Mirae Asset ELSS Tax Saver Fund Direct Growth

Mirae Asset ELSS Tax Saver Fund Direct Growth

Equity

Direct

Elss (Tax Savings)

NAV as on 21-03-2025

₹ 50.08

▲1.1%

1D

Inception Returns

19.1%

/yr

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

  1. Mirae Asset ELSS Tax Saver Fund Direct Growth has ₹22411 Cr worth of assets under management (AUM) as on Jan 2025 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

Mirae Asset ELSS Tax Saver Fund Direct Growth has given a CAGR return of 19.07% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.27%, 15.14% and 27.41% 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 benefit
Dividends 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

Historical NAV & Returns

Absolute
▲
▼

zero opening, trading, fund transfer fee
44703 people have invested ₹ 20.2Cr in Mirae Asset ELSS Tax Saver Fund Direct Growth in the last three months

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)
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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.

Mirae Asset ELSS Tax Saver Fund Direct Growth Overview

Expense ratio0.6%
Benchmark
S&P BSE 200 India TR INR
AUM₹22411 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

Trailing Returns

as on (21-Mar-25)

Period
Mirae Asset ELSS Tax Saver Fund Direct Growth
Nifty 500
elss (tax savings)
1M
3.3%
2.8%
2.1%
3M
-4.9%
-5.1%
-6.9%
6M
-10%
-12.7%
-12.6%
1Y
11.3%
6.4%
8.3%
3Y
15.1%
13.1%
15.1%
5Y
27.4%
27.8%
24.6%

Fund Distribution

as on (31-Jan-25)

  • Equity 99.7%

  • Debt & Cash 0.3%

Large cap
66.6%
Small cap
17.9%
Mid cap
15.3%
Sector Allocation

Feb'25

Jan'25

Dec'24

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 Nov'24 and Jan'25
Dec'24
Nov'24
Fund Returns
-1.34%
1.37%
Nifty 500
-2.02%
-0.60%
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 22.4K Cr
₹ 25K Cr
₹ 25.3K Cr
  • 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
Multi Commodity Exchange of India Ltd's allocation increased from 0.9% to 1.35%
Multi Commodity Exchange of India Ltd's allocation increased from 0.9% to 1.35%
Mahindra & Mahindra Ltd's allocation increased from 1.1% to 1.47%
Mahindra & Mahindra Ltd's allocation increased from 1.1% to 1.47%
HDFC Asset Management Co Ltd's allocation increased from 0.21% to 0.58%
HDFC Asset Management Co Ltd's allocation increased from 0.21% to 0.58%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 8.37 % to 8.36 %
HDFC Bank Ltd's allocation decreased from 8.37 % to 8.36 %
State Bank of India's allocation decreased from 4.4 % to 4.31 %
State Bank of India's allocation decreased from 4.4 % to 4.31 %
Larsen & Toubro Ltd's allocation decreased from 3.07 % to 3 %
Larsen & Toubro Ltd's allocation decreased from 3.07 % to 3 %
Small Cap allocation has gone down from 18.5% to 17.9%
Small Cap allocation has gone down from 18.5% to 17.9%
Mid Cap allocation has gone up from 14.5% to 15.3%
Mid Cap allocation has gone up from 14.5% to 15.3%
Large Cap allocation has gone up from 65.9% to 66.6%
Large Cap allocation has gone up from 65.9% to 66.6%
Cash allocation has gone down from 1.1% to 0.3%
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%

  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
HDFC Bank Ltd
HDFC Bank Ltd
9.32%
2%
Axis Bank Ltd
Axis Bank Ltd
5.3%
0%
ICICI Bank Ltd
ICICI Bank Ltd
4.42%
0%
State Bank of India
State Bank of India
4.11%
0%
Infosys Ltd
Infosys Ltd
3.97%
-7.8%
See all

  • 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
11.27%
15.14%
27.41%
19.07%
LIC MF ELSS Tax Saver -Direct Plan Growth Option
LIC MF ELSS Tax Saver -Direct Plan Growth Option
18.97%
15.75%
22.57%
15.04%
DSP ELSS Tax Saver Fund Direct Plan Growth
DSP ELSS Tax Saver Fund Direct Plan Growth
18.81%
19.44%
29.02%
18%
HDFC ELSS TaxSaver -Direct Plan - Growth Option
HDFC ELSS TaxSaver -Direct Plan - Growth Option
14.13%
22.49%
30.16%
15.28%
See all

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Jindal Steel & Power Ltd
Jindal Steel & Power Ltd
6%
Axis Bank Ltd
Axis Bank Ltd
6%
HDFC Bank Ltd
HDFC Bank Ltd
5.6%
Fund
Jan'25
Dec'24
Nov'24
No of Holdings
92
95
92
Top 5 Company Concentration
26.2%
26%
25.9%
Company having highest exposure
HDFC Bank Ltd (8.4%)
HDFC Bank Ltd (8.4%)
HDFC Bank Ltd (8.2%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
78.6%
79.2%
81.7%
Sector having highest exposure
Financial Services (33.7%)
Financial Services (33%)
Financial Services (33.3%)
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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 ELSS Tax Saver Fund -Direct Plan-Growth
15.14%
15.13%
Mirae Asset Large & Midcap Fund Direct Plan Growth
14.24%
16.95%
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
48
See all Mirae schemes
Total AUM
₹1.86L Cr
as on 31-Jan-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
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 24.82% return, outperforming this fund by 9.69% per annum.
Insights icon
In the last 1 year, LIC MF ELSS Tax Saver -Direct Plan Growth Option has given 18.97% return, outperforming this fund by 7.7%.
Insights icon
Over the last 15 months, this fund has decreased expense ratio by 9.1% moving from 0.66 to 0.60.
Insights icon
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%.
Insights icon
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 38.99% return, outperforming this fund by 11.57% per annum.
Insights icon
Over the last 3 months, this fund has experienced a 11.5% drop in AUM moving from 25.31K Cr to 22.41K Cr.

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 19.07% since inception which is more than its category average return of 14.56%
Fund Allocations

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

AUM size ₹22411 Cr

This fund has AUM of ₹22411 Cr which is more than its category average of ₹ 4477 Cr
Expense Ratio 0.6%

Expense Ratio 0.6%

This fund has an expense ratio of 0.6% which is less than its category average expense ratio of 1.4%

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 ₹50.08 as on 21-Mar-2025.
Existing (Absolute + CAGR) as on 21-Mar-2025.
Mirae Asset ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.3%
3.3%
6 Month Returns
-10.04%
-10.04%
1 Year Returns
11.27%
11.27%
3 Years Returns
52.63%
15.14%
5 Years Returns
235.8%
27.41%
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  • Select your bank account and proceed with Payment.
0.6% as on February 2025
₹22411 Cr as on February 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 February 2025
Financial Services(33.58%), Consumer Cyclical(13.9%), Industrial(12.44%) as on January 1
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
2.62
0.8
1.71
As on February 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
1
0.92
0.99
As on February 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
-0.21
0.52
0.76
As on February 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
15.21
13.56
19.39
As on February 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 0.83 as on February 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.17 as on February 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%