Mirae Asset ELSS Tax Saver Fund - Regular Plan - Growth [42.264] | Mirae Asset Mutual Fund - Moneycontrol
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Mirae Asset ELSS Tax Saver Fund - Regular Plan - Growth

  • Regular
  • Direct
Category : ELSS
Fund House : Mirae Asset Mutual Fund
  • NAV
    : ₹ 42.264 0.28%
    (as on 15th May, 2024)
Crisil Rank
Below average performance among peers
Fund Size
: ₹ 22471.76 Cr
(10.01% of Investment in Category)
 Expense Ratio
: 1.57%
(1.78% Category average)
Risk-O-Meter
Very High

The fund has 98.32% investment in domestic equities of which 52.61% is in Large Cap stocks, 10.83% is in Mid Cap stocks, 6.28% in Small Cap stocks.

Suitable For : Investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. At the same time, these investors should also be ready for possibility of moderate losses in their investments and 3 year lock-in period.

This Scheme
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Returns (NAV as on 15th May, 2024)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 08-May-24 10001.90 0.02% - 0.37% 41/60
1 Month 15-Apr-24 10118.30 1.18% - 2.11% 47/61
3 Month 15-Feb-24 10486.80 4.87% - 4.47% 25/61
6 Month 15-Nov-23 11736.10 17.36% - 18.00% 31/61
YTD 01-Jan-24 10582.10 5.82% - 7.80% 42/61
1 Year 15-May-23 13184.00 31.84% 31.74% 36.57% 40/60
2 Year 13-May-22 15170.70 51.71% 23.06% 27.34% 45/56
3 Year 14-May-21 16394.70 63.95% 17.88% 21.42% 45/56
5 Year 15-May-19 25347.20 153.47% 20.42% 20.19% 22/54
Since Inception 28-Dec-15 42264.00 322.64% 18.75% 16.29% 15/59
Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 15th May, 2024)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 15-May-23 12000 13754.16 14.62 % 28.1 %
2 Year 13-May-22 24000 30526.64 27.19 % 25 %
3 Year 14-May-21 36000 47322.77 31.45 % 18.59 %
5 Year 15-May-19 60000 101880.95 69.8 % 21.31 %
SIP Calculator Detailed Returns Analysis
 

Tax Treatment

You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh in a financial year. Any cess/surcharge is not included. However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).

Portfolio (Updated on 30th Apr,2024)

Portfolio Turnover Ratio : 103.00%  |   Category average turnover ratio is 50.21%  
Fund manager updated portfolio more frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for shorter duration than peers)
Equity Holding : 98.32% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.32%
No of Stocks : 79 (Category Avg - 51.40) | Large Cap Investments : 52.61%| Mid Cap Investments : 10.83% | Small Cap Investments : 6.28% | Other : 28.63%

Top 10 Stocks in Portfolio

How to read this table?
Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
HDFC Bank Ltd. Private sector bank 18537.5 8.25% 0.03% 9.7% (Sep 2023) 7.59% (May 2023) 1.22 Cr 0.00
ICICI Bank Ltd. Private sector bank 10793 4.80% 0.03% 7.91% (Jul 2023) 4.63% (Feb 2024) 93.82 L 0.00
Reliance Industries Ltd. Refineries & marketing 10580 4.71% 0.93% 6.77% (May 2023) 3.48% (Sep 2023) 36.06 L 8.73 L
Kotak Mahindra Bank Ltd. Private sector bank 8985.6 4.00% 0.30% 4% (Apr 2024) 1.73% (May 2023) 55.33 L 10.85 L
State Bank Of India Public sector bank 8819.2 3.92% -0.50% 5.12% (Jul 2023) 3.92% (Apr 2024) 1.07 Cr -0.20 Cr
Axis Bank Ltd. Private sector bank 8192.3 3.65% 0.22% 3.74% (May 2023) 3.01% (Jun 2023) 70.27 L 0.00
Larsen & Toubro Ltd. Civil construction 7820.6 3.48% -0.33% 3.9% (Feb 2024) 3.07% (Sep 2023) 21.76 L 0.00
Infosys Ltd. Computers - software & consulting 6186.1 2.75% 0.01% 3.95% (May 2023) 2.74% (Mar 2024) 43.55 L 4.25 L
ITC Limited Diversified fmcg 5470.2 2.43% 0.50% 2.43% (Apr 2024) 1.06% (Jan 2024) 1.26 Cr 28.50 L
Delhivery Ltd. Logistics solution provider 4626.8 2.06% 0.10% 2.06% (Apr 2024) 1.07% (Sep 2023) 1.03 Cr 8.47 L
- indicates change in weight in the portfolio. # indicates a new entry.
Detailed Portfolio Analysis
Name Type of Instrument Weight (%)
TREPS TREPS 1.11%
Net Receivables Net Receivables 0.57%
MF Units MF Units 0.00%
Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th April, 2024)

  • Standard Deviation

    Low volatility
    11.5vs11.96
    Category Avg

  • Beta

    High volatility
    0.94vs0.91
    Category Avg

  • Sharpe Ratio

    Poor risk adjusted returns
    0.97vs1.17
    Category Avg

  • Treynor's Ratio

    Poor risk adjusted returns
    0.12vs0.16
    Category Avg

  • Jension's Alpha

    Poor risk adjusted returns
    -0.89vs2.44
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Quant ELSS Tax Saver Fund - Growth 4 9360.89 1.46 6.74 30.80 56.51 27.09
SBI Long Term Equity Fund - Regular Plan - Growth 5 23411.67 2.02 6.15 29.42 55.22 27.58
Motilal Oswal ELSS Tax Saver Fund - Growth 4 3402.11 4.50 10.14 28.67 53.43 25.95
Bank of India ELSS Tax Saver - Regular Plan - Growth 4 1297.72 3.11 7.40 28.43 52.31 24.97
ITI ELSS Tax Saver Fund - Growth 5 325.14 3.83 8.11 25.74 51.19 18.89
JM ELSS Tax Saver Fund - Growth 4 141.14 6.57 8.99 24.70 46.80 23.70
HDFC ELSS Tax saver - Growth 5 14474.85 2.69 4.86 22.92 42.57 26.74
Franklin India ELSS Tax Saver Fund - Growth 4 6383.38 1.38 3.83 19.60 40.51 22.30
Baroda BNP Paribas ELSS Tax Saver Fund - Regular Plan - Growth 3 880.80 3.07 6.70 22.13 40.37 18.12
WhiteOak Capital ELSS Tax Saver Fund - Regular Plan - Growth NA 212.34 3.22 5.82 18.87 40.27 0.00

More Funds from Mirae Asset Mutual Fund

Out of 71 mutual fund schemes offered by this AMC, 2 is/are ranked 4 * , 4 is/are ranked 3 * , 8 is/are ranked 2 * , 3 is/are ranked 1 * , and 54 schemes are not ranked. See more about AMC

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Mirae Asset Large Cap Fund - Regular - Growth 1 38060.19 -0.79 2.83 12.40 20.48 14.16
Mirae Asset Large & Midcap Fund - Growth 2 34974.46 0.07 4.55 18.47 35.79 18.32
Mirae Asset ELSS Tax Saver Fund - Regular Plan - Growth 2 22471.76 -0.35 5.17 18.29 31.82 17.79
Mirae Asset Midcap Fund - Regular Plan - Growth 3 15139.44 1.18 5.43 20.30 46.87 23.62
Mirae Asset Liquid Fund - Growth 3 9883.82 0.54 1.84 3.66 7.23 5.57
Mirae Asset Aggressive Hybrid Fund - Growth 2 8545.85 -0.56 2.68 12.26 21.63 13.76
Mirae Asset Focused Fund - Growth 1 8312.74 -3.97 -0.05 6.94 14.21 11.11
Mirae Asset Great Consumer Fund - Growth NA 3351.36 1.58 6.60 14.60 32.58 21.75
Mirae Asset Multicap Fund - Regular Plan - Growth NA 2683.33 -0.11 3.49 17.72 0.00 0.00
Mirae Asset Nifty 50 ETF (MAN50ETF) 4 2378.10 -1.18 1.94 14.65 22.60 16.12
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