Previously Known As : Mirae Asset Tax Saver Fund
Mirae Asset Elss Tax Saver Fund Overview
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 22
BMSMONEY Rating
Gro. Opt. As On: 11-10-2024
NAV ₹48.5(R) +0.02% ₹54.46(D) +0.02%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 34.41% 14.74% 22.94% 17.63% -%
LumpSum (D) 35.74% 16.0% 24.48% 19.15% -%
SIP (R) 13.91% 22.55% 23.25% 20.87% -%
SIP (D) 15.07% 23.81% 24.68% 22.34% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.78 0.41 0.8 0.79% 0.1
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
12.24% -12.9% -11.24% 0.92 8.5%
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
Motilal Oswal ELSS Tax Saver Fund 1
Sbi Long Term Equity Fund 2
Hdfc Taxsaver 3
JM ELSS Tax Saver Fund 4
ITI ELSS Tax Saver Fund 5
DSP ELSS Tax Saver Fund 6
Franklin India ELSS Tax Saver Fund 7

NAV Date: 11-10-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset ELSS Tax Saver Fund - Regular Plan - IDCW 27.67
0.0000
0.0200%
Mirae Asset ELSS Tax Saver Fund - Direct Plan - IDCW 32.33
0.0100
0.0200%
Mirae Asset ELSS Tax Saver Fund - Regular Plan - Growth 48.5
0.0100
0.0200%
Mirae Asset ELSS Tax Saver Fund - Direct Plan - Growth 54.46
0.0100
0.0200%

Review Date: 11-10-2024

Mirae Asset ELSS Tax Saver Fund has exhibited poor performance in the ELSS (Tax Saving) Fund category. The fund has rank of 22 out of 33 funds in the category. The fund has delivered return of 34.41% in 1 year, 14.74% in 3 years and 22.94% in 5 years. The category average for the same periods is 38.39%, 16.85% and 21.7% respectively, which shows poor return performance of fund in the category. The fund has exhibited standard deviation of 12.24, VaR of -12.9, Average Drawdown of -5.4, Semi Deviation of 8.5 and Max Drawdown of -11.24. The category average for the same parameters is 12.67, -14.08, -5.23, 8.83 and -12.31 respectively. The fund has low risk in the category.

Key Points:

  1. An investment of ₹10,000 in Mirae Asset ELSS Tax Saver Fund direct growth option would have grown to ₹13574.0 in 1 year, ₹15610.0 in 3 years and ₹29891.0 in 5 years as of today (11-10-2024).
  2. An SIP of ₹1,000 per month in Mirae Asset ELSS Tax Saver Fund direct growth option would have grown to ₹12959.0 in 1 year, ₹50911.0 in 3 years and ₹110548.0 in 5 years as of today (11-10-2024).
  3. standard deviation of 12.24 and based on VaR one can expect to lose more than -12.9% of current value of fund in one year.
  4. Sharpe ratio of the fund is 0.78 which shows average performance of fund in the elss (tax saving) fund category.
  5. The fund has R-square of 0.94, Beta of 0.92 and Jensen's Alpha of 0.79% which exhibit average performance in the elss (tax saving) fund category .


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % -0.15
0.70
-1.80 | 4.66 31 | 40 Poor
3M Return % 3.31
3.56
-2.12 | 13.08 26 | 40 Average
1Y Return % 34.41
38.39
22.59 | 67.76 27 | 40 Average
3Y Return % 14.74
16.85
8.22 | 26.66 25 | 33 Average
5Y Return % 22.94
21.70
15.26 | 35.58 10 | 32 Good
7Y Return % 17.63
15.68
10.84 | 23.94 8 | 29 Very Good
1Y SIP Return % 13.91
16.54
0.75 | 46.53 27 | 40 Average
3Y SIP Return % 22.55
25.03
17.58 | 41.33 23 | 33 Average
5Y SIP Return % 23.25
23.98
17.13 | 33.81 15 | 32 Good
7Y SIP Return % 20.87
20.41
14.22 | 29.94 11 | 29 Good
Standard Deviation 12.24
12.67
9.62 | 15.47 12 | 33 Good
Semi Deviation 8.50
8.83
6.83 | 10.96 12 | 33 Good
Max Drawdown % -11.24
-12.31
-22.56 | -6.28 13 | 33 Good
VaR 1 Y % -12.90
-14.08
-20.17 | -11.38 9 | 33 Very Good
Average Drawdown % -5.40
-5.23
-9.24 | -2.48 19 | 33 Average
Sharpe Ratio 0.78
0.88
0.19 | 1.48 21 | 33 Average
Sterling Ratio 0.80
0.86
0.31 | 1.53 20 | 33 Average
Sortino Ratio 0.41
0.47
0.12 | 0.85 22 | 33 Average
Jensen Alpha % 0.79
1.99
-8.39 | 9.14 19 | 33 Average
Treynor Ratio 0.10
0.12
0.03 | 0.20 23 | 33 Average
Modigliani Square Measure % 17.88
19.11
8.58 | 28.03 21 | 33 Average
Alpha % -0.52
0.59
-7.52 | 9.35 18 | 33 Good
Return data last Updated On : Oct. 11, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Sept. 30, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % -0.07 0.78 -1.64 | 4.76 32 | 41
3M Return % 3.56 3.83 -1.84 | 13.42 26 | 41
1Y Return % 35.74 39.95 24.43 | 69.77 27 | 40
3Y Return % 16.00 18.17 9.08 | 28.21 26 | 33
5Y Return % 24.48 23.07 16.24 | 37.78 9 | 32
7Y Return % 19.15 16.91 11.86 | 25.63 6 | 29
1Y SIP Return % 15.07 17.90 2.33 | 48.33 28 | 40
3Y SIP Return % 23.81 26.41 19.14 | 42.98 24 | 33
5Y SIP Return % 24.68 25.36 18.06 | 35.88 14 | 32
7Y SIP Return % 22.34 21.64 15.15 | 31.85 11 | 29
Standard Deviation 12.24 12.67 9.62 | 15.47 12 | 33
Semi Deviation 8.50 8.83 6.83 | 10.96 12 | 33
Max Drawdown % -11.24 -12.31 -22.56 | -6.28 13 | 33
VaR 1 Y % -12.90 -14.08 -20.17 | -11.38 9 | 33
Average Drawdown % -5.40 -5.23 -9.24 | -2.48 19 | 33
Sharpe Ratio 0.78 0.88 0.19 | 1.48 21 | 33
Sterling Ratio 0.80 0.86 0.31 | 1.53 20 | 33
Sortino Ratio 0.41 0.47 0.12 | 0.85 22 | 33
Jensen Alpha % 0.79 1.99 -8.39 | 9.14 19 | 33
Treynor Ratio 0.10 0.12 0.03 | 0.20 23 | 33
Modigliani Square Measure % 17.88 19.11 8.58 | 28.03 21 | 33
Alpha % -0.52 0.59 -7.52 | 9.35 18 | 33
Return data last Updated On : Oct. 11, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Sept. 30, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.02 ₹ 10,002.00 0.02 ₹ 10,002.00
1W -0.02 ₹ 9,998.00 0.00 ₹ 10,000.00
1M -0.15 ₹ 9,985.00 -0.07 ₹ 9,993.00
3M 3.31 ₹ 10,331.00 3.56 ₹ 10,356.00
6M ₹ ₹
1Y 34.41 ₹ 13,441.00 35.74 ₹ 13,574.00
3Y 14.74 ₹ 15,107.00 16.00 ₹ 15,610.00
5Y 22.94 ₹ 28,087.00 24.48 ₹ 29,891.00
7Y 17.63 ₹ 31,168.00 19.15 ₹ 34,098.00
10Y ₹ ₹
15Y ₹ ₹

Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 13.91 ₹ 12,886.09 15.07 ₹ 12,958.63
3Y ₹ 36000 22.55 ₹ 50,034.38 23.81 ₹ 50,910.62
5Y ₹ 60000 23.25 ₹ 106,811.52 24.68 ₹ 110,547.72
7Y ₹ 84000 20.87 ₹ 176,801.02 22.34 ₹ 186,249.00
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Mirae Asset Elss Tax Saver Fund NAV Regular Growth Mirae Asset Elss Tax Saver Fund NAV Direct Growth
11-10-2024 48.495 54.462
10-10-2024 48.485 54.45
09-10-2024 48.558 54.53
08-10-2024 48.295 54.233
07-10-2024 47.667 53.527
04-10-2024 48.504 54.462
03-10-2024 48.886 54.89
01-10-2024 49.88 56.003
30-09-2024 49.73 55.834
27-09-2024 50.256 56.419
26-09-2024 50.288 56.454
25-09-2024 50.057 56.193
24-09-2024 50.023 56.153
23-09-2024 49.939 56.057
20-09-2024 49.595 55.667
19-09-2024 49.116 55.128
17-09-2024 49.419 55.465
16-09-2024 49.378 55.418
13-09-2024 49.336 55.366
12-09-2024 49.297 55.321
11-09-2024 48.569 54.502

Fund Launch Date: 20/Nov/2015
Fund Category: ELSS (Tax Saving) Fund
Investment Objective: The investment objective of thescheme is to generate long-termcapital appreciation from a diversifiedportfolio of predominantly equity andequity related instruments. TheScheme does not guarantee orassure any returns.
Fund Description: ELSS - An open ended equity linkedsaving scheme with a statutory lock inof 3 years and tax benefit
Fund Benchmark: Nifty 200 (Total Return Index)
Source: Fund FactSheet

Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.