Mirae Asset ELSS Tax Saver Fund Direct Growth

Mirae Asset ELSS Tax Saver Fund Direct Growth

NAV as on 24-04-2025

₹ 52.05

0.7%

1D

Inception Returns

19.4%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
41494 people have invested ₹ 18Cr 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 an Equity Linked Saving Scheme (ELSS) that aims to generate long-term capital appreciation by primarily investing in equity and equity-related instruments. As per SEBI guidelines, the fund invests a minimum of 80% of its assets in equities, while the remaining portion can be allocated to debt and money market instruments. This allows the fund to maintain a diversified portfolio that balances growth potential with a degree of stability.

 

One of the key benefits of this fund is the tax deduction it offers under Section 80C of the Income Tax Act. Investors can claim deductions of up to ₹1,50,000 in a financial year. However, it comes with a mandatory lock-in period of three years, which is the shortest among all tax-saving investment options under Section 80C.

 

The fund uses the Nifty 500 TRI as its benchmark index, giving it a broad and comprehensive base to measure performance across various sectors and market caps. The fund manager follows a bottom-up stock selection strategy, focusing on individual companies rather than making decisions based solely on macroeconomic trends or sectoral outlooks. Without sticking to any one investment style, the approach is flexible, aiming to identify strong growth opportunities across the market.

Currently, the fund's portfolio comprises 16.6% small-cap stocks, 65.48% large-cap stocks, and 16.30% mid-cap stocks.

With an AUM of ₹23945.0 crores, Mirae Asset ELSS Tax Saver Fund Direct Growth generated a return of 10.8% in 1 year, 15.9% in 3 years, 26.6% in 5 years. while its benchmark index (Nifty 500) generated 7.7% in 1 year, 14.3% in 3 years, and 23.9% in 5 years.

Mirae Asset ELSS Tax Saver Fund Direct Growth Overview

Expense ratio0.7%
Benchmark
Nifty 500 TR INR
AUM₹23945 Cr
Inception Date28 December, 2015
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
45.11%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

INDmoney Rank for Mirae Asset ELSS Tax Saver Fund Direct Growth

Powered by IND quant engine
6
/23
52% Performance
46% Risk Management
84% Cost
6 out of 23 among elss (tax savings)
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Larger AUM within category
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Beats FD returns for both 3Y & 5Y
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No bad points found for this fund.

Trailing Returns

as on (24-Apr-25)

Period
Mirae Asset ELSS Tax Saver Fund Direct Growth
Nifty 500
elss (tax savings)
1M
4.1%
4.5%
3.8%
3M
3.3%
3.2%
1.4%
6M
-1.3%
-2.6%
-4.4%
1Y
10.8%
7.7%
8.2%
3Y
15.9%
14.3%
16.1%
5Y
26.6%
23.9%
24.3%

Fund Distribution

as on (31-Mar-25)

  • Equity 98.4%

  • Debt & Cash 1.6%

Large cap
65.5%

Small cap
16.6%

Mid cap
16.3%

Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Sep'24

Financial Services
33.5%
Consumer Cyclical
13.9%
Industrial
11%
Health
9.2%
Tech
8.6%
Basic Materials
7.6%
Energy
4.2%
Utilities
4.1%
Consumer Defensive
3.7%
Communication
2.8%
Real Estate
1.4%
All changes are between Jan'25 and Mar'25
Mar'25
Feb'25
Jan'25
Fund Returns
6.85%
-6.84%
-4.34%
Nifty 500
7.25%
-7.88%
-4.01%
  • This fund’s returns stands at 6.85% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
  • This fund underperformed Nifty 500 by 0.40% in Mar'25
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 23.9K Cr
₹ 22.4K Cr
₹ 25K Cr
  • AUM of the fund stands at 23.9K Cr as of Mar'25
  • AUM increased by 1.5K Cr between Mar'25 and Feb'25
Top Stocks bought last month
Apollo Hospitals Enterprise Ltd's allocation increased from 0.74% to 1.28%
Apollo Hospitals Enterprise Ltd's allocation increased from 0.74% to 1.28%
HCL Technologies Ltd's allocation increased from 0.16% to 0.53%
HCL Technologies Ltd's allocation increased from 0.16% to 0.53%
Dr Reddy's Laboratories Ltd's allocation increased from 0.36% to 0.72%
Dr Reddy's Laboratories Ltd's allocation increased from 0.36% to 0.72%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 9.32 % to 9.21 %
HDFC Bank Ltd's allocation decreased from 9.32 % to 9.21 %
State Bank of India's allocation decreased from 4.11 % to 3.95 %
State Bank of India's allocation decreased from 4.11 % to 3.95 %
Infosys Ltd's allocation decreased from 3.97 % to 3.46 %
Infosys Ltd's allocation decreased from 3.97 % to 3.46 %
Mid Cap allocation has gone up from 15.3% to 16.3%
Mid Cap allocation has gone up from 15.3% to 16.3%
Large Cap allocation has gone down from 66.6% to 65.5%
Large Cap allocation has gone down from 66.6% to 65.5%
Small Cap allocation has gone down from 17.9% to 16.6%
Small Cap allocation has gone down from 17.9% to 16.6%
Cash allocation has gone up from 0.3% to 1.6%
Cash allocation has gone up from 0.3% to 1.6%

Top 3 Sectors in March were Financial Services, Consumer Cyclical & Industrial

Mar'25
Financial Services
34%
Consumer Cyclical
14%
Industrial
11%
Feb'25
Financial Services
34%
Consumer Cyclical
14%
Industrial
12%
  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
HDFC Bank Ltd
HDFC Bank Ltd
9.21%
0%
Axis Bank Ltd
Axis Bank Ltd
5.39%
0%
ICICI Bank Ltd
ICICI Bank Ltd
4.64%
0%
State Bank of India
State Bank of India
3.95%
-8.5%
Infosys Ltd
Infosys Ltd
3.46%
0%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Mirae Asset ELSS Tax Saver Fund Direct Growth
Mirae Asset ELSS Tax Saver Fund Direct Growth
10.81%
15.9%
26.57%
19.39%
DSP ELSS Tax Saver Fund Direct Plan Growth
DSP ELSS Tax Saver Fund Direct Plan Growth
18.69%
20.61%
28.67%
18.31%
HDFC ELSS TaxSaver -Direct Plan - Growth Option
HDFC ELSS TaxSaver -Direct Plan - Growth Option
16.6%
23.44%
29.38%
15.64%
Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth
Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth
11.13%
25.11%
28.75%
18.01%
  • Gainers

  • Losers

Top Growth Drivers
1M Return
Axis Bank Ltd
Axis Bank Ltd
10.8%
HDFC Bank Ltd
HDFC Bank Ltd
9%
ICICI Bank Ltd
ICICI Bank Ltd
4.3%
Fund
Mar'25
Feb'25
Jan'25
No of Holdings
89
88
92
Top 5 Company Concentration
26.6%
27.1%
26.2%
Company having highest exposure
HDFC Bank Ltd (9.2%)
HDFC Bank Ltd (9.3%)
HDFC Bank Ltd (8.4%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
76.2%
76.7%
78.6%
Sector having highest exposure
Financial Services (33.5%)
Financial Services (33.7%)
Financial Services (33.7%)
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Neelesh Surana
Neelesh Surana
Fund Manager of Mirae Asset ELSS Tax Saver Fund Direct Growth, since 28 December 2015
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset Large & Midcap Fund Direct Plan Growth
14.83%
17.36%
Mirae Asset ELSS Tax Saver Fund -Direct Plan-Growth
15.63%
15.93%
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.68L Cr
as on 31-Mar-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

Insights icon
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.7% which is lower than the category average expense ratio of 1.29%.
Insights icon
Over the last 1 month, this fund has increased expense ratio by 22.8% moving from 0.57 to 0.70.
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Over the last 6 months, this fund has experienced a 9.4% drop in AUM moving from 26.41K Cr to 23.94K Cr.
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In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 25.11% return, outperforming this fund by 9.21% per annum.
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In the last 1 year, DSP ELSS Tax Saver Fund Direct Plan Growth has given 18.69% return, outperforming this fund by 7.88%.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 36.98% return, outperforming this fund by 10.42% per annum.

Mirae Asset ELSS Tax Saver Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 19.39% since inception which is more than its category average return of 15.05%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.39% in Equity, 0% in Debt and 1.61% in Cash related instruments
AUM size ₹23945 Cr

AUM size ₹23945 Cr

This fund has AUM of ₹23945 Cr which is more than its category average of ₹ 4910 Cr
Expense Ratio 0.7%

Expense Ratio 0.7%

This fund has an expense ratio of 0.7% which is less than its category average expense ratio of 1.4%
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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 ₹52.05 as on 24-Apr-2025.
Existing (Absolute + CAGR) as on 24-Apr-2025.
Mirae Asset ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.13%
4.13%
6 Month Returns
-1.29%
-1.29%
1 Year Returns
10.81%
10.81%
3 Years Returns
55.67%
15.9%
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0.7% as on March 2025
₹23945 Cr as on March 2025
HDFC Bank Ltd(9.21%), Axis Bank Ltd(5.39%), ICICI Bank Ltd(4.64%), State Bank of India(3.95%), Infosys Ltd(3.46%) as on March 2025
Financial Services(32.98%), Consumer Cyclical(13.67%), Industrial(10.85%) 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 Nifty 500 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 Nifty 500 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 Nifty 500 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%