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

Formerly Mirae Asset Tax Saver Reg DP

Mirae Asset Mutual Fund

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

EquityTax Saving

Top Ranked

23.755

NAV (Oct 21)

20.3%
5 Year CAGR
Scripbox Opinion

Top Ranked

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

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

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

9,832 Cr. Category leader in size

Category View

Superior. The category has a superior investment outlook

Consistency Of Performance

Consistently Good. The fund has performed well consistently over a period of time

Invest in this fund
Explore a better alternative to this fund with a Scripbox plan.
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.

  • graph-icon-gray
    Historical growth rate of 12% per annum
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    Recommended Duration > 5 years
  • graph-icon-gray
    3 Years
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    Save Tax

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

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Historical NAV

23.755

NAV (Oct 21)

Fund Returns

Last 1Y
61%
Last 3Y
26.2%
Last 5Y
20.3%
Last 10Y
NA
Since Inception
21.8%
6 Month CAGR
29.4%
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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

Expense Ratio
1.66
Launched (6y ago)
Dec 28, 2015
AUM in Crores
9831.968
ISIN
INF769K01DL1
Lock-in
3
Benchmark
IISL Nifty 200 TR INR
SIP Minimum
500
Lumpsum Min.
500
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%₹ 9,65,796 ₹ 2,33,18411.25%
EPF70% ₹ 9,00,761 ₹ 1,68,1498.50%
Property70% ₹ 8,67,662 ₹ 1,35,0507.00%
PPF70% ₹ 8,69,819 ₹ 1,37,2077.10%
Bank FD70% ₹ 8,46,471 ₹ 1,13,8596.00%
Gold70% ₹ 8,46,471 ₹ 1,13,8596.00%
Savings Bank70% ₹ 8,25,950 ₹ 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

Fund NameScripbox OpinionFund SizeTrack Record

SBI Focused Equity Fund (G)

recommended-badge

₹ 20,371 cr

5

recommended-badge

₹ 5,357 cr

5

recommended-badge

₹ 5,218 cr

5

recommended-badge

₹ 3,953 cr

5

recommended-badge

₹ 3,346 cr

5

amc-icon

About the AMC

Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset Investment Managers (India) Private Limited manages assets worth 95,457 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.

amc-img

  • tel-amc-about
    022-67800300
  • mail-amc-about
    customercare@miraeasset.com
  • Fund NameScripbox Opinion
    Till Date CAGR
    recommended-badge

    27%

    22.2%

    recommended-badge

    21.5%

    16.8%

    top-ranked-badge

    26.2%

    21.8%

    top-ranked-badge

    20%

    16.5%

    top-ranked-badge

    20%

    16.5%

    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 4-step 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.

    Fund Size

    Fund Size

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

    Sub-asset Class View

    Sub-asset Class View

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

    Fund Performance

    Fund 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.

    Fund Size

    Fund 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 Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

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    04

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    TRUST

    1. 4100+Crores
    2. 2500+Cities
    3. 7200+Customers
    We manage to deliver better strategies to people who trust us.

    We thrive on trust. You don’t need to just take our word for it! Get started with your wealth creation without worry.

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    Investing has helped me dream bigger for my life
    Dr. Shraddha BahirwaniSr. Dental Consultant

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

    About 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) is a Tax Saving Equity fund and has delivered an annualised return of 21.8% over a period of 5 years. The fund was previously known as Mirae Asset Tax Saver Reg DP . 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 of Income Distribution cum capital withdrawal (PIDCW-A) 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.

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

    The Mirae Asset Tax Saver Fund of Income Distribution cum capital withdrawal (PIDCW-A) fund was launched on Dec 28, 2015. The NAV (Net Asset Value) of this Tax Saving Equity fund as of 2021-10-21 is ₹23.75. The total AUM (Asset Under Management) of the fund as of 22/10/2021 is ₹9831.968. The category risk of the Mirae Asset Tax Saver Fund of Income Distribution cum capital withdrawal (PIDCW-A) fund is Very High Risk. The fund charges 1.66 % as expense ratio.

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

    The fund’s highest allocation is towards Equity and has invested 99.5% in this asset class. The top three holdings of the fund are , hdfc bank ltd , icici bank ltd , infosys ltd , reliance industries limited , axis bank ltd , state bank of india , tata consultancy services ltd , bharti airtel ltd , maruti suzuki india ltd , housing development finance corp ltd , tata steel ltd , jk cement ltd , mphasis ltd , kotak mahindra bank ltd , torrent pharmaceuticals ltd , voltas ltd , ambuja cements ltd , sun pharmaceuticals industries ltd , itc ltd , gujarat state petronet ltd , havells india ltd , hdfc life insurance company limited , dr reddy's laboratories ltd , larsen & toubro ltd , sbi life insurance company limited , muthoot finance ltd , kansai nerolac paints ltd , vinati organics ltd , hindustan unilever ltd , indian energy exchange ltd , mrf ltd , orient electric ltd ordinary shares , chemplast sanmar ltd , sbi cards and payment services ltd ordinary shares , skf india ltd , britannia industries ltd , max financial services ltd , sona blw precision forgings ltd , bharat petroleum corp ltd , balkrishna industries ltd , krishna institute of medical sciences ltd , ashok leyland ltd , equitas small finance bank ltd ordinary shares , icici lombard general insurance co ltd , greenply industries ltd , tata motors ltd , atul ltd , prince pipes and fittings ltd ordinary shares , power finance corp ltd , ceat ltd , natco pharma ltd , gateway distriparks ltd , zomato ltd , bharat electronics ltd , uti asset management co ltd , net receivables / (payables) , page industries ltd , cholamandalam investment and finance co ltd , triparty repo , dabur india ltd

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

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