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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)
Expense Ratio	0.48%
Min subscription	₹ 500

Scheme Type	Open-ended
Scheme AUM (in Crs.)	₹ 8,338
AMC AUM (in Crs.)	₹ 24,191
Min Addition Subscription	₹ 500

Benchmark Type

S&P BSE 200 India TR INR

Exit Load

Units locked in for 3 years, No exit load

Building Graph

Peer Comparison

Fund	Min SIP Inv.	Min Inv.	Returns 3Y
Mirae Asset Tax Saver Fund - Direct Plan	500	500	19.2%
Axis Long Term Equity Fund - Direct Plan	500	500	16.67%
ICICI Prudential Long Term Equity Fund ( Tax Saving) - Direct Plan	500	500	13.09%
L&T Tax Advantage Fund - Direct Plan	500	500	8.03%
Aditya Birla Sun Life Tax Relief 96 - Direct Plan	500	500	10.33%
Tata India Tax Savings Fund - Direct Plan	500	500	13.56%
Axis Long Term Equity Fund - Direct Plan	500	500	16.67%
IDFC Tax Advantage (ELSS) Fund - Direct Plan	500	500	11.62%

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	7
Infosys Ltd	Equity	7
Axis Bank Ltd	Equity	5
Tata Consultancy Services Ltd	Equity	4
Reliance Industries Limited	Equity	4
State Bank of India	Equity	4
Bharti Airtel Ltd	Equity	3
Housing Development Finance Corp Ltd	Equity	3
Kotak Mahindra Bank Ltd	Equity	2

Asset Allocation(%)

Asset	Percent
Equity	100
Mutual Fund - Open End	0
Cash	0
Cash - Repurchase Agreement	0
Bond - Corporate Bond	0

Sector Allocation(%)

Sector	Percent
Financial Services	39
Technology	12
Basic Materials	11
Consumer Cyclical	9
Industrials	7

Fund Manager

Neelesh Surana

5+ years of experience

Objective

The investment objective of the scheme is to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. The Scheme does not guarantee or assure any returns.

Suitability

Growth of capital over long term.

• Investment predominantly in equity and equity related instruments

Mirae Mutual Fund

AUM₹24,191 Cr

About

Mirae Asset was founded in 1997 in the wake of the Asian currency crisis. Today, Mirae Asset encompasses the global capability to deliver to investors around the world via on-the-ground presence in 12 countries across 5 continents. Their goal is to provide clients with insightful financial strategies and consistent performance through their diversified product offering.##Mirae believes that they are the best investment choice because of their strong investment philosophy, and niche to understand comparative advantage of various companies to make a sustainable and long- lasting decision for investors. They always believe in investing with a long term goal to sustainability in the market.As a global brand it has obtained the trust of investors and has made a mark for itself in the mutual fund industry.

Phone

022 - 67800300

Address

India, -

Calculate Returns

Investment Amount

Expected Annual Return Rate(%)

Investment DurationYears6Months0

Investment Amount₹ 10000

Return Amount₹ 4185

Return Rate6 %

Duration6y 0m