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 August 31, 2023 | 17,435.64 |
| Net AUM (₹ Cr.) | 17,630.50 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on August 31, 2023 |
Regular Plan: 1.61% Direct Plan: 0.66% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 39.382 | ₹ 35.449 |
| IDCW | ₹ 23.380 | ₹ 20.226 |
| New Position Bought |
| Stock |
| Automobiles |
| Mahindra & Mahindra Limited |
| Chemicals & Petrochemicals |
| SRF Limited |
| Commercial Services & Supplies |
| TeamLease Services Limited |
| Finance |
| Jio Financial Services Limited |
| IT - Software |
| Wipro Limited |
| Positions Increased |
| Stock |
| Auto Components |
| CEAT Limited |
| NRB Bearing Limited |
| Banks |
| Axis Bank Limited |
| HDFC Bank Limited |
| Kotak Mahindra Bank Limited |
| Capital Markets |
| Indian Energy Exchange Limited |
| Construction |
| Larsen & Toubro Limited |
| Consumer Durables |
| Bata India Limited |
| Finance |
| SBI Cards and Payment Services Limited |
| Financial Technology (Fintech) |
| PB Fintech Limited |
| Gas |
| Gujarat State Petronet Limited |
| Healthcare Services |
| Fortis Healthcare Limited |
| Personal Products |
| Dabur India Limited |
| Petroleum Products |
| Bharat Petroleum Corporation Limited |
| Pharmaceuticals & Biotechnology |
| Aurobindo Pharma Limited |
| Retailing |
| FSN E-Commerce Ventures Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Positions Decreased |
| Stock |
| Consumer Durables |
| Kajaria Ceramics Limited |
| Industrial Manufacturing |
| Tega Industries Limited |
| Industrial Products |
| Bharat Forge Limited |
| Insurance |
| Max Financial Services Limited |
| SBI Life Insurance Company Limited |
| IT - Software |
| Tata Consultancy Services Limited |
| Personal Products |
| Emami Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Power |
| NTPC Limited |
| Transport Services |
| Delhivery Limited |
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 9.66% |
| ICICI Bank Ltd | 7.50% |
| State Bank of India | 4.58% |
| Axis Bank Ltd | 3.31% |
| Kotak Mahindra Bank Ltd | 2.40% |
| Utkarsh Small Finance Bank Ltd | 0.62% |
| IT - Software | |
| Infosys Ltd | 3.86% |
| HCL Technologies Ltd | 3.04% |
| Coforge Ltd | 1.16% |
| Wipro Ltd | 1.01% |
| Tata Consultancy Services Ltd | 0.43% |
| Pharmaceuticals & Biotechnology | |
| Gland Pharma Ltd | 1.91% |
| Cipla Ltd | 1.52% |
| Aurobindo Pharma Ltd | 1.17% |
| Sun Pharmaceutical Industries Ltd | 0.97% |
| Divi's Laboratories Ltd | 0.38% |
| Consumer Durables | |
| Crompton Greaves Consumer Electricals Ltd | 1.96% |
| Bata India Ltd | 1.75% |
| Greenply Industries Ltd | 0.68% |
| Kajaria Ceramics Ltd | 0.32% |
| Titan Company Ltd | 0.03% |
| Industrial Products | |
| Bharat Forge Ltd | 1.80% |
| SKF India Ltd | 1.46% |
| Prince Pipes And Fittings Ltd | 0.87% |
| Petroleum Products | |
| Reliance Industries Ltd | 3.64% |
| Bharat Petroleum Corporation Ltd | 0.36% |
| Retailing | |
| Zomato Ltd | 2.06% |
| FSN E-Commerce Ventures Ltd | 1.37% |
| Insurance | |
| SBI Life Insurance Company Ltd | 1.95% |
| Max Financial Services Ltd | 1.47% |
| HDFC Life Insurance Company Ltd | 0.01% |
| Construction | |
| Larsen & Toubro Ltd | 3.13% |
| Power | |
| NTPC Ltd | 2.76% |
| Chemicals & Petrochemicals | |
| Vinati Organics Ltd | 1.20% |
| Atul Ltd | 0.68% |
| SRF Ltd | 0.40% |
| Chemplast Sanmar Ltd | 0.32% |
| Telecom - Services | |
| Bharti Airtel Ltd | 2.37% |
| Automobiles | |
| Mahindra & Mahindra Ltd | 0.88% |
| Tata Motors Ltd | 0.79% |
| Maruti Suzuki India Ltd | 0.51% |
| Cement & Cement Products | |
| JK Cement Ltd | 1.23% |
| Ambuja Cements Ltd | 0.85% |
| Auto Components | |
| CEAT Ltd | 1.42% |
| NRB Bearing Ltd | 0.57% |
| Finance | |
| SBI Cards and Payment Services Ltd | 1.77% |
| Jio Financial Services Ltd | 0.08% |
| Personal Products | |
| Dabur India Ltd | 1.51% |
| Emami Ltd | 0.29% |
| Gas | |
| Gujarat State Petronet Ltd | 1.77% |
| Transport Services | |
| Delhivery Ltd | 1.15% |
| Gateway Distriparks Ltd | 0.53% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.43% |
| Healthcare Services | |
| Fortis Healthcare Ltd | 0.77% |
| Krishna Institute Of Medical Sciences Ltd | 0.62% |
| Diversified FMCG | |
| ITC Ltd | 1.25% |
| Hindustan Unilever Ltd | 0.01% |
| Leisure Services | |
| Sapphire Foods India Ltd | 1.07% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 1.03% |
| Realty | |
| Prestige Estates Projects Ltd | 0.96% |
| Fertilizers & Agrochemicals | |
| Paradeep Phosphates Ltd | 0.88% |
| Financial Technology (Fintech) | |
| PB Fintech Ltd | 0.71% |
| Non - Ferrous Metals | |
| National Aluminium Company Ltd | 0.56% |
| Industrial Manufacturing | |
| Tega Industries Ltd | 0.51% |
| Commercial Services & Supplies | |
| TeamLease Services Ltd | 0.16% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 0.01% |
| Equity Holding Total | 97.41% |
| Cash & Other Receivables | 2.59% |
| Total | 100.00% |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | 5 Yrs | SI | |
| MATSF | 14.09% | 23.39% | 14.98% | 17.91% |
| Scheme Benchmark* (Tier-1) | 11.39% | 23.10% | 12.33% | 14.16% |
| Scheme Benchmark* (Tier-2) | 9.40% | 21.79% | 11.75% | 13.79% |
| Additional Benchmark** | 10.31% | 20.30% | 12.24% | 14.06% |
| NAV as on 31st August, 2023 | ₹ 35.449 | |||
| Index Value (31st August, 2023) | Index Value of Scheme benchmark is 26,451.77 / 13,426.83 and S&P BSE Sensex (TRI) is 99,117.59 |
|||
| 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
| Period | Total Amount Invested | Mkt Value as on 31-August-2023 |
SI |
9,20,000 | 18,24,734 |
7 Yrs |
8,40,000 | 15,44,070 |
5 Yr |
6,00,000 | 9,55,607 |
3 Yr |
3,60,000 | 4,55,051 |
1 Yr |
1,20,000 | 1,34,382 |
Returns (%) |
Period |
||||
SI |
7yrs |
5yrs |
3yrs |
1yr |
|
Fund Return& (%) |
17.43 | 17.09 | 18.68 | 15.83 | 23.00 |
Benchmark Return (Tier-1)& (%) |
15.11 | 15.18 | 17.38 | 15.83 | 19.72 |
Benchmark Return (Tier-2)& (%) |
14.49 | 14.50 | 16.23 | 14.44 | 16.46 |
Add. Benchmark Return& (%) |
14.73 | 14.73 | 15.53 | 13.50 | 13.40 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Regular Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
07-Feb-23 |
1.80 |
10.00 |
20.890 |
28-Jul-23 |
1.80 |
10.00 |
21.638 |
| Direct Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
07-Feb-23 |
2.10 |
10.00 |
24.010 |
28-Jul-23 |
2.05 |
10.00 |
24.958 |
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 & Direct Plan - IDCW Option
| Volatility | 13.43% |
| Beta: | 0.89 |
| R Squared | 0.97 |
| Sharpe Ratio#: | 1.24 |
| Information Ratio | 0.11 |
| Portfolio Turnover Ratio | 1.00 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 August, 2023.^Basis last rolling 12 months. |
|
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.