What is Mirae Asset Tax Saver Fund's Direct Growth?

What is Mirae Asset Tax Saver Fund's Direct Growth?

Mirae Asset Tax Saver Fund is amutual fundscheme that aims to providetax benefitsto investors while also generating long-termcapital appreciation. The fund is managed by Mirae Asset Investment Managers India Pvt. Ltd. and has been in existence since December 2015.

Investment Objective and Strategy

The primary objective of the Mirae Asset Tax Saver Fund is to provide long-term capital appreciation to investors while also providing tax benefits. The fund invests in a diversified portfolio of equity and equity-related instruments. The fund manager uses a bottom-up approach to select companies based on their financial strength, growth prospects, and valuation.

The fund invests predominantly in large-cap companies, but also invests a small portion in mid-cap and small-cap companies. The fund manager focuses on companies that have a sustainable business model, strong management, and a competitive advantage in the market.

Investment Performance

The Mirae Asset Tax Saver Fund has delivered strong performance since its inception. The fund has consistently outperformed its benchmark, the Nifty 500 TRI, over the past five years. As of 30th June 2021, the fund has generated a return of 26.58% since inception, compared to the benchmark return of 16.68%.

Investment Risks

As with any mutual fund investment, there are certain risks associated with investing in the Mirae Asset Tax Saver Fund. The fund is subject to market risk, which means that the value of the fund can fluctuate based on market conditions. The fund is also subject to credit risk, which means that the value of the fund can be impacted by the creditworthiness of the companies in which it invests.

Investors should carefully read the scheme information document and consult with a financial advisor before investing in the Mirae Asset Tax Saver Fund.

Investment Considerations

Investing in the Mirae Asset Tax Saver Fund can be a good option for investors who are looking to save taxes while also generating long-term capital appreciation. The fund has a proven track record of delivering strong performance and is managed by an experienced team of professionals.

Investors should consider their investment objectives, risk tolerance, and investment horizon before investing in the Mirae Asset Tax Saver Fund. It is also important to monitor the performance of the fund and rebalance the portfolio periodically.

Conclusion

The Mirae Asset Tax Saver Fund is a mutual fund scheme that aims to provide long-term capital appreciation while also providing tax benefits to investors. The fund invests in a diversified portfolio of equity and equity-related instruments and is managed by a team of experienced professionals. Investors should carefully consider their investment objectives, risk tolerance, and investment horizon before investing in the fund.