- Mutual Funds
- Mirae Asset Mutual Fund
- Mirae Asset Tax Saver Fund (PIDCW-A)
Formerly Mirae Asset ELSS Tax Saver Reg IDCW-P
Mirae Asset Tax Saver Fund (PIDCW-A)
₹ 21.078
NAV (Nov 30)
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).
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 21.078
NAV (Nov 30)
Fund Returns
Last 1Y | 12.4% |
Last 3Y | 18.1% |
Last 5Y | 16.3% |
Last 10Y | NA |
Since Inception | 17.3% |
6 Month CAGR | 12.6% |
Scheme Information
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 | 1.61 |
Launched (8y ago) | Dec 28, 2015 |
AUM in Crores | 17531.535 |
ISIN | INF769K01DL1 |
Lock-in | 3 |
Benchmark | IISL Nifty 500 TR INR |
SIP Minimum | 500 |
Lumpsum Min. | 500 |
Standard Deviation (3yr) | 13.7 |
Standard Deviation (5yr) | 18.7 |
Beta (3yr) | 0.92 |
Beta (5yr) | 0.98 |
Sharpe Ratio (3yr) | 1.05 |
Sharpe Ratio (5yr) | 0.617 |
YTM | 0 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Mirae Asset Tax Saver Fund (PIDCW-A) | 11,01,654 | 3,69,042 | 16.3% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 93,338 | 5.00% |
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
Top Stock Holdings
hdfc bank ltd
9.6%icici bank ltd
6.6%state bank of india
5%reliance industries ltd
3.9%infosys ltd
3.4%Allocation by Sector
financial services
35%consumer cyclical
13.1%basic materials
10%industrials
9.4%technology
8.8%Comparison with Equity Funds
| Fund Name | Fund Size | Outperformance Consistency |
|---|---|---|
₹ 11,883 cr | ||
₹ 11,693 cr | ||
₹ 17,531 cr | ||
₹ 10,182 cr | ||
₹ 9,101 cr |
About the AMC
Mirae Asset Global Inv (India) Pvt. Ltd
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
19.1% | 17.9% | ||
18.1% | 17.3% | ||
10.9% | 10.8% | ||
15.2% | 19.9% | ||
20.4% | 20.1% |
Mirae Asset Tax Saver Fund (PIDCW-A) Review
Mirae Asset Tax Saver Fund (PIDCW-A) is a Tax Saving Equity fund and has delivered an annualised return of 17.3% over a period of 7 years. The fund was previously known as Mirae Asset ELSS Tax Saver Reg IDCW-P. The fund is managed by Mirae Asset Investment Managers (India) Private Limited. The fund manager’s name is Neelesh Surana.
Nav of Mirae Asset Tax Saver Fund (PIDCW-A) as of 11/30/2023 is ₹21.08 with the total AUM as of 12/1/2023 is ₹17531.535. With Scripbox you can compare and check the latest nav for all mutual funds in India. Mirae Asset Tax Saver Fund (PIDCW-A) was launched on Dec 28, 2015. The category risk of the fund is Very High Risk.
The minimum SIP amount for Mirae Asset Tax Saver Fund (PIDCW-A) is ₹500 and you can increase this in multiples of ₹500. In case you want to invest a lump sum, the minimum amount to be invested is ₹500. Check your estimated returns on mutual funds by using sip calculator.
Mirae Asset Tax Saver Fund (PIDCW-A) is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to IISL Nifty 500 TR INR.
Mirae Asset Tax Saver Fund (PIDCW-A) is rated as a 5 fund in Equity and delivered 12.4% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Mirae Asset Tax Saver Fund (PIDCW-A).
Frequently Asked Questions
What is Mirae Asset Tax Saver Fund (PIDCW-A)?
How to invest in Mirae Asset Tax Saver Fund (PIDCW-A)?
You can invest in Mirae Asset Tax Saver Fund (PIDCW-A) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of Mirae Asset Tax Saver Fund (PIDCW-A)?
The minimum sip amount for Mirae Asset Tax Saver Fund (PIDCW-A) is ₹500. You can invest in multiples of ₹500.
Is Mirae Asset Tax Saver Fund (PIDCW-A) good to invest in?
As per Scripbox experts, Mirae Asset Tax Saver Fund (PIDCW-A) is a Top Ranked fund. You can investMirae Asset Tax Saver Fund (PIDCW-A) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the Mirae Asset Tax Saver Fund (PIDCW-A)?
The expense ratio of the Mirae Asset Tax Saver Fund (PIDCW-A) is 1.61% for regular plan.