Save up to Rs. 46,800 in taxes and earn returns up to 15.11% (past 3Y)!
If you desire to earn high returns & save taxes under Section 80C, then MyWay Wealth has the right fund for your investment goal. Here is India’s #1 Ranked ELSS Fund for past 3Y returns.
“Mirae Asset Tax Saver Fund (Direct-Growth)”
Rated 5-star by Morningstar, CRISIL and Value Research
Return Capacity: High
Risk level: Average Risk
Category: Equity-ELSS (Open-ended)
Last 5 yr returns: 15.04% (as of September 26, 2019)
Min. SIP Amount: Rs. 500
Min. Lump-sum Amount: Rs. 5000
It is an equity-linked saving scheme with a 3 year lock-in period. By investing 72.52% is in large-cap stocks and just 25.76% in small & mid-cap stocks, this fund reduces risk due to equity exposure.
Mirae Asset Tax Saver Fund has yielded 15.04% CAGR (past 3Y), which is 6.71% more than the return of its benchmark – NIFTY 200 Total Return Index in the same 3Y duration (at 8.33%). Thus, generating long term capital appreciation from a diversified portfolio.
This fund provides a tax exemption of Rs.1.5 lakhs & tax-free returns on long term capital gains (LTCG) up to Rs. 1 lakh. Thus, it is a real winner when compared to other tax saving options such as EPF/ PPF (8%), Tax Saving FD (7-8%) and NPS (8%).
Toh der kis baat ki?