COMPARE
HSBC ELSS Tax saver Fund - Direct Growth vs Navi ELSS Tax Saver NIFTY 50 Index Fund - Direct Plan Growth
HSBC ELSS Tax saver Fund and Navi ELSS Tax Saver NIFTY 50 Index Fund are both in the ELSS category, from HSBC Asset Management (India) Private Ltd. and Navi AMC Limited respectively. Navi ELSS Tax Saver NIFTY 50 Index Fund has posted a higher 3-year rolling CAGR. Navi ELSS Tax Saver NIFTY 50 Index Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Navi ELSS Tax Saver NIFTY 50 Index Fund has the lower direct-plan expense ratio, by 0.98 percentage points.
| HSBC ELSS Tax saver Fund - Direct Growth | Navi ELSS Tax Saver NIFTY 50 Index Fund - Direct Plan Growth | |
|---|---|---|
| Category | ELSS | ELSS |
| AMC | HSBC Asset Management (India) Private Ltd. | Navi AMC Limited |
| Benchmark | Nifty 500 TRI | Nifty 50 TRI |
| NAV | ₹146.4926 (2026-10-28) | ₹13.8191 (2026-10-28) |
| AUM | ₹3,833.256 Cr | ₹145.28 Cr |
| Expense Ratio (Direct) | 1.22% | 0.24% |
| Inception | 2006-01-05 | 2023-02-14 |
Returns
Navi ELSS Tax Saver NIFTY 50 Index Fund leads on 3-year rolling CAGR (9.1% vs HSBC ELSS Tax saver Fund's 18.6%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
HSBC ELSS Tax saver Fund has been the more volatile of the two by standard deviation.
| HSBC ELSS Tax saver Fund - Direct Growth | Navi ELSS Tax Saver NIFTY 50 Index Fund - Direct Plan Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.35 | -0.12 |
| 3Y Alpha | 4.4357% | -0.0769% |
| 3Y Std Deviation | 16.6698% | 12.5159% |
| 3Y Calmar Ratio | 0.67 | 0.36 |
Portfolio Analytics
HSBC ELSS Tax saver Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| HSBC ELSS Tax saver Fund - Direct Growth | Navi ELSS Tax Saver NIFTY 50 Index Fund - Direct Plan Growth | |
|---|---|---|
| P/E Ratio | 28.1246 | 21.5137 |
| P/B Ratio | 10.6511 | - |
| Dividend Yield | 0.9083% | 1.4262% |
| Active Share | 63.86% | 0.14% |
| Portfolio Turnover | 12% | 4% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
HSBC ELSS Tax saver Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, HSBC ELSS Tax saver Fund or Navi ELSS Tax Saver NIFTY 50 Index Fund?
Navi ELSS Tax Saver NIFTY 50 Index Fund's 3-year rolling CAGR of 9.1% is higher than HSBC ELSS Tax saver Fund's 18.6%. Navi ELSS Tax Saver NIFTY 50 Index Fund sits in the 4th percentile of its category on this metric, versus the 59th percentile for HSBC ELSS Tax saver Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, HSBC ELSS Tax saver Fund or Navi ELSS Tax Saver NIFTY 50 Index Fund?
Navi ELSS Tax Saver NIFTY 50 Index Fund's direct-plan expense ratio is 0.98 percentage points lower than HSBC ELSS Tax saver Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, HSBC ELSS Tax saver Fund or Navi ELSS Tax Saver NIFTY 50 Index Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), HSBC ELSS Tax saver Fund has been more volatile than Navi ELSS Tax Saver NIFTY 50 Index Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.35 for HSBC ELSS Tax saver Fund vs -0.12 for Navi ELSS Tax Saver NIFTY 50 Index Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, HSBC ELSS Tax saver Fund or Navi ELSS Tax Saver NIFTY 50 Index Fund?
HSBC ELSS Tax saver Fund has ₹3,833 Cr in assets under management, versus ₹145 Cr for Navi ELSS Tax Saver NIFTY 50 Index Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, HSBC ELSS Tax saver Fund or Navi ELSS Tax Saver NIFTY 50 Index Fund?
HSBC ELSS Tax saver Fund launched on 2006-01-05, making it older than Navi ELSS Tax Saver NIFTY 50 Index Fund (launched 2023-02-14). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.