Insights of Mirae Asset Tax Saver Fund

Mutual Fund

Mirae Asset Tax Saver Fund is an open ended equity ELSS fund. It was launched on December 28, 2015. The investment objective of this fund is to generate long term wealth by investing in a diversified portfolio of mainly in equity related securities. 

Mirae Asset Tax Saver Fund invests in companies which have high return ratios with a strong business models and a sustainable competitive advantage. You enjoy the benefit of earning a high return with adjusted risk management by investing in Mirae Asset Tax Saver Fund growth plan. You can easily invest in this mutual fund for tax saving up to Rs. 1.5 lakhs. The minimum investment for Mirae Asset Tax Saver Fund sip mode is Rs. 500 which do not put pressure on your monthly budget.

Mirae Asset Tax Saver Fund Facts

  • Mirae Asset Tax Saver Fund portfolio includes 91.53% in equity stock investment out of which 70.21% in large cap, 15.48% in mid cap and 5.83% in small cap stocks.
  • The minimum lock-in period of Mirae Asset Tax Saver Fund growth scheme is 3 years. 
  • You can invest in Mirae Asset Tax Saver mutual fund scheme online to build a healthy corpus as well as save tax.
  • Mirae Asset Tax Saver Fund growth option and Mirae Asset Tax Saver Fund dividend plan both are available. The dividend option is further categorized as Dividend Payout Option.
  • Mirae Asset Tax Saver Fund has been successful in generating a return of 22.26% last 3 years.

Top 5 Sectors of Mirae Asset Tax Saver Fund

S.No. Holding Name Net Assets (in %)
1 Bank – Private 21.47
2 IT – Software 8.17
3 Miscellaneous 7.89
4 Refineries 5.96
5 Pharmaceuticals and Drugs 5.27

(as on date- 10/04/2019)

Top 10 Holdings of Mirae Asset Tax Saver Fund

S.No. Holding Name Net Assets (in %)
1 HDFC Bank Limited 7.76
2 ICICI Bank Limited 5.28
3 Reliance Industries Limited 4.8
4 Net Receivables / (Payables) 4.26
5 Axis Bank Limited 4.23
6 Larsen & Toubro Limited 3.68
7 Tri Party Repo 3.63
8 Infosys Limited 3.23
9 Tata Consultancy Services Limited 3.12
10 State Bank of India 3.1

(as on date- 10/04/2019)

Details of Mirae Asset Tax Saver Fund

Date of Inception- 28th December, 2015

Fund Manager- Mr. Neelesh Surana

Benchmark- S&P BSE 200 

Riskometer- Moderately High

Return Since Launch- 18.61%

AUM- Rs. 1839.36 crore (as on 31st Mar, 2019)

Mirae Asset Tax Saver Fund performance is shown in the below mentioned table-

  1-Year 3-Year 5-Year 10-Year
Fund 8.11 22.26
S&P BSE 200 TRI 8.17 16.63
Category 0.48 14.13
Rank within Category 2 1
Number of funds in category 36 34
As on Apr 10, 2019

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