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Fincash » Mutual Funds » Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund - G

NAV  ₹18.092 ↑ 0.07  (0.36 %) as on 6 Aug 20

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 13.7% since its launch.  Return for 2019 was 14.1% , 2018 was -2.3% and 2017 was 47.9% .

Below is the key information for Mirae Asset Tax Saver Fund

NAV as on 6 Aug 20₹18.092 ↑ 0.07  (0.36 %)
Net Assets (AUM) as on 30 Jun 2020 ₹3,538 Cr.
Launch Date28 Dec 2015
CategoryEquity - ELSS
RatingNot Rated
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio5.21
Expense Ratio2.45 %
Sharpe Ratio-0.139
Information Ratio0.67
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 6 Aug 20

DurationReturns
1 Month 3.5%
3 Month 21.7%
6 Month -5.7%
1 Year 6.6%
3 Year 5.5%
5 Year
10 Year
15 Year
Since launch 13.7%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2019 14.1%
2018 -2.3%
2017 47.9%
2016 14.8%
2015
2014
2013
2012
2011

Growth of 10k Over Years

DateValue
31 Jul 16₹11,415
31 Jul 17₹15,263
31 Jul 18₹16,780
31 Jul 19₹17,052
31 Jul 20₹17,707
Mirae Asset Tax Saver Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash1.28%
Equity98.72%
Other0%
Mirae Asset Tax Saver Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services36.66%
Technology10.89%
Industrials9.82%
Consumer Defensive9.66%
Energy7.45%
Basic Materials6.93%
Consumer Cyclical6.25%
Health Care4.07%
Utility3.76%
Communication Services2.05%
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%₹333 Cr3,120,722
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE
Oil & Gas Refining & Marketing6%₹217 Cr1,273,876
↓ -412,500
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
Information Technology Services6%₹197 Cr2,678,557
↑ 360,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
Banks - Regional5%₹175 Cr4,974,412
↑ 285,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
Information Technology Services4%₹151 Cr725,179
↑ 150,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
Banks - Regional4%₹133 Cr3,275,766
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT
Engineering & Construction3%₹107 Cr1,133,630
ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | ITC
Tobacco3%₹96 Cr4,933,461
↑ 555,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 15 | MARUTI
Auto Manufacturers3%₹93 Cr158,592
↑ 11,500
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
Banks - Regional3%₹90 Cr5,053,799
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Fund Managers

NameSinceTenure
Neelesh Surana28 Dec 154.51 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 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
₹18.092
↑ 0.07
-5.66 %6.64 %5.51 %-
Mirae Asset Tax Saver Fund
Normal Dividend, Payout
₹14.503
↑ 0.05
-5.64 %5.65 %5.06 %-
Data as on 6 Aug 20

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