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Mirae Asset Tax Saver Fund - Regular Plan - Growth

  • Regular
  • Direct
Category : ELSS
  • NAV
    : ₹ 26.161 -0.17%
    (as on 11th May, 2021)
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Crisil Rank
Very good performance among peers
Risk-O-Meter
Moderately High

Fund has 99.27% investment in indian stocks of which 57.11% is in large cap stocks, 16.94% is in mid cap stocks, 9.7% 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 4 to 5 in the previous quarter.

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Returns (NAV as on 11th May, 2021)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 04-May-21 10265.30 2.65% - 2.75% 32/67
1 Month 09-Apr-21 10169.10 1.69% - 1.78% 27/67
3 Month 11-Feb-21 10157.60 1.58% - 3.03% 34/67
6 Month 11-Nov-20 12351.70 23.52% - 26.05% 34/67
YTD 01-Jan-21 11253.50 12.53% - 12.35% 27/67
1 Year 11-May-20 17709.90 77.10% 77.10% 70.44% 18/67
2 Year 10-May-19 15391.50 53.91% 23.99% 18.36% 10/65
3 Year 11-May-18 15690.60 56.91% 16.19% 9.31% 6/61
5 Year 11-May-16 26007.60 160.08% 21.05% 14.22% 4/45
Since Inception 28-Dec-15 26161.00 161.61% 19.60% 13.24% 10/63

SIP Returns (NAV as on 11th May, 2021)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 11-May-20 12000 15610.54 30.09 % 60.26 %
2 Year 10-May-19 24000 33571.55 39.88 % 36.03 %
3 Year 11-May-18 36000 52567.02 46.02 % 26.2 %
5 Year 11-May-16 60000 99298.07 65.5 % 20.26 %
 

Tax Treatment

Portfolio (Updated on 30th Apr,2021)

Equity Holding : 99.27% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.27%
No of Stocks : 64 (Category Avg - 46.80) | Large Cap Investments : 57.11%| Mid Cap Investments : 16.94% | Small Cap Investments : 9.7% | Other : 15.51%

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 6008.9 8.29% 0.00% 10.37% (Nov 2020) 8.84% (Jul 2020) 42.55 L 1.25 L
# ICICI Bank Ltd. Banks 5163.7 7.12% 0.00% 7.01% (Feb 2021) 4.94% (Jun 2020) 85.99 L 3.50 L
# Infosys Ltd. Computers - software 4837.3 6.67% 0.00% 7.15% (Oct 2020) 4.28% (Apr 2020) 35.72 L 0.00
# Axis Bank Ltd. Banks 3528.9 4.87% 0.00% 4.96% (Mar 2021) 3.7% (Sep 2020) 49.36 L 0.00
# Tata Consultancy Services Ltd. Computers - software 2868.2 3.96% 0.00% 4.5% (Oct 2020) 3.61% (May 2020) 9.45 L 0.00
# State Bank Of India Banks 2380.4 3.28% 0.00% 3.1% (Feb 2021) 2.14% (Oct 2020) 67.34 L 10.50 L
# Bharti Airtel Ltd. Telecom - services 2317.7 3.20% 0.00% 3.51% (Jan 2021) 0% (Apr 2020) 43.18 L 0.00
# Maruti Suzuki India Ltd. Passenger/utility vehicles 1808.2 2.49% 0.00% 2.63% (May 2020) 2.07% (Nov 2020) 2.80 L 23.00 k
# Reliance Industries Ltd. - Partly Paid Refineries/marketing 1684.4 2.32% 0.00% 3.33% (Nov 2020) 0% (Apr 2020) 15.68 L 0.00
# Housing Development Finance Corporation Ltd. Housing finance 1600.3 2.21% 0.00% 3.14% (Apr 2020) 1.83% (Jul 2020) 6.61 L 80.00 k
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
MF Units MF Units 0.32%
Net Receivables Net Receivables 0.23%
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 April, 2021)

  • Standard Deviation

    High volatility
    21.16vs19.07
    Category Avg
  • Beta

    High volatility
    0.98vs0.85
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    0.62vs0.31
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.13vs0.07
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    4.26vs-0.35
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Quant Tax Plan - Growth 5 147.76 10.64 23.98 56.81 131.83 26.79
IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth 4 3068.81 2.49 6.70 37.63 91.59 10.17
Franklin India Taxshield Fund - Growth 3 4336.40 2.85 2.26 25.73 75.26 8.65
DSP Tax Saver Fund - Regular Plan - Growth 4 8176.47 3.36 4.74 28.16 71.80 13.66
Nippon India Tax Saver Fund - Growth 1 11115.39 1.37 4.15 28.42 70.56 2.79
Parag Parikh Tax Saver Fund - Regular Plan - Growth NA 200.28 2.80 4.34 20.58 69.97 0.00
JM Tax Gain Fund - Growth 4 52.47 -0.88 -2.39 19.69 69.90 11.67
PGIM India Long Term Equity Fund - Growth 3 346.80 3.87 4.14 27.42 69.49 11.32
Quantum Tax Saving Fund - Growth 4 90.17 2.41 1.71 24.42 69.35 8.74
BOI AXA Tax Advantage Fund - Regular Plan - Growth 5 435.67 1.86 5.02 25.99 68.78 12.54

More Funds from Mirae Asset Mutual Fund

Out of 26 mutual fund schemes offered by this AMC, 2 is/are ranked 5 * , 4 is/are ranked 3 * , 2 is/are ranked 2 * , and 18 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 - Regular - Growth 3 23993.39 0.27 -2.07 16.18 59.33 11.66
Mirae Asset Emerging Bluechip Fund - Growth 5 16601.99 2.62 2.92 26.93 77.82 17.41
Mirae Asset Tax Saver Fund - Regular Plan - Growth 5 7251.32 1.69 1.58 23.52 77.10 16.19
Mirae Asset Focused Fund - Growth NA 5676.47 0.09 0.03 21.68 74.86 0.00
Mirae Asset Hybrid - Equity - Growth 3 4802.88 1.39 0.00 15.09 46.35 11.93
Mirae Asset Midcap Fund - Regular Plan - Growth NA 4539.66 3.10 5.08 37.40 96.23 0.00
Mirae Asset Cash Management Fund - Growth 3 4044.98 0.26 0.79 1.59 3.37 5.56
Mirae Asset Healthcare Fund - Growth NA 1458.98 6.84 10.89 24.22 59.58 0.00
Mirae Asset Great Consumer Fund - Growth NA 1180.69 -0.35 -0.73 20.33 57.71 10.32
Mirae Asset Savings Fund - Regular Savings - Growth 2 1045.77 0.41 1.09 1.67 5.83 6.01

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