Mirae Asset ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 20-12-2024
₹ 52.65
1D
Inception Returns
20.3%
/yr
About Mirae Asset ELSS Tax Saver Fund Direct Growth
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.
Key Parameters
- Mirae Asset ELSS Tax Saver Fund Direct Growth has ₹25315 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Returns
Mirae Asset ELSS Tax Saver Fund Direct Growth has given a CAGR return of 20.32% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 22.91%, 17.36% and 21.20% respectively.
Holdings
Mirae Asset ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Industrial, Basic Materials, Health, Utilities, Energy, Communication, Consumer Defensive, Real Estate. Its top holdings are HDFC Bank Ltd, Axis Bank Ltd, State Bank of India, ICICI Bank Ltd, Infosys Ltd
Taxation
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.
Investment objective of Mirae Asset ELSS Tax Saver Fund Direct Growth
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 and lockin period
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
Historical NAV & Returns
INDmoney Rank for Mirae Asset ELSS Tax Saver Fund Direct Growth
Mirae Asset ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.61% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹25315 Cr |
| Inception Date | 28 December, 2015 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 45.11% |
| STCG | Selling mutual fund 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 |
Trailing Returns
as on (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at 1.37% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 1.96% in Nov'24
- AUM of the fund stands at 24.9K Cr as of Nov'24
- AUM decreased by 1.5K Cr between Nov'24 and Oct'24
Top 3 Sectors in November were Financial Services, Consumer Cyclical & Industrial
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 8.2% | -2.1% | |
 Axis Bank Ltd | 4.84% | -3.7% | |
 State Bank of India | 4.56% | 0% | |
 ICICI Bank Ltd | 4.27% | -1.2% | |
 Infosys Ltd | 4.03% | 0% |
Top Growth Drivers | 1M Return |
|---|---|
 One 97 Communications Ltd | 17.8% |
 Avalon Technologies Ltd | 14.1% |
 HDFC Bank Ltd | 3% |
Mutual Fund Insights
Mirae Asset ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹25315 Cr
Expense Ratio 0.61%
Frequently Asked Questions for Mirae Asset ELSS Tax Saver Fund Direct Growth
Mirae Asset ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.63% | 2.63% |
6 Month Returns | 3.28% | 3.28% |
1 Year Returns | 22.91% | 22.91% |
3 Years Returns | 61.66% | 17.36% |
5 Years Returns | 161.52% | 21.2% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset ELSS Tax Saver Fund Direct Growth | 1.76 | 0.77 | 1.97 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset ELSS Tax Saver Fund Direct Growth | 1 | 0.93 | 0.99 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset ELSS Tax Saver Fund Direct Growth | 1.56 | 0.83 | 0.86 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset ELSS Tax Saver Fund Direct Growth | 12.85 | 12.75 | 19.06 |