Mirae Asset Tax Saver Fund -Direct Plan-Growth
Mirae Asset Tax Saver Fund -Direct Plan-Growth

Mirae Asset Tax Saver Fund -Direct Plan-Growth

Equity
Direct
Very High Risk
Elss (Tax Savings)

NAV: ₹ 34.6 as on 17-08-2022

INDmoney Rank

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3
/24
76% Performance
45% Risk Management
100% Cost
3 out of 24 among elss (tax savings)
Pros
Generated Consistent Returns
Larger AUM within category
5Y returns in the top 25% of the category
Cons
No bad points found for this fund.
About the Fund

Mirae Asset Tax Saver Fund -Direct Plan-Growth 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 Tax Saver Fund -Direct Plan-Growth has a NAV of 34.615 as on 17-08-2022.

2) Mirae Asset Tax Saver Fund -Direct Plan-Growth has 12615 Cr worth of assets under management (AUM) as on 30-06-2022 and is more than category average.

3) The fund has an expense ratio 0.56 %.

Fund Overview

Expense ratio
Expense ratio
0.56%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹12615 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
97.77%

Fund Distribution

  • Equity 98.9%
  • Debt & Cash 1.1%
Size breakup
Large cap
71.3%
Mid cap
18.4%
Small cap
9.1%
Sector Allocation
Financial Services35.6%
Tech12.6%
Consumer Cyclical9.4%
Basic Materials8.6%
Energy7.7%
Health7.5%
Industrial7.3%
Consumer Defensive5.4%
Utilities3.1%
Communication2.8%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings22
Equity Holdings20
Debt Holdings2
Holdings
Weight%
No. of Shares (4M)
1M Change
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HDFC Bank Ltd
7.6%
0%
icon
ICICI Bank Ltd
6.8%
0%
icon
Reliance Industries Ltd
5.8%
7.3%
icon
Infosys Ltd
5.3%
-15.8%
icon
Axis Bank Ltd
4.7%
6.9%

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 1.1K Cr in last 1M
Jul'22 return underperformed benchmark

Change in AUM

Jul'22
₹ 12.6K Cr
Jun'22
₹ 11.5K Cr
May'22
₹ 11.8K Cr

Fund Returns vs Benchmark

Jul'22
8.25%
9.49%
Jun'22
-4.46%
-4.94%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Jun'22
May'22
Apr'22
No of Holdings
70
75
74
Top 5 Company Concentration
31.2%
31%
30.5%
Company having highest exposure
HDFC Bank Ltd (7.8%)
HDFC Bank Ltd (7.9%)
HDFC Bank Ltd (7.3%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
73.1%
73.4%
73%
Sector having highest exposure
Financial Services (34.3%)
Financial Services (35.4%)
Financial Services (35.4%)

Fund Manager

Neelesh Surana

Neelesh Surana

Managing this fund since 28 December 2015
Years of Experience
19
Years of Experience

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset Tax Saver Fund -Direct Plan-Growth
24.48%
19.45%
Mirae Asset Emerging Bluechip Fund Direct Plan Growth
25.35%
21.06%

AMC details

Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Fund House
Mirae Asset Investment Managers (India) Private Limited

Fund Highlights

About the fund

About the fund

This fund has delivered an average annual returns of 20.57% since inception which is more than its category average return of 14.04%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.88% in Equity, 0% in Debt and 1.12% in Cash related instruments
AUM size ₹12615 Cr

AUM size ₹12615 Cr

This fund has AUM of ₹12615 Cr which is more than its category average of ₹ 2623 Cr
Expense Ratio 0.56%

Expense Ratio 0.56%

This fund has an expense ratio of 0.56% which is less than its category average expense ratio of 1.58%
meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk

Frequently Asked Questions

What are the average returns of Mirae Asset Tax Saver Fund -Direct Plan-Growth Fund ?

What is the current NAV of Mirae Asset Tax Saver Fund -Direct Plan-Growth Fund?

How do I invest in Mirae Asset Tax Saver Fund -Direct Plan-Growth Fund?

What is the expense ratio of Mirae Asset Tax Saver Fund -Direct Plan-Growth fund?

What is the worth of total assets under management (AUM) of Mirae Asset Tax Saver Fund -Direct Plan-Growth fund ?

What are the top holdings of Mirae Asset Tax Saver Fund -Direct Plan-Growth Fund?

What are the top sectors Mirae Asset Tax Saver Fund -Direct Plan-Growth Fund has invested in?