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Fincash » Mutual Funds » Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund - G

NAV  ₹17.049 ↓ 0.05   (0.32 %) as on 16 Aug 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 15.8% 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 16 Aug 19₹17.049 ↓ 0.05   (0.32 %)
Net Assets (AUM) as on 30 Jun 2019 ₹2,202 Cr.
Launch Date28 Dec 2015
CategoryEquity - ELSS
RatingNot Rated
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio4.2
Expense Ratio2.45 %
Sharpe Ratio0.662
Information Ratio1.48
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 16 Aug 19

DurationReturns
1 Month -4.8%
3 Month 1.2%
6 Month 5.4%
1 Year -0.7%
3 Year 13.9%
5 Year
10 Year
15 Year
Since launch 15.8%

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

Asset Allocation

Asset ClassValue
Cash0.54%
Equity99.46%
Other0%
Mirae Asset Tax Saver Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services34.86%
Consumer Cyclical12.77%
Consumer Defensive9.45%
Technology9.39%
Basic Materials9.13%
Health Care7.44%
Industrials7.26%
Energy5.64%
Utility3.5%
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 - Asia9%₹190 Cr842,438
↑ 63,500
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
Banks - Regional - Asia6%₹136 Cr3,205,209
↑ 70,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE
Oil & Gas Refining & Marketing5%₹100 Cr859,876
↑ 127,500
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
Information Technology Services4%₹91 Cr413,975
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
Banks - Regional - Asia4%₹87 Cr2,606,527
↑ 610,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
Banks - Regional - Asia4%₹82 Cr1,211,193
↑ 185,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
Information Technology Services4%₹78 Cr980,437
↓ -50,000
IndusInd Bank Ltd (Financial Services)
Equity, Since 29 Feb 16 | INDUSINDBK
Banks - Regional - Asia4%₹78 Cr550,189
↓ -43,719,299
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT
Engineering & Construction3%₹68 Cr490,581
Tata Steel Ltd (Basic Materials)
Equity, Since 31 Dec 15 | TATASTEEL
Steel3%₹65 Cr1,497,268
↑ 135,683
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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
₹17.049
↑ 0.05
5.4 %-0.71 %13.93 %-
Mirae Asset Tax Saver Fund
Normal Dividend, Payout
₹14.491
↑ 0.05
5.4 %-1.08 %13.8 %-
Data as on 16 Aug 19

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