Mirae Asset Tax Saver Fund Direct Growth

Fund Overview

Fund Size

₹22,472 Cr

Expense Ratio

0.57%

ISIN

INF769K01DM9

Minimum SIP

₹500

Exit Load

No Charges

Inception Date

28 Dec 2015

About this fund

Mirae Asset Tax Saver Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 8 years, 4 months and 20 days, having been launched on 28-Dec-15.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹48.07, Assets Under Management (AUM) of 22471.76 Crores, and an expense ratio of 0.57%.

Mirae Asset Tax Saver Fund Direct Growth has given a CAGR return of 20.59% since inception.
The fund's asset allocation comprises around 98.32% in equities, 0.00% in debts, and 1.68% in cash & cash equivalents.
You can start investing in Mirae Asset Tax Saver Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+36.17%

+36.06% (Cat Avg.)

3 Years

+19.26%

+20.13% (Cat Avg.)

5 Years

+21.86%

+18.87% (Cat Avg.)

Since Inception

+20.59%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2024

Equity	₹22,094.73 Cr	98.32%
Others	₹377.04 Cr	1.68%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
HDFC Bank Ltd	Equity	₹1,853.75 Cr	8.25%
ICICI Bank Ltd	Equity	₹1,079.3 Cr	4.80%
Reliance Industries Ltd	Equity	₹1,057.99 Cr	4.71%
Kotak Mahindra Bank Ltd	Equity	₹898.56 Cr	4.00%
State Bank of India	Equity	₹881.92 Cr	3.92%
Axis Bank Ltd	Equity	₹819.23 Cr	3.65%
Larsen & Toubro Ltd	Equity	₹782.06 Cr	3.48%
Infosys Ltd	Equity	₹618.61 Cr	2.75%
ITC Ltd	Equity	₹547.02 Cr	2.43%
Delhivery Ltd	Equity	₹462.68 Cr	2.06%
Tata Consultancy Services Ltd	Equity	₹449.39 Cr	2.00%
Crompton Greaves Consumer Electricals Ltd	Equity	₹431.34 Cr	1.92%
Wipro Ltd	Equity	₹402.04 Cr	1.79%
Laurus Labs Ltd	Equity	₹374.79 Cr	1.67%
NTPC Ltd	Equity	₹374.16 Cr	1.67%
Prestige Estates Projects Ltd	Equity	₹368.73 Cr	1.64%
Bharti Airtel Ltd	Equity	₹366.06 Cr	1.63%
Aurobindo Pharma Ltd	Equity	₹351.05 Cr	1.56%
Tata Motors Ltd	Equity	₹340.46 Cr	1.52%
Eicher Motors Ltd	Equity	₹336.61 Cr	1.50%
FSN E-Commerce Ventures Ltd	Equity	₹334.94 Cr	1.49%
Bharat Forge Ltd	Equity	₹325.05 Cr	1.45%
HDFC Asset Management Co Ltd	Equity	₹324.92 Cr	1.45%
Ambuja Cements Ltd	Equity	₹304.89 Cr	1.36%
Dabur India Ltd	Equity	₹297.76 Cr	1.33%
Zomato Ltd	Equity	₹288.51 Cr	1.28%
Gland Pharma Ltd	Equity	₹284.41 Cr	1.27%
Tata Steel Ltd	Equity	₹271.53 Cr	1.21%
Gujarat State Petronet Ltd	Equity	₹265.93 Cr	1.18%
Bharat Petroleum Corp Ltd	Equity	₹257.13 Cr	1.14%
Treps	Cash - Repurchase Agreement	₹248.72 Cr	1.11%
SKF India Ltd	Equity	₹244.23 Cr	1.09%
ICICI Prudential Life Insurance Company Limited	Equity	₹242.25 Cr	1.08%
Cipla Ltd	Equity	₹239.93 Cr	1.07%
LIC Housing Finance Ltd	Equity	₹238.17 Cr	1.06%
SBI Cards and Payment Services Ltd Ordinary Shares	Equity	₹226.5 Cr	1.01%
LTIMindtree Ltd	Equity	₹226.17 Cr	1.01%
Fortis Healthcare Ltd	Equity	₹225.62 Cr	1.00%
Ceat Ltd	Equity	₹216.89 Cr	0.97%
Bata India Ltd	Equity	₹206.11 Cr	0.92%
Greenply Industries Ltd	Equity	₹191.09 Cr	0.85%
InterGlobe Aviation Ltd	Equity	₹189.7 Cr	0.84%
NRB Bearings Ltd	Equity	₹178.53 Cr	0.79%
Data Patterns (India) Ltd	Equity	₹172.96 Cr	0.77%
Vedanta Ltd	Equity	₹167.39 Cr	0.74%
Indus Towers Ltd Ordinary Shares	Equity	₹166.02 Cr	0.74%
Sun Pharmaceuticals Industries Ltd	Equity	₹158.46 Cr	0.71%
One97 Communications Ltd	Equity	₹156.36 Cr	0.70%
Utkarsh Small Finance Bank Ltd	Equity	₹148.76 Cr	0.66%
TeamLease Services Ltd	Equity	₹145.57 Cr	0.65%
Sapphire Foods India Ltd	Equity	₹143.26 Cr	0.64%
Oil & Natural Gas Corp Ltd	Equity	₹141.43 Cr	0.63%
SRF Ltd	Equity	₹137.34 Cr	0.61%
Prince Pipes And Fittings Ltd Ordinary Shares	Equity	₹136.81 Cr	0.61%
Timken India Ltd	Equity	₹135.01 Cr	0.60%
PB Fintech Ltd	Equity	₹134.99 Cr	0.60%
HCL Technologies Ltd	Equity	₹132.43 Cr	0.59%
Net Receivables / (Payables)	Cash	₹128.31 Cr	0.57%
Vinati Organics Ltd	Equity	₹127.63 Cr	0.57%
Campus Activewear Ltd	Equity	₹123.4 Cr	0.55%
Gateway Distriparks Ltd	Equity	₹116.47 Cr	0.52%
JK Cement Ltd	Equity	₹111.14 Cr	0.49%
Tega Industries Ltd	Equity	₹105.18 Cr	0.47%
Divi's Laboratories Ltd	Equity	₹104.7 Cr	0.47%
Chemplast Sanmar Ltd	Equity	₹103.49 Cr	0.46%
Paradeep Phosphates Ltd	Equity	₹101.79 Cr	0.45%
Indian Energy Exchange Ltd	Equity	₹99.94 Cr	0.44%
Max Financial Services Ltd	Equity	₹97.57 Cr	0.43%
Kajaria Ceramics Ltd	Equity	₹88.86 Cr	0.40%
Atul Ltd	Equity	₹74.96 Cr	0.33%
Avalon Technologies Ltd	Equity	₹71.87 Cr	0.32%
Grasim Industries Ltd Ordinary Shares (Partly Paid Rs.0.50)	Equity	₹71.87 Cr	0.32%
Hindustan Unilever Ltd	Equity	₹65.4 Cr	0.29%
Whirlpool of India Ltd	Equity	₹61.14 Cr	0.27%
Fusion Micro Finance Ltd	Equity	₹56.77 Cr	0.25%
Mahindra & Mahindra Ltd	Equity	₹44.08 Cr	0.20%
Titan Co Ltd	Equity	₹5.7 Cr	0.03%
Hindalco Industries Ltd	Equity	₹4.5 Cr	0.02%
Bharat Electronics Ltd	Equity	₹3.36 Cr	0.01%
Maruti Suzuki India Ltd	Equity	₹1.26 Cr	0.01%
Grasim Industries Ltd	Equity	₹0.89 Cr	0.00%
Mirae Asset Liquid Dir Gr	Mutual Fund - Open End	₹0 Cr	0.00%

Allocation By Market Cap (Equity)

Large Cap Stocks

64.04%

Mid Cap Stocks

24.36%

Small Cap Stocks

9.92%

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹7,102.62 Cr	31.61%
Consumer Cyclical	₹3,037.25 Cr	13.52%
Industrials	₹2,582.88 Cr	11.49%
Technology	₹2,056.86 Cr	9.15%
Healthcare	₹1,738.96 Cr	7.74%
Basic Materials	₹1,668.51 Cr	7.42%
Energy	₹1,456.55 Cr	6.48%
Consumer Defensive	₹910.18 Cr	4.05%
Utilities	₹640.08 Cr	2.85%
Communication Services	₹532.09 Cr	2.37%
Real Estate	₹368.73 Cr	1.64%

Risk & Performance Ratios

Standard Deviation

This fund

12.28%

Cat. avg.

12.86%

Lower the better

Sharpe Ratio

This fund

1.12

Cat. avg.

1.10

Higher the better

Sortino Ratio

This fund

Cat. avg.

2.10

Higher the better

Fund Managers

Neelesh Surana

Since December 2015

Additional Scheme Detailsas of 30th April 2024

	ISIN	INF769K01DM9		Expense Ratio	0.57%		Exit Load	No Charges		Fund Size	₹22,472 Cr		Age	28 Dec 2015		Lumpsum Minimum	₹500		Fund Status	Open Ended Investment Company		Benchmark	Nifty 500 TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar ELSS (Tax Savings) Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Tata India Tax Savings Fund Direct Growth Very High Risk	0.7%	0.0%	₹4196.77 Cr	33.7%
Tata India Tax Savings Fund Regular Growth Very High Risk	1.8%	0.0%	₹4196.77 Cr	32.2%
Axis Long Term Equity Fund Regular Growth Very High Risk	1.5%	0.0%	₹35641.94 Cr	30.8%
Parag Parikh Tax Saver Fund Direct Growth Very High Risk	0.7%	0.0%	₹3360.61 Cr	33.3%
Parag Parikh Tax Saver Fund Regular Growth Very High Risk	1.8%	0.0%	₹3360.61 Cr	31.8%
Shriram Long Term Equity Fund Direct Growth Very High Risk	0.8%	0.0%	₹49.62 Cr	41.2%
Shriram Long Term Equity Fund Regular Growth Very High Risk	2.3%	0.0%	₹49.62 Cr	38.9%
ITI Long Term Equity Fund Direct Growth Very High Risk	0.5%	0.0%	₹325.14 Cr	58.0%
ITI Long Term Equity Fund Regular Growth Very High Risk	2.3%	0.0%	₹325.14 Cr	55.1%
Sundaram Diversified Equity Regular Growth Very High Risk	2.2%	0.0%	₹1602.76 Cr	26.6%

About the AMC

Mirae Asset India Mutual Fund

022-6780 0300

https://www.miraeassetmf.co.in/

Total AUM

₹1,63,012 Cr

Address

Unit No. 606, 6th Floor, Mumbai, 400 098

Other Funds by Mirae Asset India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹1406.88 Cr	-
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.4%	1.0%	₹3351.36 Cr	37.7%
Mirae Asset Cash Management Direct Growth Low to Moderate Risk	0.1%	0.0%	₹10073.98 Cr	7.4%
Mirae Asset Emerging Bluechip Direct Growth Very High Risk	0.6%	1.0%	₹34974.46 Cr	40.7%
Mirae Asset Large Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹38060.19 Cr	24.0%
Mirae Asset Savings Fund Direct Growth Moderate Risk	0.2%	0.0%	₹594.96 Cr	7.4%
Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹145.28 Cr	7.6%
Mirae Asset Focused Fund Direct Growth Very High Risk	0.6%	1.0%	₹8312.74 Cr	18.4%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹155.33 Cr	6.6%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹1570.17 Cr	82.7%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹8545.85 Cr	25.3%
Mirae Asset Equity Allocator Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹705.09 Cr	34.9%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Very High Risk	0.6%	0.0%	₹111.07 Cr	28.2%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹531.86 Cr	48.5%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹795.72 Cr	6.8%
Mirae Asset Ultra Short Duration Fund Direct Growth Moderate Risk	0.2%	0.0%	₹1463.94 Cr	7.6%
Mirae Asset Flexi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹1815.41 Cr	33.8%
Mirae Asset Banking and Financial Services Fund Direct Growth Very High Risk	0.6%	1.0%	₹1702.61 Cr	24.3%
Mirae Asset Multicap Fund Direct Growth Very High Risk	0.4%	1.0%	₹2683.33 Cr	-
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹78.52 Cr	60.1%
Mirae Asset Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹22471.76 Cr	36.2%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹83.22 Cr	6.8%
Mirae Asset Corporate Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹49.85 Cr	6.6%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Very High Risk	0.8%	0.0%	₹72.50 Cr	7.2%
Mirae Asset Equity Savings Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1019.74 Cr	17.7%
Mirae Asset Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹59.30 Cr	6.7%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Very High Risk	0.9%	1.0%	₹316.95 Cr	44.0%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Very High Risk	2.0%	1.0%	₹95.84 Cr	2.2%
Mirae Asset Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹865.39 Cr	6.8%
Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹346.19 Cr	7.0%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹225.99 Cr	6.2%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹103.31 Cr	6.9%
Mirae Asset Healthcare Fund Direct Growth Very High Risk	0.5%	1.0%	₹2236.01 Cr	52.1%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹1870.00 Cr	8.5%
Mirae Asset Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹15139.44 Cr	53.0%
Mirae Asset Balanced Advantage Fund Direct Growth High Risk	0.7%	1.0%	₹1570.06 Cr	22.3%

Risk Level

Your principal amount will be at Very High Risk

Still got questions?
We're here to help.

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

The NAV of Mirae Asset Tax Saver Fund Direct Growth, as of 17-May-2024, is ₹48.07.

What are the returns of Mirae Asset Tax Saver Fund Direct Growth?

The fund has generated 36.17% over the last 1 year and 19.26% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Mirae Asset Tax Saver Fund Direct Growth?

The fund's allocation of assets is distributed as 98.32% in equities, 0.00% in bonds, and 1.68% in cash and cash equivalents.

Who manages the Mirae Asset Tax Saver Fund Direct Growth?

The fund managers responsible for Mirae Asset Tax Saver Fund Direct Growth are:-

Neelesh Surana

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Mirae Asset Tax Saver Fund Direct Growth

Fund Overview