Dezerv

Fund Overview

Fund Size

Fund Size

₹21,476 Cr

Expense Ratio

Expense Ratio

0.64%

ISIN

ISIN

INF769K01DM9

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

No Charges

Inception Date

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, 3 months and 23 days, having been launched on 28-Dec-15.
As of 19-Apr-24, it has a Net Asset Value (NAV) of ₹46.63, Assets Under Management (AUM) of 21475.97 Crores, and an expense ratio of 0.64%.
  • Mirae Asset Tax Saver Fund Direct Growth has given a CAGR return of 20.36% since inception.
  • The fund's asset allocation comprises around 99.02% in equities, 0.00% in debts, and 0.98% 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

+37.32%

+36.67%(Cat. Avg.)

3 Years

+20.22%

+19.33%(Cat. Avg.)

5 Years

+20.19%

+16.86%(Cat. Avg.)

Since Inception

+20.36%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Equity21,265.57 Cr99.02%
Others210.4 Cr0.98%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity1,765.7 Cr8.22%
ICICI Bank LtdEquity1,025.72 Cr4.78%
State Bank of IndiaEquity951.26 Cr4.43%
Larsen & Toubro LtdEquity818.96 Cr3.81%
Reliance Industries LtdEquity812.2 Cr3.78%
Kotak Mahindra Bank LtdEquity794.23 Cr3.70%
Axis Bank LtdEquity735.82 Cr3.43%
Infosys LtdEquity588.69 Cr2.74%
Crompton Greaves Consumer Electricals LtdEquity426.58 Cr1.99%
NTPC LtdEquity426.52 Cr1.99%
Delhivery LtdEquity421.39 Cr1.96%
Ambuja Cements LtdEquity418.17 Cr1.95%
ITC LtdEquity415.77 Cr1.94%
Gujarat State Petronet LtdEquity413.22 Cr1.92%
Bharti Airtel LtdEquity399.71 Cr1.86%
Tata Consultancy Services LtdEquity391.98 Cr1.83%
Tata Steel LtdEquity353.88 Cr1.65%
Wipro LtdEquity341.81 Cr1.59%
Aurobindo Pharma LtdEquity331.34 Cr1.54%
Zomato LtdEquity322.08 Cr1.50%
Prestige Estates Projects LtdEquity312.56 Cr1.46%
FSN E-Commerce Ventures LtdEquity306.89 Cr1.43%
Gland Pharma LtdEquity306.69 Cr1.43%
LIC Housing Finance LtdEquity298.9 Cr1.39%
Eicher Motors LtdEquity294.28 Cr1.37%
Dabur India LtdEquity288.48 Cr1.34%
Max Financial Services LtdEquity281.45 Cr1.31%
Ceat LtdEquity281.36 Cr1.31%
Fortis Healthcare LtdEquity275.01 Cr1.28%
Laurus Labs LtdEquity274.4 Cr1.28%
Cipla LtdEquity256.55 Cr1.19%
InterGlobe Aviation LtdEquity248.41 Cr1.16%
HCL Technologies LtdEquity248.37 Cr1.16%
LTIMindtree LtdEquity237.31 Cr1.11%
SBI Cards and Payment Services Ltd Ordinary SharesEquity233.35 Cr1.09%
Bharat Petroleum Corp LtdEquity224.92 Cr1.05%
Tata Motors LtdEquity220.49 Cr1.03%
SKF India LtdEquity219.53 Cr1.02%
Bharat Forge LtdEquity208.95 Cr0.97%
Bata India LtdEquity205.37 Cr0.96%
HDFC Asset Management Co LtdEquity194.41 Cr0.91%
SRF LtdEquity192.54 Cr0.90%
JK Cement LtdEquity174.41 Cr0.81%
Greenply Industries LtdEquity172.21 Cr0.80%
Mahindra & Mahindra LtdEquity171.58 Cr0.80%
TrepsCash - Repurchase Agreement169.67 Cr0.79%
NRB Bearings LtdEquity161.55 Cr0.75%
Vinati Organics LtdEquity159.32 Cr0.74%
Sapphire Foods India LtdEquity157.98 Cr0.74%
One97 Communications LtdEquity153.96 Cr0.72%
Divi's Laboratories LtdEquity151.03 Cr0.70%
Hindalco Industries LtdEquity147.07 Cr0.68%
Data Patterns (India) LtdEquity143.31 Cr0.67%
Indus Towers Ltd Ordinary SharesEquity136.24 Cr0.63%
Utkarsh Small Finance Bank LtdEquity122.34 Cr0.57%
TeamLease Services LtdEquity120.19 Cr0.56%
PB Fintech LtdEquity119.98 Cr0.56%
Prince Pipes And Fittings Ltd Ordinary SharesEquity117.57 Cr0.55%
Timken India LtdEquity115.57 Cr0.54%
Gateway Distriparks LtdEquity109.43 Cr0.51%
Campus Activewear LtdEquity106.08 Cr0.49%
Paradeep Phosphates LtdEquity96.76 Cr0.45%
Chemplast Sanmar LtdEquity93.24 Cr0.43%
Sun Pharmaceuticals Industries LtdEquity87.49 Cr0.41%
Tega Industries LtdEquity87.14 Cr0.41%
Indian Energy Exchange LtdEquity85.9 Cr0.40%
Kajaria Ceramics LtdEquity85.2 Cr0.40%
ICICI Prudential Life Insurance Company LimitedEquity85.12 Cr0.40%
Atul LtdEquity71.89 Cr0.33%
Avalon Technologies LtdEquity68.62 Cr0.32%
Grasim Industries Ltd Ordinary Shares (Partly Paid Rs.0.50)Equity63.58 Cr0.30%
Fusion Micro Finance LtdEquity50.8 Cr0.24%
Net Receivables / (Payables)Cash40.72 Cr0.19%
Whirlpool of India LtdEquity38.29 Cr0.18%
Grasim Industries LtdEquity30.12 Cr0.14%
Hindustan Unilever LtdEquity6.16 Cr0.03%
Titan Co LtdEquity6.04 Cr0.03%
Bharat Electronics LtdEquity2.89 Cr0.01%
Maruti Suzuki India LtdEquity1.23 Cr0.01%
Jio Financial Services LtdEquity0.04 Cr0.00%
Mirae Asset Liquid Dir GrMutual Fund - Open End0 Cr0.00%

Allocation By Market Cap (Equity)

Large Cap Stocks

64.07%

Mid Cap Stocks

23.83%

Small Cap Stocks

11.12%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services6,745.02 Cr31.41%
Consumer Cyclical2,908.75 Cr13.54%
Industrials2,489.59 Cr11.59%
Technology2,030.75 Cr9.46%
Basic Materials1,973.18 Cr9.19%
Healthcare1,682.5 Cr7.83%
Energy1,037.12 Cr4.83%
Utilities839.74 Cr3.91%
Consumer Defensive710.42 Cr3.31%
Communication Services535.95 Cr2.50%
Real Estate312.56 Cr1.46%

Risk & Performance Ratios

Standard Deviation

This fund

12.15%

Cat. avg.

12.78%

Lower the better

Sharpe Ratio

This fund

1.03

Cat. avg.

1.01

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.93

Higher the better

Fund Managers

Neelesh Surana

Neelesh Surana

Since December 2015

Additional Scheme Detailsas of 31st March 2024

ISININF769K01DM9Expense Ratio0.64%Exit LoadNo ChargesFund Size₹21,476 CrAge28 Dec 2015Lumpsum Minimum₹500Fund StatusOpen Ended Investment CompanyBenchmarkNifty 500 TR INR

Investment ObjectiveInvestment 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 nameExpense RatioExit LoadFund size
1Y
Tata India Tax Savings Fund Direct Growth

Very High Risk

0.7%0.0%₹4028.26 Cr35.4%
Tata India Tax Savings Fund Regular Growth

Very High Risk

1.8%0.0%₹4028.26 Cr33.9%
Axis Long Term Equity Fund Regular Growth

Very High Risk

1.5%0.0%₹35473.88 Cr34.6%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.7%0.0%₹3174.82 Cr33.0%
Parag Parikh Tax Saver Fund Regular Growth

Very High Risk

1.8%0.0%₹3174.82 Cr31.5%
Shriram Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹47.33 Cr39.7%
Shriram Long Term Equity Fund Regular Growth

Very High Risk

2.5%0.0%₹47.33 Cr37.5%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.5%0.0%₹301.77 Cr54.7%
ITI Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹301.77 Cr52.0%
Sundaram Diversified Equity Regular Growth

Very High Risk

2.2%0.0%₹1603.92 Cr27.8%

About the AMC

Total AUM

₹1,67,826 Cr

Address

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

Other Funds by Mirae Asset India Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth

Very High Risk

0.4%1.0%₹1325.63 Cr-
Mirae Asset Great Consumer Fund Direct Growth

Very High Risk

0.5%1.0%₹3182.73 Cr40.0%
Mirae Asset Cash Management Direct Growth

Low to Moderate Risk

0.1%0.0%₹6871.66 Cr7.4%
Mirae Asset Emerging Bluechip Direct Growth

Very High Risk

0.7%1.0%₹33618.78 Cr39.8%
Mirae Asset Large Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹37884.61 Cr25.5%
Mirae Asset Savings Fund Direct Growth

Moderate Risk

0.2%0.0%₹493.94 Cr7.5%
Mirae Asset Money Market Fund Direct Growth

Moderate Risk

0.2%0.0%₹106.37 Cr7.6%
Mirae Asset Focused Fund Direct Growth

Very High Risk

0.6%1.0%₹8425.01 Cr23.9%
Mirae Asset Dynamic Bond Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹157.90 Cr6.6%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹1441.40 Cr95.3%
Mirae Asset Hybrid Equity Fund Direct Growth

Very High Risk

0.4%1.0%₹8400.93 Cr26.7%
Mirae Asset Equity Allocator Fund of Fund Direct Growth

Very High Risk

0.0%0.0%₹678.48 Cr35.6%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

Very High Risk

0.6%0.0%₹111.71 Cr29.6%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹506.21 Cr50.5%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹792.36 Cr6.9%
Mirae Asset Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹1003.21 Cr7.6%
Mirae Asset Flexi Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹1699.82 Cr34.3%
Mirae Asset Banking and Financial Services Fund Direct Growth

Very High Risk

0.7%1.0%₹1593.76 Cr26.9%
Mirae Asset Multicap Fund Direct Growth

Very High Risk

0.5%1.0%₹2488.33 Cr-
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

Very High Risk

0.6%0.0%₹72.78 Cr51.8%
Mirae Asset Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹21475.97 Cr37.3%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹83.06 Cr7.0%
Mirae Asset Corporate Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹51.08 Cr6.8%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹69.33 Cr-15.3%
Mirae Asset Equity Savings Fund Direct Growth

Moderately High risk

0.3%1.0%₹930.11 Cr18.6%
Mirae Asset Banking and PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹60.35 Cr6.8%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth

Very High Risk

1.0%1.0%₹346.82 Cr35.8%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth

Very High Risk

0.7%1.0%₹95.84 Cr-5.7%
Mirae Asset Overnight Fund Direct Growth

Low Risk

0.0%0.0%₹593.94 Cr6.8%
Mirae Asset Short Term Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹335.66 Cr7.1%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth

Moderate Risk

0.2%0.0%₹225.61 Cr7.0%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹103.03 Cr6.9%
Mirae Asset Healthcare Fund Direct Growth

Very High Risk

0.5%1.0%₹2235.15 Cr47.1%
Mirae Asset Arbitrage Fund Direct Growth

Low Risk

0.1%0.0%₹1451.16 Cr8.6%
Mirae Asset Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹14251.70 Cr49.7%
Mirae Asset Balanced Advantage Fund Direct Growth

Very High Risk

0.7%1.0%₹1534.21 Cr23.3%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
Wealth Monitor

Unlock Expert Insights!

Maximise Returns with our Wealth Monitor App. Try it now!

Still got questions?
We're here to help.

The NAV of Mirae Asset Tax Saver Fund Direct Growth, as of 19-Apr-2024, is ₹46.63.
The fund has generated 37.32% over the last 1 year and 20.22% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 99.02% in equities, 0.00% in bonds, and 0.98% in cash and cash equivalents.
The fund managers responsible for Mirae Asset Tax Saver Fund Direct Growth are:-
  1. Neelesh Surana