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Business News/Market/Market Stats/    Mirae Asset Tax Saver Fund -Regular Plan-Growth

Mirae Asset Tax Saver Fund -Regular Plan-Growth

+
  • 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

Morning Star Rating 4

Moderate
Risk
Exceptional
Return

Asset Allocation

Holdings As On - 08 December 2023

  • Name
  • Value (Cr)
  • Holding %
View More

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%.

FAQs about Mirae Asset Tax Saver Fund -Regular Plan-Growth

According to the morning star rating Mirae Asset Tax Saver Fund -Regular Plan-Growth has a Moderate risk & Exceptional return.
Mirae Asset Tax Saver Fund -Regular Plan-Growth is managed by Neelesh Surana.
The expense ratio of Mirae Asset Tax Saver Fund -Regular Plan-Growth is 1.61%.
The 5 year annualized return on Mirae Asset Tax Saver Fund -Regular Plan-Growth is 18.65% & it has generated 18.69% in the last 1 year.
The minimum investment in Mirae Asset Tax Saver Fund -Regular Plan-Growth is 500 Rs.
Mirae Asset Tax Saver Fund -Regular Plan-Growth has an AUM of 17630.50 crores.
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