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

: ₹ 18.589 -0.52%
(as on 18th April, 2019)

Crisil Rank

Very good performance among peers

0

100

Fund Size

: ₹ 1839.36 Cr

(1.99% of Investment in Category)

Expense Ratio

: 0.73%

(1.26% Category average)

Risk-O-Meter

Moderately High

ELSS :ELSS : 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.

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This Scheme

VS

Benchmark
S&P BSE 200 TRI

2.44%

6.85%

11.97%

8.22%

12.88%

14.23%

0%
NA
1.96%

5.85%

10.44%

-0.92%

8.28%

16%

11.25%

NA
Gold

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Returns Calculator
SIP Calculator
VIP (Value Avg)

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Annualised Returns

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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%	-	-/-

Returns Calculator Detailed Returns Analysis

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 %

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 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.

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
Net Receivables	Net Receivables	4.26%
CBLO	CBLO	3.63%
MF Units	MF Units	0.58%

Detailed Portfolio Analysis

Risk Ratios

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

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

13.25vs9.36

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

1vs0.66

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

1.1vs0.38

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

0.15vs0.05

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

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

Detailed Comparison

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