• Mutual Funds
  • Mirae Asset Mutual Fund
  • Mirae Asset ELSS Tax Saver Fund (PIDCW-A)

Formerly Mirae Asset ELSS Tax Saver Reg IDCW-P

Mirae Asset Mutual Fund

Mirae Asset ELSS Tax Saver Fund (PIDCW-A)

EquityTax Saving
Top Ranked

24.828

NAV (May 27)

18.6%
5 Year CAGR
Scripbox Opinion
Top Ranked
Mirae Asset ELSS Tax Saver Fund (PIDCW-A) is recommended for investment within tax saving mutual funds.

Tax saving funds provides tax saving with inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

Our analysis of this fundLearn how we rate funds ->

Fund Size

Category Leader

The fund has been a Category Leader on the Fund Size metric

Outperformance Consistency

Category Leader

The fund has been a Category Leader on the Outperformance Consistency metric

Invest in this fund
Scripbox Recommended Tax Saving Fund
Save tax combined with inflation beating long term growth. Invest in Scripbox Recommended Tax Saver Funds to unlock the best of both worlds - tax saving and long term wealth creation.?Learn more

Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

24.828

NAV (May 27)

Fund Returns

Last 1Y
35.6%
Last 3Y
16.6%
Last 5Y
18.6%
Last 10Y
NA
Since Inception
18.6%
6 Month CAGR
20.2%

Scheme Information

Investment 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.

Expense Ratio
1.57
Launched (9y ago)
Dec 28, 2015
AUM in Crores
22471.763
ISIN
INF769K01DL1
Lock-in
3
Benchmark
Nifty 500 TR INR
SIP Minimum
500
Lumpsum Min.
500
Standard Deviation (3yr)
12.2
Standard Deviation (5yr)
18.8
Beta (3yr)
0.91
Beta (5yr)
0.98
Sharpe Ratio (3yr)
0.967
Sharpe Ratio (5yr)
0.727
YTM
0
Fund Managers

Neelesh Surana

Fund Manager

Important Links

Scheme Information Document

Statement of Additional Information

Portfolio Disclosure

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
Mirae Asset ELSS Tax Saver Fund (PIDCW-A)70%11,71,497 4,38,88518.6%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 2024-05-27

Top Stock Holdings

hdfc bank ltd

8.2%
8.2%

icici bank ltd

4.8%
4.8%

reliance industries ltd

4.7%
4.7%

kotak mahindra bank ltd

4%
4%

state bank of india

3.9%
3.9%
See all holdings

Allocation by Sector

financial services

31.6%
31.6%

consumer cyclical

13.5%
13.5%

industrials

11.5%
11.5%

technology

9.2%
9.2%

healthcare

7.7%
7.7%
See all sectors

Comparison with Equity Funds

Fund NameFund SizeOutperformance Consistency
Mirae Asset ELSS Tax Saver Fund (G)
Mirae Asset ELSS Tax Saver Fund (G)

₹ 22,471 cr

₹ 18,691 cr

₹ 14,859 cr

₹ 54,904 cr

₹ 42,664 cr

amc-img

About the AMC

Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset Investment Managers (India) Private Limited manages assets worth 165,814 crores and was set up on 20 November 2006. It's current offering of mutual fund schemes includes 35 equity,48 debt and 9 hybrid funds.amc-img
phone-img022-67800300
Fund NameScripbox Opinion
Till Date CAGR

17.4%

19.1%

16.6%

18.6%

23.1%

28%

13.6%

21.1%

10.4%

11.6%

Mirae Asset ELSS Tax Saver Fund (PIDCW-A) Review

Mirae Asset ELSS Tax Saver Fund (PIDCW-A) is a Tax Saving Equity fund and has delivered an annualised return of 18.6% over a period of 8 years. The fund was previously known as Mirae Asset ELSS Tax Saver Reg IDCW-P. The fund is managed by Mirae Asset Investment Managers (India) Private Limited. The fund manager’s name is Neelesh Surana.

Nav of Mirae Asset ELSS Tax Saver Fund (PIDCW-A) as of 5/27/2024 is ₹24.83 with the total AUM as of 5/27/2024 is ₹22471.763. With Scripbox you can compare and check the latest nav for all mutual funds in India. Mirae Asset ELSS Tax Saver Fund (PIDCW-A) was launched on Dec 28, 2015. The category risk of the fund is Very High Risk.

The minimum SIP amount for Mirae Asset ELSS Tax Saver Fund (PIDCW-A) is ₹500 and you can increase this in multiples of ₹500. In case you want to invest a lump sum, the minimum amount to be invested is ₹500. Check your estimated returns on mutual funds by using sip calculator.

Mirae Asset ELSS Tax Saver Fund (PIDCW-A) is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to Nifty 500 TR INR.

Mirae Asset ELSS Tax Saver Fund (PIDCW-A) is rated as a 5 fund in Equity and delivered 35.6% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Mirae Asset ELSS Tax Saver Fund (PIDCW-A).

Frequently Asked Questions

What is Mirae Asset ELSS Tax Saver Fund (PIDCW-A)?

Mirae Asset ELSS Tax Saver Fund (PIDCW-A) is a Tax Saving Equity scheme predominantly investing across Equity instruments with an investment objective to generate wealth over the long term.

How to invest in Mirae Asset ELSS Tax Saver Fund (PIDCW-A)?

You can invest in Mirae Asset ELSS Tax Saver Fund (PIDCW-A) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?

What is the minimum sip amount of Mirae Asset ELSS Tax Saver Fund (PIDCW-A)?

The minimum sip amount for Mirae Asset ELSS Tax Saver Fund (PIDCW-A) is ₹500. You can invest in multiples of ₹500.

Is Mirae Asset ELSS Tax Saver Fund (PIDCW-A) good to invest in?

As per Scripbox experts, Mirae Asset ELSS Tax Saver Fund (PIDCW-A) is a Top Ranked fund. You can investMirae Asset ELSS Tax Saver Fund (PIDCW-A) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.

What is the expense ratio of the Mirae Asset ELSS Tax Saver Fund (PIDCW-A)?

The expense ratio of the Mirae Asset ELSS Tax Saver Fund (PIDCW-A) is 1.57% for regular plan.