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

: ₹ 35.882 0.93%
(as on 18th October, 2021)

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Crisil Rank

Above average performance among peers

Fund Size

: ₹ 9831.97 Cr

(6.59% of Investment in Category)

Expense Ratio

: 0.45%

(1.14% Category average)

Risk-O-Meter

Moderately High

ELSS :ELSS : Fund has 99.46% investment in indian stocks of which 53.35% is in large cap stocks, 17.03% is in mid cap stocks, 7.78% 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 5 to 4 in the previous quarter.

1M
3M
6M
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ALL

This Scheme

VS

Nifty 50

5.55%

16.4%

29.11%

63.71%

29.1%

17.41%

14.06%
NA
5.61%

13.87%

33.33%

72.66%

33.21%

16.83%

18.43%

NA
Gold

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Returns Calculator
SIP Calculator
VIP (Value Avg)

Amount

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Profit/Loss

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Annualised Returns

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Returns (NAV as on 18th October, 2021)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	11-Oct-21	10284.30	2.84%	-	2.54%	22/58
1 Month	17-Sep-21	10542.70	5.43%	-	5.61%	27/58
3 Month	16-Jul-21	11513.90	15.14%	-	13.87%	20/58
6 Month	16-Apr-21	13172.50	31.72%	-	33.33%	25/58
YTD	01-Jan-21	14353.90	43.54%	-	44.25%	19/58
1 Year	16-Oct-20	17216.20	72.16%	71.65%	72.66%	21/58
2 Year	18-Oct-19	18981.20	89.81%	37.71%	33.21%	15/58
3 Year	17-Oct-18	21894.00	118.94%	29.79%	24.37%	6/54
5 Year	18-Oct-16	28634.60	186.35%	23.40%	16.83%	3/42
Since Inception	28-Dec-15	35882.00	258.82%	24.59%	18.43%	6/54

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 18th October, 2021)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	16-Oct-20	12000	15882.44	32.35 %	64.66 %
2 Year	18-Oct-19	24000	39424.62	64.27 %	56.08 %
3 Year	17-Oct-18	36000	63688.97	76.91 %	40.74 %
5 Year	18-Oct-16	60000	120720.49	101.2 %	28.37 %

SIP Calculator Detailed Returns Analysis

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 Sep,2021)

Equity Holding : 99.46% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.46%

No of Stocks : 62 (Category Avg - 48.97) | Large Cap Investments : 53.35%| Mid Cap Investments : 17.03% | Small Cap Investments : 7.78% | Other : 21.27%

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	8285.3	8.43%	0.05%	10.37% (Nov 2020)	8.05% (Jul 2021)	51.95 L	2.15 L
ICICI Bank Ltd.	Banks	6457.6	6.57%	-0.58%	7.29% (Jul 2021)	6.1% (Oct 2020)	92.14 L	-1.25 L
Infosys Ltd.	Computers - software	5882.8	5.98%	-0.39%	7.15% (Oct 2020)	5.98% (Sep 2021)	35.12 L	0.00
Reliance Industries Ltd. - Partly Paid	Refineries/marketing	4291.1	4.36%	0.35%	4.36% (Sep 2021)	2.25% (Oct 2020)	22.93 L	-0.40 L
Axis Bank Ltd.	Banks	4205.5	4.28%	-0.31%	4.96% (Mar 2021)	4.11% (Oct 2020)	54.86 L	0.00
State Bank Of India	Banks	3852.2	3.92%	0.22%	3.92% (Sep 2021)	2.14% (Oct 2020)	85.04 L	3.45 L
Tata Consultancy Services Ltd.	Computers - software	3774.9	3.84%	-0.19%	4.5% (Oct 2020)	3.77% (Jun 2021)	10.00 L	0.00
Bharti Airtel Ltd.	Telecom - services	3091.8	3.14%	-0.03%	3.51% (Jan 2021)	2.72% (Jun 2021)	44.92 L	0.00
Maruti Suzuki India Ltd.	Passenger/utility vehicles	2319.5	2.36%	0.43%	2.54% (Mar 2021)	1.93% (Aug 2021)	3.16 L	51.00 k
Housing Development Finance Corporation Ltd.	Housing finance	2206.9	2.24%	-0.24%	2.83% (Dec 2020)	2.09% (Mar 2021)	8.01 L	-0.35 L

- indicates change in weight in the portfolio. # indicates a new entry.

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
Net Receivables	Net Receivables	0.39%
TREPS	TREPS	0.14%
MF Units	MF Units	0.00%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th September, 2021)

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

21vs19.05

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

0.98vs0.85

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

0.98vs0.83

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

0.21vs0.19

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

4.68vs2.47

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Quant Tax Plan - Direct Plan - Growth	5	433.15	9.09	14.08	42.13	107.90	40.73
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth	5	3439.01	8.91	15.19	35.17	89.10	26.43
Franklin India Taxshield Fund - Direct - Growth	3	5020.57	9.06	15.70	34.44	79.18	21.74
Nippon India Tax Saver Fund - Direct Plan - Growth	1	12466.99	5.84	16.64	30.78	78.37	17.34
Mahindra Manulife ELSS Kar Bachat Yojana - Direct Plan - Growth	4	419.70	4.81	14.52	32.76	75.38	23.86
Baroda ELSS - 96 - Plan B (Direct) - Growth	3	217.67	8.19	20.62	38.40	74.64	24.42
BOI AXA Tax Advantage Fund - Direct Plan - Growth	5	517.49	4.38	14.14	35.72	74.18	33.18
DSP Tax Saver Fund - Direct Plan - Growth	4	9755.66	3.89	12.14	30.66	74.08	27.51
ICICI Prudential Long Term Equity Fund (Tax Saving) - Direct Plan - Growth	3	10028.81	5.46	16.57	31.16	73.51	22.66
JM Tax Gain Fund - (Direct) - Growth	3	65.33	6.63	17.13	32.07	71.99	27.57

Detailed Comparison

More Funds from Mirae Asset Mutual Fund

Out of 25 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 1 is/are ranked 4 * , 4 is/are ranked 3 * , 2 is/are ranked 2 * , 1 is/are ranked 1 * , and 16 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	3	30456.47	5.28	15.89	30.05	59.31	23.53
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth	5	21263.17	5.55	15.50	33.44	76.81	31.33
Mirae Asset Tax Saver Fund - Direct Plan - Growth	4	9831.97	5.43	15.14	31.73	71.65	29.79
Mirae Asset Focused Fund - Direct Plan - Growth	NA	7681.59	6.39	17.42	35.01	72.42	0.00
Mirae Asset Midcap Fund - Direct Plan - Growth	NA	6484.67	5.42	13.53	35.10	92.64	0.00
Mirae Asset Hybrid - Equity - Direct Plan - Growth	3	6109.36	3.41	10.73	23.37	47.93	21.37
Mirae Asset Cash Management Fund - Direct Plan - Growth	3	3839.57	0.27	0.83	1.68	3.35	5.05
Mirae Asset Healthcare Fund - Direct Plan - Growth	NA	1884.57	-0.66	2.49	18.89	37.52	33.48
Mirae Asset Great Consumer Fund - Direct Plan - Growth	NA	1552.18	4.46	15.25	29.45	64.98	24.30
Mirae Asset Savings Fund - Direct Plan - Growth	1	986.81	0.20	0.95	2.09	4.06	6.25