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 should be expressly understood that the information under 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 under. Like with most ELSS funds, it’s massive cap -heavy with a wholesome and regular allocation to mid cap shares.
We learn the way 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 reminiscent of 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 potential 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 will probably 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 wonderful 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 potential 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 up. This can be a measure of reward. It’s computed from rolling upside seize information (see hyperlink under).
| 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 potential 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 down. This can be 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 wonderful performer. Present buyers can proceed with the fund, and new buyers can definitely take into account 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 because of the weight of their very own recognition. So each new and previous buyers shouldn’t anticipate the fund’s previous efficiency to repeat in future.
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