Investment type
Mirae Asset ELSS Tax Saver Fund - Direct (G) is a mutual fund under the Tax Saving Funds category, managed by Mirae Asset Mutual Fund. It was launched on 20 Nov 2006, and has been active for over 19 years. As of 30 Jun 2025 the fund manages assets worth ₹26,537 Crores. The expense ratio is 0.58%.
This fund generated returns of 4.86% in the last 1 year. Since its inception, it has provided an average annual return of 19.55%.
The fund's investments are mainly concentrated in sectors like Banks, IT-Software, Pharmaceuticals & Biotech, Retailing and Consumer Durables.
The top five holdings in this fund include prominent companies such as HDFC Bank, Axis Bank, ICICI Bank, St Bk of India and Infosys.
The Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. The Scheme does not quarantee or assure any returns.
ELSS funds carry moderate to high risk due to their equity exposure, though they also offer tax benefits.
Yes, if you want tax savings and are willing to invest in equities with a three-year lock-in period.
The minimum is three years, but staying invested longer can help maximize returns.
No, ELSS funds have a mandatory lock-in period of three years.
Expense ratios for ELSS funds can vary from 1% to 2%, which is typical for actively managed funds.
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