Mirae Asset Tax Saver Fund-Regular Plan-Growth

Fund House: Mirae Asset Mutual Fund
Category: Equity: ELSS
Launch Date: 02-12-2015
Asset Class: Equity
Benchmark: NIFTY 500 TRI
Expense Ratio: 1.71% As on (31-01-2023)
Status: Open Ended Schemes
Minimum Investment: 500.0
Minimum Topup: 500.0
Total Assets: 14,043.25 Cr As on (28-02-2023)
Turn over: 78% | Exit Load: Nil

29.591

16.12%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
-
vs
NIFTY 50 TRI
-
Gold
-
PPF
-
Returns Type:
of  
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
4 Years 11 Months
There is no value for 4x
There is no value for 5x
There is no value for 10x
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment Objective

The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.

Current Asset Allocation (%)

Indicators

Standard Deviation 22.62
Sharpe Ratio 0.72
Alpha 0.94
Beta 0.99
Yield to Maturity -
Average Maturity -

PEER COMPARISON

Scheme Name Inception
Date
1 Year
Return(%)
2 Year
Return(%)
3 Year
Return(%)
5 Year
Return(%)
10 Year
Return(%)
Mirae Asset Tax Saver Fund-Regular Plan-Growth 02-12-2015 -1.75 8.65 33.68 13.94 -
HDFC Taxsaver - Growth Plan 05-03-1996 8.52 16.52 34.54 9.59 13.33
SBI Long Term Equity Fund - Regular Plan- Growth 31-03-1993 6.64 13.17 33.96 11.14 13.97
Motilal Oswal Long Term Equity Fund (MOFLTE) - Regular Plan - Growth Option 05-01-2015 5.88 9.55 28.42 8.5 -
Taurus Taxshield - Regular Plan - Growth 31-03-1996 5.53 10.93 27.98 9.79 12.77
Parag Parikh Tax Saver Fund- Regular Growth 05-07-2019 5.14 15.18 35.2 - -
ITI Long Term Equity Fund - Regular Plan - Growth Option 18-10-2019 3.37 3.44 25.81 - -
Franklin India Taxshield-Growth 05-04-1999 2.53 11.16 33.53 10.46 14.19
Kotak Tax Saver-Scheme-Growth 01-11-2005 2.17 12.09 31.95 13.17 14.93
Quantum Tax Saving Fund - Regular Plan Growth Option 01-04-2017 1.52 7.53 29.72 8.43 -

Scheme Characteristics

Minimum investment in equity & equity related instruments - 80% of total assets (in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance).

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Small Cap

8.62%

Others

1.99%

Large Cap

71.98%

Mid Cap

17.44%

Scheme Documents

Factsheet for February 2023

Tax Benefits of investing in this fund

Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months#

Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months.

Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) **

# Capital gain accrued up to January 31st 2018 is exempt from LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018. ** The DDT is to be paid by the mutual fund

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