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.
Fund Info
Scheme Type
Open-ended
Scheme Category
ELSS (Tax Savings)
Benchmark Type
S&P BSE 200
Scheme AUM (in Crs.)
₹ 1839.36
Expense Ratio
0.73%
Scheme Class
Equity
AMC AUM (in Crs.)
₹ 24191
Min Subscription
₹ 500
Min Addition Subscription
₹ 500
Building Graph
Peer Comparison
Portfolio Info
The Mirae Asset Tax Saver Fund invests predominantly in equity and equity related instruments of large-cap companies. The fund also invests very nominally in debt and other money market instruments to provide the fund with liquidity. Presently, the fund invests heavily in the Finance, FMCG, Energy and Healthcare sectors of the economy.
Top 10 Holdings
Asset Allocation(%)
Sector Allocation(%)
Mirae Mutual Fund
AUM
₹24,191 Cr
Mirae Mutual Fund
Investment Amount
₹10,000
Return Amount
₹4,185
Return Rate
6%
Duration
6y 0m
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Mutual Funds investments are subject to market risks, read all scheme related documents carefully.