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
-0.25 (-0.8516%)
16.12%
Benchmark: 15.94%
PERFORMANCE
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
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
PORTFOLIO
Market Cap Distribution
Small Cap
8.62%
Others
1.99%
Large Cap
71.98%
Mid Cap
17.44%
Scheme Documents
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
