The expense ratio of Mirae Asset Tax Saver Fund is as low as 0.64%, and it comes with nil exit load. The one-year and three-year returns are higher than that of the category average returns. However, the risk-adjusted returns are lower than the category.
Which Mirae fund is best?
Top 10 Mirae Asset Mutual Funds
|Fund Name||Category||Fund Size(in Cr)|
|Mirae Asset Tax Saver Fund||Equity||₹7,940|
|Mirae Asset Savings Fund||Debt||₹1,090|
|Mirae Asset Hybrid – Equity Fund||Hybrid||₹5,150|
|Mirae Asset Great Consumer Fund||Equity||₹1,271|
Which tax saver mutual fund is best?
The table below shows the top-performing ELSS mutual funds based on the past five year returns:
|Mutual fund||5 Yr. Returns|
|Mirae Asset Tax Saver Fund – Direct Plan – Growth||23.08%|
|Canara Robeco Equity Tax Saver Fund – Direct Plan – Growth||19.12%|
|Mirae Asset Tax Saver Fund||21.33%|
|Canara Robeco Equity Tax Saver Fund||18.05%|
How is Mirae ELSS fund?
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.
Is Mirae Asset Tax Saver Fund ELSS?
ELSS : Fund has 98.26% investment in indian stocks of which 56.87% is in large cap stocks, 17.35% is in mid cap stocks, 9.29% in small cap stocks. Fund has 0.01% investment in Debt of which .
Is Mirae Asset reliable?
Over the past three and five years, the fund has delivered 6.1% and 13.5%, respectively. Investors who seek exposure to both large- and mid-cap stocks can invest in good funds from the large- and mid-cap fund category. Mirae Asset Emerging Bluechip is a fine choice in this category.
Which investment fund is the best?
Top 10 most-popular investment funds: April 2021
|Rank||Fund||1-year return to 4 May (%)|
|2||Vanguard LifeStrategy 80% Equity||25.9|
|3||Baillie Gifford American||81.7|
|4||Vanguard LifeStrategy 60% Equity||18.7|
Which mutual fund is tax-free?
Aditya Birla Sun Life Tax Relief 96 Fund: The Aditya Birla Sun Life Tax Relief 96 Fund is an open-ended equity-linked savings scheme offered by Birla Sun Life Mutual Fund.
Top 10 Tax Saving Mutual Funds in India.
|Funds||Aditya Birla Sun Life Tax Plan Growth|
|1-Year Returns (%)||18.9|
Is Axis Blue Chip Fund Tax Saver?
Axis Long Term Equity Fund is an open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit. … 1.5 lakhs (along with other prescribed investments) under section 80C of the Income Tax Act, 1961. Tax savings of Rs. 46,800 mentioned above is calculated for the highest income tax slab.
Is ELSS taxable after 3 years?
The Long-Term Capital Gains on ELSS are tax-exempt up to Rs 1 lakh, and dividend received is tax-free in the hands of investors. You can continue to invest in this scheme even after the completion of the lock-in period of three years.
Which mutual fund is best?
India’s best performing mutual funds for Jun 2021
|Name of Fund||1-Year Return||5-Year Return|
|Canara Robeco Blue-Chip (G)||51.175%||16.978%|
|Axis Blue-Chip Fund (G)||46.009%||16.668%|
|Mirae Asset Large Cap (G)||53.951%||16.270%|
|Data Source: Morningstar|
Who is the owner of Mirae Asset?
Park Hyeon-Joo. Hyeon Joo Park, a South Korean magnate, is a representative investment strategist who is the founder of Mirae Asset Financial Group which consists of asset management, investment banking, stock brokerage, life insurance, venture capital, and other financial services.
What is the lock in period for Mirae Asset Tax Saver Fund?
Mirae Asset Tax Saver Fund is suitable for investors who are seeking* Growth of capital over long term. Invests predominantly in equity and equity related instruments: ELSS with a 3 year lock in period & tax benefits.
How do I redeem Mirae Asset Tax Saver?
Mirae Asset transact@ease is an online transaction platform for Investors of Mirae Asset Mutual Fund, which can be availed by accessing the link https://transact.miraeassetmf.co.in/investor. Our Investors can Purchase, Redeem or Switch units of Mirae Asset Mutual Fund from the comforts of their residence or office.
Is Mirae Asset Emerging Bluechip Fund Tax Saver?
Tax Savings funds from Mirae Asset Mutual Funds is an ELSS (Equity Linked Savings Scheme) The investment into the ELSS (Equity Linked Savings Scheme) fund qualifies for tax deduction of up to Rs. 1.50 lakhs per annum under Section 80C of the Income Tax Act, 1961.
How do I redeem Mirae Asset Mutual Funds?
Enter your Folio Number & Your Name (as appearing in your Folio) or PAN to check for Unclaimed Redemption. This field is required. We thank you for investing with Mirae Asset Mutual Fund.