Wealth Creation by Mirae Asset ELSS Tax Saver Fund: Turned ₹10,000 SIP into ~₹30 Lakh

The Mirae Asset ELSS Tax Saver Fund recently completed a decade since its launch, delivering solid long-term returns to investors. A monthly SIP of ₹10,000 since inception on December 28, 2015, would have grown to ₹29.51 lakh by November 30, 2025, on a total investment of ₹11.90 lakh, reflecting an impressive XIRR of 17.47%.

Tax Benefits and Lock-in Period

Formerly known as the Mirae Asset Tax Saver Fund, this open-ended equity-linked savings scheme (ELSS) provides tax benefits under Section 80C of the Income Tax Act. Like all ELSS funds, it comes with a mandatory three-year lock-in period, making it a long-term investment option for wealth creation while saving taxes.

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Strong Assets Under Management and Returns

As of November 30, 2025, the fund’s assets under management (AUM) stood at ₹27,271 crore, with an average AUM of ₹27,134.54 crore. Since inception, the regular plan (growth option) has delivered a CAGR of 17.8%, outperforming its Tier 1 and Tier 2 benchmarks, which returned 14.9% and 14.7%, respectively.

Investment Strategy and Fund Management

The scheme primarily invests in equity and equity-related instruments, aiming for long-term capital growth. It is managed by Neelesh Surana, Chief Investment Officer at Mirae Asset Investment Managers (India), who brings extensive experience and a disciplined approach to equity investing.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.