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Fincash » Mutual Funds » Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund - G

NAV  ₹25.726 ↓ -0.04  (-0.16 %) as on 9 Apr 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 19.6% 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 9 Apr 21₹25.726 ↓ -0.04  (-0.16 %)
Net Assets (AUM) as on 28 Feb 2021 ₹6,351 Cr.
Launch Date28 Dec 2015
CategoryEquity - ELSS
RatingNot Rated
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio5.26
Expense Ratio1.63 %
Sharpe Ratio1.02
Information Ratio1.12
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 9 Apr 21

DurationReturns
1 Month -1.1%
3 Month 7.4%
6 Month 30.6%
1 Year 76.3%
3 Year 16.7%
5 Year 21.9%
10 Year
15 Year
Since launch 19.6%

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 Mar 16₹10,000
31 Mar 17₹13,829
31 Mar 18₹16,061
31 Mar 19₹18,098
31 Mar 20₹14,060
31 Mar 21₹26,154
Mirae Asset Tax Saver Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.32%
Equity99.68%
Other0%
Mirae Asset Tax Saver Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services38.67%
Technology11.42%
Basic Materials10.1%
Consumer Cyclical7.4%
Health Care7.18%
Consumer Defensive6.23%
Industrials6.18%
Energy4.42%
Communication Services3.26%
Utility1.84%
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 - Regional9%₹593 Cr3,864,722
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
Information Technology Services7%₹448 Cr3,571,693
↑ 365,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
Banks - Regional7%₹445 Cr7,443,912
↑ 140,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
Banks - Regional5%₹296 Cr4,086,266
↓ -80,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
Information Technology Services4%₹273 Cr944,826
↑ 155,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
Banks - Regional3%₹197 Cr5,053,799
Reliance Industries Limited
Equity, Since 30 Jun 20 | -
3%₹190 Cr1,568,304
↓ -42,034
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL
Telecom Services3%₹184 Cr3,313,000
↓ -265,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 15 | MARUTI
Auto Manufacturers3%₹161 Cr235,091
↑ 65,999
JK Cement Ltd (Basic Materials)
Equity, Since 30 Jun 19 | JKCEMENT
Building Materials2%₹157 Cr584,199
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Fund Managers

NameSinceTenure
Neelesh Surana28 Dec 155.26 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
₹25.726
↓ -0.04
30.6 %76.28 %16.69 %21.86 %
Mirae Asset Tax Saver Fund
Normal Dividend, Payout
₹19.025
↓ -0.03
29.79 %75.17 %15.95 %21.39 %
Data as on 9 Apr 21

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