NAV as on 24-04-2025
₹ 52.05
▲0.7%
1D
Inception Returns
19.4%
/yr
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.
Expense ratio | 0.7% |
Benchmark | Nifty 500 TR INR |
AUM | ₹23945 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 |
as on (24-Apr-25)
as on (31-Mar-25)
Top 3 Sectors in March were Financial Services, Consumer Cyclical & Industrial
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% |
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 |
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 |
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 |
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 |