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    Edelweiss ELSS Tax saver Fund vs JM ELSS - Tax Saver Fund

    Direct Plan, Growth option · Data as on 30-10-2026

    Edelweiss ELSS Tax saver Fund and JM ELSS - Tax Saver Fund are both ELSS funds. In the 3 years to 30-10-2026, Edelweiss ELSS Tax saver Fund (Direct) returned 13.2% a year and JM ELSS - Tax Saver Fund (Direct) returned 15.6% a year. Edelweiss ELSS Tax saver Fund charges 0.94% a year and JM ELSS - Tax Saver Fund 1.34% (Direct plans). Their portfolios overlap 26.4%: they hold 17 of the same securities.

    Edelweiss ELSS Tax saver Fund

    ELSS

    3 year return
    13.2%
    Expense ratio
    0.94%
    NAV
    ₹131.81
    See Edelweiss ELSS Tax saver Fund

    JM ELSS - Tax Saver Fund

    ELSS

    3 year return
    15.6%
    Expense ratio
    1.34%
    NAV
    ₹57.26
    See JM ELSS - Tax Saver Fund

    Which is better, Edelweiss ELSS Tax saver or JM ELSS - Tax Saver? Key differences

    It depends on what you want from the fund. These are the differences in numbers, from the data on this page.

    • JM ELSS - Tax Saver returned more over 5 years: 12.3% a year against 10.8%.
    • JM ELSS - Tax Saver returned more over 3 years: 15.6% a year against 13.2%.
    • Edelweiss ELSS Tax saver costs less: 0.94% a year against 1.34% (Direct plans).
    • Edelweiss ELSS Tax saver swung less over 3 years: a standard deviation of 14.4% a year against 16.1%.
    • Edelweiss ELSS Tax saver fell less in its worst fall since 24-01-2013: −36.8% against −37.4%.
    • Edelweiss ELSS Tax saver holds more in large companies: 56.6% of the fund in large caps against 35.1%.
    • Edelweiss ELSS Tax saver is the larger fund: ₹428 Cr against ₹240 Cr.
    • Their portfolios overlap 26.4%: 17 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

    FactEdelweiss ELSS Tax saver FundJM ELSS - Tax Saver Fund
    Fund houseEdelweiss Mutual FundJM Financial Mutual Fund
    CategoryELSSELSS
    AUM₹428 Cr (30-09-2026)₹240 Cr (30-09-2026)
    NAV₹131.81 (Direct)₹57.26 (Direct)
    Expense ratio (Direct)0.94%1.34%
    Expense ratio (Regular)2.57%2.68%
    RiskometerVery HighVery High
    BenchmarkNifty 500 TRIBSE 500 TRI
    Launch date30-12-200831-03-2008
    Minimum investment₹500₹500
    Lock in3 years3 years
    Fund managersAshwani Agarwalla, Trideep Bhattacharya, Raj KoradiaDeepak Gupta, Satish Ramanathan, Asit Bhandarkar, Ruchi Fozdar
    Exit loadNILNil

    Edelweiss ELSS Tax saver vs JM ELSS - Tax Saver: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    Edelweiss ELSS Tax saver Fund (Direct)−0.12%−5.10%−1.31%−2.99%+13.22%+10.81%+12.63%
    JM ELSS - Tax Saver Fund (Direct)−3.36%−4.03%+5.11%−1.27%+15.60%+12.32%+15.40%
    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.

    Edelweiss ELSS Tax saver vs JM ELSS - Tax Saver: Year-wise Returns

    YearEdelweiss ELSSEdelweiss ELSS Tax saverJM ELSS -JM ELSS - Tax Saver
    2026to date−4.64%−0.54%
    2025+8.48%+3.83%
    2024+21.98%+30.64%
    2023+28.87%+32.19%
    2022+1.66%+1.47%
    2021+32.57%+33.15%

    Edelweiss ELSS Tax saver vs JM ELSS - Tax Saver: Rolling Returns

    Every holding period of both funds, against Nifty 500 TRI, the benchmark of Edelweiss ELSS Tax saver Fund

    Rolling returns

    Every 3-year holding period, 2,653 of them, one for each trading day from 25-01-2016 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.

    −10%0%10%20%30%40%
    Dec 2013
    to
    Dec 2016    Oct 2015
    to
    Oct 2018    Aug 2017
    to
    Aug 2020    Jun 2019
    to
    Jun 2022    Mar 2021
    to
    Mar 2024    Dec 2022
    to
    Dec 2025
    Edelweiss ELSS Tax saver Fund (Direct)JM ELSS - Tax Saver Fund (Direct)Nifty 500 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    Edelweiss ELSS Tax saver2.44.612.625.738.114.02.514.8%15.8%−6.0%31.5%47%
    JM ELSS - Tax Saver1.44.72.316.837.025.612.317.9%17.9%−3.5%33.2%94%
    Nifty 500 TRI1.94.37.636.935.011.42.914.8%14.9%−6.3%33.5%--

    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 24-01-2013. Past returns do not promise future returns.

    Edelweiss ELSS Tax saver vs JM ELSS - Tax Saver: 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 24-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Edelweiss ELSS Tax saverEdelweiss ELSS Tax saver Fund (Direct) ₹16,60,000 ₹44,78,409 ₹28,18,409 13.3%
    JM ELSS - Tax SaverJM ELSS - Tax Saver Fund (Direct) ₹16,60,000 ₹55,77,578 ₹39,17,578 16.1%
    ₹0₹20.0 L₹40.0 L₹60.0 L
    2014201620182020202220242026
    Edelweiss ELSS Tax saverEdelweiss ELSS Tax saver Fund (Direct)JM ELSS - Tax SaverJM ELSS - Tax Saver Fund (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.

    Edelweiss ELSS Tax saver vs JM ELSS - Tax Saver: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureEdelweiss ELSS Tax saver Fund (Direct)JM ELSS - Tax Saver Fund (Direct)
    Return (CAGR)+13.22%+15.60%
    Standard deviation14.36%16.06%
    Sharpe ratio0.500.60
    Sortino ratio0.680.80
    Maximum drawdown−18.5% (03-03-2025)−20.9% (07-04-2025)
    Beta0.991.08
    Alpha+3.03%+5.41%

    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.

    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.

    −40%−30%−20%−10%0%
    2014201620182020202220242026
    Edelweiss ELSS Tax saver Fund (Direct)JM ELSS - Tax Saver Fund (Direct)Nifty 500 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Edelweiss ELSS Tax saver Fund (Direct)−36.8%19-02-202023-03-202011-11-20208 months−7.5%
    JM ELSS - Tax Saver Fund (Direct)−37.4%19-02-202023-03-202010-11-20208 months−7.2%
    Nifty 500 TRI−38.1%17-01-202023-03-202006-11-20207 months−8.8%

    From daily values since 24-01-2013, 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 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.

    0%5%10%15%20%25%
    20172019202120232025
    Edelweiss ELSS Tax saver Fund (Direct)JM ELSS - Tax Saver Fund (Direct)Nifty 500 TRI

    Against Nifty 500 TRI

    FundUp captureDown captureTracking error
    Edelweiss ELSS Tax saver Fund (Direct)99%93%4.27%
    JM ELSS - Tax Saver Fund (Direct)109%94%5.62%

    From month-end values since 24-01-2013. 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.

    Edelweiss ELSS Tax saver vs JM ELSS - Tax Saver: Portfolio Overlap

    From each fund's latest monthly portfolio: Edelweiss ELSS Tax saver Fund, September 2026; JM ELSS - Tax Saver Fund, September 2026

    Holdings in common

    Overlap
    26.4%
    Held by both
    17
    Only in Edelweiss ELSS Tax saver
    76
    Only in JM ELSS - Tax Saver
    36
    Security% of Edelweiss ELSS Tax saver% of JM ELSS - Tax Saver
    HDFC Bank Ltd.4.14%2.90%
    ICICI Bank Ltd.4.84%2.67%
    Reliance Industries Ltd.3.81%2.64%
    Bharti Airtel Ltd.3.45%2.41%
    State Bank of India2.50%2.01%
    Larsen & Toubro Ltd.2.94%1.75%
    Shriram Finance Ltd.1.72%1.70%
    BSE Ltd.1.94%1.61%
    Karur Vysya Bank Ltd.1.48%2.69%
    Mahindra & Mahindra Ltd.1.44%1.63%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.4% means 26.4% 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 Edelweiss ELSS Tax saver Fund

    Security% of fund
    Multi Commodity Exchange Of India Ltd.2.41%
    Bharat Electronics Ltd.2.00%
    City Union Bank Ltd.1.76%
    Sun Pharmaceutical Industries Ltd.1.67%
    Torrent Pharmaceuticals Ltd.1.65%

    Largest holdings only in JM ELSS - Tax Saver Fund

    Security% of fund
    SYRMA SGS TECHNOLOGY LIMITED3.41%
    One 97 Communications Limited3.31%
    CarTrade Tech Limited2.30%
    EPL Limited2.19%
    United Spirits Limited2.09%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetEdelweiss ELSS Tax saverJM ELSS - Tax Saver
    Equity95.3%98.9%
    Debt0.0%0.0%
    Cash and others4.7%1.1%

    Market cap of stocks

    Market capEdelweiss ELSS Tax saverJM ELSS - Tax Saver
    Large Cap56.6%35.1%
    Mid Cap17.7%18.2%
    Small Cap20.8%45.5%
    Not on AMFI's list0.2%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

    SectorEdelweiss ELSS Tax saverJM ELSS - Tax Saver
    Banks19.0%12.4%
    Finance6.9%10.1%
    IT - Software7.3%3.3%
    Pharmaceuticals & Biotechnology7.0%3.1%
    Retailing2.6%6.4%
    Capital Markets5.7%1.6%
    Auto Components5.1%3.5%
    Industrial Manufacturing0.6%5.0%
    Commercial Services & Supplies0.0%4.9%
    Automobiles3.7%4.7%

    The six largest sectors of each fund's stocks, % of the fund.

    Edelweiss ELSS Tax saver vs JM ELSS - Tax Saver: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeEdelweiss ELSS Tax saver FundJM ELSS - Tax Saver Fund
    Total expense ratio (Direct)0.94%1.34%
    Base expense ratio (Direct)0.67%0.93%
    Total expense ratio (Regular)2.57%2.68%
    Base expense ratio (Regular)2.08%2.10%

    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

    Edelweiss ELSS Tax saver Fund vs JM ELSS - Tax Saver Fund: Frequently Asked Questions

    What is the difference between Edelweiss ELSS Tax saver Fund and JM ELSS - Tax Saver Fund?

    Both are ELSS funds, run by Edelweiss Mutual Fund and JM Financial Mutual Fund. Their portfolios overlap 26.4%. Edelweiss ELSS Tax saver Fund charges 0.94% a year and JM ELSS - Tax Saver Fund 1.34%.

    Which has given higher returns, Edelweiss ELSS Tax saver Fund or JM ELSS - Tax Saver Fund?

    Over 1 year: Edelweiss ELSS Tax saver Fund −2.99%, JM ELSS - Tax Saver Fund −1.27%. Over 3 years: Edelweiss ELSS Tax saver Fund +13.22% a year, JM ELSS - Tax Saver Fund +15.60% a year. Over 5 years: Edelweiss ELSS Tax saver Fund +10.81% a year, JM ELSS - Tax Saver Fund +12.32% a year. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, Edelweiss ELSS Tax saver Fund or JM ELSS - Tax Saver Fund?

    Edelweiss ELSS Tax saver Fund charges less: 0.94% a year against 1.34%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do Edelweiss ELSS Tax saver Fund and JM ELSS - Tax Saver Fund overlap?

    26.4%. They hold 17 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.

    Which is riskier, Edelweiss ELSS Tax saver Fund or JM ELSS - Tax Saver Fund?

    On SEBI's riskometer, Edelweiss ELSS Tax saver Fund is rated Very High and JM ELSS - Tax Saver Fund Very High. Over 3 years, the standard deviation of daily returns was 14.36% and 16.06% a year.

    Which is better for SIP, Edelweiss ELSS Tax saver Fund or JM ELSS - Tax Saver Fund?

    Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,91,694 in Edelweiss ELSS Tax saver Fund (XIRR 10.2% a year) and ₹8,40,555 in JM ELSS - Tax Saver Fund (XIRR 12.6% a year). Both received 61 instalments. Past returns do not promise future returns.

    Can I invest in both Edelweiss ELSS Tax saver Fund and JM ELSS - Tax Saver Fund?

    Yes. 26.4% of each fund's money sits in the same holdings, so some of the two investments would move together.

    Who manages Edelweiss ELSS Tax saver Fund and JM ELSS - Tax Saver Fund?

    Edelweiss ELSS Tax saver Fund: Ashwani Agarwalla, Trideep Bhattacharya, Raj Koradia. JM ELSS - Tax Saver Fund: Deepak Gupta, Satish Ramanathan, Asit Bhandarkar, Ruchi Fozdar.

    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.

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