MIRAE ASSET
TAX SAVER FUND - (MATSF)
(ELSS - An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)
| Type of Scheme | ELSS - An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit |
| Investment 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 |
| Fund Manager** | Mr. Neelesh Surana (since inception) |
| Allotment Date | 28th December, 2015 |
| Benchmark Index | Tier-1 - Nifty 500 (TRI) Tier-2 - Nifty 200 (TRI) |
| Minimum Investment Amount |
₹500/- and in multiples of ₹500/- thereafter |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) |
Monthly and Quarterly: Minimum installment of ₹500/- and in multiples of ₹500/- thereafter. |
| Load Structure | Entry Load:NA Exit Load: NIL |
| Plans Available | Regular Plan and Direct Plan |
| Options Available | Growth Option and IDCW^ Option (Payout & Re-investment) For Mirae Asset Tax Saver Fund only growth and IDCW payout option are available. |
| Monthly Average AUM (₹ Cr.) as on October 31, 2022 | 13,188.02 |
| Net AUM (₹ Cr.) | 13,546.14 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on October 31, 2022 |
Regular Plan: 1.72% Direct Plan: 0.53% |
| **For experience of Fund Managers Click Here | |
| ^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. | |
| NAV: | Direct | Regular |
| Growth | ₹ 34.253 | ₹ 31.114 |
| IDCW^ | ₹ 24.235 | ₹ 21.151 |
| Volatility | 22.84% |
| Beta: | 0.96 |
| R Squared | 0.98 |
| Sharpe Ratio#: | 0.54 |
| Information Ratio | 0.38 |
| Portfolio Turnover Ratio | 0.74 times |
@The Volatility, Beta, R Squared, Sharpe Ratio & Information Ratio are calculated on returns from last three years Monthly data points. # Risk free rate: FBIL OVERNIGHT MIBOR as on 31st October, 2022.^Basis last rolling 12 months. |
|
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 8.08% |
| ICICI Bank Ltd | 7.06% |
| Axis Bank Ltd | 5.07% |
| State Bank of India | 3.76% |
| Kotak Mahindra Bank Ltd | 1.74% |
| IT - Software | |
| Infosys Ltd | 5.40% |
| Tata Consultancy Services Ltd | 2.58% |
| HCL Technologies Ltd | 2.38% |
| Petroleum Products | |
| Reliance Industries Ltd | 6.31% |
| Bharat Petroleum Corporation Ltd | 1.29% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 1.77% |
| Gland Pharma Ltd | 1.47% |
| Torrent Pharmaceuticals Ltd | 0.97% |
| Aurobindo Pharma Ltd | 0.97% |
| Divi's Laboratories Ltd | 0.25% |
| Biocon Ltd | 0.20% |
| Finance | |
| Housing Development Finance Corporation Ltd | 1.56% |
| SBI Cards and Payment Services Ltd | 1.31% |
| Shriram Transport Finance Company Ltd | 0.89% |
| Muthoot Finance Ltd | 0.68% |
| Industrial Products | |
| SKF India Ltd | 1.72% |
| Bharat Forge Ltd | 1.53% |
| Prince Pipes And Fittings Ltd | 0.79% |
| Consumer Durables | |
| Havells India Ltd | 1.63% |
| Titan Company Ltd | 0.99% |
| Greenply Industries Ltd | 0.79% |
| Orient Electric Ltd | 0.47% |
| Telecom - Services | |
| Bharti Airtel Ltd | 3.28% |
| Auto Components | |
| Sona BLW Precision Forgings Ltd | 1.32% |
| Balkrishna Industries Ltd | 1.14% |
| CEAT Ltd | 0.67% |
| S.J.S. Enterprises Ltd | 0.14% |
| Automobiles | |
| Maruti Suzuki India Ltd | 1.44% |
| TVS Motor Company Ltd | 0.95% |
| Tata Motors Ltd | 0.84% |
| Cement & Cement Products | |
| JK Cement Ltd | 1.64% |
| Nuvoco Vistas Corporation Ltd | 0.68% |
| Ambuja Cements Ltd | 0.34% |
| Insurance | |
| Max Financial Services Ltd | 0.93% |
| SBI Life Insurance Company Ltd | 0.67% |
| HDFC Life Insurance Company Ltd | 0.45% |
| ICICI Lombard General Insurance Company Ltd | 0.43% |
| Construction | |
| Larsen & Toubro Ltd | 2.42% |
| Diversified FMCG | |
| ITC Ltd | 1.30% |
| Hindustan Unilever Ltd | 0.99% |
| Personal Products | |
| Dabur India Ltd | 0.96% |
| Emami Ltd | 0.96% |
| Power | |
| NTPC Ltd | 1.90% |
| Chemicals & Petrochemicals | |
| Vinati Organics Ltd | 0.90% |
| Chemplast Sanmar Ltd | 0.49% |
| Atul Ltd | 0.34% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.53% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 1.06% |
| UTI Asset Management Company Ltd | 0.38% |
| Gas | |
| Gujarat State Petronet Ltd | 1.15% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Ltd | 1.09% |
| Retailing | |
| Zomato Ltd | 1.00% |
| Financial Technology (Fintech) | |
| PB Fintech Ltd | 0.70% |
| One 97 Communications Ltd | 0.25% |
| Transport Services | |
| Gateway Distriparks Ltd | 0.59% |
| Delhivery Ltd | 0.33% |
| Food Products | |
| Britannia Industries Ltd | 0.89% |
| Non - Ferrous Metals | |
| National Aluminium Company Ltd | 0.81% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.72% |
| Aerospace & Defense | |
| MTAR Technologies Ltd | 0.39% |
| Bharat Electronics Ltd | 0.24% |
| Realty | |
| Prestige Estates Projects Ltd | 0.50% |
| Industrial Manufacturing | |
| Tega Industries Ltd | 0.26% |
| Leisure Services | |
| Sapphire Foods India Ltd | 0.21% |
| Fertilizers & Agrochemicals | |
| Paradeep Phosphates Ltd | 0.19% |
| Equity Holding Total | 99.15% |
| Cash & Other Receivables Total | 0.85% |
| Total | 100.00% |
| New Position Bought |
| Stock |
| Pharmaceuticals & Biotechnology |
| Biocon Limited |
| Positions Increased |
| Stock |
| Fertilizers & Agrochemicals |
| Paradeep Phosphates Limited |
| Power |
| NTPC Limited |
| Industrial Products |
| Bharat Forge Limited |
| Auto Components |
| Balkrishna Industries Limited |
| Sona BLW Precision Forgings Limited |
| Realty |
| Prestige Estates Projects Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Diversified FMCG |
| Hindustan Unilever Limited |
| Financial Technology (Fintech) |
| PB Fintech Limited |
| IT - Software |
| HCL Technologies Limited |
| Leisure Services |
| Sapphire Foods India Limited |
| Consumer Durables |
| Havells India Limited |
| Pharmaceuticals & Biotechnology |
| Gland Pharma Limited |
| Positions Decreased |
| Stock |
| Finance |
| Muthoot Finance Limited |
| SBI Cards and Payment Services Limited |
| Shriram Transport Finance Company Limited |
| Banks |
| Axis Bank Limited |
| Consumer Durables |
| Orient Electric Limited |
| Capital Markets |
| UTI Asset Management Company Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Automobiles |
| TVS Motor Company Limited |
| Insurance |
| ICICI Lombard General Insurance Company Limited |
| Cement & Cement Products |
| JK Cement Limited |
| Auto Components |
| S.J.S. Enterprises Limited |
| Pharmaceuticals & Biotechnology |
| Aurobindo Pharma Limited |
| Sun Pharmaceutical Industries Limited |
| Torrent Pharmaceuticals Limited |
| Record Date | IDCW (₹) | Face Value ( ₹) | Cum Nav ( ₹) |
06-Dec-18 |
0.44 per Unit |
10 |
14.221 |
16-Jan-20 |
0.84 per Unit |
10 |
16.653 |
23-Mar-21 |
1.60 per Unit |
10 |
20.708 |
14-Mar-22 |
1.75 per Unit |
10 |
21.864 |
Past Performance may or may not be sustained in future.
Pursuant to payment of IDCW the NAV of the IDCW option of the scheme will fall to the extent of payout and statutory levy (if any). IDCW history is for MATSF - Regular Plan - IDCW Option
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | 5 Yrs | SI | |
| MATSF | -1.02% |
18.83% |
13.98% |
18.03% |
| Scheme Benchmark* (Tier-1) | 3.52% |
18.03% |
12.29% |
14.32% |
| Scheme Benchmark* (Tier-2) | 3.54% |
17.14% |
12.42% |
14.20% |
| Additional Benchmark** | 3.70% |
16.13% |
14.15% |
14.60% |
| NAV as on 31st October, 2022 | ₹ 31.114 | |||
| Index Value (31st October, 2022) | Index Value of Scheme benchmark is 23,919.76 / 12,359.39 and S&P BSE Sensex (TRI) is 91,769.40 |
|||
| Allotment Date | 28th December, 2015 | |||
| Scheme Benchmark | *Tier-1-Nifty 500 (TRI) Tier-2-Nifty 200 (TRI) | |||
| Additional Benchmark | **S&P BSE Sensex (TRI) | |||
Fund manager : Mr. Neelesh Surana managing the scheme since 28th December, 2015
Note: Returns below or for 1 year are absolute returns, returns above 1 year are CAGR- Compounded Annualized Growth returns.
| Period | Total Amount Invested | Mkt Value as on 31-October-2022 |
SI |
820,000 |
1,504,163 |
5 Yrs |
600,000 |
930,465 |
3 Yr |
360,000 |
485,963 |
1 Yr |
120,000 |
123,031 |
Returns (%) |
Period |
|||
SI |
5yrs |
3yrs |
1yr |
|
Fund Return& (%) |
17.47 |
17.58 |
20.50 |
4.72 |
Benchmark Return (Tier-1)& (%) |
15.54 |
16.81 |
21.90 |
10.81 |
Benchmark Return (Tier-2)& (%) |
15.32 |
16.43 |
21.19 |
11.23 |
Add. Benchmark Return& (%) |
15.82 |
16.52 |
20.11 |
12.64 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
This product is suitable for investors who are seeking*
• Growth of capital over long term
• Invests predominantly in equity and equity related instruments: ELSS with a 3 year lock in period & tax benefits
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund manager is given in the respective page of the schemes.
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option