Mirae Asset Tax Saver Fund -Regular Plan-Growth - Latest NAV ₹19.949, Returns, Performance & Portfolio

Mirae Asset Tax Saver Fund -Regular Plan-Growth

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    8.01%
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    (+0.12)19.949

Start your investment

Min amount: ₹500

  • Save up to Rs 46,800 in taxes every year.
  • Highest returns compared to other 80C investments.
  • Lowest lock-in of 3 years
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 Years--
3 Years8.01%
1 Year11.03%
6 Months32.23%
Fund Details
ISININF769K01DK3
RiskModerately High risk
Fund TypeELSS (Tax Savings)
NAV19.949
Exit Load--

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd9.6%
ICICI Bank Ltd6.25%
Infosys Ltd5.95%
Reliance Industries Ltd4.67%
Axis Bank Ltd4.06%
Tata Consultancy Services Ltd3.92%
Bharti Airtel Ltd3.42%
ITC Ltd2.63%
State Bank of India2.56%
Larsen & Toubro Ltd2.52%

About Mirae Asset Tax Saver

Mirae Asset Tax Saver’s investment objective is capital appreciation. It is an open-ended equity linked saving scheme (ELSS) with a compulsory lock-in of three years.

Pros & Cons of Mirae Asset Tax Saver fund

  1. The fund is performing exponentially with positive growth since the time of inceptions.
  2. The selection of funds in this scheme is limited to equity and equity-related stocks with high return ratios. All-in-all it gives a diversified portfolio of strong growth companies with a minimum investment of only Rs 500.

Fund Information and Statistics of Mirae Asset Tax Saver fund

i) Inception / Launch date

This fund was launched on 28 December 2015 by Mirae Asset Global Inv (India) Pvt. Ltd

ii) Risk level

Risk is above average as fund’s performance is driven by the market’s wide fluctuations

iii) Redemption

Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.

iv) Fund Manager

Neelesh Surana is an experienced fund manager who has been managing this fund since November 2015.

v) Entry / Exit load

Exit load for this fund is 0%. However, an expense ratio of 2.34% will be applied every year.

Tax benefits of investing in Mirae Asset Tax Saver fund

This is an ELSS fund, which gives the tax benefit to an investor. Returns will be considered as long-term capital gains and if it is more than Rs 1 lakh, 10% without indexation on the sale of units will be applied for this fund.

About Mirae Mutual Fund

Mirae Mutual Fund was established in 1997 as a result of the Asian currency crisis. Today, the fund house possesses the global potential to provide lucrative options to investors spread around the world. It aims to offer its clients financial strategies which are insightful and consistent with the market dynamics. It has given superior performance by means of its diversified product offering.

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Start your investment

Min amount: ₹500

Moderately 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