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Fincash » Mutual Funds » Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund - G

NAV  ₹31.468 ↓ -0.05  (-0.16 %) as on 18 Aug 22

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 18.8% since its launch.  Return for 2021 was 35.3% , 2020 was 21.5% and 2019 was 14.1% .

Below is the key information for Mirae Asset Tax Saver Fund

NAV as on 18 Aug 22₹31.468 ↓ -0.05  (-0.16 %)
Net Assets (AUM) as on 30 Jun 2022 ₹11,495 Cr.
Launch Date28 Dec 2015
CategoryEquity - ELSS
RatingNot Rated
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio-1.56
Expense Ratio1.4 %
Sharpe Ratio-0.318
Information Ratio1.03
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 18 Aug 22

DurationReturns
1 Month 8.6%
3 Month 9.7%
6 Month 3.1%
1 Year 6.4%
3 Year 22.7%
5 Year 15.8%
10 Year
15 Year
Since launch 18.8%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2021 35.3%
2020 21.5%
2019 14.1%
2018 -2.3%
2017 47.9%
2016 14.8%
2015
2014
2013

Growth of 10k Over Years

DateValue
31 Jul 17₹10,000
31 Jul 18₹10,994
31 Jul 19₹11,172
31 Jul 20₹11,601
31 Jul 21₹18,738
31 Jul 22₹19,668
Mirae Asset Tax Saver Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.89%
Equity99.11%
Other0%
Mirae Asset Tax Saver Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services34.32%
Technology12.85%
Consumer Cyclical10.02%
Basic Materials8.19%
Industrials7.7%
Energy7.63%
Health Care7.59%
Consumer Defensive4.79%
Communication Services3.24%
Utility2.78%
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%₹902 Cr6,689,722
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
Information Technology Services7%₹749 Cr5,124,691
↑ 300,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
Banks - Regional6%₹744 Cr10,518,912
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE
Oil & Gas Refining & Marketing6%₹707 Cr2,724,180
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
Banks - Regional4%₹483 Cr7,583,266
↑ 422,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
Banks - Regional4%₹414 Cr8,883,799
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
Information Technology Services3%₹341 Cr1,042,537
↓ -35,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL
Telecom Services2%₹283 Cr4,134,889
↑ 896,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT
Engineering & Construction2%₹282 Cr1,807,630
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Dec 15 | SUNPHARMA
Drug Manufacturers - Specialty & Generic2%₹256 Cr3,082,209
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Fund Managers

NameSinceTenure
Neelesh Surana28 Dec 156.6 Yr.

Custodians

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

Registrar & Transfer Agent

KFin Technologies Limited
AddressKFin Technologies Pvt. Ltd,,1D/D Extension 2, Valmiki Chowk,,Gandhi Nagar,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

CompanyAddress
Mirae Asset Investment Managers (India) Private LimitedMirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098

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
₹31.468
↓ -0.05
3.13 %6.41 %22.67 %15.82 %
Mirae Asset Tax Saver Fund
Normal Dividend, Payout
₹21.392
↓ -0.03
2.38 %5.64 %21.74 %15.21 %
Data as on 18 Aug 22

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