Mirae Asset Tax Saver Fund -Direct Plan
The Mirae Asset Tax Saver Fund is an actively managed, open-ended equity fund that invests dynamically across market sectors. The fund follows a growth style of investing and employs a blend of top-bottom and bottom-top analysis while stock picking. The Mirae Asset Tax Saver Fund is an Equity Linked Saving Scheme (ELSS) under section 80C of the Income Tax Act, 1961 and, therefore, receives a tax exemption of up to Rs.1.5 lakhs. As this is an ELSS the fund carries a mandatory 3-year lock-in. The mandatory 3-year lock-in is a good idea as funds of this nature are known to provide their best returns in investment cycles of 3 years or more. This fund is suitable for investors seeking long-term capital appreciation through investments in a diverse set of equity stocks. As this fund has a high exposure of equity stocks investors should have a high capacity for risk.
Scheme Type
Open-ended
Scheme Category
ELSS (Tax Savings)
Benchmark Type
S&P BSE 200
Scheme AUM (in Crs.)
₹ 1133.38
Expense Ratio
0.36%
Scheme Class
Equity
AMC AUM (in Crs.)
₹ 21035
Min Subscription
₹ 500
Min Addition Subscription
₹ 500
Performance
Comparison
Portfolio
Details
Analysis
AMC Details
Launch Date
30 Nov 2007
Sponsor
NA
Email
customercare@miraeassetmf.co.in
Phone
022 - 67800300
Address
Unit No.606, Windsor Building Off.,C.S.T Road, Kalina Santacruz E, Mumbai - 400 098
Tax Implications
Short Term Capital Gain (Holding period < 12months):
17.16% - 17.94%
(15% + Surcharge @ 10%-15% + 4% Health & Education Cess.)
Long Term Capital Gain:
10% without indexation & without foreign currency conversion benefit + Surcharge @10%-15% + 4% Health & Education Cess
Taxation on Dividends:
10%
(Dividend Distribution Tax is paid by the mutual funds and not by investors.)
Risk
Moderately High
Exit Load
No Exit load, if redeemed after 0 years.
Scheme Information Document (SID)
Read mutual fund scheme information document on AMC website to know fund information in detail.
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.
Suitability
Growth of capital over long term.
• Investment predominantly in equity and equity related instruments
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