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5 star

Mirae Asset Tax Saver Fund - Regular Plan

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Equity: ELSS

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1 Lakh

Investment Grown to
₹ 1.23 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.21 Lakh

Suitability:

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to 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 for 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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 4.27 0.89 0.51 6.77 11.35 31.64 10.53 7.26 -- -- --
S&P BSE 500 TRI 0.05 1.01 0.21 6.47 8.41 29.21 4.21 3.73 -- -- --
Equity: ELSS -0.69 1.04 0.48 5.86 8.33 25.33 2.83 1.87 -- -- --
Rank within category 6 23 20 12 3 3 5 4 -- -- --
Number of funds in category 38 38 38 38 38 38 38 34 30 29 27

As on 27-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
 Dec-15 10.53 7.26 -- 1.77 4,270
Axis Long Term Equity Fund
4 star
 Dec-09 2.15 7.40 9.50 1.72 21,836
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
 Mar-96 4.09 2.22 8.28 1.89 11,123
DSP Tax Saver Fund  | Invest Online
4 star
 Jan-07 0.44 2.78 9.22 1.86 6,178
Tata India Tax Savings Fund  | Invest Online
4 star
 Mar-96 0.19 2.18 8.69 2.08 2,070

Best & Worst Performance

Best (Period) Worst (Period)
Week 10.33 (24-Mar-2020 - 31-Mar-2020) -17.62 (16-Mar-2020 - 23-Mar-2020)
Month 22.67 (23-Mar-2020 - 22-Apr-2020) -36.96 (20-Feb-2020 - 23-Mar-2020)
Quarter 37.24 (23-Mar-2020 - 22-Jun-2020) -36.00 (23-Dec-2019 - 23-Mar-2020)
Year 52.34 (26-Dec-2016 - 26-Dec-2017) -29.96 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.76 22.09 0.21 0.24 1.00 3.15
S&P BSE 500 TRI 6.61 21.81 0.07 0.08 -- --
Equity: ELSS 4.36 21.40 -0.03 -0.03 0.95 -2.17
Rank within category 3 26 3 3 30 3
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 30-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 55
Top 10 Stocks (%) 44.35
Top 5 Stocks (%) 30.33
Top 3 Sectors (%) 58.10
Portfolio P/B Ratio 2.61
Portfolio P/E Ratio 22.90

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,06,204 93,415
Giant (%) 57.41 50.27
Large (%) 12.12 15.96
Mid (%) 24.31 25.18
Small (%) 6.17 8.58
Tiny (%) -- 0.14

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
equal HDFC Bank Financial 22.44 10.01 7.22 9.08
up Infosys Technology 25.68 7.10 1.94 7.10
up ICICI Bank Financial 26.86 6.42 4.19 5.76
down Reliance Industries Energy 32.00 7.94 1.09 4.31
down Tata Consultancy Services Technology 32.10 4.31 0.04 4.07
up Axis Bank Financial 91.35 5.50 0.00 3.70
up Bharti Airtel Communication -- 3.42 0.00 3.14
up Reliance Industries Ltd - Partly Paid Equity Energy -- 2.67
up HDFC Financial 16.11 3.14 0.05 2.47
equal Hindustan Unilever FMCG 72.56 2.47 0.00 2.36
equal Larsen & Toubro Construction 16.48 4.22 2.35 2.35
equal Maruti Suzuki India Automobile 53.80 2.90 1.90 2.35
equal ITC FMCG 14.09 4.29 1.23 2.32
equal State Bank of India Financial 7.87 5.11 2.19 2.19
up Max Financial Services Financial 65.13 2.48 0.00 2.18
up Kansai Nerolac Paints Chemicals 67.23 2.00 0.00 1.98
down Voltas Cons Durable 53.64 2.84 1.37 1.96
up Natco Pharma Healthcare 38.39 1.86 0.00 1.86
down Emami FMCG 53.16 1.99 0.00 1.80
up Gujarat State Petronet Energy 6.79 2.27 0.00 1.67
equal Dr. Reddy's Lab Healthcare 42.33 1.64 0.00 1.64
up BPCL Energy 21.62 1.60 0.00 1.60
equal Vinati Organics Chemicals 38.72 1.99 0.76 1.53
down Prince Pipes & Fittings Chemicals 26.11 1.48 0.00 1.47
down Ashok Leyland Automobile -- 1.43 0.00 1.40

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 30-Sep-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
0.89%

Change from previous, NAV as on 27-Oct-2020

Growth: ₹ 19.8370

Dividend: ₹ 15.9020

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: 15.22%
Benchmark: NIFTY 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 4,270 Cr (As on 30-Sep-2020)
Expense: 1.77% (As on 30-Sep-2020)
Risk Grade: Below Average
Return Grade: High
Turnover: 88.00%

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: http://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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