DSP ELSS Tax Saver Fund vs Quantum Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP ELSS Tax Saver Fund is an ELSS fund and Quantum Flexi Cap Fund is a Flexi Cap fund. DSP ELSS Tax Saver Fund charges 0.91% a year and Quantum Flexi Cap Fund 3.39% (Direct plans). Their portfolios overlap 32.8%: they hold 16 of the same securities.
Which is better, DSP ELSS Tax Saver or Quantum Flexi Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP ELSS Tax Saver costs less: 0.91% a year against 3.39% (Direct plans).
- DSP ELSS Tax Saver fell less in its worst fall since 10-09-2026: −4.8% against −5.7%.
- DSP ELSS Tax Saver holds more in large companies: 76.1% of the fund in large caps against 36.9%.
- DSP ELSS Tax Saver is the larger fund: ₹15,569 Cr against ₹65 Cr.
- Their portfolios overlap 32.8%: 16 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 | DSP ELSS Tax Saver Fund | Quantum Flexi Cap Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Quantum Mutual Fund |
| Category | ELSS | Flexi Cap |
| AUM | ₹15,569 Cr (30-09-2026) | ₹65 Cr (30-09-2026) |
| NAV | ₹147.63 (Direct) | ₹9.47 (Direct) |
| Expense ratio (Direct) | 0.91% | 3.39% |
| Expense ratio (Regular) | 1.80% | 5.20% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 500 TRI | Not available |
| Launch date | 18-01-2007 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | 3 years | Not available |
| Fund managers | Rohit Singhania | Not available |
| Exit load | Nil | Not available |
DSP ELSS Tax Saver vs Quantum Flexi Cap: 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 |
|---|---|---|---|---|---|---|---|
| DSP ELSS Tax Saver Fund (Direct) | +0.35% | −5.64% | −2.65% | −6.86% | +13.04% | +10.90% | +14.11% |
| Quantum Flexi Cap Fund (Direct) | −2.07% | -- | -- | -- | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| Flexi Cap average | −1.62% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 50 ELSS funds and the 46 Flexi Cap funds, same plan type.
DSP ELSS Tax Saver vs Quantum Flexi Cap: Year-wise Returns
| Year | DSP ELSS Tax SaverDSP ELSS Tax Saver | Quantum Flexi CapQuantum Flexi Cap |
|---|---|---|
| 2026to date | −8.80% | -- |
| 2025 | +8.50% | -- |
| 2024 | +25.04% | -- |
| 2023 | +31.19% | -- |
| 2022 | +5.51% | -- |
| 2021 | +36.41% | -- |
DSP ELSS Tax Saver vs Quantum Flexi Cap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of DSP ELSS Tax Saver Fund
DSP ELSS Tax Saver vs Quantum Flexi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP ELSS Tax Saver Fund (Direct) | Quantum Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.89% | −32.82% |
| Standard deviation | 15.63% | 10.22% |
| Sharpe ratio | 0.63 | -3.74 |
| Sortino ratio | 0.85 | -4.15 |
| Maximum drawdown | −37.2% (23-03-2020) | −5.7% (23-10-2026) |
| Beta | 0.96 | 0.68 |
| Alpha | +3.34% | −14.69% |
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.
DSP ELSS Tax Saver Fund (Direct)
Quantum Flexi Cap Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP ELSS Tax Saver Fund (Direct) | −4.8% | 10-09-2026 | 08-10-2026 | Not yet | -- | −3.1% |
| Quantum Flexi Cap Fund (Direct) | −5.7% | 10-09-2026 | 23-10-2026 | Not yet | -- | −5.3% |
| Nifty 500 TRI | −6.6% | 10-09-2026 | 23-10-2026 | Not yet | -- | −4.5% |
From daily values since 10-09-2026, the first day every fund has.
DSP ELSS Tax Saver vs Quantum Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: DSP ELSS Tax Saver Fund, September 2026; Quantum Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 32.8%
- Held by both
- 16
- Only in DSP ELSS Tax Saver
- 42
- Only in Quantum Flexi Cap
- 22
| Security | % of DSP ELSS Tax Saver | % of Quantum Flexi Cap |
|---|---|---|
| ICICI Bank Limited | 9.69% | 3.98% |
| Kotak Mahindra Bank Limited | 3.89% | 3.72% |
| Axis Bank Limited | 7.97% | 3.62% |
| HDFC Bank Limited | 8.97% | 3.18% |
| Bharti Airtel Limited | 3.37% | 2.66% |
| State Bank of India | 5.59% | 2.64% |
| Mahindra & Mahindra Limited | 2.43% | 3.14% |
| Cipla Limited | 1.93% | 2.36% |
| Infosys Limited | 2.28% | 1.70% |
| NTPC Limited | 1.86% | 1.35% |
| PNB Housing Finance Limited | 1.30% | 2.23% |
| Maruti Suzuki India Limited | 1.19% | 2.71% |
| Ultratech Cement Limited | 1.06% | 2.77% |
| Alkem Laboratories Limited | 0.98% | 1.45% |
| Container Corporation Of India Limited | 0.77% | 2.13% |
| SBI Cards and Payment Services Limited | 0.31% | 2.10% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.8% means 32.8% 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 DSP ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Reliance Industries Limited | 2.84% |
| Max Financial Services Limited | 2.06% |
| Bharat Petroleum Corporation Limited | 1.95% |
| Sun Pharmaceutical Industries Limited | 1.68% |
| Samvardhana Motherson International Limited | 1.61% |
Largest holdings only in Quantum Flexi Cap Fund
| Security | % of fund |
|---|---|
| Star Health And Allied Insurance Company Ltd | 2.17% |
| Mahindra & Mahindra Financial Services Ltd | 2.10% |
| GNA Axles Ltd | 2.03% |
| Time Technoplast Ltd | 1.83% |
| Emcure Pharmaceuticals Ltd | 1.81% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP ELSS Tax Saver | Quantum Flexi Cap |
|---|---|---|
| Equity | 98.8% | 74.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.2% | 26.0% |
Market cap of stocks
| Market cap | DSP ELSS Tax Saver | Quantum Flexi Cap |
|---|---|---|
| Large Cap | 76.1% | 36.9% |
| Mid Cap | 15.2% | 8.5% |
| Small Cap | 7.5% | 28.6% |
| Not on AMFI's list | 0.1% | 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 | DSP ELSS Tax Saver | Quantum Flexi Cap |
|---|---|---|
| Banks | 37.1% | 18.9% |
| Pharmaceuticals & Biotechnology | 6.9% | 8.2% |
| Finance | 4.9% | 7.3% |
| Automobiles | 4.2% | 5.8% |
| Petroleum Products | 5.8% | 0.0% |
| Auto Components | 3.3% | 5.6% |
| IT - Software | 5.4% | 3.1% |
| Telecom - Services | 4.9% | 2.7% |
| Insurance | 3.6% | 4.6% |
The six largest sectors of each fund's stocks, % of the fund.
DSP ELSS Tax Saver vs Quantum Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP ELSS Tax Saver Fund | Quantum Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.91% | 3.39% |
| Base expense ratio (Direct) | 0.68% | 0.47% |
| Total expense ratio (Regular) | 1.80% | 5.20% |
| Base expense ratio (Regular) | 1.45% | 2.00% |
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
Compare DSP ELSS Tax Saver with
DSP ELSS Tax Saver Fund vs Quantum Flexi Cap Fund: Frequently Asked Questions
What is the difference between DSP ELSS Tax Saver Fund and Quantum Flexi Cap Fund?
DSP ELSS Tax Saver Fund is an ELSS fund, Quantum Flexi Cap Fund is a Flexi Cap fund, run by DSP Mutual Fund and Quantum Mutual Fund. Their portfolios overlap 32.8%. DSP ELSS Tax Saver Fund charges 0.91% a year and Quantum Flexi Cap Fund 3.39%.
Which has the lower expense ratio, DSP ELSS Tax Saver Fund or Quantum Flexi Cap Fund?
DSP ELSS Tax Saver Fund charges less: 0.91% a year against 3.39%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP ELSS Tax Saver Fund and Quantum Flexi Cap Fund overlap?
32.8%. They hold 16 of the same securities, the largest shared ones being ICICIBANK, KOTAKBANK, AXISBANK. From each fund's latest monthly portfolio.
Can I invest in both DSP ELSS Tax Saver Fund and Quantum Flexi Cap Fund?
Yes. 32.8% 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.