Motilal Oswal ELSS Tax Saver Fund vs NAVI ELSS TAX SAVER NIFTY50 INDEX FUND
Motilal Oswal 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 +20.54% vs +9.40%, 5-year CAGR +16.26% vs —, volatility 21.64% vs 14.12%, maximum drawdown −37.72% vs −15.48%. Their portfolios overlap by 1.3% (1 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
| Motilal Oswal ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX | |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | Navi Mutual Fund |
| Compared as | ELSS (Tax Saving) | ELSS (Tax Saving) |
| NAV | ₹63.9249 | ₹14.9381 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 22 Jan 2015 | 21 Mar 2023 |
| Track record | 11.8 yrs | 3.6 yrs |
| Fund size (AUM) | ₹4,890 Cr | ₹145 Cr |
| Securities held | 30 | 50 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Motilal Oswal ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX | |
|---|---|---|
| 1 month | −0.93% | +7.75% |
| 3 months | −1.76% | −0.35% |
| 6 months | +0.48% | +1.59% |
| 1 year | +6.71% | −3.38% |
| 3 years (CAGR) | +20.54% | +9.40% |
| 5 years (CAGR) | +16.26% | — |
| 7 years (CAGR) | +18.51% | — |
| 10 years (CAGR) | +16.98% | — |
| Since launch (CAGR) | +16.95% | +11.48% |
| SIP return (XIRR, 5 years) ⓘ | +17.65% | — |
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
| Motilal Oswal ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX | |
|---|---|---|
| 2026 (year to date) | +9.83% | −5.36% |
| 2025 | −8.00% | +11.64% |
| 2024 | +49.50% | +9.73% |
| 2023 | +38.71% | — |
| 2022 | +3.03% | — |
| 2021 | +33.77% | — |
Risk
| Motilal Oswal ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX | |
|---|---|---|
| Volatility (annualised) ⓘ | 21.64% | 14.12% |
| Downside volatility ⓘ | 13.96% | 10.21% |
| Sharpe ratio ⓘ | 0.65 | 0.21 |
| Sortino ratio ⓘ | 1.01 | 0.29 |
| Maximum drawdown ⓘ | −37.72% | −15.48% |
| Recovery from that fall | 9 months | 8 months |
| Current fall from peak | −5.91% | −6.07% |
| Rolling 1-year return: worst | −27.30% | −11.96% |
| Rolling 1-year return: median | +13.72% | +7.79% |
| Rolling 1-year return: best | +84.45% | +34.06% |
| Share of 1-year periods with a loss | 21.41% | 23.42% |
Against each fund's benchmark
| Motilal Oswal ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX | |
|---|---|---|
| Beta ⓘ | 1.16 | 0.86 |
| Alpha (Jensen's, annualised) ⓘ | +8.76% | −2.14% |
| R² ⓘ | 67.34 | 92.79 |
| Upside capture | 148.85% | 81.22% |
| Downside capture | 121.42% | 85.85% |
| Tracking error | 12.95% | 4.34% |
| Information ratio | 0.73 | -0.63 |
| Treynor ratio | 11.26 | 1.12 |
Portfolio
Asset mix
| Motilal Oswal ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX | |
|---|---|---|
| Equity | 96.62% | 100.05% |
| Cash & equivalents | 3.38% | -0.05% |
Market-cap split (share of fund assets)
| Motilal Oswal ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX | |
|---|---|---|
| Large Cap | 9.46% | 98.67% |
| Mid Cap | 35.61% | 1.38% |
| Small Cap | 48.57% | 0.00% |
| Unclassified | 2.98% | 0.00% |
Concentration
| Motilal Oswal ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX | |
|---|---|---|
| Top 10 holdings | 44.73% | 52.31% |
| Effective number of stocks ⓘ | 28.7 | 24.4 |
| Securities held | 30 | 50 |
Portfolio overlap: 1.3%
1 companies are held by both funds; by weight, 1.3% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | Motilal Oswal ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX |
|---|---|---|
| Shriram Finance Limited | 3.42% | 1.32% |
Top 10 holdings
Motilal Oswal ELSS Tax Saver
- Multi Commodity Exchange of India Limited5.74%
- PTC Industries Ltd5.23%
- One 97 Communications Limited4.80%
- Sterlite Technologies Limited4.54%
- MTAR Technologies Limited4.32%
- Gujarat Fluorochemicals Limited4.22%
- Shaily Engineering Plastics Limited4.18%
- Zen Technologies Limited3.91%
- Apar Industries Limited3.91%
- S.J.S. Enterprises Limited3.88%
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
| Motilal Oswal ELSS Tax Saver | NAVI ELSS TAX SAVER NIFTY50 INDEX | |
|---|---|---|
| Banks | 0.00% | 29.52% |
| Electrical Equipment | 15.77% | 0.00% |
| Capital Markets | 10.68% | 1.21% |
| Finance | 10.24% | 5.46% |
| Aerospace & Defense | 7.77% | 1.33% |
| Industrial Products | 7.72% | 0.00% |
| Petroleum Products | 0.00% | 7.59% |
| IT - Software | 0.00% | 7.53% |
| Consumer Durables | 6.87% | 2.85% |
| Automobiles | 6.36% | 6.65% |
| Telecom - Services | 0.00% | 5.11% |
| Financial Technology (Fintech) | 4.80% | 0.00% |
| Telecom - Equipment & Accessories | 4.54% | 0.00% |
| Chemicals & Petrochemicals | 4.22% | 0.00% |
Questions people ask
What is the difference between Motilal Oswal ELSS Tax Saver and NAVI ELSS TAX SAVER NIFTY50 INDEX returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +6.71% vs −3.38%; 3-year CAGR +20.54% vs +9.40%; 5-year CAGR +16.26% vs —; 10-year CAGR +16.98% vs —. Past returns do not indicate future returns.
How do Motilal Oswal ELSS Tax Saver and NAVI ELSS TAX SAVER NIFTY50 INDEX compare on risk?
Volatility (36 monthly returns, annualised) 21.64% vs 14.12%; Sharpe ratio 0.65 vs 0.21; Sortino ratio 1.01 vs 0.29; maximum drawdown −37.72% vs −15.48%; beta 1.16 vs 0.86.
How much do Motilal Oswal ELSS Tax Saver and NAVI ELSS TAX SAVER NIFTY50 INDEX overlap?
By weight, 1.3% of the two portfolios is invested in the same companies; 1 stocks are held by both, the largest shared positions being Shriram Finance Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Motilal Oswal ELSS Tax Saver and NAVI ELSS TAX SAVER NIFTY50 INDEX?
Motilal Oswal ELSS Tax Saver: large cap 9.5%, mid cap 35.6%, small cap 48.6%. 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.