1M
6M
1Y
3Y
5Y
All
| NAV: 13 May 2024 | ₹46.86 |
| Min. SIP amount | ₹500 |
| Rating | 4 |
| Fund size | ₹22,471.76Cr |
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Returns and rankings
Category: Equity ELSS
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 32.4% | 18.7% | 21.7% | 20.2% |
| Category average | 34.5% | 19.0% | 18.6% | NA |
| Rank with in category | 22 | 24 | 7 | NA |
Understand terms
Holdings (79)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
HDFC Bank Ltd. | Financial | Equity | 8.22% |
ICICI Bank Ltd. | Financial | Equity | 4.78% |
State Bank of India | Financial | Equity | 4.43% |
Larsen & Toubro Ltd. | Construction | Equity | 3.81% |
Reliance Industries Ltd. | Energy | Equity | 3.78% |
Kotak Mahindra Bank Ltd. | Financial | Equity | 3.70% |
Axis Bank Ltd. | Financial | Equity | 3.43% |
Infosys Ltd. | Technology | Equity | 2.74% |
Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | Equity | 1.99% |
NTPC Ltd. | Energy | Equity | 1.99% |
See All
Pros and cons
Category: Equity ELSS
Pros
Cons
5Y annualised returns higher than category average by 3.07%
Consistently lower annualised returns than category average for the past 1Y and 3Y
Exit load is zero
Lock-in period: 3Y
Lower expense ratio: 0.57%
Expense ratio, exit load and tax
Expense ratio: 0.57%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Understand terms
Check past data
Minimum investment amounts
| Min. for 1st investment | ₹500 |
| Min. for 2nd investment onwards | ₹500 |
| Min. for SIP | ₹500 |
Fund management
Neelesh SuranaNov 2015 - PresentView details
Neelesh Surana
Nov 2015 - Present
View details
Education
Mr. Surana is B.E (Mechanical) and MBA in Finance.
Experience
Prior to joining Mirae Asset AMC he has worked with ASK Investment Managers Pvt Ltd.
Also manages these schemes
Fund house & investment objective
Fund house contact details
Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Launch Date
30 Nov 2007
E-mail
NAWebsite
www.miraeassetmf.co.in
Mirae Asset Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]Website
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