1M
6M
1Y
3Y
5Y
All
| NAV: 24 Mar 2023 | ₹32.72 |
| Min. SIP amount | ₹500 |
| Rating | 5 |
| Fund size | ₹14,043.25Cr |
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Returns and rankings
Category: Equity ELSS
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | -0.6% | 35.5% | 15.5% | 17.8% |
| Category average | -0.4% | 29.8% | 10.3% | NA |
| Rank with in category | 26 | 5 | 3 | NA |
Understand terms
Holdings (62)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 8.5% |
| ICICI Bank Ltd. | Financial | Equity | 7.3% |
| Reliance Industries Ltd. | Energy | Equity | 6.7% |
| Infosys Ltd. | Technology | Equity | 4.8% |
| Axis Bank Ltd. | Financial | Equity | 4.7% |
| State Bank of India | Financial | Equity | 3.5% |
| Larsen & Toubro Ltd. | Construction | Equity | 3.1% |
| Bharti Airtel Ltd. | Communication | Equity | 2.8% |
| HCL Technologies Ltd. | Technology | Equity | 2.8% |
| Housing Development Finance Corporation Ltd. | Financial | Equity | 2.6% |
See All
Pros and cons
Category: Equity ELSS
Pros
Cons
3Y and 5Y annualised returns higher than category average
1Y annualised returns lower than category average by 0.21%
Higher alpha: 1.79
The fund has generated returns higher than benchmark - NIFTY 500 Total Return Index - in the last 3Y
Lock-in period: 3Y
Exit load is zero
Lower expense ratio: 0.54%
Expense ratio, exit load and tax
Expense ratio: 0.54%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Understand terms
Check past data
Minimum investment amounts
| Min. for 1st investment | ₹500 |
| Min. for 2nd investment onwards | ₹500 |
| Min. for SIP | ₹500 |
Fund management
Neelesh SuranaNov 2015 - PresentView details
Neelesh Surana
Nov 2015 - Present
View details
Education
Mr. Surana is B.E (Mechanical) and MBA in Finance.
Experience
Prior to joining Mirae Asset AMC he has worked with ASK Investment Managers Pvt Ltd.
Also manages these schemes
Fund house & investment objective
Fund house contact details
Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Launch Date
26 Apr 2019
E-mail
[email protected]Website
NA
Mirae Asset Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]Website
www.karvymfs.comCompare funds
Mirae Asset Tax Saver Fund Direct Growth
VS
Add mutual fund to compare