Mirae Asset Tax Advantage Fund.Its an open-ended equity linked savings scheme.The investment objective of the scheme is seek to generate long term capital appreciation by predominantly investing in equity and equity related instruments and also enabling investors to avail of a deduction from gross total income as permitted under the Income Tax Act, 1961 from time to time and subject to applicable conditions.
Investment Options: The scheme offers dividend and growth options. The dividend option will further offer dividend reinvestment and payout facilities.
Minimum Application Amount: The minimum application amount will be Rs.500 and in multiples of Re.500 thereafter.
Target Amount: The Scheme seeks to collect a minimum subscription amount of Rs. 1 crore under the scheme during the NFO period.
Asset Allocation: The scheme will invest 80%-100% in equity and equity related securities. The scheme cans investment up to 20% in debt and money market instruments. The scheme may invest in derivatives and securitized debt.
Face Value: Rs 10 per unit subject to applicable entry load.
Entry load: The scheme charges an entry load of 2.25% for the purchase amount less than Rs 5 crore. For the purchase amount greater than or equal to Rs 5 crore, it may ask for an entry load.
Exit load: No exit load will be charged after completion of a lock in period of three year from the date allotment of units.
Investment Options: The scheme offers dividend and growth options. The dividend option will further offer dividend reinvestment and payout facilities.
Minimum Application Amount: The minimum application amount will be Rs.500 and in multiples of Re.500 thereafter.
Target Amount: The Scheme seeks to collect a minimum subscription amount of Rs. 1 crore under the scheme during the NFO period.
Asset Allocation: The scheme will invest 80%-100% in equity and equity related securities. The scheme cans investment up to 20% in debt and money market instruments. The scheme may invest in derivatives and securitized debt.
Face Value: Rs 10 per unit subject to applicable entry load.
Entry load: The scheme charges an entry load of 2.25% for the purchase amount less than Rs 5 crore. For the purchase amount greater than or equal to Rs 5 crore, it may ask for an entry load.
Exit load: No exit load will be charged after completion of a lock in period of three year from the date allotment of units.
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