Mirae Asset ELSS Tax Saver Fund
The fund is heavily tilted toward financial intermediation, with banks representing over a quarter of assets and anchored by HDFC Bank's dominant 9.5% position. Recent additions to energy and metals stocks signal the manager is positioning for potential cyclical recovery, while simultaneous trimming of insurance and specialty chemicals suggests selective profit-taking from recent outperformers. The concentrated top-5 weighting at 25.4% reflects conviction in large-cap quality names, though this leaves limited dry powder for tactical repositioning.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹54.8250 | — | — | — | — |
| Regular Growth | ₹48.0790 | -0.44% | +1.06% | +14.49% | +13.28% |
| Direct IDCW | ₹25.6180 | — | — | — | — |
| Regular IDCW | ₹21.5790 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Malco Energy Ltd. A** | 0.30% |
| Talwandi Sabo Power Ltd. A** | 0.30% |
| Vedanta Iron and Steel Ltd. A** | 0.30% |
| Vedanta Aluminium Metal Ltd. A** | 0.30% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 9.53% |
| 2 | ICICI Bank Ltd. INE090A01021 | 4.84% |
| 3 | Reliance Industries Ltd. INE002A01018 | 4.19% |
| 4 | State Bank of India INE062A01020 | 3.63% |
| 5 | Delhivery Ltd. INE148O01028 | 3.17% |
| 6 | Laurus Labs Ltd. INE947Q01028 | 3.11% |
| 7 | Axis Bank Ltd. INE238A01034 | 3.03% |
| 8 | IndusInd Bank Ltd. INE095A01012 | 2.84% |
| 9 | ITC Ltd. INE154A01025 | 2.80% |
| 10 | Infosys Ltd. INE009A01021 | 2.60% |
| 11 | Bharti Airtel Ltd. INE397D01024 | 2.54% |
| 12 | Crompton Greaves Consumer Electricals Ltd. INE299U01018 | 2.42% |
| 13 | PB Fintech Ltd. INE417T01026 | 2.28% |
| 14 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 2.15% |
| 15 | Tata Communications Ltd. INE151A01013 | 2.07% |
| 16 | Larsen & Toubro Ltd. INE018A01030 | 2.02% |
| 17 | Ambuja Cements Ltd. INE079A01024 | 1.95% |
| 18 | Prestige Estates Projects Ltd. INE811K01011 | 1.83% |
| 19 | Tata Consultancy Services Ltd. INE467B01029 | 1.79% |
| 20 | SBI Life Insurance Co. Ltd. INE123W01016 | 1.72% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Mirae Asset ELSS Tax Saver Fund hold?
Mirae Asset ELSS Tax Saver Fund holds 70 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 25.37% of NAV.
What is the largest holding in Mirae Asset ELSS Tax Saver Fund?
The largest position in Mirae Asset ELSS Tax Saver Fund is HDFC Bank Ltd., accounting for 9.53% of NAV in the Banks sector.
Is Mirae Asset ELSS Tax Saver Fund a concentrated or diversified fund?
With a Gini coefficient of 0.465, Mirae Asset ELSS Tax Saver Fund is moderately concentrated. The HHI concentration index is 28,144 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 25.37% of the portfolio.
What is the market cap allocation of Mirae Asset ELSS Tax Saver Fund?
Based on SEBI's AMFI classification, Mirae Asset ELSS Tax Saver Fund's equity portfolio is split as: Large Cap: 55.71%, Mid Cap: 20.05%, Small Cap: 21.43%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mirae Asset ELSS Tax Saver Fund invest in most?
Mirae Asset ELSS Tax Saver Fund has the highest allocation to Banks (25.68%), Pharmaceuticals & Biotechnology (8.30%), IT - Software (5.12%). The fund is invested across 29 sectors in total.
How actively managed is Mirae Asset ELSS Tax Saver Fund compared to other ELSS - Tax Saver Fund funds?
Mirae Asset ELSS Tax Saver Fund has an Active Share of 59.44%, classifying it as "Active Stock Picker" among 37 ELSS - Tax Saver Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Mirae Asset ELSS Tax Saver Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mirae Asset ELSS Tax Saver Fund added 4 new stocks (including Malco Energy Ltd. A**) and exited 4 stocks (including Sona Blw Precision Forgings Ltd.). Total holding count remained at 72 stocks.