Mirae Asset Tax Saver Fund – Direct Growth

Equity · ELSS
 · ★★★★★
500
Min SIP
500
Min Lumpsum
0.66 %
Expense Ratio
★★★★★
Rating
17,630
Fund Size (in Cr)
8 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 5 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 29 September 2023 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 22.5% 25.2% 18.8% 19.5%
Category Average 19.5% 24.2% 14.8% -

Scheme Allocation

By Holding
By Sector
By Asset
9.66%
7.5%
3.86%
Others
70.75%
View all Holdings
Holdings Sector Instrument Asset
HDFC Bank Banks Equity 9.66%
ICICI Bank Banks Equity 7.5%
St Bk of India Banks Equity 4.58%
Infosys IT - Software Equity 3.86%
Reliance Industr Refineries Equity 3.64%
Axis Bank Banks Equity 3.31%
Larsen & Toubro Infrastructure Developers & Operators Equity 3.13%
HCL Technologies IT - Software Equity 3.04%
NTPC Power Generation & Distribution Equity 2.76%
Kotak Mah. Bank Banks Equity 2.4%
Bharti Airtel Telecomm-Service Equity 2.37%
Zomato Ltd E-Commerce/App based Aggregator Equity 2.06%
Crompton Gr. Con Consumer Durables Equity 1.96%
SBI Life Insuran Insurance Equity 1.95%
Gland Pharma Pharmaceuticals Equity 1.91%
Bharat Forge Castings, Forgings & Fastners Equity 1.8%
SBI Cards Finance Equity 1.77%
Guj.St.Petronet Gas Distribution Equity 1.77%
Bata India Leather Equity 1.75%
Cipla Pharmaceuticals Equity 1.52%
Dabur India FMCG Equity 1.51%
Max Financial Finance Equity 1.47%
SKF India Bearings Equity 1.46%
Tata Steel Steel Equity 1.43%
CEAT Tyres Equity 1.42%
FSN E-Commerce E-Commerce/App based Aggregator Equity 1.37%
ITC Tobacco Products Equity 1.25%
J K Cements Cement Equity 1.23%
Vinati Organics Chemicals Equity 1.2%
Aurobindo Pharma Pharmaceuticals Equity 1.17%
Coforge IT - Software Equity 1.16%
Delhivery Logistics Equity 1.15%
Sapphire Foods Quick Service Restaurant Equity 1.07%
Indian Energy Ex Miscellaneous Equity 1.03%
Wipro IT - Software Equity 1.01%
Sun Pharma.Inds. Pharmaceuticals Equity 0.97%
Prestige Estates Realty Equity 0.96%
Paradeep Phospha Fertilizers Equity 0.88%
M & M Automobile Equity 0.88%
Prince Pipes Plastic products Equity 0.87%
Ambuja Cements Cement Equity 0.85%
Tata Motors Automobile Equity 0.79%
Fortis Health. Healthcare Equity 0.77%
PB Fintech. IT - Software Equity 0.71%
Atul Chemicals Equity 0.68%
Greenply Industr Miscellaneous Equity 0.68%
Utkarsh Small F. Banks Equity 0.62%
Krishna Institu. Healthcare Equity 0.62%
NRB Bearings Bearings Equity 0.57%
Natl. Aluminium Non Ferrous Metals Equity 0.56%
Gateway Distri Logistics Equity 0.53%
Tega Inds. Engineering Equity 0.51%
Maruti Suzuki Automobile Equity 0.51%
TCS IT - Software Equity 0.43%
SRF Chemicals Equity 0.4%
Divi's Lab. Pharmaceuticals Equity 0.38%
B P C L Refineries Equity 0.36%
Kajaria Ceramics Ceramic Products Equity 0.32%
Chemplast Sanmar Chemicals Equity 0.32%
Emami FMCG Equity 0.29%
Team Lease Serv. Miscellaneous Equity 0.16%
Jio Financial Finance Equity 0.08%
Titan Company Diamond, Gems and Jewellery Equity 0.03%
Bharat Electron Electronics Equity 0.01%
Hind. Unilever FMCG Equity 0.01%
HDFC Life Insur. Insurance Equity 0.01%
Banks
27.92%
IT-Software
8.6%
Petroleum Products
5.89%
Pharmaceuticals & Biotech
5.23%
Consumer Durables
4.96%
Others
47.41%
View all Sectors
Sectors Asset
Banks 27.92%
IT-Software 8.6%
Petroleum Products 5.89%
Pharmaceuticals & Biotech 5.23%
Consumer Durables 4.96%
Debt 4.39%
Industrial Products 4.29%
Insurance 3.79%
Retailing 3.23%
Construction 3.13%
Power 2.99%
Finance 2.37%
Cement & Cement Products 2.17%
Chemicals & Petrochemical 2.12%
Telecom-Services 1.84%
Transport Services 1.81%
Personal Products 1.8%
Gas 1.79%
Auto Components 1.56%
Ferrous Metals 1.45%
Automobiles 1.36%
Diversified FMCG 1.35%
Healthcare Services 1.08%
Leisure Services 1.04%
Realty 0.89%
Fertilisers & Agrochemica 0.82%
Industrial Manufacturing 0.67%
Non-Ferrous Metals 0.57%
Capital Markets 0.49%
Financial Technology (Fin 0.48%
Aerospace & Defense 0.01%
Cash & Others -0.09%
Equity
97.41%
Reverse Repos
1.83%
Net Curr Ass/Net Receivables
0.76%
Mutual Funds Units
0%
Others
0%

Advance Ratio

3.26
Alpha
3.88
SD
0.91
Beta
1.73
Sharpe

Exit Load

Exit Load Nil

Fund Objective

The Mirae Asset Tax Saver Fund, a mid-cap fund, invests in Indian equities. Mirae Asset Global Investments has managed the fund since 2005. The fund has been managed by Mr Atul Vaghul of the Vaghul & Company since the fund commenced its operations and has a solid track record.

Mirae Asset Tax Saver Fund can be a great option if you’re looking for tax-saving options that also provide regular returns. It invests in government securities and distributes tax-free income for investors.

Pros & Cons

Pros Cons
The fund offers a deduction of up to Rs. 1.5 lakhs under Section 80C of the Income Tax Act. This deduction can help you save significant money on your taxes. 25% of the investments of the funds are in the banking sector, which reduces diversity.
Another reason to invest in this fund is that it has a good track record of performance. Over the last five years, the fund has given an annualized return of 14.2%. This is significantly higher than the returns of most other funds in the same category. The risk of investing in the fund is very high.
The fund has an expense ratio of 0.55% only.

Who Should Invest in Mirae Asset Tax Saver Fund?

Mirae Asset MF ELSS Funds have moderately high market risk compared to balanced funds and debt funds. The fund value can go up or down as the stock price changes. Stock prices can be affected by changes in stock market volume, interest rates, exchange rates, tax laws, and other economic developments.

These funds are safer than those that only invest in small-cap/midsize or sector/theme-based funds because they have a well-diversified portfolio. The inherent risks can be higher if you invest for more extended periods. Before investing in the scheme, investors should consider their risk tolerance.

Mirae Asset Tax Saver Fund is a good choice if you are looking for a tax-saving investment option.

What are the Benefits of Investing in the Mirae Asset Tax Saver Fund?

Mirae Asset Tax Saver Fund offers many benefits. It helps you to save taxes as per Section 80C under the Income Tax Act.

This fund offers capital appreciation potential since equity markets outperform fixed-income asset classes over the long term. This fund could offer higher returns than most fixed-income instruments.

This fund offers some diversification as well. You can lower the risk by investing in a diversified fund rather than one stock. That’s because the performance of a diversified fund is not closely tied to any stock, which reduces its volatility.

Mirae Asset Tax Saver fund is also managed by a team of experienced professionals with a deep understanding of the markets and a proven track record of successful investing. This team is committed to providing investors with the best possible experience and achieving their financial goals.

Fund Managers

Neelesh Surana

Mr Neelesh Surana is among the senior fund managers at Mirae Asset India with extensive experience of over 24 years. His expertise in portfolio management has further enhanced his function of various domestic and offshore funds of the fund house. Before joining Mirae Asset India AMC, he worked at ASK Investment Managers Pvt Ltd. He has successfully fulfilled his role and responsibility for supervising and overseeing approximately five mutual fund schemes.

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

Mirae Asset Mutual Fund
AUM:
1,24,824 Cr
Address:
Unit 606,6th Flr,Windsor Off. CST Road,Kalina, Santacruz(E),Mumbai-400098
Contact:
022-67800300
Email ID:
customercare@miraeasset.com

Frequently Asked Questions

How to invest in Mirae Asset Tax Saver Fund – Direct Growth ?

You can invest in Mirae Asset Tax Saver Fund – Direct Growth in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for Mirae Asset Tax Saver Fund – Direct Growth in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of Mirae Asset Tax Saver Fund – Direct Growth ?

The NAV of Mirae Asset Tax Saver Fund – Direct Growth is ₹39.8 as of 29 September 2023.

How to redeem Mirae Asset Tax Saver Fund – Direct Growth holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of Mirae Asset Tax Saver Fund – Direct Growth?

The minimum SIP amount of Mirae Asset Tax Saver Fund – Direct Growth is ₹500

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

The top sectors Mirae Asset Tax Saver Fund – Direct Growth has invested in are
  1. Banks - 27.92%
  2. IT-Software - 8.6%
  3. Petroleum Products - 5.89%
  4. Pharmaceuticals & Biotech - 5.23%
  5. Consumer Durables - 4.96%

Can I make investments in both the SIP and Lump Sum schemes of Mirae Asset Tax Saver Fund – Direct Growth?

Yes, You can select both SIP or Lumpsum investment of Mirae Asset Tax Saver Fund – Direct Growth based on your investment objective and risk tolerance.

How much returns have Mirae Asset Tax Saver Fund – Direct Growth generated ?

The Mirae Asset Tax Saver Fund – Direct Growth has delivered 19.5% since inception

What is the expense ratio of Mirae Asset Tax Saver Fund – Direct Growth ?

The expense ratio of Mirae Asset Tax Saver Fund – Direct Growth is 0.66 % as of 29 September 2023.

What is the AUM of Mirae Asset Tax Saver Fund – Direct Growth?

The AUM of Mirae Asset Tax Saver Fund – Direct Growth is ₹1,24,824 Cr as of 29 September 2023

What are the top stock holdings of Mirae Asset Tax Saver Fund – Direct Growth?

The top stock holdings of Mirae Asset Tax Saver Fund – Direct Growth are
  1. HDFC Bank - 9.66%
  2. ICICI Bank - 7.5%
  3. St Bk of India - 4.58%
  4. Infosys - 3.86%
  5. Reliance Industr - 3.64%

How can I redeem my investments in Mirae Asset Tax Saver Fund – Direct Growth?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select Mirae Asset Tax Saver Fund – Direct Growth in Scheme, enter the redemption amount, and click on submit button.

Is there any lock-in period for Mirae Asset Tax Saver Fund - Direct Growth?

Yes, there is lock-in period for Mirae Asset Tax Saver Fund – Direct Growth.

Invest Now