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 Type
Open-ended
Scheme Category
ELSS (Tax Savings)
Benchmark Type
S&P BSE 200
Scheme AUM (in Crs.)
₹ 1381.14
Expense Ratio
0.32%
Scheme Class
Equity
AMC AUM (in Crs.)
₹ 21035
Min Subscription
₹ 500
Min Addition Subscription
₹ 500
Fund Info
| Scheme Type | Open-ended |
|---|---|
| Scheme Category | ELSS (Tax Savings) |
| Benchmark Type | S&P BSE 200 |
| Scheme AUM (in Crs.) | ₹ 1381.14 |
| Expense Ratio | 0.32% |
| Scheme Class | Equity |
| AMC AUM (in Crs.) | ₹ 21035 |
| Min Subscription | ₹ 500 |
| Min Addition Subscription | ₹ 500 |
Performance
Comparison
Portfolio
Peer Comparison
Fund
Min SIP Inv.
Min Inv.
Returns 3Y
Fund Size(Cr.)
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
9.26
Kotak Mahindra Bank Ltd.
Equity
4.86
Reliance Industries Ltd.
Equity
4.83
ICICI Bank Ltd.
Equity
4.26
Infosys Ltd.
Equity
3.97
Indusind Bank Ltd.
Equity
3.72
State Bank of India
Equity
3.52
ITC Ltd.
Equity
2.95
Tata Global Beverages Ltd.
Equity
2.82
Larsen & Toubro Ltd.
Equity
2.69
Sector Allocation(%)
Sector
Percent
Energy
7.51
Healthcare
6.55
Financial
32.23
Automobile
11.35
FMCG
10.61
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
Quick Links
Calculate Returns
LUMPSUM
SIP
Investment Amount
₹10,000
Return Amount
₹4,185
Return Rate
6%
Duration
6y 0m
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