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How To Open Lifetime Free Mutual Funds Investment Account

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Life Time Free Mutual Funds Investment Account

Updated on March 22, 2019 , 171 views

Welcome to the World of Fincash.com !!! First of all, we would like to thank you for choosing us as your Mutual Fund investment channel.

Are you a beginner? Are you a seasoned investor? Don’t worry, all your needs will be catered. Be Rest Assured as we are always there to guide you at every step whether related to investments, product selection, registration or any other query. So, let’s move ahead to have a better understanding of the features of the Life Time Free Mutual Funds Investment Account along with the registration process.

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Disclaimer:
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Why Fincash.com Investment Account?

Fincash.com always believes in “Customer First” policy. We always ensure to provide top-notch customer service by keeping in mind the client’s requirements and how effectively it can be fulfilled. Our aim is to create value for your money so that you can achieve your goals within the timeframe. Some of the investor-friendly features of Fincash.com include:

  • User-friendly website so that you get maximum information in minimum clicks
  • Lifetime Active & Free Account where investors need not pay any money even if they don’t transact.
  • Easy Registration Process where people need not spend much time.
  • KYC Compliance which can be done within our framework through eKYC and is indeed helpful for first-timers.
  • Safety & Security are always on our priority where; we ensure that client’s data and all their transactions both are kept confidential.
  • Wide Range of Schemes which people can choose as per their requirements.
  • Customized Solutions of Fincash.com that helps investors to ease out their product selection process under the categories of ELSS, SIPs, and Tax Saving Scheme.

Registration Process for Fincash.com

Well, the registration process to open your Life Time Free Mutual Fund Investment Account is quite simple. To complete your registration, you require:

  • An active mobile number
  • PAN number
  • Aadhar Number
  • Scanned Copy/Image of personalized cancelled cheque, Bank statement, Front Page of Passbook
  • Scanned Copy/Image of your Signature

let us look at the registration process:

Step 1: Create Your Login

The First step begins with creating your login. To create your login id, first you need to visit the website of www.fincash.com and click on the SIGN UP button on the top right side of the screen After clicking on this button, you need to enter your email address and password. This login id will be used by you whenever while transacting. So, be sure that you give your correct and valid email address. You can even do social signup using Facebook or Gmail id. The image showing the login button tab and the login screen is shown below.

Step-1-Login

Step 2: Mobile Verification

After creating your login id, the next step deals with verification of mobile number. In other words, post creation of login id, the screen gets redirected to mobile number verification where people need to enter their mobile number. Upon entering the mobile number, they receive a One Time Password (OTP) through SMS which again needs to be entered on the screen. So, be careful that you enter your correct and active mobile number. Also, while entering the OTP, ensure that all the characters are entered correctly. The image for the second step is as follows.

Step-2-Mobile-Verification

Step 3: PAN MF KYC Status Check

The Third step ensures that, whether you are a KYC compliant investor or not. MF KYC or Know-Your-Customer is a one-time process that you need to complete before Investing money in Mutual Funds. The KYC Status is verified using your PAN. If You have already completed your KYC process, then you will get a pop up for the same and can proceed with the registration process. For those who have not completed your KYC process, the popup will be “Would you like to proceed with Aadhar eKYC?” In this, you have a choice whether to choose to go ahead with the eKYC procedure or not. The image given below shows the screen snapshot for PAN MF KYC status check.

Step-3-PAN-KYC-Verification

Step 4: Complete eKYC Formalities

As mentioned in the previous step, you have a choice to opt Aadhar based KYC i.e., eKYC. People can complete their eKYC process through their Aadhar number. However, using eKYC one can invest up to INR 50,000 only in a financial year. Once you click on "Yes" option for eKYC completion, then you will be redirected to a screen wherein; you need to enter your Aadhar number. After entering the Aadhar number, you will again get an OTP on your registered mobile number. You need to enter this OTP and fill-in the additional details form. The image for step showing the completion of eKYC process is as follows.

Step-4-eKYC-Verification

Step 5: Registration Form

This process needs to be completed by all individuals. For registration purposes, you need to fill in the form, that is spread out into 5 different tabs. These tabs include personal information, address details, bank account, FATCA details, and nominee. By filling all the tabs and uploading the relevant documents, you complete the complete KYC process and can invest up to any amount in Mutual Funds. After filling all the details, you need to click on the check box, to proceed to the next step. The image showing the various tabs of registration form along with the check box is as shown below.

Step-5-Registration

Step 6: Upload Documents

This is the final step in your registration process. If you have completed the KYC process, then you just need to upload:

  • Scanned copy/Image of your signature and
  • Scanned copy/Image of your personalized cheque.

However, if you have not completed the eKYC and you are not KYC compliant then along with the above-mentioned documents, you need to upload

  • Photograph
  • Scanned copy/Image of PAN card and
  • Scanned copy/Image of Address Proof

In case of upload documents, the display of the screen is given below as follows.

Step-6-Upload-Documents

Thus, we can see that the registration process is quite simple. Now the final part that is the customized solutions of Fincash.com. The USP of Fincash.com is its customized solutions that help in easing out the product selection process.

Fincash Solutions

These three solutions are for general investment need are :

SavingsPlus

This solution is suitable for people having idle money in their savings bank account and are looking for avenues to augment more income. savingsplus is a bundle of top three Liquid Fund schemes that offer more returns as compared to the Savings Account. Additionally, these funds are considered as a safe investment avenue. Some of the features of SavingsPlus are:

  • Higher returns
  • Instant redemption
  • No lock-in or exit load
  • Invest and redeem in a click

Checkout Saving Plus

SmartSIP

smartsip is a bundle of top three equity fund schemes that are considered to be stable and have earned good returns over a period of time. Its apt for people having long-term investment period. As the name suggests SIP, people can invest small amounts in this schemes to attain their objectives. The features of SmartSIP include:

  • Pre-selected top 3 SIP schemes
  • Schemes selected after an analysis of 20,000 schemes
  • Earn healthy returns

Checkout Smart SIP

TaxSaver

The third solution taxsaver is a bundle of two Equity Mutual Funds that give the advantages of investing and tax benefits. Through TaxSaver, people can claim a tax deduction up to INR 1,50,000 under Section 80C of Income Tax Act, 1961 for a particular Financial Year. Being Tax Saving Investments, they have a lock-in period of three years. Their features include:

  • Selected after analysis across ELSS category
  • Pre-selected top 2 best Equity Linked Saving Schemes(ELSS)
  • Save tax and earn healthy returns

Checkout Tax Saver

Best Mutual Funds to Start Investments

Below is the list of best mutual funds once can invest having Net Assets/ AUM above 500 Crore.

1. SBI Banking & Financial Services Fund

The investment objective of the scheme is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. However, there can be no assurance that the investment objective of the Scheme will be realized.

SBI Banking & Financial Services Fund is a Equity - Sectoral fund was launched on 26 Feb 15. It is a fund with High risk and has given a CAGR/Annualized return of 14.7% since its launch.  Return for 2018 was 9.5% , 2017 was 40.7% and 2016 was 17% .

Below is the key information for SBI Banking & Financial Services Fund

SBI Banking & Financial Services Fund
Growth
Launch Date 26 Feb 15
NAV (22 Mar 19) ₹17.4801 ↓ -0.07   (-0.38 %)
Net Assets (Cr) ₹632 on 28 Feb 19
Category Equity - Sectoral
AMC SBI Funds Management Private Limited
Rating Not Rated
Risk High
Expense Ratio 3.02
Sharpe Ratio 0.35
Information Ratio 0.12
Alpha Ratio 0.2
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

DateValue
28 Feb 15₹10,000
29 Feb 16₹8,047
28 Feb 17₹12,177
28 Feb 18₹14,883
28 Feb 19₹16,196

SBI Banking & Financial Services Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹570,326.
Net Profit of ₹270,326
Invest Now

Returns for SBI Banking & Financial Services Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 19

DurationReturns
1 Month 7.2%
3 Month 5.6%
6 Month 9.2%
1 Year 21%
3 Year 25.1%
5 Year
10 Year
15 Year
Since launch 14.7%
Historical performance (Yearly) on absolute basis
YearReturns
2018 9.5%
2017 40.7%
2016 17%
2015
2014
2013
2012
2011
2010
2009
Fund Manager information for SBI Banking & Financial Services Fund
NameSinceTenure
Sohini Andani26 Feb 153.93 Yr.

Data below for SBI Banking & Financial Services Fund as on 28 Feb 19

Equity Sector Allocation
SectorValue
Financial Services93.81%
Asset Allocation
Asset ClassValue
Cash6.19%
Equity93.81%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 16 | ICICIBANK
13%₹82 Cr2,355,814
↑ 100,000
GRUH Finance Ltd (Financial Services)
Equity, Since 31 Jan 19 | 511288
10%₹65 Cr2,625,000
↑ 1,918,600
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | HDFCBANK
10%₹64 Cr309,000
↓ -100,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 15 | KOTAKBANK
10%₹62 Cr510,000
↑ 25,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | 532215
10%₹62 Cr870,000
↓ -50,000
State Bank of India (Financial Services)
Equity, Since 31 Jul 18 | SBIN
9%₹55 Cr2,060,000
AU Small Finance Bank Ltd (Financial Services)
Equity, Since 31 Jul 17 | 540611
6%₹39 Cr678,045
Treps
CBLO/Reverse Repo | -
5%₹33 Cr
PNB Housing Finance Ltd (Financial Services)
Equity, Since 30 Jun 18 | PNBHOUSING
4%₹27 Cr306,200
↓ -170,800
Muthoot Capital Services Ltd (Financial Services)
Equity, Since 30 Nov 17 | 511766
4%₹26 Cr325,436

2. ICICI Prudential Banking and Financial Services Fund

ICICI Prudential Banking and Financial Services Fund is an Open-ended equity scheme that seeks to generate long-term capital appreciation to unitholders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. However, there can be no assurance that the investment objective of the Scheme will be realized.

ICICI Prudential Banking and Financial Services Fund is a Equity - Sectoral fund was launched on 22 Aug 08. It is a fund with High risk and has given a CAGR/Annualized return of 19.1% since its launch.  Return for 2018 was -0.4% , 2017 was 45.1% and 2016 was 21.1% .

Below is the key information for ICICI Prudential Banking and Financial Services Fund

ICICI Prudential Banking and Financial Services Fund
Growth
Launch Date 22 Aug 08
NAV (22 Mar 19) ₹63.74 ↓ -0.55   (-0.86 %)
Net Assets (Cr) ₹2,604 on 28 Feb 19
Category Equity - Sectoral
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk High
Expense Ratio 2.52
Sharpe Ratio -0.1
Information Ratio 0.03
Alpha Ratio -8.73
Min Investment 5,000
Min SIP Investment 100
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
28 Feb 14₹10,000
28 Feb 15₹18,551
29 Feb 16₹14,290
28 Feb 17₹24,026
28 Feb 18₹28,580
28 Feb 19₹28,380

ICICI Prudential Banking and Financial Services Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹543,623.
Net Profit of ₹243,623
Invest Now

Returns for ICICI Prudential Banking and Financial Services Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 19

DurationReturns
1 Month 10.1%
3 Month 6.4%
6 Month 11%
1 Year 13.4%
3 Year 25.1%
5 Year 23.3%
10 Year
15 Year
Since launch 19.1%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -0.4%
2017 45.1%
2016 21.1%
2015 -7.2%
2014 69%
2013 -2.6%
2012 72.2%
2011 -31.6%
2010 32.8%
2009 77.6%
Fund Manager information for ICICI Prudential Banking and Financial Services Fund
NameSinceTenure
Roshan Chutkey29 Jan 181.01 Yr.

Data below for ICICI Prudential Banking and Financial Services Fund as on 28 Feb 19

Equity Sector Allocation
SectorValue
Financial Services96.32%
Asset Allocation
Asset ClassValue
Cash2.77%
Equity97.12%
Other0.1%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | ICICIBANK
14%₹356 Cr10,167,356
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK
9%₹247 Cr1,189,734
State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN
9%₹240 Cr8,913,537
↑ 1,209,421
Bank of Baroda (Financial Services)
Equity, Since 31 May 17 | 532134
6%₹154 Cr15,238,223
↑ 5,205,886
Bajaj Finserv Ltd (Financial Services)
Equity, Since 30 Jun 13 | 532978
5%₹142 Cr220,497
↑ 11,724
SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | 540719
5%₹119 Cr2,048,602
↑ 723,596
Treps
CBLO/Reverse Repo | -
4%₹104 Cr
Mahindra & Mahindra Financial Services Ltd (Financial Services)
Equity, Since 30 Jun 18 | M&MFIN
4%₹103 Cr2,601,948
↑ 289,341
Muthoot Finance Ltd (Financial Services)
Equity, Since 30 Apr 14 | 533398
3%₹88 Cr1,662,779
LIC Housing Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | LICHSGFIN
3%₹83 Cr1,745,821

3. TATA India Consumer Fund

The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its assets in equity/equity related instruments of the companies in the Consumption Oriented sectors in India.However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.The Scheme does not assure or guarantee any returns.

TATA India Consumer Fund is a Equity - Sectoral fund was launched on 28 Dec 15. It is a fund with High risk and has given a CAGR/Annualized return of 18% since its launch.  Return for 2018 was -2.1% , 2017 was 73.3% and 2016 was 3.1% .

Below is the key information for TATA India Consumer Fund

TATA India Consumer Fund
Growth
Launch Date 28 Dec 15
NAV (22 Mar 19) ₹17.0752 ↓ -0.05   (-0.29 %)
Net Assets (Cr) ₹1,407 on 28 Feb 19
Category Equity - Sectoral
AMC Tata Asset Management Limited
Rating Not Rated
Risk High
Expense Ratio 2.67
Sharpe Ratio -0.19
Information Ratio 1.05
Alpha Ratio -0.99
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-18 Months (1%),18 Months and above(NIL)

Growth of 10,000 investment over the years.

DateValue
29 Feb 16₹8,808
28 Feb 17₹12,271
28 Feb 18₹16,889
28 Feb 19₹16,544

TATA India Consumer Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033
Invest Now

Returns for TATA India Consumer Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 19

DurationReturns
1 Month 2.4%
3 Month -3.6%
6 Month -4.9%
1 Year 1.9%
3 Year 21.8%
5 Year
10 Year
15 Year
Since launch 18%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -2.1%
2017 73.3%
2016 3.1%
2015
2014
2013
2012
2011
2010
2009
Fund Manager information for TATA India Consumer Fund
NameSinceTenure
Sonam Udasi1 Apr 162.84 Yr.
Ennette Fernandes18 Jun 180.62 Yr.

Data below for TATA India Consumer Fund as on 28 Feb 19

Equity Sector Allocation
SectorValue
Consumer Defensive48.94%
Consumer Cyclical36.26%
Industrials3.36%
Basic Materials1.36%
Technology1.19%
Asset Allocation
Asset ClassValue
Cash9.21%
Equity91.11%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 16 | ITC
10%₹146 Cr5,275,000
↑ 100,000
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Sep 17 | 500696
10%₹142 Cr820,000
(A) Treps
CBLO/Reverse Repo | -
9%₹128 Cr
Bata India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 17 | 500043
6%₹81 Cr626,000
Dabur India Ltd (Consumer Defensive)
Equity, Since 31 Oct 17 | 500096
5%₹73 Cr1,675,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jan 16 | MARUTI
5%₹65 Cr94,600
GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 31 Mar 18 | 500676
5%₹63 Cr87,800
Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Oct 16 | FRETAIL
4%₹63 Cr1,485,000
Havells India Ltd (Industrials)
Equity, Since 31 Dec 17 | 517354
3%₹47 Cr660,000
Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 31 Jan 16 | 532977
3%₹46 Cr158,500

4. Aditya Birla Sun Life Banking And Financial Services Fund

The primary investment objective of the Scheme is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.

Aditya Birla Sun Life Banking And Financial Services Fund is a Equity - Sectoral fund was launched on 14 Dec 13. It is a fund with High risk and has given a CAGR/Annualized return of 22% since its launch.  Ranked 3 in Sectoral category.  Return for 2018 was -2.4% , 2017 was 47.6% and 2016 was 15.7% .

Below is the key information for Aditya Birla Sun Life Banking And Financial Services Fund

Aditya Birla Sun Life Banking And Financial Services Fund
Growth
Launch Date 14 Dec 13
NAV (22 Mar 19) ₹28.51 ↓ -0.19   (-0.66 %)
Net Assets (Cr) ₹1,533 on 28 Feb 19
Category Equity - Sectoral
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk High
Expense Ratio 2.64
Sharpe Ratio -0.13
Information Ratio -0.32
Alpha Ratio -11.28
Min Investment 1,000
Min SIP Investment 1,000
Exit Load 0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
28 Feb 14₹10,000
28 Feb 15₹17,814
29 Feb 16₹14,649
28 Feb 17₹23,134
28 Feb 18₹27,536
28 Feb 19₹26,773

Aditya Birla Sun Life Banking And Financial Services Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹530,691.
Net Profit of ₹230,691
Invest Now

Returns for Aditya Birla Sun Life Banking And Financial Services Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 19

DurationReturns
1 Month 9.8%
3 Month 5.4%
6 Month 6.9%
1 Year 10.5%
3 Year 21.5%
5 Year 22%
10 Year
15 Year
Since launch 22%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -2.4%
2017 47.6%
2016 15.7%
2015 -0.5%
2014 65.8%
2013
2012
2011
2010
2009
Fund Manager information for Aditya Birla Sun Life Banking And Financial Services Fund
NameSinceTenure
Satyabrata Mohanty14 Dec 135.13 Yr.
Dhaval Gala26 Aug 153.44 Yr.

Data below for Aditya Birla Sun Life Banking And Financial Services Fund as on 28 Feb 19

Equity Sector Allocation
SectorValue
Financial Services97.63%
Asset Allocation
Asset ClassValue
Cash2.37%
Equity97.63%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | HDFCBANK
17%₹264 Cr1,271,000
↓ -150,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | ICICIBANK
13%₹199 Cr5,670,190
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 532215
7%₹112 Cr1,574,000
↑ 700,000
Bandhan Bank Ltd (Financial Services)
Equity, Since 30 Apr 18 | 541153
7%₹111 Cr2,319,500
↓ -8,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 17 | SBIN
6%₹98 Cr3,641,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 500034
5%₹83 Cr312,931
↓ -43,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 19 | KOTAKBANK
5%₹79 Cr650,000
↑ 600,000
Bharat Financial Inclusion Ltd (Financial Services)
Equity, Since 31 May 14 | BHARATFIN
5%₹77 Cr832,607
L&T Finance Holdings Ltd (Financial Services)
Equity, Since 31 Aug 16 | 533519
5%₹70 Cr5,663,000
PNB Housing Finance Ltd (Financial Services)
Equity, Since 31 Oct 16 | PNBHOUSING
4%₹59 Cr658,724

5. Mirae Asset Tax Saver Fund

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.

Mirae Asset Tax Saver Fund is a Equity - ELSS fund was launched on 28 Dec 15. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 18.6% since its launch.  Return for 2018 was -2.3% , 2017 was 47.9% and 2016 was 14.8% .

Below is the key information for Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund
Growth
Launch Date 28 Dec 15
NAV (22 Mar 19) ₹17.354 ↓ -0.08   (-0.47 %)
Net Assets (Cr) ₹1,381 on 28 Feb 19
Category Equity - ELSS
AMC Mirae Asset Global Inv (India) Pvt. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 2.45
Sharpe Ratio -0.16
Information Ratio 1.59
Alpha Ratio -0.8
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
29 Feb 16₹8,767
28 Feb 17₹12,833
28 Feb 18₹16,322
28 Feb 19₹16,312

Mirae Asset Tax Saver Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033
Invest Now

Returns for Mirae Asset Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Mar 19

DurationReturns
1 Month 6.6%
3 Month 4.6%
6 Month 3.5%
1 Year 11.1%
3 Year 21.5%
5 Year
10 Year
15 Year
Since launch 18.6%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -2.3%
2017 47.9%
2016 14.8%
2015
2014
2013
2012
2011
2010
2009
Fund Manager information for Mirae Asset Tax Saver Fund
NameSinceTenure
Neelesh Surana28 Dec 153.1 Yr.

Data below for Mirae Asset Tax Saver Fund as on 28 Feb 19

Equity Sector Allocation
SectorValue
Financial Services30.33%
Consumer Cyclical15.01%
Technology10.81%
Basic Materials8.82%
Industrials8.35%
Consumer Defensive8.18%
Health Care8.01%
Energy7.06%
Utility1.81%
Asset Allocation
Asset ClassValue
Cash1.62%
Equity98.38%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
9%₹121 Cr582,905
↑ 63,693
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE
6%₹80 Cr647,376
↑ 80,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
5%₹72 Cr2,069,168
↑ 254,895
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
5%₹71 Cr1,001,193
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
4%₹53 Cr266,785
↑ 8,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
3%₹45 Cr1,676,357
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
3%₹42 Cr573,689
↑ 65,000
Tata Steel Ltd (Basic Materials)
Equity, Since 31 Dec 15 | TATASTEEL
3%₹39 Cr788,478
↑ 8,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT
2%₹34 Cr265,541
ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | ITC
2%₹34 Cr1,242,928
↑ 82,118

So, do you want to be a smart investor and make money? Register and invest with Fincash.com and create wealth for your future.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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