COMPARE
JM ELSS - Tax Saver Fund (Direct) - Growth Option vs quant ELSS Tax Saver Fund - Growth Option - Direct Plan
JM ELSS - Tax Saver Fund (Direct) and quant ELSS Tax Saver Fund are both in the ELSS category, from JM Financial Asset Management Limited and quant Money Managers Limited respectively. quant ELSS Tax Saver Fund has posted a higher 3-year rolling CAGR. quant ELSS Tax Saver Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
quant ELSS Tax Saver Fund has the lower direct-plan expense ratio, by 0.14 percentage points.
| JM ELSS - Tax Saver Fund (Direct) - Growth Option | quant ELSS Tax Saver Fund - Growth Option - Direct Plan | |
|---|---|---|
| Category | ELSS | ELSS |
| AMC | JM Financial Asset Management Limited | quant Money Managers Limited |
| Benchmark | BSE 500 TRI | Nifty 500 TRI |
| NAV | ₹57.1039 (2026-10-28) | ₹438.8371 (2026-10-28) |
| AUM | ₹233.288 Cr | ₹12,672.457 Cr |
| Expense Ratio (Direct) | 1.35% | 1.21% |
| Inception | 2007-12-24 | 2000-03-08 |
Returns
quant ELSS Tax Saver Fund leads on 3-year rolling CAGR (21.8% vs JM ELSS - Tax Saver Fund (Direct)'s 17.9%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
quant ELSS Tax Saver Fund has been the more volatile of the two by standard deviation.
| JM ELSS - Tax Saver Fund (Direct) - Growth Option | quant ELSS Tax Saver Fund - Growth Option - Direct Plan | |
|---|---|---|
| 3Y Sharpe Ratio | 0.37 | 0.30 |
| 3Y Alpha | 5.1098% | 3.6173% |
| 3Y Std Deviation | 16.1428% | 16.3364% |
| 3Y Calmar Ratio | 0.63 | 0.46 |
Portfolio Analytics
JM ELSS - Tax Saver Fund (Direct) 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.
| JM ELSS - Tax Saver Fund (Direct) - Growth Option | quant ELSS Tax Saver Fund - Growth Option - Direct Plan | |
|---|---|---|
| P/E Ratio | 30.6852 | 30.6655 |
| P/B Ratio | - | - |
| Dividend Yield | 0.6472% | 0.4924% |
| Active Share | 73.05% | 87.89% |
| Portfolio Turnover | 57.99999999999999% | - |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
quant ELSS Tax Saver Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, JM ELSS - Tax Saver Fund (Direct) or quant ELSS Tax Saver Fund?
quant ELSS Tax Saver Fund's 3-year rolling CAGR of 21.8% is higher than JM ELSS - Tax Saver Fund (Direct)'s 17.9%. quant ELSS Tax Saver Fund sits in the 90th percentile of its category on this metric, versus the 57th percentile for JM ELSS - Tax Saver Fund (Direct) - 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, JM ELSS - Tax Saver Fund (Direct) or quant ELSS Tax Saver Fund?
quant ELSS Tax Saver Fund's direct-plan expense ratio is 0.14 percentage points lower than JM ELSS - Tax Saver Fund (Direct)'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, JM ELSS - Tax Saver Fund (Direct) or quant ELSS Tax Saver Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), quant ELSS Tax Saver Fund has been more volatile than JM ELSS - Tax Saver Fund (Direct) 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 (0.37 for JM ELSS - Tax Saver Fund (Direct) vs 0.30 for quant ELSS Tax Saver 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, JM ELSS - Tax Saver Fund (Direct) or quant ELSS Tax Saver Fund?
quant ELSS Tax Saver Fund has ₹12,672 Cr in assets under management, versus ₹233 Cr for JM ELSS - Tax Saver Fund (Direct). 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, JM ELSS - Tax Saver Fund (Direct) or quant ELSS Tax Saver Fund?
quant ELSS Tax Saver Fund launched on 2000-03-08, making it older than JM ELSS - Tax Saver Fund (Direct) (launched 2007-12-24). 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.