Previously Known As : Mirae Asset Tax Saver Fund
Mirae Asset Elss Tax Saver Fund Overview
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 21
BMSMONEY Rating
Gro. Opt. As On: 20-12-2024
NAV ₹46.8(R) -1.66% ₹52.65(D) -1.65%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 21.72% 16.12% 19.73% 15.75% -%
LumpSum (D) 22.91% 17.36% 21.2% 17.24% -%
SIP (R) -35.11% 15.43% 19.71% 18.86% -%
SIP (D) -34.4% 16.69% 21.12% 20.32% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.63 0.32 0.74 1.03% 0.09
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
12.73% -15.98% -10.81% 0.92 8.97%
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
DSP ELSS Tax Saver Fund 5
Quantum ELSS Tax Saver Fund 6
JM ELSS Tax Saver Fund 7

NAV Date: 20-12-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset ELSS Tax Saver Fund - Regular Plan - IDCW 26.7
-0.4500
-1.6600%
Mirae Asset ELSS Tax Saver Fund - Direct Plan - IDCW 31.26
-0.5300
-1.6500%
Mirae Asset ELSS Tax Saver Fund - Regular Plan - Growth 46.8
-0.7900
-1.6600%
Mirae Asset ELSS Tax Saver Fund - Direct Plan - Growth 52.65
-0.8900
-1.6500%

Review Date: 20-12-2024

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 33 funds in the category. The fund has delivered return of 21.72% in 1 year, 16.12% in 3 years and 19.73% in 5 years. The category average for the same periods is 23.27%, 17.87% and 19.02% respectively, which shows poor return performance of fund in the category. The fund has exhibited standard deviation of 12.73, VaR of -15.98, Average Drawdown of -5.45, Semi Deviation of 8.97 and Max Drawdown of -10.81. The category average for the same parameters is 13.04, -15.83, -5.26, 9.14 and -11.69 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 ₹12291.0 in 1 year, ₹16166.0 in 3 years and ₹26152.0 in 5 years as of today (20-12-2024).
  2. An SIP of ₹1,000 per month in Mirae Asset ELSS Tax Saver Fund direct growth option would have grown to ₹9622.0 in 1 year, ₹46090.0 in 3 years and ₹101476.0 in 5 years as of today (20-12-2024).
  3. standard deviation of 12.73 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 0.63 which shows average performance of fund in the elss (tax saving) fund category.
  5. The fund has R-square of 0.94, Beta of 0.92 and Jensen's Alpha of 1.03% 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 % 3.21
2.71
-0.34 | 7.00 13 | 40 Good
3M Return % -5.64
-5.99
-14.44 | 0.72 16 | 40 Good
6M Return % 2.78
2.52
-12.14 | 14.98 17 | 40 Good
1Y Return % 21.72
23.27
11.16 | 51.18 22 | 40 Average
3Y Return % 16.12
17.87
9.53 | 29.09 23 | 33 Average
5Y Return % 19.73
19.02
11.89 | 30.16 15 | 33 Good
7Y Return % 15.75
13.86
8.59 | 20.73 8 | 29 Very Good
1Y SIP Return % -35.11
-33.97
-40.29 | -15.35 21 | 37 Average
3Y SIP Return % 15.43
17.26
10.68 | 35.25 20 | 32 Average
5Y SIP Return % 19.71
20.14
12.89 | 30.76 18 | 32 Average
7Y SIP Return % 18.86
18.09
11.66 | 25.00 11 | 28 Good
Standard Deviation 12.73
13.04
10.02 | 16.62 13 | 33 Good
Semi Deviation 8.97
9.14
7.26 | 11.80 15 | 33 Good
Max Drawdown % -10.81
-11.69
-21.18 | -6.28 14 | 33 Good
VaR 1 Y % -15.98
-15.83
-22.63 | -11.90 21 | 33 Average
Average Drawdown % -5.45
-5.26
-7.50 | -3.00 19 | 33 Average
Sharpe Ratio 0.63
0.74
0.08 | 1.30 22 | 33 Average
Sterling Ratio 0.74
0.81
0.26 | 1.37 20 | 33 Average
Sortino Ratio 0.32
0.39
0.07 | 0.73 22 | 33 Average
Jensen Alpha % 1.03
3.67
-8.11 | 17.38 23 | 33 Average
Treynor Ratio 0.09
0.46
0.01 | 5.74 24 | 33 Average
Modigliani Square Measure % 16.21
19.74
7.07 | 47.49 23 | 33 Average
Alpha % -0.17
-1.14
-28.62 | 9.74 19 | 33 Average
Return data last Updated On : Dec. 20, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 3.29 2.81 -0.25 | 7.10 13 | 41
3M Return % -5.41 -5.77 -14.21 | 0.94 16 | 41
6M Return % 3.28 3.03 -11.68 | 15.66 19 | 41
1Y Return % 22.91 24.61 12.47 | 53.00 22 | 41
3Y Return % 17.36 19.20 10.39 | 30.66 22 | 33
5Y Return % 21.20 20.39 12.83 | 32.24 14 | 33
7Y Return % 17.24 15.07 9.58 | 22.41 6 | 29
1Y SIP Return % -34.40 -33.38 -39.54 | -14.23 22 | 39
3Y SIP Return % 16.69 18.65 11.78 | 36.94 20 | 32
5Y SIP Return % 21.12 21.54 13.82 | 32.36 18 | 32
7Y SIP Return % 20.32 19.32 12.60 | 26.48 11 | 28
Standard Deviation 12.73 13.04 10.02 | 16.62 13 | 33
Semi Deviation 8.97 9.14 7.26 | 11.80 15 | 33
Max Drawdown % -10.81 -11.69 -21.18 | -6.28 14 | 33
VaR 1 Y % -15.98 -15.83 -22.63 | -11.90 21 | 33
Average Drawdown % -5.45 -5.26 -7.50 | -3.00 19 | 33
Sharpe Ratio 0.63 0.74 0.08 | 1.30 22 | 33
Sterling Ratio 0.74 0.81 0.26 | 1.37 20 | 33
Sortino Ratio 0.32 0.39 0.07 | 0.73 22 | 33
Jensen Alpha % 1.03 3.67 -8.11 | 17.38 23 | 33
Treynor Ratio 0.09 0.46 0.01 | 5.74 24 | 33
Modigliani Square Measure % 16.21 19.74 7.07 | 47.49 23 | 33
Alpha % -0.17 -1.14 -28.62 | 9.74 19 | 33
Return data last Updated On : Dec. 20, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D -1.66 ₹ 9,834.00 -1.65 ₹ 9,835.00
1W -4.04 ₹ 9,596.00 -4.02 ₹ 9,598.00
1M 3.21 ₹ 10,321.00 3.29 ₹ 10,329.00
3M -5.64 ₹ 9,436.00 -5.41 ₹ 9,459.00
6M 2.78 ₹ 10,278.00 3.28 ₹ 10,328.00
1Y 21.72 ₹ 12,172.00 22.91 ₹ 12,291.00
3Y 16.12 ₹ 15,656.00 17.36 ₹ 16,166.00
5Y 19.73 ₹ 24,605.00 21.20 ₹ 26,152.00
7Y 15.75 ₹ 27,840.00 17.24 ₹ 30,446.00
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 -35.11 ₹ 9,568.90 -34.40 ₹ 9,621.80
3Y ₹ 36000 15.43 ₹ 45,270.47 16.69 ₹ 46,089.94
5Y ₹ 60000 19.71 ₹ 98,035.92 21.12 ₹ 101,475.60
7Y ₹ 84000 18.86 ₹ 164,582.63 20.32 ₹ 173,401.96
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Mirae Asset Elss Tax Saver Fund NAV Regular Growth Mirae Asset Elss Tax Saver Fund NAV Direct Growth
20-12-2024 46.799 52.654
19-12-2024 47.588 53.54
18-12-2024 47.947 53.942
17-12-2024 48.331 54.373
16-12-2024 48.821 54.923
13-12-2024 48.767 54.859
12-12-2024 48.638 54.712
11-12-2024 48.921 55.029
10-12-2024 48.894 54.997
09-12-2024 48.74 54.822
06-12-2024 48.78 54.863
05-12-2024 48.57 54.625
04-12-2024 48.238 54.251
03-12-2024 48.053 54.041
02-12-2024 47.598 53.527
29-11-2024 47.326 53.218
28-11-2024 47.065 52.923
27-11-2024 47.277 53.159
26-11-2024 47.0 52.847
25-11-2024 46.936 52.774
22-11-2024 46.151 51.887
21-11-2024 45.344 50.978

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.