HDFC ELSS - Tax Saver Fund vs Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund
HDFC ELSS - Tax Saver Fund and Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund are both ELSS (Tax Saving) funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +14.66% vs +11.26%, 5-year CAGR +14.27% vs +9.87%, volatility 13.87% vs 14.78%, maximum drawdown −44.14% vs −35.36%. Their portfolios overlap by 34.9% (19 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| HDFC ELSS - Tax Saver | Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) | |
|---|---|---|
| Fund house | HDFC Mutual Fund | Union Mutual Fund |
| Compared as | ELSS (Tax Saving) | ELSS (Tax Saving) |
| NAV | ₹1,536.5270 | ₹72.4500 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 1 Jan 2013 | 2 Jan 2013 |
| Track record | 13.8 yrs | 13.8 yrs |
| Fund size (AUM) | ₹14,949 Cr | ₹821 Cr |
| Securities held | 62 | 83 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| HDFC ELSS - Tax Saver | Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) | |
|---|---|---|
| 1 month | +8.48% | +3.83% |
| 3 months | +0.97% | −0.93% |
| 6 months | +4.93% | +2.91% |
| 1 year | −1.57% | +0.74% |
| 3 years (CAGR) | +14.66% | +11.26% |
| 5 years (CAGR) | +14.27% | +9.87% |
| 7 years (CAGR) | +16.07% | +15.42% |
| 10 years (CAGR) | +13.80% | +13.40% |
| Since launch (CAGR) | +14.13% | +13.06% |
| SIP return (XIRR, 5 years) ⓘ | +13.06% | +10.20% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| HDFC ELSS - Tax Saver | Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) | |
|---|---|---|
| 2026 (year to date) | −2.72% | +0.19% |
| 2025 | +10.94% | +5.29% |
| 2024 | +22.07% | +17.95% |
| 2023 | +34.02% | +27.50% |
| 2022 | +11.14% | +2.42% |
| 2021 | +36.05% | +36.65% |
Risk
| HDFC ELSS - Tax Saver | Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) | |
|---|---|---|
| Volatility (annualised) ⓘ | 13.87% | 14.78% |
| Downside volatility ⓘ | 9.85% | 10.59% |
| Sharpe ratio ⓘ | 0.59 | 0.32 |
| Sortino ratio ⓘ | 0.83 | 0.45 |
| Maximum drawdown ⓘ | −44.14% | −35.36% |
| Recovery from that fall | 10 months | 6 months |
| Current fall from peak | −3.67% | −1.43% |
| Rolling 1-year return: worst | −38.99% | −27.94% |
| Rolling 1-year return: median | +12.21% | +10.66% |
| Rolling 1-year return: best | +86.87% | +95.53% |
| Share of 1-year periods with a loss | 21.10% | 17.47% |
Against each fund's benchmark
| HDFC ELSS - Tax Saver | Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) | |
|---|---|---|
| Beta ⓘ | 0.87 | 0.93 |
| Alpha (Jensen's, annualised) ⓘ | +2.74% | −0.23% |
| R² ⓘ | 92.65 | 94.84 |
| Upside capture | 96.18% | 95.75% |
| Downside capture | 79.24% | 96.40% |
| Tracking error | 4.36% | 3.57% |
| Information ratio | 0.60 | -0.14 |
| Treynor ratio | 7.28 | 3.45 |
Portfolio
Asset mix
| HDFC ELSS - Tax Saver | Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) | |
|---|---|---|
| Equity | 99.25% | 98.90% |
| Cash & equivalents | 0.41% | 1.04% |
| Debt | 0.34% | 0.06% |
Market-cap split (share of fund assets)
| HDFC ELSS - Tax Saver | Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) | |
|---|---|---|
| Large Cap | 78.44% | 54.45% |
| Mid Cap | 10.12% | 22.43% |
| Small Cap | 10.64% | 21.52% |
| Unclassified | 0.05% | 0.50% |
Concentration
| HDFC ELSS - Tax Saver | Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) | |
|---|---|---|
| Top 10 holdings | 50.58% | 30.99% |
| Effective number of stocks ⓘ | 27.8 | 50 |
| Securities held | 62 | 83 |
Portfolio overlap: 34.9%
19 companies are held by both funds; by weight, 34.9% of the two portfolios is the same. That is a moderate overlap.
| Held by both | HDFC ELSS - Tax Saver | Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) |
|---|---|---|
| ICICI Bank Limited | 9.06% | 7.17% |
| HDFC Bank Limited | 7.87% | 4.92% |
| Axis Bank Limited | 6.56% | 3.18% |
| Bharti Airtel Limited | 4.45% | 3.08% |
| Reliance Industries Limited | 2.64% | 2.46% |
| Eternal Limited | 2.41% | 2.05% |
| State Bank of India | 4.49% | 1.85% |
| Larsen & Toubro Limited | 1.59% | 2.10% |
| Maruti Suzuki India Limited | 4.40% | 1.53% |
| Kotak Mahindra Bank Limited | 4.88% | 1.11% |
| Tech Mahindra Limited | 1.02% | 1.38% |
| InterGlobe Aviation Limited | 1.37% | 1.00% |
| JSW Energy Limited | 0.97% | 1.68% |
| Mphasis Ltd. | 1.01% | 0.83% |
| Infosys Limited | 0.96% | 0.72% |
Top 10 holdings
HDFC ELSS - Tax Saver
- ICICI Bank Limited9.06%
- HDFC Bank Limited7.87%
- Axis Bank Limited6.56%
- Kotak Mahindra Bank Limited4.88%
- State Bank of India4.49%
- Bharti Airtel Limited4.45%
- Maruti Suzuki India Limited4.40%
- SBI Life Insurance Company Limited3.21%
- HCL Technologies Ltd.2.94%
- Hyundai Motor India Ltd.2.72%
Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS)
- ICICI Bank Limited7.17%
- HDFC Bank Limited4.92%
- Axis Bank Limited3.18%
- Bharti Airtel Limited3.08%
- Reliance Industries Limited2.46%
- Larsen & Toubro Limited2.10%
- JSW Infrastructure Ltd2.08%
- Eternal Limited2.05%
- Gabriel India Ltd.1.98%
- One 97 Communications Limited1.97%
Sector exposure
| HDFC ELSS - Tax Saver | Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) | |
|---|---|---|
| Banks | 34.16% | 21.79% |
| Automobiles | 10.86% | 2.17% |
| Auto Components | 1.42% | 6.58% |
| Pharmaceuticals & Biotechnology | 4.00% | 6.41% |
| IT - Software | 5.93% | 4.96% |
| Insurance | 5.91% | 1.17% |
| Chemicals & Petrochemicals | 0.00% | 5.02% |
| Telecom - Services | 4.45% | 3.08% |
| Electrical Equipment | 0.00% | 4.42% |
| Healthcare Services | 4.18% | 0.62% |
| Industrial Products | 0.68% | 3.93% |
| Construction | 1.59% | 3.71% |
| Consumer Durables | 0.85% | 3.42% |
| Ferrous Metals | 3.40% | 2.28% |
Questions people ask
What is the difference between HDFC ELSS - Tax Saver and Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return −1.57% vs +0.74%; 3-year CAGR +14.66% vs +11.26%; 5-year CAGR +14.27% vs +9.87%; 10-year CAGR +13.80% vs +13.40%. Past returns do not indicate future returns.
How do HDFC ELSS - Tax Saver and Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) compare on risk?
Volatility (36 monthly returns, annualised) 13.87% vs 14.78%; Sharpe ratio 0.59 vs 0.32; Sortino ratio 0.83 vs 0.45; maximum drawdown −44.14% vs −35.36%; beta 0.87 vs 0.93.
How much do HDFC ELSS - Tax Saver and Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) overlap?
By weight, 34.9% of the two portfolios is invested in the same companies; 19 stocks are held by both, the largest shared positions being ICICI Bank Limited, HDFC Bank Limited, Axis Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of HDFC ELSS - Tax Saver and Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS)?
HDFC ELSS - Tax Saver: large cap 78.4%, mid cap 10.1%, small cap 10.6%. Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS): large cap 54.5%, mid cap 22.4%, small cap 21.5% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 6 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.