Organisation : Mirae Asset MF
Scheme Name : Mirae Asset Tax Saver Fund
Applicable State/UT : All India
Website : https://www.miraeassetmf.co.in/mutual-fund-scheme/equity-fund/mirae-asset-tax-saver-fund
What is Mirae Asset Tax Saver Fund?
Mirae Asset Tax Saver Fund is an open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit). Equity Linked Savings Scheme (ELSS) is diversified equity mutual fund schemes which enjoy tax benefits under Section 80C of The Income Tax Act 1961. ELSS Mutual Funds are also known as Tax Saver Funds as investors can claim deduction of up to Rs 150,000 in a financial year from their taxable income by investing in these schemes.
Related / Similar Facility : Mirae Asset Large Cap Fund
Investment Strategy
** Flexibility to invest across market capitalization, theme and investment styles.
** Diversified portfolio of strong growth companies at reasonable price.
** The investment approach is bottoms up approach: driven by value investing, in growth oriented businesses
Minimum Investment Amount
₹ 500/- and in multiples of ₹ 500/- thereafter
How To Invest Mirae Asset Tax Saver Fund?
To Invest Mirae Asset Tax Saver Fund Online, Follow the below steps
Step-1 : Go to the link https://transact.miraeassetmf.co.in/investor/General/CreateUser.aspx
Step-2 : Click on the “Register” link
Step-3 : Fill the Online Registration Form and Submit
Step-4 : After successful registration, you can invest online.
FAQ On Mirae Asset Tax Saver Fund
Frequently Asked Questions FAQ On Mirae Asset Tax Saver Fund
What are the types of securities in which Mirae Asset Tax Saver Fund can invest?
The fund invests minimum 80% of its total assets in equity and equity related securities of companies across industry sectors and market cap segments. The fund can also invest 0-20% of its total assets in money market instruments, debt securities and G-Secs etc.
What is the investment objective of Mirae Asset Tax Saver Fund?
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.
What is the investment framework of Mirae Asset Tax Saver Fund?
The fund may invest in diversified portfolio of strong growth companies at reasonable price across industry sectors. Fund has the flexibility to invest across market capitalization and in selecting investment opportunities within this theme.
The fund has bottom-up approach to investment with focus on companies delivering visible and sustainable earning growth, and which are available at reasonable valuations.
The fund follows Mirae Asset’s Equity investment philosophy of selecting businesses based on Large Market Opportunity, Sustainable Competitive Advantages, ROI and run by management with good Corporate Governance & thought leadership. The Fund Manager will try to have a large base of stocks in the portfolio to avoid concentration risk and liquidity risk
What is the risk profile of Mirae Asset Tax Saver Fund?
The risk profile of Mirae Asset Tax Saver Fund is ‘Moderately High’. Investors should understand that their principal will be at Moderately High risk.
What are the plans and options available for investors to invest in Mirae Tax Saver Fund?
** The Scheme has Regular Plan and Direct Plan with a common portfolio and separate NAVs. Investors should indicate the Plan for which the subscription is made by indicating the choice in the application form.
** On payment of dividend, the NAV of the units under Dividend option will fall to the extent of the dividend payout and applicable statutory levies, if any. It must be distinctly understood that the actual declaration of dividend and frequency thereof is at the sole discretion of Board of Directors of the Trustee Company.