Mirae Asset ELSS Tax Saver Fund vs DSP ELSS Tax Saver Fund
Updated June 2026 · both ELSS funds · metrics from AMFI NAVs
In short: DSP ELSS Tax Saver Fund has the higher 3-year return (+16.58%); Mirae Asset ELSS Tax Saver Fund has the lower expense ratio (0.90%); DSP ELSS Tax Saver Fund has the better risk-adjusted return (Sharpe 0.61). This is analysis from past data, not a recommendation.
| Metric | Mirae Asset ELSS Tax Saver Fund | DSP ELSS Tax Saver Fund |
|---|---|---|
| 1Y return | -1.55% | -4.56% |
| 3Y CAGR | +14.49% | +16.58% |
| 5Y CAGR | +12.46% | +13.79% |
| Sharpe ratio | 0.54 | 0.61 |
| Max drawdown | -17.9% | -17.1% |
| Volatility | 14.3% | 14.6% |
| Alpha | +1.38% | +2.96% |
| Expense ratio (Direct) | 0.90% | 1.19% |
| AUM | ₹25.8K Cr | ₹16.9K 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 1.19% for the other. Over long horizons a lower TER compounds into a meaningful difference.
Which has performed better over 3 years?
DSP ELSS Tax Saver Fund has the higher 3-year CAGR (+16.58%). 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.