What is the story about?
Mirae Asset ELSS Tax Saver Fund has completed 10 years since its launch, delivering decent long-term returns to investors. A monthly investment of ₹10,000 through a systematic investment plan (SIP) since inception on December 28, 2015, would have grown to ₹29.51 lakh as of November 30, 2025, on a total investment of ₹11.90 lakh, translating into an internal rate of return (XIRR) of 17.47%.
The fund, earlier known as Mirae Asset Tax Saver Fund, is an open-ended equity-linked savings scheme (ELSS) offering tax benefits under Section 80C of the Income Tax Act and carries a mandatory three-year lock-in period.
As of November 30, 2025, the scheme’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 compounded annual growth rate (CAGR) of 17.8%, outperforming its Tier 1 and Tier 2 benchmarks, which returned 14.9% and 14.7%, respectively.
The scheme primarily invests in equity and equity-related instruments and is managed by Neelesh Surana, Chief Investment Officer at Mirae Asset Investment Managers (India).
Commenting on the milestone, Surana said, “Our investment framework focuses on investing in quality businesses at reasonable valuations. The scheme has consistently adhered to a well-diversified portfolio discipline, which has helped deliver superior risk-adjusted returns over the past decade. We thank our investors and partners for their support and remain committed to prioritising their wealth creation.”
Investors should, however, note that mutual fund investments are subject to market risks, and past performance is not indicative of future returns.
The fund, earlier known as Mirae Asset Tax Saver Fund, is an open-ended equity-linked savings scheme (ELSS) offering tax benefits under Section 80C of the Income Tax Act and carries a mandatory three-year lock-in period.
As of November 30, 2025, the scheme’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 compounded annual growth rate (CAGR) of 17.8%, outperforming its Tier 1 and Tier 2 benchmarks, which returned 14.9% and 14.7%, respectively.
The scheme primarily invests in equity and equity-related instruments and is managed by Neelesh Surana, Chief Investment Officer at Mirae Asset Investment Managers (India).
Commenting on the milestone, Surana said, “Our investment framework focuses on investing in quality businesses at reasonable valuations. The scheme has consistently adhered to a well-diversified portfolio discipline, which has helped deliver superior risk-adjusted returns over the past decade. We thank our investors and partners for their support and remain committed to prioritising their wealth creation.”
Investors should, however, note that mutual fund investments are subject to market risks, and past performance is not indicative of future returns.
