This tax saver mutual fund managed by Nilesh Surana has tripled money in 7 years

Mirae Asset launched Tax Saver Fund on December 28, 2015, with the fund being in operation for almost seven years. Value Research and Morningstar both have a 5-star rating on this tax saver mutual fund, Nilesh Surana has been the fund manager of the fund since its inception. As per the fund house description, the risk profile of Mirae Asset Tax Saver Fund is ‘moderately high’.

The fund has given a 3-year return of around 22% and a 5-year return of over 15%, and since its inception, the fund has generated over 18% as of August 26, 2022. It has an asset under management (AUM) or fund size 12,600 crores. The fund’s net asset value or NAV is increased by from 10 As of 31 Aug 26.

One Monthly SIP 5,000 in Mirae Asset Tax Saver Fund since it was introduced seven years ago, now it will cost 7.22 lakhs. Meanwhile, if investing in the fund was started three years ago, its value now would be 2.54 lakh as fund generated around 22% in last three years.

Systematic Investment Plans (SIPs) are popular and are an easy way for investors with limited liquidity to systematically invest in mutual funds from their savings accounts. Equity Linked Savings Scheme (ELSS) has a lock-in period of 3 years.

The fund has an expense ratio of 0.56%. Total expense ratio or TER refers to the annual fund operating expenses of a scheme, expressed as a percentage of the fund’s daily net assets.

HDFC Bank, ICICI Bank, Reliance Industries (RIL), Infosys, Axis Bank, State Bank of India (SBI), Tata Consultancy Services (TCS), Bharti Airtel, Sun Pharma, Larsen & Toubro (L&T), SBI Cards, Gland Pharma Fund Some of the top holdings of

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