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4 star

Mirae Asset Tax Saver Fund - Regular Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.16 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.78 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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(₹)
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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 -6.04 1.56 -0.50 3.92 19.72 -5.53 5.34 5.08 -- -- --
S&P BSE 500 TRI -7.10 1.62 -0.64 4.74 20.15 -6.93 3.01 2.51 -- -- --
Equity: ELSS -7.14 1.26 0.11 4.69 17.57 -8.13 2.64 0.52 -- -- --
Rank within category 13 8 23 21 6 9 9 5 -- -- --
Number of funds in category 32 32 32 32 32 32 31 28 24 23 22

As on 04-Aug-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
4 star
Dec-15 5.34 5.08 -- 1.80 3,538
Axis Long Term Equity Fund  | Invest Online
5 star
Dec-09 2.80 5.26 7.15 1.73 20,292
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 3.78 1.73 5.80 1.92 10,101
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 2.23 1.75 6.91 1.90 5,789
Tata India Tax Savings Fund  | Invest Online
4 star
Mar-96 -1.84 1.35 6.63 2.31 1,855

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 7.44 21.89 0.10 0.11 1.00 2.69
S&P BSE 500 TRI 4.74 21.74 -0.02 -0.03 -- --
Equity: ELSS 2.76 21.29 -0.11 -0.12 0.95 -2.01
Rank within category 3 26 3 3 29 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 31-Jul-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 57
Top 10 Stocks (%) 44.99
Top 5 Stocks (%) 30.32
Top 3 Sectors (%) 59.95
Portfolio P/B Ratio 2.29
Portfolio P/E Ratio 17.06

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 98,601 89,760
Giant (%) 61.30 52.59
Large (%) 7.51 15.43
Mid (%) 24.65 23.93
Small (%) 6.55 8.24
Tiny (%) -- 0.13

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 20.09 10.01 7.22 9.40
down Reliance Industries Energy 34.24 7.94 1.09 6.14
up Infosys Technology 23.76 5.57 1.17 5.57
up ICICI Bank Financial 22.35 6.42 4.19 4.94
up Tata Consultancy Services Technology 27.04 4.31 0.04 4.27
equal Axis Bank Financial 71.57 5.50 0.00 3.77
equal Larsen & Toubro Construction 15.48 4.22 2.49 3.02
up ITC FMCG 16.47 4.29 1.23 2.71
up Maruti Suzuki India Automobile 47.65 3.22 1.90 2.62
equal State Bank of India Financial 7.92 5.11 2.55 2.55
equal Max Financial Services Financial 60.01 2.48 0.00 2.48
up Sun Pharmaceutical Inds. Healthcare 175.67 2.26 0.63 2.26
up Hindustan Unilever FMCG 75.34 2.24 0.00 2.24
down HDFC Financial 14.06 3.14 0.05 2.22
up Kotak Mahindra Bank Financial 30.77 4.86 0.39 2.16
up HDFC Life Insurance Financial 93.81 2.89 0.00 2.01
up Kansai Nerolac Paints Chemicals 57.05 2.00 0.00 2.00
equal NTPC Energy 12.60 2.18 0.00 1.90
up Bharti Airtel Communication -- 1.89 0.00 1.89
down Bharat Electronics Engineering 14.65 2.08 0.00 1.87
equal Gujarat State Petronet Energy 6.48 2.27 0.00 1.86
equal Indian Energy Exchange Financial 29.56 1.79 0.00 1.75
down Balkrishna Industries Automobile 26.71 1.90 0.00 1.74
down Havells India Engineering 59.19 3.14 0.17 1.69
up Voltas Cons Durable 39.08 2.84 1.37 1.67

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-Jun-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:


1.56%

Change from previous, NAV as on 04-Aug-2020

Growth: ₹ 17.8760

Dividend: ₹ 14.3300


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: 13.44%
Benchmark: NIFTY 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 3,538 Cr (As on 30-Jun-2020)
Expense: 1.80% (As on 30-Jun-2020)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 90.00%

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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