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 ELSS Tax Saver Fund only growth and IDCW payout option are available. |
| Monthly Average AUM (₹ Cr.) as on June 30, 2024 | 23,671.198 |
| Net AUM (₹ Cr.) | 24,345.83 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on June 30, 2024 |
Regular Plan: 1.56% Direct Plan: 0.57% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 51.524 | ₹ 46.007 |
| IDCW | ₹ 30.589 | ₹ 26.249 |
| New Position Bought |
| Stock |
| Auto Components |
| Apollo Tyres Limited |
| Capital Markets |
| Multi Commodity Exchange of India Limited |
| Finance |
| L&T Finance Limited |
| Positions Increased |
| Stock |
| Automobiles |
| Maruti Suzuki India Limited |
| Tata Motors Limited |
| Banks |
| Axis Bank Limited |
| Construction |
| Larsen & Toubro Limited |
| Diversified FMCG |
| Hindustan Unilever Limited |
| Diversified Metals |
| Vedanta Limited |
| Electrical Equipment |
| Avalon Technologies Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Finance |
| Power Finance Corporation Limited |
| SBI Cards and Payment Services Limited |
| Insurance |
| Go Digit General Insurance Limited |
| IT - Software |
| Infosys Limited |
| Tata Consultancy Services Limited |
| Oil |
| Oil & Natural Gas Corporation Limited |
| Petroleum Products |
| Bharat Petroleum Corporation Limited |
| Pharmaceuticals & Biotechnology |
| Dr. Reddy's Laboratories Limited |
| Gland Pharma Limited |
| Laurus Labs Limited |
| Retailing |
| FSN E-Commerce Ventures Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Indus Towers Limited |
| Textiles & Apparels |
| Arvind Limited |
| Transport Services |
| InterGlobe Aviation Limited |
| Positions Decreased |
| Stock |
| Auto Components |
| Bharat Forge Limited |
| Automobiles |
| Eicher Motors Limited |
| Mahindra & Mahindra Limited |
| Banks |
| ICICI Bank Limited |
| Kotak Mahindra Bank Limited |
| Capital Markets |
| HDFC Asset Management Company Limited |
| Cement & Cement Products |
| Ambuja Cements Limited |
| Chemicals & Petrochemicals |
| Chemplast Sanmar Limited |
| Vinati Organics Limited |
| Consumer Durables |
| Titan Company Limited |
| Diversified FMCG |
| ITC Limited |
| Fertilizers & Agrochemicals |
| Paradeep Phosphates Limited |
| Finance |
| Fusion Micro Finance Limited |
| LIC Housing Finance Limited |
| Financial Technology (Fintech) |
| PB Fintech Limited |
| Gas |
| Gujarat State Petronet Limited |
| Healthcare Services |
| Fortis Healthcare Limited |
| Industrial Products |
| SKF India Limited |
| IT - Software |
| LTIMindtree Limited |
| Leisure Services |
| Sapphire Foods India Limited |
| Non - Ferrous Metals |
| Hindalco Industries Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Pharmaceuticals & Biotechnology |
| Aurobindo Pharma Limited |
| Cipla Limited |
| Divi's Laboratories Limited |
| Retailing |
| Zomato Limited |
| Portfolio Holdings | % Allocation |
Banks |
|
HDFC Bank Ltd |
8.33% |
Axis Bank Ltd |
4.98% |
ICICI Bank Ltd |
4.39% |
State Bank of India |
3.72% |
Kotak Mahindra Bank Ltd |
2.54% |
Utkarsh Small Finance Bank Ltd |
0.55% |
IT - Software |
|
Infosys Ltd |
4.10% |
Tata Consultancy Services Ltd |
2.09% |
Wipro Ltd |
1.84% |
HCL Technologies Limited |
0.58% |
LTIMindtree Limited |
0.26% |
Pharmaceuticals & Biotechnology |
|
Laurus Labs Limited |
1.80% |
Gland Pharma Limited |
1.56% |
Dr. Reddy's Laboratories Ltd |
1.45% |
Aurobindo Pharma Ltd |
1.08% |
Sun Pharmaceutical Industries Ltd |
0.49% |
Cipla Limited |
0.29% |
Divi's Laboratories Ltd |
0.00% |
Consumer Durables |
|
Crompton Greaves Consumer Electricals Limited |
1.80% |
Greenply Industries Limited |
0.97% |
Bata India Limited |
0.94% |
Campus Activewear Limited |
0.60% |
Kajaria Ceramics Ltd |
0.58% |
Whirlpool of India Limited |
0.33% |
Titan Company Ltd |
0.02% |
Petroleum Products |
|
Reliance Industries Ltd |
4.13% |
Bharat Petroleum Corporation Limited |
0.71% |
Finance |
|
SBI Cards and Payment Services Limited |
1.10% |
LIC Housing Finance Limited |
1.06% |
Power Finance Corporation Ltd |
0.90% |
L&T Finance Limited |
0.59% |
Mahindra & Mahindra Financial Services Limited |
0.52% |
Fusion Micro Finance Limited |
0.15% |
Transport Services |
|
Delhivery Limited |
1.69% |
InterGlobe Aviation Limited |
1.46% |
Gateway Distriparks Limited |
0.46% |
Construction |
|
Larsen & Toubro Ltd |
3.39% |
Auto Components |
|
Bharat Forge Limited |
1.16% |
CEAT Limited |
1.15% |
NRB Bearing Limited |
0.75% |
Apollo Tyres Limited |
0.28% |
Telecom - Services |
|
Bharti Airtel Ltd |
2.13% |
Indus Towers Limited |
1.00% |
Automobiles |
|
Tata Motors Limited |
1.90% |
Eicher Motors Ltd |
0.57% |
Maruti Suzuki India Ltd |
0.46% |
Mahindra & Mahindra Limited |
0.15% |
Retailing |
|
FSN E-Commerce Ventures Limited |
1.67% |
Zomato Limited |
0.80% |
Diversified FMCG |
|
ITC Ltd |
1.48% |
Hindustan Unilever Ltd |
0.94% |
Healthcare Services |
|
Apollo Hospitals Enterprise Limited |
1.74% |
Fortis Healthcare Limited |
0.62% |
Industrial Products |
|
SKF India Limited |
0.76% |
Prince Pipes And Fittings Limited |
0.59% |
Timken India Limited |
0.54% |
Chemicals & Petrochemicals |
|
SRF Limited |
0.89% |
Vinati Organics Ltd |
0.47% |
Chemplast Sanmar Limited |
0.45% |
Insurance |
|
ICICI Prudential Life Insurance Company Limited |
1.14% |
Go Digit General Insurance Limited |
0.60% |
Cement & Cement Products |
|
Ambuja Cements Limited |
1.23% |
JK Cement Limited |
0.50% |
Grasim Industries Ltd |
0.00% |
Diversified Metals |
|
Vedanta Limited |
1.50% |
Ferrous Metals |
|
Tata Steel Ltd |
1.49% |
Power |
|
NTPC Ltd |
1.42% |
Capital Markets |
|
HDFC Asset Management Company Limited |
1.08% |
Multi Commodity Exchange of India Limited |
0.24% |
Realty |
|
Prestige Estates Projects Limited |
1.26% |
Oil |
|
Oil & Natural Gas Corporation Limited |
0.97% |
Gas |
|
Gujarat State Petronet Limited |
0.81% |
Financial Technology (Fintech) |
|
One 97 Communications Limited |
0.69% |
PB Fintech Limited |
0.07% |
Textiles & Apparels |
|
Arvind Limited |
0.57% |
Beverages |
|
United Spirits Limited |
0.57% |
Aerospace & Defense |
|
Bharat Electronics Ltd |
0.53% |
Industrial Manufacturing |
|
Tega Industries Limited |
0.47% |
Commercial Services & Supplies |
|
TeamLease Services Limited |
0.45% |
Electrical Equipment |
|
Avalon Technologies Limited |
0.44% |
Leisure Services |
|
Sapphire Foods India Limited |
0.42% |
Fertilizers & Agrochemicals |
|
Paradeep Phosphates Limited |
0.41% |
Non - Ferrous Metals |
|
Hindalco Industries Limited |
0.01% |
Equity Holding Total |
98.79% |
Cash & Other Receivables |
1.21% |
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 | 35.82% |
17.87% |
20.62% |
19.64% |
46,007 |
| Scheme Benchmark* (Tier-1) | 38.67% |
19.99% |
19.78% |
16.65% |
37,109 |
| Scheme Benchmark* (Tier-2) | 35.79% |
18.99% |
18.67% |
16.19% |
35,873 |
| Additional Benchmark** | 23.69% |
16.07% |
16.36% |
15.38% |
33,793 |
| NAV as on 30th June, 2024 | ₹ 46.007 | ||||
| Index Value (30th June, 2024) | Index Value of Scheme benchmark is 35,506.97 / 17,860.19 and BSE Sensex (TRI) is 1,21,991.93 | ||||
| Allotment Date | 28th December, 2015 | ||||
| Scheme Benchmark | *Tier-1-Nifty 500 (TRI) Tier-2-Nifty 200 (TRI) | ||||
| Additional Benchmark | **BSE Sensex (TRI)## | ||||
Fund manager : Mr. Neelesh Surana managing the scheme since 28th December, 2015
Note: Returns for 1 year and below 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 |
Since inception |
10,20,000 |
24,85,965 |
7 Years |
8,40,000 |
17,58,634 |
5 Years |
6,00,000 |
10,86,685 |
3 Years |
3,60,000 |
5,05,940 |
1 Year |
1,20,000 |
1,44,280 |
Returns (%) |
Period |
||||
Since inception |
7 Years |
5 Years |
3 Years |
1 Year |
|
Fund Return& (%) |
20.26 |
20.78 |
24.05 |
23.51 |
40.18 |
Tier-1-Nifty 500 (TRI)& (%) |
19.03 |
20.37 |
24.76 |
25.50 |
43.24 |
Tier-2-Nifty 200 (TRI)& (%) |
18.31 |
19.46 |
23.39 |
24.00 |
41.07 |
BSE Sensex (TRI)& (%)## |
16.80 |
17.34 |
19.54 |
18.67 |
28.92 |
& 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 | 12.32% |
| Beta | 0.89 |
| R Squared | 0.96 |
| Sharpe Ratio#: | 0.89 |
| Information Ratio | -0.81 |
| Portfolio Turnover Ratio | 1.13 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 30th June, 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.
##Change in name of additional benchmark with effect from June 01, 2024.