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Mirae Asset Tax Saver Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (21-Nov-24)
₹50.98-0.64%1D
Returns (Since Inception)
20.08%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹24,896 Cr
Expense Ratio
0.61%
ISIN
INF769K01DM9
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
28 Dec 2015
About this fund
Mirae Asset Tax Saver Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 8 years, 10 months and 25 days, having been launched on 28-Dec-15.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹50.98, Assets Under Management (AUM) of 24895.71 Crores, and an expense ratio of 0.61%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹50.98, Assets Under Management (AUM) of 24895.71 Crores, and an expense ratio of 0.61%.
- Mirae Asset Tax Saver Fund Direct Growth has given a CAGR return of 20.08% since inception.
- The fund's asset allocation comprises around 99.11% in equities, 0.00% in debts, and 0.89% in cash & cash equivalents.
- You can start investing in Mirae Asset Tax Saver Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+26.21%
+27.83% (Cat Avg.)
3 Years
+13.66%
+14.94% (Cat Avg.)
5 Years
+20.84%
+19.25% (Cat Avg.)
Since Inception
+20.08%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Equity | ₹24,673.04 Cr | 99.11% |
| Others | ₹222.66 Cr | 0.89% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹2,041.55 Cr | 8.20% |
| Axis Bank Ltd | Equity | ₹1,205.53 Cr | 4.84% |
| State Bank of India | Equity | ₹1,135.14 Cr | 4.56% |
| ICICI Bank Ltd | Equity | ₹1,063.77 Cr | 4.27% |
| Infosys Ltd | Equity | ₹1,003.48 Cr | 4.03% |
| Larsen & Toubro Ltd | Equity | ₹878.71 Cr | 3.53% |
| Tata Consultancy Services Ltd | Equity | ₹670.36 Cr | 2.69% |
| Kotak Mahindra Bank Ltd | Equity | ₹630.79 Cr | 2.53% |
| Reliance Industries Ltd | Equity | ₹491.02 Cr | 1.97% |
| Bharti Airtel Ltd | Equity | ₹477.88 Cr | 1.92% |
| Tata Steel Ltd | Equity | ₹443.55 Cr | 1.78% |
| One97 Communications Ltd | Equity | ₹428.38 Cr | 1.72% |
| Tata Motors Ltd | Equity | ₹427.99 Cr | 1.72% |
| Delhivery Ltd | Equity | ₹426.25 Cr | 1.71% |
| Glenmark Pharmaceuticals Ltd | Equity | ₹389.79 Cr | 1.57% |
| Gland Pharma Ltd | Equity | ₹388.86 Cr | 1.56% |
| Ambuja Cements Ltd | Equity | ₹381.2 Cr | 1.53% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹372.36 Cr | 1.50% |
| Zomato Ltd | Equity | ₹368.35 Cr | 1.48% |
| FSN E-Commerce Ventures Ltd | Equity | ₹367.06 Cr | 1.47% |
| ITC Ltd | Equity | ₹359.15 Cr | 1.44% |
| SRF Ltd | Equity | ₹345.72 Cr | 1.39% |
| Wipro Ltd | Equity | ₹342.75 Cr | 1.38% |
| SKF India Ltd | Equity | ₹334.99 Cr | 1.35% |
| Go Digit General Insurance Ltd | Equity | ₹331.3 Cr | 1.33% |
| Gujarat State Petronet Ltd | Equity | ₹308.47 Cr | 1.24% |
| Vedanta Ltd | Equity | ₹301.13 Cr | 1.21% |
| Power Finance Corp Ltd | Equity | ₹270.55 Cr | 1.09% |
| Aurobindo Pharma Ltd | Equity | ₹268.65 Cr | 1.08% |
| Tata Power Co Ltd | Equity | ₹267.54 Cr | 1.07% |
| GAIL (India) Ltd | Equity | ₹262.95 Cr | 1.06% |
| InterGlobe Aviation Ltd | Equity | ₹261.87 Cr | 1.05% |
| Greenply Industries Ltd | Equity | ₹258.99 Cr | 1.04% |
| Multi Commodity Exchange of India Ltd | Equity | ₹257.19 Cr | 1.03% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹253.57 Cr | 1.02% |
| Ola Electric Mobility Ltd | Equity | ₹252.54 Cr | 1.01% |
| Mahindra & Mahindra Ltd | Equity | ₹248.96 Cr | 1.00% |
| Ceat Ltd | Equity | ₹246.07 Cr | 0.99% |
| Maruti Suzuki India Ltd | Equity | ₹245.6 Cr | 0.99% |
| Bharat Petroleum Corp Ltd | Equity | ₹244.29 Cr | 0.98% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹235.42 Cr | 0.95% |
| Jindal Steel & Power Ltd | Equity | ₹228.28 Cr | 0.92% |
| PB Fintech Ltd | Equity | ₹221.18 Cr | 0.89% |
| Asian Paints Ltd | Equity | ₹212.41 Cr | 0.85% |
| LIC Housing Finance Ltd | Equity | ₹204.14 Cr | 0.82% |
| Bata India Ltd | Equity | ₹200.96 Cr | 0.81% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹199.52 Cr | 0.80% |
| Bharat Electronics Ltd | Equity | ₹197.82 Cr | 0.79% |
| Cyient Ltd | Equity | ₹188.14 Cr | 0.76% |
| Whirlpool of India Ltd | Equity | ₹180.1 Cr | 0.72% |
| L&T Finance Ltd | Equity | ₹155.79 Cr | 0.63% |
| CarTrade Tech Ltd | Equity | ₹153.84 Cr | 0.62% |
| Prestige Estates Projects Ltd | Equity | ₹152.05 Cr | 0.61% |
| Sapphire Foods India Ltd | Equity | ₹151.01 Cr | 0.61% |
| Titan Co Ltd | Equity | ₹144.62 Cr | 0.58% |
| Oil & Natural Gas Corp Ltd | Equity | ₹143.12 Cr | 0.57% |
| Syngene International Ltd | Equity | ₹140.18 Cr | 0.56% |
| Arvind Ltd | Equity | ₹139.57 Cr | 0.56% |
| Treps | Cash - Repurchase Agreement | ₹133.77 Cr | 0.54% |
| Hindalco Industries Ltd | Equity | ₹128.04 Cr | 0.51% |
| Utkarsh Small Finance Bank Ltd | Equity | ₹125.31 Cr | 0.50% |
| HCL Technologies Ltd | Equity | ₹122.93 Cr | 0.49% |
| Tega Industries Ltd | Equity | ₹121.22 Cr | 0.49% |
| Kajaria Ceramics Ltd | Equity | ₹121.09 Cr | 0.49% |
| Vinati Organics Ltd | Equity | ₹120.16 Cr | 0.48% |
| NRB Bearings Ltd | Equity | ₹117.51 Cr | 0.47% |
| Avalon Technologies Ltd | Equity | ₹116.69 Cr | 0.47% |
| Apollo Tyres Ltd | Equity | ₹114.71 Cr | 0.46% |
| SBI Cards and Payment Services Ltd Ordinary Shares | Equity | ₹106.61 Cr | 0.43% |
| Timken India Ltd | Equity | ₹104.77 Cr | 0.42% |
| Fortis Healthcare Ltd | Equity | ₹102.07 Cr | 0.41% |
| Prince Pipes And Fittings Ltd Ordinary Shares | Equity | ₹101.27 Cr | 0.41% |
| Gateway Distriparks Ltd | Equity | ₹95.99 Cr | 0.39% |
| Campus Activewear Ltd | Equity | ₹95.34 Cr | 0.38% |
| General Insurance Corp of India | Equity | ₹89.28 Cr | 0.36% |
| Net Receivables / (Payables) | Cash | ₹88.89 Cr | 0.36% |
| NTPC Ltd | Equity | ₹53.33 Cr | 0.21% |
| Gujarat Gas Ltd | Equity | ₹52.93 Cr | 0.21% |
| National Aluminium Co Ltd | Equity | ₹45.46 Cr | 0.18% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹44.49 Cr | 0.18% |
| Afcons Infrastructure Ltd | Equity | ₹40 Cr | 0.16% |
| P N Gadgil Jewellers Ltd | Equity | ₹39.68 Cr | 0.16% |
| Motherson Sumi Wiring India Ltd | Equity | ₹38.25 Cr | 0.15% |
| HDFC Asset Management Co Ltd | Equity | ₹33.6 Cr | 0.13% |
| LTIMindtree Ltd | Equity | ₹14.83 Cr | 0.06% |
| Grasim Industries Ltd | Equity | ₹10.99 Cr | 0.04% |
| Eicher Motors Ltd | Equity | ₹5.77 Cr | 0.02% |
| United Spirits Ltd | Equity | ₹4.22 Cr | 0.02% |
| Hindustan Unilever Ltd | Equity | ₹3.34 Cr | 0.01% |
| Divi's Laboratories Ltd | Equity | ₹0.7 Cr | 0.00% |
| Dr Reddy's Laboratories Ltd | Equity | ₹0.04 Cr | 0.00% |
| Mirae Asset Liquid Dir Gr | Mutual Fund - Open End | ₹0 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
62.56%
Mid Cap Stocks
19.50%
Small Cap Stocks
15.71%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹8,125.31 Cr | 32.64% |
| Consumer Cyclical | ₹3,910.29 Cr | 15.71% |
| Industrials | ₹2,872.11 Cr | 11.54% |
| Technology | ₹2,699.42 Cr | 10.84% |
| Basic Materials | ₹2,475.93 Cr | 9.95% |
| Healthcare | ₹1,570.2 Cr | 6.31% |
| Utilities | ₹945.21 Cr | 3.80% |
| Energy | ₹878.43 Cr | 3.53% |
| Communication Services | ₹677.39 Cr | 2.72% |
| Consumer Defensive | ₹366.71 Cr | 1.47% |
| Real Estate | ₹152.05 Cr | 0.61% |
Risk & Performance Ratios
Standard Deviation
This fund
12.97%
Cat. avg.
13.29%
Lower the better
Sharpe Ratio
This fund
0.72
Cat. avg.
0.78
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.39
Higher the better
Fund Managers
Neelesh Surana
Since December 2015
Additional Scheme Detailsas of 31st October 2024
ISIN INF769K01DM9 | Expense Ratio 0.61% | Exit Load No Charges | Fund Size ₹24,896 Cr | Age 8 years 10 months | Lumpsum Minimum ₹500 | Fund Status Open Ended Investment Company | Benchmark Nifty 500 TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar ELSS (Tax Savings) Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata India Tax Savings Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹4680.10 Cr | 27.8% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4680.10 Cr | 26.4% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹36533.13 Cr | 23.7% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4273.94 Cr | 26.8% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4273.94 Cr | 25.4% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹54.03 Cr | 22.8% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹54.03 Cr | 20.8% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹388.48 Cr | 31.4% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹388.48 Cr | 29.1% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1559.54 Cr | 17.6% |
About the AMC
Mirae Asset India Mutual Fund
Total AUM
₹1,99,057 Cr
Address
Unit No. 606, 6th Floor, Mumbai, 400 098
Other Funds by Mirae Asset India Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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We're here to help.
What is the current NAV of Mirae Asset Tax Saver Fund Direct Growth?
The NAV of Mirae Asset Tax Saver Fund Direct Growth, as of 21-Nov-2024, is ₹50.98.
What are the returns of Mirae Asset Tax Saver Fund Direct Growth?
The fund has generated 26.21% over the last 1 year and 13.66% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Mirae Asset Tax Saver Fund Direct Growth?
The fund's allocation of assets is distributed as 99.11% in equities, 0.00% in bonds, and 0.89% in cash and cash equivalents.
Who manages the Mirae Asset Tax Saver Fund Direct Growth?
The fund managers responsible for Mirae Asset Tax Saver Fund Direct Growth are:-
- Neelesh Surana
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.