Mirae Asset ELSS Tax Saver Fund - Regular Plan - Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Outperformed category benchmark in 62% of historical 3-year rolling periods.
- Cost-efficient: expense ratio of 1.94% is lower than category median (2.34%).
- Over 11 years of operational history across different market cycles.
- Experienced a maximum drawdown of -38.0% during severe market crashes.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +8.49% | +7.77% | +0.72% |
| 3 Months | -0.28% | +0.19% | -0.47% |
| 6 Months | +5.74% | +5.12% | +0.62% |
| 1 Year | +0.74% | +1.89% | -1.15% |
| 3 Years CAGR | +12.80% | +11.88% | +0.92% |
| 5 Years CAGR | +9.63% | +9.96% | -0.33% |
| 7 Years CAGR | +15.48% | +13.84% | +1.64% |
| 10 Years CAGR | +15.67% | +13.83% | +1.84% |
| Since Inception | +16.16% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in Mirae Asset ELSS Tax Saver Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | -0.12% | +1.20% | -1.32% |
| 2025 | +9.67% | +3.57% | +6.10% |
| 2024 | +17.23% | +19.98% | -2.75% |
| 2023 | +27.02% | +27.84% | -0.82% |
| 2022 | +0.15% | +2.11% | -1.96% |
| 2021 | +35.29% | +32.16% | +3.13% |
| 2020 | +21.54% | +17.88% | +3.66% |
| 2019 | +14.07% | +9.89% | +4.18% |
| 2018 | -2.27% | -6.42% | +4.15% |
| 2017 | +47.88% | +37.59% | +10.29% |
| 2016 | +14.80% | +3.19% | +11.61% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -29.35% | +18.30% | +13.31% | +110.02% | 85.3% | 64.4% |
| 3-Year Rolling | -2.84% | +16.98% | +17.47% | +35.11% | 99.6% | 61.5% |
| 5-Year Rolling | +7.63% | +17.94% | +18.49% | +29.62% | 100.0% | 87.3% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2020-01-16 | 2020-03-23 | -38.0% | 2 months | 7 months |
| 2021-10-18 | 2022-06-20 | -18.6% | 8 months | 12 months |
| 2024-09-26 | 2025-02-28 | -17.5% | 5 months | 8 months |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity and Equity Related Instruments: 80% to 100% Money market instruments and other liquid instruments^/ Units of Domestic Mutual Fund : 0% to 20% ^Other liquid instruments shall include cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, repo on Government securities and any other instruments as specified by the SEBI. The scheme may invest in the units of Overnight Fund, Money Market Fund & Liquid Fund (including Liquid ETFs) of Domestic Mutual Fund. | Per Scheme Mandate |
Investment Objective & Strategy
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
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 26,283 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as stretched relative to ELSS schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest ELSS Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| Edelweiss ELSS Tax Saver Fund | 4.7 | +13.15% | 2.56% | 101.0% | Rs 460 cr | Compare → |
| Tata ELSS Fund | 5.5 | +12.49% | 1.92% | 105.6% | Rs 4,634 cr | Compare → |
| quant ELSS Tax Saver Fund | 5.3 | +14.40% | 2.05% | 103.2% | Rs 13,714 cr | Compare → |
| CANARA ROBECO ELSS TAX SAVER FUND | 5.7 | +12.15% | 1.84% | 95.9% | Rs 8,844 cr | Compare → |
| BARODA BNP PARIBAS ELSS Tax Saver Fund | 7.2 | +14.56% | 2.44% | 99.2% | Rs 913 cr | Compare → |
Frequently Asked Questions about Mirae Asset ELSS Tax Saver Fund
What is the expense ratio of Mirae Asset ELSS Tax Saver Fund?
Mirae Asset ELSS Tax Saver Fund has a total expense ratio (TER) of 1.94% with a base expense ratio of 1.37%, compared to the ELSS category median of 2.34%.
Who manages Mirae Asset ELSS Tax Saver Fund?
Mirae Asset ELSS Tax Saver Fund is managed by Neelesh Surana (tenure: 10.9 years since 2015-12-28).
What are the historical returns of Mirae Asset ELSS Tax Saver Fund?
Mirae Asset ELSS Tax Saver Fund delivered a 3-year CAGR of 12.8% and a 5-year CAGR of 9.63%. Its 1-year return stands at +0.74%.
How large is Mirae Asset ELSS Tax Saver Fund?
Mirae Asset ELSS Tax Saver Fund manages assets of Rs 26,283 cr, placing it in the 'stretched' size band relative to ELSS peers.
How is Mirae Asset ELSS Tax Saver Fund scored on MFIQ?
Mirae Asset ELSS Tax Saver Fund holds an MFIQ Score of 5.5/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Mirae Asset ELSS Tax Saver Fund?
Mirae Asset ELSS Tax Saver Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 14.21% with a maximum historical drawdown of -37.97%.