Previously Known As : Mirae Asset Tax Saver Fund
Mirae Asset Elss Tax Saver Fund Datagrid
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 4
Rating
Growth Option 09-02-2026
NAV ₹50.72(R) +1.35% ₹57.7(D) +1.35%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 14.37% 17.81% 14.76% 17.49% 18.56%
Direct 15.47% 18.97% 16.02% 18.95% 20.08%
Nifty 500 TRI 11.89% 17.49% 14.93% 16.09% 15.76%
SIP (XIRR) Regular 13.58% 13.79% 14.07% 16.88% 16.65%
Direct 14.69% 14.92% 15.25% 18.23% 18.08%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.9 0.45 0.66 1.54% 0.12
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
12.47% -16.71% -16.53% 0.96 9.04%
Fund AUM As on: 30/12/2025 26983 Cr
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
Hdfc Taxsaver 1
Sbi Long Term Equity Fund 2
DSP ELSS Tax Saver Fund 3
Mirae Asset ELSS Tax Saver Fund 4
Baroda BNP Paribas ELSS Tax Saver Fund 5
Whiteoak Capital Elss Tax Saver Fund 6
ICICI Prudential ELSS Tax Saver Fund 7
Edelweiss ELSS Tax saver Fund 8

NAV Date: 09-02-2026

Scheme Name NAV Rupee Change Percent Change
Mirae Asset ELSS Tax Saver Fund - Regular Plan - IDCW 22.76
0.3000
1.3400%
Mirae Asset ELSS Tax Saver Fund - Direct Plan - IDCW 26.96
0.3600
1.3500%
Mirae Asset ELSS Tax Saver Fund - Regular Plan - Growth 50.72
0.6700
1.3500%
Mirae Asset ELSS Tax Saver Fund - Direct Plan - Growth 57.7
0.7700
1.3500%

Review Date: 09-02-2026

Beginning of Analysis

Mirae Asset ELSS Tax Saver Fund is the 8th ranked fund in the ELSS (Tax Saving) Fund category. 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 1.54% which is higher than the category average of 0.61%. Here the fund has shown good performance in terms of risk adjusted returns. The fund has a Sharpe Ratio of 0.9 which is higher than the category average of 0.8.
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 1.26%, 0.67 and 6.23 in last one, three and six months respectively. In the same period the category average return was 0.96%, 0.04% and 3.75% respectively.
  • Mirae Asset ELSS Tax Saver Fund has given a return of 15.47% in last one year. In the same period the Nifty 500 TRI return was 11.89%. The fund has given 3.58% more return than the benchmark return.
  • The fund has given a return of 18.97% in last three years and rank 14th out of 38 funds in the category. In the same period the Nifty 500 TRI return was 17.49%. The fund has given 1.48% more return than the benchmark return.
  • Mirae Asset ELSS Tax Saver Fund has given a return of 16.02% in last five years and category average returns is 15.63% in same period. The fund ranked 14th out of 32 funds in the category. In the same period the Nifty 500 TRI return was 14.93%. The fund has given 1.09% more return than the benchmark return.
  • The fund has given a return of 20.08% in last ten years and ranked 2nd out of 27 funds in the category. In the same period the Nifty 500 TRI return was 15.76%. The fund has given 4.32% more return than the benchmark return.
  • The fund has given a SIP return of 14.69% in last one year whereas category average SIP return is 9.71%. The fund one year return rank in the category is 3rd in 41 funds
  • The fund has SIP return of 14.92% in last three years and ranks 8th in 37 funds. Sbi Long Term Equity Fund has given the highest SIP return (17.12%) in the category in last three years.
  • The fund has SIP return of 15.25% in last five years whereas category average SIP return is 14.33%.

Mirae Asset ELSS Tax Saver Fund Risk Analysis

  • The fund has a standard deviation of 12.47 and semi deviation of 9.04. The category average standard deviation is 13.02 and semi deviation is 9.55.
  • The fund has a Value at Risk (VaR) of -16.71 and a maximum drawdown of -16.53. The category average VaR is -16.78 and the maximum drawdown is -17.65. 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 Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 1.18 1.00
    0.86
    		-0.66 | 2.36 18 | 40 Good
    3M Return % 0.43 0.46
    -0.25
    		-4.07 | 2.89 18 | 40 Good
    6M Return % 5.72 4.99
    3.13
    		-4.51 | 7.32 6 | 40 Very Good
    1Y Return % 14.37 11.89
    8.89
    		1.09 | 15.11 2 | 40 Very Good
    3Y Return % 17.81 17.49
    16.64
    		7.41 | 24.07 13 | 38 Good
    5Y Return % 14.76 14.93
    14.34
    		9.41 | 20.12 13 | 32 Good
    7Y Return % 17.49 16.09
    15.47
    		11.18 | 23.19 7 | 30 Very Good
    10Y Return % 18.56 15.76
    15.04
    		11.70 | 20.50 2 | 26 Very Good
    1Y SIP Return % 13.58
    8.27
    		-0.23 | 14.96 2 | 39 Very Good
    3Y SIP Return % 13.79
    11.28
    		-0.21 | 16.33 8 | 37 Very Good
    5Y SIP Return % 14.07
    13.15
    		8.08 | 19.01 8 | 30 Very Good
    7Y SIP Return % 16.88
    15.70
    		10.32 | 21.04 9 | 28 Good
    10Y SIP Return % 16.65
    14.75
    		11.03 | 20.05 4 | 25 Very Good
    Standard Deviation 12.47
    13.02
    		9.06 | 19.00 16 | 38 Good
    Semi Deviation 9.04
    9.55
    		6.49 | 14.84 15 | 38 Good
    Max Drawdown % -16.53
    -17.65
    		-28.24 | -9.56 16 | 38 Good
    VaR 1 Y % -16.71
    -16.78
    		-24.68 | -8.66 20 | 38 Good
    Average Drawdown % -4.86
    -6.26
    		-10.28 | -3.31 11 | 38 Good
    Sharpe Ratio 0.90
    0.80
    		0.14 | 1.34 11 | 38 Good
    Sterling Ratio 0.66
    0.61
    		0.22 | 0.93 13 | 38 Good
    Sortino Ratio 0.45
    0.40
    		0.09 | 0.75 10 | 38 Very Good
    Jensen Alpha % 1.54
    0.61
    		-9.13 | 7.26 16 | 38 Good
    Treynor Ratio 0.12
    0.11
    		0.02 | 0.18 15 | 38 Good
    Modigliani Square Measure % 18.13
    16.56
    		6.29 | 24.80 10 | 38 Very Good
    Alpha % 1.50
    -0.07
    		-7.94 | 8.92 13 | 38 Good
    Return data last Updated On : Feb. 9, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2025
    KPIs: Key Performance Indicators

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    KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 1.26 1.00 0.96 -0.52 | 2.46 18 | 41 Good
    3M Return % 0.67 0.46 0.04 -3.91 | 3.14 19 | 41 Good
    6M Return % 6.23 4.99 3.75 -3.83 | 8.21 6 | 41 Very Good
    1Y Return % 15.47 11.89 10.17 2.82 | 15.93 2 | 41 Very Good
    3Y Return % 18.97 17.49 17.91 8.97 | 24.90 14 | 38 Good
    5Y Return % 16.02 14.93 15.63 10.52 | 21.82 14 | 32 Good
    7Y Return % 18.95 16.09 16.75 12.12 | 25.01 6 | 30 Very Good
    10Y Return % 20.08 15.76 16.17 13.10 | 21.82 2 | 27 Very Good
    1Y SIP Return % 14.69 9.71 0.53 | 16.88 3 | 41 Very Good
    3Y SIP Return % 14.92 12.45 1.26 | 17.12 8 | 37 Very Good
    5Y SIP Return % 15.25 14.33 9.94 | 19.81 10 | 32 Good
    7Y SIP Return % 18.23 16.75 12.28 | 22.87 9 | 30 Good
    10Y SIP Return % 18.08 15.74 12.12 | 21.64 4 | 27 Very Good
    Standard Deviation 12.47 13.02 9.06 | 19.00 16 | 38 Good
    Semi Deviation 9.04 9.55 6.49 | 14.84 15 | 38 Good
    Max Drawdown % -16.53 -17.65 -28.24 | -9.56 16 | 38 Good
    VaR 1 Y % -16.71 -16.78 -24.68 | -8.66 20 | 38 Good
    Average Drawdown % -4.86 -6.26 -10.28 | -3.31 11 | 38 Good
    Sharpe Ratio 0.90 0.80 0.14 | 1.34 11 | 38 Good
    Sterling Ratio 0.66 0.61 0.22 | 0.93 13 | 38 Good
    Sortino Ratio 0.45 0.40 0.09 | 0.75 10 | 38 Very Good
    Jensen Alpha % 1.54 0.61 -9.13 | 7.26 16 | 38 Good
    Treynor Ratio 0.12 0.11 0.02 | 0.18 15 | 38 Good
    Modigliani Square Measure % 18.13 16.56 6.29 | 24.80 10 | 38 Very Good
    Alpha % 1.50 -0.07 -7.94 | 8.92 13 | 38 Good
    Return data last Updated On : Feb. 9, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2025
    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
    09-02-2026 50.722 57.696
    06-02-2026 50.048 56.925
    05-02-2026 50.057 56.934
    04-02-2026 50.301 57.209
    03-02-2026 50.208 57.102
    02-02-2026 49.064 55.8
    30-01-2026 49.346 56.116
    29-01-2026 49.441 56.222
    28-01-2026 49.212 55.961
    27-01-2026 48.75 55.434
    23-01-2026 48.559 55.211
    22-01-2026 49.172 55.906
    21-01-2026 48.861 55.551
    20-01-2026 49.092 55.812
    19-01-2026 50.0 56.843
    16-01-2026 50.366 57.254
    14-01-2026 50.391 57.279
    13-01-2026 50.258 57.127
    12-01-2026 50.159 57.013
    09-01-2026 50.132 56.978

    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.