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

: ₹ 33.731 0.46%
(as on 08th August, 2022)

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Crisil Rank

Above average performance among peers

Fund Size

: ₹ 11494.59 Cr

(8.52% of Investment in Category)

Expense Ratio

: 0.57%

(1.09% Category average)

Risk-O-Meter

Very High

ELSS :ELSS : The fund has 99.11% investment in domestic equities of which 58.49% is in Large Cap stocks, 11.52% is in Mid Cap stocks, 7.1% 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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6M
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This Scheme

VS

Benchmark
Nifty 500 TRI

8.64%

7.86%

0.71%

8.97%

29.11%

12.96%

6.49%
NA
7.8%

8.38%

-0.1%

8.09%

32.37%

13.02%

15.45%

NA
Gold

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SIP Calculator
VIP (Value Avg)

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Annualised Returns

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Returns (NAV as on 08th August, 2022)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	01-Aug-22	10068.70	0.69%	-	0.84%	40/55
1 Month	08-Jul-22	10640.70	6.41%	-	7.80%	47/55
3 Month	06-May-22	10604.60	6.05%	-	8.38%	47/55
6 Month	08-Feb-22	9997.90	-0.02%	-	-0.10%	36/55
YTD	31-Dec-21	9892.10	-1.08%	-	0.12%	39/55
1 Year	06-Aug-21	10596.20	5.96%	5.93%	8.09%	37/55
2 Year	07-Aug-20	17381.70	73.82%	31.79%	32.37%	18/55
3 Year	08-Aug-19	18795.80	87.96%	23.39%	22.04%	19/54
5 Year	08-Aug-17	21398.80	113.99%	16.42%	13.02%	5/43
Since Inception	28-Dec-15	33731.00	237.31%	20.17%	15.45%	6/51

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 08th August, 2022)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	06-Aug-21	12000	12206.76	1.72 %	3.2 %
2 Year	07-Aug-20	24000	28529.94	18.87 %	17.58 %
3 Year	08-Aug-19	36000	50937.15	41.49 %	23.88 %
5 Year	08-Aug-17	60000	98339.85	63.9 %	19.85 %

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 Jun,2022)

Portfolio Turnover Ratio : 69.00% | Category average turnover ratio is 74.18%

Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 99.11% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.11%

No of Stocks : 68 (Category Avg - 47.54) | Large Cap Investments : 58.49%| Mid Cap Investments : 11.52% | Small Cap Investments : 7.1% | Other : 22.03%

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	9017.8	7.85%	-0.03%	8.43% (Sep 2021)	7.15% (Mar 2022)	66.90 L	0.00
Infosys Ltd.	Computers - software	7491.8	6.52%	0.37%	7.54% (Mar 2022)	5.98% (Sep 2021)	51.25 L	3.00 L
ICICI Bank Ltd.	Banks	7439	6.47%	-0.24%	7.7% (Jan 2022)	6.45% (Apr 2022)	1.05 Cr	0.00
Reliance Industries Ltd.	Refineries/marketing	7071	6.15%	0.08%	6.59% (Apr 2022)	0.01% (Aug 2021)	27.24 L	0.00
Axis Bank Ltd.	Banks	4829	4.20%	0.04%	4.64% (Jan 2022)	4.01% (Apr 2022)	75.83 L	4.22 L
State Bank Of India	Banks	4139	3.60%	0.08%	4.14% (Jan 2022)	3.48% (Apr 2022)	88.84 L	0.00
Tata Consultancy Services Ltd.	Computers - software	3406.1	2.96%	-0.11%	4.03% (Aug 2021)	2.75% (Mar 2022)	10.43 L	-0.35 L
Bharti Airtel Ltd.	Telecom - services	2832.2	2.46%	0.54%	3.17% (Aug 2021)	1.29% (Feb 2022)	41.35 L	8.96 L
Larsen & Toubro Ltd.	Engineering, designing, construction	2816.7	2.45%	-0.08%	2.56% (Apr 2022)	1.06% (Aug 2021)	18.08 L	0.00
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	2560.1	2.23%	-0.02%	2.41% (Feb 2022)	1.51% (Jul 2021)	30.82 L	0.00

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

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
Net Receivables	Net Receivables	0.49%
TREPS	TREPS	0.41%
MF Units	MF Units	0.00%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 29th July, 2022)

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

21.86vs20.71

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

0.99vs0.9

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

0.75vs0.75

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.

Poor risk adjusted returns

0.17vs0.17

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.

Poor risk adjusted returns

1.8vs2.21

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
HDFC Tax Saver Fund - Direct Plan - Growth	4	8715.76	6.76	9.03	5.03	15.00	17.95
Quant Tax Plan - Direct Plan - Growth	5	1370.20	9.40	6.13	1.50	13.08	40.45
Parag Parikh Tax Saver Fund - Direct Plan - Growth	NA	617.75	5.09	5.58	0.13	12.57	24.57
Tata India Tax Savings Fund - Direct Plan - Growth	3	2743.28	8.13	9.30	0.65	10.56	18.97
Nippon India Tax Saver Fund - Direct Plan - Growth	3	10710.88	7.65	8.38	0.79	10.00	17.99
Sundaram Tax Saving Fund - Direct Plan - Growth	3	854.18	6.46	8.40	-0.98	10.00	19.80
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth	5	3399.14	6.91	6.06	-1.63	9.85	24.95
Mahindra Manulife ELSS Kar Bachat Yojana - Direct Plan - Growth	4	435.37	8.25	9.89	0.66	9.74	22.42
Kotak Tax Saver Fund - Direct Plan - Growth	4	2528.82	7.98	8.12	-0.06	9.55	21.06
Union Long Term Equity Fund - Direct Plan - Growth	4	478.56	8.11	8.99	1.25	8.80	22.12

Detailed Comparison

More Funds from Mirae Asset Mutual Fund

Out of 24 mutual fund schemes offered by this AMC, 4 is/are ranked 4 * , 7 is/are ranked 3 * , 1 is/are ranked 1 * , and 12 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	30299.43	5.97	7.82	-0.87	6.43	17.73
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth	4	20663.71	6.62	7.55	-1.48	4.83	24.16
Mirae Asset Tax Saver Fund - Direct Plan - Growth	4	11494.59	6.41	6.77	-1.14	6.05	23.26
Mirae Asset Focused Fund - Direct Plan - Growth	4	8061.98	5.26	5.65	-4.77	3.27	23.29
Mirae Asset Midcap Fund - Direct Plan - Growth	NA	7173.23	8.81	9.72	2.88	10.73	30.37
Mirae Asset Hybrid - Equity - Direct Plan - Growth	3	6395.79	5.58	6.66	0.15	5.67	16.66
Mirae Asset Cash Management Fund - Direct Plan - Growth	3	3472.48	0.40	1.20	2.09	3.85	4.13
Mirae Asset Great Consumer Fund - Direct Plan - Growth	NA	1649.14	7.87	13.77	7.01	16.11	22.72
Mirae Asset Healthcare Fund - Direct Plan - Growth	NA	1628.78	5.28	4.79	-3.09	-5.96	31.33
Mirae Asset Banking and Financial Services Fund - Direct Plan - Growth	NA	985.10	8.65	12.41	-0.02	5.48	0.00