Mirae Asset Tax Saver Fund -Regular Plan-Growth

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Equity
ELSS (Tax Savings)
Rating 4
Plan

38.25 +0.10 (0.27%) NAV as on 07 Dec, 2023

5D
1M
6M
1Y
5Y
MAX

Key Metrics

AUM (in Cr)17630.50
CAGR 18.69%
Exit Load0.00%
Expense ratio1.61%
CategoryEquity
Min Investment500
Min SIP500
Launch Date2015-12-28

Asset Allocation

Holdings As On - 08 December 2023

Holdings

Sectors

Name
Value (Cr)
Holding %

HDFC Bank
1687.63
9.63%

ICICI Bank
1150.50
6.56%

State Bank Of India
882.76
5.04%

Reliance Industries
687.66
3.92%

Infosys
601.37
3.43%

Larsen & Toubro
581.67
3.32%

Axis Bank
555.89
3.17%

NTPC
496.40
2.83%

HCL Technologies
493.90
2.82%

Bharti Airtel
428.71
2.45%

Peer Comparison

Fund Name
SBI Long Term Equity Fund Regular Growth30.41%
Mirae Asset Tax Saver Fund -Regular Plan-Growth18.69%
Axis Long Term Equity Fund Growth15.52%
Aditya Birla Sun Life ELSS Tax Relief 96 Growth13.03%
Aditya Birla Sun Life ELSS Tax Relief 96 (ELSS U/S 80C of IT ACT) Growth (LSP)13.03%

Risk & Volitility

Alpha 4.84%
Beta 0.99
Sharpe Ratio1.29
Std Deviation 13.43%
Tracking Error 3.17%

About Fund

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.

The Mirae Asset Tax Saver Fund -Regular Plan-Growth has an AUM of 17630.50 crores & has delivered CAGR of 18.65% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 1.61%. The minimum investment in Mirae Asset Tax Saver Fund -Regular Plan-Growth is Rs 500 and the minimum SIP is Rs 500.

As per morningstar the risk & return rating of the fund are Moderate & Exceptional respectively.

The top holdings of the fund include HDFC Bank, ICICI Bank, State Bank Of India & Reliance Industries.

The major sectors where the fund is invested are Regional Banks, Software & Programming, Biotechnology & Drugs & Misc. Fabricated Products.

Some of the similar funds are SBI Long Term Equity Fund Regular Growth, Mirae Asset Tax Saver Fund -Regular Plan-Growth, Axis Long Term Equity Fund Growth, Aditya Birla Sun Life ELSS Tax Relief 96 Growth, Aditya Birla Sun Life ELSS Tax Relief 96 (ELSS U/S 80C of IT ACT) Growth (LSP). Mirae Asset Tax Saver Fund -Regular Plan-Growth has a sharpe ratio of 1.29 & a standard deviation of 13.43%.