Can we invest more than 2500 in Mirae Asset?
Well yes, Mirae Asset Emerging Bluechip has recently restricted fresh investments to only SIP investments of up to Rs 2,500 per month. But remember, any existing SIPs which are still running can continue even if they are of a value greater than Rs 2,500.
Is Axis ELSS good for long term investment?
Axis Long Term Equity Fund is a top performers in the ELSS category. You can invest Rs 30,000 in a lumpsum, since you have a very long-term investment horizon. You can also consider investing the money in a good performing multi cap scheme. We are assuming that you have a moderate risk profile.
Can I switch ELSS fund before 3 years?
You cannot redeem or switch your ELSS investment before 3 years. This also applies to investments in ELSS funds through systematic investment plans (SIPs). You can only withdraw each installment after three years of lock-in.
What is the best way to invest in ELSS?
You can invest in ELSS the same way that you invest in any Mutual Fund. The easiest way is through an Online Investment Services Account. You can invest either as a lump sum or via the SIP (systematic investment plan) route.
Which Mirae fund is best?
List of Mirae Asset Mutual Funds in India
| Fund Name | Category | 1Y Returns |
|---|---|---|
| Mirae Asset Great Consumer Fund | Equity | 33.0\% |
| Mirae Asset Cash Management Fund | Debt | 3.4\% |
| Mirae Asset Focused Fund | Equity | 41.7\% |
| Mirae Asset Midcap Fund | Equity | 49.1\% |
How much should I invest in Mirae Asset Emerging Bluechip?
The AUM of Mirae Asset Emerging Bluechip Fund is ₹ 21,231 Crs. What are the top stock holdings of Mirae Asset Emerging Bluechip Fund? ICICI Bank Ltd….Mirae Asset Emerging Bluechip Fund Returns.
| Sector | Percentage of Portfolio |
|---|---|
| Financial | 27.110000000000007\% |
| Technology | 11.2\% |
| Healthcare | 10.040000000000001\% |
| Automobile | 9.23\% |
Are ELSS funds high risk?
Although ELSS funds have the highest potential to generate returns when compared with other tax-saving products, these returns come with an element of risk. This is because equity is considered to be a risky asset class exposed to volatility and market fluctuations.
How do I change from one ELSS to another?
You can stop the further SIP contributions in your existing ELSS if you wish to. In Equity Linked Savings Scheme (ELSS), each Systematic Investment Plan (SIP) instalment has a mandatory lock in period of three years. In this lock in period you do not have the option to exit or switch from one fund to another.
Can I have multiple ELSS account?
You may consider investing in two or three ELSS funds. However, you may avoid investing in multiple ELSS funds as you could struggle to monitor your investment. Your investment in ELSS qualifies for a tax deduction under Section 80C only up to a maximum of Rs 1.5 lakh per annum.
Is Mirae Asset Indian?
Headquartered in Seoul, South Korea, Mirae Asset Financial Group is one of the key players in the Asian financial market. From the USA to Europe and India, Mirae Asset has been helping people invest prudently through their asset management company.
Is axis long term equity fund (ELSS) a good investment?
However, there can be no assurance that the investment objective of the Scheme will be achieved. Axis Long Term Equity Fund is a diversified equity linked saving scheme (ELSS) that invests in a mix of large caps and select midcaps. The fund has a 3-year lock-in which is one of the lowest amongst other tax saving instruments.
What is the return on investment for ELSS?
ELSS v/s Other Tax-Saving Investment Instruments Tax-Saving Investment Options Lock-in Period Return Risk Profile ELSS 3 years 10\%-12\% High Fixed Deposit 5 years 6\%-7\% Low Public Provident Fund 15 years 7\%-8\% Low National Savings Certificate 5 years 7\%-8\% Low
What is ELSS (equity linked savings scheme)?
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.
Is ELSS good for salaried individuals?
ELSS works very well for Salaried Individuals as apart from the upside of higher returns, they can also avail tax benefits under Section 80C of the Income Tax Act. That said, ELSS is also suitable for those who are open to short term risk and can stay invested for a long time for better returns.