Mirae Asset Tax Saver (ELSS) Fund

Invests predominantly in equity and equity related instruments with a 3 year lock in providing tax benefit and growth of capital 

Equity Linked Savings Scheme: Deduction of up to ₹ 1.5 lakh~ (per financial year) from total income is available under Section 80C of the Income Tax Act, 1961.

Well-diversified equity portfolio: A diligent mix of large cap, mid cap and small cap companies.

Three year lock-in: Enables participation in the long term growth potential of equity markets.

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

  Suitability:

• Investors looking for an alternative to savings/current bank account for parking of short-term surpluses.
• Investors looking for optimum yields from investments in relatively low risk instruments.
• Investors seeking high level of liquidity and no lock-in.
• Mutual fund investors desirous of managing their cashflows efficiently between schemes.

Convenience:

• Zero load - Zero lock in means redemptions are always possible at no additional cost.
• Electronic credit of funds through RTGS, NEFT and Direct Credit are available for redemption proceeds.

Transparency:

• Regular monthly factsheets highlighting allocation of funds and performance^ of the scheme are made available .
• Portfolio details are published on Mahindra Mutual Fund website.

Benchmark:CRISIL Low Duration Debt Index