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    Mirae Asset ELSS Tax Saver Fund vs Mirae Asset Large & Midcap Fund

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

    Mirae Asset ELSS Tax Saver Fund is an ELSS fund and Mirae Asset Large & Midcap Fund is a Large & Mid Cap fund. In the 3 years to 30-10-2026, Mirae Asset ELSS Tax Saver Fund (Direct) returned 11.8% a year and Mirae Asset Large & Midcap Fund (Direct) returned 11.4% a year. Mirae Asset ELSS Tax Saver Fund charges 1.03% a year and Mirae Asset Large & Midcap Fund 0.87% (Direct plans). Their portfolios overlap 73.7%: they hold 58 of the same securities.

    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

    Mirae Asset Large & Midcap Fund

    Large & Mid Cap

    3 year return
    11.4%
    Expense ratio
    0.87%
    NAV
    ₹166.95
    See Mirae Asset Large & Midcap Fund

    Which is better, Mirae Asset ELSS Tax Saver or Mirae Asset Large & Midcap? 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 9.3%.
    • Mirae Asset ELSS Tax Saver returned more over 3 years: 11.8% a year against 11.4%.
    • Mirae Asset Large & Midcap costs less: 0.87% 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 14.5%.
    • Mirae Asset Large & Midcap fell less in its worst fall since 29-12-2015: −36.9% against −37.8%.
    • Mirae Asset Large & Midcap is the larger fund: ₹42,834 Cr against ₹24,625 Cr.
    • Their portfolios overlap 73.7%: 58 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

    FactMirae Asset ELSS Tax Saver FundMirae Asset Large & Midcap Fund
    Fund houseMirae Asset Mutual FundMirae Asset Mutual Fund
    CategoryELSSLarge & Mid Cap
    AUM₹24,625 Cr (30-09-2026)₹42,834 Cr (30-09-2026)
    NAV₹53.98 (Direct)₹166.95 (Direct)
    Expense ratio (Direct)1.03%0.87%
    Expense ratio (Regular)1.96%1.77%
    RiskometerVery HighVery High
    BenchmarkNifty 500 TRINifty LargeMidcap 250 TRI
    Launch date28-12-201509-07-2010
    Minimum investment₹500Lumpsum purchase not allowed
    Lock in3 yearsNone
    Fund managersNeelesh SuranaNeelesh Surana, Ankit Jain
    Exit loadNILExit load of 1% if redeemed within 1 year

    Mirae Asset ELSS Tax Saver vs Mirae Asset Large & Midcap: Returns Comparison

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

    Fund1M3M6M1Y3Y5Y10Y
    Mirae Asset ELSS Tax Saver Fund (Direct)−1.03%−6.68%−1.57%−6.77%+11.76%+9.56%+15.65%
    Mirae Asset Large & Midcap Fund (Direct)−1.38%−6.98%−1.65%−5.82%+11.37%+9.30%+15.19%
    ELSS average−2.34%−5.61%−1.63%−5.75%+10.92%+10.29%+13.05%
    Large & Mid Cap average−1.78%−5.20%−0.43%−3.99%+13.28%+11.36%+13.62%

    Category average: the average of the 50 ELSS funds and the 36 Large & Mid Cap funds, same plan type.

    Mirae Asset ELSS Tax Saver vs Mirae Asset Large & Midcap: Year-wise Returns

    YearELSS Tax SaverMirae Asset ELSS Tax SaverLarge & MidcapMirae Asset Large & Midcap
    2026to date−7.15%−6.48%
    2025+10.72%+10.22%
    2024+18.39%+16.65%
    2023+28.35%+30.59%
    2022+1.34%−0.47%
    2021+37.15%+40.57%

    Mirae Asset ELSS Tax Saver vs Mirae Asset Large & Midcap: Rolling Returns

    Every holding period of both funds, against Nifty 500 TRI, the benchmark of Mirae Asset ELSS Tax Saver Fund

    Rolling returns

    Every 3-year holding period, 1,931 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
    Mirae Asset ELSS Tax Saver Fund (Direct)Mirae Asset Large & Midcap 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
    Mirae Asset ELSS Tax Saver0.13.05.313.739.427.710.818.5%18.9%−1.4%36.7%89%
    Mirae Asset Large & Midcap0.33.25.915.937.423.813.518.3%18.6%−2.3%35.9%85%
    Nifty 500 TRI2.66.07.927.438.413.74.015.1%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.

    Mirae Asset ELSS Tax Saver vs Mirae Asset Large & Midcap: 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 29-12-2015 to 30-10-2026: 131 instalments, ₹13,10,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Mirae Asset ELSS Tax SaverMirae Asset ELSS Tax Saver Fund (Direct) ₹13,10,000 ₹31,18,379 ₹18,08,379 15.1%
    Mirae Asset Large & MidcapMirae Asset Large & Midcap Fund (Direct) ₹13,10,000 ₹30,93,418 ₹17,83,418 14.9%
    ₹0₹10.0 L₹20.0 L₹30.0 L₹40.0 L
    201620182020202220242026
    Mirae Asset ELSS Tax SaverMirae Asset ELSS Tax Saver Fund (Direct)Mirae Asset Large & MidcapMirae Asset Large & Midcap 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 ELSS Tax Saver vs Mirae Asset Large & Midcap: Risk and Drawdowns

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

    Risk and return

    MeasureMirae Asset ELSS Tax Saver Fund (Direct)Mirae Asset Large & Midcap Fund (Direct)
    Return (CAGR)+11.76%+11.37%
    Standard deviation13.96%14.54%
    Sharpe ratio0.410.37
    Sortino ratio0.560.49
    Maximum drawdown−17.1% (28-02-2025)−19.5% (28-02-2025)
    Beta0.960.96
    Alpha+1.70%+0.04%

    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
    Mirae Asset ELSS Tax Saver Fund (Direct)Mirae Asset Large & Midcap Fund (Direct)Nifty 500 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Mirae Asset ELSS Tax Saver Fund (Direct)−37.8%16-01-202023-03-202006-10-20206 months−8.2%
    Mirae Asset Large & Midcap Fund (Direct)−36.9%16-01-202023-03-202028-08-20205 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
    Mirae Asset ELSS Tax Saver Fund (Direct)Mirae Asset Large & Midcap Fund (Direct)Nifty 500 TRI

    Against Nifty 500 TRI

    FundUp captureDown captureTracking error
    Mirae Asset ELSS Tax Saver Fund (Direct)107%90%2.85%
    Mirae Asset Large & Midcap Fund (Direct)107%94%3.90%

    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.

    Mirae Asset ELSS Tax Saver vs Mirae Asset Large & Midcap: Portfolio Overlap

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

    Holdings in common

    Overlap
    73.7%
    Held by both
    58
    Only in Mirae Asset ELSS Tax Saver
    11
    Only in Mirae Asset Large & Midcap
    26
    Security% of Mirae Asset ELSS Tax Saver% of Mirae Asset Large & Midcap
    HDFC Bank Ltd.8.77%6.40%
    Laurus Labs Ltd.4.55%4.10%
    ICICI Bank Ltd.5.19%3.93%
    Axis Bank Ltd.3.66%3.46%
    State Bank of India4.09%2.98%
    Reliance Industries Ltd.4.34%2.92%
    Bharti Airtel Ltd.3.60%2.81%
    Delhivery Ltd.2.41%1.98%
    Hindalco Industries Ltd.2.40%1.97%
    SBI Life Insurance Co. Ltd.1.95%2.03%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 73.7% means 73.7% 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 Mirae Asset ELSS Tax Saver Fund

    Security% of fund
    Equitas Small Finance Bank Ltd.1.76%
    Canara HSBC Life Insurance Co.Ltd.1.33%
    Ambuja Cements Ltd.0.94%
    Timken India Ltd.0.92%
    Greenply Industries Ltd.0.91%

    Largest holdings only in Mirae Asset Large & Midcap Fund

    Security% of fund
    HDB Financial Services Ltd.1.96%
    Lupin Ltd.1.87%
    Dalmia Bharat Ltd.1.81%
    Persistent Systems Ltd.1.41%
    Dixon Technologies (India) Ltd.1.19%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetMirae Asset ELSS Tax SaverMirae Asset Large & Midcap
    Equity99.0%98.6%
    Debt0.0%0.0%
    Cash and others1.0%1.4%

    Market cap of stocks

    Market capMirae Asset ELSS Tax SaverMirae Asset Large & Midcap
    Large Cap57.7%49.4%
    Mid Cap20.9%37.2%
    Small Cap18.9%11.3%
    Not on AMFI's list1.5%0.8%

    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

    SectorMirae Asset ELSS Tax SaverMirae Asset Large & Midcap
    Banks25.6%19.4%
    Pharmaceuticals & Biotechnology8.9%9.9%
    Automobiles5.5%4.8%
    Telecom - Services5.1%4.5%
    Petroleum Products5.0%3.4%
    Retailing4.9%4.5%
    Transport Services4.4%4.6%

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

    Mirae Asset ELSS Tax Saver vs Mirae Asset Large & Midcap: Expense Ratio

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

    ChargeMirae Asset ELSS Tax Saver FundMirae Asset Large & Midcap Fund
    Total expense ratio (Direct)1.03%0.87%
    Base expense ratio (Direct)0.60%0.52%
    Total expense ratio (Regular)1.96%1.77%
    Base expense ratio (Regular)1.39%1.29%

    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

    Mirae Asset ELSS Tax Saver Fund vs Mirae Asset Large & Midcap Fund: Frequently Asked Questions

    What is the difference between Mirae Asset ELSS Tax Saver Fund and Mirae Asset Large & Midcap Fund?

    Mirae Asset ELSS Tax Saver Fund is an ELSS fund, Mirae Asset Large & Midcap Fund is a Large & Mid Cap fund, run by Mirae Asset Mutual Fund. Their portfolios overlap 73.7%. Mirae Asset ELSS Tax Saver Fund charges 1.03% a year and Mirae Asset Large & Midcap Fund 0.87%.

    Which has given higher returns, Mirae Asset ELSS Tax Saver Fund or Mirae Asset Large & Midcap Fund?

    Over 1 year: Mirae Asset ELSS Tax Saver Fund −6.77%, Mirae Asset Large & Midcap Fund −5.82%. Over 3 years: Mirae Asset ELSS Tax Saver Fund +11.76% a year, Mirae Asset Large & Midcap Fund +11.37% a year. Over 5 years: Mirae Asset ELSS Tax Saver Fund +9.56% a year, Mirae Asset Large & Midcap Fund +9.30% a year. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, Mirae Asset ELSS Tax Saver Fund or Mirae Asset Large & Midcap Fund?

    Mirae Asset Large & Midcap Fund charges less: 0.87% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do Mirae Asset ELSS Tax Saver Fund and Mirae Asset Large & Midcap Fund overlap?

    73.7%. They hold 58 of the same securities, the largest shared ones being HDFCBANK, LAURUSLABS, ICICIBANK. From each fund's latest monthly portfolio.

    Which is riskier, Mirae Asset ELSS Tax Saver Fund or Mirae Asset Large & Midcap Fund?

    On SEBI's riskometer, Mirae Asset ELSS Tax Saver Fund is rated Very High and Mirae Asset Large & Midcap Fund Very High. Over 3 years, the standard deviation of daily returns was 13.96% and 14.54% a year.

    Which is better for SIP, Mirae Asset ELSS Tax Saver Fund or Mirae Asset Large & Midcap Fund?

    Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,66,837 in Mirae Asset ELSS Tax Saver Fund (XIRR 8.9% a year) and ₹7,66,267 in Mirae Asset Large & Midcap Fund (XIRR 8.9% a year). Both received 61 instalments. Past returns do not promise future returns.

    Can I invest in both Mirae Asset ELSS Tax Saver Fund and Mirae Asset Large & Midcap Fund?

    Yes. 73.7% 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 ELSS Tax Saver Fund and Mirae Asset Large & Midcap Fund?

    Mirae Asset ELSS Tax Saver Fund: Neelesh Surana. Mirae Asset Large & Midcap Fund: Neelesh Surana, Ankit Jain.

    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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