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  • Mirae Asset Tax Saver Fund (Growth)
Mirae Asset Mutual Fund

Mirae Asset Tax Saver Fund (Growth)

EquityTax Saving

Recommended

Top Ranked

31.914

NAV (Oct 25)

20.5%
5 Year CAGR
Scripbox Opinion

Recommended

Mirae Asset Tax Saver Fund (Growth) is recommended for investment within tax saving mutual funds.

Tax saving funds provides tax saving with inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).

Our analysis of this fundLearn how we rate funds ->

Track Record

6 Years. The fund has Relatively moderate history for analysis. We recommend funds with longer history.

Relative Size

9,832 Cr. Category leader in size

Category View

Superior. The category has a superior investment outlook

Consistency Of Performance

Consistently Good. The fund has performed well consistently over a period of time

Invest in this fund
Invest in this fund as part of a scientific Scripbox plan. Explore the plan below.
Tax Saver Plan

Tax Saver Plan

Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.

  • graph-icon-gray
    Historical growth rate of 12% per annum
  • graph-icon-gray
    Recommended Duration > 5 years
  • graph-icon-gray
    3 Years
  • graph-icon-gray
    Save Tax

No single fund can achieve what a plan can. Learn why

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Historical NAV

31.914

NAV (Oct 25)

Fund Returns

Last 1Y
60%
Last 3Y
27.4%
Last 5Y
20.5%
Last 10Y
NA
Since Inception
22%
6 Month CAGR
27.8%
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Scheme Information

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.

Low

Low to Moderate

Moderate

Moderately High

High

Very High

risk-indicator-arrow.svg

Very High Risk

Expense Ratio
1.66
Launched (6y ago)
Dec 28, 2015
AUM in Crores
9831.968
ISIN
INF769K01DK3
Lock-in
3
Benchmark
IISL Nifty 200 TR INR
SIP Minimum
500
Lumpsum Min.
500
Fund Managers
user-avatar

Neelesh Surana

Fund Manager

calculator

Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 9,65,796 ₹ 2,33,18411.25%
EPF70% ₹ 9,00,761 ₹ 1,68,1498.50%
Property70% ₹ 8,67,662 ₹ 1,35,0507.00%
PPF70% ₹ 8,69,819 ₹ 1,37,2077.10%
Bank FD70% ₹ 8,46,471 ₹ 1,13,8596.00%
Gold70% ₹ 8,46,471 ₹ 1,13,8596.00%
Savings Bank70% ₹ 8,25,950 ₹ 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

build-long-item-wealth-img

Tax Saver Plan

Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.

  • Inflation beating returns
    Inflation beating returns
  • Save Tax
    Save Tax
  • One click investing  tracking
    One click investing tracking
comparison

Comparison with Equity Funds

Fund NameScripbox OpinionFund SizeTrack Record

SBI Focused Equity Fund (G)

recommended-badge

₹ 20,371 cr

5

recommended-badge

₹ 5,357 cr

5

recommended-badge

₹ 5,218 cr

5

recommended-badge

₹ 3,953 cr

5

recommended-badge

₹ 3,346 cr

5

amc-icon

About the AMC

Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset Investment Managers (India) Private Limited manages assets worth 95,366 crores and was set up on 20 November 2006. It's current offering of mutual fund schemes includes 29 equity,36 debt and 9 hybrid funds.

amc-img

  • tel-amc-about
    022-67800300
  • mail-amc-about
    customercare@miraeasset.com
  • Fund NameScripbox Opinion
    Till Date CAGR
    recommended-badge

    27.4%

    22%

    recommended-badge

    22%

    16.7%

    top-ranked-badge

    26.6%

    21.6%

    top-ranked-badge

    20.5%

    16.4%

    top-ranked-badge

    20.5%

    16.4%

    growth

    Tax Saver Plan

    Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.

    • graph-icon-gray
      Historical growth rate of 12% per annum
    • graph-icon-gray
      Recommended Duration > 5 years
    • graph-icon-gray
      3 Years
    • graph-icon-gray
      Save Tax
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Mirae Asset Tax Saver Fund (Growth)

    Mirae Asset Tax Saver Fund (Growth)

    Equity

    Tax Saving

    Canara Robeco Equity Taxsaver fund (Growth)

    Canara Robeco Equity Taxsaver fund (Growth)

    Equity

    Tax Saving

    How does Scripbox rate funds?

    Proprietary 4-step system to rate mutual funds

    We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

    What Scripbox recommendations mean?
    Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Sub-asset Class View

    Sub-asset Class View

    We check if the sub-category of the fund is recommended by us.

    Fund Performance

    Fund Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Impact of Interest Rates

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

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    01

    Choose a plan

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    02

    Create an Account

    Create an account with Scripbox through a paperless process, to invest in this fund.

    03

    Invest online & transfer

    Invest via netbanking, UPI or through an SIP (eNACH mandate).

    04

    Track your investments

    Track, invest more and withdraw your investments through the Scripbox dashboard

    TRUST

    1. 4100+Crores
    2. 2500+Cities
    3. 7200+Customers
    We manage to deliver better strategies to people who trust us.

    We thrive on trust. You don’t need to just take our word for it! Get started with your wealth creation without worry.

    testimonial image
    Investing has helped me dream bigger for my life
    Dr. Shraddha BahirwaniSr. Dental Consultant

    Mirae Asset Tax Saver Fund- Growth is an open-ended equity-linked savings scheme with a mandatory lock-in period of 3 years and a tax deduction. An equity-linked savings scheme provides long-term capital appreciation and growth along with tax saving under Direct Taxes. The fund maintains a diversified portfolio of strong companies at reasonable prices across different industries and sectors. The fund follows an investment strategy of investing across market capitalization, theme, and investment styles. The scheme follows a bottom-up investment approach which is driven by value investing in growth and appreciation-focused business models. 

    As of 1st July 2021, the fund has invested 98.26% of its assets in equity securities and 1.74% of its assets in other instruments. Moreover, of its 98.26% of equity holdings the fund has an investment of 71.30% in large-cap companies. Due to the nature of the fund, the lock-in period is 3 years. Hence, an investor seeking long-term growth and tax saving may consider investing in this fund. The fund is managed by Mr. Neelesh Surana

    Mirae Asset Tax Saver Fund- Growth 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 Mirae Asset Tax Saver Fund- Growth provides a dual benefit of long-term growth and tax savings. The fund predominantly invests its corpus in equity and equity-linked securities to ensure the growth of capital. An investor can claim a tax deduction of up to Rs 1.5 lakh under section 80C of the Income Tax Act, 1961 by investing in ELSS. 

    The fund focuses on investing in companies that have delivered visible and sustainable earning growth in the long term. The AMC follows selection criteria which are based on a company’s large market opportunity, sustainable competitive advantages, ROI, and corporate governance & thought leadership.

    Mirae Asset Tax Saver Fund- Growth Scheme Details

    On 28th December 2015, Mirae Asset Mutual Fund had launched Mirae Asset Tax saver Fund-Growth. With an existence of over 6 years, the fund continues to provide growth opportunities as well as capital appreciation.

    NAV and Returns – The NAV of the fund as of 1st July 2021 is Rs 103.91. The risk-o-meter of the fund is very high risk. Hence, an investor must understand that their principal amount of investment will be at very high risk. Since its inception, Mirae Asset Taxsaver Fund-Growth has delivered a return of 20.60%.

    Minimum Investment – For a SIP investment, the fund mandates a minimum SIP investment of Rs 500. To make a lump sum investment an investor must invest a minimum amount of Rs 500.

    Expense Ratio and Exit Load – The fund charges an expense ratio of 2.14% on the units of the mutual funds at the NAV. The fund does not charge an exit load.

    Fund Manager – Since its inception, the fund is managed by Mr. Neelesh Surana. Mr. Neelesh Surana comes with a wide experience of 26 years in equity research and portfolio management. Currently, Mr. Surana is the Chief Investment Officer at Mirae Asset Investment Managers (India) Private Limited. Being the Chief Investment Officer, Mr. Surana leads the research and fund management function

    Other Details – Being an ELSS fund, the fund has a mandatory 3 year lock-in period from the date on which investment is made. Any redemption of any units of the fund is not allowed during this 3 year lock-in period. As of 1st July 2021, the AUM of Mirae Asset Taxsaver Fund- Growth is Rs 7,940 cr. The fund benchmarks to IISL Nifty 200 TR INR and aims to beat the benchmark through a bottom-up investment approach and selection of large-cap companies.

    1 Year Return66.40%
    3 Years Return20.50%
    5 Years Return21%
    Returns Updated as of 1st July 2021

    Mirae Asset Taxsaver Fund- Growth Top Stock Holdings

    The Mirae Asset Taxsaver Fund-Growth has invested its assets majorly in the stocks of the following companies:

    CompanyPercentage of Holding (As of 1st July 2021)
    HDFC Bank Limited8.10%
    ICICI Bank Limited7.20%
    Infosys Limited6.30%
    Axis Bank Limited4.70%
    Tata Consultancy Services Limited3.80%
    State Bank of India3.60%

    Asset Allocation of Mirae Asset Taxsaver Fund- Growth

    The Mirae Asset Taxsaver Fund-Growth has invested in the following sectors:

    SectorPercentage of Holding (As of 1st July 2021)
    Financial Services37.20%
    Basic Materials12.40%
    Technology11.10%
    Consumer Cyclical8.70%
    Healthcare6.60%
    Industrials6.50%
    Consumer Defensive5%
    Energy3.50%
    Communication Services3.10%
    Utilities1.80%

    Mirae Asset Taxsaver Fund- Growth Review

    Mirae Asset Taxsaver Fund-Growth is recommended by Scripbox within the equity-linked tax saving mutual fund category. Equity-Linked Tax saving mutual funds are designed to help you save taxes while offering the opportunity for growth and appreciation in line with equity returns.  

    1. With an existence of over 8 years, the fund has a relatively moderate history for analysis of the fund. 
    2. With an AUM or relative size of Rs 7,940 cr, the fund is a leader w.r.t. size within the tax-saving mutual fund’s category.
    3. Over a period of time, the funds performed well by providing benchmark beating returns. 

    How Scripbox Algorithmically Selects Mutual Funds?

    Scripbox uses time-tested principles, historical data, and valid assumptions about asset classes. We combine them with a rigorous process to finalize which asset classes make the most sense for specific types of objectives, considering the time needed to achieve them.

    Once we select an asset class, our algorithm goes to work to select the best financial products.

    The algorithm scores financial products on multiple parameters, giving relevant weights to each of the listed parameters, such as:

    • Track record of the product – how long has it been around?
    • Assets under management – how big is it – for example, the size of a mutual fund
    • Liquidity – how easy is it to move in or out of the product?
    • Consistency of performance – how much have the returns fluctuated?
    • The risk associated with the product – what risks impact the product?
    • Quality of underlying assets – we assess how risky the underlying assets are – for example, by considering bond ratings in the case of debt funds

    With such a scientific and detailed approach Scripbox ensures:

    • Bias free product selection – commissions don’t sway our decisions
    • Minimal human intervention and thus minimal impact of emotions and behavioral biases
    • Consideration of the maximum number of factors that can impact an investment product
    • Application of logic to investment product selection 

    Our investment product selection science helps us help you, without biases clouding the evaluation.

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