Mirae Asset Tax Saver Fund Direct Growth-1.35%

5Groww
-3.33%
1 Year Return
Equity
ELSS
5.0 star
6M
1Y
3Y
All

Fund Details

Mirae Asset Tax Saver Fund Direct Growth

RiskModerately High
Min SIP Amount₹500
Expense Ratio0.30%
NAV18.31 (13 Oct 2019)
Fund Started27 Dec 2015
Fund Size2,465 Cr

Fund Overview

Quick overview of Mirae Asset Tax Saver Fund Direct Growth

Returns

1Y
3Y*
5Y*
Since inception*
Mirae Asset Tax Saver Fund Direct Growth
-3.3%
14.1%
NA
16.6%
Category Average
NA
NA
NA
-
Rank within category
NA
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    Estimated Value
    as per Historical Returns
    30
    with -3.3% annual returns

    Comparison

    Data not available
    Pros
    1. Risk-adjusted returns are higher compared to the category
    2. Risk is lower compared to the benchmark
    3. Exit load is zero
    Cons
    1. Age is less than 5 years

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.Financial ServicesEquity8.6%
    Reliance Industries Ltd.EnergyEquity5.0%
    ICICI Bank Ltd. Financial ServicesEquity4.8%
    Axis Bank Ltd.Financial ServicesEquity4.1%
    Kotak Mahindra Bank Ltd.Financial ServicesEquity4.0%
    Tata Consultancy Services Ltd.ITEquity3.7%
    State Bank of IndiaFinancial ServicesEquity3.5%
    Larsen & Toubro Ltd.ConstructionEquity3.1%
    Tata Steel Ltd.MetalsEquity3.1%
    Maruti Suzuki India Ltd.AutomobileEquity2.8%
    See All

    Fund Managers

    addNeelesh Surana
    Education
    Mr. Surana is B.E (Mechanical) and MBA in Finance.
    Experience
    Prior to joining Mirae AMC he has worked with ASK Investment Managers Pvt Ltd.
    Funds Managed

    Other Details

    Mirae Asset Tax Saver Fund Direct Growth is a Equity Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was introduced to investors on 27 Dec 2015. Neelesh Surana is the Current Fund Manager of Mirae Asset Tax Saver Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹2,465 Cr and the Latest NAV as of 13 Oct 2019 is ₹18.31.

    The Mirae Asset Tax Saver Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 500. Nil.

    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.

    Tax Implications

    Scheme Information Document(SID)

    ₹500
    Min for First Investment
    ₹500
    Min for Second Investment
    Nil
    Exit Load

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    About Mirae Asset Mutual Fund

    Address
    Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), MUMBAI 400098
    Phone
    022-67800300
    Launch Date
    29 Nov 2007
    Mirae Asset Mutual Fund
    Asset Management Company
    Custodian
    Deutsche Bank
    Registrar & Transfer Agent
    Karvy
    Address
    NA
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