Mirae Asset ELSS Tax Saver Fund
Mirae Asset Mutual Fund·ELSS - Tax Saver Fund·vs Nifty 500 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹54.1790 | — | — | — | — | — | — |
| Regular Growth | ₹47.5140 | +0.57% | -5.30% | -6.75% | +1.24% | +14.21% | +13.01% |
| Direct IDCW | ₹25.3160 | — | — | — | — | — | — |
| Regular IDCW | ₹21.3260 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
70
Top 5 Weight
25.37%
Top 10 Weight
39.74%
Active Share
—
Large Cap
55.71%
Gini
0.465
What Changed2026-03-31 → 2026-04-30
Holdings: 72 → 72+4 added−4 removed39 weight shifts ≥ 0.1%
| 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
Banks25.7%
Pharmaceuticals & Biotechnology8.3%
IT - Software5.1%
Retailing4.9%
Consumer Durables4.9%
Telecom - Services4.6%
Petroleum Products4.6%
Transport Services4.5%
Insurance4.5%
Auto Components4.1%
Top 10 sectors by % to NAV. Excludes derivatives.