Rs 10,000 SIP Became Rs 29.5 Lakh: This ELSS Fund Outperformed Benchmarks For 10 Years; Here’s How

With a focus on long-term wealth development and tax efficiency, Mirae Asset Investment Managers (India) Pvt. Ltd. announced the completion of the 10 years of Mirae Asset ELSS Tax Saver Fund. The Mirae Asset ELSS Tax Saver Fund, which was first allocated on December 28, 2015, is an open-ended equity-linked savings plan (ELSS) with a three-year statutory lock-in period that offers tax benefits under Section 80C of the Income Tax Act.

As of November 30, 2025, the scheme's Assets Under Management (AUM) was Rs 27,271 crore. As of November 30, 2025, the scheme's average AUM was Rs 27,134.54. The Scheme (Regular Plan - Growth Option) has outperformed the Tier 1 and Tier 2 benchmarks, which produced returns of 14.9% and 14.7%, respectively, with a CAGR of 17.8% since its launch.

Chief Investment Officer Mr. Neelesh Surana manages the scheme, which mostly makes investments in equity and equity-related securities.

Commenting on the milestone, Mr. Surana stated, "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 would like to thank our investors and partners for their unwavering support over the last 10 years, and we remain committed to prioritising their wealth creation."

Mirae Asset ELSS Tax Saver Fund Returns

Over a number of time periods, the Mirae Asset ELSS Tax Saver Fund has consistently and robustly outperformed its benchmarks. The fund produced a return of 8.18% over the last year, which was about in line with Tier-2 and the BSE Sensex (TRI) and somewhat higher than the Nifty 500 (TRI) Tier-1 benchmark at 6.56%.

It outperformed the BSE Sensex (TRI) at 12.15% and the Tier-1 and Tier-2 benchmarks at 15.60% and 15.02%, respectively, with returns of 16.49% during the previous three years. The fund demonstrated steady alpha creation over a five-year period with an outstanding 18.67% CAGR, which was somewhat better than the Tier-1 benchmark (18.61%) and far higher than the Tier-2 and Sensex benchmarks.

With a 17.88% CAGR since its launch in December 2015, the Mirae Asset ELSS Tax Saver Fund has consistently outperformed all of its benchmarks. Compared to Rs 39,922 in the Tier-1 benchmark, Rs 39,085 in Tier-2, and Rs 37,257 on the BSE Sensex (TRI), a lump sum investment of Rs 10,000 from inception has shot up to Rs 51,199. The fund's net asset value (NAV) is Rs 51.199 as of November 28, 2025, whereas benchmark index values show the broader performance of the market throughout that period.

The Mirae Asset ELSS Tax Saver Fund's SIP performance demonstrates its position to produce consistent long-term wealth through systematic monthly investing. The fund has produced excellent performance throughout all investment horizons based on a SIP of Rs 10,000.

As of November 28, 2025, a total SIP investment of Rs 11.90 lakh climbed to a market value of Rs 29.51 lakh, representing an outstanding XIRR of 17.47%. The fund's steady long-term outperformance is demonstrated by its performance, which well surpasses the Tier-1 benchmark return of 15.89%, the Tier-2 benchmark return of 15.56%, and the additional benchmark return of 14.60%.

Over a seven-year period, an SIP investment of Rs 8.40 lakh has grown to Rs 16.03 lakh, delivering an attractive 18.17% return. This is higher than the Tier-1 benchmark at 17.44% and significantly ahead of the Tier-2 and additional benchmarks, which returned 16.94% and 14.99%, respectively.

The medium-term SIP performance of the product is still quite impressive. A total investment of Rs 6 lakh has risen to Rs 8.93 lakh over the course of five years, yielding a return of 15.95%, slightly above both the Tier-1 (15.66%) and Tier-2 (15.39%) benchmarks.

The SIP corpus of Rs 3.60 lakh has grown to Rs 4.59 lakh over the course of three years, yielding a strong 16.61% return—again outperforming all benchmark indices. The fund has shown good relative performance even during the short-term one-year timeframe. With a return of 18.07%, a SIP investment of Rs 1.20 lakh has gone up to Rs 1.31 lakh, surpassing Tier-1 (15.28%), Tier-2 (16.84%), and the additional benchmark (16.31%).