Mirae Asset Tax Saver Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (25-Jul-24)
₹52.79-0.07%1D
Returns (Since Inception)
21.41%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹24,346 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, 6 months and 28 days, having been launched on 28-Dec-15.
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹52.79, Assets Under Management (AUM) of 24345.83 Crores, and an expense ratio of 0.57%.
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹52.79, Assets Under Management (AUM) of 24345.83 Crores, and an expense ratio of 0.57%.
- Mirae Asset Tax Saver Fund Direct Growth has given a CAGR return of 21.41% since inception.
- The fund's asset allocation comprises around 98.79% in equities, 0.00% in debts, and 1.21% 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
+36.29%
+37.41% (Cat Avg.)
3 Years
+19.26%
+19.51% (Cat Avg.)
5 Years
+23.65%
+21.13% (Cat Avg.)
Since Inception
+21.41%
— (Cat Avg.)
Portfolio Summaryas of 30th June 2024
| Equity | ₹24,051 Cr | 98.79% |
| Others | ₹294.84 Cr | 1.21% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹2,028.12 Cr | 8.33% |
| Axis Bank Ltd | Equity | ₹1,211.68 Cr | 4.98% |
| ICICI Bank Ltd | Equity | ₹1,068.47 Cr | 4.39% |
| Reliance Industries Ltd | Equity | ₹1,004.39 Cr | 4.13% |
| Infosys Ltd | Equity | ₹997.63 Cr | 4.10% |
| State Bank of India | Equity | ₹906.15 Cr | 3.72% |
| Larsen & Toubro Ltd | Equity | ₹825.31 Cr | 3.39% |
| Kotak Mahindra Bank Ltd | Equity | ₹617.2 Cr | 2.54% |
| Bharti Airtel Ltd | Equity | ₹518.18 Cr | 2.13% |
| Tata Consultancy Services Ltd | Equity | ₹508.02 Cr | 2.09% |
| Tata Motors Ltd | Equity | ₹461.71 Cr | 1.90% |
| Wipro Ltd | Equity | ₹447.64 Cr | 1.84% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹438.67 Cr | 1.80% |
| Laurus Labs Ltd | Equity | ₹437.73 Cr | 1.80% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹422.56 Cr | 1.74% |
| Delhivery Ltd | Equity | ₹412.34 Cr | 1.69% |
| FSN E-Commerce Ventures Ltd | Equity | ₹406.16 Cr | 1.67% |
| Gland Pharma Ltd | Equity | ₹380.6 Cr | 1.56% |
| Vedanta Ltd | Equity | ₹364.46 Cr | 1.50% |
| Tata Steel Ltd | Equity | ₹363.8 Cr | 1.49% |
| ITC Ltd | Equity | ₹360.37 Cr | 1.48% |
| InterGlobe Aviation Ltd | Equity | ₹356.17 Cr | 1.46% |
| Dr Reddy's Laboratories Ltd | Equity | ₹353.1 Cr | 1.45% |
| NTPC Ltd | Equity | ₹345.5 Cr | 1.42% |
| Prestige Estates Projects Ltd | Equity | ₹306.61 Cr | 1.26% |
| Ambuja Cements Ltd | Equity | ₹298.95 Cr | 1.23% |
| Bharat Forge Ltd | Equity | ₹281.21 Cr | 1.16% |
| Ceat Ltd | Equity | ₹279.39 Cr | 1.15% |
| ICICI Prudential Life Insurance Company Limited | Equity | ₹278.46 Cr | 1.14% |
| SBI Cards and Payment Services Ltd Ordinary Shares | Equity | ₹267.66 Cr | 1.10% |
| HDFC Asset Management Co Ltd | Equity | ₹263.71 Cr | 1.08% |
| Aurobindo Pharma Ltd | Equity | ₹261.82 Cr | 1.08% |
| LIC Housing Finance Ltd | Equity | ₹257.75 Cr | 1.06% |
| Treps | Cash - Repurchase Agreement | ₹247.22 Cr | 1.02% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹244.27 Cr | 1.00% |
| Oil & Natural Gas Corp Ltd | Equity | ₹237.18 Cr | 0.97% |
| Greenply Industries Ltd | Equity | ₹236.94 Cr | 0.97% |
| Hindustan Unilever Ltd | Equity | ₹228.31 Cr | 0.94% |
| Bata India Ltd | Equity | ₹227.88 Cr | 0.94% |
| Power Finance Corp Ltd | Equity | ₹218.87 Cr | 0.90% |
| SRF Ltd | Equity | ₹217.7 Cr | 0.89% |
| Gujarat State Petronet Ltd | Equity | ₹196.57 Cr | 0.81% |
| Zomato Ltd | Equity | ₹193.78 Cr | 0.80% |
| SKF India Ltd | Equity | ₹184 Cr | 0.76% |
| NRB Bearings Ltd | Equity | ₹182.98 Cr | 0.75% |
| Bharat Petroleum Corp Ltd | Equity | ₹172.08 Cr | 0.71% |
| One97 Communications Ltd | Equity | ₹168.68 Cr | 0.69% |
| Fortis Healthcare Ltd | Equity | ₹150.36 Cr | 0.62% |
| Go Digit General Insurance Ltd | Equity | ₹147.05 Cr | 0.60% |
| Campus Activewear Ltd | Equity | ₹145.5 Cr | 0.60% |
| Prince Pipes And Fittings Ltd Ordinary Shares | Equity | ₹144.34 Cr | 0.59% |
| L&T Finance Ltd | Equity | ₹143.28 Cr | 0.59% |
| Kajaria Ceramics Ltd | Equity | ₹142.01 Cr | 0.58% |
| HCL Technologies Ltd | Equity | ₹141.45 Cr | 0.58% |
| Eicher Motors Ltd | Equity | ₹139.62 Cr | 0.57% |
| Arvind Ltd | Equity | ₹138.95 Cr | 0.57% |
| United Spirits Ltd | Equity | ₹138.5 Cr | 0.57% |
| Utkarsh Small Finance Bank Ltd | Equity | ₹133.32 Cr | 0.55% |
| Timken India Ltd | Equity | ₹132.24 Cr | 0.54% |
| Bharat Electronics Ltd | Equity | ₹129.81 Cr | 0.53% |
| Mahindra & Mahindra Financial Services Ltd | Equity | ₹125.98 Cr | 0.52% |
| JK Cement Ltd | Equity | ₹121.96 Cr | 0.50% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹118.62 Cr | 0.49% |
| Tega Industries Ltd | Equity | ₹115 Cr | 0.47% |
| Vinati Organics Ltd | Equity | ₹113.95 Cr | 0.47% |
| Gateway Distriparks Ltd | Equity | ₹111.92 Cr | 0.46% |
| Maruti Suzuki India Ltd | Equity | ₹111.6 Cr | 0.46% |
| TeamLease Services Ltd | Equity | ₹110.33 Cr | 0.45% |
| Chemplast Sanmar Ltd | Equity | ₹108.49 Cr | 0.45% |
| Avalon Technologies Ltd | Equity | ₹106.89 Cr | 0.44% |
| Sapphire Foods India Ltd | Equity | ₹101.33 Cr | 0.42% |
| Paradeep Phosphates Ltd | Equity | ₹98.96 Cr | 0.41% |
| Whirlpool of India Ltd | Equity | ₹81.08 Cr | 0.33% |
| Cipla Ltd | Equity | ₹70.16 Cr | 0.29% |
| Apollo Tyres Ltd | Equity | ₹69.06 Cr | 0.28% |
| LTIMindtree Ltd | Equity | ₹62.45 Cr | 0.26% |
| Multi Commodity Exchange of India Ltd | Equity | ₹58.86 Cr | 0.24% |
| Net Receivables / (Payables) | Cash | ₹47.61 Cr | 0.20% |
| Mahindra & Mahindra Ltd | Equity | ₹37.1 Cr | 0.15% |
| Fusion Finance Ltd | Equity | ₹35.66 Cr | 0.15% |
| PB Fintech Ltd | Equity | ₹16.95 Cr | 0.07% |
| Titan Co Ltd | Equity | ₹4.39 Cr | 0.02% |
| Hindalco Industries Ltd | Equity | ₹1.51 Cr | 0.01% |
| Grasim Industries Ltd | Equity | ₹0.99 Cr | 0.00% |
| Divi's Laboratories Ltd | Equity | ₹0.55 Cr | 0.00% |
| Mirae Asset Liquid Dir Gr | Mutual Fund - Open End | ₹0 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
66.67%
Mid Cap Stocks
16.73%
Small Cap Stocks
15.39%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹7,779.19 Cr | 31.95% |
| Consumer Cyclical | ₹3,300.4 Cr | 13.56% |
| Industrials | ₹2,663.48 Cr | 10.94% |
| Technology | ₹2,432.75 Cr | 9.99% |
| Healthcare | ₹2,195.49 Cr | 9.02% |
| Basic Materials | ₹1,927.71 Cr | 7.92% |
| Energy | ₹1,413.65 Cr | 5.81% |
| Communication Services | ₹762.45 Cr | 3.13% |
| Consumer Defensive | ₹727.19 Cr | 2.99% |
| Utilities | ₹542.07 Cr | 2.23% |
| Real Estate | ₹306.61 Cr | 1.26% |
Risk & Performance Ratios
Standard Deviation
This fund
12.32%
Cat. avg.
12.52%
Lower the better
Sharpe Ratio
This fund
1.05
Cat. avg.
0.97
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.80
Higher the better
Fund Managers
Neelesh Surana
Since December 2015
Additional Scheme Detailsas of 30th June 2024
ISIN | INF769K01DM9 | Expense Ratio | 0.57% | Exit Load | No Charges | Fund Size | ₹24,346 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% | ₹4551.18 Cr | 34.0% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4551.18 Cr | 32.5% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹37106.30 Cr | 29.4% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹3731.20 Cr | 36.0% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹3731.20 Cr | 34.5% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹54.22 Cr | 41.8% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹54.22 Cr | 39.5% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹363.38 Cr | 55.5% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹363.38 Cr | 52.7% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1649.12 Cr | 25.5% |
About the AMC
Total AUM
₹1,73,546 Cr
Address
Unit No. 606, 6th Floor, Mumbai, 400 098
Other Funds by Mirae Asset India Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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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 25-Jul-2024, is ₹52.79.
What are the returns of Mirae Asset Tax Saver Fund Direct Growth?
The fund has generated 36.29% 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 98.79% in equities, 0.00% in bonds, and 1.21% 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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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.