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Mirae Asset Tax Saver Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
  • NAV
    : ₹ 23.339 0.42%
    (as on 27th November, 2020)
Crisil Rank
Very good performance among peers
Risk-O-Meter
Moderately High

Fund has 98.4% investment in indian stocks of which 58.9% is in large cap stocks, 16.77% is in mid cap stocks, 6.58% 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.

Crisil Rank Change : Fund Crisil rank was updated from 4 to 5 in the previous quarter.

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Returns (NAV as on 27th November, 2020)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 20-Nov-20 10142.10 1.42% - 1.88% 40/63
1 Month 27-Oct-20 10971.70 9.72% - 9.98% 33/63
3 Month 27-Aug-20 11341.20 13.41% - 10.73% 5/63
6 Month 27-May-20 14808.10 48.08% - 40.81% 12/63
YTD 01-Jan-20 11559.10 15.59% - 10.69% 12/63
1 Year 27-Nov-19 11664.30 16.64% 16.59% 11.56% 12/63
2 Year 27-Nov-18 13725.60 37.26% 17.13% 9.73% 8/60
3 Year 27-Nov-17 13674.10 36.74% 10.98% 3.80% 4/50
Since Inception 28-Dec-15 23339.00 133.39% 18.80% 11.06% 4/57

SIP Returns (NAV as on 27th November, 2020)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 27-Nov-19 12000 15096.25 25.8 % 50.6 %
2 Year 27-Nov-18 24000 30602.28 27.51 % 25.2 %
3 Year 27-Nov-17 36000 46985.29 30.51 % 18.03 %
 

Tax Treatment

Portfolio (Updated on 31st Oct,2020)

Portfolio Turnover Ratio : 99.00%  |   Category average turnover ratio is 79.49%  
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 : 98.40% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.40%
No of Stocks : 56 (Category Avg - 47.14) | Large Cap Investments : 58.9%| Mid Cap Investments : 16.77% | Small Cap Investments : 6.58% | Other : 16.15%

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 4297.1 9.63% 0.55% 9.82% (Apr 2020) 8.84% (Jul 2020) 36.31 L 35.00 k
Infosys Ltd. Computers - software 3188.9 7.15% 0.05% 7.15% (Oct 2020) 3.48% (Feb 2020) 30.07 L 0.00
ICICI Bank Ltd. Banks 2723.2 6.10% 0.34% 6.42% (Nov 2019) 4.63% (Mar 2020) 69.36 L 0.00
Tata Consultancy Services Ltd. Computers - software 2007.1 4.50% 0.43% 4.5% (Oct 2020) 3.03% (Feb 2020) 7.53 L 55.00 k
Axis Bank Ltd. Banks 1832.7 4.11% 0.41% 5.03% (Feb 2020) 3.63% (Nov 2019) 37.21 L 0.00
Reliance Industries Ltd. Refineries/marketing 1692.7 3.79% -0.52% 7.86% (May 2020) 3.79% (Oct 2020) 8.24 L 0.00
Bharti Airtel Ltd. Telecom - services 1467.4 3.29% 0.15% 3.42% (Aug 2020) 0% (Nov 2019) 33.83 L 2.00 L
Housing Development Finance Corporation Ltd. Housing finance 1166.2 2.61% 0.14% 3.14% (Apr 2020) 1.83% (Jul 2020) 6.06 L 1.00
Max Financial Services Ltd. Nbfc 1128.7 2.53% 0.35% 2.53% (Oct 2020) 2.09% (Mar 2020) 19.11 L 3.93 L
ITC Limited Cigarettes 1108.6 2.48% 0.16% 3.52% (Nov 2019) 2.32% (Sep 2020) 67.08 L 9.50 L
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
Net Receivables Net Receivables 0.81%
MF Units MF Units 0.54%
TREPS TREPS 0.24%
MF Units MF Units 0.01%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 29th October, 2020)

  • Standard Deviation

    High volatility
    20.52vs17.5
    Category Avg
  • Beta

    High volatility
    0.99vs0.81
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    0.24vs-0.1
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.05vs-0.02
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    2.97vs-2.36
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Quant Tax Plan - Direct Plan - Growth NA 18.78 7.15 7.84 51.62 30.64 10.93
BOI AXA Tax Advantage Fund - Direct Plan - Growth 5 318.52 9.07 13.03 44.06 26.43 8.98
Parag Parikh Tax Saver Fund - Direct Plan - Growth NA 75.24 5.38 8.83 39.96 23.00 0.00
Canara Robeco Equity Tax Saver - Direct Plan - Growth 5 1216.95 7.67 12.18 38.43 19.95 12.29
UTI Long Term Equity Fund (Tax Saving) - Direct Plan - Growth 3 1379.32 11.55 12.97 40.76 15.31 6.89
Axis Long Term Equity Fund - Direct Plan - Growth 4 22631.51 12.94 16.24 39.57 14.57 12.14
Union Long Term Equity Fund - Direct Plan - Growth 4 274.42 7.82 9.79 38.06 13.33 7.18
JM Tax Gain Fund - (Direct) - Growth 3 39.84 12.24 15.90 47.55 12.83 8.46
Invesco India Tax Plan - Direct Plan - Growth 4 1154.17 8.86 11.03 36.97 12.73 8.46
BNP Paribas Long Term Equity Fund - Direct Plan - Growth 4 452.84 7.20 10.12 34.20 12.64 6.89

More Funds from Mirae Asset Mutual Fund

Out of 19 mutual fund schemes offered by this AMC, 2 is/are ranked 5 * , 4 is/are ranked 4 * , 1 is/are ranked 2 * , 1 is/are ranked 1 * , and 11 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 18999.07 7.96 9.66 39.57 7.91 7.76
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth 5 11928.63 10.11 12.41 45.26 17.74 10.01
Mirae Asset Tax Saver Fund - Direct Plan - Growth 5 4462.58 9.72 13.41 48.08 16.59 10.98
Mirae Asset Hybrid - Equity - Direct Plan - Growth 4 3824.02 7.10 8.56 29.27 10.16 9.01
Mirae Asset Focused Fund - Direct Plan - Growth NA 3701.26 9.54 12.22 49.92 17.03 0.00
Mirae Asset Cash Management Fund - Direct Plan - Growth 4 3153.00 0.28 0.85 1.73 4.48 6.23
Mirae Asset Midcap Fund - Direct Plan - Growth NA 2561.39 11.50 13.77 51.82 20.90 0.00
Mirae Asset Healthcare Fund - Direct Plan - Growth NA 1036.48 2.37 6.78 33.49 64.49 0.00
Mirae Asset Great Consumer Fund - Direct Plan - Growth NA 986.98 7.90 7.45 34.86 5.98 7.73
Mirae Asset Savings Fund - Direct Plan - Growth 1 844.88 0.56 1.66 3.91 6.98 7.05

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