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5 star

Mirae Asset Tax Saver Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 2.16 Lakh

₹ 10000

Monthly SIP Grown to
₹ 6.12 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 39.75 -0.51 -2.27 2.91 12.02 28.57 63.48 29.17 22.34 -- --
S&P BSE 500 TRI 35.14 -0.58 -2.33 2.74 12.89 27.71 60.02 23.14 16.86 -- --
Equity: ELSS 35.56 -0.51 -2.24 2.79 11.45 27.66 59.31 23.02 16.06 -- --
Rank within category 9 21 25 18 18 19 12 3 2 -- --
Number of funds in category 38 38 38 38 38 38 38 35 34 29 1

As on 22-Oct-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 63.48 29.17 22.34 0.44% 9,832
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 61.88 26.11 19.09 0.74% 34,371
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 66.82 27.40 17.53 0.81% 9,756
IDFC Tax Advantage (ELSS) Fund - Direct Plan
4 star
Jan-13 80.35 25.85 19.23 0.81% 3,439
Canara Robeco Equity Tax Saver Fund - Direct Plan  | Invest Online
5 star
Jan-13 59.93 29.12 19.99 0.80% 2,772

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 25.90 21.97 1.00 1.08 0.99 5.39
S&P BSE 500 TRI 20.70 22.02 0.76 0.86 -- --
Equity: ELSS 20.60 21.56 0.77 0.83 0.95 0.72
Rank within category 3 22 4 4 26 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 30-Sep-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 60
Top 10 Stocks (%) 42.85
Top 5 Stocks (%) 29.17
Top 3 Sectors (%) 52.96
Portfolio P/B Ratio 3.90
Portfolio P/E Ratio 25.80

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,37,940 1,33,866
Giant (%) 54.66 51.26
Large (%) 19.03 16.18
Mid (%) 18.52 25.11
Small (%) 7.80 7.62
Tiny (%) -- 0.22

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 27.22 10.37 7.76 8.43
down ICICI Bank Financial 26.31 7.29 4.63 6.57
equal Infosys Technology 34.62 7.15 1.94 5.98
down Reliance Industries Ltd - Partly Paid Equity Energy -- 4.36
equal Axis Bank Financial 29.64 5.50 3.16 4.28
up State Bank of India Financial 17.95 5.11 2.14 3.92
equal Tata Consultancy Services Technology 35.39 4.50 3.03 3.84
equal Bharti Airtel Communication 360.64 3.51 0.00 3.14
up Maruti Suzuki India Automobile 43.62 2.84 1.90 2.36
down HDFC Financial 26.03 3.14 0.05 2.24
up Tata Steel Metals 7.50 3.12 0.03 2.09
equal JK Cement Construction 28.95 2.47 0.00 2.08
up Mphasis Technology 46.01 1.94 0.00 1.94
equal Torrent Pharmaceuticals Healthcare 39.95 2.07 0.00 1.85
down Kotak Mahindra Bank Financial 43.30 4.07 0.36 1.83
down Voltas Consumer Durable 68.54 2.84 1.37 1.80
up Sun Pharmaceutical Industries Healthcare 32.54 2.33 0.76 1.72
up Ambuja Cements Construction 23.49 1.73 0.00 1.71
up ITC FMCG 20.93 4.29 1.34 1.58
up Gujarat State Petronet Energy 9.37 2.27 0.00 1.56
equal Havells India Engineering 67.56 2.91 0.17 1.46
equal HDFC Life Insurance Insurance 123.88 2.89 0.00 1.43
equal Dr. Reddy's Lab Healthcare 44.37 2.85 0.00 1.38
up Larsen & Toubro Construction 20.20 4.22 1.06 1.38
equal SBI Life Insurance Company Insurance 90.50 1.69 0.00 1.37

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-Sep-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:


-0.51%

Change from previous, NAV as on 22-Oct-2021

Growth: ₹ 34.7450

IDCW: ₹ 26.7560


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: 23.85%
Benchmark: NIFTY 200 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 9,832 Cr (As on 30-Sep-2021)
Expense: 0.44% (As on 30-Sep-2021)
Risk Grade: Low
Return Grade: High
Turnover: 79.00%

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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