JM ELSS - Tax Saver Fund vs Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv
Direct Plan, Growth option · Data as on 30-10-2026
JM ELSS - Tax Saver Fund and Sundaram Long Term Micro Cap Tax 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 Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv (Direct) returned 8.4% a year. JM ELSS - Tax Saver Fund charges 1.34% a year and Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv 1.12% (Direct plans). Their portfolios overlap 2.1%: they hold 1 of the same security.
JM ELSS - Tax Saver Fund
ELSS
- 3 year return
- 15.6%
- Expense ratio
- 1.34%
- NAV
- ₹57.26
Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv
ELSS
- 3 year return
- 8.4%
- Expense ratio
- 1.12%
- NAV
- ₹28.82
Which is better, JM ELSS - Tax Saver or Sundaram Long Term Micro Cap Tax 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.
- Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv returned more over 5 years: 12.5% a year against 12.3%.
- JM ELSS - Tax Saver returned more over 3 years: 15.6% a year against 8.4%.
- Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv costs less: 1.12% a year against 1.34% (Direct plans).
- JM ELSS - Tax Saver swung less over 3 years: a standard deviation of 16.1% a year against 16.9%.
- JM ELSS - Tax Saver fell less in its worst fall since 27-03-2017: −37.4% against −61.3%.
- JM ELSS - Tax Saver holds more in large companies: 35.1% of the fund in large caps against 3.8%.
- JM ELSS - Tax Saver is the larger fund: ₹240 Cr against ₹36 Cr.
- Their portfolios overlap 2.1%: 1 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 | Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv |
|---|---|---|
| Fund house | JM Financial Mutual Fund | Sundaram Mutual Fund |
| Category | ELSS | ELSS |
| AUM | ₹240 Cr (30-09-2026) | ₹36 Cr (30-09-2026) |
| NAV | ₹57.26 (Direct) | ₹28.82 (Direct) |
| Expense ratio (Direct) | 1.34% | 1.12% |
| Expense ratio (Regular) | 2.68% | 1.23% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | Nifty Smallcap 100 TRI |
| Launch date | 31-03-2008 | 24-03-2017 |
| Minimum investment | ₹500 | For both Regular and Direct Plan Rs 500/- |
| Lock in | 3 years | 3 years |
| Fund managers | Deepak Gupta, Satish Ramanathan, Asit Bhandarkar, Ruchi Fozdar | Rohit Seksaria |
| Exit load | Nil | NIL |
JM ELSS - Tax Saver vs Sundaram Long Term Micro Cap Tax 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% |
| Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv (Direct) | −7.82% | −9.29% | −5.25% | −5.20% | +8.40% | +12.52% | -- |
| 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 Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv: Year-wise Returns
| Year | JM ELSS - Tax SaverJM ELSS - Tax Saver | Sundaram Long Term Micro Cap Tax Advantage Fund Series IvSundaram Long Term Micro Cap Tax Advantage Fund Series Iv |
|---|---|---|
| 2026to date | −0.54% | −2.74% |
| 2025 | +3.83% | +1.55% |
| 2024 | +30.64% | +13.34% |
| 2023 | +32.19% | +49.81% |
| 2022 | +1.47% | +4.34% |
| 2021 | +33.15% | +74.42% |
JM ELSS - Tax Saver vs Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of JM ELSS - Tax Saver Fund
Rolling returns
Every 3-year holding period, 1,625 of them, one for each trading day from 27-03-2020 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)
Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv (Direct)
BSE 500 TRI
to
Oct 2020Nov 2018
to
Nov 2021Jan 2020
to
Jan 2023Feb 2021
to
Feb 2024Mar 2022
to
Mar 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 | 2.0 | 7.3 | 2.6 | 7.9 | 33.4 | 32.0 | 14.8 | 18.4% | 19.6% | −3.2% | 33.2% | 86% |
| Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv | 16.9 | 1.1 | 1.9 | 6.6 | 21.3 | 17.8 | 34.3 | 19.2% | 20.6% | −19.1% | 50.3% | 76% |
| BSE 500 TRI | 2.5 | 6.8 | 5.2 | 22.8 | 40.4 | 16.9 | 5.4 | 15.8% | 16.5% | −4.9% | 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 27-03-2017. Past returns do not promise future returns.
JM ELSS - Tax Saver vs Sundaram Long Term Micro Cap Tax 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 01-03-2017 to 30-10-2026: 116 instalments, ₹11,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| JM ELSS - Tax SaverJM ELSS - Tax Saver Fund (Direct) | ₹11,60,000 | ₹25,44,129 | ₹13,84,129 | 15.6% |
| Sundaram Long Term Micro Cap Tax Advantage Fund Series IvSundaram Long Term Micro Cap Tax Advantage Fund Series Iv (Direct) | ₹11,60,000 | ₹25,11,586 | ₹13,51,586 | 15.3% |
JM ELSS - Tax SaverJM ELSS - Tax Saver Fund (Direct)
Sundaram Long Term Micro Cap Tax Advantage Fund Series IvSundaram Long Term Micro Cap Tax 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 Sundaram Long Term Micro Cap Tax 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) | Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv (Direct) |
|---|---|---|
| Return (CAGR) | −1.27% | −5.20% |
| Standard deviation | 15.50% | 17.95% |
| Sharpe ratio | -0.42 | -0.58 |
| Sortino ratio | -0.56 | -0.81 |
| Maximum drawdown | −16.9% (23-03-2026) | −16.4% (23-03-2026) |
| Beta | 1.04 | 0.85 |
| Alpha | +6.93% | −6.49% |
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) | Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv (Direct) |
|---|---|---|
| Return (CAGR) | +15.60% | +8.40% |
| Standard deviation | 16.06% | 16.85% |
| Sharpe ratio | 0.60 | 0.14 |
| Sortino ratio | 0.80 | 0.19 |
| Maximum drawdown | −20.9% (07-04-2025) | −24.1% (03-03-2025) |
| Beta | 1.08 | 0.76 |
| Alpha | +5.41% | −3.78% |
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) | Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv (Direct) |
|---|---|---|
| Return (CAGR) | +12.32% | +12.52% |
| Standard deviation | 15.58% | 16.46% |
| Sharpe ratio | 0.42 | 0.41 |
| Sortino ratio | 0.56 | 0.54 |
| Maximum drawdown | −20.9% (07-04-2025) | −24.1% (03-03-2025) |
| Beta | 1.04 | 0.76 |
| Alpha | +3.55% | +1.83% |
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) | Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv (Direct) |
|---|---|---|
| Return (CAGR) | +16.16% | +11.64% |
| Standard deviation | 16.95% | 17.71% |
| Sharpe ratio | 0.60 | 0.35 |
| Sortino ratio | 0.81 | 0.46 |
| Maximum drawdown | −37.4% (23-03-2020) | −61.3% (24-03-2020) |
| Beta | 1.02 | 0.79 |
| Alpha | +3.19% | +1.04% |
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)
Sundaram Long Term Micro Cap Tax 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% |
| Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv (Direct) | −61.3% | 15-01-2018 | 24-03-2020 | 10-06-2021 | 15 months | −12.5% |
| BSE 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −9.4% |
From daily values since 27-03-2017, 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)
Sundaram Long Term Micro Cap Tax 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)
Sundaram Long Term Micro Cap Tax 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)
Sundaram Long Term Micro Cap Tax 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% |
| Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv (Direct) | 112% | 117% | 11.94% |
From month-end values since 27-03-2017. 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 Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv: Portfolio Overlap
From each fund's latest monthly portfolio: JM ELSS - Tax Saver Fund, September 2026; Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv, September 2026
Holdings in common
- Overlap
- 2.1%
- Held by both
- 1
- Only in JM ELSS - Tax Saver
- 52
- Only in Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv
- 39
| Security | % of JM ELSS - Tax Saver | % of Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv |
|---|---|---|
| Eternal Limited | 2.08% | 2.81% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 2.1% means 2.1% 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% |
| HDFC Bank Limited | 2.90% |
| Karur Vysya Bank Limited | 2.69% |
| ICICI Bank Limited | 2.67% |
Largest holdings only in Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv
| Security | % of fund |
|---|---|
| MTAR Technologies Ltd | 7.29% |
| Aster DM Healthcare Ltd | 6.62% |
| Angel One Ltd | 4.67% |
| Ujjivan Small Finance Bank Ltd | 4.47% |
| Safari Industries (India) Ltd | 3.93% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JM ELSS - Tax Saver | Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv |
|---|---|---|
| Equity | 98.9% | 97.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.1% | 2.1% |
Market cap of stocks
| Market cap | JM ELSS - Tax Saver | Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv |
|---|---|---|
| Large Cap | 35.1% | 3.8% |
| Mid Cap | 18.2% | 8.8% |
| Small Cap | 45.5% | 85.3% |
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 | Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv |
|---|---|---|
| Banks | 12.4% | 12.4% |
| Industrial Products | 4.0% | 11.3% |
| Finance | 10.1% | 7.0% |
| Consumer Durables | 1.9% | 8.8% |
| Electrical Equipment | 1.7% | 8.5% |
| Healthcare Services | 3.6% | 6.6% |
| Retailing | 6.4% | 2.8% |
| Industrial Manufacturing | 5.0% | 0.0% |
| Commercial Services & Supplies | 4.9% | 0.0% |
| Automobiles | 4.7% | 1.6% |
The six largest sectors of each fund's stocks, % of the fund.
JM ELSS - Tax Saver vs Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JM ELSS - Tax Saver Fund | Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv |
|---|---|---|
| Total expense ratio (Direct) | 1.34% | 1.12% |
| Base expense ratio (Direct) | 0.93% | 0.90% |
| Total expense ratio (Regular) | 2.68% | 1.23% |
| 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 Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv with
- Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv vs Motilal Oswal ELSS Tax Saver
- Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv vs SBI Long Term Advantage Fund - Series V
- Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv vs WhiteOak Capital ELSS Tax Saver
- Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv vs HSBC ELSS Tax saver
JM ELSS - Tax Saver Fund vs Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv: Frequently Asked Questions
What is the difference between JM ELSS - Tax Saver Fund and Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv?
Both are ELSS funds, run by JM Financial Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 2.1%. JM ELSS - Tax Saver Fund charges 1.34% a year and Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv 1.12%.
Which has given higher returns, JM ELSS - Tax Saver Fund or Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv?
Over 1 year: JM ELSS - Tax Saver Fund −1.27%, Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv −5.20%. Over 3 years: JM ELSS - Tax Saver Fund +15.60% a year, Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv +8.40% a year. Over 5 years: JM ELSS - Tax Saver Fund +12.32% a year, Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv +12.52% 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 Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv?
Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv charges less: 1.12% 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 Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv overlap?
2.1%. They hold 1 of the same securities, the largest shared ones being ETERNAL. From each fund's latest monthly portfolio.
Which is riskier, JM ELSS - Tax Saver Fund or Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv?
On SEBI's riskometer, JM ELSS - Tax Saver Fund is rated Very High and Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv Very High. Over 3 years, the standard deviation of daily returns was 16.06% and 16.85% a year.
Which is better for SIP, JM ELSS - Tax Saver Fund or Sundaram Long Term Micro Cap Tax 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 ₹7,82,341 in Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv (XIRR 9.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both JM ELSS - Tax Saver Fund and Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv?
Yes. 2.1% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages JM ELSS - Tax Saver Fund and Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv?
JM ELSS - Tax Saver Fund: Deepak Gupta, Satish Ramanathan, Asit Bhandarkar, Ruchi Fozdar. Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv: Rohit Seksaria.
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.