Previously Known As : Mirae Asset Tax Saver Fund
Mirae Asset Elss Tax Saver Fund Overview
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 24
BMSMONEY Rating
Gro. Opt. As On: 19-11-2024
NAV ₹45.64(R) +0.82% ₹51.31(D) +0.83%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 26.32% 12.67% 19.55% 15.72% -%
LumpSum (D) 27.56% 13.9% 21.04% 17.21% -%
SIP (R) -3.89% 17.77% 20.28% 18.89% -%
SIP (D) -2.89% 19.01% 21.69% 20.35% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.48 0.25 0.59 0.42% 0.07
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
13.17% -15.98% -12.72% 0.93 9.29%
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
Hsbc Tax Saver Equity Fund 4
JM ELSS Tax Saver Fund 5
DSP ELSS Tax Saver Fund 6
Quantum ELSS Tax Saver Fund 7

NAV Date: 19-11-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset ELSS Tax Saver Fund - Regular Plan - IDCW 26.04
0.2100
0.8200%
Mirae Asset ELSS Tax Saver Fund - Direct Plan - IDCW 30.46
0.2500
0.8200%
Mirae Asset ELSS Tax Saver Fund - Regular Plan - Growth 45.64
0.3700
0.8200%
Mirae Asset ELSS Tax Saver Fund - Direct Plan - Growth 51.31
0.4200
0.8300%

Review Date: 19-11-2024

Mirae Asset ELSS Tax Saver Fund has exhibited poor performance in the ELSS (Tax Saving) Fund category. The fund has rank of 24 out of 33 funds in the category. The fund has delivered return of 26.32% in 1 year, 12.67% in 3 years and 19.55% in 5 years. The category average for the same periods is 27.66%, 14.46% and 18.84% respectively, which shows poor return performance of fund in the category. The fund has exhibited standard deviation of 13.17, VaR of -15.98, Average Drawdown of -5.83, Semi Deviation of 9.29 and Max Drawdown of -12.72. The category average for the same parameters is 13.45, -16.4, -5.62, 9.47 and -13.17 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 ₹12756.0 in 1 year, ₹14776.0 in 3 years and ₹25976.0 in 5 years as of today (19-11-2024).
  2. An SIP of ₹1,000 per month in Mirae Asset ELSS Tax Saver Fund direct growth option would have grown to ₹11811.0 in 1 year, ₹47634.0 in 3 years and ₹102891.0 in 5 years as of today (19-11-2024).
  3. standard deviation of 13.17 and based on VaR one can expect to lose more than -15.98% of current value of fund in one year.
  4. Sharpe ratio of the fund is 0.48 which shows average performance of fund in the elss (tax saving) fund category.
  5. The fund has R-square of 0.95, Beta of 0.93 and Jensen's Alpha of 0.42% 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 % -4.79
-4.88
-8.18 | -2.86 18 | 40 Good
3M Return % -4.45
-3.46
-10.24 | 2.63 28 | 40 Average
6M Return % 6.12
5.95
-6.08 | 14.48 21 | 40 Average
1Y Return % 26.32
27.66
11.63 | 49.45 23 | 40 Average
3Y Return % 12.67
14.46
5.98 | 23.19 23 | 33 Average
5Y Return % 19.55
18.84
12.21 | 30.15 13 | 33 Good
7Y Return % 15.72
14.05
9.10 | 21.48 8 | 29 Very Good
1Y SIP Return % -3.89
-2.48
-13.94 | 17.22 24 | 40 Average
3Y SIP Return % 17.77
19.89
13.77 | 34.40 21 | 33 Average
5Y SIP Return % 20.28
21.03
14.00 | 29.34 17 | 33 Good
7Y SIP Return % 18.89
18.49
12.11 | 26.54 12 | 29 Good
Standard Deviation 13.17
13.45
10.30 | 16.37 14 | 33 Good
Semi Deviation 9.29
9.47
7.45 | 11.71 12 | 33 Good
Max Drawdown % -12.72
-13.17
-23.33 | -6.86 17 | 33 Good
VaR 1 Y % -15.98
-16.40
-22.63 | -13.07 13 | 33 Good
Average Drawdown % -5.83
-5.62
-8.50 | -2.91 18 | 33 Good
Sharpe Ratio 0.48
0.61
0.02 | 1.15 25 | 33 Average
Sterling Ratio 0.59
0.69
0.22 | 1.27 23 | 33 Average
Sortino Ratio 0.25
0.32
0.04 | 0.64 24 | 33 Average
Jensen Alpha % 0.42
3.28
-7.21 | 15.06 25 | 33 Average
Treynor Ratio 0.07
0.27
0.00 | 2.98 26 | 33 Average
Modigliani Square Measure % 14.17
17.82
6.35 | 41.13 25 | 33 Average
Alpha % -0.58
-1.22
-29.01 | 9.12 19 | 33 Average
Return data last Updated On : Nov. 19, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % -4.72 -4.81 -8.10 | -2.73 18 | 41
3M Return % -4.22 -3.23 -10.00 | 2.85 28 | 41
6M Return % 6.64 6.49 -5.60 | 15.16 20 | 41
1Y Return % 27.56 29.05 13.20 | 51.25 25 | 41
3Y Return % 13.90 15.75 6.82 | 24.69 23 | 33
5Y Return % 21.04 20.20 13.16 | 32.24 13 | 33
7Y Return % 17.21 15.27 10.06 | 23.16 6 | 29
1Y SIP Return % -2.89 -1.39 -12.99 | 18.72 24 | 41
3Y SIP Return % 19.01 21.24 14.44 | 36.02 21 | 33
5Y SIP Return % 21.69 22.43 14.92 | 30.91 18 | 33
7Y SIP Return % 20.35 19.72 13.04 | 28.43 12 | 29
Standard Deviation 13.17 13.45 10.30 | 16.37 14 | 33
Semi Deviation 9.29 9.47 7.45 | 11.71 12 | 33
Max Drawdown % -12.72 -13.17 -23.33 | -6.86 17 | 33
VaR 1 Y % -15.98 -16.40 -22.63 | -13.07 13 | 33
Average Drawdown % -5.83 -5.62 -8.50 | -2.91 18 | 33
Sharpe Ratio 0.48 0.61 0.02 | 1.15 25 | 33
Sterling Ratio 0.59 0.69 0.22 | 1.27 23 | 33
Sortino Ratio 0.25 0.32 0.04 | 0.64 24 | 33
Jensen Alpha % 0.42 3.28 -7.21 | 15.06 25 | 33
Treynor Ratio 0.07 0.27 0.00 | 2.98 26 | 33
Modigliani Square Measure % 14.17 17.82 6.35 | 41.13 25 | 33
Alpha % -0.58 -1.22 -29.01 | 9.12 19 | 33
Return data last Updated On : Nov. 19, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.82 ₹ 10,082.00 0.83 ₹ 10,083.00
1W -1.40 ₹ 9,860.00 -1.38 ₹ 9,862.00
1M -4.79 ₹ 9,521.00 -4.72 ₹ 9,528.00
3M -4.45 ₹ 9,555.00 -4.22 ₹ 9,578.00
6M 6.12 ₹ 10,612.00 6.64 ₹ 10,664.00
1Y 26.32 ₹ 12,632.00 27.56 ₹ 12,756.00
3Y 12.67 ₹ 14,305.00 13.90 ₹ 14,776.00
5Y 19.55 ₹ 24,425.00 21.04 ₹ 25,976.00
7Y 15.72 ₹ 27,794.00 17.21 ₹ 30,400.00
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 -3.89 ₹ 11,744.60 -2.89 ₹ 11,810.60
3Y ₹ 36000 17.77 ₹ 46,811.34 19.01 ₹ 47,633.58
5Y ₹ 60000 20.28 ₹ 99,437.04 21.69 ₹ 102,890.70
7Y ₹ 84000 18.89 ₹ 164,816.32 20.35 ₹ 173,576.17
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Mirae Asset Elss Tax Saver Fund NAV Regular Growth Mirae Asset Elss Tax Saver Fund NAV Direct Growth
19-11-2024 45.638 51.306
18-11-2024 45.265 50.886
14-11-2024 45.46 51.1
13-11-2024 45.387 51.016
12-11-2024 46.286 52.025
11-11-2024 47.019 52.848
08-11-2024 47.094 52.928
07-11-2024 47.349 53.213
06-11-2024 47.596 53.49
05-11-2024 46.909 52.715
04-11-2024 46.402 52.145
31-10-2024 46.724 52.501
30-10-2024 46.873 52.667
29-10-2024 46.965 52.77
28-10-2024 46.761 52.539
25-10-2024 46.454 52.189
24-10-2024 47.002 52.804
23-10-2024 47.022 52.825
22-10-2024 46.972 52.767
21-10-2024 47.933 53.846

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.