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5 star

Mirae Asset Tax Saver Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.78 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.65 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 21.53 0.29 1.07 6.84 7.13 25.13 78.61 21.29 23.20 -- --
S&P BSE 500 TRI 18.66 0.37 1.38 7.55 7.28 22.47 69.47 14.89 16.28 -- --
Equity: ELSS 18.33 0.30 1.45 6.90 6.89 22.35 65.91 14.00 15.76 -- --
Rank within category 10 20 27 20 13 10 4 2 2 -- --
Number of funds in category 38 38 38 38 38 38 38 35 33 29 1

As on 11-Jun-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 - Direct Plan  | Invest Online
5 star
Dec-15 78.61 21.29 23.20 0.48 7,940
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 57.86 15.89 17.49 0.78 29,575
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 72.66 18.16 18.12 0.86 8,747
Canara Robeco Equity Tax Saver Fund - Direct Plan  | Invest Online
5 star
Jan-13 71.90 20.79 19.13 1.03 2,227
Kotak Tax Saver - Direct Plan  | Invest Online
4 star
Jan-13 65.65 17.67 17.64 0.86 1,988

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 10.36 24-Mar-2020 - 31-Mar-2020 -17.60 16-Mar-2020 - 23-Mar-2020
Month 22.83 23-Mar-2020 - 22-Apr-2020 -36.88 20-Feb-2020 - 23-Mar-2020
Quarter 37.77 23-Mar-2020 - 22-Jun-2020 -35.77 23-Dec-2019 - 23-Mar-2020
Year 113.28 23-Mar-2020 - 23-Mar-2021 -28.79 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 21.50 22.82 0.75 0.86 0.99 5.77
S&P BSE 500 TRI 15.83 22.84 0.50 0.59 -- --
Equity: ELSS 14.81 22.45 0.47 0.52 0.96 -0.53
Rank within category 2 23 3 2 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 31-May-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 61
Top 10 Stocks (%) 43.87
Top 5 Stocks (%) 30.06
Top 3 Sectors (%) 55.39
Portfolio P/B Ratio 3.55
Portfolio P/E Ratio 25.58

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,31,567 1,22,008
Giant (%) 55.09 51.48
Large (%) 16.74 15.74
Mid (%) 20.55 24.34
Small (%) 7.63 8.63
Tiny (%) -- 0.30

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 25.76 10.37 7.76 8.12
equal ICICI Bank Financial 23.94 7.18 4.26 7.18
equal Infosys Technology 31.86 7.15 1.94 6.27
equal Axis Bank Financial 31.45 5.50 1.61 4.67
up Tata Consultancy Services Technology 37.32 4.50 1.51 3.82
equal State Bank of India Financial 17.11 5.11 2.14 3.60
equal Bharti Airtel Communication -- 3.51 0.00 2.91
equal Maruti Suzuki India Automobile 49.70 2.90 1.90 2.50
up Tata Steel Metals 18.63 3.12 0.03 2.44
equal Reliance Industries Ltd - Partly Paid Equity Energy -- 2.41
up HDFC Financial 24.65 3.14 0.05 2.37
up JK Cement Construction 33.70 2.47 0.00 2.14
up Torrent Pharmaceuticals Healthcare 38.92 2.02 0.00 2.02
equal Reliance Industries Energy 30.46 7.94 1.89 1.89
equal Muthoot Finance Financial 15.54 1.86 0.00 1.86
up Gujarat State Petronet Energy 10.73 2.27 0.00 1.81
equal Kotak Mahindra Bank Financial 35.63 4.86 0.36 1.77
down Dr. Reddy's Lab Healthcare 46.46 2.85 0.00 1.73
up Kansai Nerolac Paints Chemicals 59.30 2.00 0.00 1.60
down Prince Pipes & Fittings Chemicals 35.36 1.78 0.00 1.58
equal Voltas Cons Durable 65.91 2.84 1.37 1.52
equal ITC FMCG 19.45 4.29 1.46 1.46
up SBI Life Insurance Company Financial 67.88 1.69 0.00 1.44
down BPCL Energy 6.49 2.09 0.00 1.44
equal Hindustan Unilever FMCG 69.55 2.47 0.00 1.39

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-May-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:


0.29%

Change from previous, NAV as on 11-Jun-2021

Growth: ₹ 30.2160

IDCW: ₹ 23.2680


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: 22.46%
Benchmark: NIFTY 200 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 7,940 Cr (As on 31-May-2021)
Expense: 0.48% (As on 30-Apr-2021)
Risk Grade: Low
Return Grade: High
Turnover: 90.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW15-Mar-20211.8000

 16-Jan-20200.3984
 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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