Investment Objective and Approach

The Mirae Asset ELSS Tax Saver Fund aims to generate long-term capital appreciation while offering tax benefits under Section 80C of the Income Tax Act, 1961. The scheme is an open-ended equity linked saving scheme with a statutory lock-in of 3 years and tax benefit, with the investment objective of generating long-term capital appreciation.

Investment Strategy:

- Bottom-up approach to investment with focus on companies delivering visible and sustainable earning growth, and which are available at reasonable valuations

- Follows Mirae Asset's Equity investment philosophy of selecting businesses based on Large Market Opportunity, Sustainable Competitive Advantages, ROI and run by management with good Corporate Governance & thought leadership

- Flexibility to invest across market capitalization, theme and investment styles

- Diversified portfolio of strong growth companies at reasonable price

- The Fund Manager will try to have a large base of stocks in the portfolio to avoid concentration risk and liquidity risk

Key Features:

- Long term capital gains of up to Rs 100,000 in ELSS Funds in a financial year, is tax exempt and taxed at 10% only thereafter

- Investors can save up to Rs 46,800 in Income tax but also create wealth over sufficiently long investment tenures for meeting long term financial goals

Fund Managers

Neelesh Surana has been managing the fund since inception. Mr. Surana is Chief Investment Officer at Mirae Asset Investment Managers (India) Private Limited. He joined Mirae Asset in 2008.

Professional Background:

- Engineering graduate with MBA in Finance, he has over 32 years of experience in equity research and portfolio management

- In his capacity as CIO, Neelesh spearheads the research and fund management function

- Has about 24 years of experience in financial services including fund management. Before Mirae Asset Mutual Fund, Neelesh was the Senior Portfolio Manager at ASK Investment Managers Pvt Ltd

- Oversees equity funds with combined AUM of over ₹60,000 Cr—including ELSS and Large & Midcap schemes

About the Fund House (AMC)

Mirae Asset Investment Managers (India) Private Limited is a subsidiary of Mirae Asset Global Investments, a South Korean asset management company.

Company Overview:

- Mirae Asset Mutual Fund is a South Korea based mutual fund house. It is headquartered in Seoul

- Mirae Asset Mutual Fund is one of the fastest-growing fund houses in India

- Its parent company is Mirae Asset Global Investments Co. Limited, it is also the sponsor of the fund house

- The fund house entered the Indian mutual fund fore in the year 2007

- Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, the Mirae Asset Global Investments, commenced operation in 1997 and has expanded its business globally in a relatively short span of time

Current Statistics (as of August 2025):

- AUM ₹202,661.53 Cr

- Number of Schemes 143

Should I Invest in Mirae Asset ELSS Tax Saver Fund?

Who Should Consider This Fund:

- Investors seeking tax benefits under Section 80C while building long-term wealth

- Those with investment horizon of 5+ years (mandatory 3-year lock-in)

- Investors comfortable with equity market volatility

- Investors who want to save taxes under Section 80C of income tax act 1961, who aim for capital appreciation over a long investment horizon, who have twin objectives – achieving long term goals while saving taxes on investments made, and who can remain invested for minimum 3-5 years

Performance Highlights:

- Returns since inception: 17.72% p.a. as of Aug 14, 2025

- Over the past five years, has delivered an annualised return of 21.22% as of 17-Aug-2025

- The 1-year, 3-year and 5-year returns of this fund were 3.06, 15.60 and 21.22 respectively

Investment Details:

- Minimum investment required is ₹500 for the lump sum option and ₹500 for the SIP

- AUM (Fund size) ₹26,537.48 Crore as of August 2025

- Expense ratio of 1.55

- Lock-in period: 3 years

FAQs

What is today's NAV of Mirae Asset ELSS Tax Saver Fund?

The latest NAV is ₹48.11 as of Aug 14, 2025 for the Regular Plan. For the Direct Plan, the latest NAV is ₹54.569 as on 06 Aug 2025.

What is the AUM of Mirae Asset ELSS Tax Saver Fund?

The fund has an AUM of ₹26,537.48 Crore as of August 2025.

What is the expense ratio of Mirae Asset ELSS Tax Saver Fund?

The fund has an expense ratio of 1.55 for Regular Plan. For Direct Plan, the expense ratio is 0.60 as of 26th May 2025.

What are the returns of Mirae Asset ELSS Tax Saver Fund since inception?

The fund has delivered returns of 17.72% p.a. since inception as of Aug 14, 2025.

What is the minimum SIP amount to invest in Mirae Asset ELSS Tax Saver Fund?

The minimum SIP amount is ₹500 to start investing in this fund.

How do I invest in Mirae Asset ELSS Tax Saver Fund?

You can invest through Allvest by creating an account, completing KYC, selecting the fund, choosing investment amount and mode (SIP/Lumpsum), and making payment online.

How to start a SIP in Mirae Asset ELSS Tax Saver Fund?

Through Allvest, log in to your account, select the fund, choose SIP option, set monthly amount (minimum ₹500), select date, and authorize auto-debit from your bank account.

How do I automate an SIP in Mirae Asset ELSS Tax Saver Fund?

Set up a bank mandate through Allvest which will automatically deduct the SIP amount on your chosen date each month, ensuring uninterrupted investments without manual intervention.

How can I withdraw/redeem my investment in Mirae Asset ELSS Tax Saver Fund?

The fund has a lock-in period of 3 years. After completion of 3 years, you can redeem through Allvest by submitting redemption request online or through customer service.