Mirae Asset ELSS Tax Saver Fund - Regular Plan - Growth

Mirae Asset Tax Saver Fund Regular Plan Growth

Mirae Asset Tax Saver Fund is an open-ended equity-linked savings scheme or ELSS. It follows the bottoms-up approach of investing that is driven by value investing in growth-oriented companies. The scheme was launched in December 2015 and has garnered a CAGR of over 14 percent for its investors in the past five years. Mirae Asset Tax Saver Fund is a great pick for investors seeking to create wealth while saving income tax on their earnings.  

Entry and Exit Load

The entry and exit load for Mirae Asset Tax Saver Fund is nil.  

Minimum Investment Amount  

The minimum amount for a lump sum as well as a systematic investment plan or SIP in Mirae Asset Tax Saver Fund is INR 500.  

Fund Manager

Mr. Neelesh Surana has been managing Mirae Asset Tax Saver Fund since its inception.

Lock-in Period

All equity-linked savings schemes, including Mirae Asset Tax Saver Fund, have a lock-in period of three years. Thus, investors are not allowed to redeem their Mirae Asset Tax Saver Fund units within three years of investment.  

Other Funds by Mirae Asset Mutual Fund

Mirae Asset Emerging Bluechip Fund Regular Plan - Growth Option

Mirae Asset Great Consumer Fund - Regular Plan - Growth option

Mirae Asset Large Cap Fund - Growth Plan

Mirae Asset Hybrid-Equity Fund - Regular Plan - Growth

Mirae Asset Dynamic Bond Fund-Regular Plan Growth

Mirae Asset Savings Fund-Regular Savings Plan - Growth

You can invest in all the above Mirae Asset mutual fund schemes and many more on ZFunds.  

Why Invest in Mirae Asset Tax Saver Fund ?

There are several reasons to choose Mirae Asset Tax Saver Fund. These include: 

Potential for tax savings: Mirae Asset Tax Saver Fund offers investors the opportunity to save taxes under Section 80C of the Income Tax Act. By investing in this fund, individuals can reduce their taxable income by up to ₹1.5 lakh, helping them optimize their tax liability while generating potential long-term wealth.

Experienced fund management team: The fund is managed by a team of experienced Best equity mutual fund managers who possess in-depth knowledge of the market and have a proven track record of delivering consistent returns. Their expertise in identifying high-growth potential stocks can benefit investors in the long run.

Diversified portfolio: Mirae Asset Tax Saver Fund follows a diversified investment approach, spreading investments across various sectors and market caps. This strategy helps mitigate risks and capture opportunities arising from different market conditions. The fund's diversified portfolio provides investors with exposure to a wide range of quality companies and sectors.

Focus on growth-oriented stocks: The fund primarily focuses on investing in growth-oriented stocks with strong fundamentals and long-term growth potential. These stocks are carefully selected based on rigorous research and analysis, aiming to deliver capital appreciation over the long term. This approach aligns with investors seeking wealth creation opportunities while enjoying tax benefits.

Consistent performance: Mirae Asset Tax Saver Fund has a track record of delivering consistent returns over the years, outperforming its benchmark and peer group in various market cycles. The fund's ability to generate attractive risk-adjusted returns has garnered the trust and confidence of investors. Thus, investors seeking tax-saving mutual funds with high returns can invest in Mirae Asset Tax Saver Fund. 

Investing in Mirae Asset Tax Saver Fund provides the dual advantage of potential tax savings and the potential for long-term wealth creation through a well-managed portfolio of growth-oriented stocks. However, it is essential for investors to carefully evaluate their investment goals, risk appetite, and consult with a financial advisor before making investment decisions.

Frequently Asked Questions about Mirae Asset Tax Saver Fund

Q. What is an equity-linked savings scheme or ELSS ?  

A. Also referred to as tax saver funds, equity-linked savings schemes allow investors to enjoy tax benefits under Section 80C of the Indian Income Tax Act. One can invest in such schemes to claim a deduction of up to INR 1,50,000 from their taxable income in a financial year. An ELSS has a lock-in period of three years; thus, one cannot redeem their ELSS units before three years from the date of purchase.  

Q. Should I invest in Mirae Asset Tax Saver Fund ?  

A. Mirae Asset Tax Saver Fund is a good option for investors with minimum three to five years’ investment horizon. Moreover, the scheme has given impressive returns in the past.  

Q. What is the current expense ratio for the Mirae Asset Tax Saver Fund Regular Growth option ?  

A. The expense ratio for Mirae Asset Tax Saver Fund Regular Growth plan is 1.71.  

Q. What are some other tax saver funds ?  

A. Quant Tax Plan, Canara Robeco Equity Tax Saver Fund, Kotak Tax Saver Scheme, DSP Tax Saver Fund, PGIM India ELSS Tax Saver Fund, IDFC Tax Advantage (ELSS) Fund, and Tata India Tax Savings Fund are some other equity-linked savings schemes or tax saver funds. You can find all of these and many more on ZFunds.  

Q. Can I invest in Mirae Asset Tax Saver Fund on ZFunds ?  

A. You can easily invest in Mirae Asset Tax Saver Fund on ZFunds. You can also get in touch with our representatives for their expert investment advice.