Sushil Bajaj |
📅 Last Updated on: November 28, 2025
The Mirae Asset Tax Saver Fund is an Equity Linked Savings Scheme (ELSS) designed to offer long-term capital appreciation along with tax benefits under Section 80C. The fund invests in a diversified portfolio of predominantly equity and equity-related instruments, aiming to deliver growth while allowing investors to reduce taxable income by up to ₹1.5 lakh as permitted under ELSS rules
An ELSS (Equity Linked Savings Scheme) is a mutual fund category that:
The uploaded document confirms that this fund qualifies as an ELSS, allowing eligible investors to claim tax deductions under Section 80C up to ₹1,50,000, subject to applicable conditions
| Parameter | Details |
|---|---|
| Fund Name | Mirae Asset Tax Saver Fund |
| Category | ELSS (Equity Linked Savings Scheme) |
| Investment Objective | Long-term capital appreciation from a diversified equity-focused portfolio |
| Benchmark (Tier 1) | Nifty 500 TRI |
| Benchmark (Tier 2) | Nifty 200 TRI |
| Fund Manager | Mr. Neelesh Surana (Since Dec 28, 2015) |
| Risk Level | High (as per scheme disclosures) |
| Minimum Investment | ₹500 (and multiples of ₹500 thereafter) |
| Exit Load | None (Lock-in of 3 years applies) |
The fund aims “to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments.”
The scheme does not guarantee or assure returns
Flexibility to invest across market capitalization, theme and investment styles.
Bottoms-up approach: Driven by value investing in growth-oriented businesses.
Diversified portfolio across stocks and sectors.
Value investing in growth oriented businesses
The scheme tracks a dual benchmark structure:
The rationale is that the fund invests across market caps and sectors, and these benchmarks represent a broad universe of Indian equities, aligning with the fund strategy
The fund follows a diversified equity strategy with:
The investment manager selects stocks using a bottom-up, stock-by-stock approach, aiming to build a portfolio of strong growth companies based on their most attractive investment ideas at all times (evident from multiple fund strategy sections in the document
For updated detailed Performance data and key informations as on December 5, 2025
Visit Mirae Asset ELSS Tax Saver Fund Performance Page
1. Tax Benefits Under Section 80C
Investors get ₹1.5 lakh deduction from taxable income under ELSS rules
2. Strong Fund Management
Managed by Mr. Neelesh Surana, a seasoned professional with 31+ years of
investment experience and handling the fund since inception (Dec 2015)
3. Diversified, Growth-Oriented Portfolio
Invests across sectors and market caps, creating a balanced portfolio aiming for long-term appreciation.
4. No Exit Load
Investors can redeem freely after the 3-year lock-in.
5. Consistent Long-Term Returns
CAGR since inception (Direct Plan): 19.53% compared to benchmark returns
of 14.33% (Tier 1) and 13.96% (Tier 2)
The fund has exposure across:
This Fund is Ideal for:
Expense Ratio: Check latest factsheet.
Exit Load: No exit load, but 3-year mandatory lock-in as per ELSS rules.
Taxation:
🔗 How to Invest Online?
| Pain Point | How the Fund Addresses It |
|---|---|
| Need tax savings | ELSS benefit under Section 80C upto ₹1.5L |
| Long-term wealth creation | Diversified growth-focused equity portfolio |
| Portfolio Risk | Diversification across market caps & sectors |
| Concern about liquidity | 3-year lock-in only (shortest among tax-saving instruments) |
| Need professional management | Managed by an experienced fund manager with 31+ years experience |
A1: No. The scheme does not guarantee or assure any returns as clearly stated in the SID
A2: A mandatory 3-year lock-in applies as per ELSS regulations.
A3: You can start investing with ₹500 and multiples of ₹500 thereafter
A4: No redemption is allowed before 3 years.
A5: No. It invests across market caps, including large, mid, and other equities.
The Mirae Asset ELSS Tax Saver Fund is a well-managed, diversified equity-linked savings scheme offering the dual advantage of tax-saving and long-term capital appreciation. With a strong fund manager, well-diversified allocation, and consistent historical performance, this fund serves as a solid tax-saving investment option for long-term equity investors.
Disclaimer:- Mutual Fund investments are subject to market risks, please read scheme related documents carefully before investing.
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