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Mirae Asset Tax Saver Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
  • NAV
    : ₹ 27.831 -1.19%
    (as on 05th March, 2021)
Crisil Rank
Very good performance among peers
Risk-O-Meter
Moderately High

Fund has 98.59% investment in indian stocks of which 56.75% is in large cap stocks, 16.33% is in mid cap stocks, 7.85% 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 05th March, 2021)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 26-Feb-21 10280.70 2.81% - 2.58% 22/63
1 Month 05-Feb-21 10297.10 2.97% - 3.02% 31/63
3 Month 04-Dec-20 11695.20 16.95% - 15.52% 15/63
6 Month 04-Sep-20 13824.30 38.24% - 34.47% 14/63
YTD 01-Jan-21 11133.30 11.33% - 10.23% 17/63
1 Year 05-Mar-20 14481.70 44.82% 44.82% 34.48% 4/63
2 Year 05-Mar-19 15870.80 58.71% 25.94% 18.47% 6/61
3 Year 05-Mar-18 16721.30 67.21% 18.67% 10.43% 4/53
5 Year 04-Mar-16 29463.30 194.63% 24.09% 16.47% 2/39
Since Inception 28-Dec-15 27831.00 178.31% 21.81% 14.26% 5/57

SIP Returns (NAV as on 05th March, 2021)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 05-Mar-20 12000 16940.68 41.17 % 84.54 %
2 Year 05-Mar-19 24000 34785.32 44.94 % 40.33 %
3 Year 05-Mar-18 36000 54494.87 51.37 % 28.88 %
5 Year 04-Mar-16 60000 105834.39 76.39 % 22.89 %
 

Tax Treatment

Portfolio (Updated on 31st Jan,2021)

Portfolio Turnover Ratio : 103.00%  |   Category average turnover ratio is 139.61%  
Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)
Equity Holding : 98.59% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.59%
No of Stocks : 60 (Category Avg - 46.97) | Large Cap Investments : 56.75%| Mid Cap Investments : 16.33% | Small Cap Investments : 7.85% | Other : 17.65%

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 5373.9 9.51% -0.19% 10.37% (Nov 2020) 8.84% (Jul 2020) 38.65 L 1.54 L
Infosys Ltd. Computers - software 3973.3 7.03% -0.07% 7.15% (Oct 2020) 3.48% (Feb 2020) 32.07 L 1.00 L
- ICICI Bank Ltd. Banks 3922.2 6.94% 0.00% 6.94% (Jan 2021) 4.63% (Mar 2020) 73.04 L 1.80 L
Axis Bank Ltd. Banks 2761.8 4.89% 0.18% 5.03% (Feb 2020) 3.7% (Sep 2020) 41.66 L 0.00
Tata Consultancy Services Ltd. Computers - software 2457.4 4.35% 0.34% 4.5% (Oct 2020) 3.03% (Feb 2020) 7.90 L 21.65 k
Bharti Airtel Ltd. Telecom - services 1980.8 3.51% 0.03% 3.51% (Jan 2021) 0% (Feb 2020) 35.78 L -1.70 L
Reliance Industries Ltd. - Partly Paid Refineries/marketing 1557.8 2.76% -0.52% 3.33% (Nov 2020) 0% (Feb 2020) 16.10 L 0.00
State Bank Of India Banks 1425.7 2.52% -0.01% 4.23% (Feb 2020) 2.14% (Oct 2020) 50.54 L 0.00
Housing Development Finance Corporation Ltd. Housing finance 1382.1 2.45% -0.38% 3.14% (Apr 2020) 1.83% (Jul 2020) 5.81 L -0.25 L
Dr. Reddys Laboratories Ltd. Pharmaceuticals 1372 2.43% -0.40% 2.85% (Nov 2020) 0.08% (Apr 2020) 2.98 L 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
MF Units MF Units 0.72%
Net Receivables Net Receivables 0.37%
TREPS TREPS 0.31%
MF Units MF Units 0.01%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 26th February, 2021)

  • Standard Deviation

    High volatility
    20.95vs18.5
    Category Avg
  • Beta

    High volatility
    0.98vs0.83
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    0.62vs0.29
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.13vs0.06
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    3.62vs-0.86
    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 49.20 5.74 20.14 41.18 73.77 20.97
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth 3 2678.13 5.39 21.28 43.08 46.66 11.14
BOI AXA Tax Advantage Fund - Direct Plan - Growth 5 368.19 4.22 14.76 34.14 40.77 14.21
Parag Parikh Tax Saver Fund - Direct Plan - Growth NA 116.03 0.09 9.11 23.96 39.58 0.00
Canara Robeco Equity Tax Saver - Direct Plan - Growth 5 1538.48 0.14 16.23 36.84 38.60 18.80
PGIM India Long Term Equity Fund - Direct Plan - Growth 4 339.05 1.45 15.33 34.84 38.35 12.82
Quantum Tax Saving Fund - Direct Plan - Growth 2 81.28 0.74 14.50 37.42 37.64 8.92
SBI Long Term Equity Fund - Direct Plan - Growth 3 8728.76 0.94 14.72 31.35 36.89 10.03
Union Long Term Equity Fund - Direct Plan - Growth 4 308.78 1.87 14.52 31.38 36.13 13.38
Principal Tax Saving Fund - Direct Plan 2 477.42 0.15 13.88 32.99 36.09 8.92

More Funds from Mirae Asset Mutual Fund

Out of 21 mutual fund schemes offered by this AMC, 2 is/are ranked 5 * , 5 is/are ranked 3 * , 1 is/are ranked 2 * , and 13 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 3 21745.53 0.86 13.48 29.89 32.06 14.16
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth 5 14415.74 3.17 17.23 38.03 42.76 18.48
Mirae Asset Tax Saver Fund - Direct Plan - Growth 5 5647.90 2.97 16.95 38.24 44.82 18.67
Mirae Asset Focused Fund - Direct Plan - Growth NA 4601.24 3.46 16.39 35.63 44.42 0.00
Mirae Asset Hybrid - Equity - Direct Plan - Growth 3 4383.57 0.95 11.28 25.04 29.30 14.27
Mirae Asset Midcap Fund - Direct Plan - Growth NA 3433.27 4.06 20.95 45.63 49.47 0.00
Mirae Asset Cash Management Fund - Direct Plan - Growth 3 3351.38 0.25 0.81 1.64 3.89 5.90
Mirae Asset Healthcare Fund - Direct Plan - Growth NA 1166.01 -1.65 2.30 15.22 56.72 0.00
Mirae Asset Great Consumer Fund - Direct Plan - Growth NA 1100.51 0.18 12.16 25.11 24.89 13.37
Mirae Asset Savings Fund - Direct Plan - Growth 2 1066.10 0.30 0.58 2.01 6.13 6.80

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