(An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)
Mirae Asset Tax Saver Fund aims to invest in equity and equity related instruments across market capitalization, themes and investment styles with an aim to generate long-term appreciation and wealth while providing tax savings under section 80C of the Income Tax Act.
Equity Funds endeavor to provide potential for high growth and returns. They are best suited for investors with a long term investment horizon.
(An open ended equity scheme investing in a maximum of 30 stocks intending to focus in large cap, mid cap and small cap category (i.e., Multi-cap))
Hybrid funds invest across two or more asset classes (usually a mix of stocks and bonds). These funds aspire to strike a balance between risk and returns by aiming to generate income in the short-run and achieve wealth-appreciation in the long-run.
Fixed Income or Debt Funds endeavor to provide potential for stable and regular returns. They are best suited for investors with a short to medium term investment horizon.
(An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years (please refer to page no. 24 of SID))
(An open ended low duration Debt Scheme investing in instruments with Macaulay duration of the portfolio between 6 months and 12 months)
An Exchange Traded Fund (ETF) is a fund that trades on an exchange, just like a stock and replicate the portfolio and performance of a publically available Index. ETFs offer low expense investment solution.