Navi ELSS Tax Saver Fund vs Nippon India Index Fund - Nifty 50 Plan
Direct Plan, Growth option · Data as on 10-04-2026
Navi ELSS Tax Saver Fund is a mutual fund and Nippon India Index Fund - Nifty 50 Plan is a mutual fund. In the 3 years to 30-10-2026, Navi ELSS Tax Saver Fund (Direct) returned 13.0% a year and Nippon India Index Fund - Nifty 50 Plan (Direct) returned 7.4% a year. Navi ELSS Tax Saver Fund charges 0.53% a year and Nippon India Index Fund - Nifty 50 Plan 0.15% (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.
Nippon India Index Fund - Nifty 50 Plan
- 3 year return
- 7.4%
- Expense ratio
- 0.15%
- NAV
- ₹42.61
Which is better, Navi ELSS Tax Saver or Nippon India Index Fund - Nifty 50 Plan? 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 5 years: 11.6% a year against 6.5%.
- Navi ELSS Tax Saver returned more over 3 years: 13.0% a year against 7.4%.
- Nippon India Index Fund - Nifty 50 Plan costs less: 0.15% a year against 0.53% (Direct plans).
- Navi ELSS Tax Saver swung less over 3 years: a standard deviation of 12.8% a year against 13.2%.
- Navi ELSS Tax Saver fell less in its worst fall since 31-12-2015: −37.8% against −38.2%.
- Nippon India Index Fund - Nifty 50 Plan holds more in large companies: 98.9% of the fund in large caps against 51.9%.
- Nippon India Index Fund - Nifty 50 Plan is the larger fund: ₹3,461 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 | Navi ELSS Tax Saver Fund | Nippon India Index Fund - Nifty 50 Plan |
|---|---|---|
| Fund house | Navi Mutual Fund | Nippon India Mutual Fund |
| Category | Not available | Not available |
| AUM | ₹44 Cr (31-03-2026) | ₹3,461 Cr (30-09-2026) |
| NAV | ₹32.40 (Direct) | ₹42.61 (Direct) |
| Expense ratio (Direct) | 0.53% | 0.15% |
| Expense ratio (Regular) | 2.47% | 0.49% |
| Riskometer | Not available | Not available |
| Benchmark | Not available | Not available |
| Launch date | Not available | Not available |
| Minimum investment | Not available | Not available |
| Lock in | Not available | Not available |
| Fund managers | Not available | Not available |
| Exit load | Not available | Not available |
Navi ELSS Tax Saver vs Nippon India Index Fund - Nifty 50 Plan: 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 |
|---|---|---|---|---|---|---|---|
| Navi ELSS Tax Saver Fund (Direct) | −1.08% | −6.34% | −3.28% | +7.63% | +12.99% | +11.62% | +12.70% |
| Nippon India Index Fund - Nifty 50 Plan (Direct) | +1.94% | −5.04% | −3.18% | −10.09% | +7.43% | +6.47% | +11.27% |
Navi ELSS Tax Saver vs Nippon India Index Fund - Nifty 50 Plan: Year-wise Returns
| Year | Navi ELSS Tax SaverNavi ELSS Tax Saver | Nippon India Index Fund - Nifty 50 PlanNippon India Index Fund - Nifty 50 Plan |
|---|---|---|
| 2026to date | −7.43% | −10.98% |
| 2025 | +6.24% | +11.73% |
| 2024 | +13.90% | +9.79% |
| 2023 | +26.43% | +21.00% |
| 2022 | −0.08% | +5.39% |
| 2021 | +31.78% | +25.21% |
Navi ELSS Tax Saver vs Nippon India Index Fund - Nifty 50 Plan: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of Nippon India Index Fund - Nifty 50 Plan
Rolling returns
Every 3-year holding period, 1,794 of them, one for each trading day from 31-12-2018 to 10-04-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Navi ELSS Tax Saver Fund (Direct)
Nippon India Index Fund - Nifty 50 Plan (Direct)
Nifty 50 TRI
to
Aug 2019Dec 2017
to
Dec 2020Apr 2019
to
Apr 2022Aug 2020
to
Aug 2023Dec 2021
to
Dec 2024Mar 2023
to
Mar 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Navi ELSS Tax Saver | 3.6 | 6.7 | 10.0 | 43.4 | 26.8 | 8.4 | 1.1 | 13.2% | 13.6% | −6.6% | 29.2% | 35% |
| Nippon India Index Fund - Nifty 50 Plan | 1.2 | 4.4 | 13.3 | 44.1 | 28.5 | 6.3 | 2.3 | 13.7% | 14.1% | −4.8% | 31.8% | 0% |
| Nifty 50 TRI | 1.0 | 4.2 | 7.6 | 40.3 | 37.0 | 7.2 | 2.7 | 14.5% | 14.8% | −4.5% | 32.4% | -- |
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 50 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 31-12-2015. Past returns do not promise future returns.
Navi ELSS Tax Saver vs Nippon India Index Fund - Nifty 50 Plan: 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 31-12-2015 to 10-04-2026: 125 instalments, ₹12,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Navi ELSS Tax SaverNavi ELSS Tax Saver Fund (Direct) | ₹12,50,000 | ₹23,15,164 | ₹10,65,164 | 11.5% |
| Nippon India Index Fund - Nifty 50 PlanNippon India Index Fund - Nifty 50 Plan (Direct) | ₹13,10,000 | ₹23,68,672 | ₹10,58,672 | 10.4% |
Navi ELSS Tax SaverNavi ELSS Tax Saver Fund (Direct)
Nippon India Index Fund - Nifty 50 PlanNippon India Index Fund - Nifty 50 Plan (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.
Navi ELSS Tax Saver vs Nippon India Index Fund - Nifty 50 Plan: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Navi ELSS Tax Saver Fund (Direct) | Nippon India Index Fund - Nifty 50 Plan (Direct) |
|---|---|---|
| Return (CAGR) | +7.63% | −10.09% |
| Standard deviation | 14.04% | 13.60% |
| Sharpe ratio | 0.15 | -1.13 |
| Sortino ratio | 0.22 | -1.51 |
| Maximum drawdown | −14.9% (31-03-2026) | −15.1% (30-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.12% |
From daily NAVs, 09-04-2025 to 10-04-2026. 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 | Navi ELSS Tax Saver Fund (Direct) | Nippon India Index Fund - Nifty 50 Plan (Direct) |
|---|---|---|
| Return (CAGR) | +12.99% | +7.43% |
| Standard deviation | 12.85% | 13.18% |
| Sharpe ratio | 0.52 | 0.11 |
| Sortino ratio | 0.71 | 0.15 |
| Maximum drawdown | −18.4% (03-03-2025) | −15.5% (04-03-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.19% |
From daily NAVs, 10-04-2023 to 10-04-2026. 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 | Navi ELSS Tax Saver Fund (Direct) | Nippon India Index Fund - Nifty 50 Plan (Direct) |
|---|---|---|
| Return (CAGR) | +11.62% | +6.47% |
| Standard deviation | 13.82% | 13.67% |
| Sharpe ratio | 0.44 | 0.05 |
| Sortino ratio | 0.59 | 0.07 |
| Maximum drawdown | −19.8% (20-06-2022) | −15.9% (17-06-2022) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.22% |
From daily NAVs, 09-04-2021 to 10-04-2026. 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 | Navi ELSS Tax Saver Fund (Direct) | Nippon India Index Fund - Nifty 50 Plan (Direct) |
|---|---|---|
| Return (CAGR) | +12.06% | +11.12% |
| Standard deviation | 15.29% | 15.76% |
| Sharpe ratio | 0.43 | 0.32 |
| Sortino ratio | 0.57 | 0.44 |
| Maximum drawdown | −37.8% (23-03-2020) | −38.2% (23-03-2020) |
| Beta | -- | 0.99 |
| Alpha | -- | −0.41% |
From daily NAVs, 31-12-2015 to 10-04-2026. 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.
Navi ELSS Tax Saver Fund (Direct)
Nippon India Index Fund - Nifty 50 Plan (Direct)
Nifty 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Navi ELSS Tax Saver Fund (Direct) | −37.8% | 12-02-2020 | 23-03-2020 | 24-11-2020 | 8 months | −9.7% |
| Nippon India Index Fund - Nifty 50 Plan (Direct) | −38.2% | 14-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −11.7% |
| Nifty 50 TRI | −38.3% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −11.6% |
From daily values since 31-12-2015, 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.
Navi ELSS Tax Saver Fund (Direct)
Nippon India Index Fund - Nifty 50 Plan (Direct)
Nifty 50 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.
Navi ELSS Tax Saver Fund (Direct)
Nippon India Index Fund - Nifty 50 Plan (Direct)
Nifty 50 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.
Navi ELSS Tax Saver Fund (Direct)
Nippon India Index Fund - Nifty 50 Plan (Direct)
Nifty 50 TRI
Against Nifty 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Navi ELSS Tax Saver Fund (Direct) | 94% | 92% | 6.28% |
| Nippon India Index Fund - Nifty 50 Plan (Direct) | 99% | 101% | 0.22% |
From month-end values since 31-12-2015. 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.
Navi ELSS Tax Saver vs Nippon India Index Fund - Nifty 50 Plan: Portfolio Overlap
From each fund's latest monthly portfolio: Navi ELSS Tax Saver Fund, March 2026; Nippon India Index Fund - Nifty 50 Plan, September 2026
Holdings in common
- Overlap
- 36.8%
- Held by both
- 17
- Only in Navi ELSS Tax Saver
- 26
- Only in Nippon India Index Fund - Nifty 50 Plan
- 33
| Security | % of Navi ELSS Tax Saver | % of Nippon India Index Fund - Nifty 50 Plan |
|---|---|---|
| RELIANCE INDUSTRIES LIMITED | 5.70% | 7.60% |
| BHARTI AIRTEL LIMITED | 4.08% | 5.12% |
| ICICI BANK LIMITED | 3.76% | 9.07% |
| STATE BANK OF INDIA | 3.59% | 3.80% |
| AXIS BANK LIMITED | 5.18% | 3.38% |
| HDFC BANK LIMITED | 2.85% | 10.40% |
| INFOSYS LIMITED | 2.72% | 3.36% |
| SUN PHARMACEUTICAL INDUSTRIES LIMITED | 4.22% | 1.84% |
| HINDUSTAN UNILEVER LIMITED | 2.30% | 1.60% |
| TATA CONSULTANCY SERVICES LIMITED | 1.60% | 2.00% |
| SHRIRAM FINANCE LIMITED | 2.79% | 1.32% |
| INTERGLOBE AVIATION LIMITED | 1.80% | 1.08% |
| CIPLA LIMITED | 1.82% | 0.73% |
| MAX HEALTHCARE INSTITUTE LIMITED | 2.64% | 0.66% |
| JIO FINANCIAL SERVICES LIMITED | 0.65% | 0.68% |
| KOTAK MAHINDRA BANK LIMITED | 0.61% | 2.94% |
| TATA CONSUMER PRODUCTS LIMITED | 1.97% | 0.59% |
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 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% |
Largest holdings only in Nippon India Index Fund - Nifty 50 Plan
| Security | % of fund |
|---|---|
| Larsen & Toubro Limited | 4.21% |
| Mahindra & Mahindra Limited | 2.52% |
| Bajaj Finance Limited | 2.51% |
| ITC Limited | 2.43% |
| Eternal Limited | 2.22% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Navi ELSS Tax Saver | Nippon India Index Fund - Nifty 50 Plan |
|---|---|---|
| Equity | 99.9% | 100.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | -0.2% |
Market cap of stocks
| Market cap | Navi ELSS Tax Saver | Nippon India Index Fund - Nifty 50 Plan |
|---|---|---|
| Large Cap | 51.9% | 98.9% |
| Mid Cap | 34.3% | 1.4% |
| Small Cap | 12.8% | 0.0% |
| Not on AMFI's list | 1.0% | 0.0% |
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 | Navi ELSS Tax Saver | Nippon India Index Fund - Nifty 50 Plan |
|---|---|---|
| Banks | 0.0% | 29.6% |
| BANKS | 21.8% | 0.0% |
| IT - SOFTWARE | 8.6% | 0.0% |
| PHARMACEUTICALS & BIOTECHNOLOGY | 8.3% | 0.0% |
| Petroleum Products | 0.0% | 7.6% |
| IT - Software | 0.0% | 7.5% |
| Automobiles | 0.0% | 6.7% |
| FINANCE | 6.6% | 0.0% |
| PETROLEUM PRODUCTS | 5.7% | 0.0% |
| Finance | 0.0% | 5.5% |
| Telecom - Services | 0.0% | 5.1% |
| INDUSTRIAL PRODUCTS | 4.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Navi ELSS Tax Saver vs Nippon India Index Fund - Nifty 50 Plan: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Navi ELSS Tax Saver Fund | Nippon India Index Fund - Nifty 50 Plan |
|---|---|---|
| Total expense ratio (Direct) | 0.53% | 0.15% |
| Base expense ratio (Direct) | 0.45% | 0.06% |
| Total expense ratio (Regular) | 2.47% | 0.49% |
| Base expense ratio (Regular) | 2.10% | 0.35% |
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.
Navi ELSS Tax Saver Fund vs Nippon India Index Fund - Nifty 50 Plan: Frequently Asked Questions
What is the difference between Navi ELSS Tax Saver Fund and Nippon India Index Fund - Nifty 50 Plan?
Navi ELSS Tax Saver Fund is a mutual fund, Nippon India Index Fund - Nifty 50 Plan is a mutual fund, run by Navi Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 36.8%. Navi ELSS Tax Saver Fund charges 0.53% a year and Nippon India Index Fund - Nifty 50 Plan 0.15%.
Which has given higher returns, Navi ELSS Tax Saver Fund or Nippon India Index Fund - Nifty 50 Plan?
Over 1 year: Navi ELSS Tax Saver Fund +7.63%, Nippon India Index Fund - Nifty 50 Plan −10.09%. Over 3 years: Navi ELSS Tax Saver Fund +12.99% a year, Nippon India Index Fund - Nifty 50 Plan +7.43% a year. Over 5 years: Navi ELSS Tax Saver Fund +11.62% a year, Nippon India Index Fund - Nifty 50 Plan +6.47% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Navi ELSS Tax Saver Fund or Nippon India Index Fund - Nifty 50 Plan?
Nippon India Index Fund - Nifty 50 Plan charges less: 0.15% a year against 0.53%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Navi ELSS Tax Saver Fund and Nippon India Index Fund - Nifty 50 Plan 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.
Which is better for SIP, Navi ELSS Tax Saver Fund or Nippon India Index Fund - Nifty 50 Plan?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 10-04-2026 grew to ₹6,57,528 in Navi ELSS Tax Saver Fund (XIRR 7.9% a year) and ₹6,93,860 in Nippon India Index Fund - Nifty 50 Plan (XIRR 5.0% a year). Both received 55 instalments. Past returns do not promise future returns.
Can I invest in both Navi ELSS Tax Saver Fund and Nippon India Index Fund - Nifty 50 Plan?
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.