Previously Known As : Mirae Asset Tax Saver Fund
Mirae Asset Elss Tax Saver Fund Datagrid
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 12
Rating
Growth Option 01-10-2026
NAV ₹47.22(R) -0.92% ₹54.04(D) -0.92%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular -3.38% 9.58% 8.77% 15.28% 14.44%
Direct -2.45% 10.64% 9.9% 16.63% 15.86%
Benchmark
SIP (XIRR) Regular -8.02% 2.45% 8.14% 11.69% 13.12%
Direct -7.12% 3.48% 9.26% 12.95% 14.49%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.48 0.23 0.51 1.81% 0.08
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
15.47% -21.69% -16.53% 0.98 11.55%
Fund AUM As on: 30/12/2025 26983 Cr
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
Motilal Oswal ELSS Tax Saver Fund 1
quant Elss Tax Saver Fund 2
SBI ELSS Tax Saver Fund 3
Baroda BNP Paribas ELSS Tax Saver Fund 4
HSBC Elss Tax Saver Fund 5
Whiteoak Capital Elss Tax Saver Fund 6
JM ELSS Tax Saver Fund 7
Nippon India ELSS Tax Saver Fund 8

NAV Date: 01-10-2026

Scheme Name NAV Rupee Change Percent Change
Mirae Asset ELSS Tax Saver Fund - Regular Plan - IDCW 21.19
-0.2000
-0.9200%
Mirae Asset ELSS Tax Saver Fund - Direct Plan - IDCW 25.25
-0.2300
-0.9100%
Mirae Asset ELSS Tax Saver Fund - Regular Plan - Growth 47.22
-0.4400
-0.9200%
Mirae Asset ELSS Tax Saver Fund - Direct Plan - Growth 54.04
-0.5000
-0.9200%

Review Date: 01-10-2026

Beginning of Analysis

In the ELSS (Tax Saving) Fund category, Mirae Asset ELSS Tax Saver Fund is the 8th ranked fund. The category has total 35 funds. The Mirae Asset ELSS Tax Saver Fund has shown an excellent past performence in ELSS (Tax Saving) Fund. The fund has a Jensen Alpha of 1.81% which is higher than the category average of -0.29%. Here the fund has shown very good performance in terms of risk adjusted returns. The fund has a Sharpe Ratio of 0.48 which is higher than the category average of 0.38.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
ELSS (Tax Saving) Mutual Funds are ideal for taxpayers seeking to save taxes under Section 80C while aiming for long-term wealth creation through equity investments. These funds offer a tax deduction of up to ₹1.5 lakh per financial year and have the shortest lock-in period of 3 years among all Section 80C options. However, being equity-oriented, they are subject to market risks and do not offer guaranteed returns. Investors should have a long-term investment horizon and a moderate to high risk tolerance to invest in ELSS funds. Additionally, the tax implications of long-term capital gains should be considered.

Mirae Asset ELSS Tax Saver Fund Return Analysis

The Mirae Asset ELSS Tax Saver Fund has delivered a mixed performance across various time horizons, showcasing both strengths and challenges when compared to its ELSS (Tax Saving) Fund peers and the Nifty 500 TRI benchmark. This analysis examines the fund’s returns over periods ranging from one month to ten years, alongside its Systematic Investment Plan (SIP) performance, highlighting its rankings within the ELSS (Tax Saving) Fund category and its ability to outperform or underperform the benchmark and category averages.

  • The fund has given a return of -6.69%, -5.79 and 6.37 in last one, three and six months respectively. In the same period the category average return was -5.6%, -3.72% and 6.76% respectively.
  • Mirae Asset ELSS Tax Saver Fund has given a return of -2.45% in last one year. In the same period the Nifty 500 TRI return was -2.0%. The fund has given 0.45% less return than the benchmark return.
  • The fund has given a return of 10.64% in last three years and rank 16th out of thirty nine funds in the category. In the same period the Nifty 500 TRI return was 9.99%. The fund has given 0.65% more return than the benchmark return.
  • Mirae Asset ELSS Tax Saver Fund has given a return of 9.9% in last five years and category average returns is 10.07% in same period. The fund ranked 17th out of thirty one funds in the category. In the same period the Nifty 500 TRI return was 10.13%. The fund has given 0.23% less return than the benchmark return.
  • The fund has given a return of 15.86% in last ten years and ranked 3rd out of twenty six funds in the category. In the same period the Nifty 500 TRI return was 12.97%. The fund has given 2.89% more return than the benchmark return.
  • The fund has given a SIP return of -7.12% in last one year whereas category average SIP return is -5.18%. The fund one year return rank in the category is 24th in 41 funds
  • The fund has SIP return of 3.48% in last three years and ranks 11th in 39 funds. Motilal Oswal ELSS Tax Saver Fund has given the highest SIP return (11.44%) in the category in last three years.
  • The fund has SIP return of 9.26% in last five years whereas category average SIP return is 8.93%.

Mirae Asset ELSS Tax Saver Fund Risk Analysis

  • The fund has a standard deviation of 15.47 and semi deviation of 11.55. The category average standard deviation is 15.39 and semi deviation is 11.37.
  • The fund has a Value at Risk (VaR) of -21.69 and a maximum drawdown of -16.53. The category average VaR is -22.63 and the maximum drawdown is -18.27. The fund has a beta of 0.95 which shows that fund is less volatile than the benchmark.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in ELSS (Tax Saving) Fund Category
  • Good Performance in ELSS (Tax Saving) Fund Category
  • Poor Performance in ELSS (Tax Saving) Fund Category
  • Very Poor Performance in ELSS (Tax Saving) Fund Category

    • Investors beware: Mutual Fund investments are subject to market risks. Please read the scheme related documents carefully.

    Data Source: www.amfiindia.com

    SEBI Categorization


    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -6.76 -6.32
    -5.65
    		-7.59 | -2.54 36 | 40 Poor
    3M Return % -6.02 -5.14
    -3.94
    		-7.17 | 2.79 36 | 40 Poor
    6M Return % 5.86 5.07
    6.22
    		-0.85 | 16.97 19 | 40 Good
    1Y Return % -3.38 -3.80
    -3.74
    		-11.44 | 7.54 19 | 40 Good
    3Y Return % 9.58 9.16
    8.85
    		2.10 | 18.56 16 | 39 Good
    5Y Return % 8.77 8.89
    8.88
    		4.14 | 15.20 16 | 31 Good
    7Y Return % 15.28 14.25
    13.82
    		9.19 | 23.48 7 | 30 Very Good
    10Y Return % 14.44 12.45
    12.07
    		8.87 | 18.15 3 | 25 Very Good
    1Y SIP Return % -8.02
    -6.15
    		-15.86 | 10.22 24 | 40 Average
    3Y SIP Return % 2.45
    1.18
    		-4.09 | 10.12 11 | 39 Good
    5Y SIP Return % 8.14
    7.71
    		2.56 | 16.49 14 | 31 Good
    7Y SIP Return % 11.69
    11.07
    		5.66 | 18.08 11 | 30 Good
    10Y SIP Return % 13.12
    12.07
    		8.24 | 18.86 6 | 25 Very Good
    Standard Deviation 15.47
    15.39
    		11.39 | 21.29 26 | 39 Average
    Semi Deviation 11.55
    11.37
    		8.48 | 15.53 27 | 39 Average
    Max Drawdown % -16.53
    -18.27
    		-28.24 | -14.41 15 | 39 Good
    VaR 1 Y % -21.69
    -22.63
    		-38.55 | -15.29 22 | 39 Average
    Average Drawdown % 8.76
    8.11
    		4.32 | 11.51 15 | 39 Good
    Sharpe Ratio 0.48
    0.38
    		-0.05 | 0.72 12 | 39 Good
    Sterling Ratio 0.51
    0.43
    		0.12 | 0.68 9 | 39 Very Good
    Sortino Ratio 0.23
    0.19
    		0.02 | 0.36 13 | 39 Good
    Jensen Alpha % 1.81
    -0.29
    		-8.12 | 6.11 8 | 38 Very Good
    Treynor Ratio 0.08
    0.07
    		-0.01 | 0.12 12 | 38 Good
    Modigliani Square Measure % 7.39
    6.01
    		-0.84 | 11.01 12 | 38 Good
    Alpha % 1.86
    -0.82
    		-8.52 | 6.66 10 | 38 Very Good
    Return data last Updated On : Oct. 1, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2026
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -6.69 -6.32 -5.60 -7.46 | -2.49 35 | 41 Poor
    3M Return % -5.79 -5.14 -3.72 -7.03 | 3.11 37 | 41 Poor
    6M Return % 6.37 5.07 6.76 -0.45 | 17.75 20 | 41 Good
    1Y Return % -2.45 -3.80 -2.68 -10.44 | 8.61 22 | 41 Good
    3Y Return % 10.64 9.16 10.02 3.52 | 19.97 16 | 39 Good
    5Y Return % 9.90 8.89 10.07 4.94 | 16.59 17 | 31 Average
    7Y Return % 16.63 14.25 15.05 10.70 | 25.29 8 | 30 Very Good
    10Y Return % 15.86 12.45 13.09 9.43 | 19.52 3 | 26 Very Good
    1Y SIP Return % -7.12 -5.18 -15.16 | 11.50 24 | 41 Average
    3Y SIP Return % 3.48 2.29 -2.47 | 11.44 11 | 39 Good
    5Y SIP Return % 9.26 8.93 4.35 | 17.92 15 | 31 Good
    7Y SIP Return % 12.95 12.32 7.56 | 19.74 13 | 30 Good
    10Y SIP Return % 14.49 13.11 9.09 | 20.47 6 | 26 Very Good
    Standard Deviation 15.47 15.39 11.39 | 21.29 26 | 39 Average
    Semi Deviation 11.55 11.37 8.48 | 15.53 27 | 39 Average
    Max Drawdown % -16.53 -18.27 -28.24 | -14.41 15 | 39 Good
    VaR 1 Y % -21.69 -22.63 -38.55 | -15.29 22 | 39 Average
    Average Drawdown % 8.76 8.11 4.32 | 11.51 15 | 39 Good
    Sharpe Ratio 0.48 0.38 -0.05 | 0.72 12 | 39 Good
    Sterling Ratio 0.51 0.43 0.12 | 0.68 9 | 39 Very Good
    Sortino Ratio 0.23 0.19 0.02 | 0.36 13 | 39 Good
    Jensen Alpha % 1.81 -0.29 -8.12 | 6.11 8 | 38 Very Good
    Treynor Ratio 0.08 0.07 -0.01 | 0.12 12 | 38 Good
    Modigliani Square Measure % 7.39 6.01 -0.84 | 11.01 12 | 38 Good
    Alpha % 1.86 -0.82 -8.52 | 6.66 10 | 38 Very Good
    Return data last Updated On : Oct. 1, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2026
    KPIs: Key Performance Indicators

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.


    Date Mirae Asset Elss Tax Saver Fund NAV Regular Growth Mirae Asset Elss Tax Saver Fund NAV Direct Growth
    01-10-2026 47.217 54.041
    30-09-2026 47.655 54.541
    29-09-2026 47.719 54.613
    28-09-2026 48.004 54.938
    25-09-2026 48.664 55.688
    24-09-2026 48.736 55.77
    23-09-2026 50.027 57.245
    22-09-2026 49.584 56.736
    21-09-2026 49.708 56.877
    18-09-2026 49.603 56.753
    17-09-2026 49.367 56.481
    16-09-2026 49.135 56.215
    15-09-2026 48.889 55.932
    11-09-2026 49.603 56.742
    10-09-2026 49.839 57.01
    09-09-2026 49.865 57.038
    08-09-2026 50.17 57.386
    07-09-2026 50.255 57.482
    04-09-2026 50.482 57.737
    03-09-2026 50.448 57.697
    02-09-2026 50.387 57.625
    01-09-2026 50.642 57.916

    Fund Launch Date: 20/Nov/2015
    Fund Category: ELSS (Tax Saving) Fund
    Investment Objective: The investment objective of thescheme is to generate long-termcapital appreciation from a diversifiedportfolio of predominantly equity andequity related instruments. TheScheme does not guarantee orassure any returns.
    Fund Description: ELSS - An open ended equity linkedsaving scheme with a statutory lock inof 3 years and tax benefit
    Fund Benchmark: Nifty 200 (Total Return Index)
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.