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

Mirae Asset Tax Saver Fund (Growth)

EquityTax Saving

Recommended

Top Ranked

28.523

NAV (May 23)

15.4%
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

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

Relative Size

11,963 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

Scripbox Recommended Tax Saving Fund

Save tax combined with inflation beating long term growth. Invest in Scripbox Recommended Tax Saver Funds to unlock the best of both worlds - tax saving and long term wealth creation.?

Learn more

Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

28.523

NAV (May 23)

Fund Returns

Last 1Y

6.4%

Last 3Y

17.8%

Last 5Y

15.4%

Last 10Y

NA

Since Inception

17.8%

6 Month CAGR

-9.4%

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.

Expense Ratio

1.64

Launched (7y ago)

Dec 28, 2015

AUM in Crores

11962.664

ISIN

INF769K01DK3

Lock-in

3

Benchmark

IISL Nifty 500 TR INR

SIP Minimum

500

Lumpsum Min.

500

Fund Managers

Neelesh Surana

Fund Manager

Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%965,796 233,18411.25%
EPF70% 900,761 168,1498.50%
Property70% 867,662 135,0507.00%
PPF70% 869,819 137,2077.10%
Bank FD70% 846,471 113,8596.00%
Gold70% 846,471 113,8596.00%
Savings Bank70% 825,950 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.

Asset allocation and Holdings

Last updated on 2022-05-23

Top Stock Holdings

hdfc bank ltd

7.3%
7.3%

reliance industries ltd

6.6%
6.6%

icici bank ltd

6.5%
6.5%

infosys ltd

6.1%
6.1%

axis bank ltd

4%
4%
See all holdings
allocation by market cap

Allocation by Sector

financial services

35.4%
35.4%

technology

12.4%
12.4%

basic materials

9.4%
9.4%

energy

8.1%
8.1%

consumer cyclical

7.7%
7.7%
See all sectors

Comparison with Equity Funds

Fund NameScripbox OpinionFund SizeTrack Record
Nippon India Value Fund (G)
Nippon India Value Fund (G)

₹ 4,388 cr

5

₹ 13,113 cr

5

₹ 13,113 cr

5

₹ 4,388 cr

5

₹ 4,388 cr

5

About the AMC

Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset Investment Managers (India) Private Limited manages assets worth 101,554 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

  • 022-67800300
  • customercare@miraeasset.com
  • Fund NameScripbox Opinion
    Till Date CAGR

    17.8%

    17.8%

    16.9%

    17.3%

    18.7%

    20.1%

    27.5%

    20.3%

    18.9%

    20.1%

    Investment Calculator

    Investment Duration5 years

    0

    Total Investment

    0

    Wealth Gained

    0

    Total Corpus Created (₹)

    With CAGR of 11.25 % in 5 years

    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 capitalisation, 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 3rd April 2022, the fund has invested 99.6% of its assets in equity securities and 0.4% of its assets in other instruments. Moreover, of its 99.6% of equity holdings the fund has a major investment 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.

    Investment Objective of Mirae Asset Tax Saver Fund (Growth)

    The scheme aims to provide long-term capital appreciation from a diversified portfolio. The dynamic diversification is maintained through equity and equity-related instruments across different sectors, market capitalization, and companies.

    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.

    Scheme Details of Mirae Asset Tax Saver Fund (Growth)

    On 28th December 2015, Mirae Asset Mutual Fund had launched Mirae Asset Tax saver Fund-Growth. With an existence of over 7 years, the fund continues to provide growth opportunities as well as capital appreciation.

    • NAV and Returns – The NAV of the fund as of 3rd April 2022 is Rs 30.92. 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 Tax saver Fund-Growth has delivered a return of 19.80%.
    • 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 1.80% 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 has been 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 3rd April 2022, the AUM of Mirae Asset Tax saver Fund- Growth is Rs 10,802.014 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.

    Growth Review

    Mirae Asset Tax Saver 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.  

    The fund holds a good rank on the basis of average 1 year rolling return – 23.69% and average 3 years rolling return – 20.91%. Returns were calculated based on 1 year and 3 years rolling returns rolled monthly for the last 4 years. Trailing returns have a recency bias and point to point returns are specific to the period in consideration. Rolling returns, on the other hand, measures the fund’s absolute and relative performance across all timescales, without bias. The fund is ranked 2 based on the quarterly outperformance count in the category. Out of 16 quarters the fund has outperformed the category average 12 times.

    The fund has the highest information ratio in the category. The information ratio is used to evaluate the skill of a portfolio manager at generating returns more than a given benchmark. With the AUM value of 10802.01 Cr. The fund is in the top 5 in the category.

    1. With an existence of over 7 years, the fund has a relatively moderate history for analysis of the fund. 
    2. With an AUM or relative size of Rs 10,802.014 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. 

    Fund Performance

    Annualised Returns

    PeriodReturns
    5 Years18.10%
    3 Years20.50%
    1 Years20.40%
    The above mentioned data is as of 3rd April 2022

    Performance Ratio

    Standard Deviation21.60%
    Portfolio Beta1
    Treynor’s Ratio0.17
    Sharpe Ratio0.8
    The above mentioned data is as of 3rd April 2022

    Asset Allocation

    Asset Allocation as per Asset Type

    Asset Allocation as per Asset Type (Equity vs Debt)Weightage
    Equity99.60%
    Debt & Cash0.40%
    The above mentioned data is as of 3rd April 2022

    Asset Allocation As per Sector

    SectorPercentage of Holding
    Financial Services35.50%
    Technology14.80%
    Basic Materials9.80%
    Consumer Cyclical7.90%
    Industrials7.70%
    Energy7%
    Healthcare6.70%
    Consumer Defensive5%
    Others4.40%
    The above mentioned data is as of 3rd April 2022

    Frequently Asked Questions

    Should I invest in Mirae Asset Tax Saver Fund (Growth)?

    Mirae Asset Tax Saver Fund (Growth) is a better investment option for an investor whose aim is to create wealth and appreciation. The fund is best suited for an investment period of minimum 5 years. Moreover, due to the lock-in period of 3 years the investor cannot withdraw before the maturity of the scheme. Hence, the fund is not suitable for a short term goal. Additionally, ELSS provides a tax benefit up to Rs 1.5 lakhs in a financial year. However, the tax benefit must not be sole criteria while evaluating the suitability of the scheme.

    What is the risk profile of Mirae Asset Tax Saver Fund (Growth)?

    Mirae Asset Tax Saver Fund (Growth) has a risk meter of very high risk. Hence, before investing an investor must understand that the principal amount will be at a very high risk.

    What is the expense ratio on Mirae Asset Tax Saver Fund (Growth)?

    The expense ratio on Mirae Asset Tax Saver Fund (Growth) for a regular plan is 1.80%. The expense ratio for the direct plan is 0.55%.

    Discover More Funds

    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 capitalisation, 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 3rd April 2022, the fund has invested 99.6% of its assets in equity securities and 0.4% of its assets in other instruments. Moreover, of its 99.6% of equity holdings the fund has a major investment 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.

    Investment Objective of Mirae Asset Tax Saver Fund (Growth)

    The scheme aims to provide long-term capital appreciation from a diversified portfolio. The dynamic diversification is maintained through equity and equity-related instruments across different sectors, market capitalization, and companies.

    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.

    Scheme Details of Mirae Asset Tax Saver Fund (Growth)

    On 28th December 2015, Mirae Asset Mutual Fund had launched Mirae Asset Tax saver Fund-Growth. With an existence of over 7 years, the fund continues to provide growth opportunities as well as capital appreciation.

    • NAV and Returns – The NAV of the fund as of 3rd April 2022 is Rs 30.92. 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 Tax saver Fund-Growth has delivered a return of 19.80%.
    • 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 1.80% 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 has been 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 3rd April 2022, the AUM of Mirae Asset Tax saver Fund- Growth is Rs 10,802.014 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.

    Growth Review

    Mirae Asset Tax Saver 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.  

    The fund holds a good rank on the basis of average 1 year rolling return – 23.69% and average 3 years rolling return – 20.91%. Returns were calculated based on 1 year and 3 years rolling returns rolled monthly for the last 4 years. Trailing returns have a recency bias and point to point returns are specific to the period in consideration. Rolling returns, on the other hand, measures the fund’s absolute and relative performance across all timescales, without bias. The fund is ranked 2 based on the quarterly outperformance count in the category. Out of 16 quarters the fund has outperformed the category average 12 times.

    The fund has the highest information ratio in the category. The information ratio is used to evaluate the skill of a portfolio manager at generating returns more than a given benchmark. With the AUM value of 10802.01 Cr. The fund is in the top 5 in the category.

    1. With an existence of over 7 years, the fund has a relatively moderate history for analysis of the fund. 
    2. With an AUM or relative size of Rs 10,802.014 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. 

    Fund Performance

    Annualised Returns

    PeriodReturns
    5 Years18.10%
    3 Years20.50%
    1 Years20.40%
    The above mentioned data is as of 3rd April 2022

    Performance Ratio

    Standard Deviation21.60%
    Portfolio Beta1
    Treynor’s Ratio0.17
    Sharpe Ratio0.8
    The above mentioned data is as of 3rd April 2022

    Asset Allocation

    Asset Allocation as per Asset Type

    Asset Allocation as per Asset Type (Equity vs Debt)Weightage
    Equity99.60%
    Debt & Cash0.40%
    The above mentioned data is as of 3rd April 2022

    Asset Allocation As per Sector

    SectorPercentage of Holding
    Financial Services35.50%
    Technology14.80%
    Basic Materials9.80%
    Consumer Cyclical7.90%
    Industrials7.70%
    Energy7%
    Healthcare6.70%
    Consumer Defensive5%
    Others4.40%
    The above mentioned data is as of 3rd April 2022

    Frequently Asked Questions

    Should I invest in Mirae Asset Tax Saver Fund (Growth)?

    Mirae Asset Tax Saver Fund (Growth) is a better investment option for an investor whose aim is to create wealth and appreciation. The fund is best suited for an investment period of minimum 5 years. Moreover, due to the lock-in period of 3 years the investor cannot withdraw before the maturity of the scheme. Hence, the fund is not suitable for a short term goal. Additionally, ELSS provides a tax benefit up to Rs 1.5 lakhs in a financial year. However, the tax benefit must not be sole criteria while evaluating the suitability of the scheme.

    What is the risk profile of Mirae Asset Tax Saver Fund (Growth)?

    Mirae Asset Tax Saver Fund (Growth) has a risk meter of very high risk. Hence, before investing an investor must understand that the principal amount will be at a very high risk.

    What is the expense ratio on Mirae Asset Tax Saver Fund (Growth)?

    The expense ratio on Mirae Asset Tax Saver Fund (Growth) for a regular plan is 1.80%. The expense ratio for the direct plan is 0.55%.

    Discover More Funds