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Mirae Asset Tax Saver Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
  • NAV
    : ₹ 33.731 0.46%
    (as on 08th August, 2022)
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Crisil Rank
Above average performance among peers
Risk-O-Meter
Very High

The fund has 99.11% investment in domestic equities of which 58.49% is in Large Cap stocks, 11.52% is in Mid Cap stocks, 7.1% 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 08th August, 2022)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 01-Aug-22 10068.70 0.69% - 0.84% 40/55
1 Month 08-Jul-22 10640.70 6.41% - 7.80% 47/55
3 Month 06-May-22 10604.60 6.05% - 8.38% 47/55
6 Month 08-Feb-22 9997.90 -0.02% - -0.10% 36/55
YTD 31-Dec-21 9892.10 -1.08% - 0.12% 39/55
1 Year 06-Aug-21 10596.20 5.96% 5.93% 8.09% 37/55
2 Year 07-Aug-20 17381.70 73.82% 31.79% 32.37% 18/55
3 Year 08-Aug-19 18795.80 87.96% 23.39% 22.04% 19/54
5 Year 08-Aug-17 21398.80 113.99% 16.42% 13.02% 5/43
Since Inception 28-Dec-15 33731.00 237.31% 20.17% 15.45% 6/51

SIP Returns (NAV as on 08th August, 2022)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 06-Aug-21 12000 12206.76 1.72 % 3.2 %
2 Year 07-Aug-20 24000 28529.94 18.87 % 17.58 %
3 Year 08-Aug-19 36000 50937.15 41.49 % 23.88 %
5 Year 08-Aug-17 60000 98339.85 63.9 % 19.85 %
 

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 30th Jun,2022)

Portfolio Turnover Ratio : 69.00%  |   Category average turnover ratio is 74.18%  
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 : 99.11% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.11%
No of Stocks : 68 (Category Avg - 47.54) | Large Cap Investments : 58.49%| Mid Cap Investments : 11.52% | Small Cap Investments : 7.1% | Other : 22.03%

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 9017.8 7.85% -0.03% 8.43% (Sep 2021) 7.15% (Mar 2022) 66.90 L 0.00
Infosys Ltd. Computers - software 7491.8 6.52% 0.37% 7.54% (Mar 2022) 5.98% (Sep 2021) 51.25 L 3.00 L
ICICI Bank Ltd. Banks 7439 6.47% -0.24% 7.7% (Jan 2022) 6.45% (Apr 2022) 1.05 Cr 0.00
Reliance Industries Ltd. Refineries/marketing 7071 6.15% 0.08% 6.59% (Apr 2022) 0.01% (Aug 2021) 27.24 L 0.00
Axis Bank Ltd. Banks 4829 4.20% 0.04% 4.64% (Jan 2022) 4.01% (Apr 2022) 75.83 L 4.22 L
State Bank Of India Banks 4139 3.60% 0.08% 4.14% (Jan 2022) 3.48% (Apr 2022) 88.84 L 0.00
Tata Consultancy Services Ltd. Computers - software 3406.1 2.96% -0.11% 4.03% (Aug 2021) 2.75% (Mar 2022) 10.43 L -0.35 L
Bharti Airtel Ltd. Telecom - services 2832.2 2.46% 0.54% 3.17% (Aug 2021) 1.29% (Feb 2022) 41.35 L 8.96 L
Larsen & Toubro Ltd. Engineering, designing, construction 2816.7 2.45% -0.08% 2.56% (Apr 2022) 1.06% (Aug 2021) 18.08 L 0.00
Sun Pharmaceutical Industries Ltd. Pharmaceuticals 2560.1 2.23% -0.02% 2.41% (Feb 2022) 1.51% (Jul 2021) 30.82 L 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
Net Receivables Net Receivables 0.49%
TREPS TREPS 0.41%
MF Units MF Units 0.00%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 29th July, 2022)

  • Standard Deviation

    High volatility
    21.86vs20.71
    Category Avg
  • Beta

    High volatility
    0.99vs0.9
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    0.75vs0.75
    Category Avg
  • Treynor's Ratio

    Poor risk adjusted returns
    0.17vs0.17
    Category Avg
  • Jension's Alpha

    Poor risk adjusted returns
    1.8vs2.21
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
HDFC Tax Saver Fund - Direct Plan - Growth 4 8715.76 6.76 9.03 5.03 15.00 17.95
Quant Tax Plan - Direct Plan - Growth 5 1370.20 9.40 6.13 1.50 13.08 40.45
Parag Parikh Tax Saver Fund - Direct Plan - Growth NA 617.75 5.09 5.58 0.13 12.57 24.57
Tata India Tax Savings Fund - Direct Plan - Growth 3 2743.28 8.13 9.30 0.65 10.56 18.97
Nippon India Tax Saver Fund - Direct Plan - Growth 3 10710.88 7.65 8.38 0.79 10.00 17.99
Sundaram Tax Saving Fund - Direct Plan - Growth 3 854.18 6.46 8.40 -0.98 10.00 19.80
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth 5 3399.14 6.91 6.06 -1.63 9.85 24.95
Mahindra Manulife ELSS Kar Bachat Yojana - Direct Plan - Growth 4 435.37 8.25 9.89 0.66 9.74 22.42
Kotak Tax Saver Fund - Direct Plan - Growth 4 2528.82 7.98 8.12 -0.06 9.55 21.06
Union Long Term Equity Fund - Direct Plan - Growth 4 478.56 8.11 8.99 1.25 8.80 22.12

More Funds from Mirae Asset Mutual Fund

Out of 24 mutual fund schemes offered by this AMC, 4 is/are ranked 4 * , 7 is/are ranked 3 * , 1 is/are ranked 1 * , and 12 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 30299.43 5.97 7.82 -0.87 6.43 17.73
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth 4 20663.71 6.62 7.55 -1.48 4.83 24.16
Mirae Asset Tax Saver Fund - Direct Plan - Growth 4 11494.59 6.41 6.77 -1.14 6.05 23.26
Mirae Asset Focused Fund - Direct Plan - Growth 4 8061.98 5.26 5.65 -4.77 3.27 23.29
Mirae Asset Midcap Fund - Direct Plan - Growth NA 7173.23 8.81 9.72 2.88 10.73 30.37
Mirae Asset Hybrid - Equity - Direct Plan - Growth 3 6395.79 5.58 6.66 0.15 5.67 16.66
Mirae Asset Cash Management Fund - Direct Plan - Growth 3 3472.48 0.40 1.20 2.09 3.85 4.13
Mirae Asset Great Consumer Fund - Direct Plan - Growth NA 1649.14 7.87 13.77 7.01 16.11 22.72
Mirae Asset Healthcare Fund - Direct Plan - Growth NA 1628.78 5.28 4.79 -3.09 -5.96 31.33
Mirae Asset Banking and Financial Services Fund - Direct Plan - Growth NA 985.10 8.65 12.41 -0.02 5.48 0.00

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