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This version of the fund efficiency report seems to be 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 experiences current return and danger 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 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 beneath. Like with most ELSS funds, it’s massive cap -heavy with a wholesome and regular allocation to mid cap shares.
We learn the way constantly the Mirae Asset Tax Saver Fund has carried out wrt Nifty 200 TRI. We are going to 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 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 overwhelmed the benchmark 675 occasions. The consistency rating shall be 675/876 ~ 77%.
Metric | N200TRI |
No of rolling return entries (1 yr) | 1407 |
No of occasions 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 occasions 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 occasions 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 occasions 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 occasions 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 The one catch is the fund is simply seven years outdated. 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 occasions, the Fund carried out higher than the class benchmark when the benchmark was shifting up. It is a measure of reward. It’s computed from rolling upside seize knowledge (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 occasions, the Fund carried out higher than the class benchmark when the benchmark was shifting down. It is a measure of danger safety. It’s computed from rolling draw back seize knowledge. 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 among the uncommon funds to do effectively throughout each market up and downturns. Most funds solely do effectively throughout market downturns. See: Unusual, however true! How mutual funds beat the index!
Mirae Asset Tax Saver Fund is a superb performer. Present 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). Nonetheless, 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 likely to underperform because of the weight of their very own recognition. So each new and outdated traders mustn’t count on the fund’s previous efficiency to repeat in future.
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