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Fincash » Mutual Funds » Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund - G

NAV  ₹29.773 ↑ 0.28  (0.94 %) as on 29 Mar 23

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 16.2% since its launch.  Return for 2022 was 0.1% , 2021 was 35.3% and 2020 was 21.5% .

Below is the key information for Mirae Asset Tax Saver Fund

NAV as on 29 Mar 23₹29.773 ↑ 0.28  (0.94 %)
Net Assets (AUM) as on 28 Feb 2023 ₹14,043 Cr.
Launch Date28 Dec 2015
CategoryEquity - ELSS
RatingNot Rated
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio-0.94
Expense Ratio1.28 %
Sharpe Ratio-0.163
Information Ratio0.41
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 29 Mar 23

DurationReturns
1 Month -1.5%
3 Month -5.2%
6 Month 0.6%
1 Year -1.5%
3 Year 29.5%
5 Year 13.8%
10 Year
15 Year
Since launch 16.2%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2022 0.1%
2021 35.3%
2020 21.5%
2019 14.1%
2018 -2.3%
2017 47.9%
2016 14.8%
2015
2014

Growth of 10k Over Years

DateValue
28 Feb 18₹10,000
28 Feb 19₹9,993
29 Feb 20₹10,961
28 Feb 21₹15,304
28 Feb 22₹18,016
28 Feb 23₹18,416
Mirae Asset Tax Saver Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.41%
Equity99.59%
Other0%
Mirae Asset Tax Saver Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services35.61%
Consumer Cyclical11.6%
Technology10.29%
Basic Materials8.39%
Industrials7.91%
Energy6.93%
Health Care6.74%
Consumer Defensive4.7%
Utility4.08%
Communication Services2.82%
Real Estate0.53%
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%₹1,194 Cr7,467,222
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
Banks - Regional7%₹1,030 Cr12,053,912
↑ 690,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE
Oil & Gas Refining & Marketing7%₹939 Cr4,044,179
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
Information Technology Services5%₹672 Cr4,519,691
↓ -335,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
Banks - Regional5%₹654 Cr7,748,266
↑ 430,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
Banks - Regional4%₹495 Cr9,458,799
↑ 300,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT
Engineering & Construction3%₹442 Cr2,095,630
↑ 288,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL
Telecom Services3%₹396 Cr5,329,889
HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH
Information Technology Services3%₹392 Cr3,636,672
↑ 1,530,054
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 17 | HDFC
Mortgage Finance3%₹360 Cr1,380,263
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Fund Managers

NameSinceTenure
Neelesh Surana28 Dec 157.18 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
₹29.773
↑ 0.28
0.55 %-1.49 %29.52 %13.78 %
Mirae Asset Tax Saver Fund
Normal Dividend, Payout
₹18.513
↑ 0.17
-0.1 %-2.13 %28.66 %13.03 %
Data as on 29 Mar 23

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