Mirae Asset ELSS Tax Saver Fund Direct Growth
NAV as on 08-05-2025
₹ 51.48
1D
Inception Returns
19.1%
/yr
Historical NAV & Returns
Absolute
▲
▼
38999 people have invested ₹ 16.4Cr 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 8.9% in 1 year, 17.4% in 3 years, 26.7% in 5 years. while its benchmark index (Nifty 500) generated 5.5% in 1 year, 15.6% in 3 years, and 23.7% in 5 years.
Mirae Asset ELSS Tax Saver Fund Direct Growth Overview
| 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 |
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)
Larger AUM within category
Beats FD returns for both 3Y & 5Y
No bad points found for this fund.
Trailing Returns
as on (08-May-25)
Fund Distribution
as on (31-Mar-25)
Large cap
65.5%
Small cap
16.6%
Mid cap
16.3%
Sector Allocation
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
- 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
- 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%
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%
Top Stocks sold last month
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 %
Infosys Ltd's allocation decreased from 3.97 % to 3.46 %
Small Cap allocation has gone down from 17.9% to 16.6%
Mid Cap allocation has gone up from 15.3% to 16.3%
Large Cap allocation has gone down from 66.6% to 65.5%
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%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 9.21% | 0% | |
 Axis Bank Ltd | 5.39% | 0% | |
 ICICI Bank Ltd | 4.64% | 0% | |
 State Bank of India | 3.95% | -8.5% | |
 Infosys Ltd | 3.46% | 0% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Mirae Asset ELSS Tax Saver Fund Direct Growth | 8.93% | 17.41% | 26.74% | 19.13% |
 DSP ELSS Tax Saver Fund Direct Plan Growth | 14.46% | 21.73% | 28.48% | 18.05% |
 HDFC ELSS TaxSaver -Direct Plan - Growth Option | 14.3% | 24.57% | 29.58% | 15.47% |
 Axis ELSS Tax Saver Fund Direct Plan Growth Option | 8.75% | 14.49% | 18.94% | 16.99% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 ICICI Bank Ltd | 10.4% |
 HDFC Bank Ltd | 10% |
 Axis Bank Ltd | 7.7% |
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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
₹1.68L 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
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 35.52% return, outperforming this fund by 8.79% per annum.
Over the last 6 months, this fund has experienced a 9.4% drop in AUM moving from 26.41K Cr to 23.94K Cr.
In the last 1 year, DSP ELSS Tax Saver Fund Direct Plan Growth has given 14.46% return, outperforming this fund by 5.53%.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 26.12% return, outperforming this fund by 8.71% per annum.
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%.
Over the last 1 month, this fund has increased expense ratio by 22.8% moving from 0.57 to 0.70.
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 19.13% since inception which is more than its category average return of 14.72%
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
This fund has AUM of ₹23945 Cr which is more than its category average of ₹ 4938 Cr
Expense Ratio 0.7%
This fund has an expense ratio of 0.7% 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 ₹51.48 as on 08-May-2025.
Existing (Absolute + CAGR) as on 08-May-2025.
Mirae Asset ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 7.07% | 7.07% |
6 Month Returns | -2.74% | -2.74% |
1 Year Returns | 8.93% | 8.93% |
3 Years Returns | 61.84% | 17.41% |
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0.7% as on April 2025
₹23945 Cr as on April 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 April 2025
Financial Services(32.98%), Consumer Cyclical(13.67%), Industrial(10.85%) as on April 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 | 2.59 | 1.21 | 1.91 |
As on April 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 | 0.96 |
As on April 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 | 0.18 | 0.69 | 1.27 |
As on April 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 | 16.35 | 13.92 | 14.41 |
As on April 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 1.13 as on April 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.28 as on April 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%