ELSS (Tax Saver) · head to head · AMFI NAVs
HDFC ELSS - Tax Saver Fund vs Motilal Oswal ELSS Tax Saver Fund: SIP returns compared
Same ₹10,000 monthly SIP, same dates, Direct plans: over the last 5 years HDFC ELSS - Tax Saver Fund is worth ₹7.63 L (XIRR 9.8%) and Motilal Oswal ELSS Tax Saver Fund ₹9.27 L (XIRR 18.0%) — Motilal Oswal ELSS Tax Saver Fund ahead by ₹1,64,130. Across every 5-year SIP since Feb 2015, HDFC ELSS - Tax Saver Fund finished ahead in 25 of 81 and Motilal Oswal ELSS Tax Saver Fund in 56.
Historical simulation on actual NAVs — not a forecast and not investment advice. Disclaimer
HDFC ELSS - Tax Saver Fund: invested — over — instalments; valued at NAV of —:
| Year | Invested | HDFC ELSS - Tax Saver Fund value | XIRR to date |
|---|
₹10,000 a month in each: what it became
Each row is a monthly SIP ending today (1 Oct 2026), Direct plans. Post-tax assumes everything is redeemed today with no other capital gains this year.
| SIP period | Invested | HDFC ELSS - Tax Saver Fund | XIRR | Motilal Oswal ELSS Tax Saver Fund | XIRR | Post-tax (both) |
|---|---|---|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1.13 L | -12.8% | ₹1.27 L | 12.3% | ₹1.13 L / ₹1.25 L |
| 3 years | ₹3,60,000 | ₹3.62 L | 0.3% | ₹4.20 L | 10.9% | ₹3.62 L / ₹4.19 L |
| 5 years | ₹6,00,000 | ₹7.63 L | 9.8% | ₹9.27 L | 18.0% | ₹7.58 L / ₹9.01 L |
| 10 years | ₹12,00,000 | ₹23.84 L | 13.4% | ₹30.12 L | 17.8% | ₹22.55 L / ₹28.05 L |
Every 5-year SIP, head to head
We started the same SIP in both funds in every month both have NAVs for — 81 SIPs, the first starting Feb 2015. HDFC ELSS - Tax Saver Fund finished ahead in 31% of them; the median gap was 2.2 percentage points a year in Motilal Oswal ELSS Tax Saver Fund's favour.
Downside on the same dates: HDFC ELSS - Tax Saver Fund's worst 5-year SIP returned -10.1% a year (started Apr 2015) and 4 of 81 lost money; Motilal Oswal ELSS Tax Saver Fund's worst returned -2.3% (started Apr 2015) and 1 lost money.
XIRR of every 5-year monthly SIP by the month it started. Gap = HDFC ELSS - Tax Saver Fund minus Motilal Oswal ELSS Tax Saver Fund, percentage points a year.
| Window | SIPs compared | Ahead (HDFC / Motilal) | Median gap | Worst gap | Best gap |
|---|---|---|---|---|---|
| 3-year SIPs | 105 | 28% / 72% | -3.4 pp | -15.7 ppstarted Jan 2022 | +6.1 ppstarted Dec 2019 |
| 5-year SIPs | 81 | 31% / 69% | -2.2 pp | -9.9 ppstarted Mar 2015 | +2.1 ppstarted Mar 2020 |
Against an index fund, and the cost of the Regular plan
- HDFC ELSS - Tax Saver Fund beat a plain Nifty 500 index fund in 96% of 49 rolling 3-year SIPs (median gap +6.5 pp a year) — HDFC ELSS - Tax Saver Fund vs Nifty 500 index fund.
- HDFC ELSS - Tax Saver Fund: the Regular plan of the same 10-year SIP ended ₹85,661 below Direct.
- Motilal Oswal ELSS Tax Saver Fund beat a plain Nifty 500 index fund in 92% of 49 rolling 3-year SIPs (median gap +7.5 pp a year) — Motilal Oswal ELSS Tax Saver Fund vs Nifty 500 index fund.
- Motilal Oswal ELSS Tax Saver Fund: the Regular plan of the same 10-year SIP ended ₹2,18,635 below Direct.
Questions
Which has given better SIP returns, HDFC ELSS - Tax Saver Fund or Motilal Oswal ELSS Tax Saver Fund?
Over the last 5 years a ₹10,000 monthly SIP (Direct plans) is worth ₹7.63 L in HDFC ELSS - Tax Saver Fund (XIRR 9.8%) and ₹9.27 L in Motilal Oswal ELSS Tax Saver Fund (XIRR 18.0%). Past returns don't tell you which will do better next.
Has HDFC ELSS - Tax Saver Fund beaten Motilal Oswal ELSS Tax Saver Fund consistently?
In 31% of 81 rolling 5-year SIPs started on the same dates (from Feb 2015), HDFC ELSS - Tax Saver Fund ended ahead of Motilal Oswal ELSS Tax Saver Fund (Direct plans). The median difference was -2.2 percentage points a year.
Where does this data come from?
Official daily NAVs published by AMFI. SIP instalments fall on the first business day of each month; both funds are compared on identical dates. Updated monthly.
Comparison on official AMFI NAVs, SIP on the first business day of each month, identical dates for both funds. It shows what happened, not which fund to buy — past performance does not indicate future returns. sipcalculatorhub.com is not a SEBI-registered investment adviser. Methodology.
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