3 Year return

Launched on November 2015 (9 years)

Investment Details


Minimum SIP Amount


Minimum one time investment

Fund has 3 years period

Calculate Returns

Based on past performance of this fund


Your Investment ₹3,00,000
  • Total Value


Your Investment
  • Total Value

Risk Involved


Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹22620.57 Cr.

Expense Ratio

0.6% (inclusive of GST)

Exit Load



ARQ Rating

Ratings by other agencies


Tax Implications

Withdrawal within 1 year

Not applicable as these investments cannot be sold before the 3 year lock-in period

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings


Mirae Asset Mutual Fund Managers


Neelesh Surana

Fund Manager since Nov 2015

View Details

Fund House Details

Mirae Asset Mutual Fund

Mirae Asset Mutual Fund Asset management company

AUM ₹164,467.60 Cr.
No. of Schemes 107
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Mirae Asset Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns

About Mirae Asset Tax Saver Fund Direct Plan Growth

Mirae Asset Tax Saver Fund Direct Plan-Growth is an Equity Linked Savings Scheme (ELSS) brought to you by Mirae Asset Mutual Fund. This fund offers an attractive blend of potential wealth creation and tax benefits, further enriched by a strategically diversified portfolio. An ELSS is an open-ended equity-linked saving scheme with a statutory lock-in of 3 years and tax benefit.

Investment Objective of the Scheme

The investment objective of the Mirae Asset Tax Saver Fund Direct Plan-Growth is to generate long-term capital appreciation. This is achieved by predominantly investing in a wide range of equity and equity-related instruments. The fund's flexible investment approach allows it to invest across various market capitalizations, ensuring a diversified portfolio of fundamentally robust companies with promising growth prospects.

Key Features of The Fund

5-year return 22.09%
Expense Ratio 0.6%
Fund Manager Neelesh Surana
Fund Size ₹22620.57 Cr
Risk Profile Very High

Is This Scheme Right for Me?

Mirae Asset Tax Saver Fund Direct Plan-Growth could be an excellent fit for investors who are willing to lock in their capital for a minimum period of three years. If you're seeking the dual advantage of tax savings along with the potential for higher returns, this fund might be worth considering. However, it's crucial to acknowledge the possibility of moderate risks in your investments. This fund could align particularly well with the financial aspirations of investors looking for wealth creation over the long term. However, as with any financial endeavour, it's crucial to align this investment with your risk tolerance and financial goals. Always consider professional financial advice when planning your investment strategies.

AMC Contact Details

Name Mirae Asset Mutual Fund
Launch Date November 2007
Addresss Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai - 400 098.
Contact 1800-2090-777
Email customercare@miraeasset.com
Website https://www.miraeassetmf.co.in/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Secure Your Retirement With SIPs

For many investors, a Systematic Investment Plan (SIP) is an excellent option when it comes to retirement planning. SIPs make disciplined investing possible by automating regular contributions, which add up to an impressive retirement fund over time. This strategy guarantees a stable retirement and mitigates market volatility. Take advantage of the mutual fund SIP calculator offered by Angel One to visualise how your investments can grow and assist in making informed decisions to achieve your retirement goals.


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

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Mirae Asset ELSS Tax Saver Fund Jun 21 2024 is 50.848

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

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Mirae Asset ELSS Tax Saver Fund is 22620.57 crore.

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

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Mirae Asset ELSS Tax Saver Fund is 0.6%

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

The Mirae Asset ELSS Tax Saver Fund was launched on Nov 20 2015. The fund has delivered a CAGR of 21.12 since inception.

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

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Mirae Asset ELSS Tax Saver Fund is 500.

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

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

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

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

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

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

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

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.