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Mirae Asset Tax Saver Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.67 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.45 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto 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 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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 2.81 0.64 -0.23 3.30 9.81 13.85 20.63 18.76 -- -- --
S&P BSE 500 TRI 2.22 0.61 -0.30 2.28 6.97 10.84 12.61 12.83 -- -- --
Equity: ELSS 2.76 0.73 0.10 3.06 6.70 12.15 14.43 12.13 -- -- --
Rank within category 18 27 27 17 3 13 7 1 -- -- --
Number of funds in category 38 38 38 38 37 36 35 34 30 28 1

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 7.65 (19-Sep-2019 - 26-Sep-2019) -7.00 (05-Feb-2016 - 12-Feb-2016)
Month 10.74 (26-Dec-2016 - 25-Jan-2017) -11.81 (07-Sep-2018 - 09-Oct-2018)
Quarter 19.11 (29-Feb-2016 - 30-May-2016) -8.76 (22-Dec-2017 - 23-Mar-2018)
Year 54.30 (26-Dec-2016 - 26-Dec-2017) -6.76 (29-Jan-2018 - 29-Jan-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 18.97 12.71 1.04 1.51 0.95 5.58
S&P BSE 500 TRI 13.80 13.09 0.62 0.92 -- --
Equity: ELSS 13.10 13.33 0.55 0.82 0.96 -0.35
Rank within category 1 9 1 1 18 1
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-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 55
Top 10 Stocks (%) 45.72
Top 5 Stocks (%) 28.84
Top 3 Sectors (%) 58.59
Portfolio P/B Ratio 2.95
Portfolio P/E Ratio 23.02

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,01,118 98,037
Giant (%) 54.20 52.66
Large (%) 13.68 14.56
Mid (%) 26.40 24.99
Small (%) 5.61 8.12
Tiny (%) 0.11 0.23

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 25.29 10.01 4.31 8.88
equal ICICI Bank Financial 36.58 6.42 4.15 6.33
up State Bank of India Financial 27.89 5.11 1.55 4.77
equal Reliance Industries Energy 22.02 5.81 0.02 4.64
up Larsen & Toubro Construction 19.37 4.22 2.47 4.22
equal Infosys Technology 20.26 5.10 1.17 3.90
up Axis Bank Financial 43.59 5.50 0.00 3.63
equal Tata Consultancy Services Technology 25.10 4.31 0.04 3.29
equal ITC FMCG 20.77 4.29 1.23 3.19
down Indusind Bank Financial 19.57 5.31 1.65 2.87
up Voltas Cons Durable 47.75 2.73 0.99 2.73
equal HDFC Financial 34.12 2.74 0.00 2.69
equal Page Industries Textiles 72.95 2.92 0.00 2.49
equal Max Financial Services Financial 79.24 2.47 0.00 2.45
equal Maruti Suzuki India Automobile 35.50 4.31 2.08 2.18
up Tata Global Beverages FMCG 62.62 4.27 1.24 2.14
up Gujarat State Petronet Energy 14.75 2.17 0.00 2.11
up Dabur India FMCG 58.00 2.35 0.00 2.10
up HPCL Energy 7.22 3.25 0.90 2.05
equal Balkrishna Industries Automobile 26.07 1.81 0.00 1.76
up Sun Pharmaceutical Inds. Healthcare 24.85 2.69 0.63 1.73
up NTPC Energy 9.53 1.91 0.00 1.69
up Power Finance Corp. Financial 4.54 1.66 0.00 1.66
up Dr. Lal Pathlabs Healthcare 62.93 1.62 0.00 1.39
equal Biocon Healthcare 41.19 1.32 0.00 1.29

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-2019

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:


0.64%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 20.7160

Dividend: ₹ 17.2940


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: 19.56%
Benchmark: NIFTY 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 3,066 Cr (As on 31-Dec-2019)
Expense: 0.28% (As on 31-Dec-2019)
Risk Grade: Low
Return Grade: High
Turnover: 61.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend16-Jan-20200.3984

 06-Dec-20180.4427
 12-Mar-20181.2500
 23-Mar-20170.5500

Contact Information

AMC: Mirae Asset Global Investments (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: www.miraeassetmf.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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dateFriday, 31-Jan-2020
time12:30 PM - 01:00 PM