SBI Dividend Yield Fund vs SBI ELSS Tax Saver Fund
Direct Plan, Growth option · Data as on 30-10-2026
SBI Dividend Yield Fund is a Dividend Yield fund and SBI ELSS Tax Saver Fund is an ELSS fund. In the 3 years to 30-10-2026, SBI Dividend Yield Fund (Direct) returned 10.7% a year and SBI ELSS Tax Saver Fund (Direct) returned 13.2% a year. SBI Dividend Yield Fund charges 1.12% a year and SBI ELSS Tax Saver Fund 1.23% (Direct plans). Their portfolios overlap 30.5%: they hold 23 of the same securities.
SBI Dividend Yield Fund
Dividend Yield
- 3 year return
- 10.7%
- Expense ratio
- 1.12%
- NAV
- ₹15.46
SBI ELSS Tax Saver Fund
ELSS
- 3 year return
- 13.2%
- Expense ratio
- 1.23%
- NAV
- ₹441.93
Which is better, SBI Dividend Yield 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 3 years: 13.2% a year against 10.7%.
- SBI Dividend Yield returned more over 1 year: −2.7% against −8.9%.
- SBI Dividend Yield costs less: 1.12% a year against 1.23% (Direct plans).
- SBI Dividend Yield swung less over 3 years: a standard deviation of 12.4% a year against 13.1%.
- SBI ELSS Tax Saver fell less in its worst fall since 17-03-2023: −15.8% against −17.9%.
- SBI ELSS Tax Saver holds more in large companies: 63.3% of the fund in large caps against 52.5%.
- SBI ELSS Tax Saver is the larger fund: ₹30,027 Cr against ₹8,059 Cr.
- Their portfolios overlap 30.5%: 23 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 | SBI Dividend Yield Fund | SBI ELSS Tax Saver Fund |
|---|---|---|
| Fund house | SBI Mutual Fund | SBI Mutual Fund |
| Category | Dividend Yield | ELSS |
| AUM | ₹8,059 Cr (30-09-2026) | ₹30,027 Cr (30-09-2026) |
| NAV | ₹15.46 (Direct) | ₹441.93 (Direct) |
| Expense ratio (Direct) | 1.12% | 1.23% |
| Expense ratio (Regular) | 2.05% | 1.85% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | BSE 500 TRI |
| Launch date | 14-03-2023 | 31-03-1993 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | 3 years |
| Fund managers | Rohit Shimpi | Dinesh Balachandran |
| Exit load | Exit load of 1%, if redeemed within 30 days. | Nil |
SBI Dividend Yield 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 |
|---|---|---|---|---|---|---|---|
| SBI Dividend Yield Fund (Direct) | −1.20% | −5.18% | +0.35% | −2.68% | +10.74% | -- | -- |
| SBI ELSS Tax Saver Fund (Direct) | −0.50% | −7.18% | −4.75% | −8.94% | +13.23% | +13.15% | +13.59% |
| Dividend Yield average | −1.57% | −5.69% | −3.24% | −5.57% | +12.14% | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
Category average: the average of the 12 Dividend Yield funds and the 50 ELSS funds, same plan type.
SBI Dividend Yield vs SBI ELSS Tax Saver: Year-wise Returns
| Year | Dividend YieldSBI Dividend Yield | ELSS Tax SaverSBI ELSS Tax Saver |
|---|---|---|
| 2026to date | −3.86% | −10.21% |
| 2025 | +7.04% | +7.28% |
| 2024 | +15.75% | +28.61% |
| 2023 | -- | +41.00% |
| 2022 | -- | +7.58% |
| 2021 | -- | +31.86% |
SBI Dividend Yield vs SBI ELSS Tax Saver: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of SBI Dividend Yield Fund
Rolling returns
Every 3-year holding period, 154 of them, one for each trading day from 17-03-2026 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.
SBI Dividend Yield Fund (Direct)
SBI ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
to
Apr 2026May 2023
to
May 2026Jun 2023
to
Jun 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI Dividend Yield | 0.0 | 0.0 | 8.4 | 88.3 | 3.2 | 0.0 | 0.0 | 12.6% | 12.9% | 9.0% | 15.8% | 41% |
| SBI ELSS Tax Saver | 0.0 | 0.0 | 0.0 | 23.4 | 46.1 | 30.5 | 0.0 | 17.6% | 18.0% | 11.9% | 23.1% | 100% |
| Nifty 500 TRI | 0.0 | 0.0 | 12.3 | 71.4 | 16.2 | 0.0 | 0.0 | 12.9% | 13.1% | 8.8% | 16.9% | -- |
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 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 17-03-2023. Past returns do not promise future returns.
SBI Dividend Yield 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 17-03-2023 to 30-10-2026: 44 instalments, ₹4,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| SBI Dividend YieldSBI Dividend Yield Fund (Direct) | ₹4,40,000 | ₹4,88,022 | ₹48,022 | 5.6% |
| SBI ELSS Tax SaverSBI ELSS Tax Saver Fund (Direct) | ₹4,40,000 | ₹4,88,596 | ₹48,596 | 5.7% |
SBI Dividend YieldSBI Dividend Yield 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.
SBI Dividend Yield 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 | SBI Dividend Yield Fund (Direct) | SBI ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.68% | −8.94% |
| Standard deviation | 12.28% | 13.24% |
| Sharpe ratio | -0.64 | -1.07 |
| Sortino ratio | -0.86 | -1.41 |
| Maximum drawdown | −12.6% (23-03-2026) | −14.3% (31-03-2026) |
| Beta | 0.82 | 0.91 |
| Alpha | +2.39% | −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 | SBI Dividend Yield Fund (Direct) | SBI ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.74% | +13.23% |
| Standard deviation | 12.44% | 13.11% |
| Sharpe ratio | 0.38 | 0.55 |
| Sortino ratio | 0.52 | 0.75 |
| Maximum drawdown | −17.9% (07-04-2025) | −15.8% (07-04-2025) |
| Beta | 0.84 | 0.90 |
| Alpha | +1.20% | +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 | SBI Dividend Yield Fund (Direct) | SBI ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.65% | +14.52% |
| Standard deviation | 11.77% | 15.05% |
| Sharpe ratio | 0.55 | 0.56 |
| Sortino ratio | 0.76 | 0.76 |
| Maximum drawdown | −17.9% (07-04-2025) | −38.2% (23-03-2020) |
| Beta | 0.84 | 0.93 |
| Alpha | +0.47% | +2.18% |
From daily NAVs, 17-03-2023 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.
SBI Dividend Yield Fund (Direct)
SBI ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| SBI Dividend Yield Fund (Direct) | −17.9% | 26-09-2024 | 07-04-2025 | 05-08-2026 | 16 months | −6.6% |
| SBI ELSS Tax Saver Fund (Direct) | −15.8% | 27-09-2024 | 07-04-2025 | 02-01-2026 | 9 months | −10.8% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 17-03-2023, 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.
SBI Dividend Yield Fund (Direct)
SBI ELSS Tax Saver Fund (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.
SBI Dividend Yield Fund (Direct)
SBI ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| SBI Dividend Yield Fund (Direct) | 91% | 88% | 4.16% |
| SBI ELSS Tax Saver Fund (Direct) | 109% | 90% | 3.90% |
From month-end values since 17-03-2023. 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.
SBI Dividend Yield vs SBI ELSS Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: SBI Dividend Yield Fund, September 2026; SBI ELSS Tax Saver Fund, September 2026
Holdings in common
- Overlap
- 30.5%
- Held by both
- 23
- Only in SBI Dividend Yield
- 36
- Only in SBI ELSS Tax Saver
- 66
| Security | % of SBI Dividend Yield | % of SBI ELSS Tax Saver |
|---|---|---|
| ICICI Bank Ltd. | 4.76% | 6.45% |
| Kotak Mahindra Bank Ltd. | 3.42% | 6.76% |
| Larsen & Toubro Ltd. | 3.88% | 2.84% |
| Adani Enterprises Ltd. | 2.44% | 2.93% |
| Tech Mahindra Ltd. | 2.06% | 1.92% |
| Sun Pharmaceutical Industries Ltd. | 2.03% | 1.65% |
| Cholamandalam Investment & Finance Co. Ltd. | 2.29% | 1.40% |
| Bharti Airtel Ltd. | 1.31% | 1.79% |
| Asian Paints Ltd. | 1.49% | 1.27% |
| Grindwell Norton Ltd. | 1.66% | 1.25% |
| Britannia Industries Ltd. | 1.29% | 1.19% |
| Eicher Motors Ltd. | 1.79% | 1.04% |
| Mahindra & Mahindra Ltd. | 2.20% | 0.98% |
| Manappuram Finance Ltd. | 1.85% | 0.92% |
| Oil & Natural Gas Corporation Ltd. | 1.13% | 0.90% |
| Aurobindo Pharma Ltd. | 2.49% | 0.84% |
| JSW Energy Ltd. | 0.58% | 0.74% |
| Biocon Ltd. | 1.86% | 0.50% |
| Fortis Healthcare Ltd. | 1.44% | 0.45% |
| GAIL (India) Ltd. | 1.06% | 0.40% |
| Bosch Ltd. | 0.18% | 0.87% |
| Timken India Ltd. | 1.17% | 0.17% |
| 364 DAY T-BILL 19.11.26 | 0.06% | 0.13% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.5% means 30.5% 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 SBI Dividend Yield Fund
| Security | % of fund |
|---|---|
| Acme Solar Holdings Ltd. | 4.07% |
| Life Insurance Corporation of India | 3.85% |
| Embassy Office Parks Reit | 2.65% |
| Interglobe Aviation Ltd. | 2.60% |
| Nexus Select Trust | 2.49% |
Largest holdings only in SBI ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 5.92% |
| Reliance Industries Ltd. | 4.65% |
| 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
| Asset | SBI Dividend Yield | SBI ELSS Tax Saver |
|---|---|---|
| Equity | 90.2% | 95.5% |
| Debt | 0.1% | 0.2% |
| Cash and others | 9.7% | 4.3% |
Market cap of stocks
| Market cap | SBI Dividend Yield | SBI ELSS Tax Saver |
|---|---|---|
| Large Cap | 52.5% | 63.3% |
| Mid Cap | 19.0% | 16.9% |
| Small Cap | 18.7% | 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 | SBI Dividend Yield | SBI ELSS Tax Saver |
|---|---|---|
| Banks | 8.2% | 23.4% |
| Pharmaceuticals & Biotechnology | 12.8% | 5.4% |
| Finance | 4.1% | 8.6% |
| Automobiles | 6.9% | 3.2% |
| Power | 6.4% | 4.1% |
| Transport Services | 5.5% | 0.8% |
| Petroleum Products | 0.0% | 4.7% |
| Healthcare Services | 4.4% | 0.8% |
| IT - Software | 3.6% | 4.1% |
| Auto Components | 3.2% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
SBI Dividend Yield vs SBI ELSS Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI Dividend Yield Fund | SBI ELSS Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.12% | 1.23% |
| Base expense ratio (Direct) | 0.73% | 0.82% |
| Total expense ratio (Regular) | 2.05% | 1.85% |
| Base expense ratio (Regular) | 1.53% | 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
Compare SBI Dividend Yield with
SBI Dividend Yield Fund vs SBI ELSS Tax Saver Fund: Frequently Asked Questions
What is the difference between SBI Dividend Yield Fund and SBI ELSS Tax Saver Fund?
SBI Dividend Yield Fund is a Dividend Yield fund, SBI ELSS Tax Saver Fund is an ELSS fund, run by SBI Mutual Fund. Their portfolios overlap 30.5%. SBI Dividend Yield Fund charges 1.12% a year and SBI ELSS Tax Saver Fund 1.23%.
Which has given higher returns, SBI Dividend Yield Fund or SBI ELSS Tax Saver Fund?
Over 1 year: SBI Dividend Yield Fund −2.68%, SBI ELSS Tax Saver Fund −8.94%. Over 3 years: SBI Dividend Yield Fund +10.74% a year, SBI ELSS Tax Saver Fund +13.23% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, SBI Dividend Yield Fund or SBI ELSS Tax Saver Fund?
SBI Dividend Yield Fund charges less: 1.12% a year against 1.23%. These are the Direct plans' total expense ratios reported to AMFI.
How much do SBI Dividend Yield Fund and SBI ELSS Tax Saver Fund overlap?
30.5%. They hold 23 of the same securities, the largest shared ones being ICICIBANK, KOTAKBANK, LT. From each fund's latest monthly portfolio.
Which is riskier, SBI Dividend Yield Fund or SBI ELSS Tax Saver Fund?
On SEBI's riskometer, SBI Dividend Yield Fund is rated Very High and SBI ELSS Tax Saver Fund Very High. Over 3 years, the standard deviation of daily returns was 12.44% and 13.11% a year.
Which is better for SIP, SBI Dividend Yield Fund or SBI ELSS Tax Saver Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,87,150 in SBI Dividend Yield Fund (XIRR 2.9% a year) and ₹3,75,333 in SBI ELSS Tax Saver Fund (XIRR 0.9% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both SBI Dividend Yield Fund and SBI ELSS Tax Saver Fund?
Yes. 30.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages SBI Dividend Yield Fund and SBI ELSS Tax Saver Fund?
SBI Dividend Yield Fund: Rohit Shimpi. 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.