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Mirae Asset Tax Saver Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
  • NAV
    : ₹ 18.465 0.2%
    (as on 16th October, 2019)
Crisil Rank
Very good performance among peers
Risk-O-Meter
Moderately High

Fund has 99.69% investment in indian stocks of which 62.63% is in large cap stocks, 18.31% 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 16th October, 2019)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 09-Oct-19 10065.40 0.65% - 1.90% 38/64
1 Month 16-Sep-19 10199.40 1.99% - 2.57% 50/64
3 Month 16-Jul-19 9811.90 -1.88% - -1.42% 33/63
6 Month 16-Apr-19 9881.20 -1.19% - -3.80% 22/63
YTD 01-Jan-19 10626.10 6.26% - -3.52% 17/63
1 Year 16-Oct-18 11064.80 10.65% 10.65% 5.51% 15/61
2 Year 16-Oct-17 11325.40 13.25% 6.42% 0.16% 5/52
3 Year 14-Oct-16 14885.10 48.85% 14.15% 7.55% 1/44
Since Inception 28-Dec-15 18465.00 84.65% 17.50% 8.85% 4/56

SIP Returns (NAV as on 16th October, 2019)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 16-Oct-18 12000 12495.19 4.13 % 7.72 %
2 Year 16-Oct-17 24000 25542.08 6.43 % 6.11 %
3 Year 14-Oct-16 36000 41815.66 16.15 % 9.97 %
 

Tax Treatment

Portfolio (Updated on 30th Sep,2019)

Equity Holding : 99.69% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.69%
No of Stocks : 59 (Category Avg - 43.67) | Large Cap Investments : 62.63%| Mid Cap Investments : 18.31% | Small Cap Investments : 8.2% | Other : 10.52%

Top 10 Stocks in Portfolio

How to read this table?
Stock Invested in Sector Value(Cr) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
HDFC Bank Ltd. Banks 2467 10.01% 1.10% 10.01% (Sep 2019) 7.76% (Mar 2019) 20.10 L 20.10 L
ICICI Bank Ltd. Banks 1563.2 6.34% -0.06% 6.4% (Aug 2019) 4.67% (Dec 2018) 36.04 L 0.00
Reliance Industries Ltd. Refineries/marketing 1252.2 5.08% 0.42% 5.77% (Feb 2019) 4.08% (May 2019) 9.40 L 80.00 k
State Bank Of India Banks 1137 4.61% 0.60% 4.61% (Sep 2019) 3.1% (Apr 2019) 41.99 L 8.23 L
ITC Limited Cigarettes 1058.1 4.29% 0.62% 4.29% (Sep 2019) 1.64% (May 2019) 40.72 L 6.27 L
Axis Bank Ltd. Banks 980.5 3.98% -0.14% 5.5% (Jan 2019) 3.16% (Oct 2018) 14.31 L 0.00
Larsen & Toubro Ltd. Engineering, designing, construction 910.9 3.69% 0.62% 3.8% (May 2019) 2.49% (Feb 2019) 6.18 L 85.00 k
Tata Consultancy Services Ltd. Computers - software 896.8 3.64% -0.08% 4.31% (May 2019) 3.12% (Mar 2019) 4.27 L 48.20 k
Indusind Bank Ltd. Banks 840.8 3.41% -0.27% 3.68% (Aug 2019) 1.65% (Apr 2019) 6.08 L 0.00
Infosys Ltd. Computers - software 802 3.25% -0.02% 3.75% (Apr 2019) 1.94% (Dec 2018) 9.95 L 70.00 k
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
TREPS TREPS 1.18%
MF Units MF Units 0.00%
Net Receivables Net Receivables -0.88%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th September, 2019)

  • Standard Deviation

    High volatility
    13.15vs10.86
    Category Avg
  • Beta

    High volatility
    0.96vs0.72
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    0.63vs0.08
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.09vs0.01
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    4.21vs-0.93
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
JM Tax Gain Fund - (Direct) - Growth 5 33.26 6.93 4.99 4.09 18.18 11.63
Axis Long Term Equity Fund - Direct Plan - Growth 4 20425.31 7.26 4.58 6.67 17.75 13.70
BNP Paribas Long Term Equity Fund - Direct Plan - Growth 3 471.08 5.08 2.27 3.51 15.79 9.18
DSP Tax Saver Fund - Direct Plan - Growth 3 5840.90 4.53 2.17 1.50 15.41 9.58
Tata India Tax Savings Fund - Direct Plan - Growth NA 1919.17 3.23 -1.68 -0.09 13.45 9.99
LIC MF Tax Plan 1997 - Direct Plan - Growth 4 243.54 4.40 2.80 3.16 13.03 10.66
Canara Robeco Equity Tax Saver - Direct Plan - Growth 5 965.21 5.62 -0.03 -0.42 11.32 10.59
Motilal Oswal Long Term Equity Fund - Direct Plan - Growth 3 1500.24 5.79 4.29 2.55 11.20 10.62
Kotak Tax Saver Scheme - Direct Plan - Growth 4 946.65 3.43 -2.04 -1.39 10.89 9.22
Edelweiss Long Term Equity Fund (Tax Savings) - Direct Plan - Growth 3 106.73 4.72 0.49 -0.20 10.46 7.52

More Funds from Mirae Asset Mutual Fund

Out of 14 mutual fund schemes offered by this AMC, 3 is/are ranked 5 * , 2 is/are ranked 4 * , 2 is/are ranked 3 * , and 7 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 14917.15 2.67 -1.77 -1.81 9.71 11.97
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth 5 8218.90 1.54 -1.35 -1.96 10.57 11.57
Mirae Asset Cash Management Fund - Direct Plan - Growth 3 3259.04 0.48 1.50 3.29 7.13 7.02
Mirae Asset Hybrid - Equity - Direct Plan - Growth 5 2589.70 1.54 -2.16 -0.99 10.02 11.26
Mirae Asset Tax Saver Fund - Direct Plan - Growth 5 2465.46 1.99 -1.88 -1.19 10.65 14.15
Mirae Asset Focused Fund - Direct Plan - Growth NA 1537.58 4.60 3.65 0.00 0.00 0.00
Mirae Asset Great Consumer Fund - Direct Plan - Growth NA 872.70 6.12 5.52 1.34 12.76 14.83
Mirae Asset Midcap Fund - Direct Plan - Growth NA 845.53 2.48 0.00 0.00 0.00 0.00
Mirae Asset Savings Fund - Direct Plan - Growth 3 523.93 0.51 1.94 2.95 7.64 7.00
Mirae Asset Healthcare Fund - Direct Plan - Growth NA 339.32 -2.78 -0.86 -5.45 -3.11 0.00

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