Mirae Asset Tax Saver Fund Overview
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 23
BMSMONEY Rating
Gro. Opt. As On: 26-07-2024
NAV ₹47.85(R) +1.59% ₹53.63(D) +1.59%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 36.21% 18.74% 22.55% 17.73% -%
LumpSum (D) 37.54% 20.07% 24.12% 19.26% -%
SIP (R) 45.99% 26.2% 24.26% 21.24% -%
SIP (D) 47.41% 27.47% 25.68% 22.7% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.86 0.45 0.87 1.2% 0.12
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
12.22% -12.9% -11.24% 0.89 8.69%
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
SBI Long Term Equity Fund 1
HDFC Taxsaver 2
Quant Tax Plan 3
Motilal Oswal Long Term Equity Fund (Moflte) 4
Bank Of India Tax Advantage Fund 5
JM Tax Gain Fund 6
ITI Long Term Equity Fund 7
Franklin India Taxshield 8

NAV Date: 26-07-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Tax Saver Fund Regular IDCW 27.3
0.4300
1.5900%
Mirae Asset Tax Saver Fund Direct IDCW 31.84
0.5000
1.5900%
Mirae Asset Tax Saver Fund-Regular Plan-Growth 47.85
0.7500
1.5900%
Mirae Asset Tax Saver Fund-Direct Plan -Growth 53.63
0.8400
1.5900%

Review Date: 26-07-2024

Mirae Asset Tax Saver Fund has shown poor performance in the ELSS (Tax Saving) Fund category. The fund has rank of 23 out of 35 funds in the category. The fund has delivered return of 36.21% in 1 year, 18.74% in 3 years and 22.55% in 5 years. The category average for the same periods is 39.91%, 20.18% and 21.58% respectively, which shows poor return performance of fund in the category. The fund has exhibited standard deviation of 12.22, VaR of -12.9, Average Drawdown of -5.4, Semi Deviation of 8.69 and Max Drawdown of -11.24. The category average for the same parameters is 12.71, -14.08, -5.57, 9.01 and -12.33 respectively. The fund has low risk in the category.

Key Points:

  1. An investment of ₹10,000 in Mirae Asset Tax Saver Fund direct growth option would have grown to ₹13754.0 in 1 year, ₹17309.0 in 3 years and ₹29463.0 in 5 years as of today (26-07-2024).
  2. An SIP of ₹1,000 per month in Mirae Asset Tax Saver Fund direct growth option would have grown to ₹14888.0 in 1 year, ₹53484.0 in 3 years and ₹113181.0 in 5 years as of today (26-07-2024).
  3. standard deviation of 12.22 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 0.86 which shows average performance of fund in the elss (tax saving) fund category.
  5. The fund has R-square of 0.94, Beta of 0.89 and Jensen's Alpha of 1.2% 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 % 4.45
3.56
1.50 | 6.29 8 | 35 Very Good
3M Return % 12.12
11.56
8.82 | 16.41 15 | 35 Good
6M Return % 19.23
20.14
15.39 | 27.68 21 | 35 Average
1Y Return % 36.21
39.91
24.44 | 56.46 21 | 35 Average
3Y Return % 18.74
20.18
11.54 | 28.89 23 | 33 Average
5Y Return % 22.55
21.58
15.49 | 35.49 10 | 32 Good
7Y Return % 17.73
15.52
11.28 | 24.66 5 | 29 Very Good
1Y SIP Return % 45.99
48.01
33.64 | 64.79 20 | 35 Average
3Y SIP Return % 26.20
28.05
20.20 | 39.75 19 | 33 Average
5Y SIP Return % 24.26
24.53
17.21 | 36.79 14 | 32 Good
7Y SIP Return % 21.24
20.43
14.42 | 31.24 11 | 29 Good
Standard Deviation 12.22
12.71
9.99 | 16.36 12 | 33 Good
Semi Deviation 8.69
9.01
7.16 | 11.67 14 | 33 Good
Max Drawdown % -11.24
-12.33
-22.81 | -6.28 13 | 33 Good
VaR 1 Y % -12.90
-14.08
-20.17 | -11.38 9 | 33 Very Good
Average Drawdown % -5.40
-5.57
-11.96 | -2.58 16 | 33 Good
Sharpe Ratio 0.86
0.95
0.28 | 1.59 21 | 33 Average
Sterling Ratio 0.87
0.93
0.36 | 1.67 21 | 33 Average
Sortino Ratio 0.45
0.51
0.17 | 0.91 22 | 33 Average
Jensen Alpha % 1.20
2.63
-8.40 | 13.97 22 | 33 Average
Treynor Ratio 0.12
0.14
0.04 | 0.23 22 | 33 Average
Modigliani Square Measure % 20.04
20.91
10.22 | 30.40 19 | 33 Average
Alpha % -0.85
0.58
-7.65 | 12.32 21 | 33 Average
Return data last Updated On : July 26, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : April 30, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 4.53 3.65 1.60 | 6.34 9 | 35
3M Return % 12.38 11.86 9.08 | 16.66 15 | 35
6M Return % 19.80 20.78 16.31 | 28.51 21 | 35
1Y Return % 37.54 41.42 26.33 | 58.34 22 | 35
3Y Return % 20.07 21.54 12.42 | 29.75 22 | 33
5Y Return % 24.12 22.94 16.48 | 37.72 9 | 32
7Y Return % 19.26 16.75 12.31 | 26.32 4 | 29
1Y SIP Return % 47.41 49.61 35.65 | 65.93 20 | 35
3Y SIP Return % 27.47 29.41 21.08 | 40.65 21 | 33
5Y SIP Return % 25.68 25.87 18.11 | 38.88 14 | 32
7Y SIP Return % 22.70 21.64 15.35 | 33.13 10 | 29
Standard Deviation 12.22 12.71 9.99 | 16.36 12 | 33
Semi Deviation 8.69 9.01 7.16 | 11.67 14 | 33
Max Drawdown % -11.24 -12.33 -22.81 | -6.28 13 | 33
VaR 1 Y % -12.90 -14.08 -20.17 | -11.38 9 | 33
Average Drawdown % -5.40 -5.57 -11.96 | -2.58 16 | 33
Sharpe Ratio 0.86 0.95 0.28 | 1.59 21 | 33
Sterling Ratio 0.87 0.93 0.36 | 1.67 21 | 33
Sortino Ratio 0.45 0.51 0.17 | 0.91 22 | 33
Jensen Alpha % 1.20 2.63 -8.40 | 13.97 22 | 33
Treynor Ratio 0.12 0.14 0.04 | 0.23 22 | 33
Modigliani Square Measure % 20.04 20.91 10.22 | 30.40 19 | 33
Alpha % -0.85 0.58 -7.65 | 12.32 21 | 33
Return data last Updated On : July 26, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : April 30, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 1.59 ₹ 10,159.00 1.59 ₹ 10,159.00
1W 1.83 ₹ 10,183.00 1.84 ₹ 10,184.00
1M 4.45 ₹ 10,445.00 4.53 ₹ 10,453.00
3M 12.12 ₹ 11,212.00 12.38 ₹ 11,238.00
6M 19.23 ₹ 11,923.00 19.80 ₹ 11,980.00
1Y 36.21 ₹ 13,621.00 37.54 ₹ 13,754.00
3Y 18.74 ₹ 16,741.00 20.07 ₹ 17,309.00
5Y 22.55 ₹ 27,646.00 24.12 ₹ 29,463.00
7Y 17.73 ₹ 31,352.00 19.26 ₹ 34,318.00
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 45.99 ₹ 14,806.34 47.41 ₹ 14,888.48
3Y ₹ 36000 26.20 ₹ 52,573.14 27.47 ₹ 53,484.48
5Y ₹ 60000 24.26 ₹ 109,391.10 25.68 ₹ 113,180.52
7Y ₹ 84000 21.24 ₹ 179,043.31 22.70 ₹ 188,579.33
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date NAV Regular Growth NAV Direct Growth
26-07-2024 47.85 53.628
25-07-2024 47.103 52.79
24-07-2024 47.14 52.829
23-07-2024 46.862 52.517
22-07-2024 46.99 52.659
19-07-2024 46.91 52.564
18-07-2024 47.531 53.259
16-07-2024 47.414 53.125
15-07-2024 47.385 53.091
12-07-2024 47.125 52.795
11-07-2024 46.941 52.588
10-07-2024 46.881 52.52
09-07-2024 47.06 52.718
08-07-2024 46.892 52.529
05-07-2024 46.878 52.509
04-07-2024 46.695 52.303
03-07-2024 46.584 52.177
02-07-2024 46.28 51.835
01-07-2024 46.349 51.911
28-06-2024 46.007 51.524
27-06-2024 45.984 51.497
26-06-2024 45.812 51.303

Fund Launch Date: 20/Nov/2015
Fund Category: ELSS (Tax Saving) Fund
Investment 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.
Fund Description: ELSS - An open ended equity linked saving scheme with a statutory lock in of 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.