Mirae Asset Tax Saver Fund-Regular Plan-Growth

ELSS NAV 35.745 0 25 September, 2023

Fund Details

Category ELSS
Fund Type Open Ended
Investment Plan Growth
Launch Date 02 December, 2015
Benchmark NIFTY 200 TRI
Asset Size(Cr) 15218.18982
Turn over 84%
Min Investment ₹ 500
Min SIP Investment ₹ 1000
Min Addl Investment ₹ 500
Exit Load Nil
Expense Ratio 1.61
Fund Manager Neelesh Surana
Fund House Mirae Asset Mutual Fund

Investment Returns (As on 25 Sep, 2023)

Duration Returns Benchmark Category
1 W 1.59% 1.58% 1.68%
1 M 3.68% 4.02% 3.64%
3 M 2.05% 1.44% 1.64%
6 M 0.78% 0.35% -0.87%
1 Y 4.15% 7.25% 5.63%
2 Y 10.74% 12.49% 11.19%
3 Y 25.78% 23.79% 23.4%
5 Y 13.78% 12.46% 9.95%

Risk Mesasures (As on 25 Sep, 2023)

Std Dev Sharpe Beta Alpha
Fund 14.83 1.36 1.16 0.95
Benchmark 0 0 0 0
Returns Compare with Others
  • 1Y
  • 3Y
  • 5Y

Portfolio (As on 30 Jun, 2023)

Assets Allocation

Sector Holdings
Others 1.81%

Return Calculator

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Disclaimer: Above returns are calculated on the basis of historical NAV movement for the selected period. However, historical performance does not guarantee future returns. Investors must take investment decisions based on his/her own requirements.

Peer Comparison

Fund Name 1 Yr Rtn. 3 Yr Rtn. 5 Yr Rtn.
Mirae Asset Tax Saver Fund-Regular Plan-Growth 4.15% 25.78% 13.78%
ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth 4.36% 23.85% 10.74%
Axis Long Term Equity Fund - Regular Plan - Growth -3.59% 14.95% 8.43%
Aditya Birla Sun Life Tax Relief 96 - Growth Option -0.2% 12.35% 4.49%

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Mirae Asset Tax Saver Fund : A Tax Saving Plan

It is a topic of great discussion amongst investors that whether they should go for schemes generating returns or select the ones that are tax-friendly. What is our take on the situation? Well, we suggest that the answer to it is that you should choose both. Apart from judging the scheme by its tax-saving ability, you should also consider the rate of returns that it reaps in the future. In such cases, Equity Linked Savings Scheme or simply ELSS is the best options to choose. When talking about the ELSS funds, it is hard to miss the name of Mirae Asset Tax Saver Fund. Out of the many options offered to reduce tax liabilities in India, ELSS is the most reliable and high-end performance funds. Investing in Mirae Asset Tax Saver Fund Growth is an ideal choice for the ones looking for wealth generation as they majorly invest in equities to ensure the influx of long-term yields.

Mirae Asset Tax Saver Fund Overview

Being an open-ended ELSS scheme, Mirae Asset Tax Saver Fund(G) primarily invests in the equity of large-cap companies. This way it assures more growth opportunities for the investors along with least volatility of market swings. It is among the top-performing ELSS mutual funds which diversify the total investable capital into various sectors but predominantly in the financial segment. It was launched on December 28, 2015, by Mirae Asset Fund House with the objective of creating wealth in the long term.

Mirae Asset Tax Saver Fund is one of the best choices for the investors who want to attain the long-term financial benefit through investments via SIP. Many a time, it has managed to outpace both its benchmark, i.e., S&P BSE 200, and peers, with a considerably good margin. It has performed better than all its competitors mostly all the time to fetch excellent returns for its investors.

Investment Objective Of Mirae Asset Tax Saver Fund Growth

The primary investment objective of this scheme of Mirae Asset Mutual Fund is to generate long-term capital growth from a diversified portfolio which predominantly includes equity and equity-related instruments. It is the best fit for people who have risk appetite ranging from moderate to high scale.

Mirae Asset Tax Saver Fund (G) : Portfolio Analysis

Mirae Asset Tax Saver Fund Growth has an objective to create wealth for the investors in the long run and to provide them deduction. It is an open-ended equity scheme which has a statutory lock-in period of 3 years. The key details of funds portfolio are:

  • Mirae Asset Tax Saver Plan invests approximately in 50-70 stocks across the market cap at all times of the market cycle. Its portfolio tilts towards large-cap stocks which are selected on a growth investment approach.
  • The fund is highly diversified among various sectors keeping most of its assets in finance, FMCG, technology, and energy sectors. Its sector allocation depicts that it has been investing in defensive and cyclical industries which can offer risk-adjusted returns to the fund.
  • The fund has nil investments in debt and money market securities, and it only keeps a bit of AUM as cash with them to meet the emergency requirements.
  • Mr Neelesh Surana, the fund manager of Mirae Asset Tax Saver (ELSS) Fund growth invests in the companies with robust business models, have a sustainable competitive advantage and high returns ratios.

The fund adopts prudent risk management strategy to provide consistent returns to the investors over the long run. It also stays invested in the stocks for a long-term, so that it can get the true value over the period of time.

Strategies That Work for Mirae Asset Tax Saver Fund (G)

The fund house is a firm believer of the fact that the success of its clients forms the foundation of its prosperity. Thus, to keep those clients happy, they follow sound policies and strategies. A few of them are discussed here:

  1. A diversified portfolio of strong growth companies at quite modest prices.
  2. Unbiased towards any theme or style.
  3. The companies in which it preferably invests should have a robust business model, high return ratios, and enjoy a sustainable competitive advantage.

Why Mirae Asset Tax Saver Fund?

Approximately 8.7% of the total assets of this scheme are into the financial sector, further Mirae Asset Tax Saver Growth Fund diversifies the capital into various other sectors too based on the proper research and analysis. The primary motive of the investment analysts at Mirae Asset India is to select the stocks which have excellent growth potential and can appreciate the capital value of the investors. Other than financial sector, the industries like technology, automobiles, energy, FMCG, metals, etc., hold the significant segment of its total assets. Moreover, under each sector, the fund manager handpicks the top performing companies which are known to have delivered excellent business in the past and have a strong expectation to grow furiously in the future. Among the top holdings of this fund, the top ten includes- HDFC Bank, ICICI Bank, Infosys, State Bank of India, Larsen & Toubro, Kotak Mahindra Bank Grasim Industries, Maruti Suzuki India, Tata Steel, and ITC.

Considering its methodology of investment, it follows growth approach from large stocks. Thus, out of the total equity holding, around 67% are deployed in giant and large-cap stocks. The idea is simple as the more substantial firms depict the leaders in the respective industry which are less volatile in comparison to the other small- as well mid-cap companies. This makes it the best pick for the investors who are looking for tax-efficient options along with capital growth.

Who Should All Invest in Mirae Asset Tax Saver Fund Growth?

Investors who have either one of the objectives mentioned below can invest in this scheme of Mirae Asset Mutual Fund:

  1. Capital Appreciation : This particular aims to capture growth opportunities through equities. ELSS, being an equity fund has greater potential to generate returns over the long-term tenure.
  2. Tax Savings : You can save up to Rs 46,350 by investing Rs 1.5 lakh (for the highest tax bracket). Moreover, it has the lowest lock-in period of just three years amongst all others option available under Section 80C of the Income Tax of India, 1961.

Why Invest with MySIPonline in Mirae Asset Tax Saver Fund?

MySIPonline provides ease to investors to invest in various schemes of the top mutual fund houses at a single platform. They can enjoy the perks of investing through a single digital platform to make mutual fund investments easy. You can also calculate the amount you need to invest to reach your goals through SIP calculator and get to know how much you can save by investing in ELSS plans through tax calculator. Some other benefits you can get at MySIPonline are:

  1. Secured Investments: MySIPonline is registered by AMFI where you can get safe and secure investment, with robust technicalities in various mutual funds investments including Mirae Asset Tax Saver Growth Scheme.
  2. Smart Process: MySIPonline is a simple platform and user-friendly where you can build your entire portfolio as well as for your family members with a single login. This is a very handy platform which people can use easily even if they have nil knowledge of finance.

So, if you are thinking to save your tax through investing in ELSS mutual funds under section 80C, then just connect with the experts of MySIPonline and get the best services throughout your investment process.

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