Mirae Asset BSE Sensex ETF vs Sundaram ELSS Tax Saver Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Mirae Asset BSE Sensex ETF is an ETF fund and Sundaram ELSS Tax Saver Fund is an ELSS fund. In the 3 years to 30-10-2026, Mirae Asset BSE Sensex ETF returned 6.2% a year and Sundaram ELSS Tax Saver Fund (Direct) returned 8.0% a year. Mirae Asset BSE Sensex ETF charges 0.12% a year and Sundaram ELSS Tax Saver Fund 1.78%. Their portfolios overlap 49.4%: they hold 17 of the same securities.
Mirae Asset BSE Sensex ETF
ETF
- 3 year return
- 6.2%
- Expense ratio
- 0.12%
- NAV
- ₹76.94
Sundaram ELSS Tax Saver Fund
ELSS
- 3 year return
- 8.0%
- Expense ratio
- 1.78%
- NAV
- ₹501.52
Which is better, Mirae Asset BSE Sensex ETF or Sundaram 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.
- Sundaram ELSS Tax Saver returned more over 3 years: 8.0% a year against 6.2%.
- Sundaram ELSS Tax Saver returned more over 1 year: −10.8% against −11.0%.
- Mirae Asset BSE Sensex ETF costs less: 0.12% a year against 1.78%.
- Sundaram ELSS Tax Saver swung less over 3 years: a standard deviation of 13.1% a year against 13.3%.
- Sundaram ELSS Tax Saver fell less in its worst fall since 03-10-2023: −15.9% against −16.1%.
- Mirae Asset BSE Sensex ETF holds more in large companies: 100.0% of the fund in large caps against 61.7%.
- Sundaram ELSS Tax Saver is the larger fund: ₹1,212 Cr against ₹42 Cr.
- Their portfolios overlap 49.4%: 17 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 | Mirae Asset BSE Sensex ETF | Sundaram ELSS Tax Saver Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Sundaram Mutual Fund |
| Category | ETF | ELSS |
| AUM | ₹42 Cr (30-09-2026) | ₹1,212 Cr (30-09-2026) |
| NAV | ₹76.94 | ₹501.52 (Direct) |
| Expense ratio (Direct) | Not available | 1.78% |
| Expense ratio (Regular) | Not available | 2.32% |
| Riskometer | Very High | Very High |
| Benchmark | BSE SENSEX TRI | Nifty 500 TRI |
| Launch date | 29-09-2023 | 02-01-2013 |
| Minimum investment | On exchange in multiple of 1 unit. With AMC: In multiples of 1,00,000 Units | New Investor – Rs.500/- |
| Lock in | None | 3 years |
| Fund managers | Ekta Gala, amp, Ritesh Patel | Bharath S, Rohit Seksaria, Shalav Saket |
| Exit load | NIL | Nil |
Mirae Asset BSE Sensex ETF vs Sundaram 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 |
|---|---|---|---|---|---|---|---|
| Mirae Asset BSE Sensex ETF | +2.77% | −4.29% | −2.43% | −10.98% | +6.23% | -- | -- |
| Sundaram ELSS Tax Saver Fund (Direct) | −1.26% | −6.55% | −5.54% | −10.84% | +7.98% | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | -- | -- |
Category average: the average of the 50 ELSS funds, same plan type.
Mirae Asset BSE Sensex ETF vs Sundaram ELSS Tax Saver: Year-wise Returns
| Year | Mirae Asset BSE Sensex ETFMirae Asset BSE Sensex ETF | Sundaram ELSS Tax SaverSundaram ELSS Tax Saver |
|---|---|---|
| 2026to date | −11.86% | −11.43% |
| 2025 | +10.30% | +8.29% |
| 2024 | +9.36% | +16.41% |
| 2023 | -- | +25.16% |
Mirae Asset BSE Sensex ETF vs Sundaram ELSS Tax Saver: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of Mirae Asset BSE Sensex ETF
Rolling returns
Every 1-year holding period, 513 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.
Mirae Asset BSE Sensex ETF
Sundaram ELSS Tax Saver Fund (Direct)
BSE SENSEX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | 1% |
| Sundaram ELSS Tax Saver | 24.3 | 23.3 | 28.2 | 11.0 | 3.3 | 3.9 | 6.1 | 6.5% | 5.4% | −12.1% | 32.9% | 78% |
| BSE SENSEX TRI | 31.4 | 17.5 | 28.8 | 12.5 | 2.3 | 4.5 | 2.9 | 4.7% | 5.3% | −12.6% | 27.6% | -- |
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 BSE SENSEX 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.
Mirae Asset BSE Sensex ETF vs Sundaram 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 03-10-2023 to 30-10-2026: 37 instalments, ₹3,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Mirae Asset BSE Sensex ETFMirae Asset BSE Sensex ETF | ₹3,70,000 | ₹3,63,913 | −₹6,087 | −1.0% |
| Sundaram ELSS Tax SaverSundaram ELSS Tax Saver Fund (Direct) | ₹3,70,000 | ₹3,65,591 | −₹4,409 | −0.8% |
Mirae Asset BSE Sensex ETFMirae Asset BSE Sensex ETF
Sundaram ELSS Tax SaverSundaram 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.
Mirae Asset BSE Sensex ETF vs Sundaram ELSS Tax Saver: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset BSE Sensex ETF | Sundaram ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.98% | −10.84% |
| Standard deviation | 13.99% | 14.33% |
| Sharpe ratio | -1.16 | -1.12 |
| Sortino ratio | -1.55 | -1.49 |
| Maximum drawdown | −16.1% (31-03-2026) | −15.3% (31-03-2026) |
| Beta | 1.00 | 0.98 |
| Alpha | −0.08% | −3.79% |
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 | Mirae Asset BSE Sensex ETF | Sundaram ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.23% | +7.98% |
| Standard deviation | 13.26% | 13.10% |
| Sharpe ratio | 0.02 | 0.15 |
| Sortino ratio | 0.02 | 0.20 |
| Maximum drawdown | −16.1% (31-03-2026) | −15.9% (28-02-2025) |
| Beta | 1.00 | 0.90 |
| Alpha | −0.09% | −1.81% |
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 | Mirae Asset BSE Sensex ETF | Sundaram ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.37% | +7.93% |
| Standard deviation | 13.21% | 13.41% |
| Sharpe ratio | -0.05 | 0.15 |
| Sortino ratio | -0.07 | 0.21 |
| Maximum drawdown | −16.1% (31-03-2026) | −16.7% (20-06-2022) |
| Beta | 1.00 | 0.92 |
| Alpha | −0.09% | −0.78% |
From daily NAVs, 03-10-2023 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.
Mirae Asset BSE Sensex ETF
Sundaram ELSS Tax Saver Fund (Direct)
BSE SENSEX TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset BSE Sensex ETF | −16.1% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.4% |
| Sundaram ELSS Tax Saver Fund (Direct) | −15.9% | 27-09-2024 | 28-02-2025 | 29-10-2025 | 8 months | −12.1% |
| BSE SENSEX TRI | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.4% |
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.
Mirae Asset BSE Sensex ETF
Sundaram ELSS Tax Saver Fund (Direct)
BSE SENSEX 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.
Mirae Asset BSE Sensex ETF
Sundaram ELSS Tax Saver Fund (Direct)
BSE SENSEX TRI
Against BSE SENSEX TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Mirae Asset BSE Sensex ETF | 100% | 100% | 0.03% |
| Sundaram ELSS Tax Saver Fund (Direct) | 100% | 89% | 4.79% |
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.
Mirae Asset BSE Sensex ETF vs Sundaram ELSS Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset BSE Sensex ETF, September 2026; Sundaram ELSS Tax Saver Fund, September 2026
Holdings in common
- Overlap
- 49.4%
- Held by both
- 17
- Only in Mirae Asset BSE Sensex ETF
- 13
- Only in Sundaram ELSS Tax Saver
- 37
| Security | % of Mirae Asset BSE Sensex ETF | % of Sundaram ELSS Tax Saver |
|---|---|---|
| ICICI Bank Ltd. | 11.03% | 6.44% |
| HDFC Bank Ltd. | 12.59% | 5.78% |
| Axis Bank Ltd. | 4.08% | 4.42% |
| Bharti Airtel Ltd. | 6.38% | 3.72% |
| State Bank of India | 4.64% | 3.58% |
| Larsen & Toubro Ltd. | 5.11% | 3.47% |
| Reliance Industries Ltd. | 9.16% | 3.39% |
| Kotak Mahindra Bank Ltd. | 3.57% | 3.27% |
| Infosys Ltd. | 4.08% | 2.86% |
| Mahindra & Mahindra Ltd. | 3.07% | 2.22% |
| Eternal Ltd. | 2.69% | 2.17% |
| NTPC Ltd. | 1.78% | 1.67% |
| Ultratech Cement Ltd. | 1.50% | 2.35% |
| ITC Ltd. | 2.96% | 1.37% |
| HCL Technologies Ltd. | 1.51% | 1.34% |
| Interglobe Aviation Ltd. | 1.30% | 1.40% |
| Tata Steel Ltd. | 1.77% | 1.22% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.4% means 49.4% 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 Mirae Asset BSE Sensex ETF
| Security | % of fund |
|---|---|
| Bajaj Finance Ltd. | 2.99% |
| Tata Consultancy Services Ltd. | 2.41% |
| Sun Pharmaceutical Industries Ltd. | 2.28% |
| Titan Company Ltd. | 2.18% |
| Hindustan Unilever Ltd. | 1.95% |
Largest holdings only in Sundaram ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Kirloskar Oil Engines Ltd | 3.73% |
| Force Motors Ltd | 1.97% |
| IndusInd Bank Ltd | 1.82% |
| Thermax Ltd | 1.70% |
| Zydus Lifesciences Ltd | 1.56% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset BSE Sensex ETF | Sundaram ELSS Tax Saver |
|---|---|---|
| Equity | 100.0% | 97.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | 2.2% |
Market cap of stocks
| Market cap | Mirae Asset BSE Sensex ETF | Sundaram ELSS Tax Saver |
|---|---|---|
| Large Cap | 100.0% | 61.7% |
| Mid Cap | 0.0% | 15.5% |
| Small Cap | 0.0% | 20.6% |
| Not on AMFI's list | 0.0% | 0.1% |
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 | Mirae Asset BSE Sensex ETF | Sundaram ELSS Tax Saver |
|---|---|---|
| Banks | 35.9% | 27.3% |
| Petroleum Products | 9.2% | 3.4% |
| IT - Software | 9.2% | 0.0% |
| Telecom - Services | 6.4% | 3.7% |
| Automobiles | 4.9% | 5.7% |
| Industrial Products | 0.0% | 5.2% |
| Construction | 5.1% | 4.5% |
| It - Software | 0.0% | 5.0% |
| Diversified FMCG | 4.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset BSE Sensex ETF vs Sundaram ELSS Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset BSE Sensex ETF | Sundaram ELSS Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.78% |
| Base expense ratio (Direct) | 0.00% | 1.41% |
| Total expense ratio (Regular) | Not available | 2.32% |
| Base expense ratio (Regular) | 0.05% | 1.88% |
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 Sundaram ELSS Tax Saver with
Mirae Asset BSE Sensex ETF vs Sundaram ELSS Tax Saver Fund: Frequently Asked Questions
What is the difference between Mirae Asset BSE Sensex ETF and Sundaram ELSS Tax Saver Fund?
Mirae Asset BSE Sensex ETF is an ETF fund, Sundaram ELSS Tax Saver Fund is an ELSS fund, run by Mirae Asset Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 49.4%. Mirae Asset BSE Sensex ETF charges 0.12% a year and Sundaram ELSS Tax Saver Fund 1.78%.
Which has given higher returns, Mirae Asset BSE Sensex ETF or Sundaram ELSS Tax Saver Fund?
Over 1 year: Mirae Asset BSE Sensex ETF −10.98%, Sundaram ELSS Tax Saver Fund −10.84%. Over 3 years: Mirae Asset BSE Sensex ETF +6.23% a year, Sundaram ELSS Tax Saver Fund +7.98% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Mirae Asset BSE Sensex ETF or Sundaram ELSS Tax Saver Fund?
Mirae Asset BSE Sensex ETF charges less: 0.12% a year against 1.78%. These are the total expense ratios reported to AMFI.
How much do Mirae Asset BSE Sensex ETF and Sundaram ELSS Tax Saver Fund overlap?
49.4%. They hold 17 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, Mirae Asset BSE Sensex ETF or Sundaram ELSS Tax Saver Fund?
On SEBI's riskometer, Mirae Asset BSE Sensex ETF is rated Very High and Sundaram ELSS Tax Saver Fund Very High. Over 3 years, the standard deviation of daily returns was 13.26% and 13.10% a year.
Which is better for SIP, Mirae Asset BSE Sensex ETF or Sundaram ELSS Tax Saver Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,63,913 in Mirae Asset BSE Sensex ETF (XIRR -1.0% a year) and ₹3,65,591 in Sundaram ELSS Tax Saver Fund (XIRR -0.8% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Mirae Asset BSE Sensex ETF and Sundaram ELSS Tax Saver Fund?
Yes. 49.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Mirae Asset BSE Sensex ETF and Sundaram ELSS Tax Saver Fund?
Mirae Asset BSE Sensex ETF: Ekta Gala, amp, Ritesh Patel. Sundaram ELSS Tax Saver Fund: Bharath S, Rohit Seksaria, Shalav Saket.
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.