Nippon India Multi Cap Fund vs Mirae Asset ELSS Tax Saver Fund
Side-by-side comparison of returns, risk, expenses, holdings and performance. AI-powered insights included.
3Y Return
19.38%
3Y Return
14.73%
Today, we are comparing two popular Indian mutual funds: Nippon India Multi Cap Fund and Mirae Asset ELSS Tax Saver Fund. Both funds are in the Very High risk category, but they have different investment strategies and returns. Dekho, let's see which one is better for long-term wealth creation.
| Parameter | ANippon India Multi Cap Fund - Direct Plan - Growth | BMirae Asset ELSS Tax Saver Fund - Regular Plan - Growth |
|---|---|---|
| Fund House | Nippon India | Mirae Asset |
| Category | Multi Cap | ELSS |
| NAV (₹) | 327.56 | 48.73 |
| AUM (₹ Cr) | 5.26 Lac Cr | 2.53 Lac Cr |
| Expense Ratio (%) | 0.84% | 1.62% |
| Riskometer | Very High | Very High |
| Volatility | 14.38 | 13.85 |
| Sharpe Ratio | 0.9 | 0.59 |
| 1 Year Return (%) | 1.81% | 2.19% |
| 3 Year Return (%) | 19.38% | 14.73% |
| 5 Year Return (%) | 20.94% | 12.52% |
| Since Launch (%) | 15.99% | 16.42% |
| Min SIP (₹) | 500 | 500 |
| Min Lumpsum (₹) | 1000 | 1000 |
| Launch Date | 2 January 2013 | 29 December 2015 |
| Exit Load | Nil | Nil |
| Fund Manager | Amber Singhania; Kinjal Desai; Sailesh Raj Bhan (13.4 years yrs) | Neelesh Surana (10.5 years yrs) |
| Benchmark | Nifty 500 Multicap 50:25:25 TRI | Nifty 500 TRI |
| Top 3 Holdings | HDFC Bank Ltd. (6.16%), ICICI Bank Ltd. (4.1%), Axis Bank Ltd. (3.41%) | HDFC Bank Ltd. (9.53%), ICICI Bank Ltd. (4.84%), Reliance Industries Ltd. (4.19%) |
| Asset Allocation | Equity: 99.5% | Equity: 99.11% | Mutual Fund: 0.0% |
| Portfolio Turnover | 89% | 69% |
🤖 AI Verdict – Which is Better?
Based on our analysis, Nippon India Multi Cap Fund is a better choice for long-term wealth creation. Its 3Y return of 19.38% is significantly higher than Mirae Asset ELSS Tax Saver Fund's 14.73%. Lekin, we also need to consider the expense ratio, which is lower in Nippon India Multi Cap Fund at 0.84% compared to 1.62% in Mirae Asset ELSS Tax Saver Fund. Haan, the lower expense ratio means more returns for you.
Why consider Nippon India Multi Cap Fund?
- Expense ratio: 0.84%
- 3Y return: 19.38%
- AUM: 5.26 Lac Cr
- Sharpe Ratio: 0.9
Why consider Mirae Asset ELSS Tax Saver Fund?
- Expense ratio: 1.62%
- 3Y return: 14.73%
- AUM: 2.53 Lac Cr
- Sharpe Ratio: 0.59
📈 SIP Suitability
For a monthly SIP of 10+ years, Mirae Asset ELSS Tax Saver Fund is a better choice. Its 3Y return of 14.73% is more consistent compared to Nippon India Multi Cap Fund's 19.38%. Lekin, the consistency comes at a cost of lower returns. Chaliye, if you are a long-term investor, you can consider Nippon India Multi Cap Fund for higher returns.
⚠️ Risk & Cost Analysis
Both funds are in the Very High risk category, but Nippon India Multi Cap Fund has a lower volatility of 14.38 compared to Mirae Asset ELSS Tax Saver Fund's 13.85. Haan, this means Nippon India Multi Cap Fund is slightly more stable. Lekin, Mirae Asset ELSS Tax Saver Fund has a lower Sharpe ratio of 0.59 compared to Nippon India Multi Cap Fund's 0.9. Dekho, this means Mirae Asset ELSS Tax Saver Fund is taking more risk for lower returns.
📊 Portfolio Diversification
Nippon India Multi Cap Fund has a more diversified portfolio with an asset allocation of 99.5% in equity. Mirae Asset ELSS Tax Saver Fund, on the other hand, has an asset allocation of 99.11% in equity. Lekin, Mirae Asset ELSS Tax Saver Fund has a higher concentration in HDFC Bank Ltd. at 9.53% compared to Nippon India Multi Cap Fund's 6.16%. Haan, this means Mirae Asset ELSS Tax Saver Fund has sector risk in the banking sector.
SIP Calculator – Compare Growth Potential
Nippon India Multi Cap Fund
₹1836667.31
@19.4% annual return (3Y)
Mirae Asset ELSS Tax Saver Fund
₹1370327.40
@14.7% annual return (3Y)
*Projected returns are illustrative based on historical 3‑year returns. Past performance does not guarantee future returns.
❓ Frequently Asked Questions (Comparison)
Q1: Which fund gives better returns in the long run?
Nippon India Multi Cap Fund gives better returns in the long run with a 5Y return of 20.94% compared to Mirae Asset ELSS Tax Saver Fund's 12.52%.
Q2: Is the higher risk fund worth it?
No, the higher risk fund is not worth it. Mirae Asset ELSS Tax Saver Fund has a lower Sharpe ratio of 0.59 compared to Nippon India Multi Cap Fund's 0.9, which means it is taking more risk for lower returns.
Q3: Which fund is more cost-effective?
Nippon India Multi Cap Fund is more cost-effective with an expense ratio of 0.84% compared to Mirae Asset ELSS Tax Saver Fund's 1.62%.
Mahendra Maurya
6+ Years in Banking, Wealth Management & Financial ServicesFounder & Author of ShareTargetPrice.in. 6+ years in Banking, Wealth Management & Financial Services.
📊 Author & Founder at Share Target Price