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Mirae Asset Tax Saver Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
  • NAV
    : ₹ 21.254 -0.04%
    (as on 22nd October, 2020)
Crisil Rank
Above average performance among peers
Risk-O-Meter
Moderately High

Fund has 98.95% investment in indian stocks of which 57.59% is in large cap stocks, 18.72% is in mid cap stocks, 6.3% 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 3 to 4 in the previous quarter.

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Returns (NAV as on 22nd October, 2020)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 15-Oct-20 10315.00 3.15% - 0.08% 5/63
1 Month 22-Sep-20 10640.80 6.41% - 3.32% 4/63
3 Month 22-Jul-20 11091.20 10.91% - 8.55% 16/63
6 Month 22-Apr-20 13397.60 33.98% - 29.33% 7/63
YTD 01-Jan-20 10526.50 5.26% - 0.41% 11/63
1 Year 22-Oct-19 11226.50 12.27% 12.23% 4.08% 8/63
2 Year 22-Oct-18 13192.20 31.92% 14.84% 6.54% 6/60
3 Year 18-Oct-17 13043.30 30.43% 9.22% 1.90% 4/50
Since Inception 28-Dec-15 21254.00 112.54% 16.92% 8.92% 4/57

SIP Returns (NAV as on 22nd October, 2020)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 22-Oct-19 12000 14142.99 17.86 % 34.54 %
2 Year 22-Oct-18 24000 28558.3 18.99 % 17.65 %
3 Year 18-Oct-17 36000 43584.56 21.07 % 12.79 %
 

Tax Treatment

Portfolio (Updated on 30th Sep,2020)

Portfolio Turnover Ratio : 88.00%  |   Category average turnover ratio is 118.92%  
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 : 98.95% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.95%
No of Stocks : 56 (Category Avg - 46.80) | Large Cap Investments : 57.59%| Mid Cap Investments : 18.72% | Small Cap Investments : 6.3% | Other : 16.31%

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 3878.4 9.08% -0.51% 9.82% (Apr 2020) 8.84% (Jul 2020) 35.96 L 0.00
Infosys Ltd. Computers - software 3031.5 7.10% 1.15% 7.1% (Sep 2020) 3.48% (Feb 2020) 30.07 L 3.28 L
ICICI Bank Ltd. Banks 2460.7 5.76% -0.49% 6.42% (Nov 2019) 4.63% (Mar 2020) 69.36 L 3.15 L
Reliance Industries Ltd. Refineries/marketing 1840.8 4.31% -0.36% 7.86% (May 2020) 4.31% (Sep 2020) 8.24 L -1.15 L
Tata Consultancy Services Ltd. Computers - software 1740.1 4.07% 0.16% 4.29% (Jul 2020) 3.03% (Feb 2020) 6.98 L -0.27 L
Axis Bank Ltd. Banks 1580.2 3.70% -0.36% 5.03% (Feb 2020) 3.63% (Nov 2019) 37.21 L 3.03 L
Bharti Airtel Ltd. Telecom - services 1339.9 3.14% -0.28% 3.42% (Aug 2020) 0% (Oct 2019) 31.83 L 3.98 L
Reliance Industries Ltd. - Partly Paid Refineries/marketing 1141.7 2.67% 0.60% 2.67% (Sep 2020) 0% (Oct 2019) 8.50 L 1.23 L
Housing Development Finance Corporation Ltd. Housing finance 1054.9 2.47% 0.19% 3.14% (Apr 2020) 1.83% (Jul 2020) 6.06 L 85.00 k
Hindustan Unilever Ltd. Diversified 1007.2 2.36% -0.11% 2.47% (Aug 2020) 0% (Oct 2019) 4.87 L 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
MF Units MF Units 0.55%
Net Receivables Net Receivables 0.32%
TREPS TREPS 0.18%
MF Units MF Units 0.00%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th September, 2020)

  • Standard Deviation

    High volatility
    20.42vs17.48
    Category Avg
  • Beta

    High volatility
    0.99vs0.81
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    0.27vs-0.07
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.06vs-0.02
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    2.92vs-2.27
    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 16.64 2.60 19.75 50.06 25.24 9.56
Parag Parikh Tax Saver Fund - Direct Plan - Growth NA 70.16 3.60 13.24 42.58 19.16 0.00
BOI AXA Tax Advantage Fund - Direct Plan - Growth 5 309.08 5.11 13.23 28.78 18.96 7.04
Canara Robeco Equity Tax Saver - Direct Plan - Growth 5 1180.76 5.42 10.83 28.07 14.16 10.60
Union Long Term Equity Fund - Direct Plan - Growth 3 270.02 5.94 8.86 28.78 8.46 5.26
UTI Long Term Equity Fund (Tax Saving) - Direct Plan - Growth 4 1338.13 6.10 7.56 27.07 8.36 4.68
Shriram Long Term Equity Fund - Direct Plan - Growth NA 28.03 5.30 5.41 23.15 7.73 0.00
BNP Paribas Long Term Equity Fund - Direct Plan - Growth 5 441.44 6.20 7.53 25.22 7.34 5.17
Invesco India Tax Plan - Direct Plan - Growth 4 1133.52 4.24 7.15 26.74 6.64 7.26
Kotak Tax Saver Scheme - Direct Plan - Growth 4 1275.50 5.37 7.88 26.21 6.23 5.44

More Funds from Mirae Asset Mutual Fund

Out of 17 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 2 is/are ranked 4 * , 2 is/are ranked 3 * , 2 is/are ranked 2 * , and 10 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 18449.76 5.70 7.58 28.59 5.17 6.30
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth 5 11466.25 5.78 9.88 31.83 12.48 7.74
Mirae Asset Tax Saver Fund - Direct Plan - Growth 4 4270.45 6.41 10.91 33.98 12.23 9.22
Mirae Asset Hybrid - Equity - Direct Plan - Growth 4 3735.09 4.66 5.36 20.85 8.02 7.57
Mirae Asset Focused Fund - Direct Plan - Growth NA 3524.10 5.83 9.36 36.22 11.68 0.00
Mirae Asset Cash Management Fund - Direct Plan - Growth 2 2919.41 0.30 0.86 1.84 4.68 6.34
Mirae Asset Midcap Fund - Direct Plan - Growth NA 2475.93 5.81 14.00 35.96 11.77 0.00
Mirae Asset Healthcare Fund - Direct Plan - Growth NA 1006.15 0.72 20.14 32.41 69.54 0.00
Mirae Asset Great Consumer Fund - Direct Plan - Growth NA 1003.03 3.41 6.24 21.13 -0.66 6.82
Mirae Asset Savings Fund - Direct Plan - Growth 2 809.61 0.63 1.39 4.18 7.11 7.01

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