Mirae Asset Tax Saver Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : ELSS

Fund House : Mirae Asset Mutual Fund

NAV

This number shows latest NAV (Net Asset Value) and change in the NAV from previous day. NAV is nothing but the unit price for the fund. You will be allocated number of units based on this price. NAV is declared once each day generally at the end of the day. Once you invest in mutual funds, your money is further invested in stocks and bonds by mutual fund managers. Mutual Fund NAV is the per unit latest value of all such stocks/bonds held in the portfolio

: ₹ 23.242 0.89%
(as on 26th November, 2020)

Crisil Rank

Very good performance among peers

Fund Size

: ₹ 4462.58 Cr

(4.43% of Investment in Category)

Expense Ratio

: 0.36%

(1.17% Category average)

Risk-O-Meter

Moderately High

ELSS :ELSS : 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.

Axis Equity Hybrid Fund - Direct Plan (G)

3Y Return: 17.77%

5Y Return: 17.77%

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This Scheme

VS

Nifty 50

10.89%

12.12%

43.71%

9.43%

10.52%

11.42%

0%
NA
10.18%

9.97%

41.88%

11.1%

9.52%

10.81%

10.87%

NA
Gold

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VIP (Value Avg)

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Returns (NAV as on 26th November, 2020)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	19-Nov-20	10164.00	1.64%	-	1.97%	40/63
1 Month	26-Oct-20	11024.00	10.24%	-	10.18%	28/63
3 Month	26-Aug-20	11312.20	13.12%	-	9.97%	5/63
6 Month	26-May-20	15152.20	51.52%	-	41.88%	7/63
YTD	01-Jan-20	11511.10	15.11%	-	50.57%	6/63
1 Year	26-Nov-19	11670.60	16.71%	16.66%	11.10%	12/63
2 Year	26-Nov-18	13704.80	37.05%	17.04%	9.52%	7/60
3 Year	24-Nov-17	13622.10	36.22%	10.82%	3.64%	4/50
Since Inception	28-Dec-15	23242.00	132.42%	18.71%	10.87%	4/57

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 26th November, 2020)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	26-Nov-19	12000	15092.21	25.77 %	50.58 %
2 Year	26-Nov-18	24000	30535.74	27.23 %	24.95 %
3 Year	24-Nov-17	36000	46884.6	30.23 %	17.88 %

SIP Calculator Detailed Returns Analysis

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.

Detailed Portfolio Analysis

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%

Detailed Portfolio Analysis

Risk Ratios

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

Standard Deviation
Standard Deviation value gives an idea about how volatile fund returns has been in the past 3 years. Lower value indicates more predictable performance. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A standard deviation value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

20.52vs17.5

Category Avg
Beta
Beta value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A beta value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

0.99vs0.81

Category Avg
Sharpe Ratio
Sharpe ratio indicates how much risk was taken to generate the returns. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Sharpe ratio of 1.40 and fund B has a Sharpe ratio of 1.25, you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

0.24vs-0.1

Category Avg
Treynor's Ratio
Treynor's ratio indicates how much excess return was generated for each unit of risk taken. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the beta of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Treynor's ratio of 1.40 and fund B has a Treynor's ratio of 1.25, then you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

0.05vs-0.02

Category Avg
Jension's Alpha
Alpha indicates how fund generated additional returns compared to a benchmark. Let's say if a fund A benchmarks its returns with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the nifty returns by 1%, so the higher the alpha, the better.

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	6.87	7.50	52.34	30.34	10.63
BOI AXA Tax Advantage Fund - Direct Plan - Growth	5	318.52	9.45	11.56	43.25	25.59	8.67
Parag Parikh Tax Saver Fund - Direct Plan - Growth	NA	75.24	4.88	8.55	42.53	22.67	0.00
Canara Robeco Equity Tax Saver - Direct Plan - Growth	5	1216.95	7.73	11.26	39.42	19.42	12.01
UTI Long Term Equity Fund (Tax Saving) - Direct Plan - Growth	3	1379.32	11.55	12.40	42.32	14.74	6.71
Axis Long Term Equity Fund - Direct Plan - Growth	4	22631.51	14.88	15.18	40.32	14.55	11.94
Union Long Term Equity Fund - Direct Plan - Growth	4	274.42	8.39	9.50	40.48	13.59	7.16
BNP Paribas Long Term Equity Fund - Direct Plan - Growth	4	452.84	8.09	10.03	36.11	12.84	6.92
Invesco India Tax Plan - Direct Plan - Growth	4	1154.17	9.34	9.96	38.86	12.43	8.32
Shriram Long Term Equity Fund - Direct Plan - Growth	NA	28.80	8.91	8.05	34.39	12.39	0.00

Detailed Comparison

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	8.88	9.65	43.36	8.45	7.78
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth	5	11928.63	10.32	11.53	47.18	17.46	9.82
Mirae Asset Tax Saver Fund - Direct Plan - Growth	5	4462.58	10.24	13.12	51.52	16.66	10.82
Mirae Asset Hybrid - Equity - Direct Plan - Growth	4	3824.02	7.73	8.76	32.06	10.61	9.02
Mirae Asset Focused Fund - Direct Plan - Growth	NA	3701.26	8.98	11.08	51.17	16.37	0.00
Mirae Asset Cash Management Fund - Direct Plan - Growth	4	3153.00	0.28	0.85	1.73	4.49	6.23
Mirae Asset Midcap Fund - Direct Plan - Growth	NA	2561.39	10.95	11.89	50.71	19.71	0.00
Mirae Asset Healthcare Fund - Direct Plan - Growth	NA	1036.48	3.44	6.59	30.93	64.52	0.00
Mirae Asset Great Consumer Fund - Direct Plan - Growth	NA	986.98	8.27	6.65	34.87	5.99	7.50
Mirae Asset Savings Fund - Direct Plan - Growth	1	844.88	0.55	1.65	3.98	6.99	7.05