ICICI Prudential ELSS - Tax Saver Fund vs Kotak ELSS Tax Saver Fund
ICICI Prudential ELSS - Tax Saver Fund and Kotak ELSS Tax Saver Fund are both ELSS (Tax Saving) funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +12.31% vs +12.89%, 5-year CAGR +9.48% vs +12.02%, volatility 14.11% vs 15.61%, maximum drawdown −37.51% vs −36.43%. Their portfolios overlap by 36% (18 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
| ICICI Prudential ELSS - Tax Saver | Kotak ELSS Tax Saver | |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Kotak Mahindra Mutual Fund |
| Compared as | ELSS (Tax Saving) | ELSS (Tax Saving) |
| NAV | ₹1,046.7600 | ₹141.4590 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 2 Jan 2013 | 2 Jan 2013 |
| Track record | 13.8 yrs | 13.8 yrs |
| Fund size (AUM) | ₹13,498 Cr | ₹6,071 Cr |
| Securities held | 85 | 53 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| ICICI Prudential ELSS - Tax Saver | Kotak ELSS Tax Saver | |
|---|---|---|
| 1 month | +4.39% | +4.63% |
| 3 months | −1.88% | +0.36% |
| 6 months | +1.36% | +4.42% |
| 1 year | −1.96% | +2.79% |
| 3 years (CAGR) | +12.31% | +12.89% |
| 5 years (CAGR) | +9.48% | +12.02% |
| 7 years (CAGR) | +14.31% | +16.19% |
| 10 years (CAGR) | +12.91% | +14.69% |
| Since launch (CAGR) | +14.55% | +15.01% |
| SIP return (XIRR, 5 years) ⓘ | +9.94% | +11.29% |
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
| ICICI Prudential ELSS - Tax Saver | Kotak ELSS Tax Saver | |
|---|---|---|
| 2026 (year to date) | −2.24% | +2.34% |
| 2025 | +10.60% | +2.92% |
| 2024 | +17.20% | +23.31% |
| 2023 | +23.96% | +25.20% |
| 2022 | +3.06% | +8.37% |
| 2021 | +34.65% | +35.05% |
Risk
| ICICI Prudential ELSS - Tax Saver | Kotak ELSS Tax Saver | |
|---|---|---|
| Volatility (annualised) ⓘ | 14.11% | 15.61% |
| Downside volatility ⓘ | 9.82% | 11.22% |
| Sharpe ratio ⓘ | 0.41 | 0.41 |
| Sortino ratio ⓘ | 0.59 | 0.57 |
| Maximum drawdown ⓘ | −37.51% | −36.43% |
| Recovery from that fall | 8 months | 8 months |
| Current fall from peak | −3.45% | −1.49% |
| Rolling 1-year return: worst | −32.16% | −26.73% |
| Rolling 1-year return: median | +11.67% | +13.39% |
| Rolling 1-year return: best | +94.98% | +91.13% |
| Share of 1-year periods with a loss | 12.53% | 15.32% |
Against each fund's benchmark
| ICICI Prudential ELSS - Tax Saver | Kotak ELSS Tax Saver | |
|---|---|---|
| Beta ⓘ | 0.88 | 0.95 |
| Alpha (Jensen's, annualised) ⓘ | +0.60% | +0.77% |
| R² ⓘ | 93.04 | 92.71 |
| Upside capture | 94.84% | 104.46% |
| Downside capture | 90.65% | 104.00% |
| Tracking error | 4.21% | 4.25% |
| Information ratio | 0.07 | 0.15 |
| Treynor ratio | 4.52 | 4.53 |
Portfolio
Asset mix
| ICICI Prudential ELSS - Tax Saver | Kotak ELSS Tax Saver | |
|---|---|---|
| Equity | 96.01% | 98.48% |
| Cash & equivalents | 4.00% | 1.52% |
Market-cap split (share of fund assets)
| ICICI Prudential ELSS - Tax Saver | Kotak ELSS Tax Saver | |
|---|---|---|
| Large Cap | 72.46% | 60.58% |
| Mid Cap | 6.41% | 21.46% |
| Small Cap | 17.10% | 15.49% |
| Unclassified | 0.03% | 0.95% |
Concentration
| ICICI Prudential ELSS - Tax Saver | Kotak ELSS Tax Saver | |
|---|---|---|
| Top 10 holdings | 51.60% | 37.25% |
| Effective number of stocks ⓘ | 29.9 | 38.5 |
| Securities held | 85 | 53 |
Portfolio overlap: 36%
18 companies are held by both funds; by weight, 36% of the two portfolios is the same. That is a moderate overlap.
| Held by both | ICICI Prudential ELSS - Tax Saver | Kotak ELSS Tax Saver |
|---|---|---|
| HDFC Bank Limited | 7.24% | 7.00% |
| ICICI Bank Limited | 7.90% | 5.01% |
| NTPC Limited | 3.34% | 2.76% |
| Larsen & Toubro Limited | 4.20% | 2.48% |
| Sun Pharmaceutical Industries Limited | 4.71% | 2.39% |
| Axis Bank Limited | 5.68% | 2.02% |
| Eternal Limited | 1.97% | 3.16% |
| Bharti Airtel Limited | 1.83% | 3.47% |
| InterGlobe Aviation Limited | 1.79% | 1.85% |
| UltraTech Cement Limited | 2.32% | 1.71% |
| TVS Motor Company Ltd. | 4.86% | 1.69% |
| Reliance Industries Limited | 4.98% | 1.60% |
| State Bank of India | 1.49% | 4.98% |
| Mahindra & Mahindra Limited | 1.32% | 1.70% |
| IndusInd Bank Limited | 0.44% | 1.34% |
Top 10 holdings
ICICI Prudential ELSS - Tax Saver
- ICICI Bank Limited7.90%
- HDFC Bank Limited7.24%
- Axis Bank Limited5.68%
- Avenue Supermarts Ltd.5.39%
- Reliance Industries Limited4.98%
- TVS Motor Company Ltd.4.86%
- Sun Pharmaceutical Industries Limited4.71%
- Larsen & Toubro Limited4.20%
- NTPC Limited3.34%
- Maruti Suzuki India Limited3.29%
Kotak ELSS Tax Saver
- HDFC Bank Limited7.00%
- ICICI Bank Limited5.01%
- State Bank of India4.98%
- Bharti Airtel Limited3.47%
- Eternal Limited3.16%
- Tech Mahindra Limited3.01%
- NTPC Limited2.76%
- Divi's Laboratories Limited2.68%
- Hero MotoCorp Limited2.59%
- Dixon Technologies (India) Limited2.59%
Sector exposure
| ICICI Prudential ELSS - Tax Saver | Kotak ELSS Tax Saver | |
|---|---|---|
| Banks | 22.74% | 22.96% |
| Automobiles | 10.55% | 5.98% |
| Retailing | 9.07% | 6.45% |
| Pharmaceuticals & Biotechnology | 6.69% | 7.51% |
| Finance | 3.67% | 6.36% |
| Construction | 4.47% | 6.10% |
| Petroleum Products | 4.98% | 3.76% |
| Chemicals & Petrochemicals | 0.20% | 4.84% |
| Telecom - Services | 1.83% | 4.33% |
| Leisure Services | 3.54% | 0.00% |
| Power | 3.34% | 2.76% |
| Consumer Durables | 0.69% | 3.14% |
| Cement & Cement Products | 3.12% | 1.71% |
| IT - Software | 1.44% | 3.01% |
Questions people ask
What is the difference between ICICI Prudential ELSS - Tax Saver and Kotak ELSS Tax Saver returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return −1.96% vs +2.79%; 3-year CAGR +12.31% vs +12.89%; 5-year CAGR +9.48% vs +12.02%; 10-year CAGR +12.91% vs +14.69%. Past returns do not indicate future returns.
How do ICICI Prudential ELSS - Tax Saver and Kotak ELSS Tax Saver compare on risk?
Volatility (36 monthly returns, annualised) 14.11% vs 15.61%; Sharpe ratio 0.41 vs 0.41; Sortino ratio 0.59 vs 0.57; maximum drawdown −37.51% vs −36.43%; beta 0.88 vs 0.95.
How much do ICICI Prudential ELSS - Tax Saver and Kotak ELSS Tax Saver overlap?
By weight, 36% of the two portfolios is invested in the same companies; 18 stocks are held by both, the largest shared positions being HDFC Bank Limited, ICICI Bank Limited, NTPC Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of ICICI Prudential ELSS - Tax Saver and Kotak ELSS Tax Saver?
ICICI Prudential ELSS - Tax Saver: large cap 72.5%, mid cap 6.4%, small cap 17.1%. Kotak ELSS Tax Saver: large cap 60.6%, mid cap 21.5%, small cap 15.5% (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.
More comparisons
ICICI Prudential ELSS - Tax Saver vs
- ICICI Prudential ELSS - Tax Saver vs Shriram ELSS Tax Saver
- ICICI Prudential ELSS - Tax Saver vs Sundaram Long Term Tax Advantage Fund Series IV
- ICICI Prudential ELSS - Tax Saver vs Aditya Birla Sun Life ELSS Tax Saver
- ICICI Prudential ELSS - Tax Saver vs Baroda BNP Paribas ELSS Tax Saver
- ICICI Prudential ELSS - Tax Saver vs HSBC ELSS Tax saver
- ICICI Prudential ELSS - Tax Saver vs Mahindra Manulife ELSS Tax Saver
Kotak ELSS Tax Saver vs
- Kotak ELSS Tax Saver vs LIC MF Unit Linked Insurance Scheme (ULIS)
- Kotak ELSS Tax Saver vs Parag Parikh ELSS Tax Saver
- Kotak ELSS Tax Saver vs SBI Long Term Advantage Fund - Series V
- Kotak ELSS Tax Saver vs SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE SERIES V
- Kotak ELSS Tax Saver vs UTI - Master Equity Plan Unit Scheme
- Kotak ELSS Tax Saver vs BANK OF INDIA MID CAP TAX FUND SERIES 1
All ELSS (Tax Saving) comparisons → · Compare up to six funds yourself → · Every fund in this category → · All comparisons →
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 5 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.