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5 star

Mirae Asset Tax Saver Fund - Regular Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.55 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.15 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 11.49 -0.47 -1.07 2.79 -0.05 21.67 75.33 15.83 20.65 -- --
S&P BSE 500 TRI 8.85 -0.53 -0.69 2.39 0.07 20.24 68.45 11.48 15.22 -- --
Equity: ELSS 8.59 -0.64 -0.82 2.45 -0.26 19.87 61.52 9.35 13.43 -- --
Rank within category 8 14 28 12 14 13 3 3 2 -- --
Number of funds in category 38 38 38 38 38 38 38 35 33 29 27

As on 14-May-2021

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 75.33 15.83 20.65 1.97 7,251
Axis Long Term Equity Fund
4 star
Dec-09 52.25 12.22 15.23 1.85 28,239
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 68.41 13.13 16.04 1.79 8,176
Canara Robeco Equity Tax Saver Fund - Regular Plan  | Invest Online
5 star
Mar-93 62.28 16.16 16.52 2.34 2,044
Kotak Tax Saver Regular Plan  | Invest Online
4 star
Nov-05 61.22 12.65 15.00 2.10 1,866

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 110.02 23-Mar-2020 - 23-Mar-2021 -29.96 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 16.99 22.63 0.56 0.65 0.99 4.16
S&P BSE 500 TRI 12.90 22.64 0.38 0.43 -- --
Equity: ELSS 10.82 22.29 0.29 0.33 0.96 -1.73
Rank within category 2 21 3 3 27 3
Number of funds in category 35 35 35 35 35 35

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

As on 30-Apr-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 63
Top 10 Stocks (%) 44.21
Top 5 Stocks (%) 30.90
Top 3 Sectors (%) 55.20
Portfolio P/B Ratio 3.41
Portfolio P/E Ratio 25.74

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,22,969 1,16,158
Giant (%) 53.61 51.00
Large (%) 17.68 16.48
Mid (%) 20.85 24.08
Small (%) 7.86 8.63
Tiny (%) -- 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 24.03 10.37 7.76 8.29
up ICICI Bank Financial 22.48 7.12 4.26 7.12
equal Infosys Technology 29.00 7.15 1.94 6.67
equal Axis Bank Financial 29.18 5.50 0.95 4.87
equal Tata Consultancy Services Technology 34.80 4.50 1.43 3.96
up State Bank of India Financial 13.87 5.11 2.14 3.28
equal Bharti Airtel Communication -- 3.51 0.00 3.20
up Maruti Suzuki India Automobile 46.38 2.90 1.90 2.49
equal Reliance Industries Ltd - Partly Paid Equity Energy -- 2.32
up HDFC Financial 23.31 3.14 0.05 2.21
down Tata Steel Metals 18.20 3.12 0.03 2.13
equal JK Cement Construction 32.63 2.47 0.00 2.13
down Dr. Reddy's Lab Healthcare 44.28 2.85 0.00 1.91
equal Reliance Industries Energy 26.66 7.94 1.91 1.91
up Deepak Nitrite Chemicals 30.38 1.90 0.00 1.90
up Gujarat State Petronet Energy 9.60 2.27 0.00 1.90
up Kotak Mahindra Bank Financial 33.88 4.86 0.36 1.87
equal Torrent Pharmaceuticals Healthcare 37.09 1.93 0.00 1.82
up Muthoot Finance Financial 12.97 1.80 0.00 1.80
equal Max Financial Services Financial 92.95 2.77 0.77 1.68
equal Prince Pipes & Fittings Chemicals 31.42 1.78 0.00 1.65
up Voltas Cons Durable 62.99 2.84 1.37 1.58
down Hindustan Unilever FMCG 69.85 2.47 0.00 1.53
up Kansai Nerolac Paints Chemicals 56.47 2.00 0.00 1.50
equal BPCL Energy 23.88 2.09 0.00 1.50

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-Apr-2021

Fund Manager

— Neelesh Surana since 20-Nov-2015

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

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

Interviews:

Funds Managed:


-0.47%

Change from previous, NAV as on 14-May-2021

Growth: ₹ 25.7790

IDCW: ₹ 19.0650


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 (₹) --
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 28-Dec-2015
Return Since Launch: 19.24%
Benchmark: NIFTY 200 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 7,251 Cr (As on 30-Apr-2021)
Expense: 1.97% (As on 31-Mar-2021)
Risk Grade: Low
Return Grade: High
Turnover: 98.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW15-Mar-20211.6000

 16-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

Last Session

Investors' Hangout

With the resurgence of COVID-19, what should investors do?

DateFriday, 07-May-2021
Time12:30 PM - 01:00 PM

Registration Over