Mirae Asset ELSS Tax Saver Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 51.306   0.42(0.825 %) NAV as on 19 Nov 2024
Prime Rating: 3 
Prime Recommendation: Upgrade to see

Fund type:
Equity
AUM (in crores):
₹ 24,895.71
Fund category:
Equity Linked Savings Scheme
Fund manager(s):
Neelesh Surana
Benchmark:
NIFTY 500 - TRI
Minimum investment:
₹ 500
Launch date:
28 Dec 2015
Min. additional investment:
₹ 500
Expense ratio:
0.61 %
Exit load:
N/A

Scheme Objective: 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


Performance (As on 19 Nov 2024)

6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme6.74 % 27.59 % 13.87 %21.01 % 20.17 %
NIFTY 5004.07 % 24.82 % 12.85 %17.77 % N/A

Portfolio

Top 10 stock holdings
Allocation (%)
HDFC Bank Limited
8.2%
Axis Bank Limited
4.84%
State Bank of India
4.56%
ICICI Bank Limited
4.27%
Infosys Limited
4.03%
Larsen & Toubro Limited
3.53%
Tata Consultancy Services Limited
2.69%
Kotak Mahindra Bank Limited
2.53%
Reliance Industries Limited
1.97%
Bharti Airtel Limited
1.92%

About this category

Tax-saving funds are equity funds that qualify for deductions under Section 80C of the Income Tax Act. These funds invest in stocks across market capitalisations, shifting allocations based on opportunities. These funds tend to be similar in terms of risk and return to multi-cap funds. While they can be volatile in the short term, holding for longer periods allow them to deliver well. Each investment in a tax-saving fund will be locked in for 3 years. Investments, however, can be held for periods longer than this as well, in order to earn optimal returns.

Suitability

These funds suit investors looking to make tax-saving investments. conservative investors can choose funds with a large-cap orientation. Investments will be locked in for 3 years but should ideally be held for at least 5 years.

Taxation
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