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Mirae Asset Tax Saver Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
  • NAV
    : ₹ 19.684 0.45%
    (as on 15th November, 2019)
Crisil Rank
Very good performance among peers
Risk-O-Meter
Moderately High

Fund has 99.25% investment in indian stocks of which 61.81% is in large cap stocks, 19.31% is in mid cap stocks, 8.15% 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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Returns (NAV as on 15th November, 2019)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 08-Nov-19 9990.90 -0.09% - -0.92% 34/65
1 Month 15-Oct-19 10681.00 6.81% - 4.54% 3/64
3 Month 14-Aug-19 11005.90 10.06% - 8.58% 17/64
6 Month 15-May-19 11264.10 12.64% - 5.60% 10/63
YTD 01-Jan-19 11327.60 13.28% - 0.39% 10/63
1 Year 15-Nov-18 11591.80 15.92% 15.92% 7.83% 10/62
2 Year 15-Nov-17 11982.70 19.83% 9.47% 1.21% 5/52
3 Year 15-Nov-16 16802.40 68.02% 18.88% 10.54% 1/45
Since Inception 28-Dec-15 19684.00 96.84% 19.04% 9.85% 4/57

SIP Returns (NAV as on 15th November, 2019)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 15-Nov-18 12000 13232.97 10.27 % 19.49 %
2 Year 15-Nov-17 24000 27095.6 12.9 % 12.11 %
3 Year 15-Nov-16 36000 44114.84 22.54 % 13.64 %
 

Tax Treatment

Portfolio (Updated on 31st Oct,2019)

Equity Holding : 99.25% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.25%
No of Stocks : 56 (Category Avg - 44.45) | Large Cap Investments : 61.81%| Mid Cap Investments : 19.31% | Small Cap Investments : 8.15% | Other : 9.97%

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 2523.9 9.45% -0.56% 10.01% (Sep 2019) 7.76% (Mar 2019) 20.51 L 41.46 k
ICICI Bank Ltd. Banks 1669 6.25% -0.09% 6.4% (Aug 2019) 4.67% (Dec 2018) 36.04 L 0.00
Reliance Industries Ltd. Refineries/marketing 1376.3 5.15% 0.07% 5.77% (Feb 2019) 4.08% (May 2019) 9.40 L 0.00
State Bank Of India Banks 1343.7 5.03% 0.42% 5.03% (Oct 2019) 3.1% (Apr 2019) 43.01 L 1.03 L
Infosys Ltd. Computers - software 1120 4.19% 0.94% 4.19% (Oct 2019) 1.94% (Dec 2018) 16.34 L 6.38 L
ITC Limited Cigarettes 1059.4 3.97% -0.32% 4.29% (Sep 2019) 1.64% (May 2019) 41.12 L 40.00 k
Axis Bank Ltd. Banks 1039.2 3.89% -0.09% 5.5% (Jan 2019) 3.7% (Jul 2019) 14.11 L -0.20 L
Tata Consultancy Services Ltd. Computers - software 969.6 3.63% -0.01% 4.31% (May 2019) 3.12% (Mar 2019) 4.27 L 0.00
Larsen & Toubro Ltd. Engineering, designing, construction 910.2 3.41% -0.29% 3.8% (May 2019) 2.49% (Feb 2019) 6.18 L 0.00
Indusind Bank Ltd. Banks 798 2.99% -0.42% 3.68% (Aug 2019) 1.65% (Apr 2019) 6.08 L 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
Net Receivables Net Receivables 0.52%
TREPS TREPS 0.22%
MF Units MF Units 0.00%

Risk Ratios

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

  • Standard Deviation

    High volatility
    13.66vs10.01
    Category Avg
  • Beta

    High volatility
    1.03vs0.7
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    0.65vs0.14
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.09vs0.02
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    2.62vs-1.33
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Axis Long Term Equity Fund - Direct Plan - Growth 5 21492.33 5.09 11.51 16.09 21.07 16.95
JM Tax Gain Fund - (Direct) - Growth 5 34.63 2.87 10.59 12.73 18.79 15.11
BNP Paribas Long Term Equity Fund - Direct Plan - Growth 4 477.60 4.10 8.74 11.80 17.89 11.93
Motilal Oswal Long Term Equity Fund - Direct Plan - Growth 3 1584.31 6.72 14.42 14.51 17.13 14.66
DSP Tax Saver Fund - Direct Plan - Growth 4 6102.99 4.02 9.15 10.33 17.00 11.91
LIC MF Tax Plan 1997 - Direct Plan - Growth 4 250.66 4.74 10.58 13.67 16.80 13.83
Tata India Tax Savings Fund - Direct Plan - Growth 3 2008.76 5.09 8.62 8.96 16.50 13.62
BOI AXA Tax Advantage Fund - Direct Plan - Growth 3 255.19 5.01 12.33 13.84 16.15 13.31
Kotak Tax Saver Scheme - Direct Plan - Growth 4 986.69 5.36 7.91 7.63 14.75 12.05
Canara Robeco Equity Tax Saver - Direct Plan - Growth 4 995.11 4.01 9.27 8.11 13.96 13.37

More Funds from Mirae Asset Mutual Fund

Out of 15 mutual fund schemes offered by this AMC, 3 is/are ranked 5 * , 3 is/are ranked 4 * , 1 is/are ranked 3 * , and 8 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 15896.69 5.50 8.29 8.10 13.79 14.62
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth 5 8868.42 7.17 9.55 11.28 16.20 15.51
Mirae Asset Cash Management Fund - Direct Plan - Growth 4 3362.81 0.44 1.41 3.15 6.93 6.98
Mirae Asset Hybrid - Equity - Direct Plan - Growth 5 2808.50 4.95 6.58 7.60 13.08 13.53
Mirae Asset Tax Saver Fund - Direct Plan - Growth 5 2670.71 7.00 9.56 11.20 16.41 17.40
Mirae Asset Focused Fund - Direct Plan - Growth NA 1868.65 6.65 13.09 17.10 0.00 0.00
Mirae Asset Midcap Fund - Direct Plan - Growth NA 999.75 6.14 10.28 0.00 0.00 0.00
Mirae Asset Great Consumer Fund - Direct Plan - Growth NA 931.00 5.47 14.32 13.79 15.94 18.00
Mirae Asset Savings Fund - Direct Plan - Growth 3 529.07 0.65 1.82 3.04 7.59 7.02
Mirae Asset Healthcare Fund - Direct Plan - Growth NA 357.92 4.28 5.08 3.66 2.37 0.00

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