JM ELSS - Tax Saver Fund vs Motilal Oswal ELSS Tax Saver Fund
JM ELSS - Tax Saver Fund (Direct) and Motilal Oswal 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 22 Jan 2015 – 15 Sep 2026, limited by Motilal Oswal 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. Nifty 500 history starts 25 Jul 2016, so that benchmark is not plotted over this window — pick a shorter range to see it.
View as table
| Date | JM ELSS - Tax Saver Fund | Motilal Oswal ELSS Tax Saver Fund |
|---|---|---|
| 22 Jan 2015 | ₹100.00 | ₹100.00 |
| 12 Jan 2016 | ₹92.22 | ₹109.04 |
| 31 Dec 2016 | ₹103.26 | ₹128.53 |
| 21 Dec 2017 | ₹148.32 | ₹186.31 |
| 10 Dec 2018 | ₹137.35 | ₹166.29 |
| 30 Nov 2019 | ₹163.37 | ₹196.03 |
| 18 Nov 2020 | ₹182.89 | ₹202.16 |
| 08 Nov 2021 | ₹278.15 | ₹303.75 |
| 28 Oct 2022 | ₹262.48 | ₹294.79 |
| 18 Oct 2023 | ₹320.86 | ₹365.09 |
| 06 Oct 2024 | ₹479.58 | ₹594.86 |
| 26 Sep 2025 | ₹455.39 | ₹582.95 |
| 15 Sep 2026 | ₹494.87 | ₹651.62 |
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 Motilal Oswal ELSS Tax Saver Fund share 10% of their equity book by weight.
Shared holdings — JM ELSS - Tax Saver Fund vs Motilal Oswal ELSS Tax Saver Fund
| Stock | JM ELSS - Tax Saver Fund | Motilal Oswal ELSS Tax Saver Fund | |
|---|---|---|---|
| One 97 Communications Ltd | 2.67% | 4.25% | 2.67% |
| Shaily Engineering Plastics Ltd | 1.91% | 4.33% | 1.91% |
| Shriram Transport Finance Company Ltd | 1.82% | 3.87% | 1.82% |
| Onesource Specialty Pharma Ltd | 1.70% | 3.78% | 1.70% |
| Apar Industries Ltd | 1.58% | 4.01% | 1.58% |
5 shared of 55 / 30 positions. Weights are shown as a share of each fund's equity book.
| Metric | JM Financial · Direct NAV ₹59.56 Very High risk ★★★☆☆ | Motilal Oswal · Direct NAV ₹65.80 Very High risk ★★★☆☆ | Category median ELSS · 50 funds |
|---|---|---|---|
| +6.09% | +8.80%Best in row | -1.52% | |
| +15.32% | +21.03%Best in row | +10.93% | |
| +13.82% | +16.83%Best in row | +11.12% | |
| +15.98% | +17.46%Best in row | +13.16% | |
| +16.65% | +17.46%Best in row | +14.46% | |
| +14.80% | +19.69%Best in row | — | |
| +17.93% | +18.26%Best in row | +17.01% | |
| +17.39% | +17.38% | +17.13% | |
| +17.59% | +17.98%Best in row | +15.38% | |
| Risk | |||
| 16.15%Best in row | 19.24% | 14.32% | |
| 0.55 | 0.76Best in row | 0.27 | |
| 0.73 | 1.03Best in row | 0.37 | |
| -37.39%Best in row | -37.72% | -36.01% | |
| +5.73% | +10.80%Best in row | +1.35% | |
| 1.05 | 1.17 | 0.98 | |
| 120.0% | 139.7%Best in row | 102.6% | |
| 95.0%Best in row | 96.1% | 95.5% | |
| 1.35% | 0.98%Best in row | 1.08% | |
| ₹220.95Cr | ₹4,627Cr | ₹836.87Cr | |
| 26% | 10% | 34% | |
| Ruchi Fozdar | Rakesh Shetty | — | |
| 02 Jan 2013 | 22 Jan 2015 | — | |
| 55 | 30 | — | |
| 27.1% | 42.4% | — | |
| 0.9% | 2.5% | — | |
5 rows carry the same value for every fund — show
- Benchmark
- Nifty 500
- Exit load
- None
- Lock-in
- 3 years
- 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 Motilal Oswal ELSS Tax Saver Fund?
Over the last 3 years, Motilal Oswal ELSS Tax Saver Fund returned +21.03% 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 Motilal Oswal ELSS Tax Saver Fund +16.83% CAGR. Past returns don't guarantee future performance.
Which fund is cheaper — JM ELSS - Tax Saver Fund or Motilal Oswal ELSS Tax Saver Fund?
Motilal Oswal ELSS Tax Saver Fund has the lower expense ratio: JM ELSS - Tax Saver Fund charges 1.35% a year against Motilal Oswal ELSS Tax Saver Fund's 0.98%. 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 Motilal Oswal ELSS Tax Saver Fund?
Motilal Oswal ELSS Tax Saver Fund has shown higher volatility (+19.24% 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 Motilal Oswal ELSS Tax Saver Fund -27.71%.
Which fund manages more money — JM ELSS - Tax Saver Fund or Motilal Oswal ELSS Tax Saver Fund?
Motilal Oswal ELSS Tax Saver Fund is the larger fund: JM ELSS - Tax Saver Fund manages ₹220.95Cr against Motilal Oswal ELSS Tax Saver Fund's ₹4,627Cr 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 Motilal Oswal 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.