Sundaram ELSS Tax Saver Fund vs Sundaram Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
Sundaram ELSS Tax Saver Fund is an ELSS fund and Sundaram Value Fund is a Value and Contra fund. In the 3 years to 30-10-2026, Sundaram ELSS Tax Saver Fund (Direct) returned 8.0% a year and Sundaram Value Fund (Direct) returned 6.2% a year. Sundaram ELSS Tax Saver Fund charges 1.78% a year and Sundaram Value Fund 1.77% (Direct plans). Their portfolios overlap 58.3%: they hold 27 of the same securities.
Sundaram ELSS Tax Saver Fund
ELSS
- 3 year return
- 8.0%
- Expense ratio
- 1.78%
- NAV
- ₹501.52
Sundaram Value Fund
Value and Contra
- 3 year return
- 6.2%
- Expense ratio
- 1.77%
- NAV
- ₹211.75
Which is better, Sundaram ELSS Tax Saver or Sundaram Value? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Sundaram ELSS Tax Saver returned more over 3 years: 8.0% a year against 6.2%.
- Sundaram ELSS Tax Saver returned more over 1 year: −10.8% against −11.7%.
- Sundaram Value costs less: 1.77% a year against 1.78% (Direct plans).
- Sundaram Value swung less over 3 years: a standard deviation of 12.9% a year against 13.1%.
- Sundaram Value fell less in its worst fall since 03-01-2022: −16.3% against −16.7%.
- Sundaram Value is the larger fund: ₹1,217 Cr against ₹1,212 Cr.
- Their portfolios overlap 58.3%: 27 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 | Sundaram ELSS Tax Saver Fund | Sundaram Value Fund |
|---|---|---|
| Fund house | Sundaram Mutual Fund | Sundaram Mutual Fund |
| Category | ELSS | Value and Contra |
| AUM | ₹1,212 Cr (30-09-2026) | ₹1,217 Cr (30-09-2026) |
| NAV | ₹501.52 (Direct) | ₹211.75 (Direct) |
| Expense ratio (Direct) | 1.78% | 1.77% |
| Expense ratio (Regular) | 2.32% | 2.29% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 02-01-2013 | 01-11-1999 |
| Minimum investment | New Investor – Rs.500/- | Regular Plan & Direct Plan Options: For first investment – Rs. 100/- |
| Lock in | 3 years | None |
| Fund managers | Bharath S, Rohit Seksaria, Shalav Saket | Bharath S, Siddarth Mohta, Sandeep Agarwal, Shalav Saket |
| Exit load | Nil | Any redemptions, switch or withdrawals by way of SWP/STP would be subject to an exit load of 1 %, if the units are redeemed within 365 days from the date of allotment of units Further, exit load will be waived on Intra-scheme Switch-outs/STP. |
Sundaram ELSS Tax Saver vs Sundaram Value: 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 |
|---|---|---|---|---|---|---|---|
| Sundaram ELSS Tax Saver Fund (Direct) | −1.26% | −6.55% | −5.54% | −10.84% | +7.98% | -- | -- |
| Sundaram Value Fund (Direct) | −1.53% | −6.43% | −6.51% | −11.71% | +6.15% | +6.66% | +9.33% |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | -- | -- |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | +12.63% |
Category average: the average of the 50 ELSS funds and the 30 Value and Contra funds, same plan type.
Sundaram ELSS Tax Saver vs Sundaram Value: Year-wise Returns
| Year | ELSS Tax SaverSundaram ELSS Tax Saver | ValueSundaram Value | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −11.43% | −12.63% | −7.51% |
| 2025 | +8.29% | +7.67% | +7.76% |
| 2024 | +16.41% | +12.66% | +16.24% |
| 2023 | +25.16% | +23.99% | +26.91% |
| 2022 | -- | +4.71% | +4.25% |
| 2021 | -- | +32.22% | +31.60% |
Sundaram ELSS Tax Saver vs Sundaram Value: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 449 of them, one for each trading day from 03-01-2025 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.
Sundaram ELSS Tax Saver Fund (Direct)
Sundaram Value Fund (Direct)
Nifty 500 TRI
to
Feb 2025Jun 2022
to
Jun 2025Oct 2022
to
Oct 2025Jan 2023
to
Jan 2026May 2023
to
May 2026Sept 2023
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sundaram ELSS Tax Saver | 0.0 | 0.0 | 10.5 | 43.9 | 42.5 | 3.1 | 0.0 | 14.2% | 14.7% | 6.6% | 21.4% | 8% |
| Sundaram Value | 0.0 | 0.4 | 22.7 | 61.5 | 15.4 | 0.0 | 0.0 | 12.4% | 13.0% | 4.9% | 19.7% | 0% |
| Nifty 500 TRI | 0.0 | 0.0 | 4.2 | 39.9 | 49.4 | 6.5 | 0.0 | 15.2% | 15.4% | 8.8% | 22.3% | -- |
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 03-01-2022. Past returns do not promise future returns.
Sundaram ELSS Tax Saver vs Sundaram Value: 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 03-01-2022 to 30-10-2026: 58 instalments, ₹5,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Sundaram ELSS Tax SaverSundaram ELSS Tax Saver Fund (Direct) | ₹5,80,000 | ₹6,62,791 | ₹82,791 | 5.5% |
| Sundaram ValueSundaram Value Fund (Direct) | ₹5,80,000 | ₹6,38,166 | ₹58,166 | 3.9% |
Sundaram ELSS Tax SaverSundaram ELSS Tax Saver Fund (Direct)
Sundaram ValueSundaram Value 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.
Sundaram ELSS Tax Saver vs Sundaram Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Sundaram ELSS Tax Saver Fund (Direct) | Sundaram Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.84% | −11.71% |
| Standard deviation | 14.33% | 13.97% |
| Sharpe ratio | -1.12 | -1.21 |
| Sortino ratio | -1.49 | -1.59 |
| Maximum drawdown | −15.3% (31-03-2026) | −15.4% (31-03-2026) |
| Beta | 0.98 | 0.94 |
| Alpha | −3.79% | −5.08% |
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 | Sundaram ELSS Tax Saver Fund (Direct) | Sundaram Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.98% | +6.15% |
| Standard deviation | 13.10% | 12.87% |
| Sharpe ratio | 0.15 | 0.01 |
| Sortino ratio | 0.20 | 0.01 |
| Maximum drawdown | −15.9% (28-02-2025) | −15.9% (28-02-2025) |
| Beta | 0.90 | 0.88 |
| Alpha | −1.81% | −3.55% |
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 | Sundaram ELSS Tax Saver Fund (Direct) | Sundaram Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.93% | +11.22% |
| Standard deviation | 13.41% | 15.58% |
| Sharpe ratio | 0.15 | 0.33 |
| Sortino ratio | 0.21 | 0.44 |
| Maximum drawdown | −16.7% (20-06-2022) | −41.3% (23-03-2020) |
| Beta | 0.92 | 0.96 |
| Alpha | −0.78% | −1.30% |
From daily NAVs, 03-01-2022 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.
Sundaram ELSS Tax Saver Fund (Direct)
Sundaram Value Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Sundaram ELSS Tax Saver Fund (Direct) | −16.7% | 17-01-2022 | 20-06-2022 | 09-09-2022 | 3 months | −12.1% |
| Sundaram Value Fund (Direct) | −16.3% | 17-01-2022 | 20-06-2022 | 08-09-2022 | 3 months | −13.3% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 03-01-2022, 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.
Sundaram ELSS Tax Saver Fund (Direct)
Sundaram Value 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.
Sundaram ELSS Tax Saver Fund (Direct)
Sundaram Value Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Sundaram ELSS Tax Saver Fund (Direct) | 88% | 90% | 3.26% |
| Sundaram Value Fund (Direct) | 85% | 90% | 3.42% |
From month-end values since 03-01-2022. 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.
Sundaram ELSS Tax Saver vs Sundaram Value: Portfolio Overlap
From each fund's latest monthly portfolio: Sundaram ELSS Tax Saver Fund, September 2026; Sundaram Value Fund, September 2026
Holdings in common
- Overlap
- 58.3%
- Held by both
- 27
- Only in Sundaram ELSS Tax Saver
- 27
- Only in Sundaram Value
- 21
| Security | % of Sundaram ELSS Tax Saver | % of Sundaram Value |
|---|---|---|
| HDFC Bank Ltd | 5.78% | 6.70% |
| ICICI Bank Ltd | 6.44% | 5.75% |
| Axis Bank Ltd | 4.42% | 5.04% |
| Kirloskar Oil Engines Ltd | 3.73% | 4.39% |
| State Bank of India | 3.58% | 4.10% |
| Reliance Industries Ltd | 3.39% | 5.17% |
| Larsen & Toubro Ltd | 3.47% | 3.09% |
| Bharti Airtel Ltd | 3.72% | 2.89% |
| Infosys Ltd | 2.86% | 3.27% |
| Force Motors Ltd | 1.97% | 2.77% |
| IndusInd Bank Ltd | 1.82% | 2.00% |
| NTPC LTD | 1.67% | 3.23% |
| TATA Motors Ltd | 1.53% | 1.79% |
| Alkem Laboratories Ltd | 1.45% | 2.31% |
| GAIL (India) Ltd | 1.38% | 2.52% |
| ITC Ltd | 1.37% | 2.61% |
| HCL Technologies Ltd | 1.34% | 1.26% |
| Swiggy Ltd | 1.25% | 1.49% |
| Ceat Ltd | 1.19% | 2.03% |
| Zydus Lifesciences Ltd | 1.56% | 1.13% |
| Whirlpool of India Ltd | 1.12% | 1.34% |
| Jubilant Foodworks Ltd | 1.11% | 1.31% |
| Union Bank of India | 1.09% | 2.11% |
| Emami Ltd | 1.05% | 1.84% |
| IDFC First Bank Ltd | 0.95% | 1.20% |
| JK Lakshmi Cement Ltd | 1.00% | 0.83% |
| Amara Raja Energy & Mobility Ltd | 0.69% | 1.00% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 58.3% means 58.3% 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 Sundaram ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Ltd | 3.27% |
| Ultratech Cement Ltd | 2.35% |
| Mahindra & Mahindra Ltd | 2.22% |
| Eternal Ltd (Previously Zomato Ltd) | 2.17% |
| Thermax Ltd | 1.70% |
Largest holdings only in Sundaram Value Fund
| Security | % of fund |
|---|---|
| Kirloskar Ferrous Ind Ltd | 2.77% |
| Sapphire Foods India Ltd | 2.05% |
| Coal India Ltd | 1.80% |
| Power Grid Corporation of India Ltd | 1.64% |
| Ashok Leyland Ltd | 1.52% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Sundaram ELSS Tax Saver | Sundaram Value |
|---|---|---|
| Equity | 97.8% | 98.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.2% | 1.1% |
Market cap of stocks
| Market cap | Sundaram ELSS Tax Saver | Sundaram Value |
|---|---|---|
| Large Cap | 61.7% | 59.8% |
| Mid Cap | 15.5% | 13.6% |
| Small Cap | 20.6% | 25.6% |
| Not on AMFI's list | 0.1% | 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 | Sundaram ELSS Tax Saver | Sundaram Value |
|---|---|---|
| Banks | 27.3% | 26.9% |
| It - Software | 5.0% | 6.9% |
| Petroleum Products | 3.4% | 6.3% |
| Automobiles | 5.7% | 2.8% |
| Industrial Products | 5.2% | 4.4% |
| Power | 2.5% | 4.9% |
| Pharmaceuticals & Biotechnology | 3.0% | 4.7% |
| Auto Components | 1.9% | 4.7% |
| Construction | 4.5% | 3.1% |
| Telecom - Services | 3.7% | 2.9% |
The six largest sectors of each fund's stocks, % of the fund.
Sundaram ELSS Tax Saver vs Sundaram Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Sundaram ELSS Tax Saver Fund | Sundaram Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.78% | 1.77% |
| Base expense ratio (Direct) | 1.41% | 1.42% |
| Total expense ratio (Regular) | 2.32% | 2.29% |
| Base expense ratio (Regular) | 1.88% | 1.87% |
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 Sundaram ELSS Tax Saver with
Sundaram ELSS Tax Saver Fund vs Sundaram Value Fund: Frequently Asked Questions
What is the difference between Sundaram ELSS Tax Saver Fund and Sundaram Value Fund?
Sundaram ELSS Tax Saver Fund is an ELSS fund, Sundaram Value Fund is a Value and Contra fund, run by Sundaram Mutual Fund. Their portfolios overlap 58.3%. Sundaram ELSS Tax Saver Fund charges 1.78% a year and Sundaram Value Fund 1.77%.
Which has given higher returns, Sundaram ELSS Tax Saver Fund or Sundaram Value Fund?
Over 1 year: Sundaram ELSS Tax Saver Fund −10.84%, Sundaram Value Fund −11.71%. Over 3 years: Sundaram ELSS Tax Saver Fund +7.98% a year, Sundaram Value Fund +6.15% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Sundaram ELSS Tax Saver Fund or Sundaram Value Fund?
Sundaram Value Fund charges less: 1.77% a year against 1.78%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Sundaram ELSS Tax Saver Fund and Sundaram Value Fund overlap?
58.3%. They hold 27 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, Sundaram ELSS Tax Saver Fund or Sundaram Value Fund?
On SEBI's riskometer, Sundaram ELSS Tax Saver Fund is rated Very High and Sundaram Value Fund Very High. Over 3 years, the standard deviation of daily returns was 13.10% and 12.87% a year.
Which is better for SIP, Sundaram ELSS Tax Saver Fund or Sundaram Value Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,65,591 in Sundaram ELSS Tax Saver Fund (XIRR -0.8% a year) and ₹3,58,234 in Sundaram Value Fund (XIRR -2.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Sundaram ELSS Tax Saver Fund and Sundaram Value Fund?
Yes. 58.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Sundaram ELSS Tax Saver Fund and Sundaram Value Fund?
Sundaram ELSS Tax Saver Fund: Bharath S, Rohit Seksaria, Shalav Saket. Sundaram Value Fund: Bharath S, Siddarth Mohta, Sandeep Agarwal, Shalav Saket.
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.