3 Year return

19.21%
Launched on November 2015 (9 years)

Investment Details

₹500

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹22620.57 Cr.

Expense Ratio

0.6% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
3.5

Ratings by other agencies

5
3
5

Tax Implications

Withdrawal within 1 year

Not applicable as these investments cannot be sold before the 3 year lock-in period

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Mirae Asset Mutual Fund Managers

NS

Neelesh Surana

Fund Manager since Nov 2015

View Details

Fund House Details

Mirae Asset Mutual Fund

Mirae Asset Mutual Fund Asset management company

AUM ₹164,467.60 Cr.
No. of Schemes 107
Setup Date NA

Peer Comparison

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Schemes by Mirae Asset Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns

About Mirae Asset Tax Saver Fund Direct IDCW Payout

The Mirae Asset Tax Saver Fund Direct IDCW Payout is a tax-saving mutual fund managed by Mirae Asset Mutual Fund. It is a direct plan, which means that there are no intermediaries involved when you invest in the fund. The fund invests in a diversified portfolio of equity and debt instruments. The equity portion of the portfolio is invested in large-cap, mid-cap, and small-cap companies. The debt portion of the portfolio is invested in government securities and corporate bonds. The fund aims to generate long-term capital appreciation for investors while also providing tax benefits under Section 80C of the Income Tax Act.

Investment Objective of the Scheme

The investment objective of the Mirae Asset Tax Saver Fund Direct IDCW Payout is to generate long-term capital appreciation for investors while also providing tax benefits under Section 80C of the Income Tax Act. The fund will invest at least 65% of its assets in equity and equity-related instruments. The fund may also invest in other asset classes, such as debt securities and money market instruments, but these investments will be limited to 35% of the fund's assets.

Key Features of The Fund

5-year return 21.95%
Expense Ratio 0.6%
Fund Manager Neelesh Surana
Fund Size ₹22620.57 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Mirae Asset Tax Saver Fund Direct IDCW Payout is a good option for investors who are looking for a tax-efficient way to invest in equity markets. The fund is also a good option for investors who are looking for long-term capital appreciation as well as regular income from the investment. This scheme is a medium-risk investment, so you should only invest if you are comfortable with the possibility of losing some or all of your investment. This scheme is a long-term investment, so you should only invest if you are planning to hold the units for at least 3-5 years.

AMC Contact Details

Name Mirae Asset Mutual Fund
Launch Date November 2007
Addresss Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai - 400 098.
Contact 1800-2090-777
Email customercare@miraeasset.com
Website https://www.miraeassetmf.co.in/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Explore Tax-Saving Investment Advantages With SIPs

You can deduct ₹1.5 lakh from your taxable income by investing in an Equity Linked Savings Scheme (ELSS) through SIP, as allowed by Section 80(C) of the Income Tax Act, 1961. With a SIP in ELSS, individuals whose income is in the highest tax bracket (30%) can save about ₹45,000 annually. Plan tax-efficient investments and estimate possible returns utilising systematic investment plan calculator.

FAQs

What is today's NAV of Mirae Asset ELSS Tax Saver Fund Direct Plan IDCW Payout?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Mirae Asset ELSS Tax Saver Fund Direct Plan IDCW Payout Jun 21 2024 is 30.187

What is the AUM of Mirae Asset ELSS Tax Saver Fund Direct Plan IDCW Payout?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Mirae Asset ELSS Tax Saver Fund Direct Plan IDCW Payout is 22620.57 crore.

What is the expense ratio of Mirae Asset ELSS Tax Saver Fund Direct Plan IDCW Payout?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Mirae Asset ELSS Tax Saver Fund Direct Plan IDCW Payout is 0.6%

What are the returns of Mirae Asset ELSS Tax Saver Fund Direct Plan IDCW Payout since inception?

The Mirae Asset ELSS Tax Saver Fund Direct Plan IDCW Payout was launched on Nov 20 2015. The fund has delivered a CAGR of 21.09 since inception.

What is the minimum SIP amount to invest in Mirae Asset ELSS Tax Saver Fund Direct Plan IDCW Payout?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Mirae Asset ELSS Tax Saver Fund Direct Plan IDCW Payout is 500.

How do I invest in Mirae Asset ELSS Tax Saver Fund Direct Plan IDCW Payout?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Mirae Asset ELSS Tax Saver Fund Direct Plan IDCW Payout?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Mirae Asset ELSS Tax Saver Fund Direct Plan IDCW Payout?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Mirae Asset ELSS Tax Saver Fund Direct Plan IDCW Payout?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.