Mirae Asset Tax Saver Fund Overview
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 22
BMSMONEY Rating
Growth Option As On: 22-04-2024
NAV ₹41.92 (R) +0.49% ₹46.86 (D) +0.49%
Returns Gro. Opt. 1Y 3Y 5Y 7Y 10Y
LumpSum Reg. P 35.96% 18.85% 19.08% 17.14% -%
LumpSum Dir. P 37.32% 20.21% 20.65% 18.68% -%
SIP Reg. P 15.55% 15.72% 20.74% 18.7% -%
SIP Dir. P 16.77% 16.98% 22.23% 20.2% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.7 0.37 0.79 0.8% 0.1
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
12.18% -12.9% -11.24% 0.89 8.5%

NAV Date: 22-04-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Tax Saver Fund Regular IDCW 23.92
0.1200
0.4900%
Mirae Asset Tax Saver Fund Direct IDCW 27.82
0.1400
0.4900%
Mirae Asset Tax Saver Fund-Regular Plan-Growth 41.92
0.2000
0.4900%
Mirae Asset Tax Saver Fund-Direct Plan -Growth 46.86
0.2300
0.4900%

Review Date: March 28, 2024

Performance of the Mirae Asset Tax Saver Fund has been analyzed on 20 performance parameters. Out of eight return parameters, the fund has zero return parameters in first quartile; whereas one risk parameter (out of five) in first quartile. Similarly zero risk-adjusted performance parameters are in first quartile. Based on this performance Mirae Asset Tax Saver Fund has achieved 22nd (out of 35 funds), which is poor rank in the ELSS (Tax Saving) Fund category. Essentially, among its peer group of similar types of funds, it stands in the very good position, a testament to its successful track record. The ELSS (Tax Saving) Fund category has 35 funds.
Our ranking method uses a composite performance score, which includes the fund's return, risk, and risk-adjusted performance over the past three years. This composite performance score is then used to rank the funds within a category.

The Mirae Asset Tax Saver Fund has poor return performance, as all 1 year and above return parameters are below average in ELSS (Tax Saving) Fund category. The details are provided below.'
    '
  1. 1 Month Return%: One month return shows funds performance in very short period of time, the Mirae Asset Tax Saver Fund has given return of -0.85% in last one month which is very poor as it is in the fourth quartile in ELSS (Tax Saving) Fund.
  2. 3 Month Return%: Three month return shows funds performance in short period of time, the Mirae Asset Tax Saver Fund has given return of 2.59% in last three month which is very poor as it is in the fourth quartile in ELSS (Tax Saving) Fund.
  3. 1 Year Return%: The Mirae Asset Tax Saver Fund has given return of 37.12% in last one year which is poor as it is in the below average in ELSS (Tax Saving) Fund. The one year return rank of Mirae Asset Tax Saver Fund is 25 in 35 funds. The investment of ₹ 10,000 in this fund would have become ₹ 13712.0 in one year.
  4. 3 Year Return%: The Mirae Asset Tax Saver Fund has given return of 16.92% in last three year which is poor as it is in the below average with return rank of 21 in 33 funds. in ELSS (Tax Saving) Fund.
  5. 5 Year Return%: The Mirae Asset Tax Saver Fund has given return of 18.33% in last five year which is good as it is above average with return rank of 9 in 31 funds. in ELSS (Tax Saving) Fund.
  6. 1 Year SIP Return%: The Mirae Asset Tax Saver Fund has given return of 12.92% in last one year which is poor as it is in the below average with return rank of 26 in 35 funds. in ELSS (Tax Saving) Fund.
  7. 3 Year SIP Return%: The Mirae Asset Tax Saver Fund has given return of 16.49% in last three year which is very poor as it is in the fourth quartile with rank of 25 in 33 funds. in ELSS (Tax Saving) Fund.
  8. 5 Year SIP Return%: The Mirae Asset Tax Saver Fund has given return of 20.37% in last five year which is poor as it is in the below average with return rank of 13 in 31 funds. in ELSS (Tax Saving) Fund.
    9. '
'

The Mirae Asset Tax Saver Fund has average risk performance, as more than 25% risk parameters are above average ELSS (Tax Saving) Fund category. The details are provided below. '
    '
  1. Standard Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the standard deviation, the greater the risk. The Mirae Asset Tax Saver Fund has standard deviation of 12.18 which is good as it is above average with risk rank of 10 in 33 funds. in ELSS (Tax Saving) Fund.
  2. Semi Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the semi-deviation, the greater the risk. It uses only negative returns for calculation. The Mirae Asset Tax Saver Fund has semi deviation of 8.5 which is good as it is above average with risk rank of 13 in 33 funds. in ELSS (Tax Saving) Fund.
  3. Max Drawdown %: It is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The Mirae Asset Tax Saver Fund has max drawdown of -11.24% which is good as it is above average with risk rank of 13 in 33 funds. in ELSS (Tax Saving) Fund.
  4. 1Y VaR at 95%: It is the maximum expected loss of an investment over a given time period with a given probability of confidence. The Mirae Asset Tax Saver Fund has 1Y VaR at 95% of -12.9% which is very good as it is in the top quartile with risk rank of 9 in 33 funds. in ELSS (Tax Saving) Fund.
  5. Average Drawdown %: It is the average of the drawdowns over a period of time. The Mirae Asset Tax Saver Fund has average drawdown of -4.41% which is good as it is above average with risk rank of 12 in 33 funds. in ELSS (Tax Saving) Fund.
    6. '
'

The Mirae Asset Tax Saver Fund has poor risk adjusted performance, as non of above risk adjusted paramerters are above average in ELSS (Tax Saving) Fund category. The details are provided below. '
    '
  1. Sterling Ratio: It is a measure of risk-adjusted return. The Mirae Asset Tax Saver Fund has Sterling Ratio of 0.79 which is poor as it is in the below average with risk rank of 22 in 33 funds. in ELSS (Tax Saving) Fund.
  2. Sortino Ratio: It is a measure of risk-adjusted return. The Mirae Asset Tax Saver Fund has Sortino Ratio of 0.37 which is poor as it is in the below average with risk rank of 23 in 33 funds. in ELSS (Tax Saving) Fund.
  3. Jensen Alpha %: It is a measure of risk-adjusted return. The Mirae Asset Tax Saver Fund has Jensen Alpha of 0.8% which is poor as it is in the below average with risk rank of 21 in 33 funds. in ELSS (Tax Saving) Fund.
  4. Treynor Ratio: It is a measure of risk-adjusted return. The Mirae Asset Tax Saver Fund has Treynor Ratio of 0.1 which is poor as it is in the below average with risk rank of 21 in 33 funds. in ELSS (Tax Saving) Fund.
  5. Modigliani Square Measure %: It is a measure of risk-adjusted return. The Mirae Asset Tax Saver Fund has Modigliani Square Measure of 18.27% which is poor as it is in the below average with risk rank of 19 in 33 funds. in ELSS (Tax Saving) Fund.
  6. Alpha %: It is a measure of risk-adjusted return. The Mirae Asset Tax Saver Fund has Alpha of -1.17% which is poor as it is in the below average with risk rank of 21 in 33 funds. in ELSS (Tax Saving) Fund.
    7. '
'


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Better Than Cat. Avg In 1st Quartile In 4th Quartile
1M Return % 3.61
3.02
0.61 | 6.36 8 | 35
Yes
Yes
No
3M Return % 6.89
7.67
2.19 | 14.29 18 | 35
No
No
No
6M Return % 20.27
22.04
12.77 | 38.75 20 | 35
No
No
No
1Y Return % 35.96
39.56
24.15 | 60.49 22 | 35
No
No
No
3Y Return % 18.85
20.25
11.77 | 30.59 20 | 33
No
No
No
5Y Return % 19.08
17.38
10.49 | 31.71 8 | 31
Yes
Yes
No
7Y Return % 17.14
14.38
10.14 | 24.05 3 | 29
Yes
Yes
No
1Y SIP Return % 15.55
19.05
3.87 | 44.48 20 | 35
No
No
No
3Y SIP Return % 15.72
17.77
11.22 | 29.36 22 | 33
No
No
No
5Y SIP Return % 20.74
20.64
12.92 | 35.79 13 | 31
Yes
No
No
7Y SIP Return % 18.70
17.58
11.08 | 29.85 10 | 29
Yes
No
No
Standard Deviation 12.18
12.71
10.06 | 16.60 10 | 33
Yes
No
No
Semi Deviation 8.50
8.87
7.11 | 11.74 13 | 33
Yes
No
No
Max Drawdown % -11.24
-12.33
-22.81 | -6.28 13 | 33
Yes
No
No
VaR 1 Y % -12.90
-14.08
-20.17 | -11.38 9 | 33
Yes
Yes
No
Average Drawdown % -4.41
-4.86
-9.27 | -2.58 12 | 33
Yes
No
No
Sharpe Ratio 0.70
0.80
0.17 | 1.40 21 | 33
No
No
No
Sterling Ratio 0.79
0.85
0.35 | 1.55 22 | 33
No
No
No
Sortino Ratio 0.37
0.43
0.10 | 0.81 23 | 33
No
No
No
Jensen Alpha % 0.80
2.35
-7.38 | 15.75 21 | 33
No
No
No
Treynor Ratio 0.10
0.12
0.02 | 0.24 21 | 33
No
No
No
Modigliani Square Measure % 18.27
19.23
9.76 | 28.13 19 | 33
No
No
No
Alpha % -1.17
0.39
-8.49 | 13.92 21 | 33
No
No
No
Return data last Updated On : April 22, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 28, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Better Than Cat. Avg In 1st Quartile In 4th Quartile
1M Return % 3.69 3.11 0.67 | 6.44 8 | 35
Yes
Yes
No
3M Return % 7.15 7.96 2.67 | 14.55 18 | 35
No
No
No
6M Return % 20.85 22.70 13.89 | 39.43 19 | 35
No
No
No
1Y Return % 37.32 41.07 26.05 | 62.24 22 | 35
No
No
No
3Y Return % 20.21 21.62 12.68 | 32.64 21 | 33
No
No
No
5Y Return % 20.65 18.70 11.46 | 33.89 7 | 31
Yes
Yes
No
7Y Return % 18.68 15.60 11.17 | 25.65 3 | 29
Yes
Yes
No
1Y SIP Return % 16.77 20.43 5.58 | 46.08 19 | 35
No
No
No
3Y SIP Return % 16.98 19.10 12.08 | 30.21 24 | 33
No
No
No
5Y SIP Return % 22.23 22.00 13.86 | 38.01 12 | 31
Yes
No
No
7Y SIP Return % 20.20 18.80 12.03 | 31.75 9 | 29
Yes
No
No
Standard Deviation 12.18 12.71 10.06 | 16.60 10 | 33
Yes
No
No
Semi Deviation 8.50 8.87 7.11 | 11.74 13 | 33
Yes
No
No
Max Drawdown % -11.24 -12.33 -22.81 | -6.28 13 | 33
Yes
No
No
VaR 1 Y % -12.90 -14.08 -20.17 | -11.38 9 | 33
Yes
Yes
No
Average Drawdown % -4.41 -4.86 -9.27 | -2.58 12 | 33
Yes
No
No
Sharpe Ratio 0.70 0.80 0.17 | 1.40 21 | 33
No
No
No
Sterling Ratio 0.79 0.85 0.35 | 1.55 22 | 33
No
No
No
Sortino Ratio 0.37 0.43 0.10 | 0.81 23 | 33
No
No
No
Jensen Alpha % 0.80 2.35 -7.38 | 15.75 21 | 33
No
No
No
Treynor Ratio 0.10 0.12 0.02 | 0.24 21 | 33
No
No
No
Modigliani Square Measure % 18.27 19.23 9.76 | 28.13 19 | 33
No
No
No
Alpha % -1.17 0.39 -8.49 | 13.92 21 | 33
No
No
No
Return data last Updated On : April 22, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 28, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.49 ₹ 10049.0 0.49 ₹ 10049.0
1W 0.43 ₹ 10043.0 0.44 ₹ 10044.0
1M 3.61 ₹ 10361.0 3.69 ₹ 10369.0
3M 6.89 ₹ 10689.0 7.15 ₹ 10715.0
6M 20.27 ₹ 12027.0 20.85 ₹ 12085.0
1Y 35.96 ₹ 13596.0 37.32 ₹ 13732.0
3Y 18.85 ₹ 16788.0 20.21 ₹ 17370.0
5Y 19.08 ₹ 23940.0 20.65 ₹ 25565.0
7Y 17.14 ₹ 30273.0 18.68 ₹ 33163.0
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 15.5502 ₹ 12988.68 16.7668 ₹ 13064.304
3Y ₹ 36000 15.7213 ₹ 45451.98 16.9795 ₹ 46272.852
5Y ₹ 60000 20.7389 ₹ 100511.4 22.2296 ₹ 104206.2
7Y ₹ 84000 18.7014 ₹ 163630.656 20.1995 ₹ 172592.364
10Y ₹ 120000 - ₹ - - ₹ -
15Y ₹ 180000 - ₹ - - ₹ -


Date NAV Regular Growth NAV Direct Growth
22-04-2024 41.919 46.86
19-04-2024 41.716 46.63
18-04-2024 41.595 46.494
16-04-2024 41.741 46.655
15-04-2024 41.77 46.686
12-04-2024 42.294 47.267
09-04-2024 42.316 47.288
08-04-2024 42.307 47.277
05-04-2024 41.987 46.915
04-04-2024 41.817 46.724
03-04-2024 41.668 46.556
02-04-2024 41.555 46.429
01-04-2024 41.442 46.302
28-03-2024 40.826 45.608
27-03-2024 40.587 45.341
26-03-2024 40.457 45.194
22-03-2024 40.504 45.242
21-03-2024 40.294 45.006
20-03-2024 39.828 44.485
19-03-2024 39.794 44.445
18-03-2024 40.121 44.809
15-03-2024 40.074 44.753
14-03-2024 40.259 44.959
13-03-2024 39.833 44.482
12-03-2024 40.786 45.545
11-03-2024 41.033 45.819
07-03-2024 41.381 46.203
06-03-2024 41.306 46.119
05-03-2024 41.418 46.242
04-03-2024 41.54 46.377
01-03-2024 41.397 46.214
29-02-2024 40.888 45.644
28-02-2024 40.775 45.517
27-02-2024 41.178 45.965
26-02-2024 41.115 45.893
23-02-2024 41.083 45.854
22-02-2024 41.028 45.791
21-02-2024 40.833 45.573
20-02-2024 40.986 45.742
19-02-2024 40.788 45.52
16-02-2024 40.629 45.339
15-02-2024 40.302 44.972
14-02-2024 40.072 44.715
13-02-2024 39.84 44.455
12-02-2024 39.669 44.263
09-02-2024 40.223 44.877
08-02-2024 40.245 44.901
07-02-2024 40.505 45.189
06-02-2024 40.454 45.132
05-02-2024 40.119 44.757
02-02-2024 40.324 44.981
01-02-2024 40.315 44.971
31-01-2024 40.434 45.101
30-01-2024 39.909 44.515
29-01-2024 40.133 44.764
25-01-2024 39.623 44.19
24-01-2024 39.832 44.422
23-01-2024 39.216 43.733
19-01-2024 39.93 44.525
18-01-2024 39.59 44.145
17-01-2024 39.722 44.291
16-01-2024 40.579 45.245
15-01-2024 40.715 45.395
12-01-2024 40.47 45.119
11-01-2024 40.186 44.801
10-01-2024 40.117 44.723
09-01-2024 39.959 44.546
08-01-2024 39.84 44.411
05-01-2024 40.24 44.854
04-01-2024 40.125 44.725
03-01-2024 39.797 44.357
02-01-2024 39.827 44.389
01-01-2024 39.939 44.513
29-12-2023 39.796 44.35
28-12-2023 39.678 44.218
27-12-2023 39.487 44.003
26-12-2023 39.181 43.661
22-12-2023 39.027 43.486
21-12-2023 38.829 43.263
20-12-2023 38.449 42.839
19-12-2023 39.312 43.799
18-12-2023 39.217 43.692
15-12-2023 39.11 43.57
14-12-2023 38.83 43.256
13-12-2023 38.403 42.779
12-12-2023 38.218 42.573
11-12-2023 38.463 42.844
08-12-2023 38.396 42.766
07-12-2023 38.246 42.597
06-12-2023 38.144 42.483
05-12-2023 38.107 42.441
04-12-2023 37.895 42.204
01-12-2023 37.215 41.443
30-11-2023 36.942 41.138
29-11-2023 36.752 40.926
28-11-2023 36.398 40.529
24-11-2023 36.268 40.381
23-11-2023 36.236 40.345
22-11-2023 36.306 40.421
21-11-2023 36.28 40.391
20-11-2023 36.128 40.22
17-11-2023 36.123 40.212
16-11-2023 36.183 40.277
15-11-2023 36.012 40.086
13-11-2023 35.629 39.658
10-11-2023 35.591 39.612
09-11-2023 35.481 39.489
08-11-2023 35.558 39.573
07-11-2023 35.429 39.429
06-11-2023 35.335 39.323
03-11-2023 34.919 38.858
02-11-2023 34.684 38.595
01-11-2023 34.415 38.295
31-10-2023 34.652 38.557
30-10-2023 34.757 38.673
27-10-2023 34.658 38.56
26-10-2023 34.31 38.171
25-10-2023 34.629 38.525
23-10-2023 34.855 38.775
20-10-2023 35.567 39.564
19-10-2023 35.79 39.811
18-10-2023 35.937 39.974
17-10-2023 36.119 40.175
16-10-2023 35.968 40.006
13-10-2023 35.962 39.995
12-10-2023 36.11 40.16
11-10-2023 36.079 40.123
10-10-2023 35.881 39.902
09-10-2023 35.508 39.486
06-10-2023 35.891 39.91
05-10-2023 35.777 39.782
04-10-2023 35.511 39.485
03-10-2023 35.829 39.838
29-09-2023 35.888 39.898
27-09-2023 35.822 39.823
26-09-2023 35.717 39.705
25-09-2023 35.745 39.736
22-09-2023 35.848 39.847
21-09-2023 36.005 40.021
20-09-2023 36.348 40.401
18-09-2023 36.708 40.799
15-09-2023 36.87 40.975
14-09-2023 36.655 40.735
13-09-2023 36.531 40.596
12-09-2023 36.425 40.478
11-09-2023 36.778 40.869
08-09-2023 36.519 40.578
07-09-2023 36.331 40.368
06-09-2023 36.071 40.078
05-09-2023 36.029 40.03
04-09-2023 35.934 39.924
01-09-2023 35.764 39.731
31-08-2023 35.449 39.382
30-08-2023 35.442 39.372
29-08-2023 35.298 39.211
28-08-2023 35.201 39.102
25-08-2023 35.089 38.974
24-08-2023 35.332 39.244
23-08-2023 35.339 39.25
22-08-2023 35.125 39.012
21-08-2023 35.002 38.874
18-08-2023 34.888 38.745
17-08-2023 34.945 38.806
16-08-2023 34.997 38.863
14-08-2023 35.018 38.885
11-08-2023 35.233 39.121
10-08-2023 35.397 39.302
09-08-2023 35.577 39.5
08-08-2023 35.44 39.347
07-08-2023 35.322 39.215
04-08-2023 35.165 39.037
03-08-2023 34.808 38.64
02-08-2023 34.975 38.825
01-08-2023 35.422 39.319
31-07-2023 35.319 39.204
28-07-2023 35.129 38.99
27-07-2023 35.001 38.847
26-07-2023 35.028 38.876
25-07-2023 34.902 38.734
24-07-2023 34.798 38.618
21-07-2023 34.839 38.66
20-07-2023 35.082 38.929
19-07-2023 34.871 38.694
18-07-2023 34.732 38.539
17-07-2023 34.748 38.555
14-07-2023 34.51 38.288
13-07-2023 34.227 37.973
12-07-2023 34.175 37.914
11-07-2023 34.211 37.953
10-07-2023 34.081 37.808
07-07-2023 33.968 37.68
06-07-2023 34.244 37.985
05-07-2023 33.988 37.7
04-07-2023 33.995 37.706
03-07-2023 33.998 37.709
30-06-2023 33.873 37.567
28-06-2023 33.645 37.312
27-06-2023 33.489 37.137
26-06-2023 33.198 36.814
23-06-2023 33.073 36.672
22-06-2023 33.312 36.936
21-06-2023 33.406 37.04
20-06-2023 33.277 36.895
19-06-2023 33.154 36.758
16-06-2023 33.212 36.818
15-06-2023 32.941 36.518
14-06-2023 33.056 36.644
13-06-2023 33.057 36.643
12-06-2023 32.827 36.387
09-06-2023 32.674 36.214
08-06-2023 32.773 36.323
07-06-2023 32.936 36.503
06-06-2023 32.649 36.183
05-06-2023 32.63 36.161
02-06-2023 32.47 35.981
01-06-2023 32.379 35.879
31-05-2023 32.441 35.946
30-05-2023 32.466 35.973
29-05-2023 32.427 35.928
26-05-2023 32.264 35.745
25-05-2023 31.997 35.448
24-05-2023 31.92 35.361
23-05-2023 31.95 35.394
22-05-2023 31.871 35.305
19-05-2023 31.826 35.252
18-05-2023 31.798 35.22
17-05-2023 31.872 35.3
16-05-2023 32.038 35.483
15-05-2023 32.057 35.503
12-05-2023 31.898 35.323
11-05-2023 31.943 35.373
10-05-2023 31.888 35.311
09-05-2023 31.779 35.189
08-05-2023 31.816 35.229
05-05-2023 31.478 34.851
04-05-2023 31.732 35.131
03-05-2023 31.45 34.817
02-05-2023 31.512 34.885
28-04-2023 31.399 34.756
27-04-2023 31.128 34.455
26-04-2023 30.958 34.266
25-04-2023 30.851 34.146
24-04-2023 30.832 34.124

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.