Mirae Asset ELSS Tax Saver Fund vs SBI ELSS Tax Saver Fund
SBI Long Term Equity is the former name of SBI ELSS Tax Saver Fund. The old URL is retained for continuity, but comparisons should use the current scheme name. First establish whether the tax-saving structure fits your tax regime and liquidity needs; do not select an equity fund solely because its name includes tax saver.
By Ash · Comparison framework revised 1 October 2026. Product documents below identify the source; this is not a personalized quote or a performance ranking.
The decision that matters for this pair
Compare the same direct or regular plan and the same option over identical dates. For SIPs, record the eligibility and release date of each allotment separately instead of assuming that all money becomes accessible when the first instalment reaches its holding requirement. Review market risk even when a tax deduction is available.
Compare these fields side by side
Save both source documents with their effective date. Populate the fields below from those documents, and write down a question wherever a condition is unclear. Do not substitute an advertisement for a missing contractual term.
- Exact scheme, plan and option
- Mandate and benchmark
- Same-date portfolio and riskometer
- Current expense ratio
- Same-period returns and drawdown
- Exit-load and subscription conditions
A worked example: risk and recovery
Consider a hypothetical ₹2 lakh equity holding that falls 25% to ₹1.5 lakh. It needs a 33.3% gain—not 25%—to return to ₹2 lakh. This is a risk illustration, not either fund's historical drawdown. A recent winning return does not remove that exposure; keep money needed soon outside a strategy that can experience such a fall.
When the comparison is not like for like
A direct growth plan cannot be compared fairly with a regular distribution option by looking at one NAV or one return percentage. If mandates differ, decide the portfolio role first. If switching existing units, include any tax and exit-load effects separately from the choice of where to invest new money.
Official product documents
Questions before you decide
Which one should I choose?
Compare the same direct or regular plan and the same option over identical dates. For SIPs, record the eligibility and release date of each allotment separately instead of assuming that all money becomes accessible when the first instalment reaches its holding requirement. Review market risk even when a tax deduction is available.
Why is there no recent-return winner?
A fair return comparison needs identical dates, plan and option, with its benchmark and risk context. This page does not publish unsupported performance numbers or predict which fund will outperform.