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Fincash » Mutual Funds » Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund - G

NAV  ₹18.541 ↓ 0.04   (0.23 %) as on 14 Nov 19

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 17.3% since its launch.  Return for 2018 was -2.3% , 2017 was 47.9% and 2016 was 14.8% .

Below is the key information for Mirae Asset Tax Saver Fund

NAV as on 14 Nov 19₹18.541 ↓ 0.04   (0.23 %)
Net Assets (AUM) as on 30 Sep 2019 ₹2,465 Cr.
Launch Date28 Dec 2015
CategoryEquity - ELSS
RatingNot Rated
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio4.22
Expense Ratio2.45 %
Sharpe Ratio0.512
Information Ratio1.1
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 14 Nov 19

DurationReturns
1 Month 6.8%
3 Month 9.1%
6 Month 10.3%
1 Year 14.4%
3 Year 15.8%
5 Year
10 Year
15 Year
Since launch 17.3%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2018 -2.3%
2017 47.9%
2016 14.8%
2015
2014
2013
2012
2011
2010

Growth of 10k Over Years

DateValue
31 Oct 16₹12,391
31 Oct 17₹16,082
31 Oct 18₹15,863
31 Oct 19₹18,437
Mirae Asset Tax Saver Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.74%
Equity99.26%
Other0%
Mirae Asset Tax Saver Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services36.63%
Consumer Cyclical10.86%
Consumer Defensive9.75%
Health Care7.99%
Energy7.87%
Technology7.82%
Industrials6.5%
Basic Materials6.06%
Utility4.03%
Communication Services1.73%
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 - Regional - Asia10%₹247 Cr2,009,876
↑ 167,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
Banks - Regional - Asia6%₹156 Cr3,604,412
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE
Oil & Gas Refining & Marketing5%₹125 Cr939,876
↑ 80,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
Banks - Regional - Asia5%₹114 Cr4,198,799
↑ 823,026
ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | ITC
Tobacco4%₹106 Cr4,071,794
↑ 626,919
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
Banks - Regional - Asia4%₹98 Cr1,431,338
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT
Engineering & Construction4%₹91 Cr617,880
↑ 85,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
Information Technology Services4%₹90 Cr427,179
↑ 48,204
IndusInd Bank Ltd (Financial Services)
Equity, Since 29 Feb 16 | INDUSINDBK
Banks - Regional - Asia3%₹84 Cr607,689
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
Information Technology Services3%₹80 Cr995,437
↑ 70,000
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Fund Managers

NameSinceTenure
Neelesh Surana28 Dec 153.26 Yr.

Custodians

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

Registrar & Transfer Agent

Karvy Fintech Pvt Ltd.
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
₹18.541
↑ 0.04
10.28 %14.41 %15.85 %-
Mirae Asset Tax Saver Fund
Normal Dividend, Payout
₹15.759
↑ 0.04
10.27 %13.97 %15.71 %-
Data as on 14 Nov 19

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