Mirae Asset Tax Saver Fund -Regular Plan-Growth

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

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 17.53% 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 & Infosys.

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%.