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  • Mirae Asset Investment Managers (India) Private Limited
  • Mirae Asset Tax Saver Fund (Growth)
Mirae Asset Tax Saver Fund (Growth)

Mirae Asset Tax Saver Fund (Growth)

EquityTax Saving

Recommended

Top Ranked

26.206

NAV (May 10)

Scripbox Opinion

Recommended

Mirae Asset Tax Saver Fund (Growth) 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).

Our analysis of this fundLearn how we rate funds ->

Track Record

6 Years. The fund has Relatively moderate history for analysis. We recommend funds with longer history.

Relative Size

7,252 Cr. Category leader in size

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

Invest in this fund
Invest in this fund as part of a scientific Scripbox plan. Explore the plan below.
Tax Saver Plan

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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    Historical growth rate of 12% per annum
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    Recommended Duration > 5 years
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    3 Years
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    Save Tax

No single fund can achieve what a plan can. Learn why

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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.

Low

Low to Moderate

Moderate

Moderately High

High

Very High

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Very High Risk

1.97 %

Expense Ratio

Dec 28, 2015

Launched (6y ago)

₹ 7,252

AUM in Crores

INF769K01DK3

ISIN

3

Lock-in

IISL Nifty 200 TR INR

Benchmark

₹ 500

SIP Minimum

₹ 500

Lumpsum Min.

Fund Managers
user-avatar

Neelesh Surana

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 965,796 ₹ 233,18411.25%
EPF70% ₹ 900,761 ₹ 168,1498.50%
Property70% ₹ 867,662 ₹ 135,0507.00%
PPF70% ₹ 869,819 ₹ 137,2077.10%
Bank FD70% ₹ 846,471 ₹ 113,8596.00%
Gold70% ₹ 846,471 ₹ 113,8596.00%
Savings Bank70% ₹ 825,950 ₹ 93,3385.00%

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.

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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.

  • Inflation beating returns
    Inflation beating returns
  • Save Tax
    Save Tax
  • One click investing  tracking
    One click investing tracking
comparison

Comparison with Equity Funds

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17 Years

Age

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Track Record

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Aditya Birla Sun Life Focused Equity Fund (G)

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Recommended

Top Ranked

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Track Record

UTI Nifty Index Fund (G)

UTI Nifty Index Fund (G)

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Recommended

Top Ranked

21 Years

Age

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Track Record

HDFC Index Nifty 50 fund (G)

HDFC Index Nifty 50 fund (G)

Index Funds

Recommended

Top Ranked

19 Years

Age

5

Track Record

Kotak Bluechip fund (G)

Kotak Bluechip fund (G)

Large Cap

Recommended

Top Ranked

23 Years

Age

5

Track Record

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About the AMC

Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset Investment Managers (India) Private Limited manages assets worth 73,854 crores and was set up on 20 November 2006. It's current offering of mutual fund schemes includes 29 equity,36 debt and 9 hybrid funds.

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  • tel-amc-about
    022-67800300
  • mail-amc-about
    customercare@miraeasset.com
  • Mirae Asset Tax Saver Fund (G)

    Mirae Asset Tax Saver Fund (G)

    Tax Saving

    Recommended

    Top Ranked

    ₹ 7,251 Cr

    Fund Size

    16.6%

    3Y returns

    Mirae Asset Large Cap Fund (G)

    Mirae Asset Large Cap Fund (G)

    Large Cap

    Recommended

    Top Ranked

    ₹ 23,993 Cr

    Fund Size

    12.1%

    3Y returns

    Mirae Asset Tax Saver Fund of Income Distribution cum capital withdrawal (PIDCW-A)

    Mirae Asset Tax Saver Fund of Income Distribution cum capital withdrawal (PIDCW-A)

    Tax Saving

    Top Ranked

    ₹ 7,251 Cr

    Fund Size

    15.9%

    3Y returns

    Mirae Asset Large Cap Fund of Income Distribution cum capital withdrawal (PIDCW-A)

    Mirae Asset Large Cap Fund of Income Distribution cum capital withdrawal (PIDCW-A)

    Large Cap

    Top Ranked

    ₹ 23,993 Cr

    Fund Size

    10.7%

    3Y returns

    Mirae Asset Large Cap Fund of Income Distribution cum capital withdrawal (RIDCW-A)

    Mirae Asset Large Cap Fund of Income Distribution cum capital withdrawal (RIDCW-A)

    Large Cap

    Top Ranked

    ₹ 23,993 Cr

    Fund Size

    10.7%

    3Y returns

    growth

    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.

    • graph-icon-gray
      Historical growth rate of 12% per annum
    • graph-icon-gray
      Recommended Duration > 5 years
    • graph-icon-gray
      3 Years
    • graph-icon-gray
      Save Tax
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Mirae Asset Tax Saver Fund (Growth)

    Mirae Asset Tax Saver Fund (Growth)

    Equity

    Tax Saving

    Canara Robeco Equity Taxsaver fund (Growth)

    Canara Robeco Equity Taxsaver fund (Growth)

    Equity

    Tax Saving

    How does Scripbox rate funds?

    Proprietary system to rate mutual funds

    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?
    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.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Relative Size

    Relative Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Category View

    Category View

    We check if the sub-category of the fund is recommended by us.

    Consistency Of Performance

    Consistency Of Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Relative Size

    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

    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

    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 19.7% over a period of 6 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 2021-05-10 is ₹ 26.206. The total AUM (Asset Under Management) of the fund as of 2021-05-11 is ₹ 7251.317. The category risk of the Mirae Asset Tax Saver Fund (G) fund is Very High Risk. The fund charges 1.97 % as expense ratio.

    Mirae Asset Tax Saver Fund (G) Holdings

    The fund’s highest allocation is towards equity and has invested 99.6% in this asset class. The top three holdings of the fund are hdfc bank ltd,icici bank ltd and infosys 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 5 out of 5. Scipbox has rated this fund 5 out of 5 based on consistency of performance over various years / tenures.

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