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Fincash » Mutual Funds » Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund - G

NAV  ₹17.852 ↓ -0.09   (-0.49 %) as on 21 Jun 19

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 18.1% since its launch.  Return for 2018 was -2.3% , 2017 was 47.9% and 2016 was 14.8% .

Below is the key information for Mirae Asset Tax Saver Fund

NAV as on 21 Jun 19₹17.852 ↓ -0.09   (-0.49 %)
Net Assets (AUM) as on 30 Apr 2019 ₹1,949 Cr.
Launch Date28 Dec 2015
CategoryEquity - ELSS
RatingNot Rated
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio1.16
Expense Ratio2.45 %
Sharpe Ratio0.26
Information Ratio1.54
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 21 Jun 19

DurationReturns
1 Month 2.3%
3 Month 2.4%
6 Month 7.6%
1 Year 9.9%
3 Year 18.8%
5 Year
10 Year
15 Year
Since launch 18.1%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2018 -2.3%
2017 47.9%
2016 14.8%
2015
2014
2013
2012
2011
2010

Growth of 10k Over Years

DateValue
31 May 16₹10,393
31 May 17₹14,366
31 May 18₹16,272
31 May 19₹17,943
Mirae Asset Tax Saver Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash1.94%
Equity98.06%
Mirae Asset Tax Saver Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services35.09%
Consumer Cyclical13.08%
Technology10.6%
Consumer Defensive8.27%
Industrials8.17%
Basic Materials7.04%
Energy6.5%
Health Care6.24%
Utility3.06%
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 - Regional - Asia9%₹172 Cr740,438
↑ 125,120
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
Banks - Regional - Asia6%₹115 Cr2,832,209
↑ 408,643
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE
Oil & Gas Refining & Marketing5%₹90 Cr647,376
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
Banks - Regional - Asia4%₹77 Cr1,001,193
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
Information Technology Services4%₹73 Cr972,437
↑ 172,657
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
Information Technology Services4%₹72 Cr316,975
↑ 30,155
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT
Engineering & Construction4%₹70 Cr515,581
↑ 26,526
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
Banks - Regional - Asia3%₹60 Cr1,946,527
↑ 170,170
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | KOTAKBANK
Banks - Regional - Asia3%₹55 Cr399,040
↑ 64,704
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 15 | MARUTI
Auto Manufacturers3%₹55 Cr82,145
↑ 10,384
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Fund Managers

NameSinceTenure
Neelesh Surana28 Dec 153.26 Yr.

Custodians

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

Registrar & Transfer Agent

Karvy Fintech Pvt Ltd.
Address"KARVY HOUSE",46, Avenue 4, Street No.1,,Banjara Hills,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

CompanyAddress
Mirae Asset Mutual FundUnit No.606, Windsor Building Off.,C.S.T Road, Kalina Santacruz E

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
₹17.852
↓ -0.09
7.63 %9.89 %18.82 %-
Mirae Asset Tax Saver Fund
Normal Dividend, Payout
₹15.174
↓ -0.08
7.63 %9.49 %18.68 %-
Data as on 21 Jun 19

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