September 15, 2022
mayank
Mirae Asset Tax Saver Fund
NAV Growth : Rs 34.7880
NAV IDCW : Rs 24.6140
Suitable For Which Investors ?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy :
The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.
Mirae Asset Tax Saver Fund Manager :
1) Neelesh Surana
Education : Mr. Surana is B.E (Mechanical) and MBA in Finance.
Experience : Prior to joining Mirae Asset AMC he has worked with ASK Investment Managers Pvt Ltd.
Investment Details
| Min. Investment (Rs) : | 500 |
| Min. Addl Investment (Rs) : | 500 |
| Min. SIP Investment (Rs) : | 500 |
| Min. Withdrawal (Rs) : | 500 |
| Min. No of Cheques : | 5 |
| Min. Balance (Rs) : | — |
| Lock-in Period : | 3 Years |
| Exit Load : | 0 |
Basic Details
| Fund House : | Mirae Asset Mutual Fund |
| Launch Date : | 28-Dec-15 |
| Return Since Launch : | 20.39% |
| Benchmark : | NIFTY 500 TRI |
| Riskometer : | Very High |
| Type : | Open-ended |
| Assets : | Rs 13,148 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | 0.56% |
| (As on 31-Jul-2022) | |
| Risk Grade : | Low |
| Return Grade : | High |
| Turnover : | 73.00% |
Mirae Asset Tax Saver Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Tax Saver Dir | 2.02 | -0.33 | 1.85 | 14.27 | 7.68 | 2.98 | 24.08 | 16.57 | — | — |
| S&P BSE 500 TRI | 5.83 | -0.25 | 3.3 | 17.44 | 10.1 | 6.55 | 21.67 | 13.5 | — | — |
| Equity: ELSS | 4.16 | -0.14 | 3.58 | 17.32 | 9.51 | 5.68 | 21.32 | 12.82 | — | — |
| Rank within category | 28 | 27 | 36 | 35 | 30 | 28 | 6 | 3 | — | — |
| Number of funds in category | 36 | 36 | 36 | 36 | 36 | 36 | 35 | 32 | 28 | 1 |
Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turn over (%) |
| Mirae Asset Tax Saver Dir | 5 star | 2.98 | 24.08 | 16.57 | 0.56 | 13,148 | 20.39 | — | 6yrs 8mo | 73.00 |
| DSP Tax Saver Dir | 4 star | 4.32 | 22.38 | 14.12 | 0.82 | 10,219 | 17.4 | — | 9yrs 8mo | 49.00 |
| Canara Robeco Eqt Tax Saver Dir | 5 star | 5.28 | 26.28 | 17.44 | 0.59 | 4,198 | 16.28 | — | 9yrs 8mo | 43.00 |
| IDFC Tax Advtg (ELSS) Dir | 4 star | 11.04 | 26.32 | 14.76 | 0.74 | 3,851 | 18.16 | — | 9yrs 8mo | 18.00 |
| Kotak Tax Saver Dir | 4 star | 9.44 | 23.32 | 14.56 | 0.71 | 2,936 | 16.03 | — | 9yrs 8mo | 21.12 |
Portfolio Analysis
| No. of Stocks : | 68 |
| Top 10 Stocks % : | 43.83 |
| Top 5 Stocks % : | 30.26 |
| Top 3 Sectors % : | 52.39 |
| Portfolio P/B Ratio : | 3.25 |
| Portfolio P/E Ratio : | 21.5 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,43,091 | 1,48,743 |
| Giant (%) | 52.29 | 53.44 |
| Large (%) | 16.08 | 18.01 |
| Mid (%) | 24.95 | 22.45 |
| Small (%) | 6.68 | 6.42 |
| Tiny (%) | — | 0.24 |
Mirae Asset Tax Saver Fund by Chanakya :
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online :
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