The fund seeks to give investors possibilities for long-term wealth creation by offering a 5-year CAGR of 23.31%.
The fund is appropriate for people wishing to invest for 3–4 years and offers a 5-year CAGR of 21.51%.
The Mirae Asset Tax Saver fund is ideal for those wishing to invest for 3 years because it has a 5-year CAGR of 22.4 percent. The fund works to both reduce taxes and build long-term wealth.
If the fund is redeemed before one year, the returns are taxed at 15%; otherwise, consumers must pay 10% in addition to an LTCG tax on returns of INR 1 lakh or more in a financial year.
The fund, which became available to investors in 2013, is appropriate for people who have a higher risk tolerance and expect better returns, albeit investors must be prepared for a small amount of loss due to the risk factor.
The investment is perfect for long-term objectives like education, retirement, etc. because it offers a 5-year CAGR of 21.13%.
The Fund, which has a 5-year CAGR of 21.23%, is categorised as having a very high risk and is best suited for investors who want to invest for at least three to four years and are seeking significant returns.