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Fincash » Mutual Funds » Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund - G

NAV  ₹19.416 ↓ 0.18   (0.92 %) as on 23 Jan 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 17.7% 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 23 Jan 20₹19.416 ↓ 0.18   (0.92 %)
Net Assets (AUM) as on 31 Dec 2019 ₹3,066 Cr.
Launch Date28 Dec 2015
CategoryEquity - ELSS
RatingNot Rated
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio4.17
Expense Ratio2.11 %
Sharpe Ratio0.966
Information Ratio1.26
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 23 Jan 20

DurationReturns
1 Month 2.2%
3 Month 8.1%
6 Month 11.3%
1 Year 17.6%
3 Year 17.3%
5 Year
10 Year
15 Year
Since launch 17.7%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2018 14.1%
2017 -2.3%
2016 47.9%
2015 14.8%
2014
2013
2012
2011
2010

Growth of 10k Over Years

DateValue
31 Dec 15₹10,000
31 Dec 16₹11,480
31 Dec 17₹16,977
31 Dec 18₹16,591
31 Dec 19₹18,925
Mirae Asset Tax Saver Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.79%
Equity99.21%
Mirae Asset Tax Saver Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services37.36%
Consumer Cyclical11.22%
Consumer Defensive9.36%
Industrials8.14%
Energy7.85%
Health Care7.73%
Technology7.29%
Basic Materials5.02%
Utility3.94%
Communication Services1.31%
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
9%₹270 Cr2,115,085
↑ 63,752
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
6%₹185 Cr3,604,412
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
5%₹147 Cr4,301,299
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE
5%₹146 Cr939,876
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT
4%₹120 Cr904,880
↑ 287,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
4%₹114 Cr1,633,557
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
4%₹104 Cr1,411,338
ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | ITC
4%₹101 Cr4,111,794
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
3%₹96 Cr467,179
↑ 40,000
IndusInd Bank Ltd (Financial Services)
Equity, Since 29 Feb 16 | INDUSINDBK
3%₹95 Cr607,689
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Fund Managers

NameSinceTenure
Neelesh Surana28 Dec 153.93 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
₹19.416
↑ 0.18
11.32 %17.57 %17.25 %-
Mirae Asset Tax Saver Fund
Normal Dividend, Payout
₹15.56
↑ 0.14
10.27 %16.45 %16.74 %-
Data as on 23 Jan 20

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