JM ELSS - Tax Saver Fund vs ITI ELSS Tax Saver Fund
JM ELSS - Tax Saver Fund (Direct) and ITI ELSS Tax Saver Fund (Direct) head to head: growth of ₹100, returns across every window, risk, cost, and portfolio overlap — every figure computed from AMFI NAV history, nothing supplied by a fund house. Both are ELSS schemes — see the best elss (tax saving) mutual funds for the full ranking.
Head to head
NAVs as of 15 Sep 2026
Growth of ₹100 (rebased over the selected window)
Common period 25 Oct 2019 – 15 Sep 2026, limited by ITI ELSS Tax Saver Fund. Every series is rebased to ₹100 at the start of this window. Benchmark lines are the category index WealthTicker measures against, which is not always the benchmark the scheme itself declares — the fund page’s Scheme Info names that one.
View as table
| Date | JM ELSS - Tax Saver Fund | ITI ELSS Tax Saver Fund | Nifty 500 |
|---|---|---|---|
| 25 Oct 2019 | ₹100.00 | ₹100.00 | ₹100.00 |
| 22 May 2020 | ₹74.89 | ₹79.69 | ₹78.63 |
| 18 Dec 2020 | ₹118.99 | ₹118.72 | ₹120.40 |
| 15 Jul 2021 | ₹144.23 | ₹148.98 | ₹145.48 |
| 10 Feb 2022 | ₹161.24 | ₹145.34 | ₹160.24 |
| 08 Sep 2022 | ₹162.42 | ₹148.98 | ₹163.72 |
| 06 Apr 2023 | ₹160.19 | ₹149.57 | ₹156.50 |
| 01 Nov 2023 | ₹188.11 | ₹178.20 | ₹177.42 |
| 29 May 2024 | ₹256.13 | ₹249.32 | ₹225.39 |
| 25 Dec 2024 | ₹282.00 | ₹263.69 | ₹237.54 |
| 23 Jul 2025 | ₹285.46 | ₹276.31 | ₹248.42 |
| 17 Feb 2026 | ₹283.47 | ₹266.01 | ₹249.60 |
| 15 Sep 2026 | ₹303.42 | ₹279.60 | ₹241.60 |
Portfolio overlap (same stocks held through more than one fund)
Some overlap is structural: SEBI defines large cap as the top 100 stocks by market capitalisation, so two large-cap funds are fishing the same pond by regulation. The bands below are measured per sleeve pairing rather than against one blanket threshold. How this is measured →
JM ELSS - Tax Saver Fund and ITI ELSS Tax Saver Fund share 22% of their equity book by weight.
Shared holdings — JM ELSS - Tax Saver Fund vs ITI ELSS Tax Saver Fund
| Stock | JM ELSS - Tax Saver Fund | ITI ELSS Tax Saver Fund | |
|---|---|---|---|
| HDFC Bank Ltd | 3.09% | 3.42% | 3.09% |
| Bajaj Finance Ltd | 2.33% | 2.79% | 2.33% |
| ICICI Bank Ltd | 2.93% | 2.03% | 2.03% |
| Bharti Airtel Ltd | 2.73% | 2.03% | 2.03% |
| PNB Housing Finance Ltd | 1.80% | 1.89% | 1.80% |
| State Bank of India | 1.75% | 2.57% | 1.75% |
| Larsen & Toubro Ltd | 1.85% | 1.66% | 1.66% |
| Mahindra & Mahindra Ltd | 1.45% | 2.45% | 1.45% |
| Manappuram Finance Ltd | 1.94% | 1.44% | 1.44% |
| Karur Vysya Bank Ltd | 2.86% | 1.27% | 1.27% |
| Shriram Transport Finance Company Ltd | 1.82% | 1.11% | 1.11% |
| Kotak Mahindra Bank Ltd | 1.78% | 0.83% | 0.83% |
| Zomato Ltd | 1.78% | 0.76% | 0.76% |
13 shared of 55 / 68 positions. Weights are shown as a share of each fund's equity book.
| Metric | JM Financial · Direct NAV ₹59.56 Very High risk ★★★☆☆ | ITI · Direct NAV ₹28.13 Very High risk ★★★★☆ | Category median ELSS · 50 funds |
|---|---|---|---|
| +6.09%Best in row | +2.39% | -1.52% | |
| +15.32% | +15.77%Best in row | +10.93% | |
| +13.82%Best in row | +12.57% | +11.12% | |
| +15.98% | — | +13.16% | |
| +16.65%Best in row | +16.09% | +14.46% | |
| +14.80%Best in row | +14.28% | — | |
| +17.93% | +20.33%Best in row | +17.01% | |
| +17.39% | +18.70%Best in row | +17.13% | |
| +17.59% | — | +15.38% | |
| Risk | |||
| 16.15%Best in row | 17.54% | 14.32% | |
| 0.55 | 0.53 | 0.27 | |
| 0.73 | 0.72 | 0.37 | |
| -37.39%Best in row | -38.49% | -36.01% | |
| +5.73%Best in row | +5.53% | +1.35% | |
| 1.05 | 1.23 | 0.98 | |
| 120.0% | 135.9%Best in row | 102.6% | |
| 95.0%Best in row | 119.2% | 95.5% | |
| 1.35% | 0.90%Best in row | 1.08% | |
| ₹220.95Cr | ₹427.06Cr | ₹836.87Cr | |
| 3 years | None | — | |
| 26% | 443% | 34% | |
| Ruchi Fozdar | Alok Ranjan | — | |
| 02 Jan 2013 | 25 Oct 2019 | — | |
| 55 | 68 | — | |
| 27.1% | 26.5% | — | |
| 0.9% | 3.5% | — | |
4 rows carry the same value for every fund — show
- Benchmark
- Nifty 500
- Exit load
- None
- Min SIP
- ₹500
- Min lumpsum
- ₹500
Best marks the strongest value in a row, and only where the gap is bigger than noise — a near-tie is left unmarked rather than dressed up as a result. SIP XIRR is a ₹10,000/month instalment over 5 years of real NAV history. Nothing here is supplied by a fund house. For research only — not investment advice.
Frequently asked questions
Which fund has delivered higher returns — JM ELSS - Tax Saver Fund or ITI ELSS Tax Saver Fund?
Over the last 3 years, ITI ELSS Tax Saver Fund returned +15.77% CAGR against JM ELSS - Tax Saver Fund's +15.32%, computed from AMFI NAV history. Over 5 years: JM ELSS - Tax Saver Fund +13.82% vs ITI ELSS Tax Saver Fund +12.57% CAGR. Past returns don't guarantee future performance.
Which fund is cheaper — JM ELSS - Tax Saver Fund or ITI ELSS Tax Saver Fund?
ITI ELSS Tax Saver Fund has the lower expense ratio: JM ELSS - Tax Saver Fund charges 1.35% a year against ITI ELSS Tax Saver Fund's 0.90%. The expense ratio is deducted from the NAV daily, so a lower one compounds in the investor's favour.
Which fund is riskier — JM ELSS - Tax Saver Fund or ITI ELSS Tax Saver Fund?
ITI ELSS Tax Saver Fund has shown higher volatility (+17.54% annualized vs JM ELSS - Tax Saver Fund's +16.15%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: JM ELSS - Tax Saver Fund -20.85% vs ITI ELSS Tax Saver Fund -22.61%.
Which fund manages more money — JM ELSS - Tax Saver Fund or ITI ELSS Tax Saver Fund?
ITI ELSS Tax Saver Fund is the larger fund: JM ELSS - Tax Saver Fund manages ₹220.95Cr against ITI ELSS Tax Saver Fund's ₹427.06Cr in assets. Size cuts both ways — scale lowers costs, but a very large fund can find it harder to move in and out of positions.
Are JM ELSS - Tax Saver Fund and ITI ELSS Tax Saver Fund in the same category?
Yes — both are ELSS schemes, so their returns, risk and cost are directly comparable against the same peer set.
Figures update daily from AMFI NAV history; ratings and ranks are WealthTicker’s own — see the methodology. This is data, not investment advice.