Moneycontrol
Get App
you are here:

Mirae Asset Tax Saver Fund - Regular Plan - Growth

  • Regular
  • Direct
Category : ELSS
  • NAV
    : ₹ 17.99 0.88%
    (as on 25th June, 2019)
Crisil Rank
Very good performance among peers
Risk-O-Meter
Moderately High
Buy Recommended
(Min ₹500 for SIP, ₹500 for one time investment)

Fund has 99.9% investment in indian stocks of which 73.96% is in large cap stocks, 17.34% is in mid cap stocks, 7.45% 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.

This Scheme
VS
  • Nifty 50
  • NA
  • NA
  • Gold
Compare with
  • Date : -
  • NAV : -
  • Nifty 50 : -
  • Date : -
  • Investment : -
  • Value on selected date : -
  • Returns Calculator
  • SIP Calculator
  • VIP (Value Avg)
Amount
  • Investment Date
  • Sell Date
  • Investment Value
    -
  • Sell Value
    -
  • Profit/Loss
    -
  • Annualised Returns
    -
  • Date : -
  • Investment : -
  • Value on selected date : -

Returns (NAV as on 25th June, 2019)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 18-Jun-19 10076.85 0.77% - 0.73% 3/67
1 Month 24-May-19 9973.71 -0.26% - -1.10% 9/67
3 Month 25-Mar-19 10366.22 3.66% - 2.50% 16/67
6 Month 24-Dec-18 10849.30 8.49% - 5.67% 15/66
YTD 01-Apr-19 10090.53 0.91% - -0.35% 15/67
1 Year 25-Jun-18 11010.74 10.11% 10.14% 1.36% 4/63
2 Year 23-Jun-17 12272.38 22.72% 10.77% 4.85% 1/54
3 Year 24-Jun-16 16962.81 69.63% 19.26% 12.02% 1/47
Since Inception 28-Dec-15 17833.00 78.33% 18.03% - -/-

SIP Returns (NAV as on 25th Jun,2019)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
11 months 30 days 25-Jun-18 12000 12816.35 6.80 % 12.92 %
1 year 11 months 30 days 25-Jun-17 24000 26235.12 9.31 % 8.84 %
2 years 11 months 30 days 25-Jun-16 36000 43799.81 21.67 % 13.19 %
 

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 May,2019)

Portfolio Turnover Ratio : 57.00%  |   Category average turnover ratio is 103.93%  
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 : 99.90% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.90%
No of Stocks : 60 (Category Avg - 44.48) | Large Cap Investments : 73.96%| Mid Cap Investments : 17.34% | Small Cap Investments : 7.45% | Other : 1.16%

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 1860.1 8.81% 0.00% 7.76% (Mar 2019) 7.76% (Mar 2019) 7.67 L 26.50 k
ICICI Bank Ltd. Banks 1324.2 6.27% 0.35% 4.26% (Jun 2018) 4.26% (Jun 2018) 31.25 L 2.93 L
Tata Consultancy Services Ltd. Computers - software 909.3 4.31% 0.63% 1.51% (Jun 2018) 1.51% (Jun 2018) 4.14 L 97.00 k
Reliance Industries Ltd. Refineries/marketing 861.1 4.08% -0.55% 4.08% (May 2019) 4.08% (May 2019) 6.47 L 0.00
Axis Bank Ltd. Banks 809.3 3.83% -0.11% 1.61% (Jun 2018) 1.61% (Jun 2018) 10.01 L 0.00
Larsen & Toubro Ltd. Engineering, designing, construction 803 3.80% 0.24% 2.49% (Feb 2019) 2.49% (Feb 2019) 5.16 L 0.00
Infosys Ltd. Computers - software 760.2 3.60% -0.15% 1.94% (Dec 2018) 1.94% (Dec 2018) 10.30 L 58.00 k
State Bank Of India Banks 686.2 3.25% 0.15% 3.1% (Apr 2019) 3.1% (Apr 2019) 19.47 L 0.00
Tata Steel Ltd. Steel 634.1 3.00% 0.75% 2.23% (Mar 2019) 2.23% (Mar 2019) 12.98 L 5.10 L
HDFC Standard Life Insurance Company Ltd. Insurance 609.3 2.89% 0.35% 1.21% (Jan 2019) 0% (Jun 2018) 13.80 L 1.59 L
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
TREPS TREPS 0.30%
MF Units MF Units 0.10%
Net Receivables Net Receivables -0.30%

Risk Ratios

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

  • Standard Deviation

    High volatility
    13.15vs9.47
    Category Avg
  • Beta

    High volatility
    0.99vs0.67
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    1vs0.34
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.13vs0.05
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    4.81vs-0.27
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Kotak Tax Saver Scheme - Growth 4 934.61 0.45 6.09 11.23 11.72 14.29
Canara Robeco Equity Tax Saver - Regular Plan - Growth 5 982.77 -0.73 4.66 10.13 11.01 14.47
Tata India Tax Savings Fund - Regular Plan - Growth NA 1873.40 0.83 5.74 12.50 9.82 14.35
DSP Tax Saver Fund - Regular Plan - Growth 3 5642.77 -0.98 3.40 10.17 8.34 13.34
ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth 4 6424.90 -0.54 3.53 7.92 7.91 11.77
JM Tax Gain Fund - Growth 3 32.67 0.77 5.32 10.52 7.06 15.60
BNP Paribas Long Term Equity Fund - Growth 2 476.90 0.73 5.81 9.58 6.28 10.02
HDFC Tax Saver Fund - Growth 3 7544.77 -0.17 2.68 8.05 5.98 12.41
LIC MF Tax Plan 1997 - Growth 4 227.18 0.65 4.38 5.30 5.94 12.82
Quantum Tax Saving Fund - Growth NA 80.92 -0.69 1.12 4.13 5.53 0.00

More Funds from Mirae Asset Mutual Fund

Out of 14 mutual fund schemes offered by this AMC, 4 is/are ranked 5 * , 1 is/are ranked 4 * , 2 is/are ranked 3 * , and 7 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 5 13064.85 -0.75 2.22 8.74 9.58 16.02
Mirae Asset Emerging Bluechip Fund - Growth 5 7616.50 -0.51 2.36 8.33 10.18 18.04
Mirae Asset Cash Management Fund - Growth 3 3327.57 0.57 1.82 3.62 7.45 7.00
Mirae Asset Tax Saver Fund - Regular Plan - Growth 5 2111.58 -0.26 2.76 8.49 9.27 19.26
Mirae Asset Hybrid - Equity - Growth 5 2037.71 -0.13 2.44 7.86 9.87 13.41
Mirae Asset Focused Fund - Growth NA 949.45 -0.37 0.00 0.00 0.00 0.00
Mirae Asset Great Consumer Fund - Growth NA 776.65 -0.82 -0.59 1.41 3.28 16.18
Mirae Asset Savings Fund - Regular Savings - Growth 3 564.78 -0.62 0.69 2.72 6.25 6.16
Mirae Asset Healthcare Fund - Growth NA 339.32 -2.81 -5.98 -2.55 0.00 0.00
Mirae Asset Short Term Fund - Regular Plan - Growth 4 73.87 1.00 2.40 4.97 8.55 0.00

Forum

View More