Fund Performance
Lumpsum
SIP
24.33
as on 22 Sep 20233 Years
Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 19,218 today.
NAV Performance
Fund Information
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₹ 35.848
as on 22 Sep 2023 -
Regular - Growth
-
3 / 37
-
₹ 500
-
₹ 14,449 Cr.
as on 31 May 2023 -
1.64%
-
28 Dec 2015
-
Nifty 500 TRI
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Mirae Mutual Fund
Show All Funds -
Data not available.
Highlights of this fund
Mirae Asset Tax Saver Fund is an Open-ended Equity Fund. The fund belongs to ELSS category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 28 Dec 2015. This fund is offered by one of the top AMC (Assets Management Company) Mirae Mutual Fund. You can also view here all other Equity funds offered by Mirae Mutual Fund.
Latest NAV of the fund is ₹ 35.848 as on 22 Sep 2023.
This fund has 7 years of track record. Since 31 Mar 2023 expense ratio of this fund is 1.64%. Ideally you shoulds compare this fund with the benchmark Nifty 500 TRI.
You can invest in this fund in SIP with the minimum investment of ₹ 500. Lumpsum invest is offered with minimum investment of ₹ 500.
Fund 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.
List of Fund Managers of Mirae Asset Tax Saver Fund
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About Neelesh Surana
Neelesh bring with him about 24 years professional experience in financial services including fund management. He is responsible for supervising and managing Equity schemes. Prior to this assignment, Neelesh was associated with ASK Investment Managers Pvt Ltd as a Senior Portfolio Manager where he was managing domestic and offshore portfolios.
Riskometer : Risk associated with this fund
Investors understand that their principal will be at Very High Risk
Fund Return Comparison
| Fund Name | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Category Best | 4.75% | 11.13% | 25.95% | 26.21% | 32.94% | 34.63% | 24.02% | 23.88% | 37.19% | 24.83% | 23.35% | 29.58% | 22.88% |
| Category Average | 2.08% | 7.00% | 18.95% | 14.97% | 9.09% | 23.43% | 13.43% | 16.23% | 23.94% | 15.54% | 16.51% | 17.67% | 14.29% |
| Mirae Asset Tax Saver Fund | 2.06%₹ 10,205 | 7.61%₹ 10,761 | 19.75%₹ 11,974 | 15.83%₹ 11,582 | 24.46%₹ 13,535 | 7.39%₹ 11,531 | 14.78%₹ 27,793 | 24.33%₹ 19,218 | 16.06%₹ 45,667 | 16.38%₹ 21,369 | 19.15%₹ 96,708 | - | - |
| Quant Tax Plan | 2.94%₹ 10,293 | 10.59%₹ 11,059 | 22.67%₹ 12,266 | 8.73%₹ 10,873 | 24.21%₹ 13,520 | 13.60%₹ 12,904 | 18.03%₹ 28,654 | 34.63%₹ 24,399 | 23.35%₹ 50,575 | 24.02%₹ 29,375 | 29.58%₹ 1,24,236 | 23.88%₹ 85,294 | 22.88%₹ 4,02,701 |
| Kotak Tax Saver Fund | 2.07%₹ 10,207 | 7.43%₹ 10,742 | 18.37%₹ 11,837 | 15.68%₹ 11,567 | 24.00%₹ 13,507 | 11.37%₹ 12,403 | 17.36%₹ 28,475 | 25.31%₹ 19,675 | 18.36%₹ 47,184 | 15.80%₹ 20,840 | 19.32%₹ 97,112 | 17.49%₹ 50,207 | 15.69%₹ 2,73,129 |
| IDFC Tax Advantage (elss) Fund | 1.43%₹ 10,143 | 7.96%₹ 10,795 | 21.34%₹ 12,134 | 18.67%₹ 11,867 | 27.81%₹ 13,738 | 12.77%₹ 12,718 | 18.74%₹ 28,844 | 30.96%₹ 22,461 | 21.42%₹ 49,243 | 16.19%₹ 21,195 | 22.65%₹ 1,05,277 | 18.51%₹ 54,755 | 16.97%₹ 2,92,511 |
| BOI AXA Tax Advantage Fund | 4.24%₹ 10,423 | 10.53%₹ 11,053 | 23.71%₹ 12,371 | 16.90%₹ 11,689 | 30.00%₹ 13,870 | 8.07%₹ 11,679 | 18.60%₹ 28,805 | 25.92%₹ 19,964 | 18.96%₹ 47,585 | 18.15%₹ 23,048 | 22.27%₹ 1,04,305 | 17.55%₹ 50,484 | 17.09%₹ 2,94,437 |
| Union Long Term Equity Fund | 1.57%₹ 10,157 | 7.19%₹ 10,719 | 20.03%₹ 12,002 | 14.05%₹ 11,405 | 23.32%₹ 13,466 | 8.66%₹ 11,806 | 15.48%₹ 27,978 | 24.63%₹ 19,360 | 17.18%₹ 46,399 | 15.43%₹ 20,510 | 19.20%₹ 96,810 | 14.12%₹ 37,505 | 13.93%₹ 2,48,477 |
Portfolio Holdings
Top Sector Holdings of Mirae Asset Tax Saver Fund
| Name of Sector | Holding Percentage | Holding Values in Crore |
|---|---|---|
| Banks | 24.18% | ₹ 3,830.68 Cr. |
| Computers - Software | 10.05% | ₹ 1,590.64 Cr. |
| Refineries/Marketing | 6.77% | ₹ 1,073.47 Cr. |
| Pharmaceuticals | 5.40% | ₹ 854.73 Cr. |
| NBFC | 3.48% | ₹ 551.71 Cr. |
| Others | 50.12% | - |
Top Stock Holdings of Mirae Asset Tax Saver Fund
| Name of Stocks | Holding Percentage | Holding Values in Crore |
|---|---|---|
| HDFC Bank Ltd. | 7.59% | ₹ 1,202.86 Cr. |
| ICICI Bank Ltd. | 6.95% | ₹ 1,099.96 Cr. |
| Reliance Industries Ltd. | 6.77% | ₹ 1,072.97 Cr. |
| State Bank Of India | 4.17% | ₹ 660.67 Cr. |
| Infosys Ltd. | 3.95% | ₹ 625.49 Cr. |
| Others | 70.57% | - |
Top Debt Instrument Type holdings of Mirae Asset Tax Saver Fund
| Instrument Type | Holding Percentage | Holding Values in Crore |
|---|---|---|
| NCD & Bonds | 0.01% | ₹ .59 Cr. |
| Others | 99.99% | - |
Top Debt Holdings of Mirae Asset Tax Saver Fund
| Name of Debt Instrument | Holding Percentage | Holding Values in Crore |
|---|---|---|
| Bond - Britannia Industries Ltd. | 0.01% | ₹ .59 Cr. |
| Others | 99.99% |
Other Holdings
| Holding Type | Holding Percentage |
|---|---|
| TREPS | 2.57% |
| Net Receivables | 0.22% |
| MF Units | 0.00% |