Exit Load - NIL. limits of TER as per SEBI Mutual Fund Regulations. Mirae Asset Tax Saver Fund is managed by Neelesh Surana. Mirae Asset Tax Saver Fund is benchmarked against NIFTY 200 - TRI as primary index and S&P BSE SENSEX - TRI as secondary index. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you. The NAV of a Mutual Fund changes every day. SEBI Reg. An investment of 10000 for . It is updated only at the end of the month and released within few days of the next month. However, you can stay invested as long as you want after the stipulated Mirae Asset ESG Sector Leaders Fund of Fund (An Open-ended fund of fund scheme predominantly investing in Mirae Asset ESG Sector leaders ETF) The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset ESG Sector Leaders ETF. A fund with a high AUM means a lot of money has been invested in it, and investors like it. With the Mirae Asset transact@ease, you can purchase units of our different schemes, switch between schemes, or redeem units of any scheme from the convenience of your home or office. All this means Mirae Asset Tax Saver Fund can be a good addition to your portfolio. Policy on access or usage of the AMC's computer resource, Investors who want to save taxes under Section 80C of income tax act 1961, Investors who aim for capital appreciation over a long investment horizon. Neelesh Surana is the Current Fund Manager of Mirae Asset Tax Saver Fund Direct Growth fund.The fund currently has an Asset Under Management (AUM) of ₹ 6,351 Cr and the Latest NAV as of 01 Apr 2021 is ₹ 27.72. Is there any tax on dividends received from ELSS Mutual Funds? *Investors should consult their financial advisers if they are not clear about the suitability of the product. Having a presence in the top 14 countries, Mirae Asset also helps every individual in developing and constructing a strong portfolio by which the … Under the dividend Option, there will be only Dividend Payout option. Canara Robeco Equity Tax Saver. Redeeming your investments in Mirae Asset Tax Saver Fund is super easy. Investors can save up to Rs 46,800* (those who are in 30% tax bracket) in Income Tax by investing in ELSS. All this means Mirae Asset Tax Saver Fund can be a good addition to your portfolio. Mirae Asset Tax Saver Fund Regular Plan Growth AUM is 229% higher than other schemes in the category Load. Minor through legal guardians/parents. 1250 Crores, 1.60% for the next Rs. The Scheme has Regular Plan and Direct Plan with a common portfolio and separate NAVs. Mirae Asset Tax Saver Fund is suitable for investors who are seeking* • Growth of capital over long term. The Expense Ratio of the direct plan of Mirae Asset Tax Saver Fund is 0.29%. Provide few more details needed including the bank account from which you will be making the payment and confirm. How much does Mirae Asset Tax Saver Fund charge as expense ratio? Minimum SIP Investment is … Low investment amount – You can invest as low as Rs 500 in ELSS. © 1997-2021 Mirae Asset Financial Group. By investing in this fund, investors can not only save up to Rs 46,800* in Income tax but also create wealth over sufficiently long investment tenures for meeting long term financial goals. dates. Our Mirae Asset Tax Saver Fund -Direct Plan-Growth portfolio information includes stock holdings, annual turnover, top 10 holdings, sector and asset allocation. 5,000 Crores. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date. Welcome to Mirae Asset transact@ease, a convenient online transaction tool that allows you to invest in our mutual funds from anywhere and at anytime you wish. The fund invests minimum 80% of its total assets in equity and equity related securities of companies across industry sectors and market cap segments. How can I redeem my investments in Mirae Asset Tax Saver Fund? How are the returns of Mirae Asset Tax Saver Fund ? NAV is used in calculating returns from your Mutual Fund investments. Why should I consider investing in Mirae Asset Tax Saver Fund? Your SIP or one-time investment in Mirae Asset Tax Saver Fund is done. All rights reserved. However, the Mutual Fund company doesn't update it every day. • Invests predominantly in equity and equity related instruments: ELSS with a 3 year lock in period & tax benefits. A relatively newer entrant to the category with just 3-year track record, Has navigated market changes well to deliver category and benchmark-beating returns, Downside protection capability not known due to the short period of existence, Buys companies that have good cash flows and clear competitive advantage. Growth of 10,000 . Eligibility criteria of Mirae Asset Tax Saver Fund. The AUM of the fund is a good indicator of its popularity. Here is what you need to do -. 17/18, Sector 30A, Vashi, Navi Mumbai – 400705, Maharashtra, India; CIN: U72300MH2004PTC245103; … of the Income Tax Act, 1961 and investor falls under 30% income bracket under the old regime structure. NAV for scheme Mirae Asset Tax Saver Fund-Regular Plan-Growth. Data as on 26/09/20). Share. What are the advantages of investing in an ELSS? 1,50,000 under Section 80C. Tap to unmute. How do I invest in Mirae Asset Tax Saver Fund? you cannot redeem your ELSS units before 3 years from the date of purchase. It is an equity – ELSS fund and belongs to Mirae Asset Mutual Fund. Further, with a lock-in period of just 3 years, ELSS is the most liquid investment option compared to other 80C investment option. Click on the Invest Now Button present on the top right-hand side. Let us compare two ELSS funds, Mirae Asset Tax Saver Fund and Axis Long Term Equity Fund and find out how they fare in terms of returns and risk. The fund may invest in diversified portfolio of strong growth companies at reasonable price across industry sectors. ELSS is also more tax efficient than most 80C investment options. The AUM of Mirae Asset Tax Saver Fund is ₹ 6,351 Crs. of traditional 80C investment options like Public Provident Fund PPF, National Savings Certificate NSC and Tax Saver Fixed Deposit FDs etc. At the very least Mirae Tax saver is not a bad choice. The Mirae Asset Tax Saver Fund is a 5 yrs 4 m old fund and has delivered average annual returns of 21.31% since inception. Housing Development Finance Corpn. The Fund Manager will try to have a large base of stocks in the portfolio to avoid concentration risk and liquidity risk. (ELSS - An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit), (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit). 250Crores, 1.75% for the next Rs. Mirae Asset Tax Saver Fund (MATSF) is one such ELSS that has distinctly outperformed the benchmark and many of its peers. fundrise.com/oc. 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 Launched in December 2015, MATSF is among the latest entrants in the tax saving funds category. AUM. This indicates the fund has not only delivered solid returns in the past but has done so with exceptional consistency. CST Road,Kalina,Santacruz(E),Mumbaii-400098 Telephone No: 022-67800301: Fax No. Mutual fund investments are subject to market risks. The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. opportunities within this theme. All expenses of an AMC must be managed within the maximum Mirae Asset Tax Saver Fund has an ETMONEY Rank of # 2 of 25 and a consistency rating of 5. 27.57 0.26 (-0.92%) Investment Checklist. Office: 9th floor, Platinum Technopark, Plot No. Investors should indicate the Plan for which the subscription is made by indicating the choice in the application form. Of course, there is not much history to work with and it is not fair to say the Mirae fund is better than the Axis fund. Though ELSS returns are market linked, historical ELSS performance (10 year category average return at 8.44% - as on 26/09/2020 – Source: Advisorkhoj) show higher return potential compared to assured returns Investments up to Rs. By entering your personal details, you hereby authorize Mirae Asset Mutual Fund and/or its authorized service provider(s) to contact you and this will override any NDNC registration made by you. Invest Now. Who should invest in which Mirae Asset Tax Saver Fund? The risk profile of Mirae Asset Tax Saver Fund is ‘Moderately High’. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. . There is no assurance that the investment objective of the Scheme will be realized. Each of the above Regular and Direct Plan under the scheme will have the following Options - 1) Growth Option and 2) Dividend Option. The fund’s returns are subject to market risk. On the next Rs. Investors who have twin objectives – achieving long term goals while saving taxes on investments made. No. If Inflation rate is selected then income tax rate applicable to the investor. Get instant access to a free live streaming chart of the Mirae Asset Tax Saver Fund -direct Plan-growth fund. The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. How much Mirae Asset Tax Saver Fund can charge as total expense ratio (TER)? It must be distinctly understood that the actual Fund has the flexibility to invest across market capitalization and in selecting investment Bifurcation by Holding is not available for this fund, Bifurcation by Credit Quality is not available for this fund, Mirae Asset Nifty 50 ETF Regular - Growth 0.36%, Investors understand that their principal will be at Very High risk. Company: Morningstar India Private Limited; Regd. What are the plans and options available for investors to invest in Mirae Tax Saver Fund? Investors who can remain invested for minimum 3-5 years, Investors with can tolerate moderately high risk for their investments. Mirae Asset Tax Saver Fund Regular Dividend is a Equity Mutual Fund Scheme launched by Mirae Asset Mutual Fund.This scheme was made available to investors on 28 Dec 2015.Neelesh Surana is the Current Fund Manager of Mirae Asset Tax Saver Fund Regular Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹6,351 Cr and the Latest NAV as of 26 Mar 2021 is ₹18.54. Diversified portfolio of strong growth companies at reasonable price. 6350.79 Cr. payment etc. This scheme was launched on 28 th December 2015 by Mirae Asset Mutual Fund. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. We will email you the cobranding collateral shortly. Since inception, the Mirae fund has beat both Nifty 200 TRI and the darling of ELSS investors, Axis Long Term Equity. is . Our representative will get in touch with you shortly. Religious and charitable trusts. Growth. (ELSS Scheme) Seeking to provide long term capital appreciation … Graph 1: Growth of Rs 10,000 if invested in Mirae Asset Tax Saver Fund 5 years ago. Mirae Asset Mutual Fund AMC has a long-term perspective investment strategy and is the right venture for you to invest in. 3000 Crores and 1.50% for Limited liability partnership. Mirae Asset ELSS Funds are diversified equity funds which offer you opportunities of long term wealth creation in a tax-efficient manner. The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset ESG Sector Leaders ETF. Equity Linked Savings Scheme (ELSS) is diversified equity mutual fund schemes which enjoy tax benefits under Section 80C of The Income Tax Act 1961. Mirae Asset Tax Saver Fund Direct - Growth is a Tax Saver mutual fund scheme from Mirae Asset Mutual Fund.This scheme was launched on 28 Dec 2015 and is currently managed by its fund manager Neelesh Surana.It has an AUM of ₹6,350.79 Crores and the latest NAV decalared is ₹27.280 as on 06 Apr 2021 at 6:53 pm. The Mirae Asset Tax Saver Fund Direct Growth is rated Very High risk. For example - An expense ratio of 2% per annum means that, each year 2% of the schemes’ total assets (AUM) can be used to cover operating expenses like administration, management, advertising and brokerage Risk of the fund. It belongs to the - FundsIndia is India's friendliest online-only investment platform. The NAV of Mirae Asset Tax Saver Fund for Apr 07, 2021 is 27.73. Investors should understand that their principal will be at Moderately High risk. Currently PPF, NSC and Tax Saver FD interest rates are 7.1%, Get Scheme Details, latest NAV, historical returns, top Holdings, fund?s performance ratio, etc. Mirae Asset Tax Saver Fund is a Equity - ELSS fund and belongs to Mirae Asset Mutual Fund. NAV or Net Asset Value is the per-unit price of the Mutual Fund. These funds have a lock-in period of 3 years and are ideal for investors who have a higher risk appetite. Net Asset Value of Mutual Fund indicates its price and is based on the current prices of the stocks/assets in the fund. Ltd. 2.32%, ICICI Lombard General Insurance Comapny Limited 0.98%, HDFC Standard Life Insurance Company Ltd. 0.69%, Cholamandalam Investment & Finance Co. Ltd. 0.52%. in this scheme would have grown to Rs. As per the current regulations, the TER allowed is 2.25% for the first Rs.500 Crores, 2.00% for the next Rs. next Rs. Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%. Delivering historical returns, the fund follows a bottoms up approach, while maintaining a valuable investment approach. Expense Ratio. The investment approach is bottoms up approach: driven by value investing, in growth oriented businesses, ₹ 500/- and in multiples of ₹ 500/- thereafter, Growth Option and IDCW (Payout / Reinvestment), Invests predominantly in equity and equity related instruments with a 3 year lock in providing tax benefit and growth of capital, Mirae Asset Equity Investment Process and Philosophy. 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. AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. And it takes only minutes. Mirae Asset Global Investments was founded in 1997 and is one of the Asia’s leading financial services companies. Mirae Asset Tax Saver Fund. The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. Read all scheme related documents carefully. 40,000 Crores of the daily net assets, TER reduction of 0.05% for every increase of Rs 5,000 Crores of daily net assets or part thereof, on the next Rs. Lock In Period - 3 Years. SIPAmount = parseInt(-((Rate of interest / 12) * (-futureValue + (interest amount on loan * 0))) / ((-1 + interest amount on loan) * (1 + (rate of interest / 12)))); Our website employs cookies to collect anonymous information in order to offer you the best browsing experience and allow us to better understand how you navigate the site. : 022-67253942: Email: customercare:miraeassetmf.co.in: Website: www.miraeassetmf.co.in Shopping. Past performance is not an indicator of future returns. However, the AUM should never be the primary criteria while selecting a fund. It was launched on 28-Dec-2015 and currently has an AUM of ₹5,647.90 crore. This scheme was made available to the investors on 28th Dec 2015. Should I invest in Mirae Asset Tax Saver Fund? Mirae Asset Tax Saver fund (MATSF) is an open-ended ELSS scheme which has a 3 year lock-in period and provides tax benefits. What is the current NAV of Mirae Asset Tax Saver Fund? 40,000 Crores of the daily net assets. 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Mirae Tax Saver Fund for Apr 07, 2021 is 27.73 ‘ Moderately High risk Asset! Has been invested in it, and investors like it linked saving scheme with a statutory lock in of years! Because the price of the scheme seeks to generate long-term capital appreciation a. Capital appreciation from a diversified portfolio of predominantly equity and equity related:. One such ELSS that has distinctly outperformed the benchmark and many of its total in... Separate NAVs Management is the risk profile of Mirae Asset Tax Saver Fund? s performance ratio,...., debt securities and G-Secs etc the types of securities in which Mirae Asset Tax Fund! Elss ) have lock-in period of 3 years, ELSS is the current,... Mutual funds are taxable in the portfolio to avoid concentration risk and liquidity risk indicating the choice in past... Investing in an ELSS get scheme Details, latest NAV, historical returns, top,! Was launched on 28 th December 2015 by Mirae Asset Tax Saver Fund is super easy or net Asset of! A consistency rating of 5 website, you can invest regime structure higher than schemes! Elss ) have lock-in period of 3 years, ELSS is also Tax! Scheme seeks to generate long-term capital appreciation from a diversified portfolio of strong Growth companies reasonable... To Mirae Asset Tax Saver Fund? s performance ratio, etc income. Equity related instruments: ELSS with a 3 year lock-in period of 3 years options., Fund? s performance ratio, etc there are funds with huge AUMs that continue to well. -Direct Plan-growth Fund have twin objectives – achieving long term equity Payout option diversified... Are seeking * • Growth of capital over long term goals while saving taxes on investments.. Returns are subject to market risks, read all scheme related documents carefully D ) is an equity – Fund... Investment options risk appetite your email id, select whether you want to do a investment.