MIRAE ASSET
ELSS TAX SAVER FUND* (formerly known as Mirae Asset Tax Saver Fund)
(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 29, 2024 | 21,084.77 |
| Net AUM (₹ Cr.) | 21,301.58 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on February 29, 2024 |
Regular Plan: 1.58% Direct Plan: 0.58% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 45.644 | ₹ 40.888 |
| IDCW | ₹ 27.098 | ₹ 23.329 |
| New Position Bought |
| Stock |
Automobiles |
Eicher Motors Limited |
Electrical Equipment |
Avalon Technologies Limited |
IT - Software |
LTIMindtree Limited |
Non - Ferrous Metals |
Hindalco Industries Limited |
| Positions Increased |
| Stock |
Aerospace & Defense |
Data Patterns (India) Limited |
Banks |
HDFC Bank Limited |
Kotak Mahindra Bank Limited |
Utkarsh Small Finance Bank Ltd |
Capital Markets |
HDFC Asset Management Company Limited |
Cement & Cement Products |
Grasim Industries Limited |
Construction |
Larsen & Toubro Limited |
Consumer Durables |
Campus Activewear Limited |
Crompton Greaves Consumer Electricals Limited |
Diversified FMCG |
ITC Limited |
Ferrous Metals |
Tata Steel Limited |
Fertilizers & Agrochemicals |
Paradeep Phosphates Limited |
Finance |
Fusion Micro Finance Limited |
Industrial Manufacturing |
Tega Industries Limited |
Insurance |
Max Financial Services Limited |
IT - Software |
Tata Consultancy Services Limited |
Pharmaceuticals & Biotechnology |
Divi's Laboratories Limited |
Laurus Labs Limited |
Realty |
Prestige Estates Projects Limited |
Retailing |
FSN E-Commerce Ventures Limited |
| Positions Decreased |
| Stock |
Auto Components |
NRB Bearing Limited |
Automobiles |
Mahindra & Mahindra Limited |
Banks |
ICICI Bank Limited |
State Bank of India |
Cement & Cement Products |
JK Cement Limited |
Consumer Durables |
Bata India Limited |
Kajaria Ceramics Limited |
Diversified FMCG |
Hindustan Unilever Limited |
Finance |
Jio Financial Services Limited |
SBI Cards and Payment Services Limited |
Financial Technology (Fintech) |
PB Fintech Limited |
Gas |
Gujarat State Petronet Limited |
Healthcare Services |
Fortis Healthcare Limited |
Insurance |
SBI Life Insurance Company Limited |
IT - Software |
HCL Technologies Limited |
Personal Products |
Dabur India Limited |
Petroleum Products |
Reliance Industries Limited |
Power |
NTPC Limited |
Retailing |
Zomato Limited |
Telecom - Services |
Indus Towers Limited |
Transport Services |
InterGlobe Aviation Limited |
| Portfolio Holdings | % Allocation |
Banks |
|
HDFC Bank Ltd |
8.03% |
State Bank of India |
4.87% |
ICICI Bank Ltd |
4.63% |
Axis Bank Ltd |
3.55% |
Kotak Mahindra Bank Ltd |
3.53% |
Utkarsh Small Finance Bank Ltd |
0.64% |
IT - Software |
|
Infosys Ltd |
3.09% |
HCL Technologies Limited |
2.19% |
Wipro Ltd |
1.73% |
Tata Consultancy Services Ltd |
0.83% |
LTIMindtree Limited |
0.82% |
Pharmaceuticals & Biotechnology |
|
Aurobindo Pharma Ltd |
1.42% |
Gland Pharma Limited |
1.38% |
Cipla Limited |
1.19% |
Laurus Labs Limited |
0.92% |
Sun Pharmaceutical Industries Ltd |
0.67% |
Divi's Laboratories Ltd |
0.64% |
Consumer Durables |
|
Crompton Greaves Consumer Electricals Limited |
1.88% |
Bata India Limited |
1.18% |
Greenply Industries Limited |
0.92% |
Campus Activewear Limited |
0.57% |
Kajaria Ceramics Ltd |
0.44% |
Titan Company Ltd |
0.03% |
Petroleum Products |
|
Reliance Industries Ltd |
3.75% |
Bharat Petroleum Corporation Limited |
1.06% |
Construction |
|
Larsen & Toubro Ltd |
3.90% |
Cement & Cement Products |
|
Ambuja Cements Limited |
1.94% |
JK Cement Limited |
1.03% |
Grasim Industries Ltd |
0.91% |
Transport Services |
|
Delhivery Limited |
1.86% |
InterGlobe Aviation Limited |
1.04% |
Gateway Distriparks Limited |
0.55% |
Automobiles |
|
Eicher Motors Ltd |
1.07% |
Mahindra & Mahindra Limited |
1.04% |
Tata Motors Limited |
0.99% |
Maruti Suzuki India Ltd |
0.01% |
Retailing |
|
Zomato Limited |
1.66% |
FSN E-Commerce Ventures Limited |
1.35% |
Industrial Products |
|
SKF India Limited |
1.21% |
Bharat Forge Limited |
1.00% |
Prince Pipes And Fittings Limited |
0.58% |
Finance |
|
LIC Housing Finance Limited |
1.24% |
SBI Cards and Payment Services Limited |
1.16% |
Fusion Micro Finance Limited |
0.15% |
Jio Financial Services Limited |
0.00% |
Chemicals & Petrochemicals |
|
Vinati Organics Ltd |
0.85% |
SRF Limited |
0.84% |
Chemplast Sanmar Limited |
0.46% |
Atul Limited |
0.37% |
Power |
|
NTPC Ltd |
2.49% |
Telecom - Services |
|
Bharti Airtel Ltd |
2.00% |
Indus Towers Limited |
0.35% |
Auto Components |
|
CEAT Limited |
1.41% |
NRB Bearing Limited |
0.88% |
Financial Technology (Fintech) |
|
PB Fintech Limited |
1.73% |
One 97 Communications Limited |
0.54% |
Gas |
|
Gujarat State Petronet Limited |
2.01% |
Diversified FMCG |
|
ITC Ltd |
1.85% |
Hindustan Unilever Ltd |
0.03% |
Ferrous Metals |
|
Tata Steel Ltd |
1.50% |
Insurance |
|
Max Financial Services Ltd |
1.28% |
SBI Life Insurance Company Limited |
0.14% |
Personal Products |
|
Dabur India Ltd |
1.39% |
Realty |
|
Prestige Estates Projects Limited |
1.30% |
Capital Markets |
|
HDFC Asset Management Company Limited |
0.75% |
Indian Energy Exchange Ltd |
0.43% |
Healthcare Services |
|
Fortis Healthcare Limited |
0.97% |
Leisure Services |
|
Sapphire Foods India Limited |
0.71% |
Aerospace & Defense |
|
Data Patterns (India) Limited |
0.69% |
Bharat Electronics Ltd |
0.01% |
Non - Ferrous Metals |
|
Hindalco Industries Limited |
0.62% |
Commercial Services & Supplies |
|
TeamLease Services Limited |
0.62% |
Industrial Manufacturing |
|
Tega Industries Limited |
0.32% |
Fertilizers & Agrochemicals |
|
Paradeep Phosphates Limited |
0.27% |
Electrical Equipment |
|
Avalon Technologies Limited |
0.09% |
Equity Holding Total |
99.51% |
Cash & Other Receivables |
0.49% |
Total |
100.00% |
| Returns (in%) | |||||
| 1 Year | 3 Years | 5 years | Since inception | Value of 10000 invested Since Inception (in Rs.) | |
| Mirae Asset ELSS Tax Saver Fund | 35.31% |
17.64% |
20.05% |
18.79% |
40,888 |
| Scheme Benchmark* (Tier-1) | 39.71% |
19.40% |
18.81% |
15.68% |
32,920 |
| Scheme Benchmark* (Tier-2) | 37.02% |
18.29% |
17.90% |
15.28% |
31,989 |
| Additional Benchmark** | 24.58% |
15.26% |
16.50% |
14.75% |
30,811 |
| NAV as on 29th February, 2024 | ₹ 40.888 | ||||
| Index Value (29th February, 2024) | Index Value of Scheme benchmark is 31,499.31 / 15,926.49 and S&P BSE Sensex (TRI) is 1,11,227.59 | ||||
| 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.
Latest available NAV has been taken for return calculation wherever applicable
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 29-February-2024 |
SI |
9,80,000 |
21,70,798 |
7 Yrs |
8,40,000 |
16,43,509 |
5 Yr |
6,00,000 |
10,20,630 |
3 Yr |
3,60,000 |
4,74,018 |
1 Yr |
1,20,000 |
1,42,147 |
Returns (%) |
Period |
||||
SI |
7yrs |
5yrs |
3yrs |
1yr |
|
Fund Return& (%) |
18.89 |
18.85 |
21.41 |
18.74 |
36.06 |
Benchmark Return (Tier-1)& (%) |
17.54 |
18.21 |
21.81 |
20.90 |
40.96 |
Benchmark Return (Tier-2)& (%) |
16.89 |
17.44 |
20.59 |
19.62 |
38.42 |
Add. Benchmark Return& (%) |
15.82 |
16.01 |
17.57 |
15.46 |
24.46 |
& 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 Mirae Asset ELSS Tax Saver Fund - Regular & Direct Plan - IDCW Option
| Volatility | 12.11% |
| Beta | 0.88 |
| R Squared | 0.97 |
| Sharpe Ratio#: | 0.91 |
| Information Ratio | -0.74 |
| Portfolio Turnover Ratio | 0.94 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 29th February 2024.^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.
*Pursuant to notice cum addendum no. 62/2023, the name of schemes of Mirae Asset Mutual Fund has been changed with effect from December 15, 2023.