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Fincash » Mutual Funds » Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund - G

NAV  ₹41.77 ↓ -0.52  (-1.24 %) as on 15 Apr 24

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 2023 was 27% , 2022 was 0.1% and 2021 was 35.3% .

Below is the key information for Mirae Asset Tax Saver Fund

NAV as on 15 Apr 24₹41.77 ↓ -0.52  (-1.24 %)
Net Assets (AUM) as on 29 Feb 2024 ₹21,302 Cr.
Launch Date28 Dec 2015
CategoryEquity - ELSS
RatingNot Rated
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio-2.74
Expense Ratio1.19 %
Sharpe Ratio2.278
Information Ratio-0.7
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 15 Apr 24

DurationReturns
1 Month 4.2%
3 Month 2.6%
6 Month 16.2%
1 Year 35.2%
3 Year 18.4%
5 Year 18.7%
10 Year
15 Year
Since launch 18.8%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 27%
2022 0.1%
2021 35.3%
2020 21.5%
2019 14.1%
2018 -2.3%
2017 47.9%
2016 14.8%
2015

Growth of 10k Over Years

DateValue
31 Mar 19₹10,000
31 Mar 20₹7,769
31 Mar 21₹14,451
31 Mar 22₹17,380
31 Mar 23₹17,171
31 Mar 24₹23,203
Mirae Asset Tax Saver Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.49%
Equity99.51%
Other0%
Mirae Asset Tax Saver Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services32.11%
Consumer Cyclical13.75%
Industrials11.23%
Basic Materials9.71%
Technology9.29%
Health Care7.19%
Energy4.81%
Utility4.5%
Consumer Defensive3.28%
Communication Services2.35%
Real Estate1.3%
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%₹1,711 Cr12,194,903
↑ 700,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
Banks - Regional5%₹1,038 Cr13,873,799
↓ -860,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
Banks - Regional5%₹987 Cr9,381,912
↓ -687,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT
Engineering & Construction4%₹830 Cr2,387,755
↑ 141,923
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE
Oil & Gas Refining & Marketing4%₹799 Cr2,733,104
↓ -272,500
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
Banks - Regional4%₹755 Cr7,026,566
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | KOTAKBANK
Banks - Regional4%₹752 Cr4,448,201
↑ 125,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
Information Technology Services3%₹658 Cr3,929,691
NTPC Ltd (Utilities)
Equity, Since 31 Jan 22 | 532555
Utilities - Regulated Electric2%₹530 Cr15,801,689
↓ -2,825,000
HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH
Information Technology Services2%₹467 Cr2,804,076
↓ -496,553
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Fund Managers

NameSinceTenure
Neelesh Surana28 Dec 158.26 Yr.

Custodians

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

Registrar & Transfer Agent

KFin Technologies Ltd
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
₹41.77
↓ -0.52
16.15 %35.23 %18.38 %18.69 %
Mirae Asset Tax Saver Fund
Normal Dividend, Payout
₹23.832
↓ -0.30
16.15 %34.3 %17.57 %17.84 %
Data as on 15 Apr 24

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