JM ELSS - Tax Saver Fund vs Mirae Asset ELSS Tax Saver Fund
JM ELSS - Tax Saver Fund and Mirae Asset ELSS Tax Saver Fund are both ELSS (Tax Saving) funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +16.65% vs +13.59%, 5-year CAGR +12.92% vs +10.63%, volatility 16.78% vs 15.88%, maximum drawdown −37.39% vs −37.81%. Their portfolios overlap by 20.7% (12 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| JM ELSS - Tax Saver | Mirae Asset ELSS Tax Saver | |
|---|---|---|
| Fund house | JM Financial Mutual Fund | Mirae Asset Mutual Fund |
| Compared as | ELSS (Tax Saving) | ELSS (Tax Saving) |
| NAV | ₹60.2135 | ₹57.6360 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 2 Jan 2013 | 29 Dec 2015 |
| Track record | 13.8 yrs | 10.9 yrs |
| Fund size (AUM) | ₹240 Cr | ₹24,625 Cr |
| Securities held | 53 | 70 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| JM ELSS - Tax Saver | Mirae Asset ELSS Tax Saver | |
|---|---|---|
| 1 month | +1.67% | +5.82% |
| 3 months | −1.83% | −1.91% |
| 6 months | +6.52% | +3.14% |
| 1 year | +6.04% | +0.85% |
| 3 years (CAGR) | +16.65% | +13.59% |
| 5 years (CAGR) | +12.92% | +10.63% |
| 7 years (CAGR) | +17.19% | +16.59% |
| 10 years (CAGR) | +16.35% | +16.80% |
| Since launch (CAGR) | +16.56% | +17.48% |
| SIP return (XIRR, 5 years) ⓘ | +14.52% | +11.47% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| JM ELSS - Tax Saver | Mirae Asset ELSS Tax Saver | |
|---|---|---|
| 2026 (year to date) | +4.59% | −0.86% |
| 2025 | +3.83% | +10.72% |
| 2024 | +30.64% | +18.39% |
| 2023 | +32.19% | +28.35% |
| 2022 | +1.47% | +1.34% |
| 2021 | +33.15% | +37.15% |
Risk
| JM ELSS - Tax Saver | Mirae Asset ELSS Tax Saver | |
|---|---|---|
| Volatility (annualised) ⓘ | 16.78% | 15.88% |
| Downside volatility ⓘ | 11.01% | 10.99% |
| Sharpe ratio ⓘ | 0.61 | 0.45 |
| Sortino ratio ⓘ | 0.92 | 0.65 |
| Maximum drawdown ⓘ | −37.39% | −37.81% |
| Recovery from that fall | 8 months | 6 months |
| Current fall from peak | −2.41% | −1.98% |
| Rolling 1-year return: worst | −27.33% | −28.79% |
| Rolling 1-year return: median | +15.19% | +14.96% |
| Rolling 1-year return: best | +95.09% | +113.28% |
| Share of 1-year periods with a loss | 18.20% | 11.35% |
Against each fund's benchmark
| JM ELSS - Tax Saver | Mirae Asset ELSS Tax Saver | |
|---|---|---|
| Beta ⓘ | 1.03 | 1.00 |
| Alpha (Jensen's, annualised) ⓘ | +4.95% | +1.55% |
| R² ⓘ | 88.99 | 98.15 |
| Upside capture | 119.00% | 104.56% |
| Downside capture | 99.03% | 97.51% |
| Tracking error | 5.71% | 2.16% |
| Information ratio | 0.95 | 0.78 |
| Treynor ratio | 8.85 | 5.35 |
Portfolio
Asset mix
| JM ELSS - Tax Saver | Mirae Asset ELSS Tax Saver | |
|---|---|---|
| Equity | 98.86% | 98.97% |
| Cash & equivalents | 1.11% | 1.01% |
Market-cap split (share of fund assets)
| JM ELSS - Tax Saver | Mirae Asset ELSS Tax Saver | |
|---|---|---|
| Large Cap | 35.15% | 57.71% |
| Mid Cap | 18.19% | 20.88% |
| Small Cap | 45.55% | 18.87% |
| Unclassified | 0.00% | 1.54% |
Concentration
| JM ELSS - Tax Saver | Mirae Asset ELSS Tax Saver | |
|---|---|---|
| Top 10 holdings | 26.65% | 41.35% |
| Effective number of stocks ⓘ | 50.8 | 35.8 |
| Securities held | 53 | 70 |
Portfolio overlap: 20.7%
12 companies are held by both funds; by weight, 20.7% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | JM ELSS - Tax Saver | Mirae Asset ELSS Tax Saver |
|---|---|---|
| HDFC Bank Limited | 2.90% | 8.77% |
| ICICI Bank Limited | 2.67% | 5.19% |
| Reliance Industries Limited | 2.64% | 4.34% |
| Bharti Airtel Limited | 2.41% | 3.60% |
| State Bank of India | 2.01% | 4.09% |
| Mahindra & Mahindra Limited | 1.63% | 1.55% |
| Maruti Suzuki India Limited | 1.43% | 1.74% |
| Hindalco Industries Limited | 1.37% | 2.40% |
| Larsen & Toubro Limited | 1.75% | 1.34% |
| Prestige Estates Projects Limited | 1.26% | 1.08% |
| Eternal Limited | 2.08% | 0.67% |
| Kotak Mahindra Bank Limited | 2.11% | 0.59% |
Top 10 holdings
JM ELSS - Tax Saver
- Syrma SGS Technology Ltd3.41%
- One 97 Communications Limited3.31%
- HDFC Bank Limited2.90%
- Karur Vysya Bank Limited2.69%
- ICICI Bank Limited2.67%
- Reliance Industries Limited2.64%
- Bharti Airtel Limited2.41%
- Cartrade Tech Limited2.30%
- EPL Limited2.19%
- Kotak Mahindra Bank Limited2.11%
Mirae Asset ELSS Tax Saver
- HDFC Bank Limited8.77%
- ICICI Bank Limited5.19%
- Laurus Labs Limited4.55%
- Reliance Industries Limited4.34%
- State Bank of India4.09%
- Axis Bank Limited3.66%
- Bharti Airtel Limited3.60%
- Delhivery Limited2.41%
- Hindalco Industries Limited2.40%
- Sun Pharmaceutical Industries Limited2.34%
Sector exposure
| JM ELSS - Tax Saver | Mirae Asset ELSS Tax Saver | |
|---|---|---|
| Banks | 12.39% | 25.60% |
| Finance | 10.09% | 0.04% |
| Pharmaceuticals & Biotechnology | 3.08% | 8.93% |
| Retailing | 6.40% | 4.87% |
| Automobiles | 4.69% | 5.53% |
| Telecom - Services | 2.41% | 5.10% |
| Petroleum Products | 2.64% | 5.05% |
| Industrial Manufacturing | 4.98% | 0.00% |
| Commercial Services & Supplies | 4.88% | 0.00% |
| Insurance | 1.51% | 4.59% |
| Transport Services | 0.00% | 4.39% |
| Industrial Products | 4.01% | 2.41% |
| Consumer Durables | 1.89% | 3.85% |
| Healthcare Services | 3.65% | 2.17% |
Questions people ask
What is the difference between JM ELSS - Tax Saver and Mirae Asset ELSS Tax Saver returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +6.04% vs +0.85%; 3-year CAGR +16.65% vs +13.59%; 5-year CAGR +12.92% vs +10.63%; 10-year CAGR +16.35% vs +16.80%. Past returns do not indicate future returns.
How do JM ELSS - Tax Saver and Mirae Asset ELSS Tax Saver compare on risk?
Volatility (36 monthly returns, annualised) 16.78% vs 15.88%; Sharpe ratio 0.61 vs 0.45; Sortino ratio 0.92 vs 0.65; maximum drawdown −37.39% vs −37.81%; beta 1.03 vs 1.00.
How much do JM ELSS - Tax Saver and Mirae Asset ELSS Tax Saver overlap?
By weight, 20.7% of the two portfolios is invested in the same companies; 12 stocks are held by both, the largest shared positions being HDFC Bank Limited, ICICI Bank Limited, Reliance Industries Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of JM ELSS - Tax Saver and Mirae Asset ELSS Tax Saver?
JM ELSS - Tax Saver: large cap 35.2%, mid cap 18.2%, small cap 45.6%. Mirae Asset ELSS Tax Saver: large cap 57.7%, mid cap 20.9%, small cap 18.9% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 6 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.