Mirae Asset Tax Saver Fund

Equity · ELSS
 · ★★★★★
500
Min SIP
500
Min Lumpsum
0.45 %
Expense Ratio
★★★★★
Rating
15,218
Fund Size (in Cr)
7 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 5 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
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Scheme Performance

Returns and Ranks ( as on 26 May 2023 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 14.4% 32.6% 16.4% 18.7%
Category Average 15.6% 29.7% 12.3% -

Scheme Allocation

By Holding
By Sector
By Asset
HDFC Bank
8.28%
Reliance Industr
7.24%
ICICI Bank
6.99%
Axis Bank
4.38%
Infosys
4.06%
Others
69.05%
Banks
25.29%
IT-Software
9.01%
Petroleum Products
7.25%
Pharmaceuticals & Biotech
5.72%
Finance
5.2%
Others
47.53%
Equity
99.16%
Reverse Repos
1.02%
Mutual Funds Units
0%
Net Curr Ass/Net Receivables
-0.18%
Others
0%

Advance Ratio

0.31
Alpha
4.24
SD
0.94
Beta
0.54
Sharpe

Exit Load

Exit Load Nil

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. That’s 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

AMC Contact Details

Mirae Asset Mutual Fund
AUM:
1,18,065 Cr
Address:
Unit 606,6th Flr,Windsor Off. CST Road,Kalina, Santacruz(E),Mumbai-400098
Contact:
022-67800300
Email ID:
customercare@miraeasset.com

Frequently Asked Questions

How to invest in Mirae Asset Tax Saver Fund ?

You can invest in Mirae Asset Tax Saver Fund in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for Mirae Asset Tax Saver Fund 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 ?

The NAV of Mirae Asset Tax Saver Fund is ₹35.7 as of 26 May 2023.

How to redeem Mirae Asset Tax Saver Fund holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of Mirae Asset Tax Saver Fund?

The minimum SIP amount of Mirae Asset Tax Saver Fund is ₹500

What are the top sectors Mirae Asset Tax Saver Fund has invested in??

The top sectors Mirae Asset Tax Saver Fund has invested in are
  1. HDFC Bank - 8.28%
  2. Reliance Industr - 7.24%
  3. ICICI Bank - 6.99%
  4. Axis Bank - 4.38%
  5. Infosys - 4.06%

How much returns have Mirae Asset Tax Saver Fund generated ?

The Mirae Asset Tax Saver Fund has delivered 18.7% since inception

What is the expense ratio of Mirae Asset Tax Saver Fund ?

The expense ratio of Mirae Asset Tax Saver Fund is 0.45 % as of 26 May 2023.

What is the AUM of Mirae Asset Tax Saver Fund?

The AUM of Mirae Asset Tax Saver Fund is ₹1,18,065 Cr as of 26 May 2023

What are the top stock holdings of Mirae Asset Tax Saver Fund?

The top stock holdings of Mirae Asset Tax Saver Fund are
  1. HDFC Bank - 8.28%
  2. Reliance Industr - 7.24%
  3. ICICI Bank - 6.99%
  4. Axis Bank - 4.38%
  5. Infosys - 4.06%
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