- Mutual Funds
- Mirae Asset ELSS Tax Saver Fund - Regular (IDCW)
Mirae Asset ELSS Tax Saver Fund - Regular (IDCW)
ELSS
- NAV 27.15 (-0.75%)
- Fund Size (Cr) ₹25315.16
- Expense Ratio 1.56
- Scheme Type Active Fund
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Value Research
- Minimum investment ₹500
- Minimum Additional Investment ₹500
- Minimum SIP Investment ₹500
- Minimum Withdrawal ₹0
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Exit Load
0%
- Return Since Launch 18.92%
Basic Details
Neelesh Surana
Nifty 500 TRI
OPEN
Lumpsum Returns
Note: Lumpsum Returns since Inception Date.
SIP Returns
Note: SIP Returns since Inception Date.
Tax Treatment
If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.
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Risk Ratios
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Standard Deviation
3.68% -
Beta
0.93% -
Sharpe Ratio
0.68% -
Treynor’s Ratio
0.09% -
Jension’s Alpha
-0.40%
Asset Allocation
There is no Asset Allocation data.
Sector Allocation
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Top 10 stock holding in portfolio
Peer Comparison
- Scheme Name
- Value Research
- Asset Size (Cr)
- 1M
- 3M
- 6M
- 1Y
- 3Y
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Motilal Oswal ELSS Tax Saver Fund-Dir (IDCW)
- 4186.93
- 11.40%
- 3.71%
- 18.03%
- 54.07%
- 30.65%
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Motilal Oswal ELSS Tax Saver Fund-Dir (G)
- 4186.93
- 11.40%
- 3.71%
- 18.03%
- 54.07%
- 30.65%
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SBI Long Term Advantage Fund - Series V -Dir (G)
- 369.13
- 3.61%
- 0.94%
- 18.25%
- 45.95%
- 21.34%
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SBI Long Term Advantage Fund-Series V -Dir (IDCW)
- 369.13
- 3.61%
- 0.94%
- 18.25%
- 45.95%
- 21.34%
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HSBC ELSS Tax Saver Fund - Direct (IDCW)
- 4302.98
- 8.40%
- 1.39%
- 9.08%
- 38.50%
- 21.57%
News
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Mirae Asset Mutual Fund announces change in Exit Load Structure
Mirae Asset Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 30 October 2024
Change in Exit Load:
Name of the Scheme Existing Load Structure Revised Load Structure ' Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF Fund of Fund
' Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF Fund of Fund
' Mirae Asset Nifty India Manufacturing ETF Fund of Fund
' Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund
' if redeemed within 3 months from the date of allotment: 0.05%,
' if redeemed after 3 months from date of allotment: Nil' if redeemed or switched out within 15 days from the date of allotment: 0.05%,
' if redeemed or switched out after 15 days from date of allotment: Nil' Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund ' if redeemed or switched out within 5 calendar days from the date of allotment: 0.05%,
' if redeemed or switched out after 5 days from date of allotment: Nil' if redeemed or switched out within 15 days from the date of allotment: 0.05%,
' if redeemed or switched out after 15 days from date of allotment: NilPowered by Capital Market - Live News
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Mirae Asset MF announces change in Fund Manager of the following scheme
Mirae Asset Mutual Fund has announced change in Fund Managers of the following schemes with effect from: 01 November 2024
Change in Fund Managers of the Schemes:
Scheme Name Existing Fund Manager Proposed Fund Manager(s) Mirae Asset Liquid Fund Mr. Abhishek Iyer Mr. Abhishek Iyer &
Mr. Amit (Modani)Powered by Capital Market - Live News
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Mirae Asset MF announces change in scheme name
Mirae Asset Mutual Fund has announced change in scheme name under the following schemes, With effect from 23 October 2024
Change in the name of the Scheme:
Name of the Scheme Revised Name of the Scheme Mirae Asset Nifty 1D Rate Liquid ETF Mirae Asset Nifty 1D Rate Liquid ETF-IDCW Powered by Capital Market - Live News
Fund House Details & Investment Objective
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Date of Incorporation
20-Nov-2015
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Total AUM (Cr)
₹25315.16
Mirae Asset ELSS Tax Saver Fund - Regular (IDCW) is an ELSS-oriented fund from the renowned AMC, Mirae Asset Mutual Fund. Launched in Nov 2015, this fund is managed by Neelesh Surana. With assets under management (AUM) worth ₹25315.16 (Cr), as of 19-Dec-2024, Mirae Asset ELSS Tax Saver Fund - Regular (IDCW) is categorized as a ELSS within its segment. The fund has generated a return of 18.92% since its launch.
The current NAV of Mirae Asset ELSS Tax Saver Fund - Regular (IDCW) is ₹27.15, as on 19-Dec-2024. The fund’s benchmark index is Nifty 500 TRI. You can invest in Mirae Asset ELSS Tax Saver Fund - Regular (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹500.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Exit load is not applicable
The fund has generated 15.99% and 20.18% CAGR in the last 3 and 5 years respectively.
The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 99.35% in Equity, 0.54% in Debt and 0.11% in cash and cash equivalents
The top 5 sectors the fund invests in are: 24.91% in Banks, 8.65% in IT-Software, 6.53% in Consumer Durables, 5.16% in Pharmaceuticals & Biotech and 4.74% in Automobiles.
FAQs on Mirae Asset ELSS Tax Saver Fund - Regular (IDCW)
Mirae Asset ELSS Tax Saver Fund - Regular (IDCW) is a popular fund in the ELSS segment. The fund has generated a return of 18.92% since inception. Looking to invest in Mirae Asset ELSS Tax Saver Fund - Regular (IDCW)? How about earning 1% extra return? All this is possible with m.Stock! Investing in Mirae Asset ELSS Tax Saver Fund - Regular (IDCW) is super easy and convenient with m.Stock. Here’s how you can begin:
- Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
- In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
- In the search bar, enter the fund name, in this case, Mirae Asset ELSS Tax Saver Fund - Regular (IDCW)
- On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
- If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
- If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.
So, why wait? Invest in Mirae Asset ELSS Tax Saver Fund - Regular (IDCW) today and reap the benefits of this ELSS fund!
In the short term, i.e., 1 year, Mirae Asset ELSS Tax Saver Fund - Regular (IDCW) has generated annualised return of 22.26%. In the long-term, the fund has generated 15.99% and 20.18% in 3 and 5 years respectively. Since its inception, the fund has generated 18.92% returns.
The expense ratio of Mirae Asset ELSS Tax Saver Fund - Regular (IDCW) Direct Growth is 1.56%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.
The Assets Under Management (AUM) of Mirae Asset ELSS Tax Saver Fund - Regular (IDCW) is ₹25315.16 (Cr) as of 19 December 2024. AUM shows the fund’s popularity and is often indicative of fund strength.
Redeeming or selling units of Mirae Asset ELSS Tax Saver Fund - Regular (IDCW) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.
To redeem from Mirae Asset ELSS Tax Saver Fund - Regular (IDCW):
- Login to your m.Stock account
- In portfolio, your mutual fund investments will be visible under ‘MF’
- Select the fund you wish to redeem from (in this case Mirae Asset ELSS Tax Saver Fund - Regular (IDCW)).
- Click on ‘Redeem’ button
- You have 2 options – redeem by units and redeem by value (you can only redeem free units)
- Select units to be redeemed and click on submit.
- Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).
Yes, you can invest both lumpsum and SIP in Mirae Asset ELSS Tax Saver Fund - Regular (IDCW). Minimum lumpsum investment Mirae Asset ELSS Tax Saver Fund - Regular (IDCW) is ₹500 and minimum SIP amount is ₹500. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.
The latest NAV (Net Asset Value) of Mirae Asset ELSS Tax Saver Fund - Regular (IDCW) is ₹27.15 as on 19 December 2024.
The 5 biggest stock holdings of Mirae Asset ELSS Tax Saver Fund - Regular (IDCW) are:
HDFC Bank (8.21%), Axis Bank (4.82%), St Bk of India (4.59%), ICICI Bank (4.23%), Infosys (4.19%)
A majority of Mirae Asset ELSS Tax Saver Fund - Regular (IDCW) 's AUM worth ₹25315.16 (Cr) is invested in these 3 top sectors:
- Banks: 24.91%
- IT-Software: 8.65%
- Consumer Durables: 6.53%
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