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.
| HDFC ELSS - Tax Saver Fund HDFC | Nippon India ELSS Tax Saver Fund Nippon India | |
|---|---|---|
| Returns | ||
| 1 year | -7.5% | -3.4% |
| 3 years, a year | +12.6% | +11.8% |
| 5 years, a year | +12.6% | +10.1% |
| Since launch, a year | +11.9% | +11.5% |
| 3-year rank in category | 9 of 37 | 11 of 37 |
| Benchmark, 3 years | +10.9% | +10.9% |
| Risk | ||
| Risk level | Very High | Very High |
| How bumpy, last year | 13.4% | 14.1% |
| Biggest fall, 3 years | -15.0% | -20.3% |
| Sharpe ratio, 3 years | 0.53 | 0.40 |
| Beta | 0.82 | 0.98 |
| Alpha, a year | +2.6% | +1.0% |
| Cost and size | ||
| Yearly cost (expense ratio) | 1.76% | 1.79% |
| Money in the fund | ₹15,248 cr | ₹14,092 cr |
| Running for | 30.6 years | 21.1 years |
| Minimum SIP | ₹500 | ₹500 |
| 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 | HDFC | Nippon India |
|---|---|---|
| HDFC Bank Ltd.£ | 7.9% | 7.9% |
| ICICI Bank Ltd. | 9.1% | 7.0% |
| Axis Bank Ltd. | 6.6% | 4.1% |
| State Bank of India | 4.5% | 3.3% |
| Bharti Airtel Ltd. | 4.5% | 2.9% |
| Reliance Industries Ltd. | 2.6% | 2.8% |
| Eternal Limited | 2.4% | 2.5% |
| Kotak Mahindra Bank Limited | 4.9% | 1.4% |
| ICICI Lombard General Insurance Co | 1.1% | 1.5% |
| United Spirits Limited | 1.0% | 1.5% |
Both are ELSS (Tax Saver) funds, from HDFC and Nippon India. HDFC ELSS - Tax Saver Fund manages ₹15,248 cr and Nippon India ELSS Tax Saver Fund ₹14,092 cr. The table on this page sets out their returns, risk, costs and holdings side by side.
HDFC ELSS - Tax Saver Fund, at 1.76% a year, against 1.79% for Nippon India ELSS Tax Saver Fund.
Over three years, HDFC ELSS - Tax Saver Fund returned +12.6% a year and Nippon India ELSS Tax Saver Fund +11.8% a year. Over one year they returned -7.5% and -3.4%. Past returns do not indicate future returns.
They hold 37.8% of the same investments, 58.9% of the same industries and 79.1% 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.