Axis ELSS Tax Saver Fund vs Mirae Asset ELSS Tax Saver Fund
Updated June 2026 · both ELSS funds · metrics from AMFI NAVs
In short: Mirae Asset ELSS Tax Saver Fund has the higher 3-year return (+14.49%); Mirae Asset ELSS Tax Saver Fund has the lower expense ratio (0.90%); Mirae Asset ELSS Tax Saver Fund has the better risk-adjusted return (Sharpe 0.54). This is analysis from past data, not a recommendation.
| Metric | Axis ELSS Tax Saver Fund | Mirae Asset ELSS Tax Saver Fund |
|---|---|---|
| 1Y return | -5.42% | -1.55% |
| 3Y CAGR | +10.18% | +14.49% |
| 5Y CAGR | +7.32% | +12.46% |
| Sharpe ratio | 0.19 | 0.54 |
| Max drawdown | -28.0% | -17.9% |
| Volatility | 15.6% | 14.3% |
| Alpha | -1.67% | +1.38% |
| Expense ratio (Direct) | 1.09% | 0.90% |
| AUM | ₹32.6K Cr | ₹25.8K Cr |
Winner on each row highlighted (lower is better for expense ratio and volatility; max drawdown closer to zero is better). Computed from AMFI NAVs - see methodology. No paid placement.
FAQ
Which has the lower expense ratio?
Mirae Asset ELSS Tax Saver Fund has the lower Direct-plan expense ratio (0.90%), versus 1.09% for the other. Over long horizons a lower TER compounds into a meaningful difference.
Which has performed better over 3 years?
Mirae Asset ELSS Tax Saver Fund has the higher 3-year CAGR (+14.49%). Past performance does not predict future returns - check volatility and drawdown too, shown above.
How are these figures calculated?
All returns, risk metrics and alpha are computed independently from AMFI daily NAVs using a disclosed methodology. FindMF takes no commission and this comparison is not a recommendation.