Tax Saving Mutual Fund:
In Mutual Funds, many people look for different assets for tax saving, where they can save their tax by investing.
Sometimes people invest in mutual funds to save tax. But many times they invest in Equity Mutual Funds or invest in different Mutual Funds which is not the right selection of tax saving Mutual Funds.
80C deduction is not available for investing in every mutual fund, only ELSS (Equity Linked Savings Scheme) mutual funds offer an 80C deduction, And in the ELSS funds your investments get blocked for 3 years
So now we discuss the good Tax Saving Mutual Fund Mirae Asset Tax Saver Fund.
Mirae Asset Tax Saver Fund (Direct Plan-Growth).
This is an ELSS mutual fund and here you can get the benefit of an 80C deduction so that you can save tax also you will get equity growth and tax savings in the long term. In this fund, your investment funds will be locked for 3 years. So now we discuss on Mirae Asset Tax Saver Fund.
Mirae Asset Tax Saver Fund was started in 2015 and currently has 64 stocks available in its portfolio.
Asset Allocation of Mirae Asset Tax Saver Fund:
Mirae Asset Tax Saver Fund Portfolio Holdings:
- Total Equity Holding: 99.27%
- Large Cap: 57.11%
- Mid Cap: 16.94%
- Mid Cap: 9.7%
- Others are 15.51%
The expense ratio of this fund is 0.48%. This expense ratio is very low, which means they are charging lesser charges from their clients, which is a good thing.
The NAV of this fund is 29 87. NAV means Net Asset ValueI and investors buy and sell at on NAV only.
Top Stocks Holding by Mirae Asset Tax Saver Fund:
- HDFC Bank Ltd.
- ICICI Bank Ltd.
- Infosys Ltd.
- Tata Consultancy Services Ltd.
- State Bank Of India.
How many funds Required for Start SIP in Mirae Asset Tax Saver Fund?
You can start a SIP (Systematic Investment Plan) in fewer funds with rupees 500. And lumpsum can also start from Rupees 500. And when you start this fund then your funds get locked for 3 years which is the lock-in period of this fund.
This is a tax saver fund, so you can take the money invested as the deduction of 80 C. And the limit of 80 C is 1.50 Lac
What is the tax on Profit:
In this fund If your profit is more than 1 lakh then you are taxed at 10%.
Risk Ratio Of Mirae Asset Tax Saver Fund:
The Standard Deviation of this fund is 21.16, Sharpe’s Ratio is 0.76, and Treynor’s Ratio is 0.16. According to the Standard Deviation category of this fund is slightly higher, which means this fund is not able to give much consistent return. The category Standard Deviation of this fund is 19.07 where this fund has 21.16.
This fund is a very good mutual fund in this category. If you want to invest in this fund then you can invest through Zerodha Coin.