NAVI ELSS TAX SAVER NIFTY50 INDEX FUND vs SBI ELSS Tax Saver Fund
NAVI ELSS TAX SAVER NIFTY50 INDEX FUND and SBI ELSS Tax Saver Fund are both ELSS (Tax Saving) funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +9.40% vs +14.67%, 5-year CAGR — vs +14.04%, volatility 14.12% vs 15.07%, maximum drawdown −15.48% vs −38.20%. Their portfolios overlap by 43.1% (23 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
| NAVI ELSS TAX SAVER NIFTY50 INDEX | SBI ELSS Tax Saver | |
|---|---|---|
| Fund house | Navi Mutual Fund | SBI Mutual Fund |
| Compared as | ELSS (Tax Saving) | ELSS (Tax Saving) |
| NAV | ₹14.9381 | ₹467.2039 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 21 Mar 2023 | 2 Jan 2013 |
| Track record | 3.6 yrs | 13.8 yrs |
| Fund size (AUM) | ₹145 Cr | ₹30,027 Cr |
| Securities held | 50 | 91 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| NAVI ELSS TAX SAVER NIFTY50 INDEX | SBI ELSS Tax Saver | |
|---|---|---|
| 1 month | +7.75% | +4.59% |
| 3 months | −0.35% | −2.70% |
| 6 months | +1.59% | −1.34% |
| 1 year | −3.38% | −3.34% |
| 3 years (CAGR) | +9.40% | +14.67% |
| 5 years (CAGR) | — | +14.04% |
| 7 years (CAGR) | — | +17.70% |
| 10 years (CAGR) | — | +14.59% |
| Since launch (CAGR) | +11.48% | +14.96% |
| SIP return (XIRR, 5 years) ⓘ | — | +12.91% |
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
| NAVI ELSS TAX SAVER NIFTY50 INDEX | SBI ELSS Tax Saver | |
|---|---|---|
| 2026 (year to date) | −5.36% | −5.07% |
| 2025 | +11.64% | +7.28% |
| 2024 | +9.73% | +28.61% |
| 2023 | — | +41.00% |
| 2022 | — | +7.58% |
| 2021 | — | +31.86% |
Risk
| NAVI ELSS TAX SAVER NIFTY50 INDEX | SBI ELSS Tax Saver | |
|---|---|---|
| Volatility (annualised) ⓘ | 14.12% | 15.07% |
| Downside volatility ⓘ | 10.21% | 10.39% |
| Sharpe ratio ⓘ | 0.21 | 0.54 |
| Sortino ratio ⓘ | 0.29 | 0.79 |
| Maximum drawdown ⓘ | −15.48% | −38.20% |
| Recovery from that fall | 8 months | 8 months |
| Current fall from peak | −6.07% | −5.73% |
| Rolling 1-year return: worst | −11.96% | −33.13% |
| Rolling 1-year return: median | +7.79% | +10.80% |
| Rolling 1-year return: best | +34.06% | +94.59% |
| Share of 1-year periods with a loss | 23.42% | 16.85% |
Against each fund's benchmark
| NAVI ELSS TAX SAVER NIFTY50 INDEX | SBI ELSS Tax Saver | |
|---|---|---|
| Beta ⓘ | 0.86 | 0.96 |
| Alpha (Jensen's, annualised) ⓘ | −2.14% | +2.93% |
| R² ⓘ | 92.79 | 93.74 |
| Upside capture | 81.22% | 104.52% |
| Downside capture | 85.85% | 89.57% |
| Tracking error | 4.34% | 3.94% |
| Information ratio | -0.63 | 0.78 |
| Treynor ratio | 1.12 | 7.03 |
Portfolio
Asset mix
| NAVI ELSS TAX SAVER NIFTY50 INDEX | SBI ELSS Tax Saver | |
|---|---|---|
| Equity | 100.05% | 95.51% |
| Cash & equivalents | -0.05% | 4.32% |
| Debt | 0.00% | 0.17% |
Market-cap split (share of fund assets)
| NAVI ELSS TAX SAVER NIFTY50 INDEX | SBI ELSS Tax Saver | |
|---|---|---|
| Large Cap | 98.67% | 63.31% |
| Mid Cap | 1.38% | 16.90% |
| Small Cap | 0.00% | 15.24% |
| Unclassified | 0.00% | 0.06% |
Concentration
| NAVI ELSS TAX SAVER NIFTY50 INDEX | SBI ELSS Tax Saver | |
|---|---|---|
| Top 10 holdings | 52.31% | 38.58% |
| Effective number of stocks ⓘ | 24.4 | 41.9 |
| Securities held | 50 | 91 |
Portfolio overlap: 43.1%
23 companies are held by both funds; by weight, 43.1% of the two portfolios is the same. That is a moderate overlap.
| Held by both | NAVI ELSS TAX SAVER NIFTY50 INDEX | SBI ELSS Tax Saver |
|---|---|---|
| ICICI Bank Limited | 9.05% | 6.45% |
| HDFC Bank Limited | 10.38% | 5.92% |
| Reliance Industries Limited | 7.59% | 4.65% |
| Kotak Mahindra Bank Limited | 2.93% | 6.76% |
| Larsen & Toubro Limited | 4.21% | 2.84% |
| Bajaj Finance Limited | 2.50% | 2.65% |
| Axis Bank Limited | 3.37% | 1.80% |
| Bharti Airtel Limited | 5.11% | 1.79% |
| Sun Pharmaceutical Industries Limited | 1.84% | 1.65% |
| Hindalco Industries Limited | 1.30% | 1.44% |
| Maruti Suzuki India Limited | 1.49% | 1.20% |
| Asian Paints Limited | 1.04% | 1.27% |
| Mahindra & Mahindra Limited | 2.52% | 0.98% |
| Eicher Motors Ltd. | 0.94% | 1.04% |
| Adani Enterprises Limited | 0.94% | 2.93% |
Top 10 holdings
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%
SBI ELSS Tax Saver
- Kotak Mahindra Bank Limited6.76%
- ICICI Bank Limited6.45%
- HDFC Bank Limited5.92%
- Reliance Industries Limited4.65%
- Adani Enterprises Limited2.93%
- Larsen & Toubro Limited2.84%
- Bajaj Finance Limited2.65%
- Torrent Power Ltd.2.33%
- Cipla Limited2.13%
- FSN E-Commerce Ventures Limited1.92%
Sector exposure
| NAVI ELSS TAX SAVER NIFTY50 INDEX | SBI ELSS Tax Saver | |
|---|---|---|
| Banks | 29.52% | 23.41% |
| Finance | 5.46% | 8.55% |
| Petroleum Products | 7.59% | 4.65% |
| IT - Software | 7.53% | 4.14% |
| Automobiles | 6.65% | 3.26% |
| Pharmaceuticals & Biotechnology | 3.28% | 5.41% |
| Telecom - Services | 5.11% | 2.67% |
| Construction | 4.21% | 2.84% |
| Auto Components | 0.00% | 4.09% |
| Power | 2.60% | 4.06% |
| Diversified FMCG | 4.01% | 0.00% |
| Industrial Products | 0.00% | 3.79% |
| Insurance | 1.27% | 3.49% |
| Consumer Durables | 2.85% | 3.17% |
Questions people ask
What is the difference between NAVI ELSS TAX SAVER NIFTY50 INDEX and SBI ELSS Tax Saver returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return −3.38% vs −3.34%; 3-year CAGR +9.40% vs +14.67%; 5-year CAGR — vs +14.04%; 10-year CAGR — vs +14.59%. Past returns do not indicate future returns.
How do NAVI ELSS TAX SAVER NIFTY50 INDEX and SBI ELSS Tax Saver compare on risk?
Volatility (36 monthly returns, annualised) 14.12% vs 15.07%; Sharpe ratio 0.21 vs 0.54; Sortino ratio 0.29 vs 0.79; maximum drawdown −15.48% vs −38.20%; beta 0.86 vs 0.96.
How much do NAVI ELSS TAX SAVER NIFTY50 INDEX and SBI ELSS Tax Saver overlap?
By weight, 43.1% of the two portfolios is invested in the same companies; 23 stocks are held by both, the largest shared positions being ICICI Bank Limited, HDFC Bank Limited, Reliance Industries Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of NAVI ELSS TAX SAVER NIFTY50 INDEX and SBI ELSS Tax Saver?
NAVI ELSS TAX SAVER NIFTY50 INDEX: large cap 98.7%, mid cap 1.4%, small cap 0.0%. SBI ELSS Tax Saver: large cap 63.3%, mid cap 16.9%, small cap 15.2% (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.