DSP ELSS Tax Saver Fund vs Mirae Asset BSE Sensex ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
DSP ELSS Tax Saver Fund is an ELSS fund and Mirae Asset BSE Sensex ETF is an ETF fund. In the 3 years to 30-10-2026, DSP ELSS Tax Saver Fund (Direct) returned 13.0% a year and Mirae Asset BSE Sensex ETF returned 6.2% a year. DSP ELSS Tax Saver Fund charges 0.91% a year and Mirae Asset BSE Sensex ETF 0.12%. Their portfolios overlap 56.3%: they hold 19 of the same securities.
DSP ELSS Tax Saver Fund
ELSS
- 3 year return
- 13.0%
- Expense ratio
- 0.91%
- NAV
- ₹147.63
Mirae Asset BSE Sensex ETF
ETF
- 3 year return
- 6.2%
- Expense ratio
- 0.12%
- NAV
- ₹76.94
Which is better, DSP ELSS Tax Saver or Mirae Asset BSE Sensex ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP ELSS Tax Saver returned more over 3 years: 13.0% a year against 6.2%.
- DSP ELSS Tax Saver returned more over 1 year: −6.9% against −11.0%.
- Mirae Asset BSE Sensex ETF costs less: 0.12% a year against 0.91%.
- Mirae Asset BSE Sensex ETF swung less over 3 years: a standard deviation of 13.3% a year against 14.0%.
- Mirae Asset BSE Sensex ETF fell less in its worst fall since 03-10-2023: −16.1% against −16.2%.
- Mirae Asset BSE Sensex ETF holds more in large companies: 100.0% of the fund in large caps against 76.1%.
- DSP ELSS Tax Saver is the larger fund: ₹15,569 Cr against ₹42 Cr.
- Their portfolios overlap 56.3%: 19 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | DSP ELSS Tax Saver Fund | Mirae Asset BSE Sensex ETF |
|---|---|---|
| Fund house | DSP Mutual Fund | Mirae Asset Mutual Fund |
| Category | ELSS | ETF |
| AUM | ₹15,569 Cr (30-09-2026) | ₹42 Cr (30-09-2026) |
| NAV | ₹147.63 (Direct) | ₹76.94 |
| Expense ratio (Direct) | 0.91% | Not available |
| Expense ratio (Regular) | 1.80% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | BSE SENSEX TRI |
| Launch date | 18-01-2007 | 29-09-2023 |
| Minimum investment | ₹500 | On exchange in multiple of 1 unit. With AMC: In multiples of 1,00,000 Units |
| Lock in | 3 years | None |
| Fund managers | Rohit Singhania | Ekta Gala, amp, Ritesh Patel |
| Exit load | Nil | NIL |
DSP ELSS Tax Saver vs Mirae Asset BSE Sensex ETF: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| DSP ELSS Tax Saver Fund (Direct) | +0.35% | −5.64% | −2.65% | −6.86% | +13.04% | +10.90% | +14.11% |
| Mirae Asset BSE Sensex ETF | +2.77% | −4.29% | −2.43% | −10.98% | +6.23% | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
Category average: the average of the 50 ELSS funds, same plan type.
DSP ELSS Tax Saver vs Mirae Asset BSE Sensex ETF: Year-wise Returns
| Year | DSP ELSS Tax SaverDSP ELSS Tax Saver | Mirae Asset BSE Sensex ETFMirae Asset BSE Sensex ETF |
|---|---|---|
| 2026to date | −8.80% | −11.86% |
| 2025 | +8.50% | +10.30% |
| 2024 | +25.04% | +9.36% |
| 2023 | +31.19% | -- |
| 2022 | +5.51% | -- |
| 2021 | +36.41% | -- |
DSP ELSS Tax Saver vs Mirae Asset BSE Sensex ETF: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of DSP ELSS Tax Saver Fund
Rolling returns
Every 1-year holding period, 511 of them, one for each trading day from 03-10-2024 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
DSP ELSS Tax Saver Fund (Direct)
Mirae Asset BSE Sensex ETF
Nifty 500 TRI
to
Dec 2024Apr 2024
to
Apr 2025Aug 2024
to
Aug 2025Dec 2024
to
Dec 2025May 2025
to
May 2026Aug 2025
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP ELSS Tax Saver | 21.7 | 23.5 | 17.4 | 11.5 | 11.9 | 2.0 | 11.9 | 10.1% | 6.7% | −7.9% | 49.4% | 64% |
| Mirae Asset BSE Sensex ETF | 31.8 | 17.3 | 29.2 | 11.9 | 2.3 | 4.7 | 2.7 | 4.6% | 5.2% | −12.7% | 27.4% | 44% |
| Nifty 500 TRI | 21.3 | 28.2 | 28.8 | 7.8 | 3.7 | 0.8 | 9.4 | 7.0% | 5.1% | −9.0% | 39.1% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 03-10-2023. Past returns do not promise future returns.
DSP ELSS Tax Saver vs Mirae Asset BSE Sensex ETF: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 03-10-2023 to 30-10-2026: 37 instalments, ₹3,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP ELSS Tax SaverDSP ELSS Tax Saver Fund (Direct) | ₹3,70,000 | ₹3,83,942 | ₹13,942 | 2.4% |
| Mirae Asset BSE Sensex ETFMirae Asset BSE Sensex ETF | ₹3,70,000 | ₹3,63,913 | −₹6,087 | −1.0% |
DSP ELSS Tax SaverDSP ELSS Tax Saver Fund (Direct)
Mirae Asset BSE Sensex ETFMirae Asset BSE Sensex ETF
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
DSP ELSS Tax Saver vs Mirae Asset BSE Sensex ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP ELSS Tax Saver Fund (Direct) | Mirae Asset BSE Sensex ETF |
|---|---|---|
| Return (CAGR) | −6.86% | −10.98% |
| Standard deviation | 14.04% | 13.99% |
| Sharpe ratio | -0.86 | -1.16 |
| Sortino ratio | -1.17 | -1.55 |
| Maximum drawdown | −14.8% (31-03-2026) | −16.1% (31-03-2026) |
| Beta | 0.95 | 1.00 |
| Alpha | −0.20% | −0.08% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | DSP ELSS Tax Saver Fund (Direct) | Mirae Asset BSE Sensex ETF |
|---|---|---|
| Return (CAGR) | +13.04% | +6.23% |
| Standard deviation | 13.97% | 13.26% |
| Sharpe ratio | 0.50 | 0.02 |
| Sortino ratio | 0.69 | 0.02 |
| Maximum drawdown | −16.2% (03-03-2025) | −16.1% (31-03-2026) |
| Beta | 0.96 | 1.00 |
| Alpha | +3.01% | −0.09% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | DSP ELSS Tax Saver Fund (Direct) | Mirae Asset BSE Sensex ETF |
|---|---|---|
| Return (CAGR) | +15.89% | +5.37% |
| Standard deviation | 15.63% | 13.21% |
| Sharpe ratio | 0.63 | -0.05 |
| Sortino ratio | 0.85 | -0.07 |
| Maximum drawdown | −37.2% (23-03-2020) | −16.1% (31-03-2026) |
| Beta | 0.96 | 1.00 |
| Alpha | +3.34% | −0.09% |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
DSP ELSS Tax Saver Fund (Direct)
Mirae Asset BSE Sensex ETF
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP ELSS Tax Saver Fund (Direct) | −16.2% | 27-09-2024 | 03-03-2025 | 17-11-2025 | 9 months | −9.8% |
| Mirae Asset BSE Sensex ETF | −16.1% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.4% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 03-10-2023, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
DSP ELSS Tax Saver Fund (Direct)
Mirae Asset BSE Sensex ETF
Nifty 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
DSP ELSS Tax Saver Fund (Direct)
Mirae Asset BSE Sensex ETF
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| DSP ELSS Tax Saver Fund (Direct) | 106% | 94% | 3.64% |
| Mirae Asset BSE Sensex ETF | 78% | 87% | 5.15% |
From month-end values since 03-10-2023. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
DSP ELSS Tax Saver vs Mirae Asset BSE Sensex ETF: Portfolio Overlap
From each fund's latest monthly portfolio: DSP ELSS Tax Saver Fund, September 2026; Mirae Asset BSE Sensex ETF, September 2026
Holdings in common
- Overlap
- 56.3%
- Held by both
- 19
- Only in DSP ELSS Tax Saver
- 39
- Only in Mirae Asset BSE Sensex ETF
- 11
| Security | % of DSP ELSS Tax Saver | % of Mirae Asset BSE Sensex ETF |
|---|---|---|
| ICICI Bank Limited | 9.69% | 11.03% |
| HDFC Bank Limited | 8.97% | 12.59% |
| State Bank of India | 5.59% | 4.64% |
| Axis Bank Limited | 7.97% | 4.08% |
| Kotak Mahindra Bank Limited | 3.89% | 3.57% |
| Bharti Airtel Limited | 3.37% | 6.38% |
| Reliance Industries Limited | 2.84% | 9.16% |
| Mahindra & Mahindra Limited | 2.43% | 3.07% |
| Infosys Limited | 2.28% | 4.08% |
| NTPC Limited | 1.86% | 1.78% |
| Sun Pharmaceutical Industries Limited | 1.68% | 2.28% |
| Hindustan Unilever Limited | 1.61% | 1.95% |
| Larsen & Toubro Limited | 1.52% | 5.11% |
| Tata Consultancy Services Limited | 1.51% | 2.41% |
| Eternal Limited | 1.47% | 2.69% |
| ITC Limited | 1.38% | 2.96% |
| Asian Paints Limited | 1.21% | 1.26% |
| Maruti Suzuki India Limited | 1.19% | 1.79% |
| Ultratech Cement Limited | 1.06% | 1.50% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 56.3% means 56.3% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in DSP ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Max Financial Services Limited | 2.06% |
| Bharat Petroleum Corporation Limited | 1.95% |
| Cipla Limited | 1.93% |
| Samvardhana Motherson International Limited | 1.61% |
| Coforge Limited | 1.60% |
Largest holdings only in Mirae Asset BSE Sensex ETF
| Security | % of fund |
|---|---|
| Bajaj Finance Ltd. | 2.99% |
| Titan Company Ltd. | 2.18% |
| Tata Steel Ltd. | 1.77% |
| Adani Ports and Special Economic Zone Ltd. | 1.63% |
| Bharat Electronics Ltd. | 1.62% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP ELSS Tax Saver | Mirae Asset BSE Sensex ETF |
|---|---|---|
| Equity | 98.8% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.2% | -0.0% |
Market cap of stocks
| Market cap | DSP ELSS Tax Saver | Mirae Asset BSE Sensex ETF |
|---|---|---|
| Large Cap | 76.1% | 100.0% |
| Mid Cap | 15.2% | 0.0% |
| Small Cap | 7.5% | 0.0% |
| Not on AMFI's list | 0.1% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | DSP ELSS Tax Saver | Mirae Asset BSE Sensex ETF |
|---|---|---|
| Banks | 37.1% | 35.9% |
| Petroleum Products | 5.8% | 9.2% |
| IT - Software | 5.4% | 9.2% |
| Pharmaceuticals & Biotechnology | 6.9% | 2.3% |
| Telecom - Services | 4.9% | 6.4% |
| Construction | 2.2% | 5.1% |
| Diversified FMCG | 3.0% | 4.9% |
| Finance | 4.9% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
DSP ELSS Tax Saver vs Mirae Asset BSE Sensex ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP ELSS Tax Saver Fund | Mirae Asset BSE Sensex ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.91% | Not available |
| Base expense ratio (Direct) | 0.68% | 0.00% |
| Total expense ratio (Regular) | 1.80% | Not available |
| Base expense ratio (Regular) | 1.45% | 0.05% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
DSP ELSS Tax Saver Fund vs Mirae Asset BSE Sensex ETF: Frequently Asked Questions
What is the difference between DSP ELSS Tax Saver Fund and Mirae Asset BSE Sensex ETF?
DSP ELSS Tax Saver Fund is an ELSS fund, Mirae Asset BSE Sensex ETF is an ETF fund, run by DSP Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 56.3%. DSP ELSS Tax Saver Fund charges 0.91% a year and Mirae Asset BSE Sensex ETF 0.12%.
Which has given higher returns, DSP ELSS Tax Saver Fund or Mirae Asset BSE Sensex ETF?
Over 1 year: DSP ELSS Tax Saver Fund −6.86%, Mirae Asset BSE Sensex ETF −10.98%. Over 3 years: DSP ELSS Tax Saver Fund +13.04% a year, Mirae Asset BSE Sensex ETF +6.23% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP ELSS Tax Saver Fund or Mirae Asset BSE Sensex ETF?
Mirae Asset BSE Sensex ETF charges less: 0.12% a year against 0.91%. These are the total expense ratios reported to AMFI.
How much do DSP ELSS Tax Saver Fund and Mirae Asset BSE Sensex ETF overlap?
56.3%. They hold 19 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, DSP ELSS Tax Saver Fund or Mirae Asset BSE Sensex ETF?
On SEBI's riskometer, DSP ELSS Tax Saver Fund is rated Very High and Mirae Asset BSE Sensex ETF Very High. Over 3 years, the standard deviation of daily returns was 13.97% and 13.26% a year.
Which is better for SIP, DSP ELSS Tax Saver Fund or Mirae Asset BSE Sensex ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,83,942 in DSP ELSS Tax Saver Fund (XIRR 2.4% a year) and ₹3,63,913 in Mirae Asset BSE Sensex ETF (XIRR -1.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both DSP ELSS Tax Saver Fund and Mirae Asset BSE Sensex ETF?
Yes. 56.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages DSP ELSS Tax Saver Fund and Mirae Asset BSE Sensex ETF?
DSP ELSS Tax Saver Fund: Rohit Singhania. Mirae Asset BSE Sensex ETF: Ekta Gala, amp, Ritesh Patel.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.