Motilal Oswal ELSS Tax Saver Fund vs HSBC ELSS Tax saver Fund
Motilal Oswal ELSS Tax Saver Fund (Direct) and HSBC 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 16 Oct 2026
Growth of ₹100 (rebased over the selected window)
Common period 28 Nov 2022 – 16 Oct 2026, limited by HSBC 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 | Motilal Oswal ELSS Tax Saver Fund | HSBC ELSS Tax saver Fund | Nifty 500 TRI |
|---|---|---|---|
| 28 Nov 2022 | ₹100.00 | ₹100.00 | ₹100.00 |
| 26 Mar 2023 | ₹94.42 | ₹93.39 | ₹90.85 |
| 22 Jul 2023 | ₹112.91 | ₹110.13 | ₹108.04 |
| 18 Nov 2023 | ₹125.08 | ₹116.84 | ₹112.96 |
| 15 Mar 2024 | ₹141.61 | ₹129.41 | ₹127.71 |
| 11 Jul 2024 | ₹179.93 | ₹163.26 | ₹148.71 |
| 06 Nov 2024 | ₹198.46 | ₹167.72 | ₹149.39 |
| 04 Mar 2025 | ₹153.99 | ₹143.36 | ₹129.69 |
| 30 Jun 2025 | ₹198.30 | ₹171.51 | ₹154.35 |
| 27 Oct 2025 | ₹197.87 | ₹173.97 | ₹156.41 |
| 22 Feb 2026 | ₹182.70 | ₹170.40 | ₹154.05 |
| 20 Jun 2026 | ₹209.65 | ₹176.69 | ₹152.97 |
| 16 Oct 2026 | ₹206.45 | ₹173.70 | ₹147.69 |
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 →
- 28 stocks only in Motilal Oswal ELSS Tax Saver Fund
- 2 stocks in both — 3.6% of each portfolio by weight
- 77 stocks only in HSBC ELSS Tax saver Fund
The more the circles overlap, the more the funds hold the same stocks.
Motilal Oswal ELSS Tax Saver Fund and HSBC ELSS Tax saver Fund share 4% of their equity book by weight.
Shared holdings — Motilal Oswal ELSS Tax Saver Fund vs HSBC ELSS Tax saver Fund
| Stock | Motilal Oswal ELSS Tax Saver Fund | HSBC ELSS Tax saver Fund | |
|---|---|---|---|
| Shriram Finance Limited | 3.54% | 2.44% | 2.44% |
| Nippon Life India Asset Management Limited | 2.27% | 1.17% | 1.17% |
2 shared of 30 / 79 positions. Weights are shown as a share of each fund's equity book.
| Metric | Motilal Oswal · Direct NAV ₹63.70 Very High risk ★★★☆☆ | HSBC · Direct NAV ₹150.80 Very High risk ★★★★☆ | Category median ELSS · 50 funds |
|---|---|---|---|
| +4.05%Best in row | +0.59% | -2.69% | |
| +19.55%Best in row | +14.96% | +9.96% | |
| +15.93% | — | +9.79% | |
| +16.50% | — | +12.92% | |
| +17.00% | +15.28% | +14.22% | |
| +17.81% | — | — | |
| +18.28%Best in row | +18.15% | +17.01% | |
| +17.35% | — | +17.06% | |
| +17.92% | — | +15.35% | |
| Risk | |||
| 19.40% | 16.71%Best in row | 14.40% | |
| 0.67Best in row | 0.51 | 0.25 | |
| 0.92Best in row | 0.69 | 0.34 | |
| -37.72% | -19.21% | -36.01% | |
| +10.04%Best in row | +4.94% | +0.39% | |
| 1.15 | 1.02 | 0.96 | |
| 147.4%Best in row | 120.1% | 96.8% | |
| 114.2% | 101.3%Best in row | 95.0% | |
| 0.95%Best in row | 1.21% | 1.07% | |
| ₹4,948Cr | ₹4,126Cr | ₹859.27Cr | |
| ₹6.00K | ₹500 | — | |
| 68% | 15% | 35% | |
| Rakesh Shetty · 3.9y | Abhishek Gupta · 2.6y | — | |
| 21 Jan 2015 | 27 Feb 2006 | — | |
| 30 | 79 | — | |
| 44.7% | 28.3% | — | |
| 3.4% | 1.8% | — | |
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 — Motilal Oswal ELSS Tax Saver Fund or HSBC ELSS Tax saver Fund?
Over the last 3 years, Motilal Oswal ELSS Tax Saver Fund returned +19.55% CAGR against HSBC ELSS Tax saver Fund's +14.96%, computed from AMFI NAV history. Past returns don't guarantee future performance.
Which fund is cheaper — Motilal Oswal ELSS Tax Saver Fund or HSBC ELSS Tax saver Fund?
Motilal Oswal ELSS Tax Saver Fund has the lower expense ratio: Motilal Oswal ELSS Tax Saver Fund charges 0.95% a year against HSBC ELSS Tax saver Fund's 1.21%. The expense ratio is deducted from the NAV daily, so a lower one compounds in the investor's favour.
Which fund is riskier — Motilal Oswal ELSS Tax Saver Fund or HSBC ELSS Tax saver Fund?
Motilal Oswal ELSS Tax Saver Fund has shown higher volatility (+19.40% annualized vs HSBC ELSS Tax saver Fund's +16.71%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: Motilal Oswal ELSS Tax Saver Fund -27.71% vs HSBC ELSS Tax saver Fund -19.21%.
Which fund manages more money — Motilal Oswal ELSS Tax Saver Fund or HSBC ELSS Tax saver Fund?
Motilal Oswal ELSS Tax Saver Fund is the larger fund: Motilal Oswal ELSS Tax Saver Fund manages ₹4,948Cr against HSBC ELSS Tax saver Fund's ₹4,126Cr 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 Motilal Oswal ELSS Tax Saver Fund and HSBC 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.