Things you should consider
- RiskometerInvestors understand that their principal will be at Moderately High risk.
- Annualized return for the last 3 years6.79%?Return generated by the fund in the specified time. For time periods less than or equal to 1 year, returns are absolute whereas for periods greater than 1 year, returns are annualized.
- Suggested Investment Horizon>3 years?The minimum time required for holding investments in the fund to reduce its downside risk and ensuring that the returns become more predictable.
- Average time taken to double the money since inception3 years 3 months?The average time taken by the fund to double investor’s money. Daily rolling frequency is considered to compute the average time.
Fund NAV Range
Current vs Stated Allocation
Top 5 Peer Comparison
Mirae Asset Tax Saver Fund is an open-ended equity linked saving scheme (ELSS) with a compulsory lock-in period of 3 years and comes with tax benefits under Section 80C of the Income Tax Act. The fund currently manages assets worth of Rs 2,201.51 crore. The scheme has been a consistent performer in the ELSS category.
The investment objective of the fund is to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments, according to Mirae Asset Mutual Fund.
Minimum investment required is Rs 500, and minimum additional investment is Rs 500. Minimum SIP investment is also Rs 500.
Mirae Asset Tax Saver Fund is managed by Neelesh Surana who has been managing the fund since December, 2015.
The suggested investment horizon for investing in Mirae Asset Tax Saver Fund is three years and above. As per Mirae Asset Mutual Fund, the fund is suitable for investors who have moderately high risk tolerance and who are seeking growth of capital over long term.