View Performance of the funds managed by the Fund Manager
(Erstwhile known as Mirae Asset Tax Saver Fund)
(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
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
An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Mr. Neelesh Surana (since Inception)
28th December, 2015
Tier 1: NIFTY 500 (TRI)
Tier 2: Nifty 200 (TRI)
₹ 99 and in multiples of ₹ 500/- thereafter
₹ 500/- and in multiples of ₹ 500/- thereafter
Regular Plan and Direct Plan
Growth Option and IDCW (Payout / Reinvestment)
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Recommended Investment Horizon
3+ Years
Invests predominantly in equity and equity related instruments with a 3 year lock in providing tax benefit and growth of capital
Wealth Creation and Tax Saving
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Record date | Div. Ind (₹) | Div. Corp (₹) | Cum Nav (₹) |
For Historic Dividend Click here
Mirae Asset Equity Investment Process and Philosophy
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. Equity Linked Savings Schemes (ELSS) have lock-in period of 3 years, i.e. you cannot redeem your ELSS units before 3 years from the date of purchase. If you are investing in ELSS through Systematic Investment Plan (SIP), each instalment will be locked in for 3 years from their respective investment dates.
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.
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.
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
With effect from this financial year (2020-21), dividends received from Mutual Funds are taxable in the hands of the investor. The dividend has to be added to the total income of the investor and taxed at the income tax rate applicable to the investor. TDS at the rate of 10% will be deducted by AMC, if the dividend from mutual funds exceeds Rs 5,000 in a financial year.
The fund’s returns are subject to market risk. The returns of the funds can be volatile and even negative depending on market conditions. Past performance of the fund may or may not be sustained in the future*.
*Assuming the investor has invested Rs. 1,50,000 under Section 80C. of the Income Tax Act, 1961 and investor falls under 30% income bracket under the old regime structure.
(Erstwhile known as Mirae Asset Tax Saver Fund)
(ELSS - An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)(Erstwhile known as Mirae Asset Tax Saver Fund)
(ELSS - An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)67
32
62
Name | Allocation |
*Data as on 31st March, 2022.
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If Inflation rate is selected then
futureValue = Future value considering the inflation rate
else
Calculate on current value.
SIPAmount = parseInt(-((Rate of interest / 12) * (-futureValue + (interest amount on loan * 0))) / ((-1 + interest amount on loan) * (1 + (rate of interest / 12))));
Annual Return = (Last NAV of the year - Last NAV of the previous year) / Last NAV of the previous year
For more details, please visit the AMFI website
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