Mirae Asset Tax Saver Fund -Direct Plan-Growth - Regular - Latest NAV [ ₹34.058 ], Returns, Performance, Portfolio & Returns 2021

Mirae Asset Tax Saver Fund -Direct Plan-Growth

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    23.06%
  • highlight
    (+0.28)34.058

Min amount: ₹500

Calculate Returns

20 yrs
₹500 invested monthly becomes
0 in a period of 20 years
  • Save up to Rs 46,800 in taxes every year.
  • Highest returns compared to other 80C investments.
  • Lowest lock-in of 3 years
Note: Every instalment of SIP and every lumpsum order must complete the lock-in period before redemption.
Tax Saving FDPPFELSS
Average Annualised Returns i
6%8%12%
Tax rates i
30%Not taxable10%*
Returns after tax i
4.2%8.00%10.80%
Current rate of Inflation i
4%4%4%
Real Rate of Return i
0.2%4.00%6.80%
Lock-in Period i
5 years15 years3 years
*Taxable @ 10% over and above Rs 1 lakh.

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years23.06%
3 Years23.78%
1 Year64.99%
6 Months22.22%
Fund Details
ISININF769K01DM9
RiskVery High Risk
Fund TypeELSS (Tax Savings)
NAV34.058
Exit Load--

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd8.38%
ICICI Bank Ltd7.14%
Infosys Ltd6.37%
Axis Bank Ltd4.59%
Tata Consultancy Services Ltd4.03%
Reliance Industries Limited4.01%
State Bank of India3.7%
Bharti Airtel Ltd3.17%
Housing Development Finance Corp Ltd2.49%
JK Cement Ltd2.3%

About Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund is an open-ended equity-linked saving scheme (ELSS). This tax-saving mutual fund gives an opportunity for taxpayers to save up to Rs.46,800 on taxes per year. Besides saving on income tax payments, you can also get growth and dividend payout option.

Pros and Cons of Mirae Asset Tax Saver Fund

The expense ratio of Mirae Asset Tax Saver Fund is as low as 0.64%, and it comes with nil exit load. The one-year and three-year returns are higher than that of the category average returns. However, the risk-adjusted returns are lower than the category.

Fund Information and Statistics

i) Inception/Launch date Mirae Asset Tax Saver Fund was launched on 28 December 2015.

ii) Risk level Since Mirae Asset Tax Saver Fund invests in equity stocks, they include a moderately high risk on the investment.

iii) Redemption Since Mirae Asset Tax Saver Fund comes under ELSS, a mandatory lock-in period of three years is applicable. If you happen to redeem within the completion of the lock-in period, you will lose out on the tax benefits reaped.

iv) Fund Manager Mr Neelesh Surana is working as the fund manager for Mirae Asset Tax Saver Fund since the inception of the fund.

v) Entry/Exit load As per the mandate made by SEBI, the entry load is not applicable any more. In addition, Mirae Asset Tax Saver Fund comes with nil exit load.

About Mirae Asset Mutual Fund

Mirae Asset Mutual Fund registered with SEBI on 30 November 2007. While the trustee of the Mirae Asset Mutual Fund is Mirae Asset Trustee Company Private Limited, the sponsor of the fund house is Mirae Asset Global Investments Company Limited-Seoul, Korea. The Asset Under Management (AUM) of Mirae Asset Mutual Fund is Rs.41,252 crore as on 31 May 2020.

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Min amount: ₹500

Calculate Returns

20 yrs
₹500 invested monthly becomes
0 in a period of 20 years
Very High Risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns