Maximize Returns with Mirae Asset Tax Saver Fund Regular Growth

The Mirae Asset Tax Saver Fund Regular Growth is a great option for those looking to maximize their returns. This fund has a 5-year track record of consistent performance.

By investing in this fund, you can take advantage of the benefits of a long-term investment strategy. This fund has a 5-star rating from a leading investment research firm.

One of the key benefits of the Mirae Asset Tax Saver Fund Regular Growth is its tax efficiency. The fund has a tax efficiency ratio of 0.85, which is higher than the industry average.

With a minimum investment of ₹500, this fund is accessible to a wide range of investors.

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The Mirae Asset Tax Saver Fund Direct Plan Growth is an Equity Linked Savings Scheme (ELSS) with a statutory lock-in of 3 years and tax benefit.

The fund offers an attractive blend of potential wealth creation and tax benefits, further enriched by a strategically diversified portfolio.

The minimum investment required for this fund is ₹500, which is the same for both lumpsum and SIP investments.

You can invest as little as ₹500 for a lumpsum investment, or set up a systematic investment plan (SIP) with the same minimum amount.

The minimum additional investment is also ₹500, so you can add to your investment as needed.

Here's a summary of the minimum investment and withdrawal requirements:

With no exit load, you can withdraw your investment without incurring any additional fees.

The Mirae Asset ELSS Tax Saver Fund has delivered impressive returns, with a 1-year return of 9.4%, a 3-year return of 14.29%, a 5-year return of 19.26%, and a since inception return of 18.97%.

The fund's expense ratio is a relatively low 0.57%, which means less of your investment goes towards management and operating costs. This translates to higher net returns for investors.

Here are the fund's key performance metrics:

The fund has a mandatory lock-in period of 3 years, which means you'll need to hold onto your investment for at least that long.

Let's take a closer look at the rankings of the fund. Over the past 1 year, it ranked 28th within its category, with a return of 13.9%. This is slightly below the category average of 15.7%.

The fund's 3-year performance is a bit better, with a ranking of 24th and a return of 13.0%. It's worth noting that the category average over this period was 14.0%.

In the 5-year timeframe, the fund's ranking jumped to 13th, with a return of 20.0%. This is a significant improvement over the category average of 18.4%.

Here's a summary of the fund's rankings over the past 1, 3, and 5 years:

The Return section is crucial when evaluating a fund's performance. The Mirae Asset ELSS Tax Saver Fund has delivered impressive returns over the years.

The fund's 1-year return stands at 9.4%, while its 3-year return is a respectable 14.29%. This is a significant increase from its 5-year return, which is 19.26%. The fund's since inception return is also noteworthy, clocking in at 18.97%.

On a similar theme: What Is a Tax Return

Here's a breakdown of the fund's returns over the years:

These returns are quite impressive, and it's essential to consider the fund's expense ratio, which is 0.57%. This means that the fund's management and operating costs will deduct a portion of the returns from investors.

Keep in mind that the fund has a mandatory lock-in period of 3 years, so investors should be prepared to hold on to their investment for at least that long.

When investing in the Mirae Asset Tax Saver Fund, it's essential to consider the risks involved.

The Expense Ratio is a crucial factor to consider, as it can have a significant impact on your net profits.

This fee is calculated by dividing the total expenses incurred by the total value of the assets held by the mutual fund.

The Expense Ratio is a crucial factor to consider while investing in mutual funds. It's an annual fee that fund managers charge for their services.

Mutual funds charge this fee to cover the costs of running the fund, including expenses that can add up quickly. This fee can have a significant impact on your net profits.

The Expense Ratio is calculated by dividing the total expenses incurred by the total value of the assets held by the mutual fund.

Exit load is a fee charged by some mutual funds and other investment products when you withdraw your money before a certain period. This period can vary, but it's often a year or more.

If you withdraw your investment within this period, you'll be charged an exit load, which can range from 1% to 5% of your investment amount. For example, if you have a mutual fund worth $10,000 and it has a 2% exit load, you'll be charged $200 if you withdraw your money within the specified period.

Some investment products may have a more complex exit load structure, with different fees applying to different types of withdrawals. For instance, a product might charge a higher exit load if you withdraw a large portion of your investment at once.

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The Mirae Asset ELSS Tax Saver Fund Direct Growth has a Current Fund Manager, Neelesh Surana, who oversees the fund's investments.

This fund has a very high risk rating, so it's essential to consider your investment goals and risk tolerance before investing.

The fund's Asset Under Management (AUM) is a significant ₹1,81,758 Cr, indicating a substantial amount of investor interest and trust in the fund.

You can invest a minimum of ₹500 through Systematic Investment Plans (SIPs) or lump sums, making it accessible to a wide range of investors.

Mirae Asset Mutual Fund offers a variety of schemes to choose from, with a total of 41 schemes available.

The minimum investment required for a lumpsum investment in Mirae Asset ELSS Tax Saver Fund Regular-Growth is ₹500.

The fund house has a strong presence in India, ranking #13 in terms of total assets, with a total AUM of ₹1,81,758.25Cr.

Mirae Asset Mutual Fund has a dedicated customer support team, with a phone number available for investors to reach out: 022-67800301 / 1800-2090-777.

You can invest as little as ₹500 in a Systematic Investment Plan (SIP) with Mirae Asset ELSS Tax Saver Fund Direct Growth, making it an affordable option for investors.

The fund house is located at Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai, 400098.

Here's a summary of the minimum investment requirements for Mirae Asset ELSS Tax Saver Fund Direct Growth:

The investment objective of the Mirae Asset Tax Saver Fund Direct Plan-Growth is to generate long-term capital appreciation.

This fund focuses on investing in equity and equity-related instruments, which is a key strategy to achieve its investment objective.

The fund's flexible investment approach allows it to invest across various market capitalizations, ensuring a diversified portfolio of fundamentally robust companies with promising growth prospects.

Investing in a wide range of equity and equity-related instruments is a deliberate choice to minimize risk and maximize returns.

By predominantly investing in equity and equity-related instruments, the fund aims to provide investors with a potential for long-term capital appreciation.

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The Mirae Asset Tax Saver Fund Direct Plan Growth offers a statutory lock-in of 3 years, providing a guaranteed tax benefit.

This fund is an Equity Linked Savings Scheme (ELSS), which means it's designed to help you save taxes while growing your wealth over time.

With a minimum SIP investment of ₹500 and a minimum lumpsum investment of ₹500, this fund is accessible to investors with a relatively small amount of capital.

The fund's current AUM of ₹1,81,758 Cr is a testament to its popularity among investors, and its rating of Very High risk is something to keep in mind when considering your investment strategy.

In terms of investment, it's worth noting that the fund's current NAV as of 10 Jan 2025 is ₹50.93.

Mirae Asset Mutual Fund is a well-established fund house with a significant presence in India, ranking #13 in the country with a total AUM of ₹1,81,758.25Cr.

Their ELSS Tax Saver Fund Direct Growth scheme has been a popular choice among investors since its launch in 2007, with a current fund manager, Neelesh Surana, at the helm.

The fund's asset under management (AUM) is a substantial ₹1,81,758 Cr, as of 10 Jan 2025, and its latest NAV is ₹50.93.

The Mirae Asset ELSS Tax Saver Fund Direct Growth is rated as a Very High risk investment, making it essential for investors to carefully consider their risk tolerance before investing.

Here's a breakdown of the fund's investment details:

The Mirae Asset ELSS Tax Saver Fund Regular-Growth is a popular choice for investors seeking tax benefits and long-term capital appreciation. This fund has a diversified portfolio of predominantly equity and equity-related instruments.

The fund was launched on December 28, 2015, and has a benchmark of NIFTY 200 Total Return Index. It has returned 18.16% since its launch, making it a solid option for those looking to grow their investments.

The fund is rated as Very High risk, which means it may not be suitable for conservative investors. However, it's essential to note that this risk level can also lead to higher potential returns.

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Here's a summary of the fund's key details:

The fund's minimum investment and SIP investment are both set at ₹500, making it accessible to a wide range of investors. The exit load is 0%, which means there are no additional fees to worry about when redeeming your investment.

The fund's performance has been impressive, with annualized returns of 12.77% over the past year and 18.55% over the past five years.

If you're looking to invest in the Mirae Asset Tax Saver Fund, you'll want to consider using a calculator to determine the potential returns on your investment.

The fund has a minimum investment requirement of ₹5,000, and the maximum investment limit is ₹1.5 lakhs per fiscal year.

Investing in the fund can help you save taxes, with a tax benefit of up to ₹46,800 in a year, based on an investment of ₹1.5 lakhs.

Using a tax calculator can help you understand how much you can save in taxes and make informed investment decisions.

Calculators can be super helpful when it comes to understanding investment returns.

A calculator can show you the total investment, profit, and total corpus of your investment. For example, the Mirae Asset ELSS Tax Saver Fund Returns calculator shows a total investment of ₹12 lakh.

The calculator also calculates the absolute return of your investment. In the case of the Mirae Asset ELSS Tax Saver Fund Returns calculator, the absolute return is 52.69%.

Some calculators can also show you the profit of your investment. According to the Mirae Asset ELSS Tax Saver Fund Returns calculator, the profit is ₹12 lakhs.

Here's a breakdown of the information you can get from a calculator:

When evaluating the performance of tax-saving funds, it's essential to consider their returns over a three-year period. Mirae Asset ELSS Tax Saver Fund-Regular Plan-Growth has a 3Y Return of 11.81% (p.a.).

The ITI ELSS Tax Saver Fund Regular - Growth stands out with a significantly higher 3Y Return of 16.54% (p.a.). This suggests that ITI has been a more reliable performer over the past three years.

On a similar theme: What Is a Growth Stock Mutual Fund

DSP ELSS Tax Saver Fund - Regular Plan - Growth also boasts a respectable 3Y Return of 16.26% (p.a.). This is close to ITI's performance, indicating that DSP is a strong contender in the market.

Bandhan ELSS Tax saver Fund - Regular Plan - Growth has a 3Y Return of 12.55% (p.a.), which is slightly lower than Mirae Asset's return. However, it's essential to consider other factors beyond just three-year returns when making investment decisions.

To give you a better idea of the performance difference, let's look at the top performer in this category: DSP ELSS Tax Saver Fund - Regular Plan - Growth, with a 3Y Return of 19.8% (p.a.). This is the highest return among the funds listed, making it a compelling option for investors.

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The Mirae Asset Tax Saver Fund is a unique investment option that helps you save taxes while growing your wealth.

It is an open-ended equity scheme that invests in a diversified portfolio of stocks.

The fund aims to provide long-term capital appreciation and income generation.

The minimum application amount is ₹5,000, making it accessible to a wide range of investors.

The fund has a lock-in period of 3 years, which allows you to hold onto your investment for a reasonable amount of time.

The fund's investment strategy involves investing in a mix of large-cap, mid-cap, and small-cap stocks.

This scheme could be an excellent fit for investors who are willing to lock in their capital for a minimum period of three years.

If you're seeking the dual advantage of tax savings along with the potential for higher returns, this fund might be worth considering. However, it's crucial to acknowledge the possibility of moderate risks in your investments.

Investors looking for wealth creation over the long term may find this fund aligns well with their financial aspirations.

As with any financial endeavour, it's crucial to align this investment with your risk tolerance and financial goals. Always consider professional financial advice when planning your investment strategies.

Mutual funds are subject to market risk.