COMPARE
HSBC ELSS Tax saver Fund - Direct Growth vs Tata ELSS Fund-Growth-Direct Plan
HSBC ELSS Tax saver Fund and Tata ELSS Fund-Growth- are both in the ELSS category, from HSBC Asset Management (India) Private Ltd. and Tata Asset Management Limited respectively. HSBC ELSS Tax saver Fund has posted a higher 3-year rolling CAGR. Tata ELSS Fund-Growth- has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Tata ELSS Fund-Growth- has the lower direct-plan expense ratio, by 0.33 percentage points.
| HSBC ELSS Tax saver Fund - Direct Growth | Tata ELSS Fund-Growth-Direct Plan | |
|---|---|---|
| Category | ELSS | ELSS |
| AMC | HSBC Asset Management (India) Private Ltd. | Tata Asset Management Limited |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| NAV | ₹146.4926 (2026-10-28) | ₹50.5562 (2026-10-28) |
| AUM | ₹3,833.256 Cr | ₹4,290.13 Cr |
| Expense Ratio (Direct) | 1.22% | 0.89% |
| Inception | 2006-01-05 | 1996-03-31 |
Returns
HSBC ELSS Tax saver Fund leads on 3-year rolling CAGR (18.6% vs Tata ELSS Fund-Growth-'s 16.4%) - 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 | Tata ELSS Fund-Growth-Direct Plan | |
|---|---|---|
| 3Y Sharpe Ratio | 0.35 | 0.19 |
| 3Y Alpha | 4.4357% | 1.5096% |
| 3Y Std Deviation | 16.6698% | 14.2239% |
| 3Y Calmar Ratio | 0.67 | 0.53 |
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 | Tata ELSS Fund-Growth-Direct Plan | |
|---|---|---|
| P/E Ratio | 28.1246 | 23.028 |
| P/B Ratio | 10.6511 | 4.35 |
| Dividend Yield | 0.9083% | 1.1541% |
| Active Share | 63.86% | 62.02% |
| Portfolio Turnover | 12% | 9378% |
| 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 Tata ELSS Fund-Growth-?
HSBC ELSS Tax saver Fund's 3-year rolling CAGR of 18.6% is higher than Tata ELSS Fund-Growth-'s 16.4%. HSBC ELSS Tax saver Fund sits in the 59th percentile of its category on this metric, versus the 41st percentile for Tata ELSS Fund-Growth- - 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 Tata ELSS Fund-Growth-?
Tata ELSS Fund-Growth-'s direct-plan expense ratio is 0.33 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 Tata ELSS Fund-Growth-?
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 Tata ELSS Fund-Growth- 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 0.19 for Tata ELSS Fund-Growth-) 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 Tata ELSS Fund-Growth-?
Tata ELSS Fund-Growth- has ₹4,290 Cr in assets under management, versus ₹3,833 Cr for HSBC ELSS Tax saver 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 Tata ELSS Fund-Growth-?
Tata ELSS Fund-Growth- launched on 1996-03-31, making it older than HSBC ELSS Tax saver Fund (launched 2006-01-05). 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.