Ready to save taxes? Read this blog to know more about the Mirae Asset Tax Saver Fund, its performance, benefits, and how you can invest in it for as low as ₹500 using the Cube Wealth app.
An Equity Linked Savings Scheme (ELSS) fund like Mirae Asset Tax Saver Fund falls under the equity funds category. ELSS funds are popular among investors since they can help save up to ₹46,800 in tax.
This blog will help you understand the fundamentals of Mirae Asset Tax Saver Fund and how you can start an ELSS funds SIP for as low as ₹500 using Cube Wealth.
Note: Mirae Asset Tax Saver Fund is currently being recommended on the Cube Wealth app by our mutual fund advisor, Wealth First. To check the latest fund information download the Cube Wealth App.
Mirae Asset Tax Saver Fund is an open-ended equity scheme that primarily invests in shares of companies from different market caps. It follows the value investing approach popularized by Warren Buffet.
Mirae Asset Tax Saver Fund provides two major benefits to investors. First, it can help you save tax up to ₹46,800 per financial year. Second, it has historically generated returns between 15% to 17% over 3+ years.
The fund carries one of the lowest lock-in periods (3 years) of any tax saving investment under Section 80C. Moreover, it is also known to provide better returns than other section 80C investments.
Read this blog to know all about saving tax in 2021
Mirae Asset Tax Saver Fund aims to generate long term returns by primarily investing in equity and equity-related instruments using a bottoms-up stock-picking approach.
However, there is no guarantee that this aim will be achieved. Investors are thus advised to evaluate their risk level using Cube Wealth or speak to a Cube Wealth Coach before investing in the fund.
Note: Facts & figures are accurate as of 19-04-2021 and are taken from publicly available sources. While we update our pages regularly, we advise you to check the Cube Wealth App for the latest data
Note: Top 5 securities mentioned above are a part of the fund’s portfolio as of 19-04-2021. This information is subject to change at any time.
Mr Neelesh Surana has been managing fund Mirae Asset Tax Saver Fund since its inception on 28-Dec-2015. He has an MBA in Finance and worked at ASK Investment Managers Pvt Ltd before joining Mirae AMC.
The Cube Wealth app helps you invest in the best ELSS funds in India with advice from leading experts, Wealth First. Cube is simple to use and doesn’t confuse you with unnecessary graphs and jargon.
Furthermore, you can start your tax-saving and wealth creation journey by investing as low as ₹500 in ELSS funds like the Mirae Asset Tax Saver Fund. You can do this in two ways:
ELSS funds allow you to claim a tax deduction of up to ₹1,50,000 every year. Here’s how you can get started:
Step 1: Download Cube Wealth For Free
Step 2: Complete the swift KYC process
Step 3: Click on ‘All Investment Options’
Step 4: Select Invest More (under ELSS funds)
Step 5: Tap on Invest
Ready to invest? Get Started Now
Wealth First handpicks the best mutual funds for Cube users every month on the Cube Wealth app. Wealth First has a track record of beating the market by ~50% over the past decade.
Download the Cube Wealth app to invest in the best mutual funds in India
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