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Mutual Funds
Mirae Asset Tax Saver Fund -Direct Plan-Growth

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Mirae Asset Tax Saver Fund -Direct Plan-Growth

Mirae Asset Tax Saver Fund -Direct Plan-Growth

  • Very High Risk
  • Equity
  • ELSS (Tax Savings)
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NAV as on Feb 28, 2025
i
Price per unit of the scheme.
₹ 46.7920 -1.72% 1 Day Change
-6.84%
Minimum Investment ₹500
Expense Ratio 0.56%

FUND RATING

A holistic measure of the rank of a fund relative to its peers. Top funds receive a score of 5.
5
Scheme Rating
*Morningstar Rating Methodologyi

RISK-O-METER

Level of risk associated with a mutual fund to help investors make informed investment decisions
 

FUND PERFORMANCE

(As On --)
Compare fund’s performance against category average across different time periods
1M 3M 6M 1Y 3Y 5Y
-- Out of -- funds in the category
Category Avg Return
--
Fund Return
Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
For calculating Category Return & Scheme Ranking, only Growth & Direct schemes are considered.

FUND COMPARISON

This Fund
Mirae Asset Tax Saver Fund -Direct Plan-Growth
VS
Equity: ELSS (Tax Savings) Average NAV
Topper in Equity: ELSS (Tax Savings)
All Fund
*For the other fund, rescaled NAVs are used
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RETURN CALCULATOR

Check the return on your investment in the fund
Mirae Asset Tax Saver Fund -Direct Plan-Growth
Investment Type
MONTHLY SIP ONE -TIME
Monthly Investment
Time Period (yrs)
Annual Return in %
  • Invested Amount
    ₹0
  • Return
    ₹0
  • Current Value
    ₹0

FUND SUMMARY

Benchmark
IISL Nifty 500 TR INR
Expense Ratio
0.56 %
Category Avg Expense Ratio
0.86%
Minimum Investment (Lumpsum/SIP)
₹500/₹500
Lock In (Years)
3
Fund Size
₹ 24,007.47 Cr(As on Jan, 2025)
Inception Date
Dec 28, 2015
Turnover
91.00 %
Exit Load
NIL

ABOUT THE FUND

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. The Scheme does not guarantee or assure any returns.

Mirae Asset Tax Saver Fund -Direct Plan-Growth is an Equity - ELSS (Tax Savings) fund. The fund was launched in Dec 28, 2015. Its risk level is Very High. The NAV of the fund as on Feb 28, 2025 is ₹46.79. Its expense ratio is 0.56 %. The fund has an AUM of ₹24,007.47 Cr.The fund is managed by Neelesh Surana. The minimum initial investment is ₹500 in Lumpsum mode.

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FUND MANAGER

Neelesh Surana
i
Lead Fund Manager.
Dec 28, 2015- Present
  • Fund Manager Rank 21 Out of 36
    i
    Rank measured on the basis of consistent alpha the fund manager delivered in the same category over a period of three years (factors only Direct plan, Growth option)
  • Schemes managed 2
  • Total AUM ₹ 60,521.48 Cr
  • Highest Return In 1 Yr 2.52 %
Other Funds
  • table
  • card
1M 3M 6M 1Y 3Y 5Y
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
₹46.79
-6.84%
-7.61%
Very High Risk
₹24,007.47Cr
Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
₹141.10
-8.16%
-8.67%
Very High Risk
₹36,514.01Cr
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
₹46.79
-12.07%
-13.26%
Very High Risk
₹24,007.47Cr
Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
₹141.10
-13.94%
-14.21%
Very High Risk
₹36,514.01Cr
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
₹46.79
-14.98%
-15.85%
Very High Risk
₹24,007.47Cr
Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
₹141.10
-18.04%
-16.72%
Very High Risk
₹36,514.01Cr
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
₹46.79
2.52%
0.72%
Very High Risk
₹24,007.47Cr
Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
₹141.10
-1.93%
2.18%
Very High Risk
₹36,514.01Cr
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
₹46.79
13.16%
13.43%
Very High Risk
₹24,007.47Cr
Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
₹141.10
11.85%
14.92%
Very High Risk
₹36,514.01Cr
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
₹46.79
19.63%
17.29%
Very High Risk
₹24,007.47Cr
Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
₹141.10
18.83%
18.45%
Very High Risk
₹36,514.01Cr
1M 3M 6M 1Y 3Y 5Y
Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
Very High Risk
  • NAV ₹46.79
  • Fund Size ₹24,007.47Cr
Fund Return -6.84%
Category Return -7.61%
Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
Very High Risk
  • NAV ₹141.10
  • Fund Size ₹36,514.01Cr
Fund Return -8.16%
Category Return -8.67%
Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
Very High Risk
  • NAV ₹46.79
  • Fund Size ₹24,007.47Cr
Fund Return -12.07%
Category Return -13.26%
Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
Very High Risk
  • NAV ₹141.10
  • Fund Size ₹36,514.01Cr
Fund Return -13.94%
Category Return -14.21%
Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
Very High Risk
  • NAV ₹46.79
  • Fund Size ₹24,007.47Cr
Fund Return -14.98%
Category Return -15.85%
Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
Very High Risk
  • NAV ₹141.10
  • Fund Size ₹36,514.01Cr
Fund Return -18.04%
Category Return -16.72%
Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
Very High Risk
  • NAV ₹46.79
  • Fund Size ₹24,007.47Cr
Fund Return 2.52%
Category Return 0.72%
Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
Very High Risk
  • NAV ₹141.10
  • Fund Size ₹36,514.01Cr
Fund Return -1.93%
Category Return 2.18%
Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
Very High Risk
  • NAV ₹46.79
  • Fund Size ₹24,007.47Cr
Fund Return 13.16%
Category Return 13.43%
Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
Very High Risk
  • NAV ₹141.10
  • Fund Size ₹36,514.01Cr
Fund Return 11.85%
Category Return 14.92%
Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
Very High Risk
  • NAV ₹46.79
  • Fund Size ₹24,007.47Cr
Fund Return 19.63%
Category Return 17.29%
Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
Very High Risk
  • NAV ₹141.10
  • Fund Size ₹36,514.01Cr
Fund Return 18.83%
Category Return 18.45%
Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

DETAILED PORTFOLIO

As on Jan 2025
EQUITY (98.94%)
DEBT (0.00%)
CASH (1.06%)
OTHERS (0.00%)
Allocation by Market Cap

PERFORMANCE MEASURES

Fund evaluation across critical parameters for better decision making. Study period is 3 years.
  • Consistency
    i
    It represents the consistency of a fund in beating its benchmark.
  • Downside Risk
    i
    Measured by Maximum Drawdown which shows the maximum loss from a peak to a nadir over a specified time period
  • Risk Adjusted Return
    i
    Risk adjusted return represents the return generated after factoring the risk taken to achieve it.
  • Volatility
    i
    Volatility represents the standard deviation of fund returns that is, how much the fund returns have deviated from the average.
  • Upside Capture Ratio
    i
    Fund performance relative to the index when the market is up. An upside capture ratio of >100 indicates better fund performance.
  • Downside Capture Ratio
    i
    Fund performance relative to the index when the market is down. A downside capture ratio of <100 indicates better fund performance.

HISTORICAL RISK MEASURES

Statistical measures to evaluate mutual fund risk. All ratios are calculated for a three-year time duration.
  • Alpha: Excess return of the fund over benchmark
    i
    Any Alpha above zero is considered good. However, for comparison, a fund with a higher Alpha is considered better. Alpha is normally used in conjunction with Beta. If the Beta is high, it implies that the fund manager took a high risk to generate Alpha.
    1.04
    This Fund
    VS
    1.17
    Category Avg
  • Beta: Risk of the fund in relation to benchmark
    i
    Beta >1 indicates that the fund is more volatile than its benchmark while Beta < 1 indicates that the fund is less volatile than its benchmark. The Beta of the benchmark is equal to 1.
    0.93
    This Fund
    VS
    0.93
    Category Avg
  • Sortino Ratio: Return per unit of bad risk
    i
    A variation of Sharpe ratio, Sortino considers only the downside risk. Unlike Sharpe ratio which considers both good risk and bad risk, Sortino factors only the bad risk. A high Sortino ratio indicates better return for each unit of downside risk.
    0.83
    This Fund
    VS
    1.05
    Category Avg
  • R-Squared: How well the fund tracks benchmark
    i
    R-Squared measures the correlation of fund returns and its benchmark returns. It varies between 0 and 1. The metric, Beta makes no sense if R-Squared is equal to zero. Thus, both Beta and R-Squared should be used in conjunction. A fund with a high R-Squared and low Beta is considered a less risky fund.
    94.49
    This Fund
    VS
    86.33
    Category Avg
  • Sharpe Ratio: Risk adjusted return of the fund
    i
    Sharpe Ratio is a measure of return per unit of risk. A higher Sharpe ratio indicates better risk adjusted return given by the fund.
    0.52
    This Fund
    VS
    0.62
    Category Avg
  • Standard Devation: Volatility of the fund
    i
    Standard deviation is a measure of dispersion of fund returns from its average return. A fund with a higher Standard deviation is more volatile than a fund with a low standard deviation.
    13.56
    This Fund
    VS
    13.71
    Category Avg
Benchmark used in calculation : BSE 200 India TR INR

PEER ANALYSIS

1M 3M 6M 1Y 3Y 5Y
  • table
  • card
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
Parag Parikh Tax Saver Fund Direct Growth Parag Parikh Tax Saver Fund Direct Growth
₹30.56
-4.59%
-7.61%
Very High Risk
₹4,572.13 Cr
HDFC TaxSaver -Direct Plan - Growth Option HDFC TaxSaver -Direct Plan - Growth Option
₹1,322.71
-4.99%
-7.61%
Very High Risk
₹15,413.45 Cr
360 ONE ELSS Nifty 50 Tax Saver Index Fund Direct Growth 360 ONE ELSS Nifty 50 Tax Saver Index Fund Direct Growth
--
₹12.40
-5.77%
-7.61%
Very High Risk
₹76.64 Cr
Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth
--
₹13.26
-5.79%
-7.61%
Very High Risk
₹79.37 Cr
Taurus Tax Shield-Direct Plan-Growth Option Taurus Tax Shield-Direct Plan-Growth Option
₹181.09
-5.80%
-7.61%
Very High Risk
₹76.73 Cr
ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth
₹891.84
-5.95%
-7.61%
Very High Risk
₹13,548.75 Cr
Parag Parikh Tax Saver Fund Direct Growth Parag Parikh Tax Saver Fund Direct Growth
VERY HIGH RISK
  • NAV ₹30.56
  • Fund Size ₹4,572.13 Cr
Fund Return -4.59%
Category Return -7.61%
HDFC TaxSaver -Direct Plan - Growth Option HDFC TaxSaver -Direct Plan - Growth Option
VERY HIGH RISK
  • NAV ₹1,322.71
  • Fund Size ₹15,413.45 Cr
Fund Return -4.99%
Category Return -7.61%
360 ONE ELSS Nifty 50 Tax Saver Index Fund Direct Growth 360 ONE ELSS Nifty 50 Tax Saver Index Fund Direct Growth
VERY HIGH RISK --
  • NAV ₹12.40
  • Fund Size ₹76.64 Cr
Fund Return -5.77%
Category Return -7.61%
Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth Navi ELSS Tax Saver Nifty 50 Index Fund Direct Growth
VERY HIGH RISK --
  • NAV ₹13.26
  • Fund Size ₹79.37 Cr
Fund Return -5.79%
Category Return -7.61%
Taurus Tax Shield-Direct Plan-Growth Option Taurus Tax Shield-Direct Plan-Growth Option
VERY HIGH RISK
  • NAV ₹181.09
  • Fund Size ₹76.73 Cr
Fund Return -5.80%
Category Return -7.61%
ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth
VERY HIGH RISK
  • NAV ₹891.84
  • Fund Size ₹13,548.75 Cr
Fund Return -5.95%
Category Return -7.61%
Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

Top funds from this amc

1M 3M 6M 1Y 3Y 5Y
  • table
  • card
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth
--
₹13.10
27.46%
--
Very High Risk
₹86.32 Cr
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth
--
₹11.63
0.67%
--
Moderate Risk
₹70.76 Cr
Mirae Asset Savings Fund Direct Plan Growth Mirae Asset Savings Fund Direct Plan Growth
₹2,386.45
0.60%
0.40%
Moderate Risk
₹1,392.91 Cr
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth
--
₹11.97
0.59%
--
Moderate Risk
₹810.07 Cr
Mirae Asset Ultra Short Duration Fund Direct Growth Mirae Asset Ultra Short Duration Fund Direct Growth
--
₹1,286.41
0.57%
0.41%
Moderate Risk
₹1,781.56 Cr
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr2026 50:50 Idx Direct Growth Mirae Asset Nifty AAA PSU Bond Plus SDL Apr2026 50:50 Idx Direct Growth
--
₹11.85
0.57%
--
Low to Moderate Risk
₹94.14 Cr
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth
VERY HIGH RISK --
  • NAV ₹13.10
  • Fund Size ₹86.32 Cr
Fund Return 27.46%
Category Return --
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth
MODERATE RISK --
  • NAV ₹11.63
  • Fund Size ₹70.76 Cr
Fund Return 0.67%
Category Return --
Mirae Asset Savings Fund Direct Plan Growth Mirae Asset Savings Fund Direct Plan Growth
MODERATE RISK
  • NAV ₹2,386.45
  • Fund Size ₹1,392.91 Cr
Fund Return 0.60%
Category Return 0.40%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth
MODERATE RISK --
  • NAV ₹11.97
  • Fund Size ₹810.07 Cr
Fund Return 0.59%
Category Return --
Mirae Asset Ultra Short Duration Fund Direct Growth Mirae Asset Ultra Short Duration Fund Direct Growth
MODERATE RISK --
  • NAV ₹1,286.41
  • Fund Size ₹1,781.56 Cr
Fund Return 0.57%
Category Return 0.41%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr2026 50:50 Idx Direct Growth Mirae Asset Nifty AAA PSU Bond Plus SDL Apr2026 50:50 Idx Direct Growth
LOW TO MODERATE RISK --
  • NAV ₹11.85
  • Fund Size ₹94.14 Cr
Fund Return 0.57%
Category Return --
Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

ABOUT THE AMC

Mirae Asset Investment Managers (India) Private Limited
Mirae Asset Investment Managers (India) Private Limited manages assets worth ₹ 1,92,897.66 crores. It’s current offering of mutual fund schemes includes 21 equity, 13 debt and 11 hybrid schemes.
Phone
022-6780 0300
Email
customercare@miraeasset.com
AUM
₹ 1,92,897.66 Cr (
As on Jan 2025
)
Address
Unit No. 606, 6th Floor, ,Mumbai ,400 098

FAQ’S

What is the category of Mirae Asset Tax Saver Fund -Direct Plan-Growth ?
The category of Mirae Asset Tax Saver Fund -Direct Plan-Growth is Equity - ELSS (Tax Savings)
What is the current NAV of Mirae Asset Tax Saver Fund -Direct Plan-Growth ?
The current NAV of Mirae Asset Tax Saver Fund -Direct Plan-Growth (as on Feb 28, 2025) is ₹ 46.79
How safe is Mirae Asset Tax Saver Fund -Direct Plan-Growth?
The risk level of Mirae Asset Tax Saver Fund -Direct Plan-Growth is Very High .
What are short term returns given by Mirae Asset Tax Saver Fund -Direct Plan-Growth?
The return given by Mirae Asset Tax Saver Fund -Direct Plan-Growth in 1 month is -6.84%, 3 months is -12.07%, 6 months is -14.98%, and 1 year is 2.52%.
What are the long term returns given by Mirae Asset Tax Saver Fund -Direct Plan-Growth?
The return given by Mirae Asset Tax Saver Fund -Direct Plan-Growth in 3 years is 13.16% and 5 years is 19.63%.
What is the expense ratio of Mirae Asset Tax Saver Fund -Direct Plan-Growth?
The expense ratio of Mirae Asset Tax Saver Fund -Direct Plan-Growth is 0.56 %
What is the AUM of Mirae Asset Tax Saver Fund -Direct Plan-Growth
The assets under Management (AUM) of Mirae Asset Tax Saver Fund -Direct Plan-Growth is Rs 24,007.47 crores.
What is the minimum investment in Mirae Asset Tax Saver Fund -Direct Plan-Growth?
The minimum Lumpsum investment in Mirae Asset Tax Saver Fund -Direct Plan-Growth is ₹500 and the minimum SIP investment in Mirae Asset Tax Saver Fund -Direct Plan-Growth is ₹500
What is the asset allocation of Mirae Asset Tax Saver Fund -Direct Plan-Growth?
The Mirae Asset Tax Saver Fund -Direct Plan-Growth has an exposure of 98.94% in Equity, and 1.06% in Cash & Money Market Securities

CALCULATORS

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