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

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

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Equity
Direct
Elss (Tax Savings)

NAV: ₹ 25.2 as on 08-12-2022

Fund Performance
zero opening, trading, fund transfer fee
277 people have invested ₹ 11.7L in mutual fund in the last three months

Fund Performance

Return
1M
3M
6M
1Y
3Y
5Y
This Fund
2.9%
3.6%
13.5%
3.3%
21.1%
15.6%
Benchmark
2.2%
2.9%
13.8%
5.2%
18.1%
11.6%
Category
10.1%
12.9%
2.8%
7%
19.4%
11.8%
About the Fund

Mirae Asset 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 Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal has a NAV of 25.237 as on 08-12-2022.

2) Mirae Asset Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal has 13546 Cr worth of assets under management (AUM) as on 31-10-2022 and is more than category average.

3) The fund has an expense ratio 0.53 %.

Fund Overview

Expense ratio
Expense ratio
0.53%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹13546 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
74.37%

Fund Distribution

  • Equity 99.2%
  • Debt & Cash 0.9%
Size breakup
Large cap
73.2%
Mid cap
17.6%
Small cap
8.3%

Sector Allocation

Oct'22

Sep'22

Aug'22

Financial Services

35.1%

Consumer Cyclical

11.5%

Tech

10.7%

Basic Materials

8.6%

Energy

7.7%

Industrial

7.6%

Health

6.8%

Consumer Defensive

5.2%

Communication

3.3%

Utilities

3.1%

Real Estate

0.5%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings71
Equity Holdings70
Debt Holdings1

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 621.2 Cr in last 1M
Oct'22 return underperformed benchmark

Change in AUM

Oct'22
₹ 13.5K Cr
Sep'22
₹ 12.9K Cr
Aug'22
₹ 13.1K Cr

Fund Returns vs Benchmark

Oct'22
3.49%
5.37%
Sep'22
-3.01%
-2.51%
Aug'22
3.02%
3.22%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Oct'22
Oct'22
Aug'22
No of Holdings
71
71
70
Top 5 Company Concentration
31.9%
30.4%
30.3%
Company having highest exposure
HDFC Bank Ltd (8.1%)
HDFC Bank Ltd (8%)
HDFC Bank Ltd (7.8%)
No of Sectors
12
12
11
Top 5 Sectors Concentration
72.9%
73.6%
74.3%
Sector having highest exposure
Financial Services (34.8%)
Financial Services (35.4%)
Financial Services (36.2%)

Fund Manager

Neelesh Surana

Neelesh Surana

Managing this fund since 28 December 2015

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset Emerging Bluechip Fund Direct Plan Growth
22.12%
19.12%
Mirae Asset Tax Saver Fund -Direct Plan-Growth
21.78%
17.75%

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

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 19.78% since inception which is more than its category average return of 13.76%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.15% in Equity, 0% in Debt and 0.85% in Cash related instruments
AUM size ₹13546 Cr

AUM size ₹13546 Cr

This fund has AUM of ₹13546 Cr which is more than its category average of ₹ 2710 Cr
Expense Ratio 0.53%

Expense Ratio 0.53%

This fund has an expense ratio of 0.53% which is less than its category average expense ratio of 1.59%

Frequently Asked Questions

The current NAV of Mirae Asset Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal is 25.24.
Existing (Absolute + CAGR)
Mirae Asset Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
2.89%
2.89%
6 Month Returns
13.52%
13.52%
1 Year Returns
3.3%
3.3%
3 Years Returns
77.57%
21.09%
5 Years Returns
106.64%
15.62%
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0.53 as on November 2022
13546 Cr as on November 2022
HDFC Bank Ltd(8.08%),ICICI Bank Ltd(7.06%),Reliance Industries Ltd(6.31%),Infosys Ltd(5.4%),Axis Bank Ltd(5.07%) as on November 2022
Financial Services(34.78%),Consumer Cyclical(11.42%),Tech(10.6%) as on November 2022
The alpha ratio for the Mirae Asset 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 Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal
-2.79
1.57
2.53
As on month end.
The alpha for Mirae Asset 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 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 Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal
0.88
0.99
0.98
As on month end.
The Beta for Mirae Asset 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 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 Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal
0.19
0.76
0.6
As on month end.
The sharpe ratio for Mirae Asset 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 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 Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal
14.05
22.72
19.53
As on month end.
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.
1.11
0.53
Neelesh Surana is the fund manager of Mirae Asset Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal
The Exit load of Mirae Asset Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal is 0%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.