Tata ELSS - Tax Saver Fund vs UTI - Master Equity Plan Unit Scheme
Tata ELSS - Tax Saver Fund and UTI - Master Equity Plan Unit Scheme are both ELSS (Tax Saving) funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +13.37% vs +9.05%, 5-year CAGR +11.19% vs +6.99%, volatility 15.99% vs 13.89%, maximum drawdown −36.77% vs −54.56%. Their portfolios overlap by 36.6% (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
| Tata ELSS - Tax Saver | UTI - Master Equity Plan Unit Scheme | |
|---|---|---|
| Fund house | Tata Mutual Fund | UTI Mutual Fund |
| Compared as | ELSS (Tax Saving) | ELSS (Tax Saving) |
| NAV | ₹53.4923 | ₹228.0261 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 14 Oct 2014 | 18 Jul 2006 |
| Track record | 12.1 yrs | 20.3 yrs |
| Fund size (AUM) | ₹4,427 Cr | — |
| Securities held | 62 | 68 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Tata ELSS - Tax Saver | UTI - Master Equity Plan Unit Scheme | |
|---|---|---|
| 1 month | +2.37% | +6.82% |
| 3 months | −2.98% | +0.28% |
| 6 months | +0.61% | +3.46% |
| 1 year | +2.14% | −2.38% |
| 3 years (CAGR) | +13.37% | +9.05% |
| 5 years (CAGR) | +11.19% | +6.99% |
| 7 years (CAGR) | +14.98% | +10.99% |
| 10 years (CAGR) | +14.40% | +10.23% |
| Since launch (CAGR) | +14.93% | +10.55% |
| SIP return (XIRR, 5 years) ⓘ | +11.31% | +7.18% |
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
| Tata ELSS - Tax Saver | UTI - Master Equity Plan Unit Scheme | |
|---|---|---|
| 2026 (year to date) | +0.62% | −3.90% |
| 2025 | +6.11% | +8.50% |
| 2024 | +20.81% | +11.31% |
| 2023 | +25.44% | +21.08% |
| 2022 | +7.17% | +1.24% |
| 2021 | +32.06% | +29.14% |
Risk
| Tata ELSS - Tax Saver | UTI - Master Equity Plan Unit Scheme | |
|---|---|---|
| Volatility (annualised) ⓘ | 15.99% | 13.89% |
| Downside volatility ⓘ | 11.05% | 10.31% |
| Sharpe ratio ⓘ | 0.43 | 0.19 |
| Sortino ratio ⓘ | 0.62 | 0.25 |
| Maximum drawdown ⓘ | −36.77% | −54.56% |
| Recovery from that fall | 8 months | 61 months |
| Current fall from peak | −4.08% | −6.24% |
| Rolling 1-year return: worst | −29.74% | −50.15% |
| Rolling 1-year return: median | +12.39% | +9.01% |
| Rolling 1-year return: best | +91.23% | +86.85% |
| Share of 1-year periods with a loss | 13.10% | 24.91% |
Against each fund's benchmark
| Tata ELSS - Tax Saver | UTI - Master Equity Plan Unit Scheme | |
|---|---|---|
| Beta ⓘ | 1.00 | 0.85 |
| Alpha (Jensen's, annualised) ⓘ | +1.46% | −2.23% |
| R² ⓘ | 95.25 | 92.28 |
| Upside capture | 107.31% | 79.92% |
| Downside capture | 102.86% | 84.52% |
| Tracking error | 3.50% | 4.51% |
| Information ratio | 0.44 | -0.63 |
| Treynor ratio | 5.22 | 0.98 |
Portfolio
Asset mix
| Tata ELSS - Tax Saver | UTI - Master Equity Plan Unit Scheme | |
|---|---|---|
| Equity | 97.80% | 94.07% |
| Cash & equivalents | 2.20% | 5.50% |
| Debt | 0.00% | 0.38% |
Market-cap split (share of fund assets)
| Tata ELSS - Tax Saver | UTI - Master Equity Plan Unit Scheme | |
|---|---|---|
| Large Cap | 57.90% | 81.38% |
| Mid Cap | 15.82% | 10.16% |
| Small Cap | 21.04% | 2.23% |
| Unclassified | 3.04% | 0.30% |
Concentration
| Tata ELSS - Tax Saver | UTI - Master Equity Plan Unit Scheme | |
|---|---|---|
| Top 10 holdings | 38.16% | 48.58% |
| Effective number of stocks ⓘ | 41.3 | 30.1 |
| Securities held | 62 | 68 |
Portfolio overlap: 36.6%
23 companies are held by both funds; by weight, 36.6% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Tata ELSS - Tax Saver | UTI - Master Equity Plan Unit Scheme |
|---|---|---|
| HDFC Bank Limited | 5.14% | 9.10% |
| ICICI Bank Limited | 4.89% | 8.93% |
| Bharti Airtel Limited | 5.66% | 4.07% |
| Reliance Industries Limited | 3.62% | 5.03% |
| Larsen & Toubro Limited | 2.99% | 4.06% |
| Infosys Limited | 1.83% | 3.18% |
| UltraTech Cement Limited | 1.73% | 1.82% |
| Bajaj Finance Limited | 1.69% | 3.21% |
| State Bank of India | 4.42% | 1.62% |
| Eternal Limited | 1.47% | 2.82% |
| Coal India Limited | 1.16% | 1.15% |
| SBI Life Insurance Company Limited | 1.15% | 1.16% |
| Vedanta Aluminium Metal Limited | 0.77% | 0.78% |
| Tata Motors Ltd | 0.73% | 0.78% |
| Kotak Mahindra Bank Limited | 0.63% | 5.04% |
Top 10 holdings
Tata ELSS - Tax Saver
- Bharti Airtel Limited5.66%
- HDFC Bank Limited5.14%
- ICICI Bank Limited4.89%
- State Bank of India4.42%
- Reliance Industries Limited3.62%
- Samvardhana Motherson International Limited3.32%
- Larsen & Toubro Limited2.99%
- Pricol Limited2.84%
- Motilal Oswal Financial Services Ltd.2.76%
- NTPC Limited2.52%
UTI - Master Equity Plan Unit Scheme
- HDFC Bank Limited9.10%
- ICICI Bank Limited8.93%
- Kotak Mahindra Bank Limited5.04%
- Reliance Industries Limited5.03%
- Bharti Airtel Limited4.07%
- Larsen & Toubro Limited4.06%
- Bajaj Finance Limited3.21%
- Infosys Limited3.18%
- Axis Bank Limited3.14%
- Eternal Limited2.82%
Sector exposure
| Tata ELSS - Tax Saver | UTI - Master Equity Plan Unit Scheme | |
|---|---|---|
| Banks | 19.84% | 28.40% |
| Auto Components | 8.83% | 1.77% |
| Capital Markets | 8.26% | 0.30% |
| IT - Software | 3.01% | 8.11% |
| Industrial Products | 6.71% | 0.77% |
| Telecom - Services | 5.66% | 4.07% |
| Automobiles | 0.00% | 5.49% |
| Petroleum Products | 3.62% | 5.43% |
| Retailing | 1.47% | 5.43% |
| Construction | 3.14% | 4.06% |
| Healthcare Services | 3.93% | 1.33% |
| Finance | 2.63% | 3.83% |
| Pharmaceuticals & Biotechnology | 2.82% | 2.35% |
| Consumer Durables | 1.68% | 2.75% |
Questions people ask
What is the difference between Tata ELSS - Tax Saver and UTI - Master Equity Plan Unit Scheme returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +2.14% vs −2.38%; 3-year CAGR +13.37% vs +9.05%; 5-year CAGR +11.19% vs +6.99%; 10-year CAGR +14.40% vs +10.23%. Past returns do not indicate future returns.
How do Tata ELSS - Tax Saver and UTI - Master Equity Plan Unit Scheme compare on risk?
Volatility (36 monthly returns, annualised) 15.99% vs 13.89%; Sharpe ratio 0.43 vs 0.19; Sortino ratio 0.62 vs 0.25; maximum drawdown −36.77% vs −54.56%; beta 1.00 vs 0.85.
How much do Tata ELSS - Tax Saver and UTI - Master Equity Plan Unit Scheme overlap?
By weight, 36.6% of the two portfolios is invested in the same companies; 23 stocks are held by both, the largest shared positions being HDFC Bank Limited, ICICI Bank Limited, Bharti Airtel Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Tata ELSS - Tax Saver and UTI - Master Equity Plan Unit Scheme?
Tata ELSS - Tax Saver: large cap 57.9%, mid cap 15.8%, small cap 21.0%. UTI - Master Equity Plan Unit Scheme: large cap 81.4%, mid cap 10.2%, small cap 2.2% (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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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.