This fund is recommended for investment within tax saving mutual funds.
Tax saving funds provides tax saving with inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
The fund has Relatively moderate history for analysis. We recommend funds with longer history.
Relative Size
4,463 Cr
Large within the category
Category View
Positive
The category has a positive investment outlook
Consistency Of Performance
Consistently Good
The fund has performed well consistently over a period of time
Tax Saver Plan
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
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Scheme Information
Investment Objective
The investment objective of the scheme is to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. The Scheme does not guarantee or assure any returns.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Mirae Asset Investment Managers (India) Private Limited manages assets worth 53,402 crores and was set up on 20 November 2006. It's current offering of mutual fund schemes includes 20 equity,30 debt and 9 hybrid funds.
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Category View
We check if the sub-category of the fund is recommended by us.
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Quality Of Fund’s Portfolio
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Equity Funds
Debt Funds
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About Mirae Asset Tax Saver Fund (G)
About Mirae Asset Tax Saver Fund (G)
Mirae Asset Tax Saver Fund (G) is a tax saving equity fund and has delivered an annualised return of 17.3% over a period of 5 years ..The fund is managed by Mirae Asset Investment Managers (India) Private Limited.The fund manager’s name is Neelesh Surana.
Mirae Asset Tax Saver Fund (G) Investment Objective
The investment objective of the scheme is to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. The Scheme does not guarantee or assure any returns. However, there is no assurance that the objective of the scheme will be realized.
Currently, the fund is recommended by Scripbox.
Mirae Asset Tax Saver Fund (G) NAV,AUM,Risk
The Mirae Asset Tax Saver Fund (G) fund was launched on Dec 28, 2015. The NAV (Net Asset Value) of this tax saving equity as of 2020-12-02 is ₹ 21.966. The total AUM (Asset Under Management) of the fund as of 2020-12-03 is ₹ 4462.576. The category risk of the Mirae Asset Tax Saver Fund (G) fund is Moderately High risk.
The fund charges 1.84 % as expense ratio.
Mirae Asset Tax Saver Fund (G) Holdings
The fund’s highest allocation is towards equity and has invested 99.0% in this asset class. The top three holdings of the fund are hdfc bank ltd,infosys ltd and icici bank ltd
Mirae Asset Tax Saver Fund (G) SIP
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 500 and you can increase this in multiples of ₹ 500. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 500.
Mirae Asset Tax Saver Fund (G) Investment volatility and Horizon
This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to IISL Nifty 200 TR INR
Mirae Asset Tax Saver Fund (G) Review
Mirae Asset Tax Saver Fund (G) has a score of 5 on a scale of 5. The fund scores 3 out of 5 based on historical performance. As compared to the other funds in its category, Mirae Asset Tax Saver Fund (G) has a score of 4 out of 5.
Scipbox has rated this fund 5 out of 5 based on consistency of performance over various years / tenures.
