Mirae Asset Tax Saver Fund – Direct Growth
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Invested Amount--
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Wealth Gained--
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Expected Amount--
Scheme Performance
| 1Y | 1Y | 3Y | 3Y | 5Y | 5Y | Max | Max | |
|---|---|---|---|---|---|---|---|---|
| Trailing Returns | 12.1% | 24.6% | 16.6% | 19.4% | ||||
| Category Average | 9.7% | 22.7% | 12.5% | - |
Scheme Allocation
Advance Ratio
Exit Load
| Exit Load | Nil |
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Fund Objective
The Mirae Asset Tax Saver Fund, a mid-cap fund, invests in Indian equities. Mirae Asset Global Investments has managed the fund since 2005. The fund has been managed by Mr Atul Vaghul of the Vaghul & Company since the fund commenced its operations and has a solid track record.
Mirae Asset Tax Saver Fund can be a great option if you’re looking for tax-saving options that also provide regular returns. It invests in government securities and distributes tax-free income for investors.
Pros & Cons
| Pros | Cons |
|---|---|
| The fund offers a deduction of up to Rs. 1.5 lakhs under Section 80C of the Income Tax Act. This deduction can help you save significant money on your taxes. | 25% of the investments of the funds are in the banking sector, which reduces diversity. |
| Another reason to invest in this fund is that it has a good track record of performance. Over the last five years, the fund has given an annualized return of 14.2%. This is significantly higher than the returns of most other funds in the same category. | The risk of investing in the fund is very high. |
| The fund has an expense ratio of 0.55% only. |
How to Invest in Mirae Asset Tax Saver Fund?
If you’re looking to invest in a mutual fund that offers tax benefits, the Mirae Asset Tax Saver Fund may be a good option. This fund is designed to allow investors to save on taxes by investing in a portfolio of equity securities.
To invest in the Mirae Asset Tax Saver Fund, you’ll need to open a brokerage account with 5Paisa. Once you’ve opened an account, you can transfer funds from your bank account to your brokerage account and use those funds to purchase shares of the fund.
What is the Expense Ratio of Mirae Asset Tax Saver Fund?
An expense ratio measures how much it costs to operate a mutual fund. These expenses include things like management fees, administrative fees, and marketing expenses.
Who Should Invest in Mirae Asset Tax Saver Fund?
Mirae Asset MF ELSS Funds have moderately high market risk compared to balanced funds and debt funds. The fund value can go up or down as the stock price changes. Stock prices can be affected by changes in stock market volume, interest rates, exchange rates, tax laws, and other economic developments.
These funds are safer than those that only invest in small-cap/midsize or sector/theme-based funds because they have a well-diversified portfolio. The inherent risks can be higher if you invest for more extended periods. Before investing in the scheme, investors should consider their risk tolerance.
Mirae Asset Tax Saver Fund is a good choice if you are looking for a tax-saving investment option.
What are the Benefits of Investing in the Mirae Asset Tax Saver Fund?
Mirae Asset Tax Saver Fund offers many benefits. It helps you to save taxes as per Section 80C under the Income Tax Act.
This fund offers capital appreciation potential since equity markets outperform fixed-income asset classes over the long term. This fund could offer higher returns than most fixed-income instruments.
This fund offers some diversification as well. You can lower the risk by investing in a diversified fund rather than one stock. Thats because the performance of a diversified fund is not closely tied to any stock, which reduces its volatility.
Mirae Asset Tax Saver fund is also managed by a team of experienced professionals with a deep understanding of the markets and a proven track record of successful investing. This team is committed to providing investors with the best possible experience and achieving their financial goals.
Fund Managers
Neelesh Surana
Mr Neelesh Surana is among the senior fund managers at Mirae Asset India with extensive experience of over 24 years. His expertise in portfolio management has further enhanced his function of various domestic and offshore funds of the fund house. Before joining Mirae Asset India AMC, he worked at ASK Investment Managers Pvt Ltd. He has successfully fulfilled his role and responsibility for supervising and overseeing approximately five mutual fund schemes.
Risk-O-Meter
Peer Comparison
- Fund Name
- Fund Size(Cr.)
- 1Y
- 3Y
- 5Y
-
- Equity .
- ELSS .
-
- 5,249
-
15.8%Fund Size - 5,249
-
26.8%Fund Size - 5,249
-
13.1%Fund Size - 5,249
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- Equity .
- ELSS .
-
- 12,634
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12.4%Fund Size - 12,634
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26.2%Fund Size - 12,634
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10%Fund Size - 12,634
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- Equity .
- ELSS .
-
- 4,051
-
15.1%Fund Size - 4,051
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25.4%Fund Size - 4,051
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15.8%Fund Size - 4,051
-
- Equity .
- ELSS .
-
- 1,090
-
11.6%Fund Size - 1,090
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23.8%Fund Size - 1,090
-
12.6%Fund Size - 1,090
-
- Equity .
- ELSS .
-
- 11,256
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10.3%Fund Size - 11,256
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22.9%Fund Size - 11,256
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12.8%Fund Size - 11,256
AMC Contact Details
More Funds from Mirae Asset Mutual Fund
- Fund Name
- Fund Size(Cr.)
- 1Y
- 3Y
- 5Y
-
- Hybrid .
- Aggressive Hybrid .
-
- 7,777
-
11.2%Fund Size - 7,777
-
18.5%Fund Size - 7,777
-
13.2%Fund Size - 7,777
-
- Equity .
- Large Cap .
-
- 35,880
-
8.7%Fund Size - 35,880
-
19.7%Fund Size - 35,880
-
12.7%Fund Size - 35,880
-
- Equity .
- Sectoral / Thematic .
-
- 2,552
-
17%Fund Size - 2,552
-
25.9%Fund Size - 2,552
-
15.7%Fund Size - 2,552
-
- Equity .
- Large & Mid Cap .
-
- 27,948
-
11.8%Fund Size - 27,948
-
24.5%Fund Size - 27,948
-
17.1%Fund Size - 27,948
-
- Equity .
- Sectoral / Thematic .
-
- 1,683
-
19.4%Fund Size - 1,683
-
17.5%Fund Size - 1,683
-
21.1%Fund Size - 1,683
Mutual Funds By Category
Equity
Debt
Hybrid
- Fund Name
- Fund Size(Cr.)
- 1Y
- 3Y
- 5Y
-
- Equity .
- Large Cap .
-
- 654
-
18.9%Fund Size - 654
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23.4%Fund Size - 654
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14.9%Fund Size - 654
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- Equity .
- Large Cap .
-
- 10,202
-
10%Fund Size - 10,202
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19.8%Fund Size - 10,202
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14.4%Fund Size - 10,202
-
- Equity .
- Large Cap .
-
- 15,583
-
18.8%Fund Size - 15,583
-
28.1%Fund Size - 15,583
-
14.4%Fund Size - 15,583
-
- Equity .
- Large Cap .
-
- 1,517
-
11.1%Fund Size - 1,517
-
20.1%Fund Size - 1,517
-
13.9%Fund Size - 1,517
-
- Equity .
- Large Cap .
-
- 757
-
19.7%Fund Size - 757
-
23%Fund Size - 757
-
13.7%Fund Size - 757
Frequently Asked Questions
How to invest in Mirae Asset Tax Saver Fund – Direct Growth ?
- Login to your 5paisa account, Go to the Mutual Funds section.
- Search for Mirae Asset Tax Saver Fund – Direct Growth in the search box.
- Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"
What is the NAV of Mirae Asset Tax Saver Fund – Direct Growth ?
How to redeem Mirae Asset Tax Saver Fund – Direct Growth holding ?
What is the minimum sip amount of Mirae Asset Tax Saver Fund – Direct Growth?
What are the top sectors Mirae Asset Tax Saver Fund – Direct Growth has invested in?
- Banks - 27.92%
- IT-Software - 8.6%
- Petroleum Products - 5.89%
- Pharmaceuticals & Biotech - 5.23%
- Consumer Durables - 4.96%
Can I make investments in both the SIP and Lump Sum schemes of Mirae Asset Tax Saver Fund – Direct Growth?
How much returns have Mirae Asset Tax Saver Fund – Direct Growth generated ?
What is the expense ratio of Mirae Asset Tax Saver Fund – Direct Growth ?
What is the AUM of Mirae Asset Tax Saver Fund – Direct Growth?
What are the top stock holdings of Mirae Asset Tax Saver Fund – Direct Growth?
- HDFC Bank - 9.07%
- ICICI Bank - 7.91%
- Reliance Industr - 5.68%
- St Bk of India - 5.12%
- Infosys - 3.69%
How can I redeem my investments in Mirae Asset Tax Saver Fund – Direct Growth?
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select Mirae Asset Tax Saver Fund – Direct Growth in Scheme, enter the redemption amount, and click on submit button.