Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan has delivered CAGR and average rolling returns as follows :
1 Year | 3 Year | 5 Year | 9 Year | |
CAGR(%) | 36.52 | 18.46 | 19.92 | N/A |
Average Rolling Returns(%) | 23.54 | 19.81 | 19.56 | N/A |
The Current NAV of Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan is ₹47.53.
You can consider SIP in Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan as it has consistently outperformed the benchmark and has a Somewhat Good quality portfolio. Funds returns likely to be fairly different than its benchmark NIFTY 200 , as Funds portfolio is somewhat different.
Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan fund’s expense ratio is 0.64%
The process for redemption is
The AUM of Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan is currently ₹21,476 Crores.
The Top three stocks are HDFC Bank, ICICI Bank and SBI and account for 17% of its portfolio. Top 5 and 10 stocks of fund account for 25% and 39% of fund’s portfolio respectively.
Top three sectors of Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan fund are BFSI, Construction & Infrastructure and IT accounting for 52% of the total portfolio.
Funds Portfolio Quality is Somewhat Good. It has a large proportion of Green and Orange Stocks.Since this is a Equity - ELSS it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.
The category of Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan Fund is Equity - ELSS.
Neelesh Surana manages the Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan Fund.
Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan current PE ratio is 33.07 and PB ratio is 5.35
The asset allocation of Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan is Stocks : 99.07%, Debt : 0.98% and Gold : 0%
The minimum SIP amount for Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan is ₹500.00 and minimum lumpsum is ₹500.00
The exit load for Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan is Nil