38.8% of the combined portfolio weight is common between HDFC ELSS Tax Saver Fund Direct Plan-Growth and Nippon India ELSS Tax Saver Fund Direct-Growth.
18 stocks appear in both portfolios.
The largest shared holding is ICICI Bank Ltd., at 9.64% of HDFC ELSS Tax Saver Fund Direct Plan-Growth and 7.39% of Nippon India ELSS Tax Saver Fund Direct-Growth.
The funds share a meaningful part of their portfolios but still differ enough to add some diversification.
Largest common holdings
ICICI Bank Ltd.HDFC Bank Ltd.Axis Bank Ltd.State Bank of IndiaBharti Airtel Ltd.Reliance Industries Ltd.SBI Life Insurance Company Ltd.Infosys Ltd.
HDFC ELSS Tax Saver Fund Direct Plan-Growth has delivered the higher 3-year CAGR (15.70% vs 14.74%). Nippon India ELSS Tax Saver Fund Direct-Growth is the cheaper of the two with an expense ratio of 1.12% against 1.18%. HDFC ELSS Tax Saver Fund Direct Plan-Growth manages the larger corpus at ₹15.69k Cr. There is no single "better" fund — the right choice depends on your holding period, risk appetite and what you already own. Use the returns, risk and portfolio overlap tables above to judge which fits your portfolio, and remember that past returns do not guarantee future performance.
Over 1 year, Nippon India ELSS Tax Saver Fund Direct-Growth returned 4.69% against 1.11% for HDFC ELSS Tax Saver Fund Direct Plan-Growth; and over 3 years, HDFC ELSS Tax Saver Fund Direct Plan-Growth leads with a 15.70% CAGR versus 14.74%. Returns beyond one year are CAGR (annualised). Short-period returns are heavily influenced by market cycles, so compare over at least three to five years before drawing conclusions.
Nippon India ELSS Tax Saver Fund Direct-Growth has the lower expense ratio at 1.12%, compared with 1.18% for HDFC ELSS Tax Saver Fund Direct Plan-Growth — a difference of 0.06% a year. The expense ratio is deducted from NAV daily, so a lower ratio directly improves your net return, though it should not be the only reason to pick a fund.
Both HDFC ELSS Tax Saver Fund Direct Plan-Growth and Nippon India ELSS Tax Saver Fund Direct-Growth carry a "Very High" rating on the SEBI Riskometer. Within the same riskometer band, differences still show up in maximum drawdown, volatility and market-cap mix — all of which are compared in the tables above.
The portfolio overlap between the two funds is 38.8%, which is considered moderate. At this level the funds share a meaningful part of their portfolios but still differ enough to add some diversification. You can see the shared stocks in the overlap section above.
Yes — both are Equity: ELSS funds, which means they follow similar mandates and are benchmarked against comparable indices. That makes a direct comparison of returns, expense ratio and risk meaningful.
HDFC ELSS Tax Saver Fund Direct Plan-Growth has a NAV of ₹1524.30 and an AUM of ₹15.69k Cr, and was launched on 31 Dec 2012. Nippon India ELSS Tax Saver Fund Direct-Growth has a NAV of ₹147.08 and an AUM of ₹14.88k Cr, launched on 31 Dec 2012. NAV on its own says nothing about how expensive or cheap a fund is — only the return on it matters.
