Mirae Asset Tax Saver Fund -Direct Plan
The Mirae Asset Tax Saver Fund is an actively managed, open-ended equity fund that invests dynamically across market sectors. The fund follows a growth style of investing and employs a blend of top-bottom and bottom-top analysis while stock picking. The Mirae Asset Tax Saver Fund is an Equity Linked Saving Scheme (ELSS) under section 80C of the Income Tax Act, 1961 and, therefore, receives a tax exemption of up to Rs.1.5 lakhs. As this is an ELSS the fund carries a mandatory 3-year lock-in. The mandatory 3-year lock-in is a good idea as funds of this nature are known to provide their best returns in investment cycles of 3 years or more. This fund is suitable for investors seeking long-term capital appreciation through investments in a diverse set of equity stocks. As this fund has a high exposure of equity stocks investors should have a high capacity for risk.
Fund Info
| Scheme Class | Equity |
| Scheme Category | ELSS (Tax Savings) |
| Benchmark Type | S&P BSE 200 |
| Expense Ratio | 0.73% |
| Min subscription | â‚ą 500 |
| Scheme Type | Open-ended |
| Scheme AUM (in Crs.) | â‚ą 1,839 |
| AMC AUM (in Crs.) | â‚ą 24,191 |
| Min Addition Subscription | â‚ą 500 |
Building Graph
Peer Comparison
| Fund | Min SIP Inv. | Min Inv. | Returns 3Y |
|---|---|---|---|
| 500 | 500 | 14.52% | |
| 500 | 500 | 8.27% | |
| 500 | 500 | 8.54% | |
| 500 | 500 | 8.47% | |
| 500 | 500 | 11.09% | |
ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan | 500 | 500 | 6.72% |
| 500 | 500 | 6.83% | |
| 500 | 500 | 8.47% | |
| 500 | 500 | 9.64% | |
| 500 | 500 | 11.09% | |
| 500 | 500 | 8.54% |
Portfolio Info
The Mirae Asset Tax Saver Fund invests predominantly in equity and equity related instruments of large-cap companies. The fund also invests very nominally in debt and other money market instruments to provide the fund with liquidity. Presently, the fund invests heavily in the Finance, FMCG, Energy and Healthcare sectors of the economy.
Top 10 Holdings
| Company | Holding Type | Asset(%) |
|---|---|---|
| HDFC Bank Ltd | Equity | 8 |
| ICICI Bank Ltd | Equity | 5 |
| Reliance Industries Ltd | Equity | 5 |
| Net Receivables / (Payables) | Cash | 4 |
| Axis Bank Ltd | Equity | 4 |
| Larsen & Toubro Ltd | Equity | 4 |
| Tri Party Repo | Cash - Repurchase Agreement | 4 |
| Infosys Ltd | Equity | 3 |
| Tata Consultancy Services Ltd | Equity | 3 |
| State Bank of India | Equity | 3 |
Asset Allocation(%)
| Asset | Percent |
|---|---|
| Equity | 92 |
| Cash | 4 |
| Cash - Repurchase Agreement | 4 |
| Mutual Fund - Open End | 1 |
Sector Allocation(%)
| Sector | Percent |
|---|---|
| Banks - Regional - Asia | 25 |
| Information Technology Services | 8 |
| Oil & Gas Refining & Marketing | 6 |
| Auto Manufacturers | 4 |
| Engineering & Construction | 4 |
Mirae Mutual Fund
AUM
â‚ą24,191 Cr
Mirae Mutual Fund
Investment Amount
â‚ą10,000
Return Amount
â‚ą4,185
Return Rate
6%
Duration
6y 0m
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