Moneycontrol
Get App
you are here:

Mirae Asset Tax Saver Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
  • NAV
    : ₹ 18.589 -0.52%
    (as on 18th April, 2019)
Crisil Rank
Very good performance among peers
Risk-O-Meter
Moderately High

Fund has 91.53% investment in indian stocks of which 70.21% is in large cap stocks, 15.48% is in mid cap stocks, 5.83% 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.

This Scheme
VS
  • Benchmark
    S&P BSE 200 TRI
  • NA
  • NA
  • Gold
Compare with
  • Date : -
  • NAV : -
  • S&P BSE 200 TRI : -
  • Date : -
  • Investment : -
  • Value on selected date : -
  • Returns Calculator
  • SIP Calculator
  • VIP (Value Avg)
Amount
  • Investment Date
  • Sell Date
  • Investment Value
    -
  • Sell Value
    -
  • Profit/Loss
    -
  • Annualised Returns
    -
  • Date : -
  • Investment : -
  • Value on selected date : -

Returns (NAV as on 18th April, 2019)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 11-Apr-19 10128.04 1.28% - 0.89% 9/64
1 Month 18-Mar-19 10213.74 2.14% - 1.96% 33/64
3 Month 18-Jan-19 10765.00 7.65% - 5.85% 9/63
6 Month 17-Oct-18 11342.36 13.42% - 10.44% 8/62
YTD 01-Apr-19 10060.07 0.60% - 0.34% 14/64
1 Year 18-Apr-18 11055.67 10.56% 10.56% -0.92% 1/60
2 Year 18-Apr-17 13449.82 34.50% 15.97% 8.28% 1/51
3 Year 18-Apr-16 18472.62 84.73% 22.70% 13.88% 1/45
Since Inception 28-Dec-15 18589.00 85.89% 20.62% - -/-

SIP Returns (NAV as on 18th Apr,2019)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 year 18-Apr-18 12000 13015.65 8.46 % 16.05 %
2 years 18-Apr-17 24000 27062.42 12.76 % 12.02 %
3 years 18-Apr-16 36000 46204.29 28.35 % 16.91 %
 

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 Mar,2019)

Equity Holding : 91.53% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 91.53%
No of Stocks : 57 (Category Avg - 44.67) | Large Cap Investments : 70.21%| Mid Cap Investments : 15.48% | Small Cap Investments : 5.83% | Other : 0%

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 1426.9 7.76% -1.01% 7.76% (Mar 2019) 7.76% (Mar 2019) 6.15 L 32.41 k
ICICI Bank Ltd. Banks 970.6 5.28% 0.03% 4.19% (Apr 2018) 4.19% (Apr 2018) 24.24 L 3.54 L
Reliance Industries Ltd. Refineries/marketing 882.5 4.80% -0.97% 3.62% (May 2018) 3.62% (May 2018) 6.47 L 0.00
Axis Bank Ltd. Banks 778.2 4.23% -0.91% 0.48% (Apr 2018) 0.48% (Apr 2018) 10.01 L 0.00
Larsen & Toubro Ltd. Engineering, designing, construction 677.5 3.68% 1.20% 2.49% (Feb 2019) 2.49% (Feb 2019) 4.89 L 2.24 L
Infosys Ltd. Computers - software 594.9 3.23% 0.18% 1.94% (Dec 2018) 1.94% (Dec 2018) 8.00 L 2.26 L
Tata Consultancy Services Ltd. Computers - software 574.1 3.12% -0.71% 1.43% (May 2018) 1.43% (May 2018) 2.87 L 20.04 k
State Bank Of India Banks 569.8 3.10% -0.17% 3.1% (Mar 2019) 3.1% (Mar 2019) 17.76 L 1.00 L
Maruti Suzuki India Ltd. Passenger/utility vehicles 478.8 2.60% 0.23% 2.08% (Apr 2018) 2.08% (Apr 2018) 71.76 k 23.73 k
Kotak Mahindra Bank Ltd. Banks 446.2 2.43% 0.02% 2.41% (Feb 2019) 2.41% (Feb 2019) 3.34 L 60.00 k
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
Net Receivables Net Receivables 4.26%
CBLO CBLO 3.63%
MF Units MF Units 0.58%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st March, 2019)

  • Standard Deviation

    High volatility
    13.25vs9.36
    Category Avg
  • Beta

    High volatility
    1vs0.66
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    1.1vs0.38
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.15vs0.05
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    5.03vs-0.31
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Canara Robeco Equity Tax Saver - Direct Plan - Growth 4 951.45 2.24 6.14 13.12 9.38 14.74
Kotak Tax Saver Scheme - Direct Plan - Growth 3 888.42 2.99 7.72 13.77 9.36 15.87
ICICI Prudential Long Term Equity Fund (Tax Saving) - Direct Plan - Growth 4 6192.72 3.31 6.84 10.84 8.25 14.50
Essel Long Term Advantage Fund - Direct Plan - Growth 3 58.80 2.04 6.91 13.43 7.30 14.90
Quantum Tax Saving Fund - Direct Plan - Growth 4 79.71 2.20 5.69 9.08 6.94 12.70
DSP Tax Saver Fund - Direct Plan - Growth 3 5413.31 2.37 8.68 15.35 5.76 15.71
Franklin India Taxshield Fund - Direct - Growth 3 4024.64 1.35 6.04 10.22 5.55 11.82
Invesco India Tax Plan - Direct Plan - Growth 4 834.78 1.26 5.49 8.82 5.27 15.66
Axis Long Term Equity Fund - Direct Plan - Growth 5 18851.87 2.28 7.30 11.65 4.85 15.21
DHFL Pramerica Long Term Equity Fund - Direct Plan - Growth 3 327.55 2.23 6.64 10.54 4.28 14.65

More Funds from Mirae Asset Mutual Fund

Out of 12 mutual fund schemes offered by this AMC, 4 is/are ranked 5 * , 2 is/are ranked 3 * , and 6 schemes are not ranked. See more about AMC

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Mirae Asset India Equity Fund - Direct Plan - Growth 5 11892.50 1.93 7.72 12.98 11.82 18.22
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth 5 7162.21 2.11 7.83 14.42 8.62 21.01
Mirae Asset Cash Management Fund - Direct Plan - Growth 3 2708.49 0.66 1.82 3.72 7.54 7.13
Mirae Asset Tax Saver Fund - Direct Plan - Growth 5 1839.36 2.14 7.65 13.42 10.56 22.70
Mirae Asset Hybrid - Equity - Direct Plan - Growth 5 1655.59 1.84 7.05 12.14 12.08 16.26
Mirae Asset Great Consumer Fund - Direct Plan - Growth NA 724.65 1.27 3.52 12.29 7.42 20.10
Mirae Asset Savings Fund - Direct Plan - Growth 3 476.33 0.70 2.10 4.57 7.80 7.33
Mirae Asset Healthcare Fund - Direct Plan - Growth NA 344.94 2.06 4.74 3.75 0.00 0.00
Mirae Asset Short Term Fund - Direct Plan - Growth NA 66.88 0.68 2.60 5.25 7.29 0.00
Mirae Asset Equity Savings Fund - Direct Plan - Growth NA 41.44 1.28 3.73 0.00 0.00 0.00

Forum

View More