Previously Known As : Mirae Asset Tax Saver Fund
Mirae Asset Elss Tax Saver Fund Overview
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 21
Rating
Growth Option 21-02-2025
NAV ₹43.01(R) -0.57% ₹48.48(D) -0.57%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 5.34% 12.34% 17.41% 15.02% -%
Direct 6.37% 13.53% 18.83% 16.49% -%
Nifty 500 TRI 3.79% 13.47% 16.97% 13.57% 12.47%
SIP (XIRR) Regular -7.74% 12.97% 16.64% 16.55% -%
Direct -6.81% 14.14% 18.0% 17.98% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.39 0.2 0.58 -0.58% 0.06
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
13.37% -16.95% -11.21% 0.94 9.43%
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
Hdfc Taxsaver 1
Sbi Long Term Equity Fund 2
Parag Parikh ELSS Tax Saver Fund 3
Quantum ELSS Tax Saver Fund 4
Motilal Oswal ELSS Tax Saver Fund 5
DSP ELSS Tax Saver Fund 6
Hsbc Tax Saver Equity Fund 7

NAV Date: 21-02-2025

Scheme Name NAV Rupee Change Percent Change
Mirae Asset ELSS Tax Saver Fund - Regular Plan - IDCW 24.54
-0.1400
-0.5700%
Mirae Asset ELSS Tax Saver Fund - Direct Plan - IDCW 28.78
-0.1600
-0.5700%
Mirae Asset ELSS Tax Saver Fund - Regular Plan - Growth 43.01
-0.2500
-0.5700%
Mirae Asset ELSS Tax Saver Fund - Direct Plan - Growth 48.48
-0.2800
-0.5700%

Review Date: 21-02-2025

Mirae Asset ELSS Tax Saver Fund has shown poor performance in the ELSS (Tax Saving) Fund category. The fund has rank of 21 out of 34 funds in the category. The fund has delivered return of 5.34% in 1 year, 12.34% in 3 years and 17.41% in 5 years. The category average for the same periods is 4.64%, 13.72% and 16.28% respectively, which shows poor return performance of fund in the category. The fund has exhibited standard deviation of 13.37, VaR of -16.95, Average Drawdown of -6.38, Semi Deviation of 9.43 and Max Drawdown of -11.21. The category average for the same parameters is 13.79, -17.81, -6.26, 9.74 and -12.57 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 ₹10637.0 in 1 year, ₹14632.0 in 3 years and ₹23693.0 in 5 years as of today (21-02-2025).
  2. An SIP of ₹1,000 per month in Mirae Asset ELSS Tax Saver Fund direct growth option would have grown to ₹11551.0 in 1 year, ₹44462.0 in 3 years and ₹94088.0 in 5 years as of today (21-02-2025).
  3. standard deviation of 13.37 and based on VaR one can expect to lose more than -16.95% of current value of fund in one year.
  4. Sharpe ratio of the fund is 0.39 which shows average performance of fund in the elss (tax saving) fund category.
  5. The fund has R-square of 0.96, Beta of 0.94 and Jensen's Alpha of -0.58% which exhibit average performance in the elss (tax saving) fund category .


Not able to see in mobile!!! save the chart by clicking on camera icon.

KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % -3.70 -3.35
-4.09
-12.09 | -0.28 19 | 40 Good
3M Return % -5.14 -5.00
-6.47
-16.77 | -1.50 16 | 40 Good
6M Return % -10.86 -11.16
-11.03
-23.49 | -3.08 22 | 40 Average
1Y Return % 5.34 3.79
4.64
-13.86 | 12.03 22 | 40 Average
3Y Return % 12.34 13.47
13.72
8.57 | 22.86 23 | 34 Average
5Y Return % 17.41 16.97
16.28
9.90 | 27.12 12 | 33 Good
7Y Return % 15.02 13.57
12.89
8.15 | 19.77 6 | 30 Very Good
1Y SIP Return % -7.74
-9.18
-31.05 | 3.15 20 | 40 Good
3Y SIP Return % 12.97
13.91
6.55 | 23.57 17 | 34 Good
5Y SIP Return % 16.64
16.98
10.25 | 24.48 16 | 33 Good
7Y SIP Return % 16.55
15.85
10.08 | 22.36 10 | 30 Good
Standard Deviation 13.37
13.79
10.24 | 17.52 15 | 34 Good
Semi Deviation 9.43
9.74
7.37 | 13.23 14 | 34 Good
Max Drawdown % -11.21
-12.57
-17.92 | -7.74 11 | 34 Good
VaR 1 Y % -16.95
-17.81
-22.63 | -14.28 14 | 34 Good
Average Drawdown % -6.38
-6.26
-9.03 | -3.19 17 | 34 Good
Sharpe Ratio 0.39
0.47
0.09 | 1.01 23 | 34 Average
Sterling Ratio 0.58
0.62
0.30 | 1.10 19 | 34 Average
Sortino Ratio 0.20
0.25
0.07 | 0.54 22 | 34 Average
Jensen Alpha % -0.58
0.83
-5.55 | 8.57 22 | 34 Average
Treynor Ratio 0.06
0.07
0.01 | 0.15 23 | 34 Average
Modigliani Square Measure % 12.92
14.02
7.54 | 22.64 22 | 34 Average
Alpha % -1.39
-0.06
-5.43 | 8.48 23 | 34 Average
Return data last Updated On : Feb. 21, 2025.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Jan. 31, 2025
KPIs: Key Performance Indicators

Rotate the phone! Best viewed in landscape mode on mobile.
KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % -3.62 -3.35 -4.00 -12.02 | -0.18 19 | 41
3M Return % -4.91 -5.00 -6.19 -16.52 | -1.23 16 | 41
6M Return % -10.43 -11.16 -10.56 -22.98 | -2.54 22 | 41
1Y Return % 6.37 3.79 5.77 -12.66 | 13.23 21 | 41
3Y Return % 13.53 13.47 14.97 9.42 | 23.69 22 | 34
5Y Return % 18.83 16.97 17.61 10.81 | 29.13 11 | 33
7Y Return % 16.49 13.57 14.11 9.12 | 21.46 4 | 30
1Y SIP Return % -6.81 -8.16 -30.05 | 4.31 21 | 41
3Y SIP Return % 14.14 15.19 8.44 | 24.43 18 | 34
5Y SIP Return % 18.00 18.35 11.88 | 25.32 17 | 33
7Y SIP Return % 17.98 17.11 10.99 | 24.24 10 | 30
Standard Deviation 13.37 13.79 10.24 | 17.52 15 | 34
Semi Deviation 9.43 9.74 7.37 | 13.23 14 | 34
Max Drawdown % -11.21 -12.57 -17.92 | -7.74 11 | 34
VaR 1 Y % -16.95 -17.81 -22.63 | -14.28 14 | 34
Average Drawdown % -6.38 -6.26 -9.03 | -3.19 17 | 34
Sharpe Ratio 0.39 0.47 0.09 | 1.01 23 | 34
Sterling Ratio 0.58 0.62 0.30 | 1.10 19 | 34
Sortino Ratio 0.20 0.25 0.07 | 0.54 22 | 34
Jensen Alpha % -0.58 0.83 -5.55 | 8.57 22 | 34
Treynor Ratio 0.06 0.07 0.01 | 0.15 23 | 34
Modigliani Square Measure % 12.92 14.02 7.54 | 22.64 22 | 34
Alpha % -1.39 -0.06 -5.43 | 8.48 23 | 34
Return data last Updated On : Feb. 21, 2025.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Jan. 31, 2025
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D -0.57 ₹ 9,943.00 -0.57 ₹ 9,943.00
1W 0.45 ₹ 10,045.00 0.46 ₹ 10,046.00
1M -3.70 ₹ 9,630.00 -3.62 ₹ 9,638.00
3M -5.14 ₹ 9,486.00 -4.91 ₹ 9,509.00
6M -10.86 ₹ 8,914.00 -10.43 ₹ 8,957.00
1Y 5.34 ₹ 10,534.00 6.37 ₹ 10,637.00
3Y 12.34 ₹ 14,179.00 13.53 ₹ 14,632.00
5Y 17.41 ₹ 22,311.00 18.83 ₹ 23,693.00
7Y 15.02 ₹ 26,626.00 16.49 ₹ 29,109.00
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 -7.74 ₹ 11,488.49 -6.81 ₹ 11,550.60
3Y ₹ 36000 12.97 ₹ 43,710.80 14.14 ₹ 44,461.80
5Y ₹ 60000 16.64 ₹ 91,007.34 18.00 ₹ 94,087.56
7Y ₹ 84000 16.55 ₹ 151,666.96 17.98 ₹ 159,611.42
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Mirae Asset Elss Tax Saver Fund NAV Regular Growth Mirae Asset Elss Tax Saver Fund NAV Direct Growth
21-02-2025 43.014 48.476
20-02-2025 43.26 48.753
19-02-2025 43.154 48.632
18-02-2025 42.845 48.282
17-02-2025 42.89 48.332
14-02-2025 42.823 48.252
13-02-2025 43.414 48.916
12-02-2025 43.325 48.816
11-02-2025 43.478 48.986
10-02-2025 44.348 49.965
07-02-2025 45.006 50.703
06-02-2025 45.069 50.772
05-02-2025 45.29 51.02
04-02-2025 45.14 50.849
03-02-2025 44.471 50.094
31-01-2025 44.593 50.228
30-01-2025 44.133 49.709
29-01-2025 44.151 49.727
28-01-2025 43.501 48.994
27-01-2025 43.433 48.916
24-01-2025 44.227 49.806
23-01-2025 44.831 50.485
22-01-2025 44.504 50.115
21-01-2025 44.665 50.296

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.