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    Nippon India ELSS Tax Saver Fund vs SBI ELSS Tax Saver Fund

    Direct Plan, Growth option · Data as on 30-10-2026

    Nippon India ELSS Tax Saver Fund and SBI ELSS Tax Saver Fund are both ELSS funds. In the 3 years to 30-10-2026, Nippon India ELSS Tax Saver Fund (Direct) returned 11.9% a year and SBI ELSS Tax Saver Fund (Direct) returned 13.2% a year. Nippon India ELSS Tax Saver Fund charges 1.13% a year and SBI ELSS Tax Saver Fund 1.23% (Direct plans). Their portfolios overlap 26.6%: they hold 17 of the same securities.

    Nippon India ELSS Tax Saver Fund

    ELSS

    3 year return
    11.9%
    Expense ratio
    1.13%
    NAV
    ₹137.88
    See Nippon India ELSS Tax Saver Fund

    SBI ELSS Tax Saver Fund

    ELSS

    3 year return
    13.2%
    Expense ratio
    1.23%
    NAV
    ₹441.93
    See SBI ELSS Tax Saver Fund

    Which is better, Nippon India ELSS Tax Saver or SBI ELSS Tax Saver? Key differences

    It depends on what you want from the fund. These are the differences in numbers, from the data on this page.

    • SBI ELSS Tax Saver returned more over 5 years: 13.2% a year against 10.6%.
    • SBI ELSS Tax Saver returned more over 3 years: 13.2% a year against 11.9%.
    • Nippon India ELSS Tax Saver costs less: 1.13% a year against 1.23% (Direct plans).
    • SBI ELSS Tax Saver swung less over 3 years: a standard deviation of 13.1% a year against 14.4%.
    • SBI ELSS Tax Saver fell less in its worst fall since 02-01-2013: −38.2% against −51.9%.
    • SBI ELSS Tax Saver is the larger fund: ₹30,027 Cr against ₹14,096 Cr.
    • Their portfolios overlap 26.6%: 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

    FactNippon India ELSS Tax Saver FundSBI ELSS Tax Saver Fund
    Fund houseNippon India Mutual FundSBI Mutual Fund
    CategoryELSSELSS
    AUM₹14,096 Cr (30-09-2026)₹30,027 Cr (30-09-2026)
    NAV₹137.88 (Direct)₹441.93 (Direct)
    Expense ratio (Direct)1.13%1.23%
    Expense ratio (Regular)1.79%1.85%
    RiskometerVery HighVery High
    BenchmarkNifty 500 TRIBSE 500 TRI
    Launch date21-09-200531-03-1993
    Minimum investment₹500₹500
    Lock in3 years3 years
    Fund managersRupesh Patel, Ritesh RathodDinesh Balachandran
    Exit loadNilNil

    Nippon India ELSS Tax Saver vs SBI ELSS Tax Saver: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    Nippon India ELSS Tax Saver Fund (Direct)−0.80%−5.05%−2.86%−5.26%+11.93%+10.64%+10.17%
    SBI ELSS Tax Saver Fund (Direct)−0.50%−7.18%−4.75%−8.94%+13.23%+13.15%+13.59%
    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 SBI ELSS Tax Saver: Year-wise Returns

    YearNippon IndiaNippon India ELSS Tax SaverSBISBI ELSS Tax Saver
    2026to date−4.08%−10.21%
    2025+6.72%+7.28%
    2024+18.43%+28.61%
    2023+29.48%+41.00%
    2022+7.71%+7.58%
    2021+38.58%+31.86%

    Nippon India ELSS Tax Saver vs SBI ELSS Tax Saver: 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, 2,666 of them, one for each trading day from 04-01-2016 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.

    −20%−10%0%10%20%30%40%
    Nov 2013
    to
    Nov 2016    Sept 2015
    to
    Sept 2018    Jul 2017
    to
    Jul 2020    May 2019
    to
    May 2022    Mar 2021
    to
    Mar 2024    Dec 2022
    to
    Dec 2025
    Nippon India ELSS Tax Saver Fund (Direct)SBI ELSS Tax Saver Fund (Direct)Nifty 500 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    Nippon India ELSS Tax Saver10.05.715.517.222.713.715.214.2%15.3%−13.9%37.9%53%
    SBI ELSS Tax Saver3.36.715.117.319.917.220.616.6%17.6%−8.2%35.7%57%
    Nifty 500 TRI1.94.37.837.034.811.32.914.7%14.9%−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 02-01-2013. Past returns do not promise future returns.

    Nippon India ELSS Tax Saver vs SBI ELSS Tax Saver: 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Nippon India ELSS Tax SaverNippon India ELSS Tax Saver Fund (Direct) ₹16,60,000 ₹41,00,345 ₹24,40,345 12.2%
    SBI ELSS Tax SaverSBI ELSS Tax Saver Fund (Direct) ₹16,60,000 ₹48,67,692 ₹32,07,692 14.4%
    ₹0₹20.0 L₹40.0 L₹60.0 L
    2014201620182020202220242026
    Nippon India ELSS Tax SaverNippon India ELSS Tax Saver Fund (Direct)SBI ELSS Tax SaverSBI ELSS Tax Saver Fund (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 SBI ELSS Tax Saver: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureNippon India ELSS Tax Saver Fund (Direct)SBI ELSS Tax Saver Fund (Direct)
    Return (CAGR)+11.93%+13.23%
    Standard deviation14.36%13.11%
    Sharpe ratio0.410.55
    Sortino ratio0.550.75
    Maximum drawdown−20.1% (03-03-2025)−15.8% (07-04-2025)
    Beta0.990.90
    Alpha+1.77%+3.72%

    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.

    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.

    −60%−50%−40%−30%−20%−10%0%
    2014201620182020202220242026
    Nippon India ELSS Tax Saver Fund (Direct)SBI ELSS Tax Saver Fund (Direct)Nifty 500 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Nippon India ELSS Tax Saver Fund (Direct)−51.9%23-01-201823-03-202007-07-202115 months−7.3%
    SBI ELSS Tax Saver Fund (Direct)−38.2%23-01-201823-03-202017-11-20208 months−10.8%
    Nifty 500 TRI−38.1%17-01-202023-03-202006-11-20207 months−8.8%

    From daily values since 02-01-2013, 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 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.

    0%5%10%15%20%25%
    20172019202120232025
    Nippon India ELSS Tax Saver Fund (Direct)SBI ELSS Tax Saver Fund (Direct)Nifty 500 TRI

    Against Nifty 500 TRI

    FundUp captureDown captureTracking error
    Nippon India ELSS Tax Saver Fund (Direct)115%121%7.13%
    SBI ELSS Tax Saver Fund (Direct)101%91%3.81%

    From month-end values since 02-01-2013. 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 SBI ELSS Tax Saver: Portfolio Overlap

    From each fund's latest monthly portfolio: Nippon India ELSS Tax Saver Fund, September 2026; SBI ELSS Tax Saver Fund, September 2026

    Holdings in common

    Overlap
    26.6%
    Held by both
    17
    Only in Nippon India ELSS Tax Saver
    45
    Only in SBI ELSS Tax Saver
    72
    Security% of Nippon India ELSS Tax Saver% of SBI ELSS Tax Saver
    ICICI Bank Limited7.03%6.45%
    HDFC Bank Limited7.89%5.92%
    Reliance Industries Limited2.78%4.65%
    Axis Bank Limited4.09%1.80%
    Bharti Airtel Limited2.85%1.79%
    Kotak Mahindra Bank Limited1.42%6.76%
    Samvardhana Motherson International Limited3.36%1.09%
    TVS Holdings Limited2.28%1.08%
    Mahindra & Mahindra Limited1.67%0.98%
    Infosys Limited2.29%0.88%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.6% means 26.6% 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
    State Bank of India3.34%
    NTPC Limited3.21%
    Radico Khaitan Limited2.63%
    Eternal Limited2.50%
    Divi's Laboratories Limited2.44%

    Largest holdings only in SBI ELSS Tax Saver Fund

    Security% of fund
    Adani Enterprises Ltd.2.93%
    Larsen & Toubro Ltd.2.84%
    Bajaj Finance Ltd.2.65%
    Torrent Power Ltd.2.33%
    Cipla Ltd.2.13%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetNippon India ELSS Tax SaverSBI ELSS Tax Saver
    Equity99.1%95.5%
    Debt0.1%0.2%
    Cash and others0.8%4.3%

    Market cap of stocks

    Market capNippon India ELSS Tax SaverSBI ELSS Tax Saver
    Large Cap64.4%63.3%
    Mid Cap19.9%16.9%
    Small Cap14.8%15.2%
    Not on AMFI's list0.0%0.1%

    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

    SectorNippon India ELSS Tax SaverSBI ELSS Tax Saver
    Banks24.4%23.4%
    Finance7.9%8.6%
    Beverages6.7%0.5%
    Power6.5%4.1%
    Pharmaceuticals & Biotechnology6.1%5.4%
    Retailing5.7%2.8%
    Petroleum Products2.8%4.7%
    Auto Components4.3%4.1%
    IT - Software2.9%4.1%

    The six largest sectors of each fund's stocks, % of the fund.

    Nippon India ELSS Tax Saver vs SBI ELSS Tax Saver: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeNippon India ELSS Tax Saver FundSBI ELSS Tax Saver Fund
    Total expense ratio (Direct)1.13%1.23%
    Base expense ratio (Direct)0.88%0.82%
    Total expense ratio (Regular)1.79%1.85%
    Base expense ratio (Regular)1.46%1.35%

    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.

    More comparisons

    Each fund against the others of its category

    Nippon India ELSS Tax Saver Fund vs SBI ELSS Tax Saver Fund: Frequently Asked Questions

    What is the difference between Nippon India ELSS Tax Saver Fund and SBI ELSS Tax Saver Fund?

    Both are ELSS funds, run by Nippon India Mutual Fund and SBI Mutual Fund. Their portfolios overlap 26.6%. Nippon India ELSS Tax Saver Fund charges 1.13% a year and SBI ELSS Tax Saver Fund 1.23%.

    Which has given higher returns, Nippon India ELSS Tax Saver Fund or SBI ELSS Tax Saver Fund?

    Over 1 year: Nippon India ELSS Tax Saver Fund −5.26%, SBI ELSS Tax Saver Fund −8.94%. Over 3 years: Nippon India ELSS Tax Saver Fund +11.93% a year, SBI ELSS Tax Saver Fund +13.23% a year. Over 5 years: Nippon India ELSS Tax Saver Fund +10.64% a year, SBI ELSS Tax Saver Fund +13.15% 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 SBI ELSS Tax Saver Fund?

    Nippon India ELSS Tax Saver Fund charges less: 1.13% a year against 1.23%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do Nippon India ELSS Tax Saver Fund and SBI ELSS Tax Saver Fund overlap?

    26.6%. They hold 17 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.

    Which is riskier, Nippon India ELSS Tax Saver Fund or SBI ELSS Tax Saver Fund?

    On SEBI's riskometer, Nippon India ELSS Tax Saver Fund is rated Very High and SBI ELSS Tax Saver Fund Very High. Over 3 years, the standard deviation of daily returns was 14.36% and 13.11% a year.

    Which is better for SIP, Nippon India ELSS Tax Saver Fund or SBI ELSS Tax Saver Fund?

    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 ₹8,05,884 in SBI ELSS Tax Saver Fund (XIRR 10.9% 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 SBI ELSS Tax Saver Fund?

    Yes. 26.6% of each fund's money sits in the same holdings, so some of the two investments would move together.

    Who manages Nippon India ELSS Tax Saver Fund and SBI ELSS Tax Saver Fund?

    Nippon India ELSS Tax Saver Fund: Rupesh Patel, Ritesh Rathod. SBI ELSS Tax Saver Fund: Dinesh Balachandran.

    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.

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