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Two ELSS funds side by side: returns, costs, size, risk and how much their portfolios overlap.
Nippon India ELSS Tax Saver Fund vs Axis ELSS Tax Saver Fund, as of 9 Nov 2026: Nippon India ELSS Tax Saver Fund NAV ₹148.63, 3Y CAGR 13.9%, expense ratio 1.13%; Axis ELSS Tax Saver Fund NAV ₹114.97, 3Y CAGR 12.4%, expense ratio 1.05%; about 39% of their portfolios overlap.
As of · Source: AMFI NAVs and fund-house disclosures
| Nippon India ELSS Tax Saver Fund Direct Growth | Axis ELSS Tax Saver Fund Direct Growth | |
|---|---|---|
| Category | ELSS | ELSS |
| Fund house | Nippon India Mutual Fund | Axis Mutual Fund |
| Plan | Direct Plan · Growth Option | Direct Plan · Growth Option |
| NAV | ₹148.63 (9 Nov 2026) | ₹114.97 (9 Nov 2026) |
| 1Y return | 3.4% | 4.1% |
| 3Y CAGR | 13.9% | 12.4% |
| 5Y CAGR | 11.5% | 6.4% |
| Since launch (CAGR) | 13.8% | 15.8% |
| Expense ratio | 1.13% | 1.05% |
| AUM | ₹14,680 cr | ₹31,470 cr |
| Risk-o-meter | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Exit load | Entyr & Exit Load: Nil | Entry Load - NA Exit Load -NIL |
| Minimum SIP | ₹500 | ₹500 |
| Holdings | 62 | 71 |
| Top 10 holdings weight | 39.7% | 37.2% |
| Portfolio overlap | About 39% by weight, from the latest disclosed holdings | |
Returns are point-to-point for each plan, after its expense ratio; periods over one year are CAGR. Past performance is not indicative of future results.
Open in the compare tool: growth charts, SIP outcomes and shared holdings →Nippon India ELSS Tax Saver Fund has the higher 5-year CAGR (as of 9 Nov 2026): Nippon India ELSS Tax Saver Fund 11.5% a year vs Axis ELSS Tax Saver Fund 6.4% a year. Past performance is not indicative of future results.
Axis ELSS Tax Saver Fund costs less: Nippon India ELSS Tax Saver Fund charges 1.13% a year and Axis ELSS Tax Saver Fund 1.05% a year.
Axis ELSS Tax Saver Fund is larger: Nippon India ELSS Tax Saver Fund manages ₹14,680 cr and Axis ELSS Tax Saver Fund ₹31,470 cr (as of 9 Nov 2026).
About 39% of their portfolios overlap by weight (the smaller weight of each common holding, summed), from the latest disclosed holdings.
Both are rated "Very High" on SEBI's risk-o-meter.
We don't give recommendations. Jivani Markets is not a SEBI-registered investment adviser or research analyst. Whether a fund suits you depends on your goals, horizon and risk appetite; speak to a SEBI-registered investment adviser or an AMFI-registered mutual fund distributor before investing.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future results.
Returns are for Direct plans, after expenses (TER is already in the NAV). Research, not advice: we do not say a fund suits you. Disclaimer