ELSS (Tax Saver) · head to head · AMFI NAVs
HDFC ELSS - Tax Saver Fund vs UTI 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 UTI ELSS Tax Saver Fund ₹6.84 L (XIRR 5.4%) — HDFC ELSS - Tax Saver Fund ahead by ₹78,536. Across every 5-year SIP since Jan 2013, HDFC ELSS - Tax Saver Fund finished ahead in 55 of 106 and UTI ELSS Tax Saver Fund in 51.
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 | UTI ELSS Tax Saver Fund | XIRR | Post-tax (both) |
|---|---|---|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1.13 L | -12.8% | ₹1.14 L | -11.0% | ₹1.13 L / ₹1.14 L |
| 3 years | ₹3,60,000 | ₹3.62 L | 0.3% | ₹3.55 L | -1.1% | ₹3.62 L / ₹3.55 L |
| 5 years | ₹6,00,000 | ₹7.63 L | 9.8% | ₹6.84 L | 5.4% | ₹7.58 L / ₹6.84 L |
| 10 years | ₹12,00,000 | ₹23.84 L | 13.4% | ₹20.79 L | 10.7% | ₹22.55 L / ₹19.88 L |
Every 5-year SIP, head to head
We started the same SIP in both funds in every month both have NAVs for — 106 SIPs, the first starting Jan 2013. HDFC ELSS - Tax Saver Fund finished ahead in 52% of them; the median gap was 0.3 percentage points a year in HDFC 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 106 lost money; UTI ELSS Tax Saver Fund's worst returned -4.6% (started Apr 2015) and 2 lost money.
XIRR of every 5-year monthly SIP by the month it started. Gap = HDFC ELSS - Tax Saver Fund minus UTI ELSS Tax Saver Fund, percentage points a year.
| Window | SIPs compared | Ahead (HDFC / UTI) | Median gap | Worst gap | Best gap |
|---|---|---|---|---|---|
| 3-year SIPs | 130 | 60% / 40% | +1.4 pp | -11.0 ppstarted Dec 2017 | +13.5 ppstarted Mar 2021 |
| 5-year SIPs | 106 | 52% / 48% | +0.3 pp | -7.2 ppstarted Dec 2015 | +9.0 ppstarted May 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.
- UTI ELSS Tax Saver Fund beat a plain Nifty 500 index fund in 2% of 49 rolling 3-year SIPs (median gap -1.6 pp a year) — UTI ELSS Tax Saver Fund vs Nifty 500 index fund.
- UTI ELSS Tax Saver Fund: the Regular plan of the same 10-year SIP ended ₹1,16,643 below Direct.
Questions
Which has given better SIP returns, HDFC ELSS - Tax Saver Fund or UTI 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 ₹6.84 L in UTI ELSS Tax Saver Fund (XIRR 5.4%). Past returns don't tell you which will do better next.
Has HDFC ELSS - Tax Saver Fund beaten UTI ELSS Tax Saver Fund consistently?
In 52% of 106 rolling 5-year SIPs started on the same dates (from Jan 2013), HDFC ELSS - Tax Saver Fund ended ahead of UTI ELSS Tax Saver Fund (Direct plans). The median difference was +0.3 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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