Performance Update

Mirae Asset Tax Saver: Back in form

After a rare performance glitch in 2022, the fund has bounced back

After a rare performance glitch in 2022, the fund has bounced back

हिंदी में भी पढ़ें read-in-hindi

A king when it comes to delivering consistent returns, Mirae Asset Tax Saver has never slipped below 5-star rating. However, the fund had a rare setback in 2022. But it has regained momentum, thanks to better damage control in the first quarter of this calendar year. Reasons for resurgence Some strategic adjustments to the portfolio by the fund manager following last year's underperformance worked in favour of the fund. For instance, an overweight position in the Services sector, including holdings in Delhivery, PB Fintech and Zomato, has paid off well. Among the long-term holdings, ICICI Bank, L&T, and Auto sector significantly contributed to the fun

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