Overview
Mirae Asset ELSS Tax Saver Fund Direct Growth
Mirae Asset Mutual Fund
The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.
Investments in Mirae Asset ELSS Tax Saver Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 51.654
Fund Size (AUM)
₹23945.24 Cr
Risk
Very High (Risk rating: 6/10)
Minimum Investment
Lumpsum: ₹ 500
SIP: ₹500
Launch Date
28-Dec-2015
Expense Ratio
0.7%
Exit Load
Nil
Benchmark
NIFTY 500 Total Return Index
Standard Deviation
13.9
History
Performance & Ratios
1-Year SIP Return
-2.26%
3-Year SIP Return
15.75%
5-Year SIP Return
17.88%
Mean Return
15.11%
Alpha
1.02
Beta
0.92
Sharpe Ratio
0.59
Sortino Ratio
1.06
Information Ratio
0.15
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 10.71% | 15.06% | 27.05% | 21.75% |
| Category Average | 8.98% | 15.47% | 24.59% | N/A |
| Rank Within Category | 23 | 23 | 12 | N/A |
Holdings (87)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 9.21% |
| Axis Bank Ltd. | Financial | Equity | 5.39% |
| ICICI Bank Ltd. | Financial | Equity | 4.64% |
| State Bank of India | Financial | Equity | 3.95% |
| Infosys Ltd. | Technology | Equity | 3.46% |
| Larsen & Toubro Ltd. | Construction | Equity | 3.2% |
| Reliance Industries Ltd. | Energy | Equity | 2.82% |
| Tata Consultancy Services Ltd. | Technology | Equity | 2.33% |
| ITC Ltd. | Consumer Staples | Equity | 2.24% |
| Bharti Airtel Ltd. | Communication | Equity | 1.84% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| SBI Long Term Equity Fund Direct Plan Growth | 27730.33 | 10.73 | 23.93 | 0.95 | N/A |
| Motilal Oswal ELSS Tax Saver Fund Direct Growth | 3816.77 | 12.31 | 23.88 | 0.7 | N/A |
| HDFC ELSS Tax Saver Fund Direct Plan Growth | 15555.71 | 17.21 | 22.66 | 1.11 | N/A |
| Parag Parikh ELSS Tax Saver Fund Direct Growth | 4905.72 | 16.5 | 18.89 | 0.63 | N/A |
| Quantum ELSS Tax Saver Fund Direct Growth | 209.18 | 13.07 | 18.26 | 0.89 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 500
Multiplier: 500
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: 1, 10, 15, 21, 28
Min Amount: ₹ 500
Min Installments: 5
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 10, 15, 21, 28
Min Amount: ₹ 1000
Min Installments: 5
AMC Details
Asset Management Company
Mirae Asset Mutual Fund
Mirae Asset Mutual Fund started their mutual fund on 30/11/2007 and its managing total assets of ₹11,044 Cr. Its ranked at 22 as per total assets at end of 30th Sep 2017. Mirae Asset Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Mirae Asset is a global financial company which is present across 12 countries and 5 continents. The company was founded in 1997 and since then pioneered to become a global presence.
Mirae believes that they are the best investment choice because of their strong investment philosophy, and niche to understand comparative advantage of various companies to make a sustainable and long- lasting decision for investors. They always believe in investing with a long term goal to sustainability in the market.
They believe in assessing risk in a way that it ultimately optimizes returns of investors. They constantly monitor the valuation, liquidity and corporate governance so that any risk can be mitigated. As a global brand it has obtained the trust of investors and has made a mark for itself in the mutual fund industry.
Launch Date
2007-11-30T00:00:00.801Z
Total AUM
₹ 183685.26 Cr
Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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Mirae Asset ELSS Tax Saver Fund Direct Growth
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Mirae Asset ELSS Tax Saver Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Mirae Asset ELSS Tax Saver Fund Direct Growth?
The top stocks held by Mirae Asset ELSS Tax Saver Fund Direct Growth include HDFC Bank Ltd., Axis Bank Ltd., ICICI Bank Ltd..
Which industries does Mirae Asset ELSS Tax Saver Fund Direct Growth invest in?
Mirae Asset ELSS Tax Saver Fund Direct Growth primarily invests in the following industries: Financial, Technology, Construction.
Who is the fund manager of Mirae Asset ELSS Tax Saver Fund Direct Growth?
The fund manager of Mirae Asset ELSS Tax Saver Fund Direct Growth is Neelesh Surana.
How many years has the fund manager been managing Mirae Asset ELSS Tax Saver Fund Direct Growth?
Neelesh Surana: Calculating...
What is the minimum investment for Mirae Asset ELSS Tax Saver Fund Direct Growth?
The minimum investment for Mirae Asset ELSS Tax Saver Fund Direct Growth is ₹500 for lumpsum investments and ₹500 for SIPs.
What are the average 1-year returns for Mirae Asset ELSS Tax Saver Fund Direct Growth?
Calculating...
What are the average 3-year returns for Mirae Asset ELSS Tax Saver Fund Direct Growth?
Calculating...
What is the expense ratio of Mirae Asset ELSS Tax Saver Fund Direct Growth, and how does it compare to its category?
The expense ratio of Mirae Asset ELSS Tax Saver Fund Direct Growth is 0.7%. The average expense ratio for similar funds in the Equity is Calculating....