Performance Update

Enviably consistent

Mirae Asset Tax Saver trails an average peer this year by a slim margin, but that doesn't take anything away from its flawless track record

Mirae Asset Tax Saver trails an average peer this year by a slim margin, but that doesn't take anything away from its flawless track record

If there is one fund that can claim the crown for consistency undisputed in the ELSS category, it is Mirae Asset Tax Saver Fund. It has beaten an average peer and the benchmark by a wide margin in each calendar thus far. This year though, it is trailing the category average by a narrow margin. But that doesn't dent its long-term track record one bit. On a rolling five-year basis, the fund remains miles ahead of an average peer. Its stellar performance record has been well recognised by the investors, making it the third largest fund within the category. Even this year, it did reasonably well in the first six months during the falling markets but has trailed in the month of July when the markets rebounded sharply. Since the start of the year, the fund has benefited from many of its long-term holdings in banking (ICICI Bank, SBI), consumer staples (ITC, Britannia, Hindustan Lever) and others such Maruti Suzuki and Sun Pharma. Some of its prominent addit

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