UTI ELSS Tax Saver Fund vs UTI Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
UTI ELSS Tax Saver Fund is an ELSS fund and UTI Value Fund is a Value and Contra fund. In the 3 years to 30-10-2026, UTI ELSS Tax Saver Fund (Direct) returned 7.9% a year and UTI Value Fund (Direct) returned 11.7% a year. UTI ELSS Tax Saver Fund charges 1.19% a year and UTI Value Fund 1.35% (Direct plans). Their portfolios overlap 71.5%: they hold 42 of the same securities.
Which is better, UTI ELSS Tax Saver or UTI Value? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI Value returned more over 5 years: 9.9% a year against 6.3%.
- UTI Value returned more over 3 years: 11.7% a year against 7.9%.
- UTI ELSS Tax Saver costs less: 1.19% a year against 1.35% (Direct plans).
- UTI ELSS Tax Saver swung less over 3 years: a standard deviation of 12.9% a year against 13.3%.
- UTI ELSS Tax Saver fell less in its worst fall since 02-01-2013: −35.1% against −36.7%.
- UTI Value is the larger fund: ₹9,025 Cr against ₹3,253 Cr.
- Their portfolios overlap 71.5%: 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
| Fact | UTI ELSS Tax Saver Fund | UTI Value Fund |
|---|---|---|
| Fund house | UTI Mutual Fund | UTI Mutual Fund |
| Category | ELSS | Value and Contra |
| AUM | ₹3,253 Cr (30-09-2026) | ₹9,025 Cr (30-09-2026) |
| NAV | ₹214.73 (Direct) | ₹173.12 (Direct) |
| Expense ratio (Direct) | 1.19% | 1.35% |
| Expense ratio (Regular) | 1.96% | 1.87% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 15-12-1999 | 20-07-2005 |
| Minimum investment | Regular Plan-Growth- Rs.500, Regular Plan-Payout of IDCW- Rs.500, Direct Plan-Growth- Rs.500, Direct Plan-Payout of IDCW- Rs.500, | Regular Plan-Growth- Rs.5000, Regular Plan-Reinvestment of IDCW- Rs.5000, Regular Plan-Payout of IDCW- Rs.5000, Direct Plan-Growth- Rs.5000, Direct Plan-Reinvestment of IDCW- Rs.5000, Direct Plan-Payout of IDCW- Rs.5000, |
| Lock in | 3 years | None |
| Fund managers | Amit Premchandani FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 | Amit Premchandani FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | Nil | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. |
UTI ELSS Tax Saver vs UTI 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 |
|---|---|---|---|---|---|---|---|
| UTI ELSS Tax Saver Fund (Direct) | −0.44% | −6.30% | −2.70% | −9.13% | +7.90% | +6.27% | +11.37% |
| UTI Value Fund (Direct) | −0.22% | −6.08% | −3.22% | −9.06% | +11.71% | +9.95% | +12.87% |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| 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.
UTI ELSS Tax Saver vs UTI Value: Year-wise Returns
| Year | ELSS Tax SaverUTI ELSS Tax Saver | ValueUTI Value | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −9.30% | −9.69% | −7.51% |
| 2025 | +5.57% | +7.71% | +7.76% |
| 2024 | +15.08% | +24.28% | +16.24% |
| 2023 | +25.54% | +27.63% | +26.91% |
| 2022 | −2.51% | +5.04% | +4.25% |
| 2021 | +34.37% | +31.35% | +31.60% |
UTI ELSS Tax Saver vs UTI Value: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
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.
UTI ELSS Tax Saver Fund (Direct)
UTI Value Fund (Direct)
Nifty 500 TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UTI ELSS Tax Saver | 1.7 | 4.2 | 12.6 | 38.5 | 28.8 | 12.5 | 1.5 | 14.2% | 14.1% | −5.1% | 30.3% | 42% |
| UTI Value | 1.5 | 3.6 | 20.2 | 24.5 | 29.8 | 17.7 | 2.7 | 14.6% | 15.1% | −5.4% | 33.2% | 56% |
| Nifty 500 TRI | 1.9 | 4.3 | 7.8 | 37.0 | 34.8 | 11.3 | 2.9 | 14.7% | 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.
UTI ELSS Tax Saver vs UTI 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| UTI ELSS Tax SaverUTI ELSS Tax Saver Fund (Direct) | ₹16,60,000 | ₹39,08,378 | ₹22,48,378 | 11.6% |
| UTI ValueUTI Value Fund (Direct) | ₹16,60,000 | ₹43,43,176 | ₹26,83,176 | 12.9% |
UTI ELSS Tax SaverUTI ELSS Tax Saver Fund (Direct)
UTI ValueUTI 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.
UTI ELSS Tax Saver vs UTI Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | UTI ELSS Tax Saver Fund (Direct) | UTI Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.13% | −9.06% |
| Standard deviation | 13.48% | 13.51% |
| Sharpe ratio | -1.07 | -1.06 |
| Sortino ratio | -1.42 | -1.40 |
| Maximum drawdown | −15.2% (31-03-2026) | −15.3% (31-03-2026) |
| Beta | 0.92 | 0.92 |
| Alpha | −2.82% | −2.77% |
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 | UTI ELSS Tax Saver Fund (Direct) | UTI Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.90% | +11.71% |
| Standard deviation | 12.92% | 13.31% |
| Sharpe ratio | 0.15 | 0.43 |
| Sortino ratio | 0.20 | 0.59 |
| Maximum drawdown | −18.6% (28-02-2025) | −17.2% (07-04-2025) |
| Beta | 0.88 | 0.91 |
| Alpha | −1.80% | +1.86% |
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 | UTI ELSS Tax Saver Fund (Direct) | UTI Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.27% | +9.95% |
| Standard deviation | 13.31% | 13.42% |
| Sharpe ratio | 0.04 | 0.31 |
| Sortino ratio | 0.05 | 0.42 |
| Maximum drawdown | −21.3% (17-06-2022) | −17.3% (17-06-2022) |
| Beta | 0.90 | 0.91 |
| Alpha | −2.24% | +1.40% |
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 | UTI ELSS Tax Saver Fund (Direct) | UTI Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.44% | +12.86% |
| Standard deviation | 14.96% | 15.09% |
| Sharpe ratio | 0.43 | 0.45 |
| Sortino ratio | 0.57 | 0.61 |
| Maximum drawdown | −35.1% (23-03-2020) | −36.7% (23-03-2020) |
| Beta | 0.92 | 0.93 |
| Alpha | +0.16% | +0.53% |
From daily NAVs, 02-01-2013 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.
UTI ELSS Tax Saver Fund (Direct)
UTI 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 |
|---|---|---|---|---|---|---|
| UTI ELSS Tax Saver Fund (Direct) | −35.1% | 12-02-2020 | 23-03-2020 | 05-11-2020 | 7 months | −12.9% |
| UTI Value Fund (Direct) | −36.7% | 07-02-2020 | 23-03-2020 | 05-11-2020 | 7 months | −10.7% |
| Nifty 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 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 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
UTI ELSS Tax Saver Fund (Direct)
UTI 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.
UTI ELSS Tax Saver Fund (Direct)
UTI Value Fund (Direct)
Nifty 500 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.
UTI ELSS Tax Saver Fund (Direct)
UTI Value Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| UTI ELSS Tax Saver Fund (Direct) | 95% | 94% | 3.43% |
| UTI Value Fund (Direct) | 94% | 89% | 3.36% |
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.
UTI ELSS Tax Saver vs UTI Value: Portfolio Overlap
From each fund's latest monthly portfolio: UTI ELSS Tax Saver Fund, September 2026; UTI Value Fund, September 2026
Holdings in common
- Overlap
- 71.5%
- Held by both
- 42
- Only in UTI ELSS Tax Saver
- 18
- Only in UTI Value
- 22
| Security | % of UTI ELSS Tax Saver | % of UTI Value |
|---|---|---|
| EQ - HDFC BANK LIMITED | 8.11% | 7.97% |
| EQ - ICICI BANK LTD | 7.11% | 6.26% |
| EQ - BHARTI AIRTEL LTD. | 4.32% | 4.23% |
| EQ - KOTAK MAHINDRA BANK LTD. | 4.49% | 4.16% |
| EQ - AXIS BANK LTD. | 3.70% | 3.94% |
| EQ - RELIANCE INDUSTRIES LTD. | 2.74% | 2.50% |
| EQ - MAHINDRA & MAHINDRA LTD. | 2.49% | 2.99% |
| EQ - INFOSYS LTD. | 2.44% | 3.19% |
| EQ - STATE BANK OF INDIA | 2.36% | 3.30% |
| EQ - TECH MAHINDRA LTD. | 2.08% | 2.58% |
| EQ - MARUTI SUZUKI INDIA LTD. | 1.84% | 1.86% |
| EQ - PHOENIX MILLS LTD | 1.99% | 1.82% |
| EQ - TATA STEEL LTD. | 2.21% | 1.63% |
| EQ - MPHASIS LTD | 1.49% | 1.61% |
| EQ - BRIGADE ENTERPRISES LTD. | 1.50% | 1.46% |
| EQ - INFO-EDGE (INDIA) LTD. | 1.78% | 1.42% |
| EQ - CROMPTON GREAVES CONSUMER ELEC | 1.41% | 1.39% |
| EQ - EICHER MOTORS LTD | 1.38% | 1.39% |
| EQ - SUN PHARMACEUTICALS INDUSTRIES | 1.34% | 1.41% |
| EQ - VARUN BEVERAGES LTD | 1.59% | 1.20% |
| EQ - COAL INDIA LTD. | 1.18% | 1.37% |
| EQ - BHARAT ELECTRONICS LTD. | 1.25% | 1.08% |
| EQ - POWER GRID CORPORATION OF INDI | 1.08% | 1.88% |
| EQ - SAMVARDHANA MOTHERSON INTL LTD | 1.28% | 1.07% |
| EQ - NTPC LTD. | 1.17% | 1.07% |
| EQ - HDFC LIFE INSURANCE COMPANY LI | 1.07% | 1.16% |
| EQ - ADANI ENTERPRISES LTD. | 1.05% | 1.01% |
| EQ - AIA ENGINEERING LTD. | 0.97% | 1.03% |
| EQ - MAHANAGAR GAS LTD. | 1.33% | 0.96% |
| EQ - METROPOLIS HEALTHCARE LTD | 0.94% | 1.15% |
| EQ - CERA SANITARYWARE LTD. | 0.95% | 0.92% |
| EQ - DALMIA BHARAT LTD | 0.92% | 1.03% |
| EQ - JK PAPER LTD. | 0.79% | 0.94% |
| EQ - LTM Limited | 0.76% | 0.96% |
| EQ - TUBE INVESTMENTS OF INDIA LTD | 1.23% | 0.72% |
| EQ - SWIGGY LTD | 0.77% | 0.72% |
| EQ - EMAMI LTD. | 0.72% | 0.79% |
| EQ - DR REDDYS LABORATORIES LTD. | 0.60% | 0.66% |
| EQ - P I INDUSTRIES LTD | 0.60% | 0.61% |
| EQ - INDIAMART INTERMESH LTD | 0.52% | 0.59% |
| EQ - KAJARIA CERAMICS LTD. | 0.87% | 0.34% |
| EQ - COHANCE LIFESCIENCES LIMITED | 0.28% | 0.42% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 71.5% means 71.5% 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 UTI ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| EQ - BAJAJ FINANCE LTD. | 2.95% |
| EQ - AJANTA PHARMA LTD. | 2.07% |
| EQ - ASTER DM QUALITY CARE LIMITED | 1.66% |
| EQ - JUBILANT FOODWORKS LTD. | 1.54% |
| EQ - ETERNAL LIMITED | 1.48% |
Largest holdings only in UTI Value Fund
| Security | % of fund |
|---|---|
| EQ - CIPLA LTD. | 1.72% |
| EQ - INDUSIND BANK | 1.72% |
| EQ - MAHINDRA & MAHINDRA FINANCIAL | 1.48% |
| EQ - FORTIS HEALTHCARE LTD. | 1.45% |
| EQ - LARSEN & TOUBRO LTD. | 1.41% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | UTI ELSS Tax Saver | UTI Value |
|---|---|---|
| Equity | 99.0% | 99.3% |
| Debt | 0.0% | 0.3% |
| Cash and others | 1.0% | 0.4% |
Market cap of stocks
| Market cap | UTI ELSS Tax Saver | UTI Value |
|---|---|---|
| Large Cap | 67.9% | 65.6% |
| Mid Cap | 19.0% | 18.3% |
| Small Cap | 12.1% | 15.5% |
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 | UTI ELSS Tax Saver | UTI Value |
|---|---|---|
| Banks | 26.4% | 28.1% |
| IT - Software | 7.3% | 8.3% |
| Automobiles | 5.7% | 8.0% |
| Pharmaceuticals & Biotechnology | 4.3% | 6.6% |
| Retailing | 6.5% | 3.1% |
| Realty | 3.5% | 4.5% |
| Telecom - Services | 4.3% | 4.2% |
| Finance | 4.3% | 1.5% |
The six largest sectors of each fund's stocks, % of the fund.
UTI ELSS Tax Saver vs UTI Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | UTI ELSS Tax Saver Fund | UTI Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.19% | 1.35% |
| Base expense ratio (Direct) | 0.95% | 1.05% |
| Total expense ratio (Regular) | 1.96% | 1.87% |
| Base expense ratio (Regular) | 1.66% | 1.51% |
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 UTI ELSS Tax Saver with
UTI ELSS Tax Saver Fund vs UTI Value Fund: Frequently Asked Questions
What is the difference between UTI ELSS Tax Saver Fund and UTI Value Fund?
UTI ELSS Tax Saver Fund is an ELSS fund, UTI Value Fund is a Value and Contra fund, run by UTI Mutual Fund. Their portfolios overlap 71.5%. UTI ELSS Tax Saver Fund charges 1.19% a year and UTI Value Fund 1.35%.
Which has given higher returns, UTI ELSS Tax Saver Fund or UTI Value Fund?
Over 1 year: UTI ELSS Tax Saver Fund −9.13%, UTI Value Fund −9.06%. Over 3 years: UTI ELSS Tax Saver Fund +7.90% a year, UTI Value Fund +11.71% a year. Over 5 years: UTI ELSS Tax Saver Fund +6.27% a year, UTI Value Fund +9.95% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, UTI ELSS Tax Saver Fund or UTI Value Fund?
UTI ELSS Tax Saver Fund charges less: 1.19% a year against 1.35%. These are the Direct plans' total expense ratios reported to AMFI.
How much do UTI ELSS Tax Saver Fund and UTI Value Fund overlap?
71.5%. They hold 42 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, UTI ELSS Tax Saver Fund or UTI Value Fund?
On SEBI's riskometer, UTI ELSS Tax Saver Fund is rated Very High and UTI Value Fund Very High. Over 3 years, the standard deviation of daily returns was 12.92% and 13.31% a year.
Which is better for SIP, UTI ELSS Tax Saver Fund or UTI Value Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,99,861 in UTI ELSS Tax Saver Fund (XIRR 5.4% a year) and ₹7,59,479 in UTI Value Fund (XIRR 8.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both UTI ELSS Tax Saver Fund and UTI Value Fund?
Yes. 71.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages UTI ELSS Tax Saver Fund and UTI Value Fund?
UTI ELSS Tax Saver Fund: Amit Premchandani FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4. UTI Value Fund: Amit Premchandani FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4.
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.