Nippon India ETF Nifty 100 vs SBI ELSS Tax Saver Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India ETF Nifty 100 is a mutual fund and SBI ELSS Tax Saver Fund is an ELSS fund. In the 3 years to 30-10-2026, Nippon India ETF Nifty 100 (Direct) returned 8.5% a year and SBI ELSS Tax Saver Fund (Direct) returned 13.2% a year. Nippon India ETF Nifty 100 charges 0.52% a year and SBI ELSS Tax Saver Fund 1.23% (Direct plans). Their portfolios overlap 45.2%: they hold 36 of the same securities.
Nippon India ETF Nifty 100
- 3 year return
- 8.5%
- Expense ratio
- 0.52%
- NAV
- ₹254.51
SBI ELSS Tax Saver Fund
ELSS
- 3 year return
- 13.2%
- Expense ratio
- 1.23%
- NAV
- ₹441.93
Which is better, Nippon India ETF Nifty 100 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 6.7%.
- SBI ELSS Tax Saver returned more over 3 years: 13.2% a year against 8.5%.
- Nippon India ETF Nifty 100 costs less: 0.52% 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 13.7%.
- Nippon India ETF Nifty 100 fell less in its worst fall since 25-03-2013: −38.1% against −38.2%.
- Nippon India ETF Nifty 100 holds more in large companies: 97.9% of the fund in large caps against 63.3%.
- SBI ELSS Tax Saver is the larger fund: ₹30,027 Cr against ₹336 Cr.
- Their portfolios overlap 45.2%: 36 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 ETF Nifty 100 | SBI ELSS Tax Saver Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | SBI Mutual Fund |
| Category | Not available | ELSS |
| AUM | ₹336 Cr (30-09-2026) | ₹30,027 Cr (30-09-2026) |
| NAV | ₹254.51 (Direct) | ₹441.93 (Direct) |
| Expense ratio (Direct) | 0.52% | 1.23% |
| Expense ratio (Regular) | Not available | 1.85% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | BSE 500 TRI |
| Launch date | Not available | 31-03-1993 |
| Minimum investment | Not available | ₹500 |
| Lock in | Not available | 3 years |
| Fund managers | Not available | Dinesh Balachandran |
| Exit load | Not available | Nil |
Nippon India ETF Nifty 100 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.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Nippon India ETF Nifty 100 (Direct) | +1.00% | −5.42% | −3.21% | −9.15% | +8.51% | +6.66% | +10.87% |
| 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 ETF Nifty 100 vs SBI ELSS Tax Saver: Year-wise Returns
| Year | Nippon India ETF Nifty 100Nippon India ETF Nifty 100 | SBI ELSS Tax SaverSBI ELSS Tax Saver |
|---|---|---|
| 2026to date | −9.70% | −10.21% |
| 2025 | +9.67% | +7.28% |
| 2024 | +12.32% | +28.61% |
| 2023 | +20.63% | +41.00% |
| 2022 | +4.38% | +7.58% |
| 2021 | +25.74% | +31.86% |
Nippon India ETF Nifty 100 vs SBI ELSS Tax Saver: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of Nippon India ETF Nifty 100
Rolling returns
Every 3-year holding period, 2,614 of them, one for each trading day from 28-03-2016 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.
Nippon India ETF Nifty 100 (Direct)
SBI ELSS Tax Saver Fund (Direct)
Nifty 100 TRI
to
Jan 2017Nov 2015
to
Nov 2018Sept 2017
to
Sept 2020Jun 2019
to
Jun 2022Apr 2021
to
Apr 2024Dec 2022
to
Dec 2025
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 ETF Nifty 100 | 1.7 | 4.6 | 15.5 | 49.7 | 23.5 | 4.4 | 0.7 | 12.8% | 13.0% | −6.0% | 30.4% | 0% |
| SBI ELSS Tax Saver | 3.3 | 6.8 | 15.5 | 17.1 | 18.7 | 17.6 | 21.0 | 16.6% | 17.8% | −8.2% | 35.7% | 65% |
| Nifty 100 TRI | 0.9 | 3.8 | 10.3 | 47.1 | 31.3 | 5.2 | 1.4 | 13.7% | 13.9% | −5.0% | 31.4% | -- |
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 100 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 25-03-2013. Past returns do not promise future returns.
Nippon India ETF Nifty 100 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
₹10,000 on the first trading day of every month, from 25-03-2013 to 30-10-2026: 164 instalments, ₹16,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India ETF Nifty 100Nippon India ETF Nifty 100 (Direct) | ₹16,40,000 | ₹35,40,213 | ₹19,00,213 | 10.6% |
| SBI ELSS Tax SaverSBI ELSS Tax Saver Fund (Direct) | ₹16,40,000 | ₹47,36,330 | ₹30,96,330 | 14.4% |
Nippon India ETF Nifty 100Nippon India ETF Nifty 100 (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 ETF Nifty 100 vs SBI ELSS Tax Saver: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India ETF Nifty 100 (Direct) | SBI ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.15% | −8.94% |
| Standard deviation | 14.03% | 13.24% |
| Sharpe ratio | -1.03 | -1.07 |
| Sortino ratio | -1.36 | -1.41 |
| Maximum drawdown | −15.0% (31-03-2026) | −14.3% (31-03-2026) |
| Beta | 1.00 | 0.91 |
| Alpha | −0.48% | −2.40% |
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 ETF Nifty 100 (Direct) | SBI ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.51% | +13.23% |
| Standard deviation | 13.68% | 13.11% |
| Sharpe ratio | 0.18 | 0.55 |
| Sortino ratio | 0.25 | 0.75 |
| Maximum drawdown | −17.4% (28-02-2025) | −15.8% (07-04-2025) |
| Beta | 1.00 | 0.90 |
| Alpha | −0.57% | +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.
| Measure | Nippon India ETF Nifty 100 (Direct) | SBI ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.66% | +13.15% |
| Standard deviation | 13.98% | 13.35% |
| Sharpe ratio | 0.06 | 0.55 |
| Sortino ratio | 0.08 | 0.74 |
| Maximum drawdown | −17.4% (28-02-2025) | −16.7% (20-06-2022) |
| Beta | 1.00 | 0.91 |
| Alpha | −0.56% | +4.76% |
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 ETF Nifty 100 (Direct) | SBI ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.89% | +14.52% |
| Standard deviation | 15.82% | 15.05% |
| Sharpe ratio | 0.37 | 0.56 |
| Sortino ratio | 0.51 | 0.76 |
| Maximum drawdown | −38.1% (23-03-2020) | −38.2% (23-03-2020) |
| Beta | 0.99 | 0.93 |
| Alpha | −0.83% | +2.18% |
From daily NAVs, 25-03-2013 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 ETF Nifty 100 (Direct)
SBI ELSS Tax Saver Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Nippon India ETF Nifty 100 (Direct) | −38.1% | 17-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −11.0% |
| SBI ELSS Tax Saver Fund (Direct) | −38.2% | 23-01-2018 | 23-03-2020 | 17-11-2020 | 8 months | −10.8% |
| Nifty 100 TRI | −37.9% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.1% |
From daily values since 25-03-2013, 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 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Nippon India ETF Nifty 100 (Direct)
SBI ELSS Tax Saver Fund (Direct)
Nifty 100 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 ETF Nifty 100 (Direct)
SBI ELSS Tax Saver Fund (Direct)
Nifty 100 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 ETF Nifty 100 (Direct)
SBI ELSS Tax Saver Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Nippon India ETF Nifty 100 (Direct) | 98% | 101% | 0.28% |
| SBI ELSS Tax Saver Fund (Direct) | 105% | 93% | 4.70% |
From month-end values since 25-03-2013. 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 ETF Nifty 100 vs SBI ELSS Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India ETF Nifty 100, September 2026; SBI ELSS Tax Saver Fund, September 2026
Holdings in common
- Overlap
- 45.2%
- Held by both
- 36
- Only in Nippon India ETF Nifty 100
- 64
- Only in SBI ELSS Tax Saver
- 53
| Security | % of Nippon India ETF Nifty 100 | % of SBI ELSS Tax Saver |
|---|---|---|
| ICICI Bank Limited | 7.33% | 6.45% |
| HDFC Bank Limited | 8.41% | 5.92% |
| Reliance Industries Limited | 6.14% | 4.65% |
| Larsen & Toubro Limited | 3.41% | 2.84% |
| Kotak Mahindra Bank Limited | 2.38% | 6.76% |
| Bajaj Finance Limited | 2.03% | 2.65% |
| Axis Bank Limited | 2.73% | 1.80% |
| Bharti Airtel Limited | 4.13% | 1.79% |
| Sun Pharmaceutical Industries Limited | 1.49% | 1.65% |
| Maruti Suzuki India Limited | 1.20% | 1.20% |
| Hindalco Industries Limited | 1.06% | 1.44% |
| Mahindra & Mahindra Limited | 2.04% | 0.98% |
| Tata Consultancy Services Limited | 1.62% | 0.92% |
| Tata Steel Limited | 1.18% | 0.91% |
| Infosys Limited | 2.72% | 0.88% |
| Asian Paints Limited | 0.84% | 1.27% |
| Eicher Motors Limited | 0.76% | 1.04% |
| Adani Enterprises Limited | 0.76% | 2.93% |
| Tech Mahindra Limited | 0.75% | 1.92% |
| Tata Motors Ltd | 0.68% | 1.12% |
| Oil & Natural Gas Corporation Limited | 0.68% | 0.90% |
| Cipla Limited | 0.59% | 2.13% |
| Samvardhana Motherson International Limited | 0.56% | 1.09% |
| Cholamandalam Investment and Finance Company Ltd | 0.54% | 1.40% |
| Cummins India Limited | 0.50% | 0.61% |
| Britannia Industries Limited | 0.44% | 1.19% |
| HDFC Life Insurance Company Limited | 0.43% | 1.77% |
| BSE Limited | 0.98% | 0.41% |
| GAIL (India) Limited | 0.36% | 0.40% |
| Bank of Baroda | 0.33% | 0.57% |
| Adani Energy Solutions Limited | 0.33% | 0.99% |
| Bosch Limited | 0.32% | 0.87% |
| Godrej Consumer Products Limited | 0.26% | 0.57% |
| Muthoot Finance Limited | 0.23% | 1.15% |
| Solar Industries India Limited | 0.37% | 0.08% |
| Tata Capital Limited | 0.14% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.2% means 45.2% 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 ETF Nifty 100
| Security | % of fund |
|---|---|
| State Bank of India | 3.07% |
| ITC Limited | 1.96% |
| Eternal Limited | 1.79% |
| Titan Company Limited | 1.47% |
| Hindustan Unilever Limited | 1.29% |
Largest holdings only in SBI ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Torrent Power Ltd. | 2.33% |
| FSN E-Commerce Ventures Ltd. | 1.92% |
| AIA Engineering Ltd. | 1.39% |
| Grindwell Norton Ltd. | 1.25% |
| TVS Holdings Ltd. | 1.08% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India ETF Nifty 100 | SBI ELSS Tax Saver |
|---|---|---|
| Equity | 99.9% | 95.5% |
| Debt | 0.0% | 0.2% |
| Cash and others | 0.1% | 4.3% |
Market cap of stocks
| Market cap | Nippon India ETF Nifty 100 | SBI ELSS Tax Saver |
|---|---|---|
| Large Cap | 97.9% | 63.3% |
| Mid Cap | 2.0% | 16.9% |
| Small Cap | 0.0% | 15.2% |
| Not on AMFI's list | 0.0% | 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
| Sector | Nippon India ETF Nifty 100 | SBI ELSS Tax Saver |
|---|---|---|
| Banks | 25.1% | 23.4% |
| Finance | 6.2% | 8.6% |
| Petroleum Products | 7.0% | 4.7% |
| IT - Software | 6.7% | 4.1% |
| Automobiles | 6.3% | 3.2% |
| Pharmaceuticals & Biotechnology | 4.3% | 5.4% |
| Telecom - Services | 4.4% | 2.7% |
| Auto Components | 0.9% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India ETF Nifty 100 vs SBI ELSS Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India ETF Nifty 100 | SBI ELSS Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.52% | 1.23% |
| Base expense ratio (Direct) | 0.43% | 0.82% |
| Total expense ratio (Regular) | Not available | 1.85% |
| Base expense ratio (Regular) | 0.00% | 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 ETF Nifty 100 vs SBI ELSS Tax Saver Fund: Frequently Asked Questions
What is the difference between Nippon India ETF Nifty 100 and SBI ELSS Tax Saver Fund?
Nippon India ETF Nifty 100 is a mutual fund, SBI ELSS Tax Saver Fund is an ELSS fund, run by Nippon India Mutual Fund and SBI Mutual Fund. Their portfolios overlap 45.2%. Nippon India ETF Nifty 100 charges 0.52% a year and SBI ELSS Tax Saver Fund 1.23%.
Which has given higher returns, Nippon India ETF Nifty 100 or SBI ELSS Tax Saver Fund?
Over 1 year: Nippon India ETF Nifty 100 −9.15%, SBI ELSS Tax Saver Fund −8.94%. Over 3 years: Nippon India ETF Nifty 100 +8.51% a year, SBI ELSS Tax Saver Fund +13.23% a year. Over 5 years: Nippon India ETF Nifty 100 +6.66% 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 ETF Nifty 100 or SBI ELSS Tax Saver Fund?
Nippon India ETF Nifty 100 charges less: 0.52% a year against 1.23%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India ETF Nifty 100 and SBI ELSS Tax Saver Fund overlap?
45.2%. They hold 36 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is better for SIP, Nippon India ETF Nifty 100 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 ₹7,00,774 in Nippon India ETF Nifty 100 (XIRR 5.4% 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 ETF Nifty 100 and SBI ELSS Tax Saver Fund?
Yes. 45.2% 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.