Mirae Asset ELSS Tax Saver Gr

All Cap

Equity

India Tax Saver

Others

Tax Saver

Emotionally driven

Investor Profile

1–7 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

Mirae Asset Elss Tax Saver Fund Growth invests mainly in stocks for long-term wealth growth.

What This Strategy Does

Mirae Asset ELSS Tax Saver Fund is an equity fund which captures India's ₹2.5 trillion tax-saving opportunity through a disciplined growth-at-a-reasonable-price approach, deploying capital across financials, consumer cyclicals, and healthcare to achieve broad-based earnings growth.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

2.2% AnnuallyAlpha

+12.6% vs +9.5% benchmarkSince Inception

+10.3% vs +5.7% benchmark3Y Annualized

+8.0% vs +4.7% benchmark5Y Annualized

Mirae Asset ELSS Tax Saver Gr

Benchmark Index

Benchmark Performance Comparison

Mirae Asset Tax Saver Fund

NIFTY 50

Given the product’s limited performance history, the assessment considers the fund house’s track record and the historical performance of comparable strategies managed by the same fund house, which follow similar investment approaches. Such comparisons provide historical context only and do not represent the performance of the new product or indicate its future returns.

Risk Profile

Standard Deviation18.2%

Maximum Drawdown-16.5% | Oct 2024

Sharpe Ratio0.15

Beta1.04

Upside Capture99%

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.

Portfolio Holdings Overview

SectoralAllocation

Capital Goods18.58%

Services17.31%

Consumers16.38%

Financial Services33.8%

Utilities2.03%

Energy & Infra7.22%

Technology4.68%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

HDFC Bank LtdFinancial Services8.43%

ICICI Bank LtdFinancial Services5.32%

Reliance Industries LtdEnergy & Infra4.35%

Laurus Labs LtdServices4.31%

State Bank of IndiaFinancial Services4.03%

Axis Bank LtdFinancial Services3.62%

PB Fintech LtdFinancial Services3.27%

Bharti Airtel LtdServices2.74%

Sun Pharmaceuticals Industries LtdServices2.38%

Delhivery LtdCapital Goods2.29%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Neelesh Surana

Lead Portfolio Manager

Mr. Neelesh Surana has experience of 27 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.

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.

27 years

Combined Team Experience

₹ 70,814 Cr

Assets Under Management

Firm Overview

AMCMirae Asset Investment Managers (India) Private Limited

Total AUM₹2,17,680.38 Cr

Investment Professionals49+

Global Offices250 Cities

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Costs and Fees

Total Expense Ratio (TER)1.98%

Regulatory & Tax Information

INF769K01DK3

ISIN

DailyDealing Frequency

BSE 500 India TR INRBenchmark

LTCG | >1Year 12.5%% on gain above 1.25 Lakh

STCG | <1Year 20%%

Tax Implications (India)