3 Year return
18.03%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Very High Risk
Asset Under Management
₹25617.49 Cr.
Expense Ratio
0.58% (inclusive of GST)
Exit Load
Nil
Tax Implications
Withdrawal after 3 years:
12.5% tax on gains above ₹1.25 lakh per financial year
Fund Holdings
Mirae Asset Mutual Fund Managers
NS
Neelesh Surana
Fund Manager since Nov 2015
Fund House Details
Mirae Asset Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
SBI Long Term Equity Fund |
27.88% |
5 |
Quant ELSS Tax Saver Fund |
26.66% |
3.5 |
Bank of India ELSS Tax Saver |
21.49% |
3 |
Schemes by Mirae Asset Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan Growth
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan IDCW Payout
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan IDCW Reinvestment
Hybrid . Arbitrage Fund
Mirae Asset Arbitrage Fund Direct Growth
Hybrid . Arbitrage Fund
Mirae Asset Arbitrage Fund Direct IDCW Payout
About Mirae Asset Tax Saver Fund Direct Plan Growth
Mirae Asset Tax Saver Fund Direct Plan-Growth is an Equity Linked Savings Scheme (ELSS) brought to you by Mirae Asset Mutual Fund. This fund offers an attractive blend of potential wealth creation and tax benefits, further enriched by a strategically diversified portfolio. An ELSS is an open-ended equity-linked saving scheme with a statutory lock-in of 3 years and tax benefit.
Investment Objective of the Scheme
The investment objective of the Mirae Asset Tax Saver Fund Direct Plan-Growth is to generate long-term capital appreciation. This is achieved by predominantly investing in a wide range of equity and equity-related instruments. The fund's flexible investment approach allows it to invest across various market capitalizations, ensuring a diversified portfolio of fundamentally robust companies with promising growth prospects.
Key Features of The Fund
5-year return | 25.42% |
Expense Ratio | 0.58% |
Fund Manager | Neelesh Surana |
Fund Size | ₹25617.49 Cr |
Risk Profile | Very High |
Is This Scheme Right for Me?
Mirae Asset Tax Saver Fund Direct Plan-Growth could be an excellent fit for investors who are willing to lock in their capital for a minimum period of three years. If you're seeking the dual advantage of tax savings along with the potential for higher returns, this fund might be worth considering. However, it's crucial to acknowledge the possibility of moderate risks in your investments. This fund could align particularly well with the financial aspirations of investors looking for wealth creation over the long term. However, as with any financial endeavour, it's crucial to align this investment with your risk tolerance and financial goals. Always consider professional financial advice when planning your investment strategies.
AMC Contact Details
Name | Mirae Asset Mutual Fund |
Launch Date | November 2007 |
Addresss | Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai - 400 098. |
Contact | 1800-2090-777 |
customercare@miraeasset.com | |
Website | https://www.miraeassetmf.co.in/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
Secure Your Retirement With SIPs
FAQs
What is today's NAV of Mirae Asset ELSS Tax Saver Fund?
What is the AUM of Mirae Asset ELSS Tax Saver Fund?
What is the expense ratio of Mirae Asset ELSS Tax Saver Fund?
What are the returns of Mirae Asset ELSS Tax Saver Fund since inception?
What is the minimum SIP amount to invest in Mirae Asset ELSS Tax Saver Fund?
How do I invest in Mirae Asset ELSS Tax Saver Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Mirae Asset ELSS Tax Saver Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Mirae Asset ELSS Tax Saver Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Mirae Asset ELSS Tax Saver Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.