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 Febraury 28, 2022 | 11,019.94 |
| Net AUM (₹ Cr.) | 10,802.01 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on Febraury 28, 2022 |
Regular Plan: 1.80% Direct Plan: 0.55% |
| **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 | ₹ 32.290 | ₹ 29.562 |
| IDCW | ₹ 24.865 | ₹ 21.863 |
| Volatility | 22.25% |
| Beta: | 0.97 |
| R Squared | 0.98 |
| Sharpe Ratio#: | 0.82 |
| Information Ratio | 1.24 |
| Portfolio Turnover Ratio | 0.68 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 28th February, 2022.^Basis last rolling 12 months. |
|
| Portfolio Holdings | % Allocation | |
| Banks | ||
| HDFC Bank Ltd | 7.57% | |
| ICICI Bank Ltd | 7.36% | |
| Axis Bank Ltd | 4.53% | |
| State Bank of India | 3.77% | |
| Equitas Small Finance Bank Limited | 0.95% | |
| Kotak Mahindra Bank Ltd | 0.05% | |
| Software | ||
| Infosys Ltd | 7.50% | |
| Tata Consultancy Services Ltd | 3.04% | |
| HCL Technologies Limited | 2.27% | |
| MphasiS Limited | 1.57% | |
| Petroleum Products | ||
| Reliance Industries Ltd | 6.08% | |
| Bharat Petroleum Corporation Limited | 0.96% | |
| Pharmaceuticals | ||
| Sun Pharmaceutical Industries Ltd | 2.41% | |
| Torrent Pharmaceuticals Ltd | 1.55% | |
| Aurobindo Pharma Ltd | 1.08% | |
| Dr. Reddy's Laboratories Ltd | 0.75% | |
| Divi's Laboratories Ltd | 0.00% | |
| Finance | ||
| Housing Development Finance Corporation Ltd | 2.10% | |
| Muthoot Finance Limited | 1.19% | |
| SBI Cards and Payment Services Limited | 0.82% | |
| Cholamandalam Investment and Finance Company Limited | 0.70% | |
| Power Finance Corporation Ltd | 0.60% | |
| Consumer Non Durables | ||
| ITC Ltd | 1.91% | |
| Britannia Industries Ltd | 1.50% | |
| Hindustan Unilever Ltd | 1.34% | |
| Dabur India Ltd | 0.24% | |
| Insurance | ||
| HDFC Life Insurance Company Ltd | 1.50% | |
| Max Financial Services Ltd | 1.37% | |
| SBI Life Insurance Company Limited | 0.89% | |
| ICICI Lombard General Insurance Company Limited | 0.88% | |
| Consumer Durables | ||
| Orient Electric Limited | 1.30% | |
| Havells India Ltd | 1.29% | |
| Voltas Ltd | 1.03% | |
| Greenply Industries Limited | 0.78% | |
| Titan Company Ltd | 0.23% | |
| Auto | ||
| Maruti Suzuki India Ltd | 1.86% | |
| Tata Motors Limited | 1.45% | |
| Ashok Leyland Limited | 0.73% | |
| Cement & Cement Products | ||
| JK Cement Limited | 1.75% | |
| Ambuja Cements Limited | 1.55% | |
| Auto Ancillaries | ||
| Balkrishna Industries Ltd | 1.14% | |
| Sona BLW Precision Forgings Limited | 0.86% | |
| S.J.S. Enterprises Limited | 0.32% | |
| CEAT Limited | 0.30% | |
| Construction Project | ||
| Larsen & Toubro Ltd | 2.52% | |
| Chemicals | ||
| Vinati Organics Ltd | 1.18% | |
| Chemplast Sanmar Limited | 0.78% | |
| Atul Limited | 0.50% | |
| Industrial Products | ||
| SKF India Limited | 1.21% | |
| Prince Pipes And Fittings Limited | 1.10% | |
| Ferrous Metals | ||
| Tata Steel Ltd | 2.19% | |
| Telecom - Services | ||
| Bharti Airtel Ltd | 1.78% | |
| Gas | ||
| Gujarat State Petronet Limited | 1.55% | |
| Capital Markets | ||
| UTI Asset Management Company Limited | 0.76% | |
| Indian Energy Exchange Ltd | 0.49% | |
| Power | ||
| NTPC Ltd | 1.10% | |
| Healthcare Services | ||
| Krishna Institute Of Medical Sciences Limited | 0.96% | |
| Transportation | ||
| Gateway Rail Freight Limited | 0.66% | |
| Aerospace & Defense | ||
| Bharat Electronics Ltd | 0.50% | |
| Industrial Capital Goods | ||
| Tega Industries Limited | 0.45% | |
| Financial Technology (FINTECH) | ||
| One 97 Communications Limited | 0.39% | |
| Retailing | ||
| FSN E-Commerce Ventures Limited | 0.25% | |
| Zomato Limited | 0.05% | |
| Textile Products | ||
| Page Industries Ltd | 0.11% | |
| Equity Holding Total | 99.57% | |
| Cash & Other Receivables | 0.43% | |
| Total | 100.00% | |
| New Position Bought |
| Stock |
| Finance |
| Cholamandalam Investment and Finance Company Ltd |
| Pharmaceuticals |
| Aurobindo Pharma Limited |
| Positions Exited |
| Stock |
| Auto Ancillaries |
| MRF Limited |
| Positions Increased |
| Stock |
| Consumer Non Durables |
| ITC Limited |
| Britannia Industries Limited |
| Power |
| NTPC Limited |
| Petroleum Products |
| Bharat Petroleum Corporation Limited |
| Reliance Industries Limited |
| Aerospace & Defense |
| Bharat Electronics Limited |
| Capital Markets |
| UTI Asset Management Company Limited |
| Indian Energy Exchange Limited |
| Insurance |
| HDFC Life Insurance Company Limited |
| Cement & Cement Products |
| Ambuja Cements Limited |
| Auto Ancillaries |
| Balkrishna Industries Limited |
| S.J.S. Enterprises Limited |
| Software |
| MphasiS Limited |
| HCL Technologies Limited |
| Infosys Limited |
| Industrial Products |
| Prince Pipes And Fittings Limited |
| Construction Project |
| Larsen & Toubro Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Auto |
| Tata Motors Limited |
| Finance |
| Muthoot Finance Limited |
| Housing Development Finance Corporation Limited |
| Positions Decreased |
| Stock |
| Software |
| Tata Consultancy Services Limited |
| Chemicals |
| Atul Limited |
| Auto |
| Ashok Leyland Limited |
| Consumer Durables |
| Voltas Limited |
| Titan Company 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 |
15-Mar-21 |
1.60 per Unit |
10 |
20.708 |
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 | 17.61% |
21.68% |
18.03% |
19.19% |
| Scheme Benchmark* (Tier-1) | 18.66% |
18.20% |
14.50% |
14.42% |
| Scheme Benchmark* (Tier-2) | 17.89% |
17.52% |
14.43% |
14.28% |
| Additional Benchmark** | 15.65% |
17.49% |
15.73% |
14.67% |
| NAV as on 28th February, 2022 | 29.562 | |||
| Index Value (28th February, 2022) | Index Value of Scheme benchmark is 21,978.65 / 11,354.51 and S&P BSE Sensex (TRI) is 84,075.57 |
|||
| 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 28-February-2022 |
SI |
730,000 |
1,320,447 |
5 Yrs |
600,000 |
969,152 |
3 Yr |
360,000 |
518,929 |
1 Yr |
120,000 |
123,207 |
Returns (%) |
Period |
|||
SI |
5yrs |
3yrs |
1yr |
|
Fund Return& (%) |
19.36 |
19.29 |
25.33 |
5.04 |
Benchmark Return (Tier-1)& (%) |
15.97 |
16.49 |
23.09 |
7.30 |
Benchmark Return (Tier-2)& (%) |
15.69 |
16.14 |
22.06 |
7.33 |
Add. Benchmark Return& (%) |
16.18 |
16.53 |
20.54 |
7.40 |
& 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