Two of the largest ELSS (Tax Saver) funds side by side: returns, risk, cost, size and what they hold. Prices as of 3 Nov 2026.
Past returns do not tell you future returns.
| Axis ELSS - Tax Saver Fund Axis | DSP ELSS Tax Saver Fund DSP | |
|---|---|---|
| Returns | ||
| 1 year | -2.6% | -5.2% |
| 3 years, a year | +10.5% | +12.6% |
| 5 years, a year | +4.8% | +10.1% |
| Since launch, a year | +14.4% | +13.8% |
| 3-year rank in category | 19 of 37 | 8 of 37 |
| Benchmark, 3 years | +10.9% | +10.9% |
| Risk | ||
| Risk level | Very High | Very High |
| How bumpy, last year | 14.5% | 14.3% |
| Biggest fall, 3 years | -16.7% | -16.5% |
| Sharpe ratio, 3 years | 0.34 | 0.47 |
| Beta | 0.89 | 0.95 |
| Alpha, a year | +0.2% | +2.0% |
| Cost and size | ||
| Yearly cost (expense ratio) | 1.74% | 1.78% |
| Money in the fund | ₹30,451 cr | ₹15,787 cr |
| Running for | 16.9 years | 19.8 years |
| Minimum SIP | ₹6,000 | — |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
Past returns do not indicate future returns. Each fund page has the full detail.
The five largest holdings of each, from the latest monthly portfolios
Overlap is the part of the two portfolios that is the same, by weight: 100% would be identical.
What they share, by industry and sector
| Holding | Axis | DSP |
|---|---|---|
| ICICI Bank Limited | 6.9% | 9.7% |
| HDFC Bank Limited | 6.1% | 9.0% |
| Bharti Airtel Limited | 4.5% | 3.4% |
| Axis Bank Limited | 2.7% | 8.0% |
| Kotak Mahindra Bank Limited | 2.5% | 3.9% |
| Mahindra & Mahindra Limited | 2.4% | 2.4% |
| State Bank of India | 2.3% | 5.6% |
| Reliance Industries Limited | 1.7% | 2.8% |
| Infosys Limited | 1.6% | 2.3% |
| Sun Pharmaceutical Industries Limited | 1.6% | 1.7% |
Both are ELSS (Tax Saver) funds, from Axis and DSP. Axis ELSS - Tax Saver Fund manages ₹30,451 cr and DSP ELSS Tax Saver Fund ₹15,787 cr. The table on this page sets out their returns, risk, costs and holdings side by side.
Axis ELSS - Tax Saver Fund, at 1.74% a year, against 1.78% for DSP ELSS Tax Saver Fund.
Over three years, Axis ELSS - Tax Saver Fund returned +10.5% a year and DSP ELSS Tax Saver Fund +12.6% a year. Over one year they returned -2.6% and -5.2%. Past returns do not indicate future returns.
They hold 41.3% of the same investments, 67.1% of the same industries and 74.3% of the same sectors, by weight, in their latest monthly portfolios.
To set a third or fourth fund alongside, open these two in Compare and add more.