ITI ELSS Tax Saver Fund vs NAVI ELSS TAX SAVER NIFTY50 INDEX FUND
ITI ELSS Tax Saver Fund and NAVI ELSS TAX SAVER NIFTY50 INDEX FUND are both ELSS (Tax Saving) funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +14.91% vs +9.40%, 5-year CAGR +12.25% vs —, volatility 20.06% vs 14.12%, maximum drawdown −38.49% vs −15.48%. Their portfolios overlap by 20.7% (12 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
| ITI ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX | |
|---|---|---|
| Fund house | ITI Mutual Fund | Navi Mutual Fund |
| Compared as | ELSS (Tax Saving) | ELSS (Tax Saving) |
| NAV | ₹27.7825 | ₹14.9381 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 25 Oct 2019 | 21 Mar 2023 |
| Track record | 7.0 yrs | 3.6 yrs |
| Fund size (AUM) | ₹445 Cr | ₹145 Cr |
| Securities held | 71 | 50 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| ITI ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX | |
|---|---|---|
| 1 month | −0.88% | +7.75% |
| 3 months | −5.55% | −0.35% |
| 6 months | −1.55% | +1.59% |
| 1 year | −1.95% | −3.38% |
| 3 years (CAGR) | +14.91% | +9.40% |
| 5 years (CAGR) | +12.25% | — |
| 7 years (CAGR) | +15.16% | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +15.54% | +11.48% |
| SIP return (XIRR, 5 years) ⓘ | +13.01% | — |
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
| ITI ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX | |
|---|---|---|
| 2026 (year to date) | +0.16% | −5.36% |
| 2025 | +4.45% | +11.64% |
| 2024 | +24.47% | +9.73% |
| 2023 | +39.06% | — |
| 2022 | +4.60% | — |
| 2021 | +21.63% | — |
Risk
| ITI ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX | |
|---|---|---|
| Volatility (annualised) ⓘ | 20.06% | 14.12% |
| Downside volatility ⓘ | 13.11% | 10.21% |
| Sharpe ratio ⓘ | 0.42 | 0.21 |
| Sortino ratio ⓘ | 0.64 | 0.29 |
| Maximum drawdown ⓘ | −38.49% | −15.48% |
| Recovery from that fall | 8 months | 8 months |
| Current fall from peak | −5.77% | −6.07% |
| Rolling 1-year return: worst | −14.81% | −11.96% |
| Rolling 1-year return: median | +11.48% | +7.79% |
| Rolling 1-year return: best | +96.13% | +34.06% |
| Share of 1-year periods with a loss | 16.22% | 23.42% |
Against each fund's benchmark
| ITI ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX | |
|---|---|---|
| Beta ⓘ | 1.23 | 0.86 |
| Alpha (Jensen's, annualised) ⓘ | +2.95% | −2.14% |
| R² ⓘ | 86.24 | 92.79 |
| Upside capture | 136.40% | 81.22% |
| Downside capture | 136.50% | 85.85% |
| Tracking error | 8.48% | 4.34% |
| Information ratio | 0.41 | -0.63 |
| Treynor ratio | 5.80 | 1.12 |
Portfolio
Asset mix
| ITI ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX | |
|---|---|---|
| Equity | 98.97% | 100.05% |
| Cash & equivalents | 1.03% | -0.05% |
Market-cap split (share of fund assets)
| ITI ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX | |
|---|---|---|
| Large Cap | 28.61% | 98.67% |
| Mid Cap | 7.30% | 1.38% |
| Small Cap | 60.00% | 0.00% |
| Unclassified | 3.06% | 0.00% |
Concentration
| ITI ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX | |
|---|---|---|
| Top 10 holdings | 25.08% | 52.31% |
| Effective number of stocks ⓘ | 61.2 | 24.4 |
| Securities held | 71 | 50 |
Portfolio overlap: 20.7%
12 companies are held by both funds; by weight, 20.7% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | ITI ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX |
|---|---|---|
| Bajaj Finance Limited | 2.54% | 2.50% |
| HDFC Bank Limited | 2.39% | 10.38% |
| State Bank of India | 2.34% | 3.79% |
| Mahindra & Mahindra Limited | 2.21% | 2.52% |
| Axis Bank Limited | 2.19% | 3.37% |
| ICICI Bank Limited | 1.86% | 9.05% |
| Larsen & Toubro Limited | 1.54% | 4.21% |
| Bharti Airtel Limited | 1.48% | 5.11% |
| NTPC Limited | 1.46% | 1.47% |
| Shriram Finance Limited | 1.18% | 1.32% |
| Kotak Mahindra Bank Limited | 0.83% | 2.93% |
| Eternal Limited | 0.74% | 2.22% |
Top 10 holdings
ITI ELSS Tax Saver
- TVS Motor Company Ltd.2.90%
- Cholamandalam Investment and Finance Company Ltd2.80%
- Sansera Engineering Limited2.80%
- Welspun Corp Limited2.65%
- Bajaj Finance Limited2.54%
- HDFC Bank Limited2.39%
- State Bank of India2.34%
- Sanghvi Movers Limited2.25%
- Mahindra & Mahindra Limited2.21%
- IIFL Finance Limited2.20%
NAVI ELSS TAX SAVER NIFTY50 INDEX
- HDFC Bank Limited10.38%
- ICICI Bank Limited9.05%
- Reliance Industries Limited7.59%
- Bharti Airtel Limited5.11%
- Larsen & Toubro Limited4.21%
- State Bank of India3.79%
- Axis Bank Limited3.37%
- Infosys Limited3.36%
- Kotak Mahindra Bank Limited2.93%
- Mahindra & Mahindra Limited2.52%
Sector exposure
| ITI ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX | |
|---|---|---|
| Banks | 13.99% | 29.52% |
| Finance | 17.36% | 5.46% |
| Industrial Products | 10.26% | 0.00% |
| Petroleum Products | 1.78% | 7.59% |
| IT - Software | 0.00% | 7.53% |
| Automobiles | 5.11% | 6.65% |
| Auto Components | 6.05% | 0.00% |
| Pharmaceuticals & Biotechnology | 5.24% | 3.28% |
| Telecom - Services | 1.48% | 5.11% |
| Commercial Services & Supplies | 4.70% | 0.00% |
| Construction | 3.01% | 4.21% |
| Consumer Durables | 4.16% | 2.85% |
| Diversified FMCG | 0.00% | 4.01% |
| Realty | 3.19% | 0.00% |
Questions people ask
What is the difference between ITI ELSS Tax Saver and NAVI ELSS TAX SAVER NIFTY50 INDEX returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return −1.95% vs −3.38%; 3-year CAGR +14.91% vs +9.40%; 5-year CAGR +12.25% vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do ITI ELSS Tax Saver and NAVI ELSS TAX SAVER NIFTY50 INDEX compare on risk?
Volatility (36 monthly returns, annualised) 20.06% vs 14.12%; Sharpe ratio 0.42 vs 0.21; Sortino ratio 0.64 vs 0.29; maximum drawdown −38.49% vs −15.48%; beta 1.23 vs 0.86.
How much do ITI ELSS Tax Saver and NAVI ELSS TAX SAVER NIFTY50 INDEX overlap?
By weight, 20.7% of the two portfolios is invested in the same companies; 12 stocks are held by both, the largest shared positions being Bajaj Finance Limited, HDFC Bank Limited, State Bank of India. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of ITI ELSS Tax Saver and NAVI ELSS TAX SAVER NIFTY50 INDEX?
ITI ELSS Tax Saver: large cap 28.6%, mid cap 7.3%, small cap 60.0%. NAVI ELSS TAX SAVER NIFTY50 INDEX: large cap 98.7%, mid cap 1.4%, small cap 0.0% (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 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.