Mirae Asset ELSS Tax Saver Fund
ELSSVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹48.74-2.58%1 day
- Return since launch
- 16.2%
- 52-week range
- ₹43.57 — ₹51.45
- AUM
- ₹26,428 Cr
Mirae Asset ELSS Tax Saver Fund is a ELSS equity fund from Mirae Asset Mutual Fund with ₹26,428 Cr under management, launched in 2015. Over three years it has returned 4.8% a year, against 10.3% for its category. The expense ratio is 1.98% and the SEBI riskometer reading is Very High.
Performance
Mirae Asset ELSS Tax Saver Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -0.6% against -2.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -3.0% | −1.4 pts | -1.5% | -3.3% |
| 2Y | 1.4% | +1.1 pts | 0.3% | -0.8% |
| 3Y | 4.8% | −5.6 pts | 10.3% | 2.5% |
| 5Y | 9.7% | 0.0 pts | 9.7% | 8.3% |
| 7Y | 13.3% | +0.3 pts | 13.0% | 11.6% |
| 10Y | 14.1% | +1.6 pts | 12.5% | 11.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.5% | −0.7 pts | -3.8% | -4.3% |
| 3M | -2.4% | −1.1 pts | -1.3% | -1.7% |
| 6M | 6.7% | −0.1 pts | 6.8% | 5.7% |
| 1Y | -0.6% | +0.9 pts | -1.5% | -2.3% |
| 2Y | -1.3% | +1.9 pts | -3.2% | -3.9% |
| 3Y | 10.9% | +0.5 pts | 10.3% | 9.2% |
| 5Y | 9.1% | −0.5 pts | 9.7% | 8.6% |
| 7Y | 15.5% | +0.9 pts | 14.6% | 12.5% |
| 10Y | 15.0% | +2.5 pts | 12.5% | 10.8% |
Since launch (20 Nov 2015): 16.2%
Calendar-year returns
Category average21.5%
35.3%
0.1%
27.0%
17.1%
9.7%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 9.7% | +5.2 pts | 4.5% |
| 2024 | 17.1% | −3.2 pts | 20.3% |
| 2023 | 27.0% | −4.8 pts | 31.8% |
| 2022 | 0.1% | −3.3 pts | 3.5% |
| 2021 | 35.3% | −4.6 pts | 39.9% |
| 2020 | 21.5% | +2.9 pts | 18.7% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.95%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.37%
- Brokerage
- 0.10%
- Transaction charges
- 0.01%
- Statutory levies
- 0.47%
- Exit load
- 0%
- Lock-in
- 3 years
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 0.74 | 4.67 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.00 | 1.08 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.50 | 0.67 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.61 | 0.90 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.39 | 17.94 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Mirae Asset ELSS Tax Saver Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity99.3%
- Debt0.0%
- Other0.7%
Market cap split
- Large57.0%
- Mid23.4%
- Small19.6%
- P/E
- 22.80
- P/B
- 3.04
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 8.43% | ₹2,227 Cr | +9.16% | +9.71% | +9.55% |
| ICICI Bank Ltd. | Financial | 5.32% | ₹1,406 Cr | +4.79% | +5.09% | +4.65% |
| Reliance Industries Ltd. | Energy | 4.35% | ₹1,151 Cr | +4.06% | +3.04% | +3.54% |
| Laurus Labs Ltd. | Healthcare | 4.31% | ₹1,140 Cr | +3.65% | +2.70% | +1.50% |
| State Bank of India | Financial | 4.03% | ₹1,064 Cr | +4.01% | +4.38% | +4.23% |
| Axis Bank Ltd. | Financial | 3.62% | ₹956 Cr | +3.06% | +3.97% | +4.28% |
| PB Fintech Ltd. | Services | 3.27% | ₹865 Cr | +2.74% | +2.30% | +1.34% |
| Bharti Airtel Ltd. | Communication | 2.74% | ₹725 Cr | +2.57% | +2.20% | +1.59% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.38% | ₹629 Cr | +2.56% | +1.42% | +1.49% |
| Delhivery Ltd. | Services | 2.29% | ₹606 Cr | +2.80% | +2.79% | +1.93% |
| Infosys Ltd. | Technology | 2.22% | ₹586 Cr | +2.54% | +3.35% | +4.12% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 2.13% | ₹563 Cr | +2.40% | +2.15% | +1.52% |
| Indusind Bank Ltd. | Financial | 2.10% | ₹555 Cr | +2.74% | +2.77% | +1.26% |
| Hindalco Industries Ltd. | Metals & Mining | 1.96% | ₹518 Cr | +0.01% | +0.05% | +0.26% |
| SBI Life Insurance Company Ltd. | Insurance | 1.87% | ₹493 Cr | +1.72% | +0.02% | +0.92% |
| Steel Authority Of India Ltd. | Metals & Mining | 1.84% | ₹486 Cr | +1.41% | +1.28% | +0.41% |
| Maruti Suzuki India Ltd. | Automobile | 1.83% | ₹484 Cr | 0.00% | 0.00% | +2.47% |
| Equitas Small Finance Bank Ltd. | Financial | 1.75% | ₹462 Cr | +1.16% | +1.03% | +0.83% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 1.69% | ₹448 Cr | +0.30% | — | — |
| ITC Ltd. | Consumer Staples | 1.69% | ₹447 Cr | +2.54% | +2.69% | +3.62% |
| Tata Communications Ltd. | Communication | 1.65% | ₹436 Cr | +2.56% | +1.76% | +0.33% |
| Interglobe Aviation Ltd. | Services | 1.56% | ₹414 Cr | +1.18% | +1.71% | +1.29% |
| Mahindra & Mahindra Ltd. | Automobile | 1.52% | ₹401 Cr | +1.27% | 0.00% | +1.86% |
| Swiggy Ltd. | Services | 1.50% | ₹396 Cr | +1.51% | +1.35% | +1.58% |
| Ceat Ltd. | Automobile | 1.47% | ₹388 Cr | +1.45% | +1.53% | +1.39% |
| Tata Consultancy Services Ltd. | Technology | 1.41% | ₹372 Cr | +1.63% | +2.80% | +3.41% |
| Divi's Laboratories Ltd. | Healthcare | 1.40% | ₹371 Cr | +0.21% | +0.27% | +1.26% |
| Larsen & Toubro Ltd. | Construction | 1.34% | ₹354 Cr | +1.26% | +2.63% | +2.49% |
| FSN E-Commerce Ventures Ltd. | Services | 1.33% | ₹353 Cr | +1.67% | +1.25% | +0.69% |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 1.31% | ₹345 Cr | +1.20% | +1.20% | — |
| SKF India (Industrial) Ltd. | Capital Goods | 1.27% | ₹337 Cr | +0.99% | +1.07% | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 1.27% | ₹335 Cr | +1.57% | +1.12% | — |
| Prestige Estates Projects Ltd. | Construction | 1.25% | ₹331 Cr | +1.76% | +1.63% | +1.29% |
| Hero Motocorp Ltd. | Automobile | 1.21% | ₹321 Cr | +0.51% | — | — |
| Tata Power Company Ltd. | Energy | 1.20% | ₹318 Cr | +1.18% | +1.28% | +0.96% |
| Go Digit General Insurance Ltd. | Insurance | 1.20% | ₹317 Cr | +1.48% | +1.53% | +1.41% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 1.18% | ₹311 Cr | +1.11% | +1.70% | +0.88% |
| company:14136 | Healthcare | 1.10% | ₹291 Cr | — | — | — |
| Bharat Forge Ltd. | Automobile | 1.04% | ₹276 Cr | +1.39% | +1.83% | +0.91% |
| Bharat Petroleum Corporation Ltd. | Energy | 1.04% | ₹276 Cr | +0.87% | +0.01% | +0.85% |
| Ambuja Cements Ltd. | Materials | 0.94% | ₹248 Cr | +1.96% | +1.82% | +1.23% |
| Gland Pharma Ltd. | Healthcare | 0.94% | ₹247 Cr | +2.11% | +1.66% | +1.43% |
| SKF India Ltd. | Capital Goods | 0.93% | ₹245 Cr | +1.02% | +1.05% | +1.23% |
| Bata India Ltd. | Consumer Discretionary | 0.93% | ₹245 Cr | +0.95% | +1.08% | +0.99% |
| Sapphire Foods India Ltd. | Services | 0.84% | ₹223 Cr | +0.27% | — | — |
| Greenply Industries Ltd. | Materials | 0.82% | ₹216 Cr | +0.73% | +0.63% | +0.90% |
| Gujarat Energy Ltd. | Energy | 0.80% | ₹212 Cr | +1.37% | +0.23% | +0.24% |
| Gujarat Fluorochemicals Ltd. | Chemicals | 0.79% | ₹209 Cr | +1.27% | +0.41% | — |
| KFin Technologies Ltd. | Financial | 0.78% | ₹207 Cr | — | — | — |
| Others | Others | 0.72% | ₹192 Cr | +0.66% | -0.22% | -0.65% |
| Timken India Ltd. | Capital Goods | 0.61% | ₹161 Cr | +0.86% | +0.80% | +0.47% |
| Kotak Mahindra Bank Ltd. | Financial | 0.56% | ₹147 Cr | +0.70% | +0.74% | +0.58% |
| Ola Electric Mobility Ltd. | Automobile | 0.54% | ₹143 Cr | +0.50% | +0.23% | +0.50% |
| Oil And Natural Gas Corporation Ltd. | Energy | 0.50% | ₹133 Cr | +0.55% | +0.03% | 0.00% |
| company:5932 | Consumer Staples | 0.45% | ₹119 Cr | — | — | — |
| company:2717 | Chemicals | 0.44% | ₹116 Cr | — | — | — |
| Tata Steel Ltd. | Metals & Mining | 0.40% | ₹105 Cr | +0.11% | +1.13% | +1.70% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 0.36% | ₹95.92 Cr | +1.24% | +1.81% | +1.12% |
| Eternal Ltd. | Services | 0.33% | ₹87.58 Cr | +0.97% | +2.82% | +0.90% |
| Prince Pipes and Fittings Ltd. | Materials | 0.24% | ₹62.95 Cr | +0.22% | +0.21% | +0.27% |
| Capillary Technologies India Ltd. | Technology | 0.23% | ₹59.67 Cr | +0.68% | +0.66% | — |
| Wockhardt Ltd. | Healthcare | 0.19% | ₹49.50 Cr | +0.65% | +0.69% | — |
| Gateway Distriparks Ltd. | Services | 0.18% | ₹48.38 Cr | +0.21% | +0.21% | +0.25% |
| GSPL Transmission Ltd. | Energy | 0.16% | ₹43.39 Cr | — | — | — |
| Tata Motors Ltd. | Automobile | 0.07% | ₹19.17 Cr | +0.11% | +0.14% | — |
| Grasim Industries Ltd. | Materials | 0.07% | ₹17.46 Cr | +0.06% | +0.22% | +0.03% |
| Power Finance Corporation Ltd. | Financial | 0.03% | ₹8.26 Cr | +0.78% | +0.64% | +0.62% |
| Multi Commodity Exchange Of India Ltd. | Services | 0.02% | ₹6.29 Cr | +0.01% | +0.28% | +1.02% |
| Titan Company Ltd. | Consumer Discretionary | 0.02% | ₹5.21 Cr | +0.75% | +0.78% | +0.72% |
| Mirae Asset Liquid Fund Direct- Growth | Unclassified | 0.00% | ₹0.00 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:14136 | 0.00% | 1.10% | +1.10% |
| Divi's Laboratories Ltd. | 0.51% | 1.40% | +0.89% |
| HDFC Asset Management Company Ltd. | 0.55% | 0.00% | -0.55% |
| Hindalco Industries Ltd. | 1.46% | 1.96% | +0.50% |
| HDFC Bank Ltd. | 8.91% | 8.43% | -0.48% |
| PB Fintech Ltd. | 2.80% | 3.27% | +0.47% |
| Wockhardt Ltd. | 0.64% | 0.19% | -0.45% |
| company:5932 | 0.00% | 0.45% | +0.45% |
| Tata Consultancy Services Ltd. | 1.85% | 1.41% | -0.45% |
| company:2717 | 0.00% | 0.44% | +0.44% |
| Tata Motors Passenger Vehicles Ltd. | 0.80% | 0.36% | -0.43% |
| Gland Pharma Ltd. | 1.33% | 0.94% | -0.40% |
| ITC Ltd. | 2.03% | 1.69% | -0.34% |
| KFin Technologies Ltd. | 0.51% | 0.78% | +0.27% |
| SBI Life Insurance Company Ltd. | 2.14% | 1.87% | -0.27% |
| Multi Commodity Exchange Of India Ltd. | 0.28% | 0.02% | -0.25% |
| Infosys Ltd. | 2.47% | 2.22% | -0.25% |
| Laurus Labs Ltd. | 4.56% | 4.31% | -0.24% |
| Steel Authority Of India Ltd. | 1.60% | 1.84% | +0.24% |
| Crompton Greaves Consumer Electricals Ltd. | 2.35% | 2.13% | -0.22% |
| Apollo Hospitals Enterprise Ltd. | 0.96% | 1.18% | +0.21% |
| Axis Bank Ltd. | 3.43% | 3.62% | +0.19% |
| Sapphire Foods India Ltd. | 0.67% | 0.84% | +0.18% |
| SKF India (Industrial) Ltd. | 1.11% | 1.27% | +0.16% |
| FSN E-Commerce Ventures Ltd. | 1.49% | 1.33% | -0.15% |
| Lenskart Solutions Ltd. | 1.13% | 1.27% | +0.14% |
| Delhivery Ltd. | 2.43% | 2.29% | -0.13% |
| Tata Power Company Ltd. | 1.32% | 1.20% | -0.12% |
| Others | 0.31% | 0.43% | +0.12% |
| Vedanta Aluminium Metal Ltd. | 1.81% | 1.69% | -0.12% |
| Reliance Industries Ltd. | 4.47% | 4.35% | -0.11% |
| Gujarat Energy Ltd. | 0.90% | 0.80% | -0.10% |
| Tata Steel Ltd. | 0.30% | 0.40% | +0.10% |
| Gujarat Fluorochemicals Ltd. | 0.88% | 0.79% | -0.09% |
| Prestige Estates Projects Ltd. | 1.34% | 1.25% | -0.08% |
| Bharti Airtel Ltd. | 2.66% | 2.74% | +0.08% |
| State Bank of India | 4.11% | 4.03% | -0.08% |
| Canara HSBC Life Insurance Company Ltd. | 1.23% | 1.31% | +0.08% |
| Ambuja Cements Ltd. | 1.01% | 0.94% | -0.07% |
| ICICI Bank Ltd. | 5.26% | 5.32% | +0.06% |
| Mahindra & Mahindra Ltd. | 1.57% | 1.52% | -0.06% |
| Bharat Forge Ltd. | 1.09% | 1.04% | -0.05% |
| Tata Motors Ltd. | 0.12% | 0.07% | -0.04% |
| SKF India Ltd. | 0.88% | 0.93% | +0.04% |
| Kotak Mahindra Bank Ltd. | 0.52% | 0.56% | +0.04% |
| Maruti Suzuki India Ltd. | 1.80% | 1.83% | +0.04% |
| Tata Communications Ltd. | 1.69% | 1.65% | -0.04% |
| Larsen & Toubro Ltd. | 1.31% | 1.34% | +0.03% |
| Ola Electric Mobility Ltd. | 0.51% | 0.54% | +0.03% |
| Capillary Technologies India Ltd. | 0.25% | 0.23% | -0.03% |
| Eternal Ltd. | 0.31% | 0.33% | +0.03% |
| Oil And Natural Gas Corporation Ltd. | 0.53% | 0.50% | -0.02% |
| Prince Pipes and Fittings Ltd. | 0.21% | 0.24% | +0.02% |
| Gateway Distriparks Ltd. | 0.21% | 0.18% | -0.02% |
| Bata India Ltd. | 0.95% | 0.93% | -0.02% |
| Swiggy Ltd. | 1.52% | 1.50% | -0.02% |
| Interglobe Aviation Ltd. | 1.55% | 1.56% | +0.02% |
| Greenply Industries Ltd. | 0.80% | 0.82% | +0.01% |
| Go Digit General Insurance Ltd. | 1.19% | 1.20% | +0.01% |
| Hero Motocorp Ltd. | 1.20% | 1.21% | +0.01% |
| Sun Pharmaceutical Industries Ltd. | 2.39% | 2.38% | -0.01% |
| Bharat Petroleum Corporation Ltd. | 1.03% | 1.04% | +0.01% |
| Power Finance Corporation Ltd. | 0.04% | 0.03% | -0.01% |
| Ceat Ltd. | 1.48% | 1.47% | -0.01% |
| Equitas Small Finance Bank Ltd. | 1.74% | 1.75% | +0.01% |
| Grasim Industries Ltd. | 0.06% | 0.07% | +0.01% |
| Indusind Bank Ltd. | 2.10% | 2.10% | 0.00% |
| Titan Company Ltd. | 0.02% | 0.02% | 0.00% |
| Timken India Ltd. | 0.61% | 0.61% | 0.00% |
| GSPL Transmission Ltd. | 0.16% | 0.16% | 0.00% |
| Mirae Asset Liquid Fund Direct- Growth | 0.00% | 0.00% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,116 Cr | 2.38% | 9.0% | 8.9% | 14.6% |
 Motilal Oswal ELSS Tax Saver Fund | ₹5,134 Cr | 2.08% | 17.2% | 12.9% | 18.3% |
 HSBC ELSS Tax saver Fund | ₹4,229 Cr | 1.99% | 5.7% | 8.3% | 13.2% |
 WhiteOak Capital ELSS Tax Saver Fund | ₹507 Cr | 2.59% | 2.8% | 7.1% | — |
 ITI ELSS Tax Saver Fund | ₹463 Cr | 2.57% | 6.8% | 6.9% | 12.9% |
 JM ELSS - Tax Saver Fund | ₹248 Cr | 2.69% | 12.5% | 9.3% | 14.1% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.
Fund managers
- Neelesh SuranaMr. Surana is B.E (Mechanical) and MBA in Finance.Prior to joining Mirae Asset AMC he has worked with ASK Investment Managers Pvt Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months6.72% absolute | ₹60,000 | ₹64,032 | 6.72% | |
| 1 year−0.63% annualised | ₹1,20,000 | ₹1,19,591 | −0.34% | |
| 3 years10.89% annualised | ₹3,60,000 | ₹4,27,363 | 18.71% | |
| 5 years9.14% annualised | ₹6,00,000 | ₹7,62,785 | 27.13% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Mirae Asset ELSS Tax Saver Fund?
The NAV of Mirae Asset ELSS Tax Saver Fund is ₹48.74 as on 24 Sep 2026.
What is the expense ratio of Mirae Asset ELSS Tax Saver Fund?
The expense ratio of Mirae Asset ELSS Tax Saver Fund is 1.98% per year.
What is the minimum SIP amount for Mirae Asset ELSS Tax Saver Fund?
You can start a SIP in Mirae Asset ELSS Tax Saver Fund with ₹3,000 a month.
What returns has Mirae Asset ELSS Tax Saver Fund given?
Mirae Asset ELSS Tax Saver Fund has returned -3.0% over 1 year, 4.8% over 3 years and 9.7% over 5 years (annualised).
Is there a lock-in or exit load on Mirae Asset ELSS Tax Saver Fund?
Lock-in: 3 years. Exit load: 0%.
How risky is Mirae Asset ELSS Tax Saver Fund?
Mirae Asset ELSS Tax Saver Fund is rated Very High on the SEBI riskometer and belongs to the ELSS category.
Which fund house manages Mirae Asset ELSS Tax Saver Fund?
Mirae Asset ELSS Tax Saver Fund is managed by Mirae Asset Mutual Fund, which runs 52 schemes with ₹2,32,232 Cr under management.