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    Should I shift to Mirae Asset Tax Saver Fund?

    Synopsis

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

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    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.

    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.
    (If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)
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    1 Comment on this Story

    satya ranjan nayak398 days ago
    Mirae assets bluechip is a best performing fund of mirae assets mf AMC. You have already one elss fund of absl mf AMC. Aditya birla sun life tax relief 96 is a good fund.You need not shift mirae bluechip to mirae tax saver. Because both schemes have 80% common stocks.
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