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5 star

Mirae Asset Tax Saver Fund - Regular Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.90 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.63 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 0.95 -1.17 -3.54 4.53 -1.68 11.65 29.48 23.96 21.35 -- --
S&P BSE 500 TRI 1.30 -1.18 -3.46 5.09 -1.91 12.84 27.73 19.90 17.62 -- --
Equity: ELSS 1.01 -1.40 -3.45 4.87 -1.36 11.58 28.11 19.21 16.03 -- --
Rank within category 22 9 22 24 22 24 14 3 3 -- --
Number of funds in category 37 37 37 37 37 37 37 34 33 28 27

As on 21-Jan-2022

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 29.48 23.96 21.35 1.77% 10,660
Axis Long Term Equity Fund
4 star
Dec-09 20.99 20.64 18.59 1.64% 33,785
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 31.92 22.22 16.99 1.78% 9,636
IDFC Tax Advantage (ELSS) Fund - Regular Plan
4 star
Dec-08 42.94 23.27 19.41 1.96% 3,533
Canara Robeco Equity Tax Saver Fund - Regular Plan  | Invest Online
5 star
Mar-93 29.35 23.90 20.28 2.06% 3,098

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 23.64 21.96 0.91 0.98 0.99 3.47
S&P BSE 500 TRI 20.28 21.92 0.75 0.85 -- --
Equity: ELSS 19.35 21.47 0.73 0.78 0.95 -0.12
Rank within category 4 22 4 5 27 4
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 31-Dec-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 63
Top 10 Stocks (%) 45.94
Top 5 Stocks (%) 31.84
Top 3 Sectors (%) 54.10
Portfolio P/B Ratio 3.70
Portfolio P/E Ratio 23.89

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,57,597 1,38,142
Giant (%) 58.73 54.34
Large (%) 15.61 14.65
Mid (%) 17.94 24.51
Small (%) 7.72 6.65
Tiny (%) -- 0.25

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 23.39 10.37 7.76 7.77
equal Infosys Technology 34.94 7.50 2.90 7.50
up ICICI Bank Financial 25.10 7.29 4.63 7.26
up Reliance Industries Energy 29.04 7.94 0.01 5.11
equal Axis Bank Financial 21.85 5.50 3.63 4.19
equal Tata Consultancy Services Technology 37.68 4.50 3.03 3.79
up State Bank of India Financial 15.66 5.11 2.14 3.64
up Sun Pharmaceutical Industries Healthcare 31.12 2.33 0.76 2.32
equal Larsen & Toubro Construction 31.37 4.22 1.06 2.21
equal JK Cement Construction 33.64 2.47 0.00 2.14
equal HCL Technologies Technology 28.79 2.14 0.00 2.14
up HDFC Financial 22.57 3.14 1.04 2.04
down Maruti Suzuki India Automobile 58.90 2.84 1.90 1.98
up Tata Steel Metals 4.59 3.12 0.03 1.98
down Torrent Pharmaceuticals Healthcare 42.06 2.07 0.00 1.70
equal Ambuja Cements Construction 22.78 1.91 0.00 1.70
up Gujarat State Petronet Energy 9.90 2.27 0.00 1.60
up Britannia Inds. FMCG 54.76 1.53 0.00 1.53
equal Orient Electric Consumer Durable 51.36 1.65 0.00 1.50
equal Tata Motors Automobile -- 1.49 0.00 1.48
up Hindustan Unilever FMCG 62.28 2.47 0.00 1.48
equal Voltas Consumer Durable 66.89 2.84 1.37 1.44
equal ITC FMCG 18.74 4.29 1.34 1.34
up Max Financial Services Financial 108.01 2.77 0.77 1.32
down Mphasis Technology 41.85 1.96 0.00 1.31

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-Dec-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:


-1.17%

Change from previous, NAV as on 21-Jan-2022

Growth: ₹ 31.5810

IDCW: ₹ 23.3560


Investment Strategy

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

Investment Details

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 5
Min. Withdrawal (₹) 500
Min. 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: 20.85%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 10,660 Cr (As on 31-Dec-2021)
Expense: 1.77% (As on 31-Dec-2021)
Risk Grade: Low
Return Grade: High
Turnover: 70.00%

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

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