|St Bk of India||Banks||Equity||5.04%|
|Infosys||IT - Software||Equity||3.43%|
|Larsen & Toubro||Infrastructure Developers & Operators||Equity||3.32%|
|NTPC||Power Generation & Distribution||Equity||2.83%|
|HCL Technologies||IT - Software||Equity||2.82%|
|Kotak Mah. Bank||Banks||Equity||2.39%|
|SBI Life Insuran||Insurance||Equity||2.14%|
|Crompton Gr. Con||Consumer Durables||Equity||1.85%|
|Bharat Forge||Castings, Forgings & Fastners||Equity||1.61%|
|Zomato Ltd||E-Commerce/App based Aggregator||Equity||1.51%|
|M & M||Automobile||Equity||1.41%|
|Coforge||IT - Software||Equity||1.3%|
|J K Cements||Cement||Equity||1.18%|
|Wipro||IT - Software||Equity||1.13%|
|PB Fintech.||IT - Software||Equity||1.11%|
|FSN E-Commerce||E-Commerce/App based Aggregator||Equity||1.06%|
|Interglobe Aviat||Air Transport Service||Equity||0.97%|
|Indian Energy Ex||Miscellaneous||Equity||0.96%|
|Prince Pipes||Plastic products||Equity||0.77%|
|Sapphire Foods||Quick Service Restaurant||Equity||0.74%|
|Utkarsh Small F.||Banks||Equity||0.65%|
|Team Lease Serv.||Miscellaneous||Equity||0.55%|
|Natl. Aluminium||Non Ferrous Metals||Equity||0.55%|
|B P C L||Refineries||Equity||0.42%|
|Kajaria Ceramics||Ceramic Products||Equity||0.28%|
|TCS||IT - Software||Equity||0.08%|
|Titan Company||Diamond, Gems and Jewellery||Equity||0.03%|
|HDFC Life Insur.||Insurance||Equity||0.01%|
|Cement & Cement Products||2.08%|
|Cash & Others||0.76%|
|Aerospace & Defense||0.01%|
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
|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.|
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.
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.
- Fund Name
- Fund Size
- 3Y Returns
- Nippon India ELSS Tax Saver Fund – Direct Growth
19.8%Fund Size - 12,323
24.6%Fund Size - 12,323
13.9%Fund Size - 12,323
- Franklin India Taxshield – Direct Growth
21.6%Fund Size - 5,224
23.8%Fund Size - 5,224
17.1%Fund Size - 5,224
- Kotak ELSS Tax Saver Fund – Direct Growth
18.5%Fund Size - 4,122
22.3%Fund Size - 4,122
18.6%Fund Size - 4,122
- ICICI Pru ELSS Tax Saver Fund – Direct Growth
16.9%Fund Size - 11,062
20.7%Fund Size - 11,062
16.3%Fund Size - 11,062
- Sundaram ELSS Tax Saver Fund – Direct Growth
16.5%Fund Size - 1,061
20.7%Fund Size - 1,061
15.8%Fund Size - 1,061
AMC Contact Details
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 - 28.08%
- IT-Software - 9.5%
- Consumer Durables - 4.74%
- Industrial Products - 4.12%
- Petroleum Products - 4%
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?
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.
Is there any lock-in period for Mirae Asset Tax Saver Fund - Direct Growth?
Yes, there is lock-in period for Mirae Asset Tax Saver Fund – Direct Growth.