Edelweiss ELSS Tax saver Fund vs Tata Retirement Savings Fund Progressive
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss ELSS Tax saver Fund is an ELSS fund and Tata Retirement Savings Fund Progressive is a Solution fund. In the 3 years to 30-10-2026, Edelweiss ELSS Tax saver Fund (Direct) returned 13.2% a year and Tata Retirement Savings Fund Progressive (Direct) returned 11.5% a year. Edelweiss ELSS Tax saver Fund charges 0.94% a year and Tata Retirement Savings Fund Progressive 0.83% (Direct plans). Their portfolios overlap 29.8%: they hold 23 of the same securities.
Edelweiss ELSS Tax saver Fund
ELSS
- 3 year return
- 13.2%
- Expense ratio
- 0.94%
- NAV
- ₹131.81
Tata Retirement Savings Fund Progressive
Solution
- 3 year return
- 11.5%
- Expense ratio
- 0.83%
- NAV
- ₹78.90
Which is better, Edelweiss ELSS Tax saver or Tata Retirement Savings Fund Progressive? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Edelweiss ELSS Tax saver returned more over 5 years: 10.8% a year against 9.3%.
- Edelweiss ELSS Tax saver returned more over 3 years: 13.2% a year against 11.5%.
- Tata Retirement Savings Fund Progressive costs less: 0.83% a year against 0.94% (Direct plans).
- Edelweiss ELSS Tax saver swung less over 3 years: a standard deviation of 14.4% a year against 14.5%.
- Tata Retirement Savings Fund Progressive fell less in its worst fall since 24-01-2013: −34.2% against −36.8%.
- Tata Retirement Savings Fund Progressive is the larger fund: ₹2,104 Cr against ₹428 Cr.
- Their portfolios overlap 29.8%: 23 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 | Edelweiss ELSS Tax saver Fund | Tata Retirement Savings Fund Progressive |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | Tata Mutual Fund |
| Category | ELSS | Solution |
| AUM | ₹428 Cr (30-09-2026) | ₹2,104 Cr (30-09-2026) |
| NAV | ₹131.81 (Direct) | ₹78.90 (Direct) |
| Expense ratio (Direct) | 0.94% | 0.83% |
| Expense ratio (Regular) | 2.57% | 2.20% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 30-12-2008 | 01-11-2011 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | 3 years | 5 years, or until retirement if earlier |
| Fund managers | Ashwani Agarwalla, Trideep Bhattacharya, Raj Koradia | Murthy Nagarajan, Sonam Udasi |
| Exit load | NIL | A) If redeemed / switched-out on or after attainment of retirement age i.e. 60 years of age - Nil. B) In case of Auto switch-out of units on occurrence of “Auto-switch trigger event” - Nil. C) 1% -If redeemed before 61 months from the date of allotment. |
Edelweiss ELSS Tax saver vs Tata Retirement Savings Fund Progressive: 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 |
|---|---|---|---|---|---|---|---|
| Edelweiss ELSS Tax saver Fund (Direct) | −0.12% | −5.10% | −1.31% | −2.99% | +13.22% | +10.81% | +12.63% |
| Tata Retirement Savings Fund Progressive (Direct) | −2.60% | −6.88% | −1.00% | −1.95% | +11.53% | +9.32% | +13.02% |
| 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 Tata Retirement Savings Fund Progressive: Year-wise Returns
| Year | Edelweiss ELSS Tax saverEdelweiss ELSS Tax saver | Tata Retirement Savings Fund ProgressiveTata Retirement Savings Fund Progressive | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −4.64% | −1.40% | −7.51% |
| 2025 | +8.48% | +0.24% | +7.76% |
| 2024 | +21.98% | +23.49% | +16.24% |
| 2023 | +28.87% | +30.88% | +26.91% |
| 2022 | +1.66% | −2.43% | +4.25% |
| 2021 | +32.57% | +25.20% | +31.60% |
Edelweiss ELSS Tax saver vs Tata Retirement Savings Fund Progressive: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
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.
Edelweiss ELSS Tax saver Fund (Direct)
Tata Retirement Savings Fund Progressive (Direct)
Nifty 500 TRI
to
Dec 2016Oct 2015
to
Oct 2018Aug 2017
to
Aug 2020Jun 2019
to
Jun 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Edelweiss ELSS Tax saver | 2.4 | 4.6 | 12.6 | 25.7 | 38.1 | 14.0 | 2.5 | 14.8% | 15.8% | −6.0% | 31.5% | 47% |
| Tata Retirement Savings Fund Progressive | 0.1 | 3.1 | 6.4 | 24.8 | 47.6 | 14.1 | 3.9 | 16.1% | 16.7% | −1.7% | 28.8% | 64% |
| Nifty 500 TRI | 1.9 | 4.3 | 7.6 | 36.9 | 35.0 | 11.4 | 2.9 | 14.8% | 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 Tata Retirement Savings Fund Progressive: 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 24-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss ELSS Tax saverEdelweiss ELSS Tax saver Fund (Direct) | ₹16,60,000 | ₹44,78,409 | ₹28,18,409 | 13.3% |
| Tata Retirement Savings Fund ProgressiveTata Retirement Savings Fund Progressive (Direct) | ₹16,60,000 | ₹45,73,245 | ₹29,13,245 | 13.6% |
Edelweiss ELSS Tax saverEdelweiss ELSS Tax saver Fund (Direct)
Tata Retirement Savings Fund ProgressiveTata Retirement Savings Fund Progressive (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 Tata Retirement Savings Fund Progressive: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss ELSS Tax saver Fund (Direct) | Tata Retirement Savings Fund Progressive (Direct) |
|---|---|---|
| Return (CAGR) | −2.99% | −1.95% |
| Standard deviation | 14.49% | 14.59% |
| Sharpe ratio | -0.57 | -0.49 |
| Sortino ratio | -0.77 | -0.66 |
| Maximum drawdown | −13.4% (30-03-2026) | −14.1% (31-03-2026) |
| Beta | 0.99 | 0.96 |
| Alpha | +4.27% | +4.89% |
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 | Edelweiss ELSS Tax saver Fund (Direct) | Tata Retirement Savings Fund Progressive (Direct) |
|---|---|---|
| Return (CAGR) | +13.22% | +11.53% |
| Standard deviation | 14.36% | 14.52% |
| Sharpe ratio | 0.50 | 0.38 |
| Sortino ratio | 0.68 | 0.51 |
| Maximum drawdown | −18.5% (03-03-2025) | −18.8% (03-03-2025) |
| Beta | 0.99 | 0.96 |
| Alpha | +3.03% | +1.47% |
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 | Edelweiss ELSS Tax saver Fund (Direct) | Tata Retirement Savings Fund Progressive (Direct) |
|---|---|---|
| Return (CAGR) | +10.81% | +9.32% |
| Standard deviation | 14.29% | 14.06% |
| Sharpe ratio | 0.35 | 0.25 |
| Sortino ratio | 0.48 | 0.33 |
| Maximum drawdown | −18.5% (03-03-2025) | −18.8% (03-03-2025) |
| Beta | 0.98 | 0.93 |
| Alpha | +2.06% | +0.71% |
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 | Edelweiss ELSS Tax saver Fund (Direct) | Tata Retirement Savings Fund Progressive (Direct) |
|---|---|---|
| Return (CAGR) | +14.04% | +14.40% |
| Standard deviation | 15.43% | 15.13% |
| Sharpe ratio | 0.52 | 0.55 |
| Sortino ratio | 0.70 | 0.75 |
| Maximum drawdown | −36.8% (23-03-2020) | −34.2% (23-03-2020) |
| Beta | 0.94 | 0.92 |
| Alpha | +1.50% | +2.18% |
From daily NAVs, 24-01-2013 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.
Edelweiss ELSS Tax saver Fund (Direct)
Tata Retirement Savings Fund Progressive (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss ELSS Tax saver Fund (Direct) | −36.8% | 19-02-2020 | 23-03-2020 | 11-11-2020 | 8 months | −7.5% |
| Tata Retirement Savings Fund Progressive (Direct) | −34.2% | 12-02-2020 | 23-03-2020 | 08-10-2020 | 7 months | −9.2% |
| Nifty 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 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 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Edelweiss ELSS Tax saver Fund (Direct)
Tata Retirement Savings Fund Progressive (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.
Edelweiss ELSS Tax saver Fund (Direct)
Tata Retirement Savings Fund Progressive (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.
Edelweiss ELSS Tax saver Fund (Direct)
Tata Retirement Savings Fund Progressive (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Edelweiss ELSS Tax saver Fund (Direct) | 99% | 93% | 4.27% |
| Tata Retirement Savings Fund Progressive (Direct) | 98% | 86% | 5.40% |
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 Tata Retirement Savings Fund Progressive: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss ELSS Tax saver Fund, September 2026; Tata Retirement Savings Fund Progressive, September 2026
Holdings in common
- Overlap
- 29.8%
- Held by both
- 23
- Only in Edelweiss ELSS Tax saver
- 70
- Only in Tata Retirement Savings Fund Progressive
- 29
| Security | % of Edelweiss ELSS Tax saver | % of Tata Retirement Savings Fund Progressive |
|---|---|---|
| ICICI Bank Ltd. | 4.84% | 4.97% |
| Reliance Industries Ltd. | 3.81% | 3.66% |
| Multi Commodity Exchange Of India Ltd. | 2.41% | 3.81% |
| BSE Ltd. | 1.94% | 1.85% |
| Sun Pharmaceutical Industries Ltd. | 1.67% | 2.02% |
| Karur Vysya Bank Ltd. | 1.48% | 2.14% |
| Ather Energy Ltd. | 1.46% | 1.51% |
| Kotak Mahindra Bank Ltd. | 1.25% | 2.28% |
| Shriram Finance Ltd. | 1.72% | 1.01% |
| Titan Company Ltd. | 1.01% | 1.96% |
| HCL Technologies Ltd. | 0.99% | 1.68% |
| Bikaji Foods International Ltd. | 0.90% | 1.34% |
| Tata Consultancy Services Ltd. | 1.24% | 0.88% |
| Creditaccess Grameen Ltd. | 1.25% | 0.87% |
| Dixon Technologies (India) Ltd. | 0.86% | 2.02% |
| Solar Industries India Ltd. | 0.72% | 5.39% |
| PB Fintech Ltd. | 0.66% | 1.55% |
| Radico Khaitan Ltd. | 0.62% | 3.17% |
| Exide Industries Ltd. | 0.60% | 2.12% |
| Eternal Ltd. | 0.59% | 4.11% |
| Billionbrains Garage Ventures Ltd. | 0.57% | 1.82% |
| Zensar Technologies Ltd. | 0.48% | 0.60% |
| Tata Consumer Products Ltd. | 0.38% | 1.73% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.8% means 29.8% 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 Edelweiss ELSS Tax saver Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 4.14% |
| Bharti Airtel Ltd. | 3.45% |
| Larsen & Toubro Ltd. | 2.94% |
| State Bank of India | 2.50% |
| Bharat Electronics Ltd. | 2.00% |
Largest holdings only in Tata Retirement Savings Fund Progressive
| Security | % of fund |
|---|---|
| ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD | 2.46% |
| 360 ONE WAM LTD | 2.25% |
| RAINBOW CHILDRENS MEDICARE LTD | 2.14% |
| COAL INDIA LTD | 2.05% |
| ONE 97 COMMUNICATIONS LTD | 2.01% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss ELSS Tax saver | Tata Retirement Savings Fund Progressive |
|---|---|---|
| Equity | 95.3% | 93.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.7% | 6.5% |
Market cap of stocks
| Market cap | Edelweiss ELSS Tax saver | Tata Retirement Savings Fund Progressive |
|---|---|---|
| Large Cap | 56.6% | 50.7% |
| Mid Cap | 17.7% | 21.2% |
| Small Cap | 20.8% | 19.9% |
| Not on AMFI's list | 0.2% | 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 | Edelweiss ELSS Tax saver | Tata Retirement Savings Fund Progressive |
|---|---|---|
| Banks | 19.0% | 10.5% |
| Capital Markets | 5.7% | 11.6% |
| IT - Software | 7.3% | 3.2% |
| Pharmaceuticals & Biotechnology | 7.0% | 3.6% |
| Finance | 6.9% | 3.9% |
| Chemicals & Petrochemicals | 0.7% | 5.4% |
| Auto Components | 5.1% | 2.1% |
| Industrial Products | 1.2% | 4.9% |
| Beverages | 0.6% | 4.2% |
| Retailing | 2.6% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss ELSS Tax saver vs Tata Retirement Savings Fund Progressive: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss ELSS Tax saver Fund | Tata Retirement Savings Fund Progressive |
|---|---|---|
| Total expense ratio (Direct) | 0.94% | 0.83% |
| Base expense ratio (Direct) | 0.67% | 0.57% |
| Total expense ratio (Regular) | 2.57% | 2.20% |
| Base expense ratio (Regular) | 2.08% | 1.75% |
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 Edelweiss ELSS Tax saver with
Edelweiss ELSS Tax saver Fund vs Tata Retirement Savings Fund Progressive: Frequently Asked Questions
What is the difference between Edelweiss ELSS Tax saver Fund and Tata Retirement Savings Fund Progressive?
Edelweiss ELSS Tax saver Fund is an ELSS fund, Tata Retirement Savings Fund Progressive is a Solution fund, run by Edelweiss Mutual Fund and Tata Mutual Fund. Their portfolios overlap 29.8%. Edelweiss ELSS Tax saver Fund charges 0.94% a year and Tata Retirement Savings Fund Progressive 0.83%.
Which has given higher returns, Edelweiss ELSS Tax saver Fund or Tata Retirement Savings Fund Progressive?
Over 1 year: Edelweiss ELSS Tax saver Fund −2.99%, Tata Retirement Savings Fund Progressive −1.95%. Over 3 years: Edelweiss ELSS Tax saver Fund +13.22% a year, Tata Retirement Savings Fund Progressive +11.53% a year. Over 5 years: Edelweiss ELSS Tax saver Fund +10.81% a year, Tata Retirement Savings Fund Progressive +9.32% 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 Tata Retirement Savings Fund Progressive?
Tata Retirement Savings Fund Progressive charges less: 0.83% a year against 0.94%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss ELSS Tax saver Fund and Tata Retirement Savings Fund Progressive overlap?
29.8%. They hold 23 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, MCX. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss ELSS Tax saver Fund or Tata Retirement Savings Fund Progressive?
On SEBI's riskometer, Edelweiss ELSS Tax saver Fund is rated Very High and Tata Retirement Savings Fund Progressive Very High. Over 3 years, the standard deviation of daily returns was 14.36% and 14.52% a year.
Which is better for SIP, Edelweiss ELSS Tax saver Fund or Tata Retirement Savings Fund Progressive?
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 ₹7,75,237 in Tata Retirement Savings Fund Progressive (XIRR 9.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Edelweiss ELSS Tax saver Fund and Tata Retirement Savings Fund Progressive?
Yes. 29.8% 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 Tata Retirement Savings Fund Progressive?
Edelweiss ELSS Tax saver Fund: Ashwani Agarwalla, Trideep Bhattacharya, Raj Koradia. Tata Retirement Savings Fund Progressive: Murthy Nagarajan, Sonam Udasi.
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.