• Mutual Funds
  • Mirae Asset Mutual Fund
  • Mirae Asset Tax Saver Fund (PIDCW-A)

Formerly Mirae Asset ELSS Tax Saver Reg IDCW-P

Mirae Asset Mutual Fund

Mirae Asset Tax Saver Fund (PIDCW-A)

EquityTax Saving
Top Ranked

21.078

NAV (Nov 30)

16.3%
5 Year CAGR
Scripbox Opinion
Top Ranked
Mirae Asset Tax Saver Fund (PIDCW-A) 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).

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

Our analysis of this fundLearn how we rate funds ->

Fund Size

Category Leader

The fund has been a Category Leader on the Fund Size metric

Outperformance Consistency

Category Leader

The fund has been a Category Leader on the Outperformance Consistency metric

Invest in this fund
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

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

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
1.61
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

Neelesh Surana

Fund Manager

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
Mirae Asset Tax Saver Fund (PIDCW-A)70%11,01,654 3,69,04216.3%
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.

Asset allocation and Holdings

Last updated on 2023-11-30

Top Stock Holdings

hdfc bank ltd

9.6%
9.6%

icici bank ltd

6.6%
6.6%

state bank of india

5%
5%

reliance industries ltd

3.9%
3.9%

infosys ltd

3.4%
3.4%
See all holdings

Allocation by Sector

financial services

35%
35%

consumer cyclical

13.1%
13.1%

basic materials

10%
10%

industrials

9.4%
9.4%

technology

8.8%
8.8%
See all sectors

Comparison with Equity Funds

Fund NameFund SizeOutperformance Consistency
HDFC Large and Mid Cap Fund (G)
HDFC Large and Mid Cap Fund (G)

₹ 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

Mirae Asset Investment Managers (India) Private Limited manages assets worth 137,720 crores and was set up on 20 November 2006. It's current offering of mutual fund schemes includes 35 equity,48 debt and 9 hybrid funds.amc-img
022-67800300
customercare@miraeasset.com
Fund NameScripbox 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)?

Mirae Asset Tax Saver Fund (PIDCW-A) is a Tax Saving Equity scheme predominantly investing across Equity instruments with an investment objective to generate wealth over the long term.

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.