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: 17-01-2025
NAV ₹45.18(R) -0.28% ₹50.87(D) -0.28%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 13.75% 11.27% 18.19% 14.59% -%
LumpSum (D) 14.86% 12.46% 19.63% 16.06% -%
SIP (R) 2.97% 16.85% 18.89% 18.07% -%
SIP (D) 4.0% 18.05% 20.26% 19.51% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.49 0.26 0.61 0.71% 0.07
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
12.93% -15.98% -12.21% 0.92 9.01%
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
Taurus ELSS tax saver fund 5
Quantum ELSS Tax Saver Fund 6
Parag Parikh ELSS Tax Saver Fund 7

NAV Date: 17-01-2025

Scheme Name NAV Rupee Change Percent Change
Mirae Asset ELSS Tax Saver Fund - Regular Plan - IDCW 25.78
-0.0700
-0.2800%
Mirae Asset ELSS Tax Saver Fund - Direct Plan - IDCW 30.2
-0.0900
-0.2800%
Mirae Asset ELSS Tax Saver Fund - Regular Plan - Growth 45.18
-0.1300
-0.2800%
Mirae Asset ELSS Tax Saver Fund - Direct Plan - Growth 50.87
-0.1400
-0.2800%

Review Date: 17-01-2025

Mirae Asset ELSS Tax Saver Fund has exhibited 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 13.75% in 1 year, 11.27% in 3 years and 18.19% in 5 years. The category average for the same periods is 14.66%, 12.69% and 17.56% respectively, which shows poor return performance of fund in the category. The fund has exhibited standard deviation of 12.93, VaR of -15.98, Average Drawdown of -5.76, Semi Deviation of 9.01 and Max Drawdown of -12.21. The category average for the same parameters is 13.18, -15.91, -5.63, 9.14 and -12.47 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 ₹11486.0 in 1 year, ₹14223.0 in 3 years and ₹24501.0 in 5 years as of today (17-01-2025).
  2. An SIP of ₹1,000 per month in Mirae Asset ELSS Tax Saver Fund direct growth option would have grown to ₹12259.0 in 1 year, ₹46998.0 in 3 years and ₹99393.0 in 5 years as of today (17-01-2025).
  3. standard deviation of 12.93 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 0.49 which shows average performance of fund in the elss (tax saving) fund category.
  5. The fund has R-square of 0.95, Beta of 0.92 and Jensen's Alpha of 0.71% 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 % -6.52
-6.64
-11.37 | -4.27 22 | 40 Average
3M Return % -5.79
-6.90
-11.99 | -2.71 12 | 40 Good
6M Return % -4.94
-4.95
-14.75 | 4.93 22 | 40 Average
1Y Return % 13.75
14.66
0.15 | 32.77 23 | 40 Average
3Y Return % 11.27
12.69
5.53 | 21.57 21 | 34 Average
5Y Return % 18.19
17.56
10.85 | 29.40 12 | 33 Good
7Y Return % 14.59
12.76
7.88 | 20.01 8 | 30 Very Good
1Y SIP Return % 2.97
2.62
-12.35 | 17.42 20 | 40 Good
3Y SIP Return % 16.85
18.13
12.69 | 32.25 19 | 34 Average
5Y SIP Return % 18.89
19.39
12.61 | 27.82 18 | 33 Good
7Y SIP Return % 18.07
17.46
11.21 | 24.79 11 | 30 Good
Standard Deviation 12.93
13.18
10.05 | 16.99 14 | 33 Good
Semi Deviation 9.01
9.14
7.17 | 11.99 18 | 33 Good
Max Drawdown % -12.21
-12.47
-22.25 | -6.80 17 | 33 Good
VaR 1 Y % -15.98
-15.91
-23.69 | -11.90 20 | 33 Average
Average Drawdown % -5.76
-5.63
-8.24 | -3.12 18 | 33 Good
Sharpe Ratio 0.49
0.62
0.04 | 1.31 23 | 33 Average
Sterling Ratio 0.61
0.71
0.23 | 1.24 24 | 33 Average
Sortino Ratio 0.26
0.34
0.05 | 0.73 23 | 33 Average
Jensen Alpha % 0.71
2.70
-7.10 | 12.72 25 | 33 Average
Treynor Ratio 0.07
0.09
0.01 | 0.20 23 | 33 Average
Modigliani Square Measure % 14.35
16.14
6.52 | 25.68 21 | 33 Average
Alpha % 0.29
1.81
-8.52 | 11.50 20 | 33 Average
Return data last Updated On : Jan. 17, 2025.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % -6.44 -6.54 -11.24 | -4.17 23 | 41
3M Return % -5.56 -6.65 -11.74 | -2.32 11 | 41
6M Return % -4.48 -4.45 -14.29 | 5.56 21 | 41
1Y Return % 14.86 15.88 1.53 | 34.36 22 | 41
3Y Return % 12.46 13.94 6.36 | 23.05 22 | 34
5Y Return % 19.63 18.91 11.77 | 31.46 12 | 33
7Y Return % 16.06 13.99 8.67 | 21.69 7 | 30
1Y SIP Return % 4.00 3.75 -11.39 | 18.88 20 | 41
3Y SIP Return % 18.05 19.44 13.89 | 33.85 19 | 34
5Y SIP Return % 20.26 20.77 13.51 | 29.38 19 | 33
7Y SIP Return % 19.51 18.72 12.13 | 26.67 12 | 30
Standard Deviation 12.93 13.18 10.05 | 16.99 14 | 33
Semi Deviation 9.01 9.14 7.17 | 11.99 18 | 33
Max Drawdown % -12.21 -12.47 -22.25 | -6.80 17 | 33
VaR 1 Y % -15.98 -15.91 -23.69 | -11.90 20 | 33
Average Drawdown % -5.76 -5.63 -8.24 | -3.12 18 | 33
Sharpe Ratio 0.49 0.62 0.04 | 1.31 23 | 33
Sterling Ratio 0.61 0.71 0.23 | 1.24 24 | 33
Sortino Ratio 0.26 0.34 0.05 | 0.73 23 | 33
Jensen Alpha % 0.71 2.70 -7.10 | 12.72 25 | 33
Treynor Ratio 0.07 0.09 0.01 | 0.20 23 | 33
Modigliani Square Measure % 14.35 16.14 6.52 | 25.68 21 | 33
Alpha % 0.29 1.81 -8.52 | 11.50 20 | 33
Return data last Updated On : Jan. 17, 2025.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D -0.28 ₹ 9,972.00 -0.28 ₹ 9,972.00
1W -0.13 ₹ 9,987.00 -0.11 ₹ 9,989.00
1M -6.52 ₹ 9,348.00 -6.44 ₹ 9,356.00
3M -5.79 ₹ 9,421.00 -5.56 ₹ 9,444.00
6M -4.94 ₹ 9,506.00 -4.48 ₹ 9,552.00
1Y 13.75 ₹ 11,375.00 14.86 ₹ 11,486.00
3Y 11.27 ₹ 13,778.00 12.46 ₹ 14,223.00
5Y 18.19 ₹ 23,064.00 19.63 ₹ 24,501.00
7Y 14.59 ₹ 25,944.00 16.06 ₹ 28,366.00
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 2.97 ₹ 12,192.52 4.00 ₹ 12,258.94
3Y ₹ 36000 16.85 ₹ 46,203.08 18.05 ₹ 46,997.71
5Y ₹ 60000 18.89 ₹ 96,128.10 20.26 ₹ 99,392.88
7Y ₹ 84000 18.07 ₹ 160,083.84 19.51 ₹ 168,496.61
10Y ₹ 120000
15Y ₹ 180000


Date Mirae Asset Elss Tax Saver Fund NAV Regular Growth Mirae Asset Elss Tax Saver Fund NAV Direct Growth
17-01-2025 45.182 50.872
16-01-2025 45.31 51.015
15-01-2025 44.887 50.537
14-01-2025 44.727 50.355
13-01-2025 44.157 49.713
10-01-2025 45.239 50.927
09-01-2025 45.797 51.554
08-01-2025 46.131 51.928
07-01-2025 46.352 52.176
06-01-2025 46.167 51.966
03-01-2025 47.123 53.038
02-01-2025 47.364 53.308
01-01-2025 46.809 52.682
31-12-2024 46.654 52.506
30-12-2024 46.607 52.452
27-12-2024 47.014 52.906
26-12-2024 46.954 52.836
24-12-2024 46.926 52.803
23-12-2024 46.911 52.784
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

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.