Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal

Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal

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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 27.2 as on 19-02-2024
Fund Performance
zero opening, trading, fund transfer fee
267 people have invested ₹ 10.2L in Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal in the last three months

About the Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal

Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal is an equity fund. This fund was started on 28 December, 2015. The fund is managed by Neelesh Surana. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal has ₹20950 Cr worth of assets under management (AUM) as on Jan 2024 and is more than category average.
  2. The fund has an expense ratio 0.6.

Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal Overview

Expense ratio
Expense ratio
0.59%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹20950 Cr
Inception Date
Inception Date
28 December, 2015
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
84.11%

Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal Distribution as on (31-Jan-24)

  • Equity 99.4%

  • Debt & Cash 0.6%

Size breakup

Large cap
63.4%
Mid cap
25.4%
Small cap
10.6%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
33%
Consumer Cyclical
13.7%
Industrial
11%
Basic Materials
9.2%
Tech
8.9%
Health
7%
Utilities
5.1%
Energy
5%
Consumer Defensive
2.9%
Communication
2.8%
Real Estate
1.3%

Top Holdings of Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal as on (31-Jan-24)

  • Equity

  • Debt & Cash

Equity Holdings76
Debt Holdings1

Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal: Monthly Changes Updates

All changes are between Nov'23 and Jan'24
Fund Performance
Jan'24
Dec'23
Nov'23
Fund Returns
1.69%
7.81%
6.69%
Nifty 500
1.71%
7.25%
7.50%
  • This fund’s returns stands at 1.69% whereas the fund’s underlying benchmark Nifty 500 returns stands at 1.71% as on Jan'24
  • This fund underperformed Nifty 500 by 0.01% in Jan'24
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 20.4K Cr
₹ 18.8K Cr
₹ 18.8K Cr
  • AUM of the fund stands at 20.4K Cr as of Jan'24
  • AUM increased by 1.6K Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Gainers & Losers in Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal portfolio Returns for the month of Jan

Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal Fund Manager

Neelesh Surana
Neelesh Surana
Fund Manager of Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal, since 28 December 2015

Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 19.99% since inception which is more than its category average return of 15.82%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.37% in Equity, 0% in Debt and 0.63% in Cash related instruments
AUM size ₹20950 Cr

AUM size ₹20950 Cr

This fund has AUM of ₹20950 Cr which is more than its category average of ₹ 3382 Cr
Expense Ratio 0.59%

Expense Ratio 0.59%

This fund has an expense ratio of 0.59% which is less than its category average expense ratio of 1.48%

Frequently Asked Questions

The current NAV of Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal is ₹27.16 as on 19-Feb-2024.
Existing (Absolute + CAGR) as on 19-Feb-2024.
Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
2.23%
2.23%
6 Month Returns
17.49%
17.49%
1 Year Returns
32.23%
32.23%
3 Years Returns
60.94%
17.19%
5 Years Returns
164.54%
21.48%
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0.59% as on January 2024
₹20950 Cr as on January 2024
HDFC Bank Ltd(8.02%), ICICI Bank Ltd(4.94%), State Bank of India(4.5%), Reliance Industries Ltd(4.09%), Kotak Mahindra Bank Ltd(3.77%) as on January 2024
Financial Services(32.76%), Consumer Cyclical(13.64%), Industrial(10.91%) as on January 2024
The alpha ratio for the Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal
-0.74
0.35
2.1
As on January 2024
The alpha for Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal
0.95
0.93
0.98
As on January 2024
The Beta for Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal
1.85
1.15
0.82
As on January 2024
The sharpe ratio for Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal
11.54
12.93
18.98
As on January 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.27 as on January 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Neelesh Surana is the fund manager of Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal
The Exit load of Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal is 0%