MIRAE ASSET
EQUITY SAVINGS FUND - (MAESF)
( Equity Savings Fund - An open ended scheme investing in equity, arbitrage and debt)
| Type of Scheme | Equity Savings Fund - An open ended scheme investing in equity, arbitrage and debt |
| Investment Objective | The investment objective of the scheme is to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments. The Scheme does not assure or guarantee any returns. |
Fund Managers** |
Mr. Harshad Borawake, Mr. Vrijesh Kasera,
(since October 12, 2019), Ms. Bharti Sawant (Equity portion) (since December 28, 2020) and Mr. Mahendra Jajoo (Debt portion) (since December 18, 2018) |
| Allotment Date | 18th December, 2018 |
| Benchmark Index | Nifty Equity Savings Index. |
| Minimum Investment Amount |
₹ 5,000/- (multiples of ₹ 1/- thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹ 1/- thereafter. |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) |
Monthly and Quarterly: ₹ 1,000/- (multiples of ₹ 1/- thereafter), minimum 5 in case of Monthly or 3 in case of Quarterly option. |
| Load Structure | Entry load: NA Exit load: I. For investors who have opted for SWP under the plan:15% of the units allotted (including Switch-in/ STP - in) on or before completion of 365 days from the date of allotment of units: Nil.Any redemption in excess of such limits in the first 365 days from the date of allotment shall be subject to the following exit load: (Redemption of units would be done on First In First Out Basis (FIFO):If redeemed within 1 year (365 days) from the date of allotment: 1%If redeemed after 1 year (365 days) from the date of allotment: NILII. Other Redemptions: For Investors who have not opted for SWP under the plan (including Switch out, STP out) :If redeemed within 1 year (365 days) from the date of allotment: 1%If redeemed after 1 year (365 days) from the date of allotment: NIL |
| Plans Available | Regular Plan and Direct Plan |
| Options Available | Growth Option and IDCW^ Option (Payout & Re-investment) |
| Monthly Average AUM (₹ Cr.) as on December 31, 2021 | 441.29 |
| Net AUM (₹ Cr.) |
432.22 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on December 31, 2021 |
Regular Plan: 1.45% Direct Plan: 0.42% |
| **For experience of Fund Managers Click Here | |
| ^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. | |
| NAV: | Direct | Regular |
| Growth | ₹ 15.125 | ₹ 14.631 |
| IDCW | ₹ 13.932 | ₹ 13.449 |
| Volatility | 15.76% |
| Beta: | 1.09 |
| R Squared | 0.96 |
| Sharpe Ratio#: | 0.62 |
| Information Ratio | 0.68 |
| Portfolio Turnover Ratio^ | 4.31 times |
@The Volatility, Beta, R Squared, Sharpe Ratio & Information Ratio are calculated on returns from last three years Monthly data points. # Risk free rate: FBIL OVERNIGHT MIBOR as on 31st December, 2021.^Basis last rolling 12 months. |
|
Weighted Average Maturity |
3.11 Years |
Modified Duration |
2.73 Years |
Macaulay Duration |
2.88 Years |
Yield to Maturity |
5.49% |
| New Position Bought |
| Stock |
| Ferrous Metals |
| JSW Steel Limited |
| Software |
| HCL Technologies Limited |
| Retailing |
| Indiamart Intermesh Limited |
| Consumer Durables |
| Bata India Limited |
| Titan Company Limited |
| Telecom - Services |
| Tata Communications Limited |
| Auto |
| Bajaj Auto Limited |
| Healthcare Services |
| Apollo Hospitals Enterprise Limited |
| Financial Technology (FINTECH) |
| One 97 Communications Limited |
| Positions Exited |
| Stock |
| Non - Ferrous Metals |
| Hindalco Industries Limited |
| Entertainment |
| Zee Entertainment Enterprises Limited |
| Chemicals |
| Deepak Nitrite Limited |
| Clean Science and Technology Limited |
| SRF Limited |
| Consumer Non Durables |
| Dabur India Limited |
| Positions Increased |
| Stock |
| Aerospace & Defense |
| Bharat Electronics Limited |
| Auto |
| Tata Motors Limited |
| Banks |
| The Federal Bank Limited |
| State Bank of India |
| Axis Bank Limited |
| HDFC Bank Limited |
| Cement & Cement Products |
| Ambuja Cements Limited |
| Consumer Non Durables |
| Emami Limited |
| Hindustan Unilever Limited |
| Finance |
| Cholamandalam Investment and Finance Company Limited |
| SBI Cards and Payment Services Limited |
| Can Fin Homes Limited |
| Housing Development Finance Corporation Limited |
| Gas |
| Gujarat State Petronet Limited |
| Insurance |
| ICICI Lombard General Insurance Company Limited |
| Max Financial Services Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Pharmaceuticals |
| Sun Pharmaceutical Industries Limited |
| Software |
| Tata Consultancy Services Limited |
| Transportation |
| Container Corporation of India Limited |
| Positions Decreased |
| Stock |
| Pharmaceuticals |
| Torrent Pharmaceuticals Limited |
| Healthcare Services |
| Fortis Healthcare Limited |
| Portfolio Holdings | % Allocation | |
| Banks | ||
| ICICI Bank Ltd | 3.55% | |
| HDFC Bank Ltd | 2.99% | |
| State Bank of India | 1.87% | |
| Axis Bank Ltd | 1.68% | |
| Kotak Mahindra Bank Ltd | 1.30% | |
| The Federal Bank Ltd | 0.29% | |
| Software | ||
| Infosys Ltd | 4.58% | |
| Tata Consultancy Services Ltd | 1.74% | |
| MphasiS Ltd | 0.77% | |
| Wipro Ltd | 0.59% | |
| HCL Technologies Ltd | 0.28% | |
| Auto | ||
| Tata Motors Ltd | 1.72% | |
| Escorts Ltd | 1.56% | |
| Maruti Suzuki India Ltd | 0.83% | |
| Bajaj Auto Ltd | 0.67% | |
| TVS Motor Company Ltd | 0.22% | |
| Ashok Leyland Ltd | 0.20% | |
| Insurance | ||
| SBI Life Insurance Company Ltd | 2.46% | |
| HDFC Life Insurance Company Ltd | 0.57% | |
| ICICI Lombard General Insurance Company Ltd | 0.36% | |
| Max Financial Services Ltd | 0.34% | |
| Petroleum Products | ||
| Reliance Industries Ltd* | 3.32% | |
| Bharat Petroleum Corporation Ltd | 0.21% | |
| Hindustan Petroleum Corporation Ltd | 0.14% | |
| Ferrous Metals | ||
| Tata Steel Ltd | 1.53% | |
| Steel Authority of India Ltd | 0.93% | |
| Jindal Steel & Power Ltd | 0.79% | |
| JSW Steel Ltd | 0.37% | |
| Finance | ||
| Housing Development Finance Corporation Ltd | 1.42% | |
| SBI Cards and Payment Services Ltd | 0.60% | |
| Cholamandalam Investment and Finance Company Ltd | 0.43% | |
| Can Fin Homes Ltd | 0.33% | |
| Muthoot Finance Ltd | 0.32% | |
| Power Finance Corporation Ltd | 0.19% | |
| Shriram Transport Finance Company Ltd | 0.16% | |
| Equitas Holdings Ltd | 0.11% | |
| Pharmaceuticals | ||
| Sun Pharmaceutical Industries Ltd | 1.76% | |
| Aurobindo Pharma Ltd | 0.64% | |
| Torrent Pharmaceuticals Ltd | 0.34% | |
| Natco Pharma Ltd | 0.29% | |
| Dr. Reddy's Laboratories Ltd | 0.28% | |
| IPCA Laboratories Ltd | 0.24% | |
| Consumer Durables | ||
| Titan Company Ltd | 1.18% | |
| Voltas Ltd | 0.49% | |
| Crompton Greaves Consumer Electricals Ltd | 0.41% | |
| Greenply Industries Ltd | 0.37% | |
| Havells India Ltd | 0.29% | |
| Bata India Ltd | 0.25% | |
| Cement & Cement Products | ||
| Ambuja Cements Ltd | 2.37% | |
| Nuvoco Vistas Corporation Ltd | 0.42% | |
| Consumer Non Durables | ||
| ITC Ltd | 1.04% | |
| Hindustan Unilever Ltd | 0.47% | |
| Emami Ltd | 0.41% | |
| Britannia Industries Ltd | 0.23% | |
| Capital Markets | ||
| Multi Commodity Exchange of India Ltd | 1.53% | |
| UTI Asset Management Company Ltd | 0.56% | |
| Healthcare Services | ||
| Apollo Hospitals Enterprise Ltd | 0.77% | |
| Krishna Institute Of Medical Sciences Ltd | 0.62% | |
| Vijaya Diagnostic Centre Ltd | 0.37% | |
| Fortis Healthcare Ltd | 0.33% | |
| Retailing | ||
| Indiamart Intermesh Ltd | 0.77% | |
| Go Fashion (India) Ltd | 0.69% | |
| FSN E-Commerce Ventures Ltd | 0.30% | |
| Zomato Ltd | 0.26% | |
| Transportation | ||
| Adani Ports and Special Economic Zone Ltd | 1.62% | |
| Gateway Distriparks Ltd | 0.06% | |
| Container Corporation of India Ltd | 0.01% | |
| Entertainment | ||
| Sun TV Network Ltd | 1.50% | |
| Industrial Products | ||
| Bharat Forge Ltd | 1.17% | |
| Prince Pipes And Fittings Ltd | 0.33% | |
| Chemicals | ||
| Vinati Organics Ltd | 0.44% | |
| Tatva Chintan Pharma Chem Ltd | 0.42% | |
| Chemplast Sanmar Ltd | 0.34% | |
| Construction Project | ||
| Larsen & Toubro Ltd | 1.03% | |
| Power | ||
| Tata Power Company Ltd | 0.96% | |
| Power Grid Corporation of India Ltd | 0.00% | |
| Telecom - Services | ||
| Bharti Airtel Ltd | 0.64% | |
| Tata Communications Ltd | 0.18% | |
| Auto Ancillaries | ||
| Craftsman Automation Ltd | 0.34% | |
| S.J.S. Enterprises Ltd | 0.25% | |
| CEAT Ltd | 0.18% | |
| Gas | ||
| Gujarat State Petronet Ltd | 0.49% | |
| Other Services | ||
| Quess Corp Ltd | 0.47% | |
| Leisure Services | ||
| Westlife Development Ltd | 0.29% | |
| Aerospace & Defense | ||
| Bharat Electronics Ltd | 0.26% | |
| Financial Technology (FINTECH) | ||
| One 97 Communications Ltd | 0.24% | |
| Equity Holding Total | 68.33% | |
| Equity Futures | ||
| Container Corporation of India Ltd February 2022 Future | -0.01% | |
| SBI Cards and Payment Services Ltd January 2022 Future | -0.13% | |
| Tata Communications Ltd January 2022 Future | -0.18% | |
| JSW Steel Ltd January 2022 Future | -0.38% | |
| State Bank of India January 2022 Future | -0.42% | |
| Housing Development Finance Corporation Ltd January 2022 Future | -0.45% | |
| HDFC Life Insurance Company Ltd January 2022 Future | -0.51% | |
| Jindal Steel & Power Ltd January 2022 Future | -0.53% | |
| Wipro Ltd February 2022 Future | -0.59% | |
| ITC Ltd January 2022 Future | -0.62% | |
| Aurobindo Pharma Ltd January 2022 Future | -0.64% | |
| Bajaj Auto Ltd January 2022 Future | -0.67% | |
| Apollo Hospitals Enterprise Ltd January 2022 Future | -0.77% | |
| Indiamart Intermesh Ltd January 2022 Future | -0.77% | |
| ICICI Bank Ltd January 2022 Future | -0.80% | |
| Bharat Forge Ltd January 2022 Future | -0.82% | |
| Sun Pharmaceutical Industries Ltd January 2022 Future | -0.91% | |
| Steel Authority of India Ltd January 2022 Future | -0.93% | |
| Tata Power Company Ltd January 2022 Future | -0.97% | |
| Tata Steel Ltd January 2022 Future | -0.98% | |
| Reliance Industries Ltd* | -1.13% | |
| Tata Motors Ltd January 2022 Future | -1.17% | |
| Titan Company Ltd January 2022 Future | -1.18% | |
| Kotak Mahindra Bank Ltd January 2022 Future | -1.22% | |
| Ambuja Cements Ltd January 2022 Future | -1.44% | |
| Sun TV Network Ltd January 2022 Future | -1.51% | |
| Multi Commodity Exchange of India Ltd January 2022 Future | -1.54% | |
| Escorts Ltd January 2022 Future | -1.57% | |
| Adani Ports and Special Economic Zone Ltd January 2022 Future | -1.63% | |
| SBI Life Insurance Company Ltd January 2022 Future | -1.74% | |
| Infosys Ltd January 2022 Future | -1.76% | |
| Equity Futures Total | -27.96% | |
| Government Bond | ||
| 5.63% GOI (12/04/2026) | 11.05% | |
| 6.18% GOI (04/11/2024) | 3.41% | |
| 3.96% GOI (09/11/2022) | 1.11% | |
| Government Bond Total | 15.57% | |
| Treasury Bill | ||
| 364 Days Tbill (19/08/2022) | 2.17% | |
| 364 Days Tbill (25/08/2022) | 1.08% | |
| Treasury Bill Total | 3.25% | |
| Corporate Bond | ||
| 8.25% IIFL Finance Ltd (14/10/2023) | 1.10% | |
| Corporate Bond Total | 1.10% | |
| Cash & Other Receivables Total | 39.71% | |
| Total | 100.00% | |
*Includes "Partly Paid Shares"
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 15.71 |
13.39 |
13.33 |
|
| Scheme Benchmark* | 11.52 |
10.94 |
10.86 |
|
| Additional Benchmark** | 1.35 |
6.94 |
7.15 |
|
| NAV as on 31st December, 2021 | 14.631 | |||
| Index Value (31st December, 2021) | Index Value of Scheme benchmark is 4,646.95 and CRISIL 10 Year Gilt Index is 4,100.79 | |||
| Allotment Date | 18th Dec, 2018 | |||
| Scheme Benchmark | *Nifty Equity Savings Index (TRI) | |||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | |||
Note:1. Different Plans under the scheme has different expense structure. The reference and details provided herein are of Regular Plan - Growth Option
2. Fund managers : Mr. Harshad Borawake (since October 12, 2019), Mr. Vrijesh Kasera (since October 12, 2019), Ms. Bharti Sawant (since December 28, 2020) and Mr. Mahendra Jajoo (Debt Portion) (since December 18, 2018)
| Period | Total Amount Invested | Mkt Value as on 31-December-2021 |
SI |
360,000 |
456,774 |
3 Yr |
360,000 |
457,010 |
1 Yr |
120,000 |
128,289 |
Returns (%) |
Period |
||
SI |
3yr |
1yr |
|
Fund Return& (%) |
16.08 |
16.12 |
13.05 |
Benchmark Return& (%) |
12.48 |
12.51 |
10.26 |
Add. Benchmark Return& (%) |
4.77 |
4.77 |
1.57 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
This product is suitable for investors who are seeking*
• Capital appreciation and income distribution
• Investment in equity and equity related instruments, arbitrage opportunities and debt & money market instruments
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund managers are given in the respective page of the schemes 