Mirae Asset ELSS Tax Saver Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : ELSS

Scheme Objective

The investment objective of the scheme is to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.

Scheme Details

Fund manager(s) – Neelesh Surana
Launch date – 28-Dec-2015
Expense ratio – 0.57% as declared on 30-Sep-2025 (category average is 0.88%)
Benchmark - Nifty 500 TRI

Min SIP amount - ₹
Min investment amount (one time- first time) - ₹
Min investment amount (addtional purchase) - ₹
Type : Open Ended Fund. You can invest any time in this fund.

Exit Load

Data not available.

Asset Monitor

Total AUM for this Scheme (Cr)

Category Total AUM (Cr)

% of Assets in Category

2025

25910.64

0.00

0.00%

Sep - 2025	25910.64	0.00%
Aug - 2025	25562.27	0.00%
Jul - 2025	26075.63	0.00%
Jun - 2025	26537.48	0.00%
May - 2025	25567.42	0.00%
Apr - 2025	24774.08	0.00%
Mar - 2025	23945.24	0.00%
Feb - 2025	22411.17	0.00%
Jan - 2025	24007.47	0.00%

2024

25021.22

0.00

0.00%

Dec - 2024	25021.22	0.00	0.00%
Nov - 2024	25315.16	0.00	0.00%
Oct - 2024	24895.71	0.00	0.00%
Sep - 2024	26417.64	0.00	0.00%
Aug - 2024	26041.77	0.00	0.00%
Jul - 2024	25617.49	0.00	0.00%
Jun - 2024	24345.83	0.00	0.00%
May - 2024	22620.57	223106.14	10.14%
Apr - 2024	22471.76	221637.55	10.14%
Mar - 2024	21475.97	212968.51	10.08%
Feb - 2024	21301.58	208593.74	10.21%
Jan - 2024	20949.94	203644.64	10.29%

2023

20430.78

199534.21

10.24%

Dec - 2023	20430.78	199534.21	10.24%
Nov - 2023	18842.81	187272.41	10.06%
Oct - 2023	17531.53	174383.90	10.05%
Sep - 2023	17985.39	178976.97	10.05%
Aug - 2023	17630.50	175399.72	10.05%
Jul - 2023	17418.71	175666.64	9.92%
Jun - 2023	16633.98	169734.76	9.80%
May - 2023	15837.70	162430.51	9.75%
Apr - 2023	15218.19	156596.22	9.72%
Mar - 2023	14448.50	149645.93	9.66%
Feb - 2023	14043.25	148242.90	9.47%
Jan - 2023	14042.04	149392.61	9.40%

2022

14020.27

152764.67

9.18%

Dec - 2022	14020.27	152764.67	9.18%
Nov - 2022	14255.39	156759.27	9.09%
Oct - 2022	13546.14	153322.29	8.84%
Sep - 2022	12924.97	147591.21	8.76%
Aug - 2022	13148.39	151685.51	8.67%
Jul - 2022	12615.16	146051.81	8.64%
Jun - 2022	11494.59	132537.89	8.67%
May - 2022	11805.38	139007.48	8.49%
Apr - 2022	11962.66	144213.40	8.30%
Mar - 2022	11790.17	145624.48	8.10%
Feb - 2022	10802.01	138806.70	7.78%
Jan - 2022	10971.85	144635.86	7.59%

2021

10660.11

145783.16

7.31%

Dec - 2021	10660.11	145783.16	7.31%
Nov - 2021	10086.74	142356.14	7.09%
Oct - 2021	10145.72	146098.30	6.94%
Sep - 2021	9831.97	145356.40	6.76%
Aug - 2021	9400.59	141840.66	6.63%
Jul - 2021	8739.30	134683.48	6.49%
Jun - 2021	8337.52	131689.99	6.33%
May - 2021	7939.53	128774.29	6.17%
Apr - 2021	7251.32	121579.80	5.96%
Mar - 2021	6934.49	121114.97	5.73%
Feb - 2021	6350.79	118836.61	5.34%
Jan - 2021	5647.90	110639.78	5.10%

2020

5489.29

113760.32

4.83%

Dec - 2020	5489.29	113760.32	4.83%
Nov - 2020	5044.49	106924.67	4.72%
Oct - 2020	4462.58	96223.64	4.64%
Sep - 2020	4270.45	94117.27	4.54%
Aug - 2020	4181.07	94958.88	4.40%
Jul - 2020	3857.79	90817.36	4.25%
Jun - 2020	3537.62	86390.81	4.09%
May - 2020	3141.47	80076.00	3.92%
Apr - 2020	3184.25	81740.65	3.90%
Mar - 2020	2670.52	71591.70	3.73%
Feb - 2020	3281.58	92355.61	3.55%
Jan - 2020	3292.88	96718.12	3.40%

Tax Rate

You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakhs in a financial year. Any cess/surcharge is not included. However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).

Contact Details

Mirae Asset Investment Managers (India) Pvt. Ltd.

Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), MUMBAI 400098
Tel no.: 022-67800300
Fax no.: 022-67253942
Website.: www.miraeassetmf.co.in

Forum

NITINPIMPALE
MF Investment Help
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14 days ago

purchase unit will adjust difference in NAV 10.263 View more

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  purchase unit will adjust difference in NAV 10.263
  
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krishna_ksvs
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26 days ago

View more

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The Fixed Income
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2 hrs ago

Build Steady Wealth with a Trusted PSU Bond! 9.35% TELANGANA STATE INDUSTRIAL INFRASTRUCTURE CORPORATION LIMITED 2033 ✔️ Coupon: 9.35% ✔️ Rating: India Ratings AA(CE) Stable, Acuite (SMERA) AA(CE) Stable ✔️ Tenor: 8y 2m (Maturity: 30/Dec/2033) Enjoy the dual benefits of strong credit quality and high fixed returns. Senior Secured | PSU Bond | High Return Bond | Listed ???? Explore on The Fixed Income: https://www.thefixedincome.com/product/dVJldVl3PT0=/935-telangana-state-industrial-infrastructure-corporation-limited-2033?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list View more

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  Build Steady Wealth with a Trusted PSU Bond! 9.35% TELANGANA STATE INDUSTRIAL INFRASTRUCTURE CORPORATION LIMITED 2033 ✔️ Coupon: 9.35% ✔️ Rating: India Ratings AA(CE) Stable, Acuite (SMERA) AA(CE) Stable ✔️ Tenor: 8y 2m (Maturity: 30/Dec/2033) Enjoy the dual benefits of strong credit quality and high fixed returns. Senior Secured | PSU Bond | High Return Bond | Listed ???? Explore on The Fixed Income: https://www.thefixedincome.com/product/dVJldVl3PT0=/935-telangana-state-industrial-infrastructure-corporation-limited-2033?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list
  
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shravanashok
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77 days ago

need your suggestion for sbi psu fund direct growth stay or switch View more

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  need your suggestion for sbi psu fund direct growth stay or switch
  
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ravisistla
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90 days ago

Dividend last declared by SBI Long Term Equity Fund - regular Plan -IDCW was in the year 2022. Is there any specific reason given by fund managers for non declaration of dividend. Please let me know. View more

Posted by : ravisistla
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  Dividend last declared by SBI Long Term Equity Fund - regular Plan -IDCW was in the year 2022. Is there any specific reason given by fund managers for non declaration of dividend. Please let me know.
  
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sunny85deol
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127 days ago

Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV. View more

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  Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV.
  
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