Should I shift to Mirae Asset Tax Saver Fund?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

Getty Images
I am investing in Mirae Asset Emerging Bluechip Fund through an SIP. I compared the portfolio of the fund with Mirae Asset Tax Saver Fund. Both the funds are almost identical and are managed by the same fund manager. Should I switch my SIP to Mirae Asset Tax Saver Fund?

I haven't fully exhausted the Section 80C limit. For tax saving, I am currently investing in Aditya Birla Sun Life Tax Relief 96.
--Girish Sunkara

Jitendra Solanki, Founder, JS Financial Advisors, responds:


For tax saving you can continue to invest in Aditya Birla Sun Life Tax Relief 96. You may also invest the remaining amount in the same fund.

  • 11.03%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 3.8 YearsTime taken to double money
  • 14.74%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 2.5 YearsTime taken to double money
Mirae Asset Emerging Bluechip Fund is a large & mid cap scheme. The large &mid cap category has a mandate to invest at least 35% in large cap companies and 35% in mid cap stocks. The fund manager can vary the proportion between large and mid cap stocks to deliver higher alpha. The scheme has a good track record.

Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

Top Mutual Funds

3 M(%)
6 M(%)
1 YR(%)
3 YRS(%)

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

Save with Tax planning SIP's

More from our Partners

Loading next story
Text Size:AAA
Success
This article has been saved

*

+