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 December 31, 2023 | 19,825.00 |
| Net AUM (₹ Cr.) | 20,430.78 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on December 31, 2023 |
Regular Plan: 1.58% Direct Plan: 0.60% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 44.350 | ₹ 39.796 |
| IDCW | ₹ 26.330 | ₹ 22.706 |
| New Position Bought |
| Stock |
| Financial Technology (Fintech) |
| One 97 Communications Limited |
| Positions Increased |
| Stock |
| Automobiles |
| Mahindra & Mahindra Limited |
| Banks |
| Kotak Mahindra Bank Limited |
| Utkarsh Small Finance Bank Ltd |
| Cement & Cement Products |
| Grasim Industries Limited |
| Chemicals & Petrochemicals |
| Chemplast Sanmar Limited |
| Consumer Durables |
| Campus Activewear Limited |
| Crompton Greaves Consumer Electricals Limited |
| Greenply Industries Limited |
| Kajaria Ceramics Limited |
| Finance |
| LIC Housing Finance Limited |
| Financial Technology (Fintech) |
| PB Fintech Limited |
| Gas |
| Gujarat State Petronet Limited |
| Healthcare Services |
| Fortis Healthcare Limited |
| Insurance |
| Max Financial Services Limited |
| Retailing |
| FSN E-Commerce Ventures Limited |
| Transport Services |
| Delhivery Limited |
| Positions Decreased |
| Stock |
| Banks |
| HDFC Bank Limited |
| ICICI Bank Limited |
| State Bank of India |
| Capital Markets |
| Indian Energy Exchange Limited |
| Chemicals & Petrochemicals |
| Atul Limited |
| Fertilizers & Agrochemicals |
| Paradeep Phosphates Limited |
| Healthcare Services |
| Krishna Institute Of Medical Sciences Limited |
| Industrial Products |
| Bharat Forge Limited |
| Insurance |
| SBI Life Insurance Company Limited |
| IT - Software |
| Infosys Limited |
| Pharmaceuticals & Biotechnology |
| Cipla Limited |
| Sun Pharmaceutical Industries Limited |
| Power |
| NTPC Limited |
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 9.62% |
| ICICI Bank Ltd | 5.55% |
| State Bank of India | 4.63% |
| Kotak Mahindra Bank Ltd | 3.10% |
| Axis Bank Ltd | 3.05% |
| Utkarsh Small Finance Bank Ltd | 0.65% |
| IT - Software | |
| Infosys Ltd | 2.97% |
| HCL Technologies Ltd | 2.78% |
| Coforge Ltd | 1.41% |
| Wipro Ltd | 1.33% |
| Tata Consultancy Services Ltd | 0.08% |
| Consumer Durables | |
| Crompton Greaves Consumer Electricals Ltd | 1.92% |
| Bata India Ltd | 1.69% |
| Greenply Industries Ltd | 0.87% |
| Kajaria Ceramics Ltd | 0.61% |
| Campus Activewear Ltd | 0.59% |
| Titan Company Ltd | 0.03% |
| Pharmaceuticals & Biotechnology | |
| Gland Pharma Ltd | 1.74% |
| Aurobindo Pharma Ltd | 1.50% |
| Cipla Ltd | 1.05% |
| Sun Pharmaceutical Industries Ltd | 0.56% |
| Divi's Laboratories Ltd | 0.35% |
| Petroleum Products | |
| Reliance Industries Ltd | 3.80% |
| Bharat Petroleum Corporation Ltd | 0.32% |
| Cement & Cement Products | |
| Ambuja Cements Ltd | 1.74% |
| JK Cement Ltd | 1.22% |
| Grasim Industries Ltd | 0.60% |
| Construction | |
| Larsen & Toubro Ltd | 3.43% |
| Industrial Products | |
| SKF India Ltd | 1.23% |
| Bharat Forge Ltd | 1.18% |
| Prince Pipes And Fittings Ltd | 0.78% |
| Transport Services | |
| Delhivery Ltd | 1.49% |
| InterGlobe Aviation Ltd | 1.09% |
| Gateway Distriparks Ltd | 0.55% |
| Retailing | |
| Zomato Ltd | 1.52% |
| FSN E-Commerce Ventures Ltd | 1.35% |
| Power | |
| NTPC Ltd | 2.84% |
| Finance | |
| SBI Cards and Payment Services Ltd | 1.63% |
| LIC Housing Finance Ltd | 1.07% |
| Jio Financial Services Ltd | 0.07% |
| Chemicals & Petrochemicals | |
| Vinati Organics Ltd | 0.92% |
| SRF Ltd | 0.91% |
| Atul Ltd | 0.44% |
| Chemplast Sanmar Ltd | 0.36% |
| Auto Components | |
| CEAT Ltd | 1.32% |
| NRB Bearing Ltd | 1.10% |
| Financial Technology (Fintech) | |
| PB Fintech Ltd | 1.71% |
| One 97 Communications Ltd | 0.51% |
| Insurance | |
| SBI Life Insurance Company Ltd | 1.33% |
| Max Financial Services Ltd | 0.83% |
| HDFC Life Insurance Company Ltd | 0.01% |
| Automobiles | |
| Mahindra & Mahindra Ltd | 1.71% |
| Tata Motors Ltd | 0.43% |
| Maruti Suzuki India Ltd | 0.00% |
| Telecom - Services | |
| Bharti Airtel Ltd | 2.04% |
| Gas | |
| Gujarat State Petronet Ltd | 2.00% |
| Personal Products | |
| Dabur India Ltd | 1.56% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.50% |
| Realty | |
| Prestige Estates Projects Ltd | 1.27% |
| Healthcare Services | |
| Fortis Healthcare Ltd | 1.10% |
| Krishna Institute Of Medical Sciences Ltd | 0.10% |
| Diversified FMCG | |
| ITC Ltd | 1.13% |
| Hindustan Unilever Ltd | 0.05% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 0.61% |
| HDFC Asset Management Company Ltd | 0.30% |
| Non - Ferrous Metals | |
| National Aluminium Company Ltd | 0.74% |
| Leisure Services | |
| Sapphire Foods India Ltd | 0.70% |
| Commercial Services & Supplies | |
| TeamLease Services Ltd | 0.69% |
| Fertilizers & Agrochemicals | |
| Paradeep Phosphates Ltd | 0.37% |
| UPL Ltd | 0.32% |
| Industrial Manufacturing | |
| Tega Industries Ltd | 0.29% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 0.01% |
| Equity Holding Total | 98.35% |
| Cash & Other Receivables | 1.65% |
| Total | 100.00% |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | 5 Yrs | SI | |
| Mirae Asset ELSS Tax Saver Fund | 27.02% | 19.84% | 19.00% | 18.81% |
| Scheme Benchmark* (Tier-1) | 26.91% | 20.30% | 17.47% | 15.53% |
| Scheme Benchmark* (Tier-2) | 24.66% | 19.01% | 16.73% | 15.16% |
| Additional Benchmark** | 20.33% | 16.19% | 16.28% | 15.00% |
| NAV as on 29th December, 2023 | ₹ 39.796 | |||
| Index Value (29th December, 2023) | Index Value of Scheme benchmark is 30,417.80 / 15,428.79 and S&P BSE Sensex (TRI) is 1,10,664.15 |
|||
| 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-December-2023 |
SI |
9,60,000 | 20,92,987 |
7 Yrs |
8,40,000 | 16,45,929 |
5 Yr |
6,00,000 | 10,21,407 |
3 Yr |
3,60,000 | 4,75,230 |
1 Yr |
1,20,000 | 1,44,168 |
Returns (%) |
Period |
||||
SI |
7yrs |
5yrs |
3yrs |
1yr |
|
Fund Return& (%) |
18.95 | 18.90 | 21.46 | 18.96 | 39.80 |
Benchmark Return (Tier-1)& (%) |
17.36 | 17.93 | 21.42 | 20.62 | 43.09 |
Benchmark Return (Tier-2)& (%) |
16.76 | 17.24 | 20.29 | 19.42 | 40.50 |
Add. Benchmark Return& (%) |
16.30 | 16.59 | 18.35 | 16.84 | 30.46 |
& 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 | 12.97% |
| Beta | 0.90 |
| R Squared | 0.96 |
| Sharpe Ratio#: | 1.00 |
| Information Ratio | -0.17 |
| Portfolio Turnover Ratio | 0.95 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 December, 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.
*Pursuant to notice cum addendum no. 62/2023, the name of the schemes has been changed with effect from December 15, 2023.