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Mirae Asset Tax Saver Fund - Regular Plan

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Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.46 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.15 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -0.61 -0.37 -0.36 -3.22 0.13 13.04 15.16 13.55 -- -- --
S&P BSE 500 TRI -1.47 -0.32 -1.24 -3.61 -0.75 10.95 9.48 9.38 -- -- --
Equity: ELSS 0.61 -0.30 -0.81 -2.02 1.30 13.24 12.36 8.44 -- -- --
Rank within category 30 28 6 27 25 19 12 3 -- -- --
Number of funds in category 38 38 38 38 38 37 36 34 30 28 27

As on 25-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 7.61 (19-Sep-2019 - 26-Sep-2019) -7.04 (05-Feb-2016 - 12-Feb-2016)
Month 10.62 (26-Dec-2016 - 25-Jan-2017) -11.88 (07-Sep-2018 - 09-Oct-2018)
Quarter 18.63 (29-Feb-2016 - 30-May-2016) -9.01 (22-Dec-2017 - 23-Mar-2018)
Year 52.34 (26-Dec-2016 - 26-Dec-2017) -7.86 (29-Jan-2018 - 29-Jan-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 15.61 12.38 0.80 1.16 0.94 4.09
S&P BSE 500 TRI 11.88 12.82 0.48 0.72 -- --
Equity: ELSS 10.46 13.00 0.37 0.53 0.95 -1.09
Rank within category 2 9 2 1 17 2
Number of funds in category 34 34 34 34 34 34

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 55
Top 10 Stocks (%) 46.56
Top 5 Stocks (%) 29.83
Top 3 Sectors (%) 58.20
Portfolio P/B Ratio 2.76
Portfolio P/E Ratio 21.56

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 98,713 90,653
Giant (%) 55.82 50.67
Large (%) 11.98 15.11
Mid (%) 26.25 25.96
Small (%) 5.85 8.61
Tiny (%) 0.09 0.26

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up HDFC Bank Financial 25.05 10.01 4.31 9.22
up Reliance Industries Energy 20.53 5.81 0.02 5.79
equal ICICI Bank Financial 35.99 6.42 4.15 5.75
up Axis Bank Financial 43.21 5.50 0.00 4.64
up State Bank of India Financial 25.01 5.11 1.55 4.43
equal Larsen & Toubro Construction 17.61 4.22 2.47 4.14
down Infosys Technology 20.85 5.10 1.17 3.67
up Tata Consultancy Services Technology 24.76 4.31 0.04 3.14
equal ITC FMCG 16.40 4.29 1.23 2.94
up Voltas Cons Durable 46.50 2.84 0.99 2.84
equal Page Industries Textiles 64.28 2.92 0.00 2.42
down HDFC Financial 18.24 2.74 0.00 2.32
up Indusind Bank Financial 17.61 5.04 1.65 2.30
equal Gujarat State Petronet Energy 8.44 2.27 0.00 2.27
equal Max Financial Services Financial 50.93 2.47 0.00 2.17
up Power Finance Corp. Financial 3.61 2.13 0.00 2.13
equal Dabur India FMCG 58.16 2.35 0.00 2.11
up HPCL Energy 11.80 3.25 0.90 1.98
down Tata Consumer Products FMCG 57.36 4.27 1.24 1.94
equal Maruti Suzuki India Automobile 30.79 3.73 1.90 1.90
down Dr. Lal Pathlabs Healthcare 57.22 1.62 0.00 1.51
equal NTPC Energy 5.64 1.91 0.00 1.50
down Balkrishna Industries Automobile 26.25 1.81 0.00 1.45
up Havells India Engineering 53.72 3.14 0.17 1.38
up Prince Pipes & Fittings Chemicals 23.09 1.37 0.00 1.37

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-2020

Fund Manager

— Neelesh Surana since 20-Nov-2015

Education: Mr. Surana is B.E (Mechanical) and MBA in Finance.

Experience: Prior to joining Mirae AMC he has worked with ASK Investment Managers Pvt Ltd.

Funds Managed:

Invest Online
-0.37%

Change from previous, NAV as on 25-Feb-2020

Growth: ₹ 18.9090

Dividend: ₹ 15.1540

Investment Strategy

The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 5
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 28-Dec-2015
Return Since Launch: 16.53%
Benchmark: NIFTY 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 3,293 Cr (As on 31-Jan-2020)
Expense: 1.93% (As on 31-Jan-2020)
Risk Grade: Low
Return Grade: High
Turnover: 60.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend16-Jan-20200.8411

 06-Dec-20180.4427
 12-Mar-20181.2500
 23-Mar-20170.5500

Contact Information

AMC: Mirae Asset Investment Managers (India) Pvt. Ltd.

Address: Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai - 400098

Phone: 022-67800301 / 1800-2090-777

Email: [email protected]

Website: www.miraeassetmf.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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