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Mirae Asset Tax Saver Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
  • NAV
    : ₹ 35.882 0.93%
    (as on 18th October, 2021)
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Crisil Rank
Above average performance among peers
Risk-O-Meter
Moderately High

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.

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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

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 %
 

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

Risk Ratios

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

  • Standard Deviation

    High volatility
    21vs19.05
    Category Avg
  • Beta

    High volatility
    0.98vs0.85
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    0.98vs0.83
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.21vs0.19
    Category Avg
  • Jension's Alpha

    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

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

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