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    Mirae Asset Tax Saver Fund -Direct Plan-Growth

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    Mirae Asset Tax Saver Fund -Direct Plan-Growth

    Mirae Asset Tax Saver Fund -Direct Plan-Growth

    • Very High Risk
    • Equity
    • ELSS (Tax Savings)
    • Share
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    NAV as on Aug 10, 2023
    i
    Price per unit of the scheme.
    ₹ 39.3020 0.50% 1 Day Change
    3.95%
    Minimum investment ₹500
    Benchmark IISL Nifty 500 TR INR

    FUND RATING

    A holistic measure of the rank of a fund relative to its peers. Top funds receive a score of 5.
    5
    Scheme Rating
    *Morningstar

    RISK-O-METER

    Level of risk associated with a mutual fund to help investors make informed investment decisions
     

    FUND PERFORMANCE

    (As On --)
    Compare fund’s performance against category average and benchmark across different time periods
    1M 3M 6M 1Y 3Y 5Y
    -- Out of -- funds in the category
    Category Avg
    --
    This Fund
    Returns <= 1 year are absolute and > 1 year are annualised
    For calculating Category Return & Scheme Ranking, only Growth & Direct schemes are considered.

    FUND COMPARISON

    This Fund
    Mirae Asset Tax Saver Fund -Direct Plan-Growth
    VS
    Category Average
    Category Topper
    All Fund
    *For the other fund, rescaled NAVs are used
    Share
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    RETURN CALCULATOR

    Check the return on your investment in the fund
    Mirae Asset Tax Saver Fund -Direct Plan-Growth
    Investment Type
    MONTHLY SIP ONE -TIME
    Monthly Investment
    Time Period (yrs)
    Annual Return in %
    • Invested Amount
      ₹0
    • Profit
      ₹0
    • Current Value
      ₹0

    FUND SUMMARY

    Expense Ratio
    0.56 %
    Category Avg Expense Ratio
    0.87%
    Minimum Investment (Lumpsum/SIP)
    ₹500/₹500
    Lock In (Years)
    3
    Fund Size
    ₹ 16,633.98 Cr
    Inception Date
    Dec 28, 2015
    Exit Load
    Nil
    TurnOver
    91.00 %

    ABOUT THE FUND

    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.

    Mirae Asset Tax Saver Fund -Direct Plan-Growth is an Equity - ELSS (Tax Savings) fund. The fund was launched in Dec 28, 2015. Its risk level is Very High. The NAV of the fund as on Aug 10, 2023 is ₹39.30. Its expense ratio is 0.56 %. The fund has an AUM of ₹17,418.71 Cr.The fund is managed by Neelesh Surana. The minimum initial investment is ₹500 in Lumpsum mode.

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    FUND MANAGER

    Neelesh Surana
    i
    Lead Fund Manager.
    Dec 28, 2015- Present
    • Fund Manager Rank 7 Out of 37
      i
      The fund managers’ ranking is determined on the basis of 3-year information ratio.
    • Schemes 2
    • AUM ₹ 43,318.25 Cr
    • Highest Return In 1 Yr 16.56 %
    Other Funds
    • table
    • card
    1M 3M 6M 1Y 3Y 5Y
    Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
    Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
    ₹39.30
    3.95%
    2.87%
    Very High Risk
    ₹16,633.98Cr
    Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
    ₹121.36
    4.71%
    3.44%
    Very High Risk
    ₹26,684.26Cr
    Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
    Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
    ₹39.30
    11.30%
    10.88%
    Very High Risk
    ₹16,633.98Cr
    Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
    ₹121.36
    12.52%
    11.90%
    Very High Risk
    ₹26,684.26Cr
    Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
    Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
    ₹39.30
    14.89%
    13.59%
    Very High Risk
    ₹16,633.98Cr
    Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
    ₹121.36
    15.63%
    14.36%
    Very High Risk
    ₹26,684.26Cr
    Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
    Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
    ₹39.30
    16.56%
    15.93%
    Very High Risk
    ₹16,633.98Cr
    Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
    ₹121.36
    15.96%
    16.85%
    Very High Risk
    ₹26,684.26Cr
    Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
    Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
    ₹39.30
    26.01%
    23.45%
    Very High Risk
    ₹16,633.98Cr
    Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
    ₹121.36
    25.85%
    25.32%
    Very High Risk
    ₹26,684.26Cr
    Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
    Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
    ₹39.30
    17.23%
    12.53%
    Very High Risk
    ₹16,633.98Cr
    Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
    ₹121.36
    17.68%
    13.51%
    Very High Risk
    ₹26,684.26Cr
    1M 3M 6M 1Y 3Y 5Y
    Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
    Very High Risk
    • NAV ₹39.30
    • Fund Size ₹16,633.98Cr
    Fund Return 3.95%
    Category Return 2.87%
    Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
    Very High Risk
    • NAV ₹121.36
    • Fund Size ₹26,684.26Cr
    Fund Return 4.71%
    Category Return 3.44%
    Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
    Very High Risk
    • NAV ₹39.30
    • Fund Size ₹16,633.98Cr
    Fund Return 11.30%
    Category Return 10.88%
    Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
    Very High Risk
    • NAV ₹121.36
    • Fund Size ₹26,684.26Cr
    Fund Return 12.52%
    Category Return 11.90%
    Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
    Very High Risk
    • NAV ₹39.30
    • Fund Size ₹16,633.98Cr
    Fund Return 14.89%
    Category Return 13.59%
    Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
    Very High Risk
    • NAV ₹121.36
    • Fund Size ₹26,684.26Cr
    Fund Return 15.63%
    Category Return 14.36%
    Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
    Very High Risk
    • NAV ₹39.30
    • Fund Size ₹16,633.98Cr
    Fund Return 16.56%
    Category Return 15.93%
    Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
    Very High Risk
    • NAV ₹121.36
    • Fund Size ₹26,684.26Cr
    Fund Return 15.96%
    Category Return 16.85%
    Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
    Very High Risk
    • NAV ₹39.30
    • Fund Size ₹16,633.98Cr
    Fund Return 26.01%
    Category Return 23.45%
    Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
    Very High Risk
    • NAV ₹121.36
    • Fund Size ₹26,684.26Cr
    Fund Return 25.85%
    Category Return 25.32%
    Mirae Asset Tax Saver Fund -Direct Plan-Growth Mirae Asset Tax Saver Fund -Direct Plan-Growth
    Very High Risk
    • NAV ₹39.30
    • Fund Size ₹16,633.98Cr
    Fund Return 17.23%
    Category Return 12.53%
    Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
    Very High Risk
    • NAV ₹121.36
    • Fund Size ₹26,684.26Cr
    Fund Return 17.68%
    Category Return 13.51%
    Returns <= 1 year are absolute and > 1 year are annualised

    DETAILED PORTFOLIO

    (As On Jul 31, 2023)
    EQUITY (95.69%)
    DEBT (0.00%)
    CASH (4.31%)
    OTHERS (0.00%)
    Allocation by Market Cap

    PERFORMANCE MEASURES

    Fund evaluation across critical parameters for better decision making
    • Consistency
      i
      It represents the consistency of a fund in beating its benchmark.
    • Downside Risk
      i
      Measured by Maximum Drawdown which shows the maximum loss from a peak to a nadir over a specified time period
    • Risk Adjusted Return
      i
      Risk adjusted return represents the return generated after factoring the risk taken to achieve it.
    • Volatility
      i
      Volatility represents the standard deviation of fund returns that is, how much the fund returns have deviated from the average.
    • Upside Capture Ratio
      i
      Fund performance relative to the index when the market is up. An upside capture ratio of >100 indicates better fund performance.
    • Downside Capture Ratio
      i
      Fund performance relative to the index when the market is down. A downside capture ratio of <100 indicates better fund performance.

    HISTORICAL RISK MEASURES

    Statistical measures to evaluate mutual fund risk. All ratios are calculated for a three-year time duration.
    • Alpha: Excess return of the fund over benchmark
      i
      Any Alpha above zero is considered good. However, for comparison, a fund with a higher Alpha is considered better. Alpha is normally used in conjunction with Beta. If the Beta is high, it implies that the fund manager took a high risk to generate Alpha.
      3.94
      This Fund
      VS
      1.85
      Category Avg
    • Beta: Risk of the fund in relation to benchmark
      i
      Beta >1 indicates that the fund is more volatile than its benchmark while Beta < 1 indicates that the fund is less volatile than its benchmark. The Beta of the benchmark is equal to 1.
      0.92
      This Fund
      VS
      0.90
      Category Avg
    • Sortino Ratio: Return per unit of bad risk
      i
      A variation of Sharpe ratio, Sortino considers only the downside risk. Unlike Sharpe ratio which considers both good risk and bad risk, Sortino factors only the bad risk. A high Sortino ratio indicates better return for each unit of downside risk.
      3.40
      This Fund
      VS
      2.80
      Category Avg
    • R-Squared: How well the fund tracks benchmark
      i
      R-Squared measures the correlation of fund returns and its benchmark returns. It varies between 0 and 1. The metric, Beta makes no sense if R-Squared is equal to zero. Thus, both Beta and R-Squared should be used in conjunction. A fund with a high R-Squared and low Beta is considered a less risky fund.
      93.84
      This Fund
      VS
      86.33
      Category Avg
    • Sharpe Ratio: Risk adjusted return of the fund
      i
      Sharpe Ratio is a measure of return per unit of risk. A higher Sharpe ratio indicates better risk adjusted return given by the fund.
      1.51
      This Fund
      VS
      1.30
      Category Avg
    • Standard Devation: Volatility of the fund
      i
      Standard deviation is a measure of dispersion of fund returns from its average return. A fund with a higher Standard deviation is more volatile than a fund with a low standard deviation.
      13.64
      This Fund
      VS
      14.02
      Category Avg
    Benchmark used in calculation : S&P BSE 200 India TR INR

    PEER ANALYSIS

    1M 3M 6M 1Y 3Y 5Y
    • table
    • card
    Fund Name Morningstar Rating NAV Fund Return Risk Fund Size (Cr)
    IDBI Equity Advantage Fund Direct Growth IDBI Equity Advantage Fund Direct Growth
    ₹48.77
    7.64%
    Very High Risk
    ₹484.91 Cr
    NJ ELSS Tax Saver Scheme Direct Growth NJ ELSS Tax Saver Scheme Direct Growth
    --
    ₹10.78
    6.31%
    Very High Risk
    ₹103.48 Cr
    Samco ELSS Tax Saver Fund Direct Growth Samco ELSS Tax Saver Fund Direct Growth
    --
    ₹11.65
    5.53%
    Very High Risk
    ₹53.42 Cr
    Tata India Tax Savings Fund Growth Direct Plan Tata India Tax Savings Fund Growth Direct Plan
    ₹36.84
    4.63%
    Very High Risk
    ₹3,392.14 Cr
    Franklin India Taxshield Direct Growth Franklin India Taxshield Direct Growth
    ₹1,120.71
    4.45%
    Very High Risk
    ₹5,028.51 Cr
    SBI Long Term Equity Fund Direct Growth SBI Long Term Equity Fund Direct Growth
    ₹302.40
    4.36%
    Very High Risk
    ₹14,429.84 Cr
    IDBI Equity Advantage Fund Direct Growth IDBI Equity Advantage Fund Direct Growth
    VERY HIGH RISK
    • NAV ₹48.77
    • Fund Size ₹484.91 Cr
    Fund Return 7.64%
    Category Return --
    NJ ELSS Tax Saver Scheme Direct Growth NJ ELSS Tax Saver Scheme Direct Growth
    VERY HIGH RISK --
    • NAV ₹10.78
    • Fund Size ₹103.48 Cr
    Fund Return 6.31%
    Category Return 2.87%
    Samco ELSS Tax Saver Fund Direct Growth Samco ELSS Tax Saver Fund Direct Growth
    VERY HIGH RISK --
    • NAV ₹11.65
    • Fund Size ₹53.42 Cr
    Fund Return 5.53%
    Category Return 2.87%
    Tata India Tax Savings Fund Growth Direct Plan Tata India Tax Savings Fund Growth Direct Plan
    VERY HIGH RISK
    • NAV ₹36.84
    • Fund Size ₹3,392.14 Cr
    Fund Return 4.63%
    Category Return 2.87%
    Franklin India Taxshield Direct Growth Franklin India Taxshield Direct Growth
    VERY HIGH RISK
    • NAV ₹1,120.71
    • Fund Size ₹5,028.51 Cr
    Fund Return 4.45%
    Category Return 2.87%
    SBI Long Term Equity Fund Direct Growth SBI Long Term Equity Fund Direct Growth
    VERY HIGH RISK
    • NAV ₹302.40
    • Fund Size ₹14,429.84 Cr
    Fund Return 4.36%
    Category Return 2.87%
    Returns <= 1 year are absolute and > 1 year are annualised

    funds from this amc

    1M 3M 6M 1Y 3Y 5Y
    • table
    • card
    Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
    Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth
    --
    ₹8.12
    11.35%
    --
    Very High Risk
    ₹78.07 Cr
    Mirae Asset Hang Seng TECH ETF Fund of Fund Regular Growth Mirae Asset Hang Seng TECH ETF Fund of Fund Regular Growth
    --
    ₹8.06
    11.32%
    --
    Very High Risk
    ₹78.07 Cr
    Mirae Asset Hang Seng TECH ETF Mirae Asset Hang Seng TECH ETF
    --
    ₹15.40
    11.27%
    --
    Very High Risk
    ₹172.44 Cr
    Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal
    --
    ₹21.54
    10.76%
    10.67%
    Very High Risk
    ₹1,683.63 Cr
    Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal
    --
    ₹21.54
    10.76%
    10.67%
    Very High Risk
    ₹1,683.63 Cr
    Mirae Asset Healthcare Fund Direct Growth Mirae Asset Healthcare Fund Direct Growth
    --
    ₹27.88
    10.76%
    10.67%
    Very High Risk
    ₹1,683.63 Cr
    Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth
    VERY HIGH RISK --
    • Category Rank Out of
    • NAV ₹8.12
    • Fund Size ₹78.07 Cr
    Fund Return 11.35%
    Category Return --
    Mirae Asset Hang Seng TECH ETF Fund of Fund Regular Growth Mirae Asset Hang Seng TECH ETF Fund of Fund Regular Growth
    VERY HIGH RISK --
    • Category Rank Out of
    • NAV ₹8.06
    • Fund Size ₹78.07 Cr
    Fund Return 11.32%
    Category Return --
    Mirae Asset Hang Seng TECH ETF Mirae Asset Hang Seng TECH ETF
    VERY HIGH RISK --
    • Category Rank Out of
    • NAV ₹15.40
    • Fund Size ₹172.44 Cr
    Fund Return 11.27%
    Category Return --
    Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal Mirae Asset Healthcare Fund Direct Payout of Income Distribution cum capital withdrawal
    VERY HIGH RISK --
    • Category Rank 19Out of 57
    • NAV ₹21.54
    • Fund Size ₹1,683.63 Cr
    Fund Return 10.76%
    Category Return 10.67%
    Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal Mirae Asset Healthcare Fund Direct Reinvestment of Income Distribution cum capital withdrawal
    VERY HIGH RISK --
    • Category Rank 19Out of 57
    • NAV ₹21.54
    • Fund Size ₹1,683.63 Cr
    Fund Return 10.76%
    Category Return 10.67%
    Mirae Asset Healthcare Fund Direct Growth Mirae Asset Healthcare Fund Direct Growth
    VERY HIGH RISK --
    • Category Rank 22Out of 57
    • NAV ₹27.88
    • Fund Size ₹1,683.63 Cr
    Fund Return 10.76%
    Category Return 10.67%
    Returns <= 1 year are absolute and > 1 year are annualised

    ABOUT THE AMC

    Mirae Asset Investment Managers (India) Private Limited
    Mirae Asset Investment Managers (India) Private Limited manages assets worth ₹ 1,28,876.73 crores. It’s current offering of mutual fund schemes includes 16 equity, 5 hybrid schemes.
    Phone
    022-6780 0300
    Email
    customercare@miraeasset.com
    AUM
    ₹ 1,28,876.73 Cr
    Address
    Unit No. 606, 6th Floor, ,Mumbai ,400 098

    FAQ’S

    What is the category of Mirae Asset Tax Saver Fund -Direct Plan-Growth ?
    The category of Mirae Asset Tax Saver Fund -Direct Plan-Growth is Equity - ELSS (Tax Savings)
    What is the current NAV of Mirae Asset Tax Saver Fund -Direct Plan-Growth ?
    The current NAV of Mirae Asset Tax Saver Fund -Direct Plan-Growth (as on Aug 10, 2023) is ₹ 39.30
    How safe is Mirae Asset Tax Saver Fund -Direct Plan-Growth?
    The risk level of Mirae Asset Tax Saver Fund -Direct Plan-Growth is Very High .
    What are short term returns given by Mirae Asset Tax Saver Fund -Direct Plan-Growth?
    The return given by Mirae Asset Tax Saver Fund -Direct Plan-Growth in 1 month is 3.95%, 3 months is 11.30%, 6 months is 14.89% and 1 year is 16.56%.
    What are the long term returns given by Mirae Asset Tax Saver Fund -Direct Plan-Growth?
    The return given by Mirae Asset Tax Saver Fund -Direct Plan-Growth in 3 years is 26.01% and 5 years is 17.23%
    What is the expense ratio of Mirae Asset Tax Saver Fund -Direct Plan-Growth?
    The expense ratio of Mirae Asset Tax Saver Fund -Direct Plan-Growth is 0.56 %
    What is the AUM of Mirae Asset Tax Saver Fund -Direct Plan-Growth
    The assets under Management (AUM) of Mirae Asset Tax Saver Fund -Direct Plan-Growth is Rs 16,633.98 crores.
    What is the minimum investment in Mirae Asset Tax Saver Fund -Direct Plan-Growth?
    The minimum Lumpsum investment in Mirae Asset Tax Saver Fund -Direct Plan-Growth is ₹500 and the minimum SIP investment in Mirae Asset Tax Saver Fund -Direct Plan-Growth is ₹500
    What is the asset allocation of Mirae Asset Tax Saver Fund -Direct Plan-Growth?
    The Mirae Asset Tax Saver Fund -Direct Plan-Growth has an exposure of 95.69% in Equity, 0.00% in Debt and 4.31% in Cash & Money Market Securities

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