FAQ : Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan

Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan has delivered CAGR and average rolling returns as follows :

1 Year 3 Year 5 Year 9 Year
CAGR(%) 36.52 18.46 19.92 N/A
Average Rolling Returns(%) 23.32 19.80 19.52 N/A

The Current NAV of Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan is ₹47.27.

You can consider SIP in Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan as it has consistently outperformed the benchmark and has a Somewhat Good quality portfolio. Funds returns likely to be fairly different than its benchmark NIFTY 200 , as Funds portfolio is somewhat different.

Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan fund’s expense ratio is 0.58%

The process for redemption is

  • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
  • You will get information about the redemption and the NAV at which redeemed.
  • The amount will be deposited in the designated bank account.

The AUM of Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan is currently ₹21,476 Crores.

The Top three stocks are HDFC Bank, ICICI Bank and SBI and account for 17% of its portfolio. Top 5 and 10 stocks of fund account for 25% and 39% of fund’s portfolio respectively.

Top three sectors of Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan fund are BFSI, Construction & Infrastructure and IT accounting for 52% of the total portfolio.

Funds Portfolio Quality is Somewhat Good. It has a large proportion of Green and Orange Stocks.Since this is a Equity - ELSS it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

The category of Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan Fund is Equity - ELSS.

Neelesh Surana manages the Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan Fund.

Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan current PE ratio is 33.08 and PB ratio is 5.35

The asset allocation of Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan is Stocks : 99.07%, Debt : 0.98% and Gold : 0%

The minimum SIP amount for Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan is ₹500.00 and minimum lumpsum is ₹500.00

The exit load for Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan is Nil

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