Mirae Asset ELSS Tax Saver Fund – Direct (IDCW)

Equity · ELSS
500
Min SIP
500
Min Lumpsum
0.59 %
Expense Ratio
Rating
20,949
Fund Size (in Cr)
8 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 5 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 23 February 2024 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 36.1% 19% 21.9% 20.4%
Category Average 39.8% 19.6% 19% -

Scheme Allocation

By Holding
By Sector
By Asset
8.02%
4.94%
Others
74.68%
View all Holdings
Holdings Sector Instrument Asset
HDFC Bank Banks Equity 8.02%
ICICI Bank Banks Equity 4.94%
St Bk of India Banks Equity 4.5%
Reliance Industr Refineries Equity 4.09%
Kotak Mah. Bank Banks Equity 3.77%
Larsen & Toubro Infrastructure Developers & Operators Equity 3.73%
Axis Bank Banks Equity 3.58%
Infosys IT - Software Equity 3.12%
NTPC Power Generation & Distribution Equity 2.82%
HCL Technologies IT - Software Equity 2.48%
Guj.St.Petronet Gas Distribution Equity 2.27%
Bharti Airtel Telecomm-Service Equity 2.12%
PB Fintech. IT - Software Equity 2.11%
Ambuja Cements Cement Equity 1.83%
Crompton Gr. Con Consumer Durables Equity 1.82%
Delhivery Logistics Equity 1.8%
M & M Automobile Equity 1.73%
Zomato Ltd E-Commerce/App based Aggregator Equity 1.67%
Aurobindo Pharma Pharmaceuticals Equity 1.62%
Wipro IT - Software Equity 1.62%
Gland Pharma Pharmaceuticals Equity 1.55%
Bata India Leather Equity 1.49%
Dabur India FMCG Equity 1.47%
CEAT Tyres Equity 1.33%
Prestige Estates Realty Equity 1.33%
SBI Cards Finance Equity 1.31%
Tata Steel Steel Equity 1.25%
FSN E-Commerce E-Commerce/App based Aggregator Equity 1.24%
SKF India Bearings Equity 1.23%
LIC Housing Fin. Finance Equity 1.21%
J K Cements Cement Equity 1.17%
Cipla Pharmaceuticals Equity 1.11%
Fortis Health. Healthcare Equity 1.1%
Bharat Forge Castings, Forgings & Fastners Equity 1.09%
Interglobe Aviat Air Transport Service Equity 1.06%
ITC Tobacco Products Equity 1.06%
Max Financial Finance Equity 1.05%
One 97 E-Commerce/App based Aggregator Equity 1.03%
NRB Bearings Bearings Equity 1.02%
Tata Motors Automobile Equity 0.94%
Vinati Organics Chemicals Equity 0.9%
B P C L Refineries Equity 0.9%
Greenply Industr Plywood Boards/Laminates Equity 0.88%
Grasim Inds Textiles Equity 0.83%
SRF Chemicals Equity 0.83%
Prince Pipes Plastic products Equity 0.73%
Sapphire Foods Quick Service Restaurant Equity 0.7%
Utkarsh Small F. Banks Equity 0.68%
Kajaria Ceramics Ceramic Products Equity 0.63%
SBI Life Insuran Insurance Equity 0.62%
Sun Pharma.Inds. Pharmaceuticals Equity 0.62%
Indus Towers Telecomm Equipment & Infra Services Equity 0.61%
Team Lease Serv. Miscellaneous Equity 0.6%
Campus Activewe. Leather Equity 0.59%
Gateway Distri Logistics Equity 0.58%
Coforge IT - Software Equity 0.55%
Divi's Lab. Pharmaceuticals Equity 0.52%
Chemplast Sanmar Chemicals Equity 0.49%
Laurus Labs Pharmaceuticals Equity 0.46%
Indian Energy Ex Miscellaneous Equity 0.45%
Hind. Unilever FMCG Equity 0.39%
Atul Chemicals Equity 0.38%
HDFC AMC Finance Equity 0.32%
UPL Agro Chemicals Equity 0.29%
Tega Inds. Engineering Equity 0.28%
Data Pattern Aerospace & Defence Equity 0.26%
Natl. Aluminium Non Ferrous Metals Equity 0.17%
Paradeep Phospha Fertilizers Equity 0.14%
Fusion Microfin. Finance Equity 0.1%
TCS IT - Software Equity 0.08%
Jio Financial Finance Equity 0.07%
Titan Company Diamond, Gems and Jewellery Equity 0.03%
Bharat Electron Aerospace & Defence Equity 0.01%
HDFC Life Insur. Insurance Equity 0.01%
Maruti Suzuki Automobile Equity 0%
Banks
25.49%
IT-Software
7.85%
Pharmaceuticals & Biotech
5.88%
Consumer Durables
5.44%
Petroleum Products
4.99%
Others
50.35%
View all Sectors
Sectors Asset
Banks 25.49%
IT-Software 7.85%
Pharmaceuticals & Biotech 5.88%
Consumer Durables 5.44%
Petroleum Products 4.99%
Cement & Cement Products 3.83%
Construction 3.73%
Transport Services 3.44%
Financial Technology (Fin 3.14%
Industrial Products 3.05%
Retailing 2.91%
Power 2.82%
Telecom-Services 2.73%
Finance 2.69%
Automobiles 2.67%
Chemicals & Petrochemical 2.6%
Auto Components 2.35%
Gas 2.27%
Insurance 1.68%
Personal Products 1.47%
Diversified FMCG 1.45%
Realty 1.33%
Ferrous Metals 1.25%
Healthcare Services 1.1%
Capital Markets 0.77%
Leisure Services 0.7%
Commercial Services & Sup 0.6%
Debt 0.56%
Fertilisers & Agrochemica 0.43%
Industrial Manufacturing 0.28%
Aerospace & Defense 0.27%
Non-Ferrous Metals 0.17%
Cash & Others 0.06%
Equity
99.38%
Reverse Repos
0.56%
Net Curr Ass/Net Receivables
0.06%
Mutual Funds Units
0%

Advance Ratio

1.13
Alpha
3.73
SD
0.93
Beta
1.09
Sharpe

Exit Load

Exit Load Nil

Fund Objective

The Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. The Scheme does not quarantee or assure any returns.

Fund Managers

Neelesh Surana

Mr Neelesh Surana is among the senior fund managers at Mirae Asset India with extensive experience of over 24 years. His expertise in portfolio management has further enhanced his function of various domestic and offshore funds of the fund house. Before joining Mirae Asset India AMC, he worked at ASK Investment Managers Pvt Ltd. He has successfully fulfilled his role and responsibility for supervising and overseeing approximately five mutual fund schemes.

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

Mirae Asset Mutual Fund
AUM:
1,49,503 Cr
Address:
Unit 606,6th Flr,Windsor Off. CST Road,Kalina, Santacruz(E),Mumbai-400098
Contact:
022-67800300
Email ID:
customercare@miraeasset.com

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Frequently Asked Questions

How to invest in Mirae Asset ELSS Tax Saver Fund – Direct (IDCW) ?

You can invest in Mirae Asset ELSS Tax Saver Fund – Direct (IDCW) in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for Mirae Asset ELSS Tax Saver Fund – Direct (IDCW) in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of Mirae Asset ELSS Tax Saver Fund – Direct (IDCW) ?

The NAV of Mirae Asset ELSS Tax Saver Fund – Direct (IDCW) is ₹27.2 as of 23 February 2024.

How to redeem Mirae Asset ELSS Tax Saver Fund – Direct (IDCW) holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of Mirae Asset ELSS Tax Saver Fund – Direct (IDCW)?

The minimum SIP amount of Mirae Asset ELSS Tax Saver Fund – Direct (IDCW) is ₹500

What are the top sectors Mirae Asset ELSS Tax Saver Fund – Direct (IDCW) has invested in?

The top sectors Mirae Asset ELSS Tax Saver Fund – Direct (IDCW) has invested in are
  1. Banks - 25.49%
  2. IT-Software - 7.85%
  3. Pharmaceuticals & Biotech - 5.88%
  4. Consumer Durables - 5.44%
  5. Petroleum Products - 4.99%

Can I make investments in both the SIP and Lump Sum schemes of Mirae Asset ELSS Tax Saver Fund – Direct (IDCW)?

Yes, You can select both SIP or Lumpsum investment of Mirae Asset ELSS Tax Saver Fund – Direct (IDCW) based on your investment objective and risk tolerance.

How much returns have Mirae Asset ELSS Tax Saver Fund – Direct (IDCW) generated ?

The Mirae Asset ELSS Tax Saver Fund – Direct (IDCW) has delivered 20.4% since inception

What is the expense ratio of Mirae Asset ELSS Tax Saver Fund – Direct (IDCW) ?

The expense ratio of Mirae Asset ELSS Tax Saver Fund – Direct (IDCW) is 0.59 % as of 23 February 2024.

What is the AUM of Mirae Asset ELSS Tax Saver Fund – Direct (IDCW)?

The AUM of Mirae Asset ELSS Tax Saver Fund – Direct (IDCW) is ₹1,49,503 Cr as of 23 February 2024

What are the top stock holdings of Mirae Asset ELSS Tax Saver Fund – Direct (IDCW)?

The top stock holdings of Mirae Asset ELSS Tax Saver Fund – Direct (IDCW) are
  1. HDFC Bank - 8.02%
  2. ICICI Bank - 4.94%
  3. St Bk of India - 4.5%
  4. Reliance Industr - 4.09%
  5. Kotak Mah. Bank - 3.77%

How can I redeem my investments in Mirae Asset ELSS Tax Saver Fund – Direct (IDCW)?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select Mirae Asset ELSS Tax Saver Fund – Direct (IDCW) in Scheme, enter the redemption amount, and click on submit button.
Invest Now