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5 star

Mirae Asset Tax Saver Fund - Direct Plan download report


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.90 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.05 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
Mirae Asset Tax Saver Direct-G -1.53 0.17 1.37 8.73 3.94 -2.06 5.15 23.94 16.29 -- --
S&P BSE 500 TRI 0.64 0.04 1.62 10.88 4.16 -0.06 8.03 20.74 12.70 -- --
Equity: ELSS -1.13 0.22 1.38 9.90 4.51 -1.94 5.46 20.40 12.13 -- --
Rank within category 23 20 16 32 24 20 23 6 3 -- --
Number of funds in category 36 36 36 36 36 36 36 35 32 28 1

As on 05-Aug-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 - Direct Plan  | Invest Online
5 star
Dec-15 5.15 23.94 16.29 0.57 11,495
DSP Tax Saver Fund - Direct Plan
4 star
Jan-13 3.47 21.92 13.53 0.84 9,091
Canara Robeco Equity Tax Saver Fund - Direct Plan  | Invest Online
5 star
Jan-13 6.38 24.72 16.49 0.66 3,518
IDFC Tax Advantage (ELSS) Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.89 25.80 14.47 0.77 3,399
Kotak Tax Saver - Direct Plan  | Invest Online
4 star
Jan-13 8.27 21.84 13.52 0.75 2,529

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
Mirae Asset Tax Saver Direct-G 23.07 22.59 0.87 0.95 1.00 2.81
S&P BSE 500 TRI 20.28 22.43 0.75 0.86 -- --
Equity: ELSS 19.92 21.78 0.75 0.82 0.94 0.63
Rank within category 6 24 5 7 29 5
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-Jul-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 67
Top 10 Stocks (%) 44.89
Top 5 Stocks (%) 31.19
Top 3 Sectors (%) 53.57
Portfolio P/B Ratio 3.08
Portfolio P/E Ratio 19.76

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,34,132 1,34,619
Giant (%) 53.13 53.55
Large (%) 18.54 18.01
Mid (%) 21.41 22.43
Small (%) 6.91 6.34
Tiny (%) -- 0.19

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 19.97 10.37 7.15 7.85
up Infosys Technology 30.54 7.54 3.25 6.52
equal ICICI Bank Financial 21.04 7.70 4.63 6.47
equal Reliance Industries Energy 25.83 7.94 0.01 6.15
up Axis Bank Financial 13.86 5.03 3.63 4.20
equal State Bank of India Financial 13.41 5.11 2.14 3.60
down Tata Consultancy Services Technology 31.74 4.50 2.75 2.96
up Bharti Airtel Communication 98.40 3.51 0.00 2.46
equal Larsen & Toubro Construction 27.31 4.22 1.06 2.45
equal Sun Pharmaceutical Industries Healthcare 56.53 2.41 0.76 2.23
up HCL Technologies Technology 19.15 2.27 0.00 2.22
equal SBI Cards & Payments Services Financial 45.51 1.90 0.00 1.90
down HDFC Financial 18.68 3.14 1.72 1.72
equal SKF India Capital Goods 48.50 1.71 0.00 1.71
up Gland Pharma Healthcare 34.15 1.65 0.00 1.65
up Havells India Capital Goods 67.06 1.79 0.17 1.61
up JK Cement Materials 29.47 2.47 1.00 1.57
equal Britannia Inds. Consumer Staples 60.33 1.57 0.00 1.53
equal Torrent Pharmaceuticals Healthcare 65.71 2.07 0.00 1.52
equal Maruti Suzuki India Automobile 60.11 2.63 1.32 1.51
equal Bharat Petroleum Corporation Energy 6.25 2.09 0.00 1.48
equal NTPC Energy 9.19 2.18 0.00 1.47
equal Shriram Transport Finance Company Financial 10.47 1.37 0.00 1.37
up TVS Motor Company Automobile 42.00 1.32 0.00 1.32
equal Gujarat State Petronet Energy 8.29 2.27 1.30 1.30

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-Jun-2022

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:


0.17%

Change from previous, NAV as on 05-Aug-2022

Growth: ₹ 33.5780

IDCW: ₹ 23.7580


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: 20.12%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 11,495 Cr (As on 30-Jun-2022)
Expense Ratio: 0.57% (As on 30-Jun-2022)
Risk Grade: Low
Return Grade: High
Turnover: 69.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW14-Mar-20222.0000

 15-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

Website: http://www.miraeassetmf.co.in

Registrar & Transfer Agent: KFin Technologies 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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