Previously Known As : Mirae Asset Tax Saver Fund
Mirae Asset Elss Tax Saver Fund Datagrid
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 6
Rating
Growth Option 12-12-2025
NAV ₹50.85(R) +0.61% ₹57.75(D) +0.61%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 4.54% 16.5% 17.64% 17.43% -%
Direct 5.55% 17.67% 18.95% 18.92% -%
Nifty 500 TRI 3.05% 15.53% 17.36% 16.03% 15.17%
SIP (XIRR) Regular 15.87% 15.84% 15.37% 17.79% -%
Direct 17.0% 17.0% 16.56% 19.15% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.79 0.39 0.62 1.34% 0.11
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
12.74% -16.71% -16.53% 0.96 9.25%
Fund AUM As on: 30/06/2025 25052 Cr
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
Hdfc Taxsaver 1
Sbi Long Term Equity Fund 2
Whiteoak Capital Elss Tax Saver Fund 3
Baroda BNP Paribas ELSS Tax Saver Fund 4
DSP ELSS Tax Saver Fund 5
Mirae Asset ELSS Tax Saver Fund 6
ICICI Prudential ELSS Tax Saver Fund 7
JM ELSS Tax Saver Fund 8

NAV Date: 12-12-2025

Scheme Name NAV Rupee Change Percent Change
Mirae Asset ELSS Tax Saver Fund - Regular Plan - IDCW 26.78
0.1600
0.6100%
Mirae Asset ELSS Tax Saver Fund - Direct Plan - IDCW 31.63
0.1900
0.6100%
Mirae Asset ELSS Tax Saver Fund - Regular Plan - Growth 50.85
0.3100
0.6100%
Mirae Asset ELSS Tax Saver Fund - Direct Plan - Growth 57.75
0.3500
0.6100%

Review Date: 12-12-2025

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 1.34% which is higher than the category average of 1.17%. Here the fund has shown good performance in terms of risk adjusted returns. The fund has a Sharpe Ratio of 0.79 which is higher than the category average of 0.74.
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 -0.24%, 3.4 and 5.82 in last one, three and six months respectively. In the same period the category average return was -0.46%, 1.57% and 3.04% respectively.
  • Mirae Asset ELSS Tax Saver Fund has given a return of 5.55% in last one year. In the same period the Nifty 500 TRI return was 3.05%. The fund has given 2.5% more return than the benchmark return.
  • The fund has given a return of 17.67% in last three years and rank 14th out of 37 funds in the category. In the same period the Nifty 500 TRI return was 15.53%. The fund has given 2.14% more return than the benchmark return.
  • Mirae Asset ELSS Tax Saver Fund has given a return of 18.95% in last five years and category average returns is 18.35% in same period. The fund ranked 14th out of 33 funds in the category. In the same period the Nifty 500 TRI return was 17.36%. The fund has given 1.59% more return than the benchmark return.
  • The fund has given a SIP return of 17.0% in last one year whereas category average SIP return is 10.98%. The fund one year return rank in the category is 3rd in 41 funds
  • The fund has SIP return of 17.0% in last three years and ranks 11th in 37 funds. Whiteoak Capital Elss Tax Saver Fund has given the highest SIP return (19.97%) in the category in last three years.
  • The fund has SIP return of 16.56% in last five years whereas category average SIP return is 15.79%.

Mirae Asset ELSS Tax Saver Fund Risk Analysis

  • The fund has a standard deviation of 12.74 and semi deviation of 9.25. The category average standard deviation is 13.08 and semi deviation is 9.57.
  • The fund has a Value at Risk (VaR) of -16.71 and a maximum drawdown of -16.53. The category average VaR is -16.9 and the maximum drawdown is -17.36. 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 % -0.32 -0.45
    -0.56
    		-4.85 | 1.02 21 | 40 Average
    3M Return % 3.15 2.44
    1.26
    		-5.26 | 4.76 9 | 40 Very Good
    6M Return % 5.30 3.56
    2.45
    		-7.07 | 6.91 4 | 40 Very Good
    1Y Return % 4.54 3.05
    -0.30
    		-17.53 | 7.25 5 | 40 Very Good
    3Y Return % 16.50 15.53
    15.83
    		10.04 | 22.46 12 | 37 Good
    5Y Return % 17.64 17.36
    17.02
    		10.99 | 23.43 13 | 33 Good
    7Y Return % 17.43 16.03
    15.49
    		10.81 | 22.98 6 | 30 Very Good
    1Y SIP Return % 15.87
    9.66
    		-3.29 | 15.87 1 | 40 Very Good
    3Y SIP Return % 15.84
    13.91
    		7.22 | 18.51 10 | 37 Very Good
    5Y SIP Return % 15.37
    14.50
    		9.11 | 20.24 11 | 33 Good
    7Y SIP Return % 17.79
    16.53
    		12.40 | 22.59 9 | 30 Good
    Standard Deviation 12.74
    13.08
    		9.41 | 18.99 17 | 37 Good
    Semi Deviation 9.25
    9.57
    		6.81 | 14.83 17 | 37 Good
    Max Drawdown % -16.53
    -17.36
    		-25.67 | -9.56 16 | 37 Good
    VaR 1 Y % -16.71
    -16.90
    		-24.68 | -10.74 21 | 37 Average
    Average Drawdown % -6.82
    -7.11
    		-10.83 | -3.90 15 | 37 Good
    Sharpe Ratio 0.79
    0.74
    		0.27 | 1.22 15 | 37 Good
    Sterling Ratio 0.62
    0.59
    		0.30 | 0.88 14 | 37 Good
    Sortino Ratio 0.39
    0.37
    		0.13 | 0.65 13 | 37 Good
    Jensen Alpha % 1.34
    1.17
    		-6.06 | 7.11 17 | 37 Good
    Treynor Ratio 0.11
    0.10
    		0.04 | 0.16 16 | 37 Good
    Modigliani Square Measure % 16.79
    16.05
    		8.64 | 23.27 14 | 37 Good
    Alpha % 1.38
    0.48
    		-5.26 | 8.75 15 | 37 Good
    Return data last Updated On : Dec. 12, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 28, 2025
    KPIs: Key Performance Indicators

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    KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -0.24 -0.45 -0.46 -4.76 | 1.12 20 | 41 Good
    3M Return % 3.40 2.44 1.57 -4.91 | 5.20 9 | 41 Very Good
    6M Return % 5.82 3.56 3.04 -6.40 | 7.56 4 | 41 Very Good
    1Y Return % 5.55 3.05 0.88 -16.33 | 7.91 5 | 41 Very Good
    3Y Return % 17.67 15.53 17.10 11.87 | 23.28 14 | 37 Good
    5Y Return % 18.95 17.36 18.35 12.16 | 25.23 14 | 33 Good
    7Y Return % 18.92 16.03 16.74 11.75 | 24.78 6 | 30 Very Good
    1Y SIP Return % 17.00 10.98 -1.84 | 17.27 3 | 41 Very Good
    3Y SIP Return % 17.00 15.19 9.03 | 19.97 11 | 37 Good
    5Y SIP Return % 16.56 15.79 10.98 | 21.05 13 | 33 Good
    7Y SIP Return % 19.15 17.81 13.34 | 24.44 8 | 30 Very Good
    Standard Deviation 12.74 13.08 9.41 | 18.99 17 | 37 Good
    Semi Deviation 9.25 9.57 6.81 | 14.83 17 | 37 Good
    Max Drawdown % -16.53 -17.36 -25.67 | -9.56 16 | 37 Good
    VaR 1 Y % -16.71 -16.90 -24.68 | -10.74 21 | 37 Average
    Average Drawdown % -6.82 -7.11 -10.83 | -3.90 15 | 37 Good
    Sharpe Ratio 0.79 0.74 0.27 | 1.22 15 | 37 Good
    Sterling Ratio 0.62 0.59 0.30 | 0.88 14 | 37 Good
    Sortino Ratio 0.39 0.37 0.13 | 0.65 13 | 37 Good
    Jensen Alpha % 1.34 1.17 -6.06 | 7.11 17 | 37 Good
    Treynor Ratio 0.11 0.10 0.04 | 0.16 16 | 37 Good
    Modigliani Square Measure % 16.79 16.05 8.64 | 23.27 14 | 37 Good
    Alpha % 1.38 0.48 -5.26 | 8.75 15 | 37 Good
    Return data last Updated On : Dec. 12, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 28, 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
    12-12-2025 50.847 57.748
    11-12-2025 50.539 57.396
    10-12-2025 50.253 57.07
    09-12-2025 50.509 57.359
    08-12-2025 50.421 57.257
    05-12-2025 51.108 58.034
    04-12-2025 50.882 57.776
    03-12-2025 50.862 57.751
    02-12-2025 50.903 57.796
    01-12-2025 51.077 57.992
    28-11-2025 51.199 58.126
    27-11-2025 51.287 58.224
    26-11-2025 51.278 58.212
    25-11-2025 50.709 57.565
    24-11-2025 50.742 57.601
    21-11-2025 50.897 57.772
    20-11-2025 51.2 58.114
    19-11-2025 51.128 58.031
    18-11-2025 50.923 57.797
    17-11-2025 51.207 58.118
    14-11-2025 50.955 57.827
    13-11-2025 50.955 57.825
    12-11-2025 51.008 57.885

    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.