Navi ELSS Tax Saver Nifty50 Index Fund vs Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund
ELSS · Direct Plan – Growth · Compared on official AMFI NAV data · NAVs as of 09-Nov-2026
| Metric | Navi ELSS Tax Saver Nifty50 Index Fund | Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund |
|---|---|---|
| Latest NAV | ₹15.25 | ₹72.87 |
| 1-Year Return | +0.49% | +2.07% |
| 3-Year Return (CAGR) | +9.36% | +11.63% |
| 5-Year Return (CAGR) | N/A | N/A |
| Volatility (1Y, annualised) | 14.3% | 15.1% |
| Max Drawdown | −15.5% | −18.3% |
| Fund House | Navi Mutual Fund | Union Mutual Fund |
Growth of ₹10,000
If you had invested ₹10,000 in each fund
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Navi ELSS Tax Saver Nifty50 Index Fund vs Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund: which is better?
Navi ELSS Tax Saver Nifty50 Index Fund and Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund are both elss 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), Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund leads with +11.63% against +9.36% — a gap of about 2.27 percentage points per year over that period.
Navi ELSS Tax Saver Nifty50 Index Fund has been the steadier fund over the past year, with annualised volatility of 14.3% versus 15.1%. Looking at worst falls, Navi ELSS Tax Saver Nifty50 Index Fund's deepest drawdown in the stored history is −15.5% against −18.3% for Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund.
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
- Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund has delivered higher 3-year returns (+11.63% vs +9.36%).
- Navi ELSS Tax Saver Nifty50 Index Fund has shown lower volatility over the trailing year.
- Navi ELSS Tax Saver Nifty50 Index Fund has had the shallower maximum drawdown (−15.5%).
Frequently Asked Questions
Which fund has given higher returns — Navi ELSS Tax Saver Nifty50 Index Fund or Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund?
Over the past 3 year period, Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund has delivered higher returns: +11.63% versus +9.36% annualised. Past performance does not guarantee future results.
Which fund is less risky — Navi ELSS Tax Saver Nifty50 Index Fund or Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund?
Based on the trailing year, Navi ELSS Tax Saver Nifty50 Index Fund has shown lower day-to-day volatility (Navi ELSS Tax Saver Nifty50 Index Fund: 14.3%, Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund: 15.1% annualised). Volatility and drawdowns describe past behaviour, not future safety — both funds carry the market risk of their category.
Can I invest in both Navi ELSS Tax Saver Nifty50 Index Fund and Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund?
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 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.