Mirae Asset Tax Saver Fund Overview
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 22
BMSMONEY Rating
Gro. Opt. As On: 17-09-2024
NAV ₹49.42(R) +0.08% ₹55.46(D) +0.08%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 34.63% 16.39% 24.03% 17.63% -%
LumpSum (D) 35.95% 17.68% 25.59% 19.15% -%
SIP (R) 41.11% 26.19% 25.2% 21.86% -%
SIP (D) 42.49% 27.45% 26.64% 23.32% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.82 0.43 0.84 0.66% 0.11
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
12.32% -12.9% -11.24% 0.9 8.62%
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
SBI Long Term Equity Fund 1
HDFC Taxsaver 2
Motilal Oswal Long Term Equity Fund (Moflte) 3
Quant Tax Plan 4
JM Tax Gain Fund 5
Bank Of India Tax Advantage Fund 6
ITI Long Term Equity Fund 7

NAV Date: 17-09-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Tax Saver Fund Regular IDCW 28.2
0.0200
0.0900%
Mirae Asset Tax Saver Fund Direct IDCW 32.93
0.0300
0.0900%
Mirae Asset Tax Saver Fund-Regular Plan-Growth 49.42
0.0400
0.0800%
Mirae Asset Tax Saver Fund-Direct Plan -Growth 55.46
0.0500
0.0800%

Review Date: 17-09-2024

Mirae Asset Tax Saver Fund has exhibited poor performance in the ELSS (Tax Saving) Fund category. The fund has rank of 22 out of 35 funds in the category. The fund has delivered return of 34.63% in 1 year, 16.39% in 3 years and 24.03% in 5 years. The category average for the same periods is 39.0%, 18.3% and 22.98% respectively, which shows poor return performance of fund in the category. The fund has exhibited standard deviation of 12.32, VaR of -12.9, Average Drawdown of -5.41, Semi Deviation of 8.62 and Max Drawdown of -11.24. The category average for the same parameters is 12.84, -14.08, -5.31, 8.98 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 ₹13595.0 in 1 year, ₹16296.0 in 3 years and ₹31248.0 in 5 years as of today (17-09-2024).
  2. An SIP of ₹1,000 per month in Mirae Asset Tax Saver Fund direct growth option would have grown to ₹14615.0 in 1 year, ₹53515.0 in 3 years and ₹115896.0 in 5 years as of today (17-09-2024).
  3. standard deviation of 12.32 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 0.82 which shows average performance of fund in the elss (tax saving) fund category.
  5. The fund has R-square of 0.94, Beta of 0.9 and Jensen's Alpha of 0.66% 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 % 3.46
4.14
-0.24 | 7.05 27 | 35 Average
3M Return % 9.11
8.08
0.71 | 13.78 12 | 35 Good
6M Return % 23.17
23.37
17.87 | 41.14 17 | 35 Good
1Y Return % 34.63
39.00
26.53 | 66.15 24 | 35 Average
3Y Return % 16.39
18.30
8.99 | 27.09 23 | 33 Average
5Y Return % 24.03
22.98
16.28 | 37.05 11 | 32 Good
7Y Return % 17.63
15.60
11.22 | 23.71 7 | 29 Very Good
1Y SIP Return % 41.11
43.29
32.88 | 74.08 23 | 35 Average
3Y SIP Return % 26.19
28.22
21.43 | 42.62 23 | 33 Average
5Y SIP Return % 25.20
25.62
18.83 | 36.17 15 | 32 Good
7Y SIP Return % 21.86
21.23
15.14 | 31.02 11 | 29 Good
Standard Deviation 12.32
12.84
9.92 | 15.90 10 | 33 Good
Semi Deviation 8.62
8.98
7.11 | 11.38 13 | 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 % -5.41
-5.31
-9.27 | -2.58 18 | 33 Good
Sharpe Ratio 0.82
0.93
0.24 | 1.57 23 | 33 Average
Sterling Ratio 0.84
0.91
0.34 | 1.63 21 | 33 Average
Sortino Ratio 0.43
0.50
0.15 | 0.91 25 | 33 Average
Jensen Alpha % 0.66
2.49
-9.30 | 12.87 24 | 33 Average
Treynor Ratio 0.11
0.13
0.03 | 0.22 24 | 33 Average
Modigliani Square Measure % 19.20
20.43
9.38 | 30.04 20 | 33 Average
Alpha % -0.63
0.83
-9.61 | 11.32 20 | 33 Average
Return data last Updated On : Sept. 17, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 28, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 3.55 4.23 -0.15 | 7.15 27 | 35
3M Return % 9.37 8.38 0.99 | 14.12 12 | 35
6M Return % 23.78 24.05 18.21 | 41.98 16 | 35
1Y Return % 35.95 40.52 27.87 | 68.14 23 | 35
3Y Return % 17.68 19.64 9.85 | 27.93 24 | 33
5Y Return % 25.59 24.36 17.27 | 39.29 11 | 32
7Y Return % 19.15 16.83 12.19 | 25.38 5 | 29
1Y SIP Return % 42.49 44.85 33.63 | 76.15 23 | 35
3Y SIP Return % 27.45 29.59 22.79 | 44.24 23 | 33
5Y SIP Return % 26.64 26.99 19.76 | 38.27 14 | 32
7Y SIP Return % 23.32 22.45 16.06 | 32.92 11 | 29
Standard Deviation 12.32 12.84 9.92 | 15.90 10 | 33
Semi Deviation 8.62 8.98 7.11 | 11.38 13 | 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 % -5.41 -5.31 -9.27 | -2.58 18 | 33
Sharpe Ratio 0.82 0.93 0.24 | 1.57 23 | 33
Sterling Ratio 0.84 0.91 0.34 | 1.63 21 | 33
Sortino Ratio 0.43 0.50 0.15 | 0.91 25 | 33
Jensen Alpha % 0.66 2.49 -9.30 | 12.87 24 | 33
Treynor Ratio 0.11 0.13 0.03 | 0.22 24 | 33
Modigliani Square Measure % 19.20 20.43 9.38 | 30.04 20 | 33
Alpha % -0.63 0.83 -9.61 | 11.32 20 | 33
Return data last Updated On : Sept. 17, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 28, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.08 ₹ 10,008.00 0.08 ₹ 10,008.00
1W 1.09 ₹ 10,109.00 1.10 ₹ 10,110.00
1M 3.46 ₹ 10,346.00 3.55 ₹ 10,355.00
3M 9.11 ₹ 10,911.00 9.37 ₹ 10,937.00
6M 23.17 ₹ 12,317.00 23.78 ₹ 12,378.00
1Y 34.63 ₹ 13,463.00 35.95 ₹ 13,595.00
3Y 16.39 ₹ 15,768.00 17.68 ₹ 16,296.00
5Y 24.03 ₹ 29,348.00 25.59 ₹ 31,248.00
7Y 17.63 ₹ 31,163.00 19.15 ₹ 34,097.00
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 41.11 ₹ 14,533.87 42.49 ₹ 14,614.86
3Y ₹ 36000 26.19 ₹ 52,607.38 27.45 ₹ 53,515.30
5Y ₹ 60000 25.20 ₹ 111,979.26 26.64 ₹ 115,896.12
7Y ₹ 84000 21.86 ₹ 183,161.16 23.32 ₹ 192,909.95
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date NAV Regular Growth NAV Direct Growth
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
10-09-2024 48.888 54.859
09-09-2024 48.533 54.459
06-09-2024 48.509 54.427
05-09-2024 49.123 55.115
04-09-2024 48.969 54.941
03-09-2024 49.11 55.098
02-09-2024 48.971 54.94
30-08-2024 49.061 55.037
29-08-2024 48.733 54.667
28-08-2024 48.698 54.627
27-08-2024 48.758 54.693
26-08-2024 48.575 54.486
23-08-2024 48.318 54.194
22-08-2024 48.306 54.179
21-08-2024 48.256 54.121
20-08-2024 48.014 53.848
19-08-2024 47.764 53.566

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.