LIC MF Nifty 100 ETF vs Mirae Asset ELSS Tax Saver Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
LIC MF Nifty 100 ETF is an ETF fund and Mirae Asset ELSS Tax Saver Fund is an ELSS fund. In the 3 years to 30-10-2026, LIC MF Nifty 100 ETF returned 8.8% a year and Mirae Asset ELSS Tax Saver Fund (Direct) returned 11.8% a year. LIC MF Nifty 100 ETF charges 0.30% a year and Mirae Asset ELSS Tax Saver Fund 1.03%. Their portfolios overlap 46.8%: they hold 31 of the same securities.
Mirae Asset ELSS Tax Saver Fund
ELSS
- 3 year return
- 11.8%
- Expense ratio
- 1.03%
- NAV
- ₹53.98
Which is better, LIC MF Nifty 100 ETF 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.
- Mirae Asset ELSS Tax Saver returned more over 5 years: 9.6% a year against 6.9%.
- Mirae Asset ELSS Tax Saver returned more over 3 years: 11.8% a year against 8.8%.
- LIC MF Nifty 100 ETF costs less: 0.30% a year against 1.03%.
- LIC MF Nifty 100 ETF swung less over 3 years: a standard deviation of 13.7% a year against 14.0%.
- Mirae Asset ELSS Tax Saver fell less in its worst fall since 18-03-2016: −37.8% against −38.0%.
- LIC MF Nifty 100 ETF holds more in large companies: 97.6% of the fund in large caps against 57.7%.
- Mirae Asset ELSS Tax Saver is the larger fund: ₹24,625 Cr against ₹698 Cr.
- Their portfolios overlap 46.8%: 31 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 | LIC MF Nifty 100 ETF | Mirae Asset ELSS Tax Saver Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | Mirae Asset Mutual Fund |
| Category | ETF | ELSS |
| AUM | ₹698 Cr (30-09-2026) | ₹24,625 Cr (30-09-2026) |
| NAV | ₹263.09 | ₹53.98 (Direct) |
| Expense ratio (Direct) | Not available | 1.03% |
| Expense ratio (Regular) | Not available | 1.96% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | Nifty 500 TRI |
| Launch date | 17-03-2016 | 28-12-2015 |
| Minimum investment | For Subscription of units directly with Mutual Fund: All direct transactions in units of the Scheme by MMs/APs or other eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio. Any | ₹500 |
| Lock in | None | 3 years |
| Fund managers | Nikhil Kapoor, Sasikant Aravamuthan | Neelesh Surana |
| Exit load | Nil | NIL |
LIC MF Nifty 100 ETF 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.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| LIC MF Nifty 100 ETF | +1.02% | −5.36% | −3.05% | −8.92% | +8.77% | +6.92% | +11.38% |
| 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.
LIC MF Nifty 100 ETF vs Mirae Asset ELSS Tax Saver: Year-wise Returns
| Year | LIC MF Nifty 100 ETFLIC MF Nifty 100 ETF | Mirae Asset ELSS Tax SaverMirae Asset ELSS Tax Saver |
|---|---|---|
| 2026to date | −9.51% | −7.15% |
| 2025 | +9.95% | +10.72% |
| 2024 | +12.58% | +18.39% |
| 2023 | +20.76% | +28.35% |
| 2022 | +4.76% | +1.34% |
| 2021 | +25.98% | +37.15% |
LIC MF Nifty 100 ETF vs Mirae Asset ELSS Tax Saver: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of LIC MF Nifty 100 ETF
Rolling returns
Every 3-year holding period, 1,878 of them, one for each trading day from 18-03-2019 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.
LIC MF Nifty 100 ETF
Mirae Asset ELSS Tax Saver Fund (Direct)
Nifty 100 TRI
to
Oct 2019Feb 2018
to
Feb 2021May 2019
to
May 2022Sept 2020
to
Sept 2023Dec 2021
to
Dec 2024Mar 2023
to
Mar 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LIC MF Nifty 100 ETF | 1.6 | 5.6 | 10.5 | 42.9 | 31.5 | 6.4 | 1.5 | 13.7% | 14.1% | −5.3% | 31.0% | 0% |
| Mirae Asset ELSS Tax Saver | 0.1 | 3.1 | 5.5 | 14.1 | 40.2 | 25.9 | 11.1 | 18.4% | 18.8% | −1.4% | 36.7% | 100% |
| Nifty 100 TRI | 1.3 | 5.3 | 9.4 | 40.5 | 34.7 | 6.9 | 1.9 | 14.0% | 14.4% | −5.0% | 31.4% | -- |
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 100 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 18-03-2016. Past returns do not promise future returns.
LIC MF Nifty 100 ETF 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
₹10,000 on the first trading day of every month, from 18-03-2016 to 30-10-2026: 128 instalments, ₹12,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| LIC MF Nifty 100 ETFLIC MF Nifty 100 ETF | ₹12,80,000 | ₹23,04,172 | ₹10,24,172 | 10.6% |
| Mirae Asset ELSS Tax SaverMirae Asset ELSS Tax Saver Fund (Direct) | ₹12,80,000 | ₹29,54,860 | ₹16,74,860 | 14.9% |
LIC MF Nifty 100 ETFLIC MF Nifty 100 ETF
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.
LIC MF Nifty 100 ETF 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
| Measure | LIC MF Nifty 100 ETF | Mirae Asset ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.92% | −6.77% |
| Standard deviation | 14.02% | 14.53% |
| Sharpe ratio | -1.01 | -0.83 |
| Sortino ratio | -1.34 | -1.10 |
| Maximum drawdown | −14.9% (31-03-2026) | −15.1% (31-03-2026) |
| Beta | 1.00 | 0.99 |
| Alpha | −0.26% | +0.44% |
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 | LIC MF Nifty 100 ETF | Mirae Asset ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.77% | +11.76% |
| Standard deviation | 13.69% | 13.96% |
| Sharpe ratio | 0.20 | 0.41 |
| Sortino ratio | 0.28 | 0.56 |
| Maximum drawdown | −17.3% (28-02-2025) | −17.1% (28-02-2025) |
| Beta | 1.00 | 0.96 |
| Alpha | −0.31% | +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.
| Measure | LIC MF Nifty 100 ETF | Mirae Asset ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.92% | +9.56% |
| Standard deviation | 13.98% | 13.95% |
| Sharpe ratio | 0.08 | 0.27 |
| Sortino ratio | 0.11 | 0.36 |
| Maximum drawdown | −17.3% (28-02-2025) | −17.7% (20-06-2022) |
| Beta | 1.00 | 0.96 |
| Alpha | −0.30% | +0.88% |
From daily NAVs, 29-10-2021 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 | LIC MF Nifty 100 ETF | Mirae Asset ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.32% | +16.80% |
| Standard deviation | 15.80% | 16.04% |
| Sharpe ratio | 0.43 | 0.71 |
| Sortino ratio | 0.59 | 0.95 |
| Maximum drawdown | −38.0% (23-03-2020) | −37.8% (23-03-2020) |
| Beta | 1.00 | 0.99 |
| Alpha | −0.32% | +4.11% |
From daily NAVs, 18-03-2016 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.
LIC MF Nifty 100 ETF
Mirae Asset ELSS Tax Saver Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF Nifty 100 ETF | −38.0% | 17-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −10.5% |
| Mirae Asset ELSS Tax Saver Fund (Direct) | −37.8% | 16-01-2020 | 23-03-2020 | 06-10-2020 | 6 months | −8.2% |
| Nifty 100 TRI | −37.9% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.1% |
From daily values since 18-03-2016, 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.
LIC MF Nifty 100 ETF
Mirae Asset ELSS Tax Saver Fund (Direct)
Nifty 100 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.
LIC MF Nifty 100 ETF
Mirae Asset ELSS Tax Saver Fund (Direct)
Nifty 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
LIC MF Nifty 100 ETF
Mirae Asset ELSS Tax Saver Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| LIC MF Nifty 100 ETF | 99% | 101% | 0.08% |
| Mirae Asset ELSS Tax Saver Fund (Direct) | 110% | 89% | 4.20% |
From month-end values since 18-03-2016. 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.
LIC MF Nifty 100 ETF vs Mirae Asset ELSS Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Nifty 100 ETF, September 2026; Mirae Asset ELSS Tax Saver Fund, September 2026
Holdings in common
- Overlap
- 46.8%
- Held by both
- 31
- Only in LIC MF Nifty 100 ETF
- 69
- Only in Mirae Asset ELSS Tax Saver
- 38
| Security | % of LIC MF Nifty 100 ETF | % of Mirae Asset ELSS Tax Saver |
|---|---|---|
| HDFC Bank Ltd. | 8.34% | 8.77% |
| ICICI Bank Ltd. | 7.28% | 5.19% |
| Reliance Industries Ltd. | 6.09% | 4.34% |
| Bharti Airtel Ltd. | 4.10% | 3.60% |
| State Bank of India | 3.05% | 4.09% |
| Axis Bank Ltd. | 2.71% | 3.66% |
| Infosys Ltd. | 2.70% | 1.96% |
| ITC Ltd. | 1.94% | 1.65% |
| Mahindra & Mahindra Ltd. | 2.02% | 1.55% |
| Sun Pharmaceutical Industries Ltd. | 1.48% | 2.34% |
| Larsen & Toubro Ltd. | 3.38% | 1.34% |
| Maruti Suzuki India Ltd. | 1.20% | 1.74% |
| Tata Consultancy Services Ltd. | 1.60% | 1.10% |
| Vedanta Aluminium Metal Ltd. | 1.10% | 1.22% |
| Hindalco Industries Ltd. | 1.04% | 2.40% |
| Divi's Laboratories Ltd. | 0.92% | 1.48% |
| InterGlobe Aviation Ltd. | 0.89% | 1.79% |
| Eternal Ltd. | 1.78% | 0.67% |
| Apollo Hospitals Enterprise Ltd. | 0.66% | 0.96% |
| Kotak Mahindra Bank Ltd. | 2.36% | 0.59% |
| SBI Life Insurance Company Ltd. | 0.59% | 1.95% |
| Tata Steel Ltd. | 1.18% | 0.56% |
| Oil & Natural Gas Corporation Ltd. | 0.68% | 0.52% |
| Bharat Petroleum Corporation Ltd. | 0.48% | 0.70% |
| Tata Power Company Ltd. | 0.47% | 1.34% |
| Godrej Consumer Products Ltd. | 0.27% | 0.90% |
| Tata Motors Passenger Vehicles Ltd. | 0.46% | 0.23% |
| Ambuja Cements Ltd. | 0.19% | 0.94% |
| Grasim Industries Ltd. | 0.90% | 0.06% |
| Power Finance Corporation Ltd. | 0.37% | 0.03% |
| Titan Company Ltd. | 1.46% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 46.8% means 46.8% 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 LIC MF Nifty 100 ETF
| Security | % of fund |
|---|---|
| Bajaj Finance Ltd. | 2.02% |
| Hindustan Unilever Ltd. | 1.28% |
| NTPC Ltd. | 1.17% |
| Shriram Finance Ltd. | 1.07% |
| Bharat Electronics Ltd. | 1.06% |
Largest holdings only in Mirae Asset ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Laurus Labs Ltd. | 4.55% |
| Delhivery Ltd. | 2.41% |
| Crompton Greaves Consumer Electricals Ltd. | 2.02% |
| Steel Authority of India Ltd. | 1.84% |
| Equitas Small Finance Bank Ltd. | 1.76% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Nifty 100 ETF | Mirae Asset ELSS Tax Saver |
|---|---|---|
| Equity | 99.7% | 99.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.3% | 1.0% |
Market cap of stocks
| Market cap | LIC MF Nifty 100 ETF | Mirae Asset ELSS Tax Saver |
|---|---|---|
| Large Cap | 97.6% | 57.7% |
| Mid Cap | 2.0% | 20.9% |
| Small Cap | 0.0% | 18.9% |
| Not on AMFI's list | 0.0% | 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
| Sector | LIC MF Nifty 100 ETF | Mirae Asset ELSS Tax Saver |
|---|---|---|
| Banks | 24.9% | 25.6% |
| Pharmaceuticals & Biotechnology | 4.4% | 8.9% |
| Petroleum Products | 7.0% | 5.0% |
| IT - Software | 6.7% | 3.1% |
| Automobiles | 6.3% | 5.5% |
| Finance | 6.2% | 0.0% |
| Telecom - Services | 4.3% | 5.1% |
| Retailing | 2.9% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF Nifty 100 ETF vs Mirae Asset ELSS Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Nifty 100 ETF | Mirae Asset ELSS Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.03% |
| Base expense ratio (Direct) | 0.00% | 0.60% |
| Total expense ratio (Regular) | Not available | 1.96% |
| Base expense ratio (Regular) | 0.24% | 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
Compare Mirae Asset ELSS Tax Saver with
LIC MF Nifty 100 ETF vs Mirae Asset ELSS Tax Saver Fund: Frequently Asked Questions
What is the difference between LIC MF Nifty 100 ETF and Mirae Asset ELSS Tax Saver Fund?
LIC MF Nifty 100 ETF is an ETF fund, Mirae Asset ELSS Tax Saver Fund is an ELSS fund, run by LIC Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 46.8%. LIC MF Nifty 100 ETF charges 0.30% a year and Mirae Asset ELSS Tax Saver Fund 1.03%.
Which has given higher returns, LIC MF Nifty 100 ETF or Mirae Asset ELSS Tax Saver Fund?
Over 1 year: LIC MF Nifty 100 ETF −8.92%, Mirae Asset ELSS Tax Saver Fund −6.77%. Over 3 years: LIC MF Nifty 100 ETF +8.77% a year, Mirae Asset ELSS Tax Saver Fund +11.76% a year. Over 5 years: LIC MF Nifty 100 ETF +6.92% 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, LIC MF Nifty 100 ETF or Mirae Asset ELSS Tax Saver Fund?
LIC MF Nifty 100 ETF charges less: 0.30% a year against 1.03%. These are the total expense ratios reported to AMFI.
How much do LIC MF Nifty 100 ETF and Mirae Asset ELSS Tax Saver Fund overlap?
46.8%. They hold 31 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Nifty 100 ETF or Mirae Asset ELSS Tax Saver Fund?
On SEBI's riskometer, LIC MF Nifty 100 ETF is rated Very High and Mirae Asset ELSS Tax Saver Fund Very High. Over 3 years, the standard deviation of daily returns was 13.69% and 13.96% a year.
Which is better for SIP, LIC MF Nifty 100 ETF 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 ₹7,05,460 in LIC MF Nifty 100 ETF (XIRR 5.7% 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 LIC MF Nifty 100 ETF and Mirae Asset ELSS Tax Saver Fund?
Yes. 46.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages LIC MF Nifty 100 ETF and Mirae Asset ELSS Tax Saver Fund?
LIC MF Nifty 100 ETF: Nikhil Kapoor, Sasikant Aravamuthan. 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.