MIRAE ASSET Tax Saver Fund * Return since Launch: 17.63% Invest Now

Mirae Asset Tax Saver Fund Overview

Mirae Asset Tax Saver Fund is an open-ended ELSS Fund. This fund is managed by Mr. Neelesh Surana. Mirae Asset Tax Saver Fund was launched on 28th December 2015. The benchmark of this fund is NIFTY 200 TRI. The exit load is zero for Mirae Asset Tax Saver Fund. The AUM of Mirae Asset Tax Saver Fund is Rs. 1949cr. (as on 30th April 2019). The risk of this fund is moderately high as this fund invests in equity. With the help of this fund you can save tax under section 80C up to Rs. 1.5lakh. Mirae Asset Tax Saver Fund has 98.06% investment in Indian stocks of which 75.38% is in large cap stocks, 16.11% is in mid cap stocks, 6.56% in small cap stocks.

Eligibility criteria of Mirae Asset Tax Saver Fund

  • Adult citizens residing in India.
  • Minor through legal guardians/parents.
  • Limited liability partnership.
  • Religious and charitable trusts.
  • Banking and financial institutions
  • Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
  • The Karta of Hindu Undivided Family (HUF)
  • Persons of Indian origin residing abroad (PIOs) or Non-Resident Indians can apply for subscription either on repatriation basis or on non-repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
  • Foreign Institutional Investors (FIIs) who have registration under the Securities and Exchange Board of India on repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
  • Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
  • Other schemes of Mutual Funds subject to the conditions and limits prescribed by SEBI Regulations.

Documents required for Mirae Asset Tax Saver Fund

KYC Documents:

  • PAN Card
  • Adhaar Card
  • Voter’s ID
  • Passport Size Photo
  • Download the KYC form
  • The investors will be issued an acknowledgement receipt which he/she needs to submit while applying for subscribing for a mutual fund scheme.

Advantages of Mirae Asset Tax Saver Fund

  • Small investment option.
  • Well organized investment.
  • Quick purchase and sell option.
  • You can track your investment.
  • You can invest in either SIP or lump sum way.
  • Mirae Asset Tax Saver Fund is managed by experienced professionals.
  • Mirae Asset Tax Saver Fund gives tax benefit under section 80C the maximum amount is Rs. 1.5lakh.
  • All Mutual Fund Companies are regulated by SEBI so no one will fly away with your hard earned money.
*Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not an indicator of future returns.