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#12
of 34 funds
Consistency of returns
Protection from volatility
Return Outperformance: This fund has generated highest return amongst ELSS funds in the last 5 Years.
Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
Exit Load: This fund has no exit load.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
VRO rating | 4 |
Expense ratio | 0.57% as on Apr 30, 2024 |
Exit load | 0% |
AUM (Fund size) | ₹22,472 Crs |
Lock-in | 3 Years |
Age | 8 yrs 5 m since Nov 20, 2015 |
Benchmark | NIFTY 500 TRI |
Min. investment | SIP ₹500 & Lump. ₹500 |
Risk | Very High |
Short term capital gains (STCG) | Returns taxed at 15% if you redeem before 1 year |
Long term capital gains (LTCG) | After 1 year, pay tax of 10% on returns of ₹1 lakh+ in a financial year |
Period | This fund | Category average |
---|---|---|
1 month | 0.98% | 1.7280645161290322% |
3 months | 4.83% | 4.9635483870967745% |
6 months | 17.6% | 19.180322580645164% |
1 year | 32.78% | 36.93451612903226% |
3 years | 18.49% | 20.496896551724138% |
5 years | 21.95% | 20.38785714285714% |
Large Cap 63.925464462194206%
Mid Cap 17.68354490670588%
Small Cap 16.713177231099905%
Other Cap 1.3972423090535812E-14%
Financial 29.479999999999997%
Energy 9.33%
Services 9.219999999999999%
Technology 8.14%
Bifurcation by Credit Quality is not available for this fund
Bifurcation by Holding is not available for this fund
Repo 1.10680851%
Net Receivables 0.57098806%
Mutual Fund 1.643E-5%
Others 0.57%
Fund name | ETM Rank | AUM (in Crs.) | Fund age | Expense ratio |
---|---|---|---|---|
PGIM India ELSS Tax Saver Fund | #1 | ₹683 Crs | 8 yrs 6 m | 0.78% |
HDFC ELSS Tax Saver Fund | #2 | ₹14,475 Crs | 11 yrs 4 m | 1.14% |
Mahindra Manulife ELSS Tax Saver Fund | #3 | ₹858 Crs | 7 yrs 8 m | 0.61% |
Bank of India ELSS Tax Saver Fund | #4 | ₹1,298 Crs | 11 yrs 4 m | 1.19% |
SBI Long Term Equity Fund | #5 | ₹23,412 Crs | 11 yrs 4 m | 0.96% |
Fund name | 1M | 6M | 1Y | 3Y | 5Y | 10Y |
---|---|---|---|---|---|---|
PGIM India ELSS Tax Saver Fund | 0.12% | 10.3% | 20.91% | 17.02% | 18.66% | 12.99% |
HDFC ELSS Tax Saver Fund | 2.13% | 22.55% | 42.72% | 26.71% | 19.69% | 15.24% |
Mahindra Manulife ELSS Tax Saver Fund | 1.24% | 16.27% | 31.56% | 20.7% | 20.24% | 11.37% |
Bank of India ELSS Tax Saver Fund | 2.27% | 27.92% | 52.67% | 25.42% | 28.05% | 20.01% |
SBI Long Term Equity Fund | 1.39% | 28.99% | 55.46% | 27.8% | 23.83% | 17.35% |
Fund name | Std. deviation | Beta | Sharpe | Sortino |
---|---|---|---|---|
PGIM India ELSS Tax Saver Fund | 11.72 | 0.83 | 1.13 | 2.0 |
HDFC ELSS Tax Saver Fund | 11.76 | 0.86 | 1.73 | 2.99 |
Mahindra Manulife ELSS Tax Saver Fund | 12.9 | 0.94 | 1.22 | 2.33 |
Bank of India ELSS Tax Saver Fund | 14.35 | 0.98 | 1.34 | 2.39 |
SBI Long Term Equity Fund | 13.4 | 0.95 | 1.63 | 2.75 |
Alpha | 0.74 vs. 8.004737 Underperformed at beating benchmark |
Sharpe | 1.13 vs. 8.869938 Poor risk-adjusted returns |
Beta | 0.91 vs. 1.3753715 Less sensitive to market ups & downs |
Standard deviation | 12.28 vs. 11.881683 More volatile performance |
Fund AUM | ₹22,472 Crs as on Mar 31, 2024 |
Scheme document | View Scheme Document |
The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.
No. of schemes | 32 view all schemes |
Total AUM | ₹1,64,468 Crs as on Mar 31, 2024 |
Address | Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai, 400098 |
Phone | 022-67800301 / 1800-2090-777 |
Fund name | ETM Rank | AUM (in Crs.) | 1Y | 5Y |
---|---|---|---|---|
Mirae Asset Midcap Fund | N.A. | ₹15,139 Crs | 48.18% | N.A. |
Mirae Asset Healthcare Fund | #4 | ₹2,236 Crs | 49.4% | 27.15% |
Mirae Asset Large & Midcap Fund | #7 | ₹34,974 Crs | 36.8% | 22.77% |
Mirae Asset Great Consumer Fund | #3 | ₹3,351 Crs | 34.36% | 22.22% |
Mirae Asset Focused Fund | N.A. | ₹8,313 Crs | 14.9% | 18.26% |
Identifying a top performing fund that consistently creates wealth can be a challenging task due to the dynamic nature of the market. Top funds often change frequently, sometimes even on a daily basis.
However, with ET Money's fund report card, it is now possible to find a fund that consistently ranks at the top and generates wealth over a long period of time. This valuable resource makes it easier to navigate the complex and constantly changing world of financial markets.
At ET Money, we have developed a smart ranking system for funds based on their consistency. We believe that consistently performing at the top of a category is more important than just occasionally ranking highly. To evaluate the consistency of a fund, we have identified two key parameters: "consistency of returns" and "protection from volatility." We assess these parameters by analyzing the strong performance and low volatility of a fund over a prolonged period of time. To arrive at a rating for these parameters, we carefully consider the track record of a fund in terms of both performance and volatility.
In our ranking methodology, we prioritize funds that consistently perform well over those that fluctuate in their performance. To ensure stability in our rankings, we analyzed data for a minimum of five years, rather than just a year or two. We also placed a greater emphasis on recent performance, as it tends to have a greater impact on momentum. This allows us to capture the full potential of recent momentum in our rankings.
The Mirae Asset ELSS Tax Saver Fund is a 8 yrs 5 m old fund and has delivered average annual returns of 20.31% since inception.
1-Year | 3-Year | 5-Year | Since Inception |
---|---|---|---|
32.78% | 18.49% | 21.95% | 20.31% |
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of Mirae Asset ELSS Tax Saver Fund for May 14, 2024 is 47.142.
Mirae Asset ELSS Tax Saver Fund has an ET Money Rank of #12 of 34 and a consistency rating of 4.0.
This indicates the fund has not generated great returns and even those are not very consistent. You might want to look at other funds in its category.
On ET Money, Investing in Mirae Asset ELSS Tax Saver Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of Mirae Asset ELSS Tax Saver Fund is 0.57%. .
Redeeming your investments in Mirae Asset ELSS Tax Saver Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in Mirae Asset ELSS Tax Saver Fund from anywhere else, you can go to the fund house website and put a request through it.
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of Mirae Asset ELSS Tax Saver Fund is ₹22,472 Crs.
The Mirae Asset ELSS Tax Saver Fund has invested the majority of its money in the stocks of the following companies -
Company | Percentage of Portfolio |
---|---|
HDFC Bank Ltd. | 8.25% |
ICICI Bank Ltd. | 4.8% |
Reliance Industries Ltd. | 4.71% |
Kotak Mahindra Bank Ltd. | 4.0% |
State Bank of India | 3.92% |
Axis Bank Ltd. | 3.65% |
Larsen & Toubro Ltd. | 3.48% |
Infosys Ltd. | 2.75% |
ITC Ltd. | 2.43% |
Delhivery Ltd. | 2.06% |
The Mirae Asset ELSS Tax Saver Fund has primarily invested in the following sectors
Sector | Percentage of Portfolio |
---|---|
Financial | 29.479999999999997% |
Energy | 9.33% |
Services | 9.219999999999999% |
Technology | 8.14% |
Healthcare | 7.749999999999999% |
Automobile | 5.6499999999999995% |
Construction | 5.12% |
Consumer Staples | 4.05% |
Materials | 4.03% |
Consumer Discretionary | 3.69% |
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