Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 27.72 as on 15-04-2024
Fund Performance
247 people have invested ₹ 13L 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
- Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal has ₹21476 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal Overview
 | 0.58% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹21476 Cr |
 | 28 December, 2015 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 84.11% |
Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal Distribution as on (31-Mar-24)
Size breakup
Large cap
64.1%
Mid cap
23.8%
Small cap
11.1%
Sector Allocation
Financial Services
31.7%
Consumer Cyclical
13.7%
Industrial
11.7%
Tech
9.5%
Basic Materials
9.3%
Health
7.9%
Energy
4.9%
Utilities
3.9%
Consumer Defensive
3.3%
Communication
2.5%
Real Estate
1.5%
Top Holdings of Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal as on (31-Mar-24)
Equity Holdings78
Debt Holdings1
Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -0.08% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 0.38% in Mar'24
AUM Change
- AUM of the fund stands at 21.3K Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
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 Mar
Top Growth Drivers | 1M Return |
|---|---|
 Zomato Ltd | 29.2% |
 Interglobe Aviation Ltd | 18.7% |
 Bharti Airtel Ltd | 4.9% |
Peer Analysis
Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal Fund Manager
Neelesh Surana
Fund Manager of Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal, since 28 December 2015
Top funds managed
Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 19.95% since inception which is more than its category average return of 15.58%
Fund Allocations
This fund has an allocation of 99.02% in Equity, 0% in Debt and 0.98% in Cash related instruments
AUM size ₹21476 Cr
This fund has AUM of ₹21476 Cr which is more than its category average of ₹ 3525 Cr
Expense Ratio 0.58%
This fund has an expense ratio of 0.58% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions
The current NAV of Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal is ₹27.72 as on 15-Apr-2024.
Existing (Absolute + CAGR) as on 15-Apr-2024.
Mirae Asset ELSS Tax Saver Fund -Direct Plan-Payout of Income Distribution cum capital withdrawal | Absolute Returns | CAGR Returns |
1 Month Returns | 4.32% | 4.32% |
6 Month Returns | 16.72% | 16.72% |
1 Year Returns | 35.7% | 35.7% |
3 Years Returns | 68.15% | 18.91% |
5 Years Returns | 144.08% | 19.54% |
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0.58% as on March 2024
₹21476 Cr as on March 2024
HDFC Bank Ltd(8.22%), ICICI Bank Ltd(4.78%), State Bank of India(4.43%), Larsen & Toubro Ltd(3.81%), Reliance Industries Ltd(3.78%) as on March 2024
Financial Services(31.41%), Consumer Cyclical(13.54%), Industrial(11.59%) as on March 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 | -3.26 | -0.27 | 1.95 |
As on March 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 | 0.99 | 0.9 | 0.98 |
As on March 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 | 2.32 | 0.97 | 0.77 |
As on March 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 | 10.61 | 12.13 | 18.79 |
As on March 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 1.79 as on March 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%