JM ELSS - Tax Saver Fund vs SBI Long Term Advantage Fund - Series V
Direct Plan, Growth option · Data as on 30-10-2026
JM ELSS - Tax Saver Fund and SBI Long Term Advantage Fund - Series V 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 V (Direct) returned 18.9% a year. JM ELSS - Tax Saver Fund charges 1.34% a year and SBI Long Term Advantage Fund - Series V 1.27% (Direct plans). Their portfolios overlap 16.4%: they hold 8 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 V
ELSS
- 3 year return
- 18.9%
- Expense ratio
- 1.27%
- NAV
- ₹31.37
Which is better, JM ELSS - Tax Saver or SBI Long Term Advantage Fund - Series V? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Long Term Advantage Fund - Series V returned more over 5 years: 13.2% a year against 12.3%.
- SBI Long Term Advantage Fund - Series V returned more over 3 years: 18.9% a year against 15.6%.
- SBI Long Term Advantage Fund - Series V costs less: 1.27% a year against 1.34% (Direct plans).
- SBI Long Term Advantage Fund - Series V swung less over 3 years: a standard deviation of 15.2% a year against 16.1%.
- SBI Long Term Advantage Fund - Series V fell less in its worst fall since 05-04-2018: −35.8% against −37.4%.
- SBI Long Term Advantage Fund - Series V is the larger fund: ₹366 Cr against ₹240 Cr.
- Their portfolios overlap 16.4%: 8 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 V |
|---|---|---|
| Fund house | JM Financial Mutual Fund | SBI Mutual Fund |
| Category | ELSS | ELSS |
| AUM | ₹240 Cr (30-09-2026) | ₹366 Cr (30-09-2026) |
| NAV | ₹57.26 (Direct) | ₹31.37 (Direct) |
| Expense ratio (Direct) | 1.34% | 1.27% |
| Expense ratio (Regular) | 2.68% | 1.37% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | BSE 500 TRI |
| Launch date | 31-03-2008 | 27-03-2018 |
| Minimum investment | ₹500 | Not available |
| Lock in | 3 years | 3 years |
| Fund managers | Deepak Gupta, Satish Ramanathan, Asit Bhandarkar, Ruchi Fozdar | Mohan Lal |
| Exit load | Nil | Not available |
JM ELSS - Tax Saver vs SBI Long Term Advantage Fund - Series V: 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 V (Direct) | −4.33% | −6.21% | +0.99% | −5.06% | +18.92% | +13.21% | -- |
| 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 V: Year-wise Returns
| Year | JM ELSS - Tax SaverJM ELSS - Tax Saver | SBI Long Term Advantage Fund - Series VSBI Long Term Advantage Fund - Series V | BSE 500 TRI |
|---|---|---|---|
| 2026to date | −0.54% | −3.68% | −7.81% |
| 2025 | +3.83% | +11.05% | +7.63% |
| 2024 | +30.64% | +43.70% | +15.81% |
| 2023 | +32.19% | +17.08% | +26.55% |
| 2022 | +1.47% | +2.44% | +4.77% |
| 2021 | +33.15% | +34.93% | +31.63% |
JM ELSS - Tax Saver vs SBI Long Term Advantage Fund - Series V: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 1,373 of them, one for each trading day from 05-04-2021 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 V (Direct)
BSE 500 TRI
to
Sept 2021Aug 2019
to
Aug 2022Aug 2020
to
Aug 2023Jul 2021
to
Jul 2024Jun 2022
to
Jun 2025May 2023
to
May 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 | 0.0 | 0.0 | 0.0 | 5.5 | 39.0 | 37.9 | 17.6 | 20.7% | 20.6% | 11.4% | 33.2% | 88% |
| SBI Long Term Advantage Fund - Series V | 0.0 | 0.0 | 0.8 | 8.1 | 38.2 | 44.4 | 8.5 | 20.0% | 20.3% | 9.3% | 30.6% | 63% |
| BSE 500 TRI | 0.0 | 0.0 | 1.7 | 24.0 | 47.9 | 20.0 | 6.4 | 17.8% | 17.4% | 8.4% | 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 05-04-2018. Past returns do not promise future returns.
JM ELSS - Tax Saver vs SBI Long Term Advantage Fund - Series V: 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 02-04-2018 to 30-10-2026: 103 instalments, ₹10,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| JM ELSS - Tax SaverJM ELSS - Tax Saver Fund (Direct) | ₹10,30,000 | ₹20,90,298 | ₹10,60,298 | 16.0% |
| SBI Long Term Advantage Fund - Series VSBI Long Term Advantage Fund - Series V (Direct) | ₹10,30,000 | ₹21,00,288 | ₹10,70,288 | 16.1% |
JM ELSS - Tax SaverJM ELSS - Tax Saver Fund (Direct)
SBI Long Term Advantage Fund - Series VSBI Long Term Advantage Fund - Series V (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 V: 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 V (Direct) |
|---|---|---|
| Return (CAGR) | −1.27% | −5.06% |
| Standard deviation | 15.50% | 16.18% |
| Sharpe ratio | -0.42 | -0.64 |
| Sortino ratio | -0.56 | -0.87 |
| Maximum drawdown | −16.9% (23-03-2026) | −15.6% (31-03-2026) |
| Beta | 1.04 | 1.04 |
| Alpha | +6.93% | +3.06% |
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 V (Direct) |
|---|---|---|
| Return (CAGR) | +15.60% | +18.92% |
| Standard deviation | 16.06% | 15.17% |
| Sharpe ratio | 0.60 | 0.85 |
| Sortino ratio | 0.80 | 1.18 |
| Maximum drawdown | −20.9% (07-04-2025) | −16.2% (31-03-2026) |
| Beta | 1.08 | 0.94 |
| Alpha | +5.41% | +9.24% |
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 V (Direct) |
|---|---|---|
| Return (CAGR) | +12.32% | +13.21% |
| Standard deviation | 15.58% | 14.29% |
| Sharpe ratio | 0.42 | 0.52 |
| Sortino ratio | 0.56 | 0.72 |
| Maximum drawdown | −20.9% (07-04-2025) | −16.2% (31-03-2026) |
| Beta | 1.04 | 0.90 |
| Alpha | +3.55% | +4.84% |
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 V (Direct) |
|---|---|---|
| Return (CAGR) | +16.16% | +14.19% |
| Standard deviation | 16.95% | 16.08% |
| Sharpe ratio | 0.60 | 0.55 |
| Sortino ratio | 0.81 | 0.75 |
| Maximum drawdown | −37.4% (23-03-2020) | −35.8% (23-03-2020) |
| Beta | 1.02 | 0.90 |
| Alpha | +3.19% | +2.91% |
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 V (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 V (Direct) | −35.8% | 12-02-2020 | 23-03-2020 | 17-11-2020 | 8 months | −9.0% |
| BSE 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −9.4% |
From daily values since 05-04-2018, 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 V (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 V (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 V (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| JM ELSS - Tax Saver Fund (Direct) | 106% | 92% | 5.77% |
| SBI Long Term Advantage Fund - Series V (Direct) | 103% | 91% | 5.82% |
From month-end values since 05-04-2018. 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 V: Portfolio Overlap
From each fund's latest monthly portfolio: JM ELSS - Tax Saver Fund, September 2026; SBI Long Term Advantage Fund - Series V, September 2026
Holdings in common
- Overlap
- 16.4%
- Held by both
- 8
- Only in JM ELSS - Tax Saver
- 45
- Only in SBI Long Term Advantage Fund - Series V
- 23
| Security | % of JM ELSS - Tax Saver | % of SBI Long Term Advantage Fund - Series V |
|---|---|---|
| HDFC Bank Limited | 2.90% | 3.68% |
| Kotak Mahindra Bank Limited | 2.11% | 3.42% |
| Sanathan Textiles Ltd. | 2.04% | 3.89% |
| Manappuram Finance Limited | 2.03% | 2.16% |
| Bajaj Finance Limited | 1.94% | 2.89% |
| Fortis Healthcare Limited | 1.97% | 1.90% |
| State Bank of India | 2.01% | 1.84% |
| Navin Fluorine International Limited | 1.65% | 3.61% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.4% means 16.4% 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 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% |
| ICICI Bank Limited | 2.67% |
| Reliance Industries Limited | 2.64% |
Largest holdings only in SBI Long Term Advantage Fund - Series V
| Security | % of fund |
|---|---|
| Arvind Ltd. | 7.02% |
| Deepak Fertilizers and Petrochemicals Corporation Ltd. | 6.28% |
| Divi's Laboratories Ltd. | 5.08% |
| Foseco India Ltd. | 4.80% |
| Grindwell Norton Ltd. | 4.14% |
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 V |
|---|---|---|
| Equity | 98.9% | 98.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.1% | 1.8% |
Market cap of stocks
| Market cap | JM ELSS - Tax Saver | SBI Long Term Advantage Fund - Series V |
|---|---|---|
| Large Cap | 35.1% | 30.1% |
| Mid Cap | 18.2% | 12.2% |
| Small Cap | 45.5% | 50.8% |
| Not on AMFI's list | 0.0% | 5.1% |
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 V |
|---|---|---|
| Textiles & Apparels | 2.0% | 15.9% |
| Chemicals & Petrochemicals | 1.6% | 14.7% |
| Banks | 12.4% | 8.9% |
| Finance | 10.1% | 8.5% |
| Pharmaceuticals & Biotechnology | 3.1% | 9.5% |
| Industrial Products | 4.0% | 6.7% |
| Retailing | 6.4% | 2.0% |
| Industrial Manufacturing | 5.0% | 0.0% |
| Commercial Services & Supplies | 4.9% | 0.0% |
| Automobiles | 4.7% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
JM ELSS - Tax Saver vs SBI Long Term Advantage Fund - Series V: 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 V |
|---|---|---|
| Total expense ratio (Direct) | 1.34% | 1.27% |
| Base expense ratio (Direct) | 0.93% | 0.91% |
| Total expense ratio (Regular) | 2.68% | 1.37% |
| 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 V with
JM ELSS - Tax Saver Fund vs SBI Long Term Advantage Fund - Series V: Frequently Asked Questions
What is the difference between JM ELSS - Tax Saver Fund and SBI Long Term Advantage Fund - Series V?
Both are ELSS funds, run by JM Financial Mutual Fund and SBI Mutual Fund. Their portfolios overlap 16.4%. JM ELSS - Tax Saver Fund charges 1.34% a year and SBI Long Term Advantage Fund - Series V 1.27%.
Which has given higher returns, JM ELSS - Tax Saver Fund or SBI Long Term Advantage Fund - Series V?
Over 1 year: JM ELSS - Tax Saver Fund −1.27%, SBI Long Term Advantage Fund - Series V −5.06%. Over 3 years: JM ELSS - Tax Saver Fund +15.60% a year, SBI Long Term Advantage Fund - Series V +18.92% a year. Over 5 years: JM ELSS - Tax Saver Fund +12.32% a year, SBI Long Term Advantage Fund - Series V +13.21% 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 V?
SBI Long Term Advantage Fund - Series V charges less: 1.27% 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 V overlap?
16.4%. They hold 8 of the same securities, the largest shared ones being HDFCBANK, KOTAKBANK, SANATHAN. From each fund's latest monthly portfolio.
Which is riskier, JM ELSS - Tax Saver Fund or SBI Long Term Advantage Fund - Series V?
On SEBI's riskometer, JM ELSS - Tax Saver Fund is rated Very High and SBI Long Term Advantage Fund - Series V Very High. Over 3 years, the standard deviation of daily returns was 16.06% and 15.17% a year.
Which is better for SIP, JM ELSS - Tax Saver Fund or SBI Long Term Advantage Fund - Series V?
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 ₹8,62,146 in SBI Long Term Advantage Fund - Series V (XIRR 13.6% 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 V?
Yes. 16.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages JM ELSS - Tax Saver Fund and SBI Long Term Advantage Fund - Series V?
JM ELSS - Tax Saver Fund: Deepak Gupta, Satish Ramanathan, Asit Bhandarkar, Ruchi Fozdar. SBI Long Term Advantage Fund - Series V: Mohan Lal.
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.