Tuesday, February 7, 2023
HomeMutual FundMirae Asset Tax Saver Fund Efficiency Evaluation

Mirae Asset Tax Saver Fund Efficiency Evaluation


This version of the fund efficiency report appears to be like 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 have to be expressly understood that the information under replicate solely previous efficiency and is by no means a sign of future efficiency. Our funding suggestions are Handpicked Checklist of Mutual Funds (PlumbLine).

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

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

We learn how constantly the Mirae Asset Tax Saver Fund has carried out wrt Nifty 200 TRI. We are going to use three metrics to investigate 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 attainable 1Y, 2Y, 3Y,4Y, and 5Y interval. Increased 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 will probably be 675/876 ~ 77%.

MetricN200TRI
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 wonderful efficiency. The one catch is the fund is barely seven years previous. The regulation of averages is likley to strike quickly.

2 Upside efficiency consistency over each attainable 1Y,2Y,3Y,4Y, 5Y: Increased 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 knowledge (see hyperlink under).

MetricN200TRI
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 attainable 1Y, 2Y, 3Y,4Y, and 5Y. Increased, 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 knowledge. Learn extra: An introduction to Draw back and Upside Seize Ratios.

MetricN200TRI
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 without doubt 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 wonderful performer. Present buyers can proceed with the fund, and new buyers can actually contemplate it (in the event that they want ELSS funds per their asset allocation). Nevertheless, it have to 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 likely to underperform as a result of weight of their very own reputation. So each new and previous buyers shouldn’t count on the fund’s previous efficiency to repeat in future.

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