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Mirae Asset Tax Saver Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
  • NAV
    : ₹ 33.363 1.86%
    (as on 04th October, 2022)
Crisil Rank
Above average performance among peers
Risk-O-Meter
Very High

The fund has 99.44% investment in domestic equities of which 55.53% is in Large Cap stocks, 11.02% is in Mid Cap stocks, 8.2% in Small Cap stocks.

Suitable For : Investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. At the same time, these investors should also be ready for possibility of moderate losses in their investments and 3 year lock-in period.

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Returns (NAV as on 04th October, 2022)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 27-Sep-22 10183.80 1.84% - 2.01% 38/55
1 Month 02-Sep-22 9837.80 -1.62% - -0.46% 50/55
3 Month 04-Jul-22 10800.90 8.01% - 12.46% 55/55
6 Month 04-Apr-22 9677.20 -3.23% - 0.40% 51/55
YTD 31-Dec-21 9784.20 -2.16% - 1.71% 44/55
1 Year 04-Oct-21 9781.00 -2.19% -2.19% 2.53% 47/55
2 Year 01-Oct-20 16277.80 62.78% 27.46% 30.51% 35/55
3 Year 04-Oct-19 18441.80 84.42% 22.61% 21.93% 19/54
5 Year 04-Oct-17 21065.20 110.65% 16.06% 12.83% 6/44
Since Inception 28-Dec-15 33363.00 233.63% 19.47% 15.37% 6/51

SIP Returns (NAV as on 04th October, 2022)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 04-Oct-21 12000 12024.39 0.2 % 0.38 %
2 Year 01-Oct-20 24000 27020.57 12.59 % 11.84 %
3 Year 04-Oct-19 36000 48794.99 35.54 % 20.77 %
5 Year 04-Oct-17 60000 95166.75 58.61 % 18.5 %
 

Tax Treatment

You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh in a financial year. Any cess/surcharge is not included. However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).

Portfolio (Updated on 31st Aug,2022)

Portfolio Turnover Ratio : 73.00%  |   Category average turnover ratio is 56.42%  
Fund manager updated portfolio more frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for shorter duration than peers)
Equity Holding : 99.44% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.44%
No of Stocks : 69 (Category Avg - 46.50) | Large Cap Investments : 55.53%| Mid Cap Investments : 11.02% | Small Cap Investments : 8.2% | Other : 24.7%

Top 10 Stocks in Portfolio

How to read this table?
Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
HDFC Bank Ltd. Banks 10209.1 7.76% 0.16% 8.43% (Sep 2021) 7.15% (Mar 2022) 68.70 L 1.80 L
ICICI Bank Ltd. Banks 9333.4 7.10% 0.27% 7.7% (Jan 2022) 6.45% (Apr 2022) 1.05 Cr 0.00
Reliance Industries Ltd. Refineries/marketing 7713.8 5.87% 0.05% 6.59% (Apr 2022) 0.01% (Oct 2021) 29.24 L 0.00
Infosys Ltd. Computers - software 6441.6 4.90% -0.40% 7.54% (Mar 2022) 4.9% (Aug 2022) 43.15 L 0.00
Axis Bank Ltd. Banks 6093.4 4.63% -0.02% 4.66% (Jul 2022) 4.01% (Apr 2022) 81.08 L 0.00
State Bank Of India Banks 4719.5 3.59% -0.13% 4.14% (Jan 2022) 3.48% (Apr 2022) 88.84 L 0.00
Bharti Airtel Ltd. Telecom - services 4021.7 3.06% 0.53% 3.14% (Sep 2021) 1.29% (Feb 2022) 55.35 L 8.30 L
Tata Consultancy Services Ltd. Computers - software 3347.7 2.55% -0.18% 3.84% (Sep 2021) 2.55% (Aug 2022) 10.43 L 0.00
Larsen & Toubro Ltd. Engineering, designing, construction 2879.2 2.19% -0.11% 2.56% (Apr 2022) 1.38% (Sep 2021) 14.98 L -1.10 L
Sun Pharmaceutical Industries Ltd. Pharmaceuticals 2865.3 2.18% -0.22% 2.41% (Feb 2022) 1.7% (Oct 2021) 32.08 L 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
Net Receivables Net Receivables 0.30%
TREPS TREPS 0.25%
MF Units MF Units 0.00%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th September, 2022)

  • Standard Deviation

    High volatility
    21.53vs20.38
    Category Avg
  • Beta

    High volatility
    0.99vs0.9
    Category Avg
  • Sharpe Ratio

    Poor risk adjusted returns
    0.66vs0.68
    Category Avg
  • Treynor's Ratio

    Poor risk adjusted returns
    0.14vs0.16
    Category Avg
  • Jension's Alpha

    Poor risk adjusted returns
    1.34vs2.03
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Quant Tax Plan - Direct Plan - Growth 5 1787.29 0.47 17.77 3.34 12.81 42.22
HDFC Tax Saver Fund - Direct Plan - Growth 4 9787.51 -0.04 11.79 3.73 8.11 17.90
Parag Parikh Tax Saver Fund - Direct Plan - Growth NA 733.49 1.93 10.18 1.78 5.60 25.42
Kotak Tax Saver Fund - Direct Plan - Growth 4 2935.89 -0.69 12.12 -0.12 4.75 21.27
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth 5 3851.42 0.01 12.29 -0.93 4.26 25.58
PGIM India ELSS Tax Saver Fund - Direct Plan - Growth 5 415.69 -0.53 9.18 -2.87 3.66 20.91
Tata India Tax Savings Fund - Direct Plan - Growth 3 3118.97 -1.04 11.87 -1.06 3.55 18.72
Sundaram Tax Saving Fund - Direct Plan - Growth 3 969.37 -0.87 11.85 0.56 3.41 21.06
SBI Long Term Equity Fund - Direct Plan - Growth 4 11204.25 -1.34 10.34 1.45 2.70 19.99
Franklin India Taxshield Fund - Direct - Growth 3 4862.16 -0.59 11.61 -0.09 2.23 18.21

More Funds from Mirae Asset Mutual Fund

Out of 28 mutual fund schemes offered by this AMC, 4 is/are ranked 4 * , 7 is/are ranked 3 * , 1 is/are ranked 1 * , and 16 schemes are not ranked. See more about AMC

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Mirae Asset Large Cap Fund - Direct Plan - Growth 4 33746.57 -0.78 8.54 -2.00 -1.93 17.43
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth 4 23509.79 -1.89 8.05 -2.74 -3.34 23.48
Mirae Asset Tax Saver Fund - Direct Plan - Growth 4 13148.39 -1.62 8.01 -3.23 -2.19 22.61
Mirae Asset Focused Fund - Direct Plan - Growth 4 8992.52 -2.23 5.68 -6.12 -5.51 21.31
Mirae Asset Midcap Fund - Direct Plan - Growth NA 8498.50 -1.04 12.60 2.88 4.06 29.79
Mirae Asset Hybrid - Equity - Direct Plan - Growth 3 7052.63 -0.76 7.79 -1.02 0.27 16.60
Mirae Asset Cash Management Fund - Direct Plan - Growth 3 5127.65 0.44 1.31 2.37 4.20 4.12
Mirae Asset Great Consumer Fund - Direct Plan - Growth NA 1945.27 1.38 15.21 10.17 9.90 21.94
Mirae Asset Healthcare Fund - Direct Plan - Growth NA 1722.74 4.06 10.07 -1.05 -6.73 32.84
Mirae Asset Banking and Financial Services Fund - Direct Plan - Growth NA 1190.50 -2.72 12.20 -1.20 0.30 0.00

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