December 27, 2025
RA Jainee
Mirae Asset ELSS Tax Saver Fund
| Fund at a Glance | |
| NAV Growth | Rs 58.07 |
| NAV Bonus | — |
| NAV IDCW | Rs 31.80 |
| Min. Investment (Rs.) | 500 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 5 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 27,271 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.56% |
| 1 Year Return (%) | 9.98 |
| 3 Year Return (%) | 19.79 |
| 5 Year Return (%) | 18.93 |
| 10 Year Return (%) | — |
| Return Since Launch | 19.24% |
⚖️ Sahifund Review – Mirae Asset ELSS Tax Saver Fund
PLUS: Stability | Track record | Cost efficiency
Mirae Asset ELSS Tax Saver Fund has built a solid long-term track record, delivering ~19% returns since launch with disciplined equity investing. The fund balances tax-saving benefits with core equity exposure, making it a strong Section 80C option. Its low expense ratio of 0.56% enhances compounding for long-term investors. A well-diversified portfolio across large, mid and selective small caps reduces concentration risk. Reasonable valuation metrics (P/E ~20x) add comfort during volatile phases.
MINUS: Large AUM | Turnover | Relative underperformance vs top ELSS peers
With AUM above Rs. 27,000 crore, nimbleness may be limited in fast-moving markets. High portfolio churn can occasionally impact consistency. In strong bull phases, returns may trail more aggressive ELSS peers. The mandatory 3-year lock-in reduces flexibility.
Sahifund View (Decisive Line):
A dependable, low-cost ELSS fund ideal for tax-saving SIP investors seeking steady long-term wealth creation rather than short-term alpha.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.
Fund Manager:
1) Neelesh Surana
Education: Mr. Surana is B.E (Mechanical) and MBA in Finance.
Experience: Prior to joining Mirae Asset AMC he has worked with ASK Investment Managers Pvt Ltd.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | — |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details of Mirae Asset ELSS Tax Saver Fund
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | 28-Dec-15 |
| Return Since Launch | 19.24% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 27,271 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.56% |
| (As on 30-Nov-2025) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 107.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset ELSS Tax Saver Dir | 10.60 | -0.21 | 0.82 | 3.86 | 5.83 | 9.98 | 19.79 | 18.93 | 19.06 | — |
| BSE 500 TRI | 7.53 | -0.17 | 0.73 | 2.95 | 3.84 | 7.43 | 17.38 | 17.18 | 16.16 | — |
| Equity: ELSS | 4.72 | -0.21 | 0.38 | 1.86 | 2.99 | 4.73 | 19.19 | 18.22 | 16.90 | — |
| Rank within category | 3 | 21 | 12 | 8 | 4 | 6 | 11 | 12 | 7 | — |
| Number of funds in category | 39 | 40 | 40 | 40 | 40 | 39 | 34 | 33 | 30 | 27 |
Peer Comparison of Mirae Asset ELSS Tax Saver Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turn over (%) | |
| Mirae Asset ELSS Tax Saver Dir | 3 star | 9.98 | 19.79 | 18.93 | 0.56 | 27,271 | 19.24 | — | 9Y 11M | 107.00 |
| SBI ELSS Tax Saver Dir | 5 star | 6.48 | 25.68 | 22.67 | 0.92 | 32,327 | 16.43 | — | 12Y 11M | 12.00 |
| DSP ELSS Tax Saver Dir | 4 star | 8.28 | 22.05 | 21.00 | 0.66 | 17,570 | 17.8 | — | 12Y 11M | 35.00 |
| HDFC ELSS Tax Saver Dir | 5 star | 10.64 | 22.55 | 22.68 | 1.08 | 17,241 | 15.35 | — | 12Y 11M | 12.19 |
| Bandhan ELSS Tax Saver Dir | 4 star | 8.85 | 18.68 | 21.26 | 0.65 | 7,327 | 17.59 | — | 12Y 11M | 33.00 |
Portfolio Analysis of Mirae Asset ELSS Tax Saver Fund
| No. of Stocks | 75 |
| Top 10 Stocks | 41.70% |
| Top 5 Stocks | 27.22% |
| Top 3 Sectors | 62.20% |
| Portfolio P/B Ratio | 3.29 |
| Portfolio P/E Ratio | 20.07 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,05,209 | 2,12,744 |
| Giant (%) | 56.02 | 57.04 |
| Large (%) | 17.51 | 17.86 |
| Mid (%) | 20.95 | 22.09 |
| Small (%) | 5.53 | 7.17 |
| Tiny (%) | — | 0.16 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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