Nippon India ELSS Tax Saver Fund vs Nippon India Retirement Fund- Wealth Creation Scheme
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India ELSS Tax Saver Fund is an ELSS fund and Nippon India Retirement Fund- Wealth Creation Scheme is a mutual fund. In the 3 years to 30-10-2026, Nippon India ELSS Tax Saver Fund (Direct) returned 11.9% a year and Nippon India Retirement Fund- Wealth Creation Scheme (Direct) returned 9.8% a year. Nippon India ELSS Tax Saver Fund charges 1.13% a year and Nippon India Retirement Fund- Wealth Creation Scheme 1.27% (Direct plans). Their portfolios overlap 48.6%: they hold 30 of the same securities.
Nippon India ELSS Tax Saver Fund
ELSS
- 3 year return
- 11.9%
- Expense ratio
- 1.13%
- NAV
- ₹137.88
Nippon India Retirement Fund- Wealth Creation Scheme
- 3 year return
- 9.8%
- Expense ratio
- 1.27%
- NAV
- ₹30.44
Which is better, Nippon India ELSS Tax Saver or Nippon India Retirement Fund- Wealth Creation Scheme? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India ELSS Tax Saver returned more over 5 years: 10.6% a year against 9.3%.
- Nippon India ELSS Tax Saver returned more over 3 years: 11.9% a year against 9.8%.
- Nippon India ELSS Tax Saver costs less: 1.13% a year against 1.27% (Direct plans).
- Nippon India ELSS Tax Saver swung less over 3 years: a standard deviation of 14.4% a year against 14.5%.
- Nippon India Retirement Fund- Wealth Creation Scheme fell less in its worst fall since 13-02-2015: −44.9% against −51.9%.
- Nippon India ELSS Tax Saver is the larger fund: ₹14,096 Cr against ₹2,939 Cr.
- Their portfolios overlap 48.6%: 30 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 | Nippon India ELSS Tax Saver Fund | Nippon India Retirement Fund- Wealth Creation Scheme |
|---|---|---|
| Fund house | Nippon India Mutual Fund | Nippon India Mutual Fund |
| Category | ELSS | Not available |
| AUM | ₹14,096 Cr (30-09-2026) | ₹2,939 Cr (30-09-2026) |
| NAV | ₹137.88 (Direct) | ₹30.44 (Direct) |
| Expense ratio (Direct) | 1.13% | 1.27% |
| Expense ratio (Regular) | 1.79% | 2.24% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 500 TRI | Not available |
| Launch date | 21-09-2005 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | 3 years | Not available |
| Fund managers | Rupesh Patel, Ritesh Rathod | Not available |
| Exit load | Nil | Not available |
Nippon India ELSS Tax Saver vs Nippon India Retirement Fund- Wealth Creation Scheme: 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 |
|---|---|---|---|---|---|---|---|
| Nippon India ELSS Tax Saver Fund (Direct) | −0.80% | −5.05% | −2.86% | −5.26% | +11.93% | +10.64% | +10.17% |
| Nippon India Retirement Fund- Wealth Creation Scheme (Direct) | −2.17% | −7.48% | −4.28% | −8.68% | +9.81% | +9.35% | +10.57% |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
Category average: the average of the 50 ELSS funds, same plan type.
Nippon India ELSS Tax Saver vs Nippon India Retirement Fund- Wealth Creation Scheme: Year-wise Returns
| Year | ELSS Tax SaverNippon India ELSS Tax Saver | Retirement Fund- Wealth Creation SchemeNippon India Retirement Fund- Wealth Creation Scheme |
|---|---|---|
| 2026to date | −4.08% | −7.05% |
| 2025 | +6.72% | +2.00% |
| 2024 | +18.43% | +21.64% |
| 2023 | +29.48% | +32.38% |
| 2022 | +7.71% | +2.66% |
| 2021 | +38.58% | +33.45% |
Nippon India ELSS Tax Saver vs Nippon India Retirement Fund- Wealth Creation Scheme: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Nippon India ELSS Tax Saver Fund
Rolling returns
Every 3-year holding period, 2,144 of them, one for each trading day from 14-02-2018 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.
Nippon India ELSS Tax Saver Fund (Direct)
Nippon India Retirement Fund- Wealth Creation Scheme (Direct)
Nifty 500 TRI
to
Oct 2018Apr 2017
to
Apr 2020Oct 2018
to
Oct 2021Apr 2020
to
Apr 2023Sept 2021
to
Sept 2024Feb 2023
to
Feb 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India ELSS Tax Saver | 12.5 | 7.1 | 19.3 | 17.4 | 22.8 | 13.4 | 7.5 | 12.0% | 13.6% | −13.9% | 32.8% | 41% |
| Nippon India Retirement Fund- Wealth Creation Scheme | 9.3 | 4.8 | 16.7 | 31.3 | 17.9 | 16.5 | 3.5 | 12.8% | 13.0% | −10.7% | 31.3% | 40% |
| Nifty 500 TRI | 2.4 | 5.4 | 9.0 | 32.1 | 35.3 | 12.4 | 3.6 | 14.8% | 15.2% | −6.3% | 33.5% | -- |
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 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 13-02-2015. Past returns do not promise future returns.
Nippon India ELSS Tax Saver vs Nippon India Retirement Fund- Wealth Creation Scheme: 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 02-02-2015 to 30-10-2026: 141 instalments, ₹14,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India ELSS Tax SaverNippon India ELSS Tax Saver Fund (Direct) | ₹14,10,000 | ₹28,31,286 | ₹14,21,286 | 11.3% |
| Nippon India Retirement Fund- Wealth Creation SchemeNippon India Retirement Fund- Wealth Creation Scheme (Direct) | ₹14,10,000 | ₹27,32,834 | ₹13,22,834 | 10.7% |
Nippon India ELSS Tax SaverNippon India ELSS Tax Saver Fund (Direct)
Nippon India Retirement Fund- Wealth Creation SchemeNippon India Retirement Fund- Wealth Creation Scheme (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.
Nippon India ELSS Tax Saver vs Nippon India Retirement Fund- Wealth Creation Scheme: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India ELSS Tax Saver Fund (Direct) | Nippon India Retirement Fund- Wealth Creation Scheme (Direct) |
|---|---|---|
| Return (CAGR) | −5.26% | −8.68% |
| Standard deviation | 13.91% | 14.74% |
| Sharpe ratio | -0.76 | -0.94 |
| Sortino ratio | -1.01 | -1.26 |
| Maximum drawdown | −11.9% (31-03-2026) | −13.4% (31-03-2026) |
| Beta | 0.95 | 1.02 |
| Alpha | +1.43% | −0.78% |
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 | Nippon India ELSS Tax Saver Fund (Direct) | Nippon India Retirement Fund- Wealth Creation Scheme (Direct) |
|---|---|---|
| Return (CAGR) | +11.93% | +9.81% |
| Standard deviation | 14.36% | 14.50% |
| Sharpe ratio | 0.41 | 0.26 |
| Sortino ratio | 0.55 | 0.35 |
| Maximum drawdown | −20.1% (03-03-2025) | −18.3% (28-02-2025) |
| Beta | 0.99 | 1.01 |
| Alpha | +1.77% | −0.11% |
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 | Nippon India ELSS Tax Saver Fund (Direct) | Nippon India Retirement Fund- Wealth Creation Scheme (Direct) |
|---|---|---|
| Return (CAGR) | +10.64% | +9.35% |
| Standard deviation | 14.50% | 14.44% |
| Sharpe ratio | 0.33 | 0.25 |
| Sortino ratio | 0.45 | 0.33 |
| Maximum drawdown | −20.1% (03-03-2025) | −18.5% (17-06-2022) |
| Beta | 0.99 | 0.99 |
| Alpha | +1.85% | +0.71% |
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 | Nippon India ELSS Tax Saver Fund (Direct) | Nippon India Retirement Fund- Wealth Creation Scheme (Direct) |
|---|---|---|
| Return (CAGR) | +13.19% | +9.93% |
| Standard deviation | 17.32% | 16.26% |
| Sharpe ratio | 0.41 | 0.26 |
| Sortino ratio | 0.56 | 0.35 |
| Maximum drawdown | −51.9% (23-03-2020) | −44.9% (23-03-2020) |
| Beta | 1.03 | 1.00 |
| Alpha | +0.19% | −1.33% |
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.
Nippon India ELSS Tax Saver Fund (Direct)
Nippon India Retirement Fund- Wealth Creation Scheme (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Nippon India ELSS Tax Saver Fund (Direct) | −51.9% | 23-01-2018 | 23-03-2020 | 07-07-2021 | 15 months | −7.3% |
| Nippon India Retirement Fund- Wealth Creation Scheme (Direct) | −44.9% | 23-01-2018 | 23-03-2020 | 11-01-2021 | 10 months | −11.2% |
| Nifty 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −8.8% |
From daily values since 13-02-2015, 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.
Nippon India ELSS Tax Saver Fund (Direct)
Nippon India Retirement Fund- Wealth Creation Scheme (Direct)
Nifty 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.
Nippon India ELSS Tax Saver Fund (Direct)
Nippon India Retirement Fund- Wealth Creation Scheme (Direct)
Nifty 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.
Nippon India ELSS Tax Saver Fund (Direct)
Nippon India Retirement Fund- Wealth Creation Scheme (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Nippon India ELSS Tax Saver Fund (Direct) | 106% | 121% | 5.66% |
| Nippon India Retirement Fund- Wealth Creation Scheme (Direct) | 98% | 103% | 3.64% |
From month-end values since 13-02-2015. 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.
Nippon India ELSS Tax Saver vs Nippon India Retirement Fund- Wealth Creation Scheme: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India ELSS Tax Saver Fund, September 2026; Nippon India Retirement Fund- Wealth Creation Scheme, September 2026
Holdings in common
- Overlap
- 48.6%
- Held by both
- 30
- Only in Nippon India ELSS Tax Saver
- 32
- Only in Nippon India Retirement Fund- Wealth Creation Scheme
- 41
| Security | % of Nippon India ELSS Tax Saver | % of Nippon India Retirement Fund- Wealth Creation Scheme |
|---|---|---|
| HDFC Bank Limited | 7.89% | 7.72% |
| ICICI Bank Limited | 7.03% | 6.89% |
| Axis Bank Limited | 4.09% | 4.17% |
| State Bank of India | 3.34% | 2.94% |
| Reliance Industries Limited | 2.78% | 4.14% |
| Infosys Limited | 2.29% | 3.72% |
| Varun Beverages Limited | 1.87% | 1.91% |
| Mahindra & Mahindra Limited | 1.67% | 3.27% |
| Eternal Limited | 2.50% | 1.52% |
| United Spirits Limited | 1.54% | 1.27% |
| The Indian Hotels Company Limited | 1.59% | 1.24% |
| Max Financial Services Limited | 1.17% | 1.29% |
| NLC India Limited | 1.38% | 1.15% |
| Titan Company Limited | 1.04% | 1.03% |
| Indus Towers Limited | 1.01% | 1.66% |
| Gland Pharma Limited | 2.06% | 0.99% |
| Healthcare Global Enterprises Limited | 1.75% | 0.94% |
| Tata Power Company Limited | 1.35% | 0.89% |
| Info Edge (India) Limited | 0.82% | 1.68% |
| Power Finance Corporation Limited | 2.10% | 0.81% |
| Crompton Greaves Consumer Electricals Limited | 0.74% | 0.92% |
| Ambuja Cements Limited | 0.72% | 1.32% |
| Mankind Pharma Limited | 1.59% | 0.65% |
| Hindustan Aeronautics Limited | 0.64% | 2.14% |
| Avenue Supermarts Limited | 1.54% | 0.63% |
| Samvardhana Motherson International Limited | 3.36% | 0.56% |
| NTPC Green Energy Limited | 0.51% | 1.68% |
| Blue Star Limited | 0.36% | 1.29% |
| InterGlobe Aviation Limited | 0.35% | 1.70% |
| United Breweries Limited | 0.66% | 0.32% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.6% means 48.6% 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 Nippon India ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| NTPC Limited | 3.21% |
| Bharti Airtel Limited | 2.85% |
| Radico Khaitan Limited | 2.63% |
| Divi's Laboratories Limited | 2.44% |
| TVS Holdings Limited | 2.28% |
Largest holdings only in Nippon India Retirement Fund- Wealth Creation Scheme
| Security | % of fund |
|---|---|
| JSW Energy Limited | 3.03% |
| Alkem Laboratories Limited | 2.26% |
| Vedanta Aluminium Metal Limited | 2.01% |
| HDFC Asset Management Company Limited | 1.91% |
| Cholamandalam Investment and Finance Company Ltd | 1.51% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India ELSS Tax Saver | Nippon India Retirement Fund- Wealth Creation Scheme |
|---|---|---|
| Equity | 99.1% | 98.9% |
| Debt | 0.1% | 0.0% |
| Cash and others | 0.8% | 1.1% |
Market cap of stocks
| Market cap | Nippon India ELSS Tax Saver | Nippon India Retirement Fund- Wealth Creation Scheme |
|---|---|---|
| Large Cap | 64.4% | 61.5% |
| Mid Cap | 19.9% | 26.1% |
| Small Cap | 14.8% | 10.3% |
| Not on AMFI's list | 0.0% | 1.1% |
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 | Nippon India ELSS Tax Saver | Nippon India Retirement Fund- Wealth Creation Scheme |
|---|---|---|
| Banks | 24.4% | 22.0% |
| Finance | 7.9% | 5.4% |
| Power | 6.5% | 6.8% |
| Beverages | 6.7% | 3.5% |
| Pharmaceuticals & Biotechnology | 6.1% | 5.5% |
| Retailing | 5.7% | 5.3% |
| IT - Software | 2.9% | 4.6% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India ELSS Tax Saver vs Nippon India Retirement Fund- Wealth Creation Scheme: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India ELSS Tax Saver Fund | Nippon India Retirement Fund- Wealth Creation Scheme |
|---|---|---|
| Total expense ratio (Direct) | 1.13% | 1.27% |
| Base expense ratio (Direct) | 0.88% | 0.87% |
| Total expense ratio (Regular) | 1.79% | 2.24% |
| Base expense ratio (Regular) | 1.46% | 1.69% |
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 Nippon India ELSS Tax Saver with
Nippon India ELSS Tax Saver Fund vs Nippon India Retirement Fund- Wealth Creation Scheme: Frequently Asked Questions
What is the difference between Nippon India ELSS Tax Saver Fund and Nippon India Retirement Fund- Wealth Creation Scheme?
Nippon India ELSS Tax Saver Fund is an ELSS fund, Nippon India Retirement Fund- Wealth Creation Scheme is a mutual fund, run by Nippon India Mutual Fund. Their portfolios overlap 48.6%. Nippon India ELSS Tax Saver Fund charges 1.13% a year and Nippon India Retirement Fund- Wealth Creation Scheme 1.27%.
Which has given higher returns, Nippon India ELSS Tax Saver Fund or Nippon India Retirement Fund- Wealth Creation Scheme?
Over 1 year: Nippon India ELSS Tax Saver Fund −5.26%, Nippon India Retirement Fund- Wealth Creation Scheme −8.68%. Over 3 years: Nippon India ELSS Tax Saver Fund +11.93% a year, Nippon India Retirement Fund- Wealth Creation Scheme +9.81% a year. Over 5 years: Nippon India ELSS Tax Saver Fund +10.64% a year, Nippon India Retirement Fund- Wealth Creation Scheme +9.35% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India ELSS Tax Saver Fund or Nippon India Retirement Fund- Wealth Creation Scheme?
Nippon India ELSS Tax Saver Fund charges less: 1.13% a year against 1.27%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India ELSS Tax Saver Fund and Nippon India Retirement Fund- Wealth Creation Scheme overlap?
48.6%. They hold 30 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is better for SIP, Nippon India ELSS Tax Saver Fund or Nippon India Retirement Fund- Wealth Creation Scheme?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,76,675 in Nippon India ELSS Tax Saver Fund (XIRR 9.5% a year) and ₹7,44,356 in Nippon India Retirement Fund- Wealth Creation Scheme (XIRR 7.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Nippon India ELSS Tax Saver Fund and Nippon India Retirement Fund- Wealth Creation Scheme?
Yes. 48.6% of each fund's money sits in the same holdings, so a large part 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.