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 February 28, 2023 | 14,200.43 |
| Net AUM (₹ Cr.) | 14,043.25 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on February 28, 2023 |
Regular Plan: 1.70% Direct Plan: 0.58% |
| **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. | |
| Portfolio Holdings | % Allocation |
Banks |
|
HDFC Bank Ltd |
8.51% |
ICICI Bank Ltd |
7.34% |
Axis Bank Ltd |
4.66% |
State Bank of India |
3.52% |
Kotak Mahindra Bank Ltd |
1.68% |
IT - Software |
|
Infosys Ltd |
4.79% |
HCL Technologies Ltd |
2.79% |
Tata Consultancy Services Ltd |
2.44% |
Petroleum Products |
|
Reliance Industries Ltd |
6.69% |
Bharat Petroleum Corporation Ltd |
0.24% |
Pharmaceuticals & Biotechnology |
|
Sun Pharmaceutical Industries Ltd |
1.85% |
Gland Pharma Ltd |
1.44% |
Aurobindo Pharma Ltd |
0.82% |
Torrent Pharmaceuticals Ltd |
0.81% |
Biocon Ltd |
0.55% |
Divi's Laboratories Ltd |
0.47% |
Finance |
|
Housing Development Finance Corporation Ltd |
2.56% |
SBI Cards and Payment Services Ltd |
2.02% |
Shriram Finance Ltd |
0.84% |
Industrial Products |
|
SKF India Ltd |
1.57% |
Bharat Forge Ltd |
1.53% |
Prince Pipes And Fittings Ltd |
0.84% |
Automobiles |
|
Tata Motors Ltd |
1.48% |
Maruti Suzuki India Ltd |
1.25% |
TVS Motor Company Ltd |
0.43% |
Construction |
|
Larsen & Toubro Ltd |
3.15% |
Consumer Durables |
|
Titan Company Ltd |
1.31% |
Havells India Ltd |
1.06% |
Greenply Industries Ltd |
0.60% |
Diversified FMCG |
|
ITC Ltd |
2.19% |
Hindustan Unilever Ltd |
0.74% |
Telecom - Services |
|
Bharti Airtel Ltd |
2.82% |
Cement & Cement Products |
|
JK Cement Ltd |
1.55% |
Nuvoco Vistas Corporation Ltd |
0.58% |
Ambuja Cements Ltd |
0.36% |
Power |
|
NTPC Ltd |
2.40% |
Auto Components |
|
Sona BLW Precision Forgings Ltd |
1.46% |
CEAT Ltd |
0.90% |
Balkrishna Industries Ltd |
0.01% |
Chemicals & Petrochemicals |
|
Atul Ltd |
0.87% |
Vinati Organics Ltd |
0.63% |
Chemplast Sanmar Ltd |
0.49% |
Insurance |
|
Max Financial Services Ltd |
1.11% |
SBI Life Insurance Company Ltd |
0.40% |
HDFC Life Insurance Company Ltd |
0.39% |
Financial Technology (Fintech) |
|
PB Fintech Ltd |
1.53% |
One 97 Communications Ltd |
0.28% |
Personal Products |
|
Dabur India Ltd |
0.98% |
Emami Ltd |
0.78% |
Gas |
|
Gujarat State Petronet Ltd |
1.68% |
Transport Services |
|
Delhivery Ltd |
1.12% |
Gateway Distriparks Ltd |
0.46% |
Ferrous Metals |
|
Tata Steel Ltd |
1.58% |
Leisure Services |
|
Sapphire Foods India Ltd |
1.39% |
Retailing |
|
Zomato Ltd |
1.16% |
Capital Markets |
|
Indian Energy Exchange Ltd |
1.06% |
Healthcare Services |
|
Krishna Institute Of Medical Sciences Ltd |
0.80% |
Textiles & Apparels |
|
Page Industries Ltd |
0.69% |
Fertilizers & Agrochemicals |
|
Paradeep Phosphates Ltd |
0.53% |
Realty |
|
Prestige Estates Projects Ltd |
0.53% |
Non - Ferrous Metals |
|
National Aluminium Company Ltd |
0.36% |
Industrial Manufacturing |
|
Tega Industries Ltd |
0.35% |
Aerospace & Defense |
|
Bharat Electronics Ltd |
0.20% |
Food Products |
|
Britannia Industries Ltd |
0.00% |
Equity Holding Total |
99.59% |
Cash & Other Receivables |
0.41% |
Total |
100.00% |
| NAV: | Direct | Regular |
| Growth | ₹ 33.391 | ₹ 30.218 |
| IDCW^ | ₹ 21.580 | ₹ 18.790 |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | 5 Yrs | SI | |
| MATSF | 2.22% |
18.86% |
12.98% |
16.66% |
| Scheme Benchmark* (Tier-1) | 2.58% |
17.55% |
10.66% |
12.69% |
| Scheme Benchmark* (Tier-2) | 2.37% |
16.85% |
10.76% |
12.54% |
| Additional Benchmark** | 6.19% |
16.86% |
12.85% |
13.45% |
| NAV as on 28th February, 2023 | ₹ 30.218 | |||
| Index Value (28th February, 2023) | Index Value of Scheme benchmark is 22,546.35 / 11,623.83 and S&P BSE Sensex (TRI) is 89,281.77 |
|||
| 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.
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
| Volatility | 22.62% |
| Beta: | 0.96 |
| R Squared | 0.98 |
| Sharpe Ratio#: | 0.54 |
| Information Ratio | 0.41 |
| Portfolio Turnover Ratio | 0.82 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, 2023.^Basis last rolling 12 months. |
|
| Positions Increased |
| Stock |
| Auto Components |
| CEAT Limited |
| Automobiles |
| Tata Motors Limited |
| Banks |
| Axis Bank Limited |
| ICICI Bank Limited |
| State Bank of India |
| Cement & Cement Products |
| Ambuja Cements Limited |
| Construction |
| Larsen & Toubro Limited |
| Consumer Durables |
| Havells India Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Fertilizers & Agrochemicals |
| Paradeep Phosphates Limited |
| Finance |
| SBI Cards and Payment Services Limited |
| Gas |
| Gujarat State Petronet Limited |
| Industrial Manufacturing |
| Tega Industries Limited |
| Industrial Products |
| Prince Pipes And Fittings Limited |
| IT - Software |
| HCL Technologies Limited |
| Leisure Services |
| Sapphire Foods India Limited |
| Personal Products |
| Dabur India Limited |
| Pharmaceuticals & Biotechnology |
| Aurobindo Pharma Limited |
| Gland Pharma Limited |
| Sun Pharmaceutical Industries Limited |
| Power |
| NTPC Limited |
| Realty |
| Prestige Estates Projects Limited |
| Transport Services |
| Delhivery Limited |
| Positions Decreased |
| Stock |
| Auto Components |
| Balkrishna Industries Limited |
| Automobiles |
| Maruti Suzuki India Limited |
| Banks |
| Kotak Mahindra Bank Limited |
| Chemicals & Petrochemicals |
| Vinati Organics Limited |
| Diversified FMCG |
| Hindustan Unilever Limited |
| IT - Software |
| Infosys Limited |
| Petroleum Products |
| Bharat Petroleum Corporation Limited |
| Period | Total Amount Invested | Mkt Value as on 28-February-2023 |
SI |
860,000 |
1,499,261 |
7 Yrs |
840,000 |
1,437,798 |
5 Yr |
600,000 |
869,662 |
3 Yr |
360,000 |
445,974 |
1 Yr |
120,000 |
119,520 |
Returns (%) |
Period |
||||
SI |
7yrs |
5yrs |
3yrs |
1yr |
|
Fund Return& (%) |
15.23 |
15.1 |
14.86 |
14.46 |
-0.75 |
Benchmark Return (Tier-1)& (%) |
12.64 |
12.6 |
13.07 |
14.01 |
-2.77 |
Benchmark Return (Tier-2)& (%) |
12.37 |
12.33 |
12.57 |
13.34 |
-3.02 |
Add. Benchmark Return& (%) |
13.75 |
13.74 |
13.78 |
14.85 |
3.93 |
& 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.
| Record Date | IDCW (₹) | Face Value ( ₹) | Cum Nav ( ₹) |
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 |
07-Feb-23 |
1.80 per Unit |
10 |
20.889 |
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