JioBlackRock Nifty 50 Index Fund vs Navi ELSS Tax Saver Fund
Direct Plan, Growth option · Data as on 30-10-2026
JioBlackRock Nifty 50 Index Fund is an Index fund and Navi ELSS Tax Saver Fund is a mutual fund. In the year to 30-10-2026, JioBlackRock Nifty 50 Index Fund (Direct) returned −10.1% and Navi ELSS Tax Saver Fund (Direct) returned 7.6%. JioBlackRock Nifty 50 Index Fund charges 0.22% a year and Navi ELSS Tax Saver Fund 0.53% (Direct plans). Their portfolios overlap 36.8%: they hold 17 of the same securities.
Navi ELSS Tax Saver Fund is closed. It has not published a NAV since 10-04-2026. Its figures stop there.
JioBlackRock Nifty 50 Index Fund
Index
- 1 year return
- −10.1%
- Expense ratio
- 0.22%
- NAV
- ₹9.36
Which is better, JioBlackRock Nifty 50 Index or Navi 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.
- Navi ELSS Tax Saver returned more over 1 year: 7.6% against −10.1%.
- JioBlackRock Nifty 50 Index costs less: 0.22% a year against 0.53% (Direct plans).
- Navi ELSS Tax Saver fell less in its worst fall since 22-08-2025: −14.9% against −15.1%.
- JioBlackRock Nifty 50 Index holds more in large companies: 98.9% of the fund in large caps against 51.9%.
- JioBlackRock Nifty 50 Index is the larger fund: ₹264 Cr against ₹44 Cr.
- Their portfolios overlap 36.8%: 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
| Fact | JioBlackRock Nifty 50 Index Fund | Navi ELSS Tax Saver Fund |
|---|---|---|
| Fund house | Jio BlackRock Mutual Fund | Navi Mutual Fund |
| Category | Index | Not available |
| AUM | ₹264 Cr (30-09-2026) | ₹44 Cr (31-03-2026) |
| NAV | ₹9.36 (Direct) | ₹32.40 (Direct) |
| Expense ratio (Direct) | 0.22% | 0.53% |
| Expense ratio (Regular) | 0.66% | 2.47% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 500 TRI | Not available |
| Launch date | 18-08-2025 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | None | Not available |
| Fund managers | Tanvi Kacheria, Anand Shah, Haresh Mehta | Not available |
| Exit load | Nil | Not available |
JioBlackRock Nifty 50 Index vs Navi 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.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| JioBlackRock Nifty 50 Index Fund (Direct) | +1.94% | −5.03% | −3.17% | −10.07% | -- | -- | -- |
| Navi ELSS Tax Saver Fund (Direct) | −1.08% | −6.34% | −3.28% | +7.63% | +12.99% | +11.62% | +12.70% |
JioBlackRock Nifty 50 Index vs Navi ELSS Tax Saver: Year-wise Returns
| Year | JioBlackRock Nifty 50 IndexJioBlackRock Nifty 50 Index | Navi ELSS Tax SaverNavi ELSS Tax Saver |
|---|---|---|
| 2026to date | −10.93% | −7.43% |
| 2025 | -- | +6.24% |
| 2024 | -- | +13.90% |
| 2023 | -- | +26.43% |
| 2022 | -- | −0.08% |
| 2021 | -- | +31.78% |
JioBlackRock Nifty 50 Index vs Navi ELSS Tax Saver: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of JioBlackRock Nifty 50 Index Fund
JioBlackRock Nifty 50 Index vs Navi 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
₹10,000 on the first trading day of every month, from 22-08-2025 to 30-10-2026: 15 instalments, ₹1,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| JioBlackRock Nifty 50 IndexJioBlackRock Nifty 50 Index Fund (Direct) | ₹1,50,000 | ₹1,42,274 | −₹7,726 | −7.8% |
| Navi ELSS Tax SaverNavi ELSS Tax Saver Fund (Direct) | ₹90,000 | ₹87,275 | −₹2,725 | -- |
JioBlackRock Nifty 50 IndexJioBlackRock Nifty 50 Index Fund (Direct)
Navi ELSS Tax SaverNavi 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.
JioBlackRock Nifty 50 Index vs Navi ELSS Tax Saver: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | JioBlackRock Nifty 50 Index Fund (Direct) | Navi ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.07% | +7.63% |
| Standard deviation | 13.62% | 14.04% |
| Sharpe ratio | -1.12 | 0.15 |
| Sortino ratio | -1.50 | 0.22 |
| Maximum drawdown | −15.1% (30-03-2026) | −14.9% (31-03-2026) |
| Beta | 0.91 | -- |
| Alpha | −3.83% | -- |
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 | JioBlackRock Nifty 50 Index Fund (Direct) | Navi ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.42% | +12.06% |
| Standard deviation | 12.90% | 15.29% |
| Sharpe ratio | -0.83 | 0.43 |
| Sortino ratio | -1.12 | 0.57 |
| Maximum drawdown | −15.1% (30-03-2026) | −37.8% (23-03-2020) |
| Beta | 0.91 | -- |
| Alpha | −2.94% | -- |
From daily NAVs, 22-08-2025 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.
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.
JioBlackRock Nifty 50 Index Fund (Direct)
Navi ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| JioBlackRock Nifty 50 Index Fund (Direct) | −15.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −11.6% |
| Navi ELSS Tax Saver Fund (Direct) | −14.9% | 05-01-2026 | 31-03-2026 | Not yet | -- | −8.6% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 22-08-2025, the first day every fund has.
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| JioBlackRock Nifty 50 Index Fund (Direct) | 79% | 95% | 4.48% |
From month-end values since 22-08-2025. 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.
JioBlackRock Nifty 50 Index vs Navi ELSS Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: JioBlackRock Nifty 50 Index Fund, September 2026; Navi ELSS Tax Saver Fund, March 2026
Holdings in common
- Overlap
- 36.8%
- Held by both
- 17
- Only in JioBlackRock Nifty 50 Index
- 33
- Only in Navi ELSS Tax Saver
- 26
| Security | % of JioBlackRock Nifty 50 Index | % of Navi ELSS Tax Saver |
|---|---|---|
| Reliance Industries Ltd | 7.60% | 5.70% |
| Bharti Airtel Ltd | 5.12% | 4.08% |
| ICICI Bank Ltd | 9.07% | 3.76% |
| State Bank of India | 3.80% | 3.59% |
| Axis Bank Ltd | 3.38% | 5.18% |
| HDFC Bank Ltd | 10.40% | 2.85% |
| Infosys Ltd | 3.36% | 2.72% |
| Sun Pharmaceutical Industries Ltd | 1.84% | 4.22% |
| Tata Consultancy Services Ltd | 2.01% | 1.60% |
| Hindustan Unilever Ltd | 1.60% | 2.30% |
| Shriram Finance Ltd | 1.32% | 2.79% |
| Interglobe Aviation Ltd | 1.08% | 1.80% |
| Cipla Ltd | 0.73% | 1.82% |
| Max Healthcare Institute Ltd | 0.66% | 2.64% |
| Jio Financial Services Ltd | 0.68% | 0.65% |
| Kotak Mahindra Bank Ltd | 2.94% | 0.61% |
| Tata Consumer Products Ltd | 0.59% | 1.97% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.8% means 36.8% 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 JioBlackRock Nifty 50 Index Fund
| Security | % of fund |
|---|---|
| Larsen & Toubro Ltd | 4.22% |
| Mahindra & Mahindra Ltd | 2.52% |
| Bajaj Finance Ltd | 2.51% |
| ITC Ltd | 2.43% |
| Eternal Ltd | 2.22% |
Largest holdings only in Navi ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| ASHOK LEYLAND LIMITED | 4.07% |
| UPL LIMITED | 3.95% |
| THE FEDERAL BANK LIMITED | 3.50% |
| PERSISTENT SYSTEMS LTD | 3.24% |
| CREDITACCESS GRAMEEN LIMITED | 3.18% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JioBlackRock Nifty 50 Index | Navi ELSS Tax Saver |
|---|---|---|
| Equity | 100.3% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.3% | 0.1% |
Market cap of stocks
| Market cap | JioBlackRock Nifty 50 Index | Navi ELSS Tax Saver |
|---|---|---|
| Large Cap | 98.9% | 51.9% |
| Mid Cap | 1.4% | 34.3% |
| Small Cap | 0.0% | 12.8% |
| Not on AMFI's list | 0.0% | 1.0% |
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 | JioBlackRock Nifty 50 Index | Navi ELSS Tax Saver |
|---|---|---|
| Banks | 29.6% | 0.0% |
| BANKS | 0.0% | 21.8% |
| IT - SOFTWARE | 0.0% | 8.6% |
| PHARMACEUTICALS & BIOTECHNOLOGY | 0.0% | 8.3% |
| Petroleum Products | 7.6% | 0.0% |
| IT - Software | 7.5% | 0.0% |
| Automobiles | 6.7% | 0.0% |
| FINANCE | 0.0% | 6.6% |
| PETROLEUM PRODUCTS | 0.0% | 5.7% |
| Finance | 5.5% | 0.0% |
| Telecom - Services | 5.1% | 0.0% |
| INDUSTRIAL PRODUCTS | 0.0% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
JioBlackRock Nifty 50 Index vs Navi ELSS Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JioBlackRock Nifty 50 Index Fund | Navi ELSS Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.22% | 0.53% |
| Base expense ratio (Direct) | 0.09% | 0.45% |
| Total expense ratio (Regular) | 0.66% | 2.47% |
| Base expense ratio (Regular) | 0.42% | 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.
JioBlackRock Nifty 50 Index Fund vs Navi ELSS Tax Saver Fund: Frequently Asked Questions
What is the difference between JioBlackRock Nifty 50 Index Fund and Navi ELSS Tax Saver Fund?
JioBlackRock Nifty 50 Index Fund is an Index fund, Navi ELSS Tax Saver Fund is a mutual fund, run by Jio BlackRock Mutual Fund and Navi Mutual Fund. Their portfolios overlap 36.8%. JioBlackRock Nifty 50 Index Fund charges 0.22% a year and Navi ELSS Tax Saver Fund 0.53%.
Which has given higher returns, JioBlackRock Nifty 50 Index Fund or Navi ELSS Tax Saver Fund?
Over 1 year: JioBlackRock Nifty 50 Index Fund −10.07%, Navi ELSS Tax Saver Fund +7.63%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, JioBlackRock Nifty 50 Index Fund or Navi ELSS Tax Saver Fund?
JioBlackRock Nifty 50 Index Fund charges less: 0.22% a year against 0.53%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JioBlackRock Nifty 50 Index Fund and Navi ELSS Tax Saver Fund overlap?
36.8%. They hold 17 of the same securities, the largest shared ones being RELIANCE, BHARTIARTL, ICICIBANK. From each fund's latest monthly portfolio.
Can I invest in both JioBlackRock Nifty 50 Index Fund and Navi ELSS Tax Saver Fund?
Yes. 36.8% 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.