Two of the largest ELSS (Tax Saver) funds side by side: returns, risk, cost, size and what they hold. Prices as of 3 Nov 2026.
Past returns do not tell you future returns.
| Mirae Asset ELSS Tax Saver Fund Mirae Asset | Nippon India ELSS Tax Saver Fund Nippon India | |
|---|---|---|
| Returns | ||
| 1 year | -5.3% | -3.4% |
| 3 years, a year | +11.4% | +11.8% |
| 5 years, a year | +8.6% | +10.1% |
| Since launch, a year | +15.6% | +11.5% |
| 3-year rank in category | 13 of 37 | 11 of 37 |
| Benchmark, 3 years | +10.9% | +10.9% |
| Risk | ||
| Risk level | Very High | Very High |
| How bumpy, last year | 14.7% | 14.1% |
| Biggest fall, 3 years | -17.5% | -20.3% |
| Sharpe ratio, 3 years | 0.39 | 0.40 |
| Beta | 0.96 | 0.98 |
| Alpha, a year | +0.8% | +1.0% |
| Cost and size | ||
| Yearly cost (expense ratio) | 1.95% | 1.79% |
| Money in the fund | ₹24,610 cr | ₹14,092 cr |
| Running for | 10.9 years | 21.1 years |
| Minimum SIP | — | ₹500 |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
Past returns do not indicate future returns. Each fund page has the full detail.
The five largest holdings of each, from the latest monthly portfolios
Overlap is the part of the two portfolios that is the same, by weight: 100% would be identical.
What they share, by industry and sector
| Holding | Mirae Asset | Nippon India |
|---|---|---|
| HDFC Bank Ltd. | 8.8% | 7.9% |
| ICICI Bank Ltd. | 5.2% | 7.0% |
| Axis Bank Ltd. | 3.7% | 4.1% |
| State Bank of India | 4.1% | 3.3% |
| Bharti Airtel Ltd. | 3.6% | 2.9% |
| Reliance Industries Ltd. | 4.3% | 2.8% |
| Infosys Ltd. | 2.0% | 2.3% |
| Mahindra & Mahindra Ltd. | 1.6% | 1.7% |
| Divi's Laboratories Ltd. | 1.5% | 2.4% |
| Tata Power Company Ltd. | 1.3% | 1.4% |
Both are ELSS (Tax Saver) funds, from Mirae Asset and Nippon India. Mirae Asset ELSS Tax Saver Fund manages ₹24,610 cr and Nippon India ELSS Tax Saver Fund ₹14,092 cr. The table on this page sets out their returns, risk, costs and holdings side by side.
Nippon India ELSS Tax Saver Fund, at 1.79% a year, against 1.95% for Mirae Asset ELSS Tax Saver Fund.
Over three years, Mirae Asset ELSS Tax Saver Fund returned +11.4% a year and Nippon India ELSS Tax Saver Fund +11.8% a year. Over one year they returned -5.3% and -3.4%. Past returns do not indicate future returns.
They hold 37.8% of the same investments, 65.7% of the same industries and 77.5% of the same sectors, by weight, in their latest monthly portfolios.
To set a third or fourth fund alongside, open these two in Compare and add more.