Axis ELSS Tax Saver Fund vs SBI ELSS Tax Saver FUND
Updated June 2026 · both ELSS funds · metrics from AMFI NAVs
In short: SBI ELSS Tax Saver FUND has the higher 3-year return (+18.05%); Axis ELSS Tax Saver Fund has the lower expense ratio (1.09%); SBI ELSS Tax Saver FUND has the better risk-adjusted return (Sharpe 0.78). This is analysis from past data, not a recommendation.
| Metric | Axis ELSS Tax Saver Fund | SBI ELSS Tax Saver FUND |
|---|---|---|
| 1Y return | -5.42% | -4.87% |
| 3Y CAGR | +10.18% | +18.05% |
| 5Y CAGR | +7.32% | +16.32% |
| Sharpe ratio | 0.19 | 0.78 |
| Max drawdown | -28.0% | -16.7% |
| Volatility | 15.6% | 14.5% |
| Alpha | -1.67% | +5.18% |
| Expense ratio (Direct) | 1.09% | 1.13% |
| AUM | ₹32.6K Cr | ₹31.4K 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 1.13% for the other. Over long horizons a lower TER compounds into a meaningful difference.
Which has performed better over 3 years?
SBI ELSS Tax Saver FUND has the higher 3-year CAGR (+18.05%). 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.