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HomeMutual FundMirae Asset Tax Saver Fund Efficiency Assessment

Mirae Asset Tax Saver Fund Efficiency Assessment


This version of the fund efficiency report seems on the Mirae Asset Tax Saver Fund. Launched in Dec 2015, the fund has an AUM of greater than 13,000 Crores.

Disclaimer: Fund efficiency stories current return and threat evaluation of a fund with consultant benchmarks and never funding suggestions. It should be expressly understood that the info beneath mirror solely previous efficiency and is on no account a sign of future efficiency. Our funding suggestions are Handpicked Listing of Mutual Funds (PlumbLine).

The market cap allocation historical past of the fund is proven beneath. Like with most ELSS funds, it’s massive cap -heavy with a wholesome and regular allocation to mid cap shares.

Market Cap Allocation Historical past of Mirae Asset Tax saver Fund (%)

We learn how persistently the Mirae Asset Tax Saver Fund has carried out wrt Nifty 200 TRI. We’ll use three metrics to research efficiency consistency versus benchmarks. Evaluation similar to this may be discovered for 350+ fairness funds in our month-to-month fairness mutual fund screener.

1 Rolling return outperformance consistency: the fund returns are in contrast with class benchmark returns over each doable 1Y, 2Y, 3Y,4Y, and 5Y interval. Larger the outperformance consistency, the higher. Suppose 876 fund returns had been in contrast with 876 benchmark returns, and the fund has crushed the benchmark 675 instances. The consistency rating shall be 675/876 ~ 77%.

Metric N200TRI
No of rolling return entries  (1 yr) 1407
No of instances fund has outperformed the index (1 yr) 1201
rolling return outperformance Consistency Rating (1 yr) 85%
No of rolling return entries  (2 years) 1162
No of instances the fund has outperformed the index (2 years) 1161
rolling return outperformance Consistency Rating (2 years) 100%
No of rolling return entries  (3 years) 926
No of instances the fund has outperformed the index (3 years) 926
rolling return outperformance Consistency Rating (3 years) 100%
No of rolling return entries (4 years) 684
No of instances the fund has outperformed the index (4 years) 684
rolling return outperformance Consistency Rating (4 years) 100%
No of rolling return entries (5 years) 437
No of instances the fund has outperformed the index (5 years) 437
rolling return outperformance Consistency Rating (5 years) 100%

That is a superb efficiency. The one catch is the fund is barely seven years previous. The legislation of averages is likley to strike quickly.

2 Upside efficiency consistency over each doable 1Y,2Y,3Y,4Y, 5Y: Larger the higher. A rating of 70% means, 7 out of 10 instances, the Fund carried out higher than the class benchmark when the benchmark was shifting upIt is a measure of reward. It’s computed from rolling upside seize information (see hyperlink beneath).

Metric N200TRI
upside efficiency consistency (1 yr) 80%
upside efficiency consistency (2 years) 91%
upside efficiency consistency (3 years) 100%
upside efficiency consistency (4 years) 100%
upside efficiency consistency (5 years) 100%

3 Draw back efficiency consistency over each doable 1Y, 2Y, 3Y,4Y, and 5Y. Larger, the higher. A rating of 60% means 6 out of 10 instances, the Fund carried out higher than the class benchmark when the benchmark was shifting downIt is a measure of threat safety. It’s computed from rolling draw back seize information. Learn extra: An introduction to Draw back and Upside Seize Ratios.

Metric N200TRI
draw back safety consistency (1 yr) 86%
draw back safety consistency (2 years) 97%
draw back safety consistency (3 years) 100%
draw back safety consistency (4 years) 100%
draw back safety consistency (5 years) 100%

Mirae Asset Tax Saver Fund is likely one of the uncommon funds to do properly throughout each market up and downturns. Most funds solely do properly throughout market downturns. See: Unusual, however true! How mutual funds beat the index!

Mirae Asset Tax Saver Fund is a superb performer. Current traders can proceed with the fund, and new traders can definitely contemplate it (in the event that they want ELSS funds per their asset allocation). Nevertheless, it should be understood that the fund’s AUM is swelling up (the AUM was solely 1100+ Crores in Nov 2018), and the historical past of constant efficiency is brief. Most funds are inclined to underperform as a result of weight of their very own reputation. So each new and previous traders mustn’t count on the fund’s previous efficiency to repeat in future.

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