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    DSP ELSS Tax Saver Fund vs Mirae Asset ELSS Tax Saver Fund

    Direct Plan, Growth option · Data as on 30-10-2026

    DSP ELSS Tax Saver Fund and Mirae Asset ELSS Tax Saver Fund are both ELSS funds. In the 3 years to 30-10-2026, DSP ELSS Tax Saver Fund (Direct) returned 13.0% a year and Mirae Asset ELSS Tax Saver Fund (Direct) returned 11.8% a year. DSP ELSS Tax Saver Fund charges 0.91% a year and Mirae Asset ELSS Tax Saver Fund 1.03% (Direct plans). Their portfolios overlap 42.7%: they hold 21 of the same securities.

    DSP ELSS Tax Saver Fund

    ELSS

    3 year return
    13.0%
    Expense ratio
    0.91%
    NAV
    ₹147.63
    See DSP ELSS Tax Saver Fund

    Mirae Asset ELSS Tax Saver Fund

    ELSS

    3 year return
    11.8%
    Expense ratio
    1.03%
    NAV
    ₹53.98
    See Mirae Asset ELSS Tax Saver Fund

    Which is better, DSP ELSS Tax Saver or Mirae Asset ELSS Tax Saver? 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 5 years: 10.9% a year against 9.6%.
    • DSP ELSS Tax Saver returned more over 3 years: 13.0% a year against 11.8%.
    • DSP ELSS Tax Saver costs less: 0.91% a year against 1.03% (Direct plans).
    • Mirae Asset ELSS Tax Saver swung less over 3 years: a standard deviation of 14.0% a year against 14.0%.
    • DSP ELSS Tax Saver fell less in its worst fall since 29-12-2015: −37.2% against −37.8%.
    • DSP ELSS Tax Saver holds more in large companies: 76.1% of the fund in large caps against 57.7%.
    • Mirae Asset ELSS Tax Saver is the larger fund: ₹24,625 Cr against ₹15,569 Cr.
    • Their portfolios overlap 42.7%: 21 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

    FactDSP ELSS Tax Saver FundMirae Asset ELSS Tax Saver Fund
    Fund houseDSP Mutual FundMirae Asset Mutual Fund
    CategoryELSSELSS
    AUM₹15,569 Cr (30-09-2026)₹24,625 Cr (30-09-2026)
    NAV₹147.63 (Direct)₹53.98 (Direct)
    Expense ratio (Direct)0.91%1.03%
    Expense ratio (Regular)1.80%1.96%
    RiskometerVery HighVery High
    BenchmarkNifty 500 TRINifty 500 TRI
    Launch date18-01-200728-12-2015
    Minimum investment₹500₹500
    Lock in3 years3 years
    Fund managersRohit SinghaniaNeelesh Surana
    Exit loadNilNIL

    DSP ELSS Tax Saver vs Mirae Asset ELSS Tax Saver: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    DSP ELSS Tax Saver Fund (Direct)+0.35%−5.64%−2.65%−6.86%+13.04%+10.90%+14.11%
    Mirae Asset ELSS Tax Saver Fund (Direct)−1.03%−6.68%−1.57%−6.77%+11.76%+9.56%+15.65%
    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 ELSS Tax Saver: Year-wise Returns

    YearDSPDSP ELSS Tax SaverMirae AssetMirae Asset ELSS Tax SaverNifty 500 TRI
    2026to date−8.80%−7.15%−7.51%
    2025+8.50%+10.72%+7.76%
    2024+25.04%+18.39%+16.24%
    2023+31.19%+28.35%+26.91%
    2022+5.51%+1.34%+4.25%
    2021+36.41%+37.15%+31.60%

    DSP ELSS Tax Saver vs Mirae Asset ELSS Tax Saver: Rolling Returns

    Every holding period of both funds, against Nifty 500 TRI, the benchmark of both

    Rolling returns

    Every 3-year holding period, 1,930 of them, one for each trading day from 31-12-2018 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.

    −10%0%10%20%30%40%
    Aug 2016
    to
    Aug 2019    Dec 2017
    to
    Dec 2020    Apr 2019
    to
    Apr 2022    Aug 2020
    to
    Aug 2023    Dec 2021
    to
    Dec 2024    Mar 2023
    to
    Mar 2026
    DSP ELSS Tax Saver Fund (Direct)Mirae Asset ELSS Tax Saver Fund (Direct)Nifty 500 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    DSP ELSS Tax Saver2.16.36.213.730.431.69.717.5%19.0%−5.0%34.9%98%
    Mirae Asset ELSS Tax Saver0.13.05.313.739.427.710.818.5%18.9%−1.4%36.7%89%
    Nifty 500 TRI2.66.07.927.438.313.74.015.1%15.6%−6.3%33.5%--

    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 29-12-2015. Past returns do not promise future returns.

    DSP ELSS Tax Saver vs Mirae Asset ELSS Tax Saver: 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 01-12-2015 to 30-10-2026: 131 instalments, ₹13,10,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    DSP ELSS Tax SaverDSP ELSS Tax Saver Fund (Direct) ₹13,10,000 ₹30,17,484 ₹17,07,484 14.5%
    Mirae Asset ELSS Tax SaverMirae Asset ELSS Tax Saver Fund (Direct) ₹13,10,000 ₹31,18,379 ₹18,08,379 15.1%
    ₹0₹10.0 L₹20.0 L₹30.0 L₹40.0 L
    201620182020202220242026
    DSP ELSS Tax SaverDSP ELSS Tax Saver Fund (Direct)Mirae Asset ELSS Tax SaverMirae Asset ELSS Tax Saver Fund (Direct)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 ELSS Tax Saver: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureDSP ELSS Tax Saver Fund (Direct)Mirae Asset ELSS Tax Saver Fund (Direct)
    Return (CAGR)+13.04%+11.76%
    Standard deviation13.97%13.96%
    Sharpe ratio0.500.41
    Sortino ratio0.690.56
    Maximum drawdown−16.2% (03-03-2025)−17.1% (28-02-2025)
    Beta0.960.96
    Alpha+3.01%+1.70%

    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.

    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.

    −40%−30%−20%−10%0%
    201620182020202220242026
    DSP ELSS Tax Saver Fund (Direct)Mirae Asset ELSS Tax Saver Fund (Direct)Nifty 500 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    DSP ELSS Tax Saver Fund (Direct)−37.2%24-01-202023-03-202009-11-20208 months−9.8%
    Mirae Asset ELSS Tax Saver Fund (Direct)−37.8%16-01-202023-03-202006-10-20206 months−8.2%
    Nifty 500 TRI−38.1%17-01-202023-03-202006-11-20207 months−8.8%

    From daily values since 29-12-2015, 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 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.

    0%5%10%15%20%25%
    20192020202120222023202420252026
    DSP ELSS Tax Saver Fund (Direct)Mirae Asset ELSS Tax Saver Fund (Direct)Nifty 500 TRI

    Against Nifty 500 TRI

    FundUp captureDown captureTracking error
    DSP ELSS Tax Saver Fund (Direct)103%92%3.72%
    Mirae Asset ELSS Tax Saver Fund (Direct)107%90%2.85%

    From month-end values since 29-12-2015. 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 ELSS Tax Saver: Portfolio Overlap

    From each fund's latest monthly portfolio: DSP ELSS Tax Saver Fund, September 2026; Mirae Asset ELSS Tax Saver Fund, September 2026

    Holdings in common

    Overlap
    42.7%
    Held by both
    21
    Only in DSP ELSS Tax Saver
    37
    Only in Mirae Asset ELSS Tax Saver
    48
    Security% of DSP ELSS Tax Saver% of Mirae Asset ELSS Tax Saver
    HDFC Bank Limited8.97%8.77%
    ICICI Bank Limited9.69%5.19%
    State Bank of India5.59%4.09%
    Axis Bank Limited7.97%3.66%
    Bharti Airtel Limited3.37%3.60%
    Reliance Industries Limited2.84%4.34%
    Infosys Limited2.28%1.96%
    Sun Pharmaceutical Industries Limited1.68%2.34%
    Mahindra & Mahindra Limited2.43%1.55%
    SBI Life Insurance Co Limited1.53%1.95%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.7% means 42.7% 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 Limited2.06%
    Cipla Limited1.93%
    NTPC Limited1.86%
    Samvardhana Motherson International Limited1.61%
    Hindustan Unilever Limited1.61%

    Largest holdings only in Mirae Asset ELSS Tax Saver Fund

    Security% of fund
    Laurus Labs Ltd.4.55%
    Delhivery Ltd.2.41%
    Hindalco Industries Ltd.2.40%
    Crompton Greaves Consumer Electricals Ltd.2.02%
    Steel Authority of India Ltd.1.84%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetDSP ELSS Tax SaverMirae Asset ELSS Tax Saver
    Equity98.8%99.0%
    Debt0.0%0.0%
    Cash and others1.2%1.0%

    Market cap of stocks

    Market capDSP ELSS Tax SaverMirae Asset ELSS Tax Saver
    Large Cap76.1%57.7%
    Mid Cap15.2%20.9%
    Small Cap7.5%18.9%
    Not on AMFI's list0.1%1.5%

    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

    SectorDSP ELSS Tax SaverMirae Asset ELSS Tax Saver
    Banks37.1%25.6%
    Pharmaceuticals & Biotechnology6.9%8.9%
    Petroleum Products5.8%5.0%
    Automobiles4.2%5.5%
    IT - Software5.4%3.1%
    Telecom - Services4.9%5.1%
    Finance4.9%0.0%
    Retailing1.5%4.9%

    The six largest sectors of each fund's stocks, % of the fund.

    DSP ELSS Tax Saver vs Mirae Asset ELSS Tax Saver: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeDSP ELSS Tax Saver FundMirae Asset ELSS Tax Saver Fund
    Total expense ratio (Direct)0.91%1.03%
    Base expense ratio (Direct)0.68%0.60%
    Total expense ratio (Regular)1.80%1.96%
    Base expense ratio (Regular)1.45%1.39%

    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 ELSS Tax Saver Fund: Frequently Asked Questions

    What is the difference between DSP ELSS Tax Saver Fund and Mirae Asset ELSS Tax Saver Fund?

    Both are ELSS funds, run by DSP Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 42.7%. DSP ELSS Tax Saver Fund charges 0.91% a year and Mirae Asset ELSS Tax Saver Fund 1.03%.

    Which has given higher returns, DSP ELSS Tax Saver Fund or Mirae Asset ELSS Tax Saver Fund?

    Over 1 year: DSP ELSS Tax Saver Fund −6.86%, Mirae Asset ELSS Tax Saver Fund −6.77%. Over 3 years: DSP ELSS Tax Saver Fund +13.04% a year, Mirae Asset ELSS Tax Saver Fund +11.76% a year. Over 5 years: DSP ELSS Tax Saver Fund +10.90% a year, Mirae Asset ELSS Tax Saver Fund +9.56% 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 ELSS Tax Saver Fund?

    DSP ELSS Tax Saver Fund charges less: 0.91% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do DSP ELSS Tax Saver Fund and Mirae Asset ELSS Tax Saver Fund overlap?

    42.7%. They hold 21 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, SBIN. From each fund's latest monthly portfolio.

    Which is riskier, DSP ELSS Tax Saver Fund or Mirae Asset ELSS Tax Saver Fund?

    On SEBI's riskometer, DSP ELSS Tax Saver Fund is rated Very High and Mirae Asset ELSS Tax Saver Fund Very High. Over 3 years, the standard deviation of daily returns was 13.97% and 13.96% a year.

    Which is better for SIP, DSP ELSS Tax Saver Fund or Mirae Asset ELSS Tax Saver Fund?

    Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,81,832 in DSP ELSS Tax Saver Fund (XIRR 9.7% a year) and ₹7,66,837 in Mirae Asset ELSS Tax Saver Fund (XIRR 8.9% a year). Both received 61 instalments. Past returns do not promise future returns.

    Can I invest in both DSP ELSS Tax Saver Fund and Mirae Asset ELSS Tax Saver Fund?

    Yes. 42.7% 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 ELSS Tax Saver Fund?

    DSP ELSS Tax Saver Fund: Rohit Singhania. Mirae Asset ELSS Tax Saver Fund: Neelesh Surana.

    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.

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