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    Tata Dividend Yield Fund vs Tata ELSS Tax Saver Fund

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

    Tata Dividend Yield Fund is a Dividend Yield fund and Tata ELSS Tax Saver Fund is an ELSS fund. In the 3 years to 30-10-2026, Tata Dividend Yield Fund (Direct) returned 13.0% a year and Tata ELSS Tax Saver Fund (Direct) returned 11.7% a year. Tata Dividend Yield Fund charges 0.81% a year and Tata ELSS Tax Saver Fund 0.89% (Direct plans). Their portfolios overlap 47.7%: they hold 42 of the same securities.

    Tata Dividend Yield Fund

    Dividend Yield

    3 year return
    13.0%
    Expense ratio
    0.81%
    NAV
    ₹20.24
    See Tata Dividend Yield Fund

    Tata ELSS Tax Saver Fund

    ELSS

    3 year return
    11.7%
    Expense ratio
    0.89%
    NAV
    ₹50.68
    See Tata ELSS Tax Saver Fund

    Which is better, Tata Dividend Yield or Tata 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.

    • Tata Dividend Yield returned more over 5 years: 12.4% a year against 10.3%.
    • Tata Dividend Yield returned more over 3 years: 13.0% a year against 11.7%.
    • Tata Dividend Yield costs less: 0.81% a year against 0.89% (Direct plans).
    • Tata ELSS Tax Saver swung less over 3 years: a standard deviation of 14.5% a year against 15.9%.
    • Tata ELSS Tax Saver fell less in its worst fall since 27-05-2021: −18.5% against −20.4%.
    • Tata ELSS Tax Saver is the larger fund: ₹4,427 Cr against ₹1,109 Cr.
    • Their portfolios overlap 47.7%: 42 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

    FactTata Dividend Yield FundTata ELSS Tax Saver Fund
    Fund houseTata Mutual FundTata Mutual Fund
    CategoryDividend YieldELSS
    AUM₹1,109 Cr (30-09-2026)₹4,427 Cr (30-09-2026)
    NAV₹20.24 (Direct)₹50.68 (Direct)
    Expense ratio (Direct)0.81%0.89%
    Expense ratio (Regular)2.33%1.93%
    RiskometerVery HighVery High
    BenchmarkNifty 500 TRINifty 500 TRI
    Launch date20-05-202131-03-1996
    Minimum investment₹5,000₹500
    Lock inNone3 years
    Fund managersMurthy Nagarajan, Sailesh Jain, Hasmukh VishariyaSailesh Jain
    Exit loadExit load of 0.50%, if redeemed within 30 days.Nil

    Tata Dividend Yield vs Tata 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
    Tata Dividend Yield Fund (Direct)−3.10%−5.37%−1.90%−0.20%+12.98%+12.43%--
    Tata ELSS Tax Saver Fund (Direct)−2.51%−6.01%−2.29%−3.65%+11.67%+10.34%+13.42%
    Dividend Yield average−1.57%−5.69%−3.24%−5.57%+12.14%+12.06%--
    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.

    Tata Dividend Yield vs Tata ELSS Tax Saver: Year-wise Returns

    YearDividend YieldTata Dividend YieldELSS Tax SaverTata ELSS Tax SaverNifty 500 TRI
    2026to date−1.14%−4.67%−7.51%
    2025+10.38%+6.11%+7.76%
    2024+13.67%+20.81%+16.24%
    2023+38.09%+25.44%+26.91%
    2022+2.86%+7.17%+4.25%
    2021--+32.06%+31.60%

    Tata Dividend Yield vs Tata ELSS Tax Saver: Rolling Returns

    Every holding period of both funds, against Nifty 500 TRI, the benchmark of both

    Rolling returns

    Every 3-year holding period, 600 of them, one for each trading day from 27-05-2024 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.

    0%5%10%15%20%25%
    Aug 2021
    to
    Aug 2024    Jan 2022
    to
    Jan 2025    Jun 2022
    to
    Jun 2025    Oct 2022
    to
    Oct 2025    Mar 2023
    to
    Mar 2026    Aug 2023
    to
    Aug 2026
    Tata Dividend Yield Fund (Direct)Tata 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
    Tata Dividend Yield0.00.00.011.352.835.80.018.9%19.1%11.9%24.8%100%
    Tata ELSS Tax Saver0.00.00.021.861.217.00.017.1%16.8%10.8%22.9%100%
    Nifty 500 TRI0.00.03.231.556.58.80.015.9%15.9%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 27-05-2021. Past returns do not promise future returns.

    Tata Dividend Yield vs Tata 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 27-05-2021 to 30-10-2026: 66 instalments, ₹6,60,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Tata Dividend YieldTata Dividend Yield Fund (Direct) ₹6,60,000 ₹9,17,208 ₹2,57,208 11.9%
    Tata ELSS Tax SaverTata ELSS Tax Saver Fund (Direct) ₹6,60,000 ₹8,66,448 ₹2,06,448 9.8%
    ₹0₹2.0 L₹4.0 L₹6.0 L₹8.0 L₹10.0 L
    20222023202420252026
    Tata Dividend YieldTata Dividend Yield Fund (Direct)Tata ELSS Tax SaverTata 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.

    Tata Dividend Yield vs Tata ELSS Tax Saver: Risk and Drawdowns

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

    Risk and return

    MeasureTata Dividend Yield Fund (Direct)Tata ELSS Tax Saver Fund (Direct)
    Return (CAGR)+12.98%+11.67%
    Standard deviation15.93%14.48%
    Sharpe ratio0.440.39
    Sortino ratio0.580.53
    Maximum drawdown−20.4% (28-02-2025)−18.5% (03-03-2025)
    Beta1.070.99
    Alpha+2.46%+1.48%

    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.

    −25%−20%−15%−10%−5%0%
    20222023202420252026
    Tata Dividend Yield Fund (Direct)Tata ELSS Tax Saver Fund (Direct)Nifty 500 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Tata Dividend Yield Fund (Direct)−20.4%26-09-202428-02-202529-10-20258 months−8.6%
    Tata ELSS Tax Saver Fund (Direct)−18.5%26-09-202403-03-202502-01-202610 months−9.1%
    Nifty 500 TRI−18.6%26-09-202428-02-2025Not yet--−8.8%

    From daily values since 27-05-2021, 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%
    20252026
    Tata Dividend Yield Fund (Direct)Tata ELSS Tax Saver Fund (Direct)Nifty 500 TRI

    Against Nifty 500 TRI

    FundUp captureDown captureTracking error
    Tata Dividend Yield Fund (Direct)108%96%4.17%
    Tata ELSS Tax Saver Fund (Direct)105%98%3.48%

    From month-end values since 27-05-2021. 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.

    Tata Dividend Yield vs Tata ELSS Tax Saver: Portfolio Overlap

    From each fund's latest monthly portfolio: Tata Dividend Yield Fund, September 2026; Tata ELSS Tax Saver Fund, September 2026

    Holdings in common

    Overlap
    47.7%
    Held by both
    42
    Only in Tata Dividend Yield
    36
    Only in Tata ELSS Tax Saver
    20
    Security% of Tata Dividend Yield% of Tata ELSS Tax Saver
    ICICI BANK LTD3.04%4.89%
    HDFC BANK LTD2.97%5.14%
    LARSEN & TOUBRO LTD2.80%2.99%
    STATE BANK OF INDIA2.05%4.42%
    MULTI COMMODITY EXCHANGE OF IND LTD2.40%2.00%
    PB FINTECH LTD1.77%2.13%
    RADICO KHAITAN LTD3.14%1.63%
    BHARTI AIRTEL LTD1.57%5.66%
    RELIANCE INDUSTRIES LTD1.54%3.62%
    NTPC LTD1.54%2.52%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 47.7% means 47.7% 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 Tata Dividend Yield Fund

    Security% of fund
    PNB HOUSING FINANCE LTD2.66%
    SYRMA SGS TECHNOLOGY LTD2.52%
    RBL BANK LTD2.20%
    TVS MOTOR COMPANY LTD1.92%
    SHRIRAM FINANCE LTD1.74%

    Largest holdings only in Tata ELSS Tax Saver Fund

    Security% of fund
    PRICOL LTD2.84%
    MOTILAL OSWAL FINANCIAL SERVICE LTD2.76%
    CUMMINS INDIA LTD2.47%
    CITY UNION BANK LTD2.25%
    SUN PHARMACEUTICAL INDUSTRIES LTD1.95%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetTata Dividend YieldTata ELSS Tax Saver
    Equity96.5%97.8%
    Debt0.0%0.0%
    Cash and others3.5%2.2%

    Market cap of stocks

    Market capTata Dividend YieldTata ELSS Tax Saver
    Large Cap50.6%57.9%
    Mid Cap19.1%15.8%
    Small Cap20.4%21.0%
    Not on AMFI's list6.5%3.0%

    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

    SectorTata Dividend YieldTata ELSS Tax Saver
    Banks16.0%19.8%
    Auto Components3.4%8.8%
    Power8.5%2.5%
    Capital Markets7.8%8.3%
    Industrial Products2.4%6.7%
    Finance6.5%2.6%
    Telecom - Services1.6%5.7%
    Electrical Equipment4.4%2.5%
    Healthcare Services3.5%3.9%
    Automobiles3.7%0.0%

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

    Tata Dividend Yield vs Tata ELSS Tax Saver: Expense Ratio

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

    ChargeTata Dividend Yield FundTata ELSS Tax Saver Fund
    Total expense ratio (Direct)0.81%0.89%
    Base expense ratio (Direct)0.59%0.69%
    Total expense ratio (Regular)2.33%1.93%
    Base expense ratio (Regular)1.90%1.61%

    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

    Tata Dividend Yield Fund vs Tata ELSS Tax Saver Fund: Frequently Asked Questions

    What is the difference between Tata Dividend Yield Fund and Tata ELSS Tax Saver Fund?

    Tata Dividend Yield Fund is a Dividend Yield fund, Tata ELSS Tax Saver Fund is an ELSS fund, run by Tata Mutual Fund. Their portfolios overlap 47.7%. Tata Dividend Yield Fund charges 0.81% a year and Tata ELSS Tax Saver Fund 0.89%.

    Which has given higher returns, Tata Dividend Yield Fund or Tata ELSS Tax Saver Fund?

    Over 1 year: Tata Dividend Yield Fund −0.20%, Tata ELSS Tax Saver Fund −3.65%. Over 3 years: Tata Dividend Yield Fund +12.98% a year, Tata ELSS Tax Saver Fund +11.67% a year. Over 5 years: Tata Dividend Yield Fund +12.43% a year, Tata ELSS Tax Saver Fund +10.34% a year. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, Tata Dividend Yield Fund or Tata ELSS Tax Saver Fund?

    Tata Dividend Yield Fund charges less: 0.81% a year against 0.89%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do Tata Dividend Yield Fund and Tata ELSS Tax Saver Fund overlap?

    47.7%. They hold 42 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, LT. From each fund's latest monthly portfolio.

    Which is riskier, Tata Dividend Yield Fund or Tata ELSS Tax Saver Fund?

    On SEBI's riskometer, Tata Dividend Yield Fund is rated Very High and Tata ELSS Tax Saver Fund Very High. Over 3 years, the standard deviation of daily returns was 15.93% and 14.48% a year.

    Which is better for SIP, Tata Dividend Yield Fund or Tata 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 ₹8,19,829 in Tata Dividend Yield Fund (XIRR 11.6% a year) and ₹7,73,282 in Tata ELSS Tax Saver Fund (XIRR 9.3% a year). Both received 61 instalments. Past returns do not promise future returns.

    Can I invest in both Tata Dividend Yield Fund and Tata ELSS Tax Saver Fund?

    Yes. 47.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

    Who manages Tata Dividend Yield Fund and Tata ELSS Tax Saver Fund?

    Tata Dividend Yield Fund: Murthy Nagarajan, Sailesh Jain, Hasmukh Vishariya. Tata ELSS Tax Saver Fund: Sailesh Jain.

    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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