Mutual Funds

Mirae Asset Tax Saver Fund

Fund Objectives

This 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.

Benefits

  • Lower Expense ratio
  • Consistent performer

Investment Risk

Moderately High

Fund Portfolio

Top 10 Holdings (As on 30th September 2019)

HDFC Bank Ltd                                    10.01%

ICICI Bank Ltd                                        6.34%

Reliance Industries Ltd                        5.08%

State Bank of India                              4.61%

ITC Ltd                                                    4.29%

Axis Bank Ltd                                        3.98%

Larsen and Toubro Ltd                        3.69%

Tata Consultancy Services Ltd            3.64%

IndusInd Bank Ltd                                 3.41%

Infosys Ltd                                              3.25%

Top 5 Sectoral Breakup (As on 30th September 2019)

Banks                                                                             29.75%

Computers- Software                                                 7.72%

Refineries/ Marketing                                                6.9%

Engineering/ Designing/ Construction                  5.94%

Pharmaceuticals                                                         5.87%

Fund Performance

Performance (As on 18th October 2019)

Period Absolute Return Annualized Return Category Average
1 M 5.46%   5.80%
3 M -0.75%   -0.67%
6 M 0.17%   -3.12%
1 Y 14.22% 14.22% 7.40%
3 Y 52.00% 14.98% 8.26%
Since Inception 87.19% 17.91% 9.23%

Strategy

It provides Flexibility to invest across market capitalization, theme and investment styles. It has a diversified portfolio of strong growth companies at reasonable price. The investment approach is bottoms up approach: driven by value investing, in growth-oriented businesses.

Key Stats

Minimum Investment Lumpsum – 500

Minimum Lumpsum – 500

Asset Size -2670 Cr

Exit Load – NA

Category – ELSS (Multi-Cap)

Fund Type – Open Ended

AMC View

Mirae Asset Mutual Fund has AUM of Rs 34477 Crores and is currently holding 19 Lakh folios. It has a monthly SIP book of Rs 417 Crores. Mirae Asset Tax Saver Fund is an open ended ELSS Fund with a 3-year lock in period. The fund aims to invest in equity and equity related instruments across market capitalization, themes and investment styles with an aim to generate long term appreciation and provide tax savings under section 80C of the Income Tax Act.

Tarrakki list of top 10 funds to invest.

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