Mirae Asset ELSS Tax Saver Fund -Regular Plan-Growth
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- Rating 3
- Plan
- 5D
- 1M
- 6M
- 1Y
- 5Y
- MAX
Key Metrics
- AUM (in Cr)22620.57
- CAGR 38.05%
- Exit Load0.00%
- Expense ratio1.58%
- CategoryEquity
- Min Investment500
- Min SIP500
- Launch Date2015-12-28
Asset Allocation
Holdings As On - 10 July 2024
- Name
- Value (Cr)
- Holding %
- HDFC Bank
- 1844.74
- 8.16%
- ICICI Bank
- 1051.76
- 4.65%
- Reliance Industries
- 1031.60
- 4.56%
- State Bank Of India
- 886.30
- 3.92%
- Axis Bank
- 858.43
- 3.79%
- Infosys
- 815.17
- 3.60%
- Kotak Mahindra Bank
- 803.77
- 3.55%
- Larsen & Toubro
- 798.38
- 3.53%
- ITC
- 535.47
- 2.37%
- Tata Consultancy Services
- 431.79
- 1.91%
Peer Comparison
Risk & Volitility
- Alpha 4.84%
- Beta 0.99
- Sharpe Ratio0.87
- Std Deviation 11.83%
- 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 ELSS Tax Saver Fund -Regular Plan-Growth has an AUM of 22620.57 crores & has delivered CAGR of 21.62% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 1.58%. The minimum investment in Mirae Asset ELSS 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, Reliance Industries & State Bank Of India.
The major sectors where the fund is invested are Regional Banks, Software & Programming, Biotechnology & Drugs & Oil & Gas Operations.
Some of the similar funds are SBI Long Term Equity Fund Regular Growth, Mirae Asset ELSS Tax Saver Fund -Regular Plan-Growth, Axis ELSS Tax Saver Fund Growth, Aditya Birla Sun Life ELSS Tax Saver Growth, Aditya Birla Sun Life ELSS Tax Saver (ELSS U/S 80C of IT ACT) Growth (LSP). Mirae Asset ELSS Tax Saver Fund -Regular Plan-Growth has a sharpe ratio of 0.87 & a standard deviation of 11.83%.
