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5 star

Mirae Asset Tax Saver Fund - Regular Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.40 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.10 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 5.48 -0.33 -0.05 11.03 22.98 35.77 26.35 11.82 21.30 -- --
S&P BSE 500 TRI 4.39 -0.52 -0.43 9.82 23.53 33.30 22.11 8.84 16.11 -- --
Equity: ELSS 4.00 -0.57 -0.94 9.25 21.88 31.00 19.15 6.35 14.21 -- --
Rank within category 3 6 2 4 15 4 5 3 1 -- --
Number of funds in category 38 38 38 38 38 38 38 35 33 29 27

As on 21-Jan-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 26.35 11.82 21.30 1.86 5,489
Axis Long Term Equity Fund
4 star
Dec-09 21.02 11.45 16.30 1.62 27,181
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 18.55 7.98 16.07 1.85 7,425
Tata India Tax Savings Fund  | Invest Online
4 star
Mar-96 16.37 6.59 14.91 2.04 2,481
Kotak Tax Saver Regular Plan  | Invest Online
4 star
Nov-05 16.26 8.82 15.50 2.14 1,527

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 12.86 22.93 0.35 0.41 1.00 2.30
S&P BSE 500 TRI 10.60 22.83 0.26 0.30 -- --
Equity: ELSS 7.85 22.37 0.14 0.16 0.95 -2.47
Rank within category 4 26 4 4 29 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-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 56
Top 10 Stocks (%) 46.79
Top 5 Stocks (%) 32.48
Top 3 Sectors (%) 59.55
Portfolio P/B Ratio 3.25
Portfolio P/E Ratio 26.03

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,31,275 1,14,833
Giant (%) 57.54 51.95
Large (%) 15.04 15.52
Mid (%) 20.12 24.52
Small (%) 7.31 8.19
Tiny (%) -- 0.18

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 26.46 10.37 7.61 9.71
down Infosys Technology 30.68 7.15 1.94 7.11
up ICICI Bank Financial 27.39 6.94 4.19 6.94
up Axis Bank Financial 58.29 5.50 0.45 4.71
equal Tata Consultancy Services Technology 39.34 4.50 0.05 4.01
equal Bharti Airtel Communication -- 3.48 0.00 3.48
equal Reliance Industries Ltd - Partly Paid Equity Energy -- 3.28
equal Dr. Reddy's Lab Healthcare 52.22 2.85 0.00 2.83
equal HDFC Financial 29.65 3.14 0.05 2.83
equal Max Financial Services Financial 94.87 2.77 0.00 2.65
equal State Bank of India Financial 11.22 5.11 2.14 2.53
up Maruti Suzuki India Automobile 60.04 2.90 1.90 2.43
equal Hindustan Unilever FMCG 79.35 2.47 0.00 2.23
down ITC FMCG 19.17 4.29 1.64 2.23
up Reliance Industries Energy 34.78 7.94 1.37 2.15
up JK Cement Construction 30.06 2.04 0.00 2.04
equal Kansai Nerolac Paints Chemicals 93.53 2.00 0.00 1.87
down BPCL Energy 20.95 2.09 0.00 1.69
up Gujarat State Petronet Energy 8.13 2.27 0.00 1.64
up Prince Pipes & Fittings Chemicals 30.00 1.60 0.00 1.60
up Natco Pharma Healthcare 37.13 1.86 0.00 1.57
equal Voltas Cons Durable 78.07 2.84 1.37 1.49
up Dabur India FMCG 63.20 2.35 0.00 1.48
up Tata Steel Metals -- 3.12 0.03 1.41
equal Bharat Electronics Engineering 18.92 2.08 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 31-Dec-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:


-0.33%

Change from previous, NAV as on 21-Jan-2021

Growth: ₹ 24.3910

Dividend: ₹ 19.5520


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: 19.22%
Benchmark: NIFTY 200 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 5,489 Cr (As on 31-Dec-2020)
Expense: 1.86% (As on 31-Dec-2020)
Risk Grade: Below Average
Return Grade: High
Turnover: 104.00%

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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