Equity
Direct
Elss (Tax Savings)
NAV as on 05-09-2024
₹ 55.12
1D
Inception Returns
21.7%
/yr
Mirae Asset Tax Saver Fund is a tax saving mutual fund which also helps in growing your wealth.Investing in this fund allows you to claim deductions under Section 80C of the Income Tax Act, 1961, which can help you reduce your taxable income by up to Rs. 1.5 lakhs per year.The fund also acts like a multi-cap, multi-sector fund, which means that it invests in the stocks of various companies across different sectors. This diversification helps reduce the risk of losses and ensures that your investment is spread out across different industries.
Mirae Asset ELSS Tax Saver Fund Direct Growth has given a CAGR return of 21.67% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 37.61%, 17.92% and 25.39% respectively.
Mirae Asset ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Health, Basic Materials, Energy, Communication, Consumer Defensive, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, Axis Bank Ltd, Infosys Ltd, ICICI Bank Ltd, State Bank of India
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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.
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Mirae Asset ELSS Tax Saver Fund Direct Growth of 3 Years
Expense ratio | 0.58% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹25617 Cr |
Inception Date | 28 December, 2015 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0% |
Lock In | 3 Years |
TurnOver | 45.11% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (05-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Consumer Cyclical & Industrial
Mirae Asset ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.23% | 2.23% |
6 Month Returns | 18.47% | 18.47% |
1 Year Returns | 37.61% | 37.61% |
3 Years Returns | 63.95% | 17.92% |
5 Years Returns | 210% | 25.39% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset ELSS Tax Saver Fund Direct Growth | -2.99 | 0.63 | 2.07 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset ELSS Tax Saver Fund Direct Growth | 1.06 | 0.92 | 0.99 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset ELSS Tax Saver Fund Direct Growth | 2.33 | 1 | 1.02 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset ELSS Tax Saver Fund Direct Growth | 11.89 | 12.26 | 18.79 |