Mirae Asset ELSS Tax Saver Fund

Mirae Asset ELSS Tax Saver Fund has delivered strong SIP returns across all horizons, with XIRR of 19.43% over 5Y and 16.69% over 10Y, consistently outperforming the category average (16.77% and 15.78% respectively). The 3Y XIRR of 17.32% also beats the category's 14.54% by a healthy margin. Calendar year returns show occasional flat or negative years (2015: 0.24%, 2022: -0.26%, 2026 YTD: -7.08%), interspersed with strong ones like 2017 (49.34%) and 2021 (36.41%).

The maximum drawdown of -37.81% with a 67-day decline and 197-day recovery reflects typical mid-to-largecap equity risk, and 9 drawdown events exceeding 10% confirm meaningful volatility. Calmar ratios remain stable between 0.48 and 0.53 across all horizons, indicating consistent risk-adjusted returns. Rolling returns of 18.09% mean over 10Y lump-sum windows suggest the fund has rewarded patient investors despite periods of drawdown.

Portfolio composition details are not provided in this dataset, so holdings, sector allocation, and concentration analysis cannot be confirmed here. As an ELSS fund, it must maintain at least 80% equity exposure and has a mandatory 3-year lock-in per holding. Investors should review the current factsheet for top holdings and sector weights before investing.

The fund outperforms category average SIP XIRR across every displayed horizon — 1Y (12.18% vs 9.56%), 3Y (17.32% vs 14.54%), 5Y (19.43% vs 16.77%), 7Y (18.8% vs 15.84%), and 10Y (16.69% vs 15.78%). This consistent alpha across shorter and longer windows indicates durable stock selection rather than a single-period fluke. The narrow 5Y-to-10Y rolling return spread (19.24% vs 18.09%) further supports return consistency.

This fund suits investors seeking tax deduction under Section 80C who can accept the mandatory 3-year lock-in on each SIP instalment and equity-market volatility including drawdowns near -38%. A horizon of at least 5-7 years is appropriate, given that 5Y and 7Y XIRR figures of 19.43% and 18.8% are the fund's strongest periods. Moderate-to-high risk tolerance is required, as calendar year returns have swung between -7.08% and +49.34%.

• Consistent outperformance vs category SIP XIRR across all horizons, e.g., 3Y at 17.32% vs 14.54% and 10Y at 16.69% vs 15.78%
• Stable risk-adjusted returns with Calmar ratios tightly ranged between 0.48 and 0.53 across 1Y to 10Y
• Strong 5Y XIRR of 19.43% and 10Y rolling lump-sum mean of 18.09%, rewarding long-term investors

• Max drawdown of -37.81% with a lengthy 197-day recovery and 9 drawdown events exceeding 10% signal substantial volatility
• Mandatory 3-year lock-in on each investment limits liquidity, unsuitable for investors needing flexible access
• Weak recent calendar year performance in 2026 (-7.08%) and flat 2025 (+10.35%) suggest a softer current phase