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 30 Oct 2026
Growth of ₹100 (rebased over the selected window)
Common period 22 Jan 2015 – 30 Oct 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 TRI 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 |
| 15 Jan 2016 | ₹90.68 | ₹107.88 |
| 08 Jan 2017 | ₹105.21 | ₹131.31 |
| 01 Jan 2018 | ₹147.70 | ₹186.66 |
| 25 Dec 2018 | ₹140.76 | ₹170.27 |
| 18 Dec 2019 | ₹165.11 | ₹196.51 |
| 11 Dec 2020 | ₹189.89 | ₹209.82 |
| 04 Dec 2021 | ₹260.23 | ₹289.26 |
| 27 Nov 2022 | ₹270.12 | ₹304.02 |
| 20 Nov 2023 | ₹327.51 | ₹382.55 |
| 13 Nov 2024 | ₹445.70 | ₹560.68 |
| 06 Nov 2025 | ₹471.86 | ₹587.50 |
| 30 Oct 2026 | ₹475.80 | ₹608.64 |
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 →
- 48 stocks only in JM ELSS - Tax Saver Fund
- 5 stocks in both — 10.3% of each portfolio by weight
- 25 stocks only in Motilal Oswal ELSS Tax Saver Fund
The more the circles overlap, the more the funds hold the same stocks.
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 Limited | 3.35% | 4.97% | 3.35% |
| Shaily Engineering Plastics Limited | 1.92% | 4.33% | 1.92% |
| Shriram Finance Limited | 1.71% | 3.54% | 1.71% |
| APAR INDUSTRIES LTD | 1.70% | 4.05% | 1.70% |
| One Source Specialty Pharma Ltd | 1.61% | 3.51% | 1.61% |
5 shared of 53 / 30 positions. Weights are shown as a share of each fund's equity book.
| Metric | JM Financial · Direct NAV ₹57.26 Very High risk ★★★☆☆ | Motilal Oswal · Direct NAV ₹61.46 Very High risk ★★★☆☆ | Category median ELSS · 50 funds |
|---|---|---|---|
| -1.27% | +0.93%Best in row | -5.40% | |
| +15.60% | +19.51%Best in row | +10.39% | |
| +12.32% | +15.67%Best in row | +10.32% | |
| +15.39% | +16.07%Best in row | +12.77% | |
| +16.16% | +16.58% | +14.04% | |
| +12.71% | +16.20%Best in row | — | |
| +17.94% | +18.24%Best in row | +16.96% | |
| +17.28% | +17.21% | +16.94% | |
| +17.54% | +17.81%Best in row | +15.10% | |
| Risk | |||
| 16.23%Best in row | 19.56% | 14.38% | |
| 0.56 | 0.67Best in row | 0.29 | |
| 0.75 | 0.91Best in row | 0.39 | |
| -37.39% | -37.72% | -36.01% | |
| +5.54% | +10.04%Best in row | +0.39% | |
| 1.02 | 1.15 | 0.96 | |
| 118.5% | 147.4%Best in row | 96.8% | |
| 95.3%Best in row | 114.2% | 95.0% | |
| 1.34% | 0.96%Best in row | 1.07% | |
| ₹243.19Cr | ₹4,948Cr | ₹859.27Cr | |
| ₹1.00K | ₹6.00K | — | |
| 61% | 68% | 35% | |
| Ruchi Fozdar | Rakesh Shetty · 3.9y | — | |
| 31 Mar 2008 | 21 Jan 2015 | — | |
| 53 | 30 | — | |
| 26.6% | 44.7% | — | |
| 1.1% | 3.4% | — | |
4 rows carry the same value for every fund — show
- Benchmark
- Nifty 500 TRI
- Exit load
- None
- Lock-in
- 3 years
- 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 +19.51% CAGR against JM ELSS - Tax Saver Fund's +15.60%, computed from AMFI NAV history. Over 5 years: JM ELSS - Tax Saver Fund +12.32% vs Motilal Oswal ELSS Tax Saver Fund +15.67% 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 1.34% a year against Motilal Oswal ELSS Tax Saver Fund's 0.96%. 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 (+19.56% annualized vs JM ELSS - Tax Saver Fund's +16.23%), 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 ₹243.19Cr against Motilal Oswal ELSS Tax Saver Fund's ₹4,948Cr 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.