Mirae Asset ELSS Tax Saver Fund Direct-IDCW
(Scheme Rating)
NAV as of Jan 14, 2025
29.891.29%
(Earn upto 0.95% Extra Returns with Direct Plan)
Fund Category:
Equity: ELSS
Expense Ratio:
0.62%(0.86% Category
average)Fund Size:
Rs. 25,021.22 Cr(10.38% of Investment in Category)
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Mirae Asset ELSS Tax Saver Fund Direct-IDCW
(Scheme Rating)
NAV as of Jan 14, 2025
29.891.29%
Expense Ratio:
0.62%
Fund Size:
Rs. 25,021.22 Cr
Fund Category:
Equity: ELSS
1. Current NAV: The Current Net Asset Value of the Mirae Asset ELSS Tax Saver Fund - Direct Plan as of Jan 14, 2025 is Rs 29.89 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 13.87% (1yr), 13.0% (3yr), 19.99% (5yr) and 19.72% (since launch). Whereas, Category returns for the same time duration are: 15.650992970810526% (1yr), 14.002285355064219% (3yr) and 18.362698374794842% (5yr).
3. Fund Size: The Mirae Asset ELSS Tax Saver Fund - Direct Plan currently holds Assets under Management worth of Rs 25315.1555 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.61% for Direct plan as on Dec 31, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 500.
Mirae Asset ELSS Tax Saver Fund Direct-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -9.38 -8.72 -5.84 10.12 11.73 19.28 Category Avg -8.86 -9.22 -6.32 11.25 12.50 17.60 Rank within Category 27 18 23 24 23 12 No. of funds within Category 38 38 38 38 33 33 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY 200 Total Return Index
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Mirae Asset ELSS Tax Saver Fund Direct-IDCW Fund Details
Investment Objective - The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | Dec 28, 2015 |
| Benchmark | NIFTY 200 Total Return Index |
| Return Since Launch | 19.38% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | Average |
| Return Grade | Average |
Mirae Asset ELSS Tax Saver Fund Direct-IDCW Investment Details
| Minimum Investment (Rs.) | 500.00 |
| Minimum Additional Investment (Rs.) | 500.00 |
| Minimum SIP Investment (Rs.) | 500.00 |
| Minimum Withdrawal (Rs.) | 500.00 |
| Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
| DEC 2024 | NOV 2024 | OCT 2024 | SEP 2024 | AUG 2024 | JUL 2024 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 91 | 90 | 87 | 87 | 84 | 83 |
| Top 5 Company Holdings | 26.0% | 26.04% | 25.9% | 25.11% | 25.02% | 25.15% |
| Top 10 Company Holdings | 38.54% | 38.78% | 38.54% | 37.07% | 37.34% | 38.83% |
| Company with Highest Exposure | HDFC Bank (8.37%) | HDFC Bank (8.21%) | HDFC Bank (8.2%) | HDFC Bank (7.88%) | HDFC Bank (7.86%) | HDFC Bank (8.01%) |
| Number of Sectors | 17 | 17 | 17 | 17 | 17 | 17 |
| Top 3 Sector Holdings | 47.89% | 48.63% | 48.39% | 47.42% | 47.62% | 47.28% |
| Top 5 Sector Holdings | 62.76% | 62.16% | 62.07% | 61.9% | 61.8% | 63.59% |
| Sector with Highest Exposure | Financial (27.6%) | Financial (27.7%) | Financial (28.01%) | Financial (27.36%) | Financial (27.46%) | Financial (28.14%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 7.88 18.20 90.45 -0.63 Axis Bank Financial 5.04 11.65 90.23 -6.34 State Bank of India Financial 4.13 9.33 80.18 15.14 Infosys Technology 4.05 29.89 64.90 21.67 ICICI Bank Financial 4.01 18.05 68.72 22.55 Larsen & Toubro Construction 3.24 35.20 98.36 -2.93 Kotak Mahindra Bank Financial 2.4 15.75 111.13 -5.17 Tata Consultancy Technology 2.33 31.41 134.78 10.52 Reliance Industries Energy 2.06 24.68 50.19 -9.55 Delhivery Services 1.93 - - -
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Mirae Asset ELSS Tax Saver Fund Direct-IDCW 29.89 25,021.22 -8.21 11.51 12.13 19.48 Quant ELSS Tax Saver Fund Direct-IDCW 50.36 10,512.81 -7.68 4.20 14.54 30.85 SBI Long Term Equity Fund Direct Plan-IDCW 109.98 27,791.08 -6.61 20.99 21.64 23.60 Motilal Oswal ELSS Tax Saver Fund Direct-IDCW 40.24 4,414.88 -10.41 30.03 22.74 22.92 Kotak ELSS Tax Saver Fund Direct-IDCW 53.44 6,218.85 -8.70 16.17 14.55 19.41
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
12.82VS13.36Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
0.92VS0.91Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
0.73VS0.86Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
10.06VS12.70Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
0.70VS2.98Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
15.27VS17.37Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Mirae Asset Mutual Fund News
Fund Manager
- N.S.Neelesh SuranaSince Nov 20151 schemes
Mr. Surana is B.E (Mechanical) and MBA in Finance. Prior to joining Mirae Asset AMC he has worked with ASK Investment Managers Pvt Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Large & Midcap Fund Direct-IDCW Large & MidCap 84.21 38,335.26 7.49
More Mirae Asset Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Mirae Asset Large Cap Fund Direct- Growth | 39,554.76 | -1.39 | -6.92 | 0.72 | 14.24 | 11.92 | |
| Mirae Asset Large & Midcap Fund Direct-Growth | 38,680.34 | -0.93 | -6.83 | -0.47 | 16.67 | 14.96 | |
| Mirae Asset ELSS Tax Saver Fund Direct-Growth | 25,315.16 | -1.01 | -5.93 | 1.49 | 18.35 | 15.57 | |
| Mirae Asset Midcap Fund Direct - Growth | 16,695.39 | 0.06 | -6.50 | 0.65 | 20.39 | 20.45 | |
| Mirae Asset Liquid Fund Direct- Growth | 15,672.78 | 0.60 | 1.78 | 3.60 | 7.46 | 6.50 | |
| Mirae Asset Aggressive Hybrid Fund Direct-Growth | 9,054.40 | -1.04 | -5.15 | 1.75 | 15.36 | 13.07 | |
| Mirae Asset Focused Fund Direct - Growth | 8,286.63 | -0.04 | -3.52 | 7.46 | 17.97 | 9.75 | |
| Mirae Asset Great Consumer Fund Direct-Growth | 4,156.07 | 0.04 | -10.16 | 3.33 | 19.83 | 20.67 | |
| Mirae Asset Multicap Fund Direct - Growth | 3,437.28 | -0.64 | -4.98 | 1.33 | 18.70 | - | |
| Mirae Asset Arbitrage Fund Direct - Growth | 3,061.15 | 0.74 | 2.00 | 3.82 | 8.29 | 7.01 |
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1. Mirae Asset ELSS Tax Saver Fund - Direct Plan is Open-ended ELSS Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Dec 28, 2015.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. "
2. It is benchmarked against NIFTY 200 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.3491606% in equities, 0.000014% in debts and 0.65082479% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 37.07% of the assets, the top 3 sectors constitute around 48.629999999999995% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Mirae Asset ELSS Tax Saver Fund Direct-IDCW
1. Short-term Capital Gain Tax - STCG is not applicable on ELSS schemes since these have a lock-in period of 3 years.
2. Investment into ELSS schemes qualify for tax deduction under Section 80C of the Indian Income Tax Act.
3. Gains of more than Rs. 1 lakh after completion of 3 years will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about Mirae Asset ELSS Tax Saver Fund Direct-IDCW
- Is it safe to invest in Mirae Asset ELSS Tax Saver Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset ELSS Tax Saver Fund - Direct Plan comes under Very High risk category.
- What is the category of Mirae Asset ELSS Tax Saver Fund - Direct Plan?Mirae Asset ELSS Tax Saver Fund - Direct Plan belongs to the Equity : ELSS category of funds.
- How Long should I Invest in Mirae Asset ELSS Tax Saver Fund - Direct Plan?The suggested investment horizon of investing into Mirae Asset ELSS Tax Saver Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Mirae Asset ELSS Tax Saver Fund - Direct Plan?The Mirae Asset ELSS Tax Saver Fund - Direct Plan is managed by Neelesh Surana (Since Nov 20, 2015).
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