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Fincash » Mutual Funds » Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund - G

NAV  ₹31.444 ↑ 0.36  (1.15 %) as on 23 Sep 21

Scheme Objective

The investment objective of the scheme is to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. The Scheme does not guarantee or assure any returns.

Mirae Asset Tax Saver Fund is a Equity - ELSS fund launched on 28 Dec 15. It is a fund with Moderately High risk and has given a CAGR return of 22.1% since its launch.  Return for 2020 was 21.5% , 2019 was 14.1% and 2018 was -2.3% .

Below is the key information for Mirae Asset Tax Saver Fund

NAV as on 23 Sep 21₹31.444 ↑ 0.36  (1.15 %)
Net Assets (AUM) as on 31 Aug 2021 ₹9,401 Cr.
Launch Date28 Dec 2015
CategoryEquity - ELSS
RatingNot Rated
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio9.53
Expense Ratio1.4 %
Sharpe Ratio3.452
Information Ratio1.57
BenchmarkNot Available
Min Investment ₹500
Min SIP Investment ₹500
Exit Load NIL

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Sep 21

DurationReturns
1 Month 7.8%
3 Month 13.1%
6 Month 23.2%
1 Year 68.9%
3 Year 23.3%
5 Year 20.9%
10 Year
15 Year
Since launch 22.1%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2020 21.5%
2019 14.1%
2018 -2.3%
2017 47.9%
2016 14.8%
2015
2014
2013
2012

Growth of 10k Over Years

DateValue
31 Aug 16₹10,000
31 Aug 17₹12,804
31 Aug 18₹14,835
31 Aug 19₹14,396
31 Aug 20₹15,873
31 Aug 21₹25,519
Mirae Asset Tax Saver Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.98%
Equity99.02%
Other0%
Mirae Asset Tax Saver Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services38.92%
Technology12.1%
Basic Materials11.65%
Consumer Cyclical8.15%
Industrials6.79%
Health Care6.57%
Consumer Defensive3.98%
Communication Services3.8%
Utility1.87%
Energy1.47%
Mirae Asset Tax Saver Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
Banks - Regional8%₹703 Cr4,929,722
↑ 245,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
Banks - Regional7%₹637 Cr9,338,912
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
Information Technology Services7%₹575 Cr3,571,693
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
Banks - Regional4%₹389 Cr5,486,266
↑ 175,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
Information Technology Services4%₹340 Cr1,074,826
↑ 135,000
Reliance Industries Limited
Equity, Since 30 Jun 21 | -
4%₹326 Cr2,308,304
↑ 275,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
Banks - Regional4%₹310 Cr7,183,799
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL
Telecom Services3%₹265 Cr4,716,889
↑ 398,889
Tata Steel Ltd (Basic Materials)
Equity, Since 31 Dec 15 | TATASTEEL
Steel3%₹222 Cr1,550,846
↓ -170,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 17 | HDFC
Mortgage Finance3%₹220 Cr901,263
↑ 40,000
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Fund Managers

NameSinceTenure
Neelesh Surana28 Dec 155.59 Yr.

Custodians

CompanyAddress
Deutsche Bank AGDeutsche Bank AG,Kodak House, 22, D.N. Road,

Registrar & Transfer Agent

KFin Technologies Private Limited
Address"KARVY HOUSE",46, Avenue 4, Street No.1,,Banjara Hills,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

CompanyAddress
Mirae Asset Investment Managers (India) Private LimitedIndia

Auditors

CompanyAddress
M/s. Chokshi & Chokshi101/102, Kshamalaya 1st Floor,,37, Sir V. Thackersey Marg,

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
Mirae Asset Tax Saver Fund
Growth
₹31.444
↑ 0.36
23.18 %68.89 %23.3 %20.95 %
Mirae Asset Tax Saver Fund
Normal Dividend, Payout
₹23.254
↑ 0.26
23.19 %67.84 %22.51 %20.49 %
Data as on 23 Sep 21

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.