Is Mirae Asset Tax Saver good?
Hence, an investor must understand that their principal amount of investment will be at very high risk. Since its inception, Mirae Asset Taxsaver Fund-Growth has delivered a return of 20.60\%….Mirae Asset Tax Saver Fund- Growth Scheme Details.
| 1 Year Return | 66.40\% |
|---|---|
| 3 Years Return | 20.50\% |
| 5 Years Return | 21\% |
Which Tax Saver Fund is best?
Top 10 Tax Saving Mutual Funds in India
| Funds | 1-Year Returns (\%) | 3-Year Returns |
|---|---|---|
| Aditya Birla Sun Life Tax Relief 96 Fund Growth | 19.3 | 12.1 |
| Aditya Birla Sun Life Tax Plan Growth | 18.9 | 11.6 |
| DSP BlackRock Tax Saver Fund Growth | 9 | 11.4 |
| Axis Long Term Equity Fund Growth | 18.1 | 9.3 |
Is it good to invest in Mirae Asset?
Mirae Asset Emerging Bluechip Fund is a topper in the large and mid cap category. The scheme has a good long term track record. You should not worry about six-month SIP returns and take a call whether the scheme is good to invest in. Always remember equity is an asset meant for the long term.
How does Mirae Asset Tax Saver Fund work?
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.
When can I redeem Mirae Asset Tax Saver Fund?
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.
How do I invest in tax saver mutual funds?
You must invest in equity funds for the long-term to achieve long-term financial goals such as retirement planning. You may invest in direct plans of equity funds and ELSS through an asset management company. However, you could consider investing through a broker for regular plans of these mutual funds.
How do I know if a mutual fund is good?
How to Choose the Best Mutual Fund
- Identify Goals and Risk Tolerance.
- Style and Fund Type.
- Fees and Loads.
- Passive vs. Active Management.
- Evaluating Managers and Past Results.
- Size of the Fund.
- History Often Doesn’t Repeat.
- Selecting What Really Matters.
Which Mirae fund is best for long term?
The best Mirae Asset equity mutual funds offer great returns as their investments are spread across various stocks. Typically, equity funds show better performance than hybrid or debt funds in the long run….Mirae Asset Emerging Bluechip Fund Direct Growth.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹21,231 Cr |
| 1Y Returns | 39.7\% |
Is Mirae Asset Large Cap Fund good?
Mirae Asset Large Cap Fund (Growth) is recommended for investment within large cap mutual funds. Large cap funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
Should I invest in Mirae Asset tax Saver fund?
You can start investing with an amount as low as Rs. 500 and like other mutual funds, you can increase your investment as your income starts increasing. I would say that you should definitely invest in Mirae Asset Tax Saver Fund. When we talk about the Elss category, you will always find this fund amongst the best ranked ones.
Is mirmirae tax saver a good tax saving scheme?
Mirae Tax saver is well performing 100\% equity scheme which also qualifies for income tax benefit under section 80C. Hence this investment will come with 3 year lock in. Equity funds by nature are suitable as long term investment with time horizon of 5/7 years.
What are the tax benefits of ELSS?
ELSS is also more tax efficient than most 80C investment options. Long term capital gains of up to Rs 100,000 in ELSS Funds in a financial year, is tax exempt and taxed at 10\% only thereafter. What are the plans and options available for investors to invest in Mirae Tax Saver Fund?
What are ELSS mutual funds?
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.