Mirae Asset ELSS Tax Saver Fund Direct Growth
NAV as on 04-04-2025
₹ 48.74
1D
Inception Returns
18.9%
/yr
Historical NAV & Returns
Absolute
▲
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43552 people have invested ₹ 19.7Cr in Mirae Asset ELSS Tax Saver Fund Direct Growth in the last three months
About Mirae Asset ELSS Tax Saver Fund Direct Growth
Mirae Asset Tax Saver Fund is a tax saving mutual fund which also helps in growing your wealth.Investing in this fund allows you to claim deductions under Section 80C of the Income Tax Act, 1961, which can help you reduce your taxable income by up to Rs. 1.5 lakhs per year.The fund also acts like a multi-cap, multi-sector fund, which means that it invests in the stocks of various companies across different sectors. This diversification helps reduce the risk of losses and ensures that your investment is spread out across different industries.
Key Parameters
- Mirae Asset ELSS Tax Saver Fund Direct Growth has ₹22411 Cr worth of assets under management (AUM) as on Feb 2025 and is more than category average.
- The fund has an expense ratio 0.6.
Returns
Mirae Asset ELSS Tax Saver Fund Direct Growth has given a CAGR return of 18.92% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.99%, 13.79% and 29.29% respectively.
Holdings
Mirae Asset ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Health, Basic Materials, Energy, Utilities, Consumer Defensive, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, Axis Bank Ltd, ICICI Bank Ltd, State Bank of India, Infosys Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of Mirae Asset ELSS Tax Saver Fund Direct Growth
The investment objective of the scheme is to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. The Scheme does not guarantee or assure any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Mirae Asset ELSS Tax Saver Fund Direct Growth of 3 Years
Mirae Asset ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.6% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹22411 Cr |
| Inception Date | 28 December, 2015 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 45.11% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
INDmoney Rank for Mirae Asset ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
7
/23
51% Performance
45% Risk Management
89% Cost
7 out of 23 among elss (tax savings)
Larger AUM within category
Beats FD returns for both 3Y & 5Y
No bad points found for this fund.
Trailing Returns
as on (04-Apr-25)
Fund Distribution
as on (28-Feb-25)
Large cap
66.6%
Small cap
17.9%
Mid cap
15.3%
Sector Allocation
Financial Services
33.7%
Consumer Cyclical
13.9%
Industrial
12.5%
Tech
8.8%
Health
7.8%
Basic Materials
7.6%
Energy
4.3%
Utilities
3.8%
Consumer Defensive
3.5%
Communication
2.8%
Real Estate
1.3%
All changes are between Dec'24 and Feb'25
- AUM of the fund stands at 22.4K Cr as of Feb'25
- AUM decreased by 2.6K Cr between Feb'25 and Jan'25
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 8.36% to 9.32%
Axis Bank Ltd's allocation increased from 4.81% to 5.3%
Hindustan Unilever Ltd's allocation increased from 0.46% to 0.89%
Top Stocks sold last month
State Bank of India's allocation decreased from 4.31 % to 4.11 %
Infosys Ltd's allocation decreased from 4.47 % to 3.97 %
Tata Consultancy Services Ltd's allocation decreased from 2.39 % to 2.17 %
Small Cap allocation has gone down from 18.5% to 17.9%
Mid Cap allocation has gone up from 14.5% to 15.3%
Large Cap allocation has gone up from 65.9% to 66.6%
Cash allocation has gone down from 1.1% to 0.3%
Top 3 Sectors in February were Financial Services, Consumer Cyclical & Industrial
Feb'25
Financial Services
34%
Consumer Cyclical
14%
Industrial
12%
Jan'25
Financial Services
34%
Consumer Cyclical
15%
Industrial
13%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 9.32% | 2% | |
 Axis Bank Ltd | 5.3% | 0% | |
 ICICI Bank Ltd | 4.42% | 0% | |
 State Bank of India | 4.11% | 0% | |
 Infosys Ltd | 3.97% | -7.8% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Mirae Asset ELSS Tax Saver Fund Direct Growth | 6.99% | 13.79% | 29.29% | 18.92% |
 DSP ELSS Tax Saver Fund Direct Plan Growth | 14.73% | 18.3% | 31.35% | 17.95% |
 HDFC ELSS TaxSaver -Direct Plan - Growth Option | 11.34% | 21.09% | 31.57% | 15.25% |
 SBI Long Term Equity Fund Direct Growth | 7.79% | 23.29% | 32.96% | 16.48% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 ICICI Bank Ltd | 10.4% |
 Axis Bank Ltd | 7.7% |
 HDFC Bank Ltd | 5.6% |
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Neelesh Surana
Fund Manager of Mirae Asset ELSS Tax Saver Fund Direct Growth, since 28 December 2015
Top funds managed
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.8L Cr
as on 28-Feb-2025
Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Website
customercare@miraeasset.com
Mutual Fund Insights
Over the last 15 months, this fund has decreased expense ratio by 9.1% moving from 0.66 to 0.60.
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.6% which is lower than the category average expense ratio of 1.3%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 39.85% return, outperforming this fund by 10.56% per annum.
Over the last 3 months, this fund has experienced a 11.5% drop in AUM moving from 25.31K Cr to 22.41K Cr.
In the last 1 year, DSP ELSS Tax Saver Fund Direct Plan Growth has given 14.73% return, outperforming this fund by 7.73%.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 23.29% return, outperforming this fund by 9.5% per annum.
Mirae Asset ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 18.92% since inception which is more than its category average return of 14.49%
Fund Allocations
This fund has an allocation of 99.73% in Equity, 0% in Debt and 0.27% in Cash related instruments
AUM size ₹22411 Cr
This fund has AUM of ₹22411 Cr which is more than its category average of ₹ 4606 Cr
Expense Ratio 0.6%
This fund has an expense ratio of 0.6% which is less than its category average expense ratio of 1.41%
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Frequently Asked Questions for Mirae Asset ELSS Tax Saver Fund Direct Growth
The current NAV of Mirae Asset ELSS Tax Saver Fund Direct Growth is ₹48.74 as on 04-Apr-2025.
Existing (Absolute + CAGR) as on 04-Apr-2025.
Mirae Asset ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.4% | 6.4% |
6 Month Returns | -9.25% | -9.25% |
1 Year Returns | 6.99% | 6.99% |
3 Years Returns | 47.33% | 13.79% |
5 Years Returns | 261.3% | 29.29% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.6% as on March 2025
₹22411 Cr as on March 2025
HDFC Bank Ltd(9.32%), Axis Bank Ltd(5.3%), ICICI Bank Ltd(4.42%), State Bank of India(4.11%), Infosys Ltd(3.97%) as on March 2025
Financial Services(33.58%), Consumer Cyclical(13.9%), Industrial(12.44%) as on March 2025
The alpha ratio for the Mirae Asset ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset ELSS Tax Saver Fund Direct Growth | 3.03 | 0.9 | 1.84 |
As on March 2025
The alpha for Mirae Asset ELSS Tax Saver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mirae Asset ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset ELSS Tax Saver Fund Direct Growth | 0.98 | 0.92 | 0.98 |
As on March 2025
The Beta for Mirae Asset ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mirae Asset ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset ELSS Tax Saver Fund Direct Growth | 0.23 | 0.58 | 1.33 |
As on March 2025
The sharpe ratio for Mirae Asset ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mirae Asset ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset ELSS Tax Saver Fund Direct Growth | 16.54 | 13.9 | 15.66 |
As on March 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.95 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.18 as on March 2025. It tells the consistency of the fund in generating superior risk-adjusted performance
Neelesh Surana is the fund manager of Mirae Asset ELSS Tax Saver Fund Direct Growth
The Exit load of Mirae Asset ELSS Tax Saver Fund Direct Growth is 0%