NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹25.85
-3.50%
NAV as on 16 Jan 25, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 16 Jan 25, 12:00 AM
very high risk
elss (tax savings)
elss
19.06%p.a.
Last 1Y
14.46%p.a.
Last 3Y
18.92%p.a.
Last 5Y
18.50%p.a.
Since Inception
About Mirae Asset ELSS Tax Saver Fund - Plan-Payout of Income Distribution cum capital withdrawal for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset ELSS Tax Saver Fund - Plan-Payout of Income Distribution cum capital withdrawal scheme from Mirae Asset Investment Managers (India) Private Limited. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Dec 2015, Mirae Asset ELSS Tax Saver Fund - Plan-Payout of Income Distribution cum capital withdrawal is ELSS (Tax Savings) fund of its category with 25,315.16 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.
- Mirae Asset ELSS Tax Saver Fund - Plan-Payout of Income Distribution cum capital withdrawal delivered 19.1% annual returns during the last year. It has delivered 18.5% average annual returns since the fund was launched.
- Mirae Asset ELSS Tax Saver Fund - Plan-Payout of Income Distribution cum capital withdrawal scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in elss
Fund Objective
The investment objective of the scheme is to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. The Scheme does not guarantee or assure any returns.
Top 10 Holdings
HDFC Bank Ltd
8.21%
Axis Bank Ltd
4.82%
State Bank of India
4.59%
ICICI Bank Ltd
4.23%
Infosys Ltd
4.19%
Larsen & Toubro Ltd
3.57%
Tata Consultancy Services Ltd
2.85%
Kotak Mahindra Bank Ltd
2.41%
One97 Communications Ltd
2.01%
Bharti Airtel Ltd
1.90%
Fund Managers
- Neelesh Surana (Dec 2015 - Present)
Key Information
View Scheme Document
Mirae Asset ELSS Tax Saver Fund - Plan-Payout of Income Distribution cum capital withdrawal SIP Calculator
If invested
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For a period of
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This Fund
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NRI Mutual Fund Tax on Mirae Asset ELSS Tax Saver Fund - Plan-Payout of Income Distribution cum capital withdrawal
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Mirae Asset ELSS Tax Saver Fund - Plan-Payout of Income Distribution cum capital withdrawal?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Mirae Asset ELSS Tax Saver Fund - Plan-Payout of Income Distribution cum capital withdrawal
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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