviation | 5.02% | 13.91% |
| Sharpe ratio | -0.51 | -1.03 |
| Sortino ratio | -0.68 | -1.36 |
| Maximum drawdown | −4.7% (30-03-2026) | −15.0% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.16% |
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 Equity Savings Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +9.39% | +8.78% |
| Standard deviation | 5.21% | 13.55% |
| Sharpe ratio | 0.65 | 0.20 |
| Sortino ratio | 0.88 | 0.28 |
| Maximum drawdown | −5.2% (28-02-2025) | −16.7% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.18% |
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 Equity Savings Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +7.51% | +7.62% |
| Standard deviation | 5.58% | 13.90% |
| Sharpe ratio | 0.31 | 0.13 |
| Sortino ratio | 0.41 | 0.18 |
| Maximum drawdown | −8.7% (17-06-2022) | −16.7% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.17% |
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 Equity Savings Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +9.02% | +10.40% |
| Standard deviation | 6.78% | 15.99% |
| Sharpe ratio | 0.51 | 0.30 |
| Sortino ratio | 0.69 | 0.40 |
| Maximum drawdown | −17.6% (23-03-2020) | −38.2% (23-03-2020) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.44% |
From daily NAVs, 20-08-2015 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 Equity Savings Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Equity Savings Fund (Direct) | −17.6% | 19-02-2020 | 23-03-2020 | 08-10-2020 | 7 months | −1.8% |
| SBI BSE 100 ETF (Regular) | −38.2% | 17-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −10.6% |
| BSE 100 TRI | −38.0% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.4% |
From daily values since 20-08-2015, 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 Equity Savings Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 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 Equity Savings Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 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 Equity Savings Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Equity Savings Fund (Direct) | 50% | 32% | 9.84% |
| SBI BSE 100 ETF (Regular) | 100% | 102% | 0.79% |
From month-end values since 20-08-2015. 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 Equity Savings vs SBI BSE 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Equity Savings Fund, September 2026; SBI BSE 100 ETF, September 2026
Holdings in common
- Overlap
- 44.3%
- Held by both
- 49
- Only in Axis Equity Savings
- 61
- Only in SBI BSE 100 ETF
- 51
| Security | % of Axis Equity Savings | % of SBI BSE 100 ETF |
|---|---|---|
| ICICI Bank Limited | 6.88% | 7.24% |
| Reliance Industries Limited | 6.41% | 6.01% |
| HDFC Bank Limited | 5.23% | 8.26% |
| Bharti Airtel Limited | 2.44% | 4.18% |
| Kotak Mahindra Bank Limited | 3.19% | 2.34% |
| Larsen & Toubro Limited | 1.88% | 3.35% |
| Mahindra & Mahindra Limited | 1.84% | 2.01% |
| Sun Pharmaceutical Industries Limited | 1.57% | 1.50% |
| Tata Steel Limited | 2.99% | 1.16% |
| Infosys Limited | 1.01% | 2.68% |
| Bajaj Finance Limited | 0.99% | 1.96% |
| State Bank of India | 0.83% | 3.04% |
| Titan Company Limited | 0.83% | 1.43% |
| Hindustan Aeronautics Limited | 1.98% | 0.66% |
| Eternal Limited | 0.65% | 1.76% |
| Apollo Hospitals Enterprise Limited | 0.77% | 0.63% |
| Divi's Laboratories Limited | 0.62% | 0.90% |
| SBI Life Insurance Company Limited | 1.32% | 0.58% |
| ITC Limited | 0.56% | 1.94% |
| Coforge Limited | 0.67% | 0.46% |
| IndusInd Bank Limited | 0.69% | 0.45% |
| UltraTech Cement Limited | 0.42% | 0.98% |
| The Federal Bank Limited | 0.39% | 0.60% |
| Power Grid Corporation of India Limited | 0.39% | 0.91% |
| Tech Mahindra Limited | 0.38% | 0.75% |
| NTPC Limited | 0.37% | 1.17% |
| Bank of Baroda | 0.86% | 0.33% |
| DLF Limited | 0.77% | 0.33% |
| Adani Enterprises Limited | 0.31% | 0.75% |
| TVS Motor Company Limited | 0.31% | 0.73% |
| United Spirits Limited | 0.57% | 0.30% |
| Punjab National Bank | 0.55% | 0.30% |
| Eicher Motors Limited | 0.30% | 0.75% |
| Yes Bank Limited | 0.38% | 0.28% |
| Cholamandalam Investment and Finance Company Ltd | 0.25% | 0.54% |
| Shriram Finance Limited | 0.24% | 1.04% |
| Grasim Industries Limited | 0.22% | 0.87% |
| Cummins India Limited | 0.21% | 0.49% |
| Tata Consultancy Services Limited | 0.20% | 1.58% |
| Hindalco Industries Limited | 0.19% | 1.03% |
| CG Power and Industrial Solutions Limited | 0.19% | 0.44% |
| Pidilite Industries Limited | 0.19% | 0.34% |
| Hindustan Unilever Limited | 0.17% | 1.28% |
| HDFC Asset Management Company Limited | 0.13% | 0.35% |
| Cipla Limited | 0.10% | 0.58% |
| Bajaj Finserv Limited | 0.10% | 0.74% |
| Maruti Suzuki India Limited | 0.09% | 1.18% |
| Bharat Electronics Limited | 0.03% | 1.07% |
| One 97 Communications Limited | 0.03% | 0.55% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 44.3% means 44.3% 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 Equity Savings Fund
| Security | % of fund |
|---|---|
| 7.18% Government of India (14/08/2033) | 4.69% |
| Axis Money Market Fund - Direct Plan - Growth Option | 3.08% |
| Cholamandalam Investment and Finance Company Ltd (27/02/2029) (FRN) | 2.93% |
| 7.1% Government of India (08/04/2034) | 2.45% |
| Indus Infra Trust | 1.58% |
Largest holdings only in SBI BSE 100 ETF
| Security | % of fund |
|---|---|
| Axis Bank Ltd. | 2.68% |
| Adani Ports and Special Economic Zone Ltd. | 1.07% |
| HCL Technologies Ltd. | 0.99% |
| JSW Steel Ltd. | 0.91% |
| Bajaj Auto Ltd. | 0.88% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Equity Savings | SBI BSE 100 ETF |
|---|---|---|
| Equity | 66.6% | 100.0% |
| Debt | 20.1% | 0.0% |
| Cash and others | 13.3% | 0.0% |
Market cap of stocks
| Market cap | Axis Equity Savings | SBI BSE 100 ETF |
|---|---|---|
| Large Cap | 52.4% | 90.2% |
| Mid Cap | 5.5% | 9.7% |
| Small Cap | 8.0% | 0.0% |
| Not on AMFI's list | 0.7% | 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 Equity Savings | SBI BSE 100 ETF |
|---|---|---|
| Banks | 20.7% | 26.7% |
| IT - Software | 2.3% | 7.5% |
| Petroleum Products | 6.4% | 6.8% |
| Automobiles | 2.5% | 6.5% |
| Finance | 2.0% | 5.8% |
| Pharmaceuticals & Biotechnology | 4.9% | 3.9% |
| Telecom - Services | 2.9% | 4.5% |
| Ferrous Metals | 4.0% | 2.1% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Equity Savings vs SBI BSE 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Equity Savings Fund | SBI BSE 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.56% | Not available |
| Base expense ratio (Direct) | 0.99% | 0.00% |
| Total expense ratio (Regular) | 2.70% | 0.16% |
| Base expense ratio (Regular) | 1.95% | 0.12% |
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 Equity Savings Fund vs SBI BSE 100 ETF: Frequently Asked Questions
What is the difference between Axis Equity Savings Fund and SBI BSE 100 ETF?
Axis Equity Savings Fund is an Equity Savings fund, SBI BSE 100 ETF is a mutual fund, run by Axis Mutual Fund and SBI Mutual Fund. Their portfolios overlap 44.3%. Axis Equity Savings Fund charges 1.56% a year and SBI BSE 100 ETF 0.16%.
Which has given higher returns, Axis Equity Savings Fund or SBI BSE 100 ETF?
Over 1 year: Axis Equity Savings Fund +2.69%, SBI BSE 100 ETF −9.05%. Over 3 years: Axis Equity Savings Fund +9.39% a year, SBI BSE 100 ETF +8.78% a year. Over 5 years: Axis Equity Savings Fund +7.51% a year, SBI BSE 100 ETF +7.62% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Equity Savings Fund or SBI BSE 100 ETF?
SBI BSE 100 ETF charges less: 0.16% a year against 1.56%. These are the total expense ratios reported to AMFI.
How much do Axis Equity Savings Fund and SBI BSE 100 ETF overlap?
44.3%. They hold 49 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, HDFCBANK. From each fund's latest monthly portfolio.
Which is better for SIP, Axis Equity Savings Fund or SBI BSE 100 ETF?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,47,225 in Axis Equity Savings Fund (XIRR 7.9% a year) and ₹7,13,638 in SBI BSE 100 ETF (XIRR 6.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Equity Savings Fund and SBI BSE 100 ETF?
Yes. 44.3% of each fund's money sits in the same holdings, so a large part 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.