Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) vs NJ ELSS Tax Saver Scheme
ELSS- Tax Saver Fund · Direct Plan – Growth · Compared on official AMFI NAV data · NAVs as of 07-Aug-2026
| Metric | Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) | NJ ELSS Tax Saver Scheme |
|---|---|---|
| Latest NAV | ₹22.32 | ₹15.2 |
| 1-Year Return | -2.70% | -3.56% |
| 3-Year Return (CAGR) | +11.96% | +14.17% |
| 5-Year Return (CAGR) | N/A | N/A |
| Volatility (1Y, annualised) | 13.9% | 12.9% |
| Max Drawdown | −20.8% | −22.8% |
| Fund House | Groww Mutual Fund | NJ Mutual Fund |
Growth of ₹10,000
If you had invested ₹10,000 in each fund
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Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) vs NJ ELSS Tax Saver Scheme: which is better?
Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) and NJ ELSS Tax Saver Scheme are both elss- tax saver fund mutual funds (direct plan, growth option). This comparison uses each fund's official AMFI NAV history — the same daily data the fund houses publish — to compare returns, volatility and drawdowns side by side.
On 3-year returns (annualised), NJ ELSS Tax Saver Scheme leads with +14.17% against +11.96% — a gap of about 2.21 percentage points per year over that period.
NJ ELSS Tax Saver Scheme has been the steadier fund over the past year, with annualised volatility of 12.9% versus 13.9%. Looking at worst falls, Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund)'s deepest drawdown in the stored history is −20.8% against −22.8% for NJ ELSS Tax Saver Scheme.
Which fund suits you depends on your horizon and appetite for swings: the higher-return fund is only the better pick if you can hold through its rougher months. Use the ₹10,000 growth chart above to see how each fund actually behaved through market cycles, and consider consulting a SEBI-registered adviser before investing. This comparison is informational, not investment advice.
Key takeaways
- NJ ELSS Tax Saver Scheme has delivered higher 3-year returns (+14.17% vs +11.96%).
- NJ ELSS Tax Saver Scheme has shown lower volatility over the trailing year.
- Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) has had the shallower maximum drawdown (−20.8%).
Frequently Asked Questions
Which fund has given higher returns — Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) or NJ ELSS Tax Saver Scheme?
Over the past 3 year period, NJ ELSS Tax Saver Scheme has delivered higher returns: +14.17% versus +11.96% annualised. Past performance does not guarantee future results.
Which fund is less risky — Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) or NJ ELSS Tax Saver Scheme?
Based on the trailing year, NJ ELSS Tax Saver Scheme has shown lower day-to-day volatility (Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund): 13.9%, NJ ELSS Tax Saver Scheme: 12.9% annualised). Volatility and drawdowns describe past behaviour, not future safety — both funds carry the market risk of their category.
Can I invest in both Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) and NJ ELSS Tax Saver Scheme?
Yes — many investors split a SIP across two funds. If both funds are from the same category, remember they will hold overlapping stocks, so diversification benefits may be smaller than they appear. Check each scheme's portfolio before doubling up within one category.
More ELSS- Tax Saver Fund comparisons
Returns, volatility and drawdowns are computed from official AMFI NAV history for direct-growth plans and may differ slightly from fund-house factsheets due to date conventions. Mutual fund investments are subject to market risks. This comparison is for informational purposes only — not investment advice.