COMPARE
Navi Flexi Cap Fund - Direct Plan - Growth vs Union ELSS Tax Saver Fund - Direct Plan - Growth Option
Navi Flexi Cap Fund and Union ELSS Tax Saver Fund are in different categories (Flexi Cap Fund vs ELSS), from Navi AMC Limited and Union Asset Management Company Private Limited respectively. Navi Flexi Cap Fund has posted a higher 3-year rolling CAGR. Navi Flexi Cap Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Navi Flexi Cap Fund has the lower direct-plan expense ratio, by 1.02 percentage points.
| Navi Flexi Cap Fund - Direct Plan - Growth | Union ELSS Tax Saver Fund - Direct Plan - Growth Option | |
|---|---|---|
| Category | Flexi Cap Fund | ELSS |
| AMC | Navi AMC Limited | Union Asset Management Company Private Limited |
| Benchmark | Nifty 500 TRI | BSE 500 TRI |
| NAV | ₹28.4823 (2026-09-30) | ₹69.5 (2026-09-30) |
| AUM | ₹289.395 Cr | ₹832.854 Cr |
| Expense Ratio (Direct) | 0.71% | 1.73% |
| Inception | 2018-06-18 | 2011-11-08 |
Returns
Navi Flexi Cap Fund leads on 3-year rolling CAGR (16.6% vs Union ELSS Tax Saver Fund's 14.1%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Navi Flexi Cap Fund has been the more volatile of the two by standard deviation.
| Navi Flexi Cap Fund - Direct Plan - Growth | Union ELSS Tax Saver Fund - Direct Plan - Growth Option | |
|---|---|---|
| 3Y Sharpe Ratio | 0.29 | 0.20 |
| 3Y Alpha | 1.2181% | 0.5739% |
| 3Y Std Deviation | 13.8919% | 13.6642% |
| 3Y Calmar Ratio | 0.56 | 0.52 |
Portfolio Analytics
Union 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.
| Navi Flexi Cap Fund - Direct Plan - Growth | Union ELSS Tax Saver Fund - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 22.1997 | 31.7097 |
| P/B Ratio | 6.1699 | 7.6679 |
| Dividend Yield | 1.0331% | 0.9044% |
| Active Share | 71.22% | - |
| Portfolio Turnover | 46% | - |
| YTM | - | 8.8026% |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Navi Flexi Cap Fund and Union ELSS Tax Saver Fund carry the same Punji Quality grade.
| Navi Flexi Cap Fund - Direct Plan - Growth | Union ELSS Tax Saver Fund - Direct Plan - Growth Option | |
|---|---|---|
| Quality Grade | D | D |
| Safety Grade | D | D |
| Compound Grade | C | D |
Frequently asked questions
Which has a higher 3-year return, Navi Flexi Cap Fund or Union ELSS Tax Saver Fund?
Navi Flexi Cap Fund's 3-year rolling CAGR of 16.6% is higher than Union ELSS Tax Saver Fund's 14.1%. Navi Flexi Cap Fund sits in the 51st percentile of its category on this metric, versus the 10th percentile for Union 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, Navi Flexi Cap Fund or Union ELSS Tax Saver Fund?
Navi Flexi Cap Fund's direct-plan expense ratio is 1.02 percentage points lower than Union 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, Navi Flexi Cap Fund or Union ELSS Tax Saver Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Navi Flexi Cap Fund has been more volatile than Union ELSS Tax Saver 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 (0.29 for Navi Flexi Cap Fund vs 0.20 for Union 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, Navi Flexi Cap Fund or Union ELSS Tax Saver Fund?
Union ELSS Tax Saver Fund has ₹833 Cr in assets under management, versus ₹289 Cr for Navi Flexi Cap 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, Navi Flexi Cap Fund or Union ELSS Tax Saver Fund?
Union ELSS Tax Saver Fund launched on 2011-11-08, making it older than Navi Flexi Cap Fund (launched 2018-06-18). 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 2026-10-01. Source: AMFI disclosures via Punji. Not investment advice.