JM ELSS - Tax Saver Fund vs SBI Long Term Advantage Fund - Series IV
Direct Plan, Growth option · Data as on 30-10-2026
JM ELSS - Tax Saver Fund and SBI Long Term Advantage Fund - Series IV are both ELSS funds. In the 3 years to 30-10-2026, JM ELSS - Tax Saver Fund (Direct) returned 15.6% a year and SBI Long Term Advantage Fund - Series IV (Direct) returned 6.0% a year. JM ELSS - Tax Saver Fund charges 1.34% a year and SBI Long Term Advantage Fund - Series IV 1.23% (Direct plans). Their portfolios overlap 22.3%: they hold 11 of the same securities.
JM ELSS - Tax Saver Fund
ELSS
- 3 year return
- 15.6%
- Expense ratio
- 1.34%
- NAV
- ₹57.26
SBI Long Term Advantage Fund - Series IV
ELSS
- 3 year return
- 6.0%
- Expense ratio
- 1.23%
- NAV
- ₹45.36
Which is better, JM ELSS - Tax Saver or SBI Long Term Advantage Fund - Series IV? 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 7.8%.
- JM ELSS - Tax Saver returned more over 3 years: 15.6% a year against 6.0%.
- SBI Long Term Advantage Fund - Series IV costs less: 1.23% a year against 1.34% (Direct plans).
- SBI Long Term Advantage Fund - Series IV swung less over 3 years: a standard deviation of 13.6% a year against 16.1%.
- SBI Long Term Advantage Fund - Series IV fell less in its worst fall since 10-04-2017: −34.4% against −37.4%.
- SBI Long Term Advantage Fund - Series IV holds more in large companies: 47.8% of the fund in large caps against 35.1%.
- JM ELSS - Tax Saver is the larger fund: ₹240 Cr against ₹181 Cr.
- Their portfolios overlap 22.3%: 11 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 | JM ELSS - Tax Saver Fund | SBI Long Term Advantage Fund - Series IV |
|---|---|---|
| Fund house | JM Financial Mutual Fund | SBI Mutual Fund |
| Category | ELSS | ELSS |
| AUM | ₹240 Cr (30-09-2026) | ₹181 Cr (30-09-2026) |
| NAV | ₹57.26 (Direct) | ₹45.36 (Direct) |
| Expense ratio (Direct) | 1.34% | 1.23% |
| Expense ratio (Regular) | 2.68% | 1.43% |
| Riskometer | Very High | Not available |
| Benchmark | BSE 500 TRI | Not available |
| Launch date | 31-03-2008 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | 3 years | Not available |
| Fund managers | Deepak Gupta, Satish Ramanathan, Asit Bhandarkar, Ruchi Fozdar | Not available |
| Exit load | Nil | Not available |
JM ELSS - Tax Saver vs SBI Long Term Advantage Fund - Series IV: 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 |
|---|---|---|---|---|---|---|---|
| JM ELSS - Tax Saver Fund (Direct) | −3.36% | −4.03% | +5.11% | −1.27% | +15.60% | +12.32% | +15.40% |
| SBI Long Term Advantage Fund - Series IV (Direct) | −2.56% | −8.81% | −7.36% | −11.16% | +6.01% | +7.77% | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | -- |
Category average: the average of the 50 ELSS funds, same plan type.
JM ELSS - Tax Saver vs SBI Long Term Advantage Fund - Series IV: Year-wise Returns
| Year | JM ELSS - Tax SaverJM ELSS - Tax Saver | SBI Long Term Advantage Fund - Series IVSBI Long Term Advantage Fund - Series IV | BSE 500 TRI |
|---|---|---|---|
| 2026to date | −0.54% | −11.73% | −7.81% |
| 2025 | +3.83% | +4.26% | +7.63% |
| 2024 | +30.64% | +21.06% | +15.81% |
| 2023 | +32.19% | +24.40% | +26.55% |
| 2022 | +1.47% | +6.81% | +4.77% |
| 2021 | +33.15% | +59.30% | +31.63% |
JM ELSS - Tax Saver vs SBI Long Term Advantage Fund - Series IV: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 1,617 of them, one for each trading day from 13-04-2020 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.
JM ELSS - Tax Saver Fund (Direct)
SBI Long Term Advantage Fund - Series IV (Direct)
BSE 500 TRI
to
Oct 2020Dec 2018
to
Dec 2021Jan 2020
to
Jan 2023Feb 2021
to
Feb 2024Apr 2022
to
Apr 2025Apr 2023
to
Apr 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JM ELSS - Tax Saver | 1.7 | 7.2 | 2.6 | 8.0 | 33.5 | 32.2 | 14.9 | 18.5% | 19.6% | −3.2% | 33.2% | 86% |
| SBI Long Term Advantage Fund - Series IV | 0.0 | 0.9 | 10.9 | 18.0 | 18.9 | 8.0 | 43.3 | 22.6% | 21.3% | 4.1% | 44.0% | 79% |
| BSE 500 TRI | 2.0 | 6.9 | 5.2 | 22.9 | 40.6 | 17.0 | 5.4 | 15.9% | 16.5% | −3.0% | 33.9% | -- |
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 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 10-04-2017. Past returns do not promise future returns.
JM ELSS - Tax Saver vs SBI Long Term Advantage Fund - Series IV: 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 03-04-2017 to 30-10-2026: 115 instalments, ₹11,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| JM ELSS - Tax SaverJM ELSS - Tax Saver Fund (Direct) | ₹11,50,000 | ₹25,03,537 | ₹13,53,537 | 15.6% |
| SBI Long Term Advantage Fund - Series IVSBI Long Term Advantage Fund - Series IV (Direct) | ₹11,50,000 | ₹24,61,803 | ₹13,11,803 | 15.3% |
JM ELSS - Tax SaverJM ELSS - Tax Saver Fund (Direct)
SBI Long Term Advantage Fund - Series IVSBI Long Term Advantage Fund - Series IV (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.
JM ELSS - Tax Saver vs SBI Long Term Advantage Fund - Series IV: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | JM ELSS - Tax Saver Fund (Direct) | SBI Long Term Advantage Fund - Series IV (Direct) |
|---|---|---|
| Return (CAGR) | −1.27% | −11.16% |
| Standard deviation | 15.50% | 15.11% |
| Sharpe ratio | -0.42 | -1.09 |
| Sortino ratio | -0.56 | -1.43 |
| Maximum drawdown | −16.9% (23-03-2026) | −14.7% (31-03-2026) |
| Beta | 1.04 | 1.01 |
| Alpha | +6.93% | −3.36% |
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 | JM ELSS - Tax Saver Fund (Direct) | SBI Long Term Advantage Fund - Series IV (Direct) |
|---|---|---|
| Return (CAGR) | +15.60% | +6.01% |
| Standard deviation | 16.06% | 13.64% |
| Sharpe ratio | 0.60 | -0.00 |
| Sortino ratio | 0.80 | -0.00 |
| Maximum drawdown | −20.9% (07-04-2025) | −21.0% (07-04-2025) |
| Beta | 1.08 | 0.87 |
| Alpha | +5.41% | −3.37% |
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 | JM ELSS - Tax Saver Fund (Direct) | SBI Long Term Advantage Fund - Series IV (Direct) |
|---|---|---|
| Return (CAGR) | +12.32% | +7.77% |
| Standard deviation | 15.58% | 13.15% |
| Sharpe ratio | 0.42 | 0.15 |
| Sortino ratio | 0.56 | 0.20 |
| Maximum drawdown | −20.9% (07-04-2025) | −21.0% (07-04-2025) |
| Beta | 1.04 | 0.82 |
| Alpha | +3.55% | −0.36% |
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 | JM ELSS - Tax Saver Fund (Direct) | SBI Long Term Advantage Fund - Series IV (Direct) |
|---|---|---|
| Return (CAGR) | +16.16% | +17.11% |
| Standard deviation | 16.95% | 14.97% |
| Sharpe ratio | 0.60 | 0.78 |
| Sortino ratio | 0.81 | 1.06 |
| Maximum drawdown | −37.4% (23-03-2020) | −34.4% (23-03-2020) |
| Beta | 1.02 | 0.81 |
| Alpha | +3.19% | +6.13% |
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.
JM ELSS - Tax Saver Fund (Direct)
SBI Long Term Advantage Fund - Series IV (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| JM ELSS - Tax Saver Fund (Direct) | −37.4% | 19-02-2020 | 23-03-2020 | 10-11-2020 | 8 months | −7.2% |
| SBI Long Term Advantage Fund - Series IV (Direct) | −34.4% | 13-02-2020 | 23-03-2020 | 26-08-2020 | 5 months | −16.2% |
| BSE 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −9.4% |
From daily values since 10-04-2017, 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.
JM ELSS - Tax Saver Fund (Direct)
SBI Long Term Advantage Fund - Series IV (Direct)
BSE 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.
JM ELSS - Tax Saver Fund (Direct)
SBI Long Term Advantage Fund - Series IV (Direct)
BSE 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.
JM ELSS - Tax Saver Fund (Direct)
SBI Long Term Advantage Fund - Series IV (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| JM ELSS - Tax Saver Fund (Direct) | 103% | 89% | 5.76% |
| SBI Long Term Advantage Fund - Series IV (Direct) | 110% | 88% | 9.40% |
From month-end values since 10-04-2017. 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.
JM ELSS - Tax Saver vs SBI Long Term Advantage Fund - Series IV: Portfolio Overlap
From each fund's latest monthly portfolio: JM ELSS - Tax Saver Fund, September 2026; SBI Long Term Advantage Fund - Series IV, September 2026
Holdings in common
- Overlap
- 22.3%
- Held by both
- 11
- Only in JM ELSS - Tax Saver
- 42
- Only in SBI Long Term Advantage Fund - Series IV
- 18
| Security | % of JM ELSS - Tax Saver | % of SBI Long Term Advantage Fund - Series IV |
|---|---|---|
| HDFC Bank Limited | 2.90% | 3.91% |
| ICICI Bank Limited | 2.67% | 7.66% |
| Kotak Mahindra Bank Limited | 2.11% | 3.68% |
| Manappuram Finance Limited | 2.03% | 2.44% |
| State Bank of India | 2.01% | 3.18% |
| Bajaj Finance Limited | 1.94% | 7.41% |
| Fortis Healthcare Limited | 1.97% | 1.91% |
| Mahindra & Mahindra Financial Serv Ltd. | 1.76% | 3.23% |
| Tech Mahindra Limited | 1.71% | 2.10% |
| Navin Fluorine International Limited | 1.65% | 4.09% |
| Mahindra & Mahindra Limited | 1.63% | 1.95% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 22.3% means 22.3% 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 JM ELSS - Tax Saver Fund
| Security | % of fund |
|---|---|
| SYRMA SGS TECHNOLOGY LIMITED | 3.41% |
| One 97 Communications Limited | 3.31% |
| Karur Vysya Bank Limited | 2.69% |
| Reliance Industries Limited | 2.64% |
| Bharti Airtel Limited | 2.41% |
Largest holdings only in SBI Long Term Advantage Fund - Series IV
| Security | % of fund |
|---|---|
| Eicher Motors Ltd. | 4.73% |
| Tata Motors Ltd. | 3.95% |
| Delhivery Ltd. | 3.84% |
| Sun Pharmaceutical Industries Ltd. | 3.51% |
| Kusumgar Ltd. | 3.32% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JM ELSS - Tax Saver | SBI Long Term Advantage Fund - Series IV |
|---|---|---|
| Equity | 98.9% | 94.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.1% | 6.0% |
Market cap of stocks
| Market cap | JM ELSS - Tax Saver | SBI Long Term Advantage Fund - Series IV |
|---|---|---|
| Large Cap | 35.1% | 47.8% |
| Mid Cap | 18.2% | 15.2% |
| Small Cap | 45.5% | 27.7% |
| Not on AMFI's list | 0.0% | 3.3% |
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 | JM ELSS - Tax Saver | SBI Long Term Advantage Fund - Series IV |
|---|---|---|
| Finance | 10.1% | 20.5% |
| Banks | 12.4% | 18.4% |
| Transport Services | 0.0% | 6.8% |
| Automobiles | 4.7% | 6.7% |
| Retailing | 6.4% | 2.1% |
| Agricultural, Commercial & Construction Vehicles | 1.6% | 6.1% |
| Construction | 1.8% | 5.3% |
| Industrial Manufacturing | 5.0% | 0.0% |
| Commercial Services & Supplies | 4.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
JM ELSS - Tax Saver vs SBI Long Term Advantage Fund - Series IV: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JM ELSS - Tax Saver Fund | SBI Long Term Advantage Fund - Series IV |
|---|---|---|
| Total expense ratio (Direct) | 1.34% | 1.23% |
| Base expense ratio (Direct) | 0.93% | 0.83% |
| Total expense ratio (Regular) | 2.68% | 1.43% |
| Base expense ratio (Regular) | 2.10% | 1.00% |
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 JM ELSS - Tax Saver with
Compare SBI Long Term Advantage Fund - Series IV with
JM ELSS - Tax Saver Fund vs SBI Long Term Advantage Fund - Series IV: Frequently Asked Questions
What is the difference between JM ELSS - Tax Saver Fund and SBI Long Term Advantage Fund - Series IV?
Both are ELSS funds, run by JM Financial Mutual Fund and SBI Mutual Fund. Their portfolios overlap 22.3%. JM ELSS - Tax Saver Fund charges 1.34% a year and SBI Long Term Advantage Fund - Series IV 1.23%.
Which has given higher returns, JM ELSS - Tax Saver Fund or SBI Long Term Advantage Fund - Series IV?
Over 1 year: JM ELSS - Tax Saver Fund −1.27%, SBI Long Term Advantage Fund - Series IV −11.16%. Over 3 years: JM ELSS - Tax Saver Fund +15.60% a year, SBI Long Term Advantage Fund - Series IV +6.01% a year. Over 5 years: JM ELSS - Tax Saver Fund +12.32% a year, SBI Long Term Advantage Fund - Series IV +7.77% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, JM ELSS - Tax Saver Fund or SBI Long Term Advantage Fund - Series IV?
SBI Long Term Advantage Fund - Series IV charges less: 1.23% a year against 1.34%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JM ELSS - Tax Saver Fund and SBI Long Term Advantage Fund - Series IV overlap?
22.3%. They hold 11 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is better for SIP, JM ELSS - Tax Saver Fund or SBI Long Term Advantage Fund - Series IV?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,40,555 in JM ELSS - Tax Saver Fund (XIRR 12.6% a year) and ₹6,96,966 in SBI Long Term Advantage Fund - Series IV (XIRR 5.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both JM ELSS - Tax Saver Fund and SBI Long Term Advantage Fund - Series IV?
Yes. 22.3% 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.