Axis ELSS Tax Saver Fund vs HDFC ELSS Tax saver
Updated June 2026 · both ELSS funds · metrics from AMFI NAVs
In short: HDFC ELSS Tax saver has the higher 3-year return (+15.52%); Axis ELSS Tax Saver Fund has the lower expense ratio (1.09%); HDFC ELSS Tax saver has the better risk-adjusted return (Sharpe 0.82). This is analysis from past data, not a recommendation.
| Metric | Axis ELSS Tax Saver Fund | HDFC ELSS Tax saver |
|---|---|---|
| 1Y return | -5.42% | -6.35% |
| 3Y CAGR | +10.18% | +15.52% |
| 5Y CAGR | +7.32% | +16.13% |
| Sharpe ratio | 0.19 | 0.82 |
| Max drawdown | -28.0% | -14.8% |
| Volatility | 15.6% | 13.0% |
| Alpha | -1.67% | +3.11% |
| Expense ratio (Direct) | 1.09% | 1.17% |
| AUM | ₹32.6K Cr | ₹16.4K Cr |
Winner on each row highlighted (lower is better for expense ratio and volatility; max drawdown closer to zero is better). Computed from AMFI NAVs - see methodology. No paid placement.
FAQ
Which has the lower expense ratio?
Axis ELSS Tax Saver Fund has the lower Direct-plan expense ratio (1.09%), versus 1.17% for the other. Over long horizons a lower TER compounds into a meaningful difference.
Which has performed better over 3 years?
HDFC ELSS Tax saver has the higher 3-year CAGR (+15.52%). Past performance does not predict future returns - check volatility and drawdown too, shown above.
How are these figures calculated?
All returns, risk metrics and alpha are computed independently from AMFI daily NAVs using a disclosed methodology. FindMF takes no commission and this comparison is not a recommendation.