Mirae Asset ELSS Tax Saver Fund
Mirae Asset Elss Tax Saver Fund Growth invests mainly in stocks for long-term wealth growth.
What This Strategy Does
CW Expert Research Notes
Consistent Outperformance
The fund has delivered strong risk-adjusted returns since inception, outperforming 91% of peers and its benchmark by a significant margin, underpinned by disciplined stock selection and effective risk management.
Robust Investment Process
The strategy follows a disciplined growth-at-a-reasonable-price framework, combining quantitative screens and fundamental analysis to identify quality businesses with stable earnings, credible management, and attractive valuations.
Skilled Portfolio Management
The fund is managed by Neelesh Surana, a seasoned portfolio manager with over two decades of experience, supported by a stable and well-resourced investment team with deep sector expertise.
Performance and Risk Analysis
Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.
Fund Performance
Benchmark Performance Comparison
Risk Profile
Detailed Risks
Market Risk
Potential recession in India driven by slowing global growth could undermine consumer demand, impacting fund holdings in cyclical sectors like industrials and consumer discretionary.
Liquidity Risk
With 27.6% mid-cap exposure, market volatility or redemption spikes could strain liquidity, hindering rebalancing or exits, though large-cap tilt provides buffer.
Concentration Risk
Concentrated sector bets like financials or IT could amplify downside if regulatory changes or competitive pressures disrupt those industries, though diversification limits single-stock impact.
Specific Strategy Risk
Tax policy changes could diminish ELSS benefits, while earnings misses or governance lapses among holdings could impair performance, requiring rigorous monitoring and sell discipline.
Strategy Details
A closer look at the investment thesis, portfolio construction, and current holdings.
Core Investment Theme
Provides tax-efficient wealth creation through exposure to India's most resilient businesses across market cycles. These market leaders typically reinvest cash flows into sustainable competitive moats, translating into steady compounding with lower downside risk. The impact is predictable long-term growth with reduced volatility.
Broader Market View
Market Outlook
Why This Strategy is Attractive Now
Investment Style & Process
Investment Style
Why it Makes Sense
High-Level Investment Process
Portfolio Holdings Overview
Geographic Allocation
Top Stock Holdings
Fund House Management
The asset management company’s track record, AUM scale, and fund manager credentials.
Fund Manager Track Record
Neelesh Surana
Mr. Neelesh Surana has experience of 26 years. Manages 10 funds at Mirae Asset Investment Managers (India) Private Limited with an AUM of approximately ₹70,814 Cr Holds a M.B.A. degree.
26 years
Combined Team Experience
₹ 70,814 Cr
Assets Under Management
CW Expert Take
Mirae Asset brings global investment expertise to Indian markets. Their strength lies in thematic research and identifying structural growth trends early. The fund house combines quantitative frameworks with fundamental analysis, creating disciplined yet opportunistic strategies across market caps and asset classes.
Firm Overview
Investment Philosophy & Approach
Disciplined Approach
Mirae Asset follows a disciplined growth-at-reasonable-price investment philosophy.
Quality Focus
The fund house emphasizes investing in quality businesses with stable earnings.
Long-Term Orientation
Mirae Asset maintains a long-term capital allocation mindset.
Operational & Regulatory Details
What it costs to invest, transaction mechanics, and regulatory disclosures you should know.
Costs and Fees
Regulatory & Tax Information
LTCG | >1Year 12.5%% on gain above 1.25 Lakh
STCG | <1Year 20%%
Tax Implications (India)