Introduction
The decision to invest lies with the investor but in today’s uncertain financial market, people are increasingly looking for opportunities that not only provide prospective profits but also give tax breaks. With this in mind, Mirae Asset Mutual Fund provides its most recent offering as the New Mirae Asset Tax Saver Fund. This investment solution is intended to allow investors to take control of their returns while also benefiting from tax breaks under Section 80C of the Income Tax Act. Empower Your Wealth: Mirae Asset Tax Plan for Self-Directed Returns. This fund scheme has a standing AUM (Asset Under Management) of Rs21,301 Cr as of 29.02.24. It reflects the reliability of investors in this Mutual Fund House.
In this article, we’ll look at the characteristics and benefits of The New Mirae Asset Tax Plan, including how it matches investors’ financial goals and enables them to manage the complexity of tax planning with confidence. Whether you’re an experienced investor or new to mutual funds, join us as we explore the potential of this intriguing investing opportunity.
How Good is the Mirae Asset ELSS Tax Saver Fund?
The Mirae Asset ELSS Tax Saver Fund is a top performer in the Equity Linked Savings Scheme (ELSS) category.
Strong Performance Record
The fund has demonstrated competitive performance throughout a variety of periods, providing good returns to investors. Its capacity to exceed benchmark indexes and category averages, in the long run, demonstrates outstanding fund management and investing methods.
Tax Advantages
As an Equity Linked Savings Scheme (ELSS), the fund qualifies for tax breaks under Section 80C of the Income Tax Act. Investors can receive tax breaks while possibly making high profits on their investments.
Long-Term Focus
The fund is appropriate for investors with a lengthy investment horizon who seek financial gain over time. While short-term swings may occur, the fund’s emphasis on long-term development potential is consistent with the goals of many investors.
Performance Analysis of Mirae Asset Tax Saver Fund
It is critical to give insights into the past performance of the Mirae Asset Tax Saver Fund. Let’s analyse its returns at different times:
Short-Term Performance
Over the past year, the fund has returned 37.32%. Although this is significantly lower than the benchmark Nifty 500 TRI’s return of 42.05%, it is still an impressive performance in a turbulent market environment.
Medium-Term Performance
Over the last three years, the fund has generated an annualized return of 17.38%. While this is significantly lower than the category average of 21.12%, it is important to examine the fund’s stability and ability to weather market fluctuations.
Long-Term Performance
Over five years, the fund had a strong annualized return of 18.50%, which is close to the category average of 18.30%. This demonstrates the fund’s capacity to produce consistent long-term returns.
Since Inception
Since its introduction in December 2015, the Mirae Asset ELSS Tax Saver Fund has achieved an annualized return of 18.50%, exceeding the category average of 16.19%. This demonstrates the fund’s proven track record of creating value for investors throughout the years.
Identifying the Investment Objective
- The program’s main goal is to help investors grow their money over a long time.
- It does this by spreading out investments across different types of stocks and other similar investments.
- This way, if one type of investment doesn’t do well, the others might still make up for it.
- By mainly focusing on stocks and similar investments, the program hopes to strike a good balance.
- It gives a balance between the amount of risk investors take and the potential rewards they could get.
- While stocks can be risky and their value can go up and down, historically, they’ve also shown the potential to grow significantly over the years.
- Overall, the program aims to give investors a chance to see their investments grow steadily over time, while also making sure they don’t take on too much risk.
What are the main features of the Mirae Asset Tax Saver Fund?
This scheme offers several merits to its investors. Some of these are mentioned below to help in making the right decision. Let’s study them together:
Open-Ended Scheme
Mirae Asset Tax Saver Fund is an open-ended plan, which means investors can subscribe or redeem their units at any moment. This gives investors liquidity and flexibility, allowing them to change their investments based on changing market conditions or personal financial goals.
Professional Management
This fund is led by professional fund managers who do extensive research and analysis to uncover investment possibilities. The fund managers attempt to create a well-balanced portfolio that is consistent with the fund’s investment goal and the risk profile of investors.
Long-Term Capital Appreciation
This fund’s investment goal is to achieve long-term capital appreciation by primarily investing in a diverse range of equities and equity-linked assets. By concentrating on long-term growth potential, the fund hopes to assist clients in meeting their financial objectives over time.
Reviewing the Fund Manager’s Profile
Meet Mr Neelesh Surana (Head of Equity)
Mr Neelesh Surana is a financial expert with over 24 years of experience in equity. He has been with Mirae Asset since 2008 and currently holds the position of Head of Equity. In this role, Neelesh oversees the stock research and investment teams, playing a pivotal role in managing Mirae Asset’s existing equity funds in India. Providing research support for the company’s global mandate. With his exceptional abilities and leadership. Neelesh ensures that investment decisions are made with precision and care, guaranteeing the growth of Mirae Asset’s equity portfolio.
Conclusion
In conclusion, the Mirae Asset ELSS Tax Saver Fund provides investors with an attractive chance. To reduce taxes while still achieving long-term capital appreciation through a diverse portfolio of stocks and equity-related assets. Its flexible flexibility, expert management, and emphasis on long-term development make it appropriate for investors’ financial objectives. Furthermore, the fund’s solid performance record, along with its tax-saving benefits. Makes it ideal for investors navigating tax planning complexity while pursuing wealth growth. Furthermore, investors can benefit from the flexibility and discipline of a Systematic Investment Plan (SIP). Which allows for frequent investing and rupee-cost averaging, increasing the likelihood of favourable long-term returns.
