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 November 30, 2021 | 423.47 |
| Net AUM (₹ Cr.) |
432.22 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on November 30, 2021 |
Regular Plan: 1.41% Direct Plan: 0.38% |
| **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 | ₹ 14.998 | ₹ 14.521 |
| IDCW | ₹ 13.815 | ₹ 13.348 |
| Portfolio Turnover Ratio^ | 5.01 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 October, 2021. ^Basis last rolling 12 months. |
|
Weighted Average Maturity |
2.95 Years |
Modified Duration |
2.60 Years |
Macaulay Duration |
2.74 Years |
Yield to Maturity |
5.22% |
| New Position Bought |
| Stock |
| Cement & Cement Products |
| Nuvoco Vistas Corporation Limited |
| Chemicals |
| Chemplast Sanmar Limited |
| Non - Ferrous Metals |
| Vedanta Limited |
| Pharmaceuticals |
| Glenmark Pharmaceuticals Limited |
| Transportation |
| Indian Railway Catering And Tourism Corporation Limited |
| Positions Exited |
| Stock |
| Banks |
| IndusInd Bank Limited |
| Cement & Cement Products |
| ACC Limited |
| Chemicals |
| Sudarshan Chemical Industries Limited |
| Software |
| Tech Mahindra Limited |
| Positions Increased |
| Stock |
| Auto |
| Ashok Leyland Limited |
| Maruti Suzuki India Limited |
| Banks |
| Axis Bank Limited |
| HDFC Bank Limited |
| ICICI Bank Limited |
| Chemicals |
| Tatva Chintan Pharma Chem Limited |
| Consumer Durables |
| Voltas Limited |
| Consumer Non Durables |
| Hindustan Unilever Limited |
| Ferrous Metals |
| Jindal Steel & Power Limited |
| Tata Steel Limited |
| Gas |
| Gujarat State Petronet Limited |
| Healthcare Services |
| Fortis Healthcare Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Positions Decreased |
| Stock |
| Chemicals |
| Deepak Nitrite Limited |
| Consumer Non Durables |
| Dabur India Limited |
| Insurance |
| HDFC Life Insurance Company Limited |
| Portfolio Holdings | % Allocation | |
| Banks | ||
| HDFC Bank Ltd | 5.01% | |
| ICICI Bank Ltd | 2.77% | |
| State Bank of India | 1.89% | |
| Axis Bank Ltd | 1.65% | |
| The Federal Bank Ltd | 0.27% | |
| Kotak Mahindra Bank Ltd | 0.10% | |
| Software | ||
| Tata Consultancy Services Ltd | 3.08% | |
| Infosys Ltd | 2.91% | |
| Wipro Ltd | 1.18% | |
| MphasiS Ltd | 0.68% | |
| Auto | ||
| Maruti Suzuki India Ltd | 1.59% | |
| Tata Motors Ltd | 1.57% | |
| Escorts Ltd | 0.52% | |
| TVS Motor Company Ltd | 0.26% | |
| Ashok Leyland Ltd | 0.21% | |
| Insurance | ||
| SBI Life Insurance Company Ltd | 2.49% | |
| HDFC Life Insurance Company Ltd | 0.62% | |
| Max Financial Services Ltd | 0.29% | |
| ICICI Lombard General Insurance Company Ltd | 0.23% | |
| Pharmaceuticals | ||
| Sun Pharmaceutical Industries Ltd | 1.54% | |
| Aurobindo Pharma Ltd | 0.69% | |
| Torrent Pharmaceuticals Ltd | 0.54% | |
| Natco Pharma Ltd | 0.28% | |
| Dr. Reddy's Laboratories Ltd | 0.28% | |
| IPCA Laboratories Ltd | 0.24% | |
| Petroleum Products | ||
| Reliance Industries Ltd* | 3.05% | |
| Bharat Petroleum Corporation Ltd | 0.21% | |
| Hindustan Petroleum Corporation Ltd | 0.15% | |
| Ferrous Metals | ||
| Tata Steel Ltd | 1.36% | |
| Steel Authority of India Ltd | 0.90% | |
| Jindal Steel & Power Ltd | 0.79% | |
| Finance | ||
| Housing Development Finance Corporation Ltd | 0.74% | |
| SBI Cards and Payment Services Ltd | 0.42% | |
| Muthoot Finance Ltd | 0.32% | |
| Cholamandalam Investment and Finance Company Ltd | 0.27% | |
| Can Fin Homes Ltd | 0.25% | |
| Shriram Transport Finance Company Ltd | 0.20% | |
| Power Finance Corporation Ltd | 0.20% | |
| Equitas Holdings Ltd | 0.13% | |
| Chemicals | ||
| Deepak Nitrite Ltd | 0.51% | |
| Vinati Organics Ltd | 0.43% | |
| Clean Science and Technology Ltd | 0.43% | |
| Tatva Chintan Pharma Chem Ltd | 0.39% | |
| Chemplast Sanmar Ltd | 0.36% | |
| SRF Ltd | 0.20% | |
| Consumer Non Durables | ||
| ITC Ltd | 1.10% | |
| Hindustan Unilever Ltd | 0.32% | |
| Dabur India Ltd | 0.32% | |
| Emami Ltd | 0.28% | |
| Britannia Industries Ltd | 0.24% | |
| Capital Markets | ||
| Multi Commodity Exchange of India Ltd | 1.61% | |
| UTI Asset Management Company Ltd | 0.61% | |
| Entertainment | ||
| Sun TV Network Ltd | 1.63% | |
| Zee Entertainment Enterprises Ltd | 0.54% | |
| Transportation | ||
| Adani Ports and Special Economic Zone Ltd | 1.58% | |
| Container Corporation of India Ltd | 0.52% | |
| Gateway Distriparks Ltd | 0.06% | |
| Consumer Durables | ||
| Voltas Ltd | 0.50% | |
| Crompton Greaves Consumer Electricals Ltd | 0.44% | |
| Greenply Industries Ltd | 0.37% | |
| Havells India Ltd | 0.30% | |
| Industrial Products | ||
| Bharat Forge Ltd | 1.21% | |
| Prince Pipes And Fittings Ltd | 0.35% | |
| Retailing | ||
| Go Fashion (India) Ltd | 0.84% | |
| FSN E-Commerce Ventures Ltd | 0.36% | |
| Zomato Ltd | 0.30% | |
| Cement & Cement Products | ||
| Ambuja Cements Ltd | 0.91% | |
| Nuvoco Vistas Corporation Ltd | 0.47% | |
| Healthcare Services | ||
| Krishna Institute Of Medical Sciences Ltd | 0.56% | |
| Fortis Healthcare Ltd | 0.42% | |
| Vijaya Diagnostic Centre Ltd | 0.38% | |
| Construction Project | ||
| Larsen & Toubro Ltd | 1.00% | |
| Power | ||
| Tata Power Company Ltd | 0.98% | |
| Power Grid Corporation of India Ltd | 0.00% | |
| Non - Ferrous Metals | ||
| Hindalco Industries Ltd | 0.92% | |
| Auto Ancillaries | ||
| Craftsman Automation Ltd | 0.35% | |
| S.J.S. Enterprises Ltd | 0.29% | |
| CEAT Ltd | 0.18% | |
| Telecom - Services | ||
| Bharti Airtel Ltd | 0.71% | |
| Other Services | ||
| Quess Corp Ltd | 0.51% | |
| Gas | ||
| Gujarat State Petronet Ltd | 0.49% | |
| Leisure Services | ||
| Westlife Development Ltd | 0.30% | |
| Aerospace & Defense | ||
| Bharat Electronics Ltd | 0.21% | |
| Equity Holding Total | 64.34% | |
| Equity Futures | ||
| SBI Cards and Payment Services Ltd December 2021 Future | -0.14% | |
| Dabur India Ltd December 2021 Future | -0.21% | |
| Infosys Ltd December 2021 Future | -0.24% | |
| State Bank of India December 2021 Future | -0.43% | |
| Deepak Nitrite Ltd December 2021 Future | -0.52% | |
| Container Corporation of India Ltd December 2021 Future | -0.52% | |
| Escorts Ltd December 2021 Future | -0.52% | |
| Jindal Steel & Power Ltd December 2021 Future | -0.54% | |
| Zee Entertainment Enterprises Ltd December 2021 Future | -0.54% | |
| HDFC Life Insurance Company Ltd December 2021 Future | -0.56% | |
| ITC Ltd December 2021 Future | -0.66% | |
| Aurobindo Pharma Ltd December 2021 Future | -0.69% | |
| Maruti Suzuki India Ltd December 2021 Future | -0.77% | |
| Tata Steel Ltd December 2021 Future | -0.80% | |
| Sun Pharmaceutical Industries Ltd December 2021 Future | -0.84% | |
| Bharat Forge Ltd December 2021 Future | -0.85% | |
| Steel Authority of India Ltd December 2021 Future | -0.91% | |
| Hindalco Industries Ltd December 2021 Future | -0.93% | |
| Tata Power Company Ltd December 2021 Future | -0.98% | |
| Tata Motors Ltd December 2021 Future | -1.15% | |
| Wipro Ltd December 2021 Future | -1.18% | |
| Reliance Industries Ltd* | -1.19% | |
| Adani Ports and Special Economic Zone Ltd December 2021 Future | -1.59% | |
| Multi Commodity Exchange of India Ltd December 2021 Future | -1.61% | |
| Tata Consultancy Services Ltd December 2021 Future | -1.62% | |
| Sun TV Network Ltd December 2021 Future | -1.63% | |
| SBI Life Insurance Company Ltd December 2021 Future | -1.75% | |
| HDFC Bank Ltd December 2021 Future | -1.92% | |
| Equity Futures Total | -25.28% | |
| Government Bond | ||
| 5.63% GOI (12/04/2026) | 11.56% | |
| 6.18% GOI (04/11/2024) | 3.57% | |
| 3.96% GOI (09/11/2022) | 1.16% | |
| Government Bond Total | 16.29% | |
| Treasury Bill | ||
| 364 Days Tbill (19/08/2022) | 2.25% | |
| 364 Days Tbill (25/08/2022) | 1.12% | |
| 364 Days Tbill (30/12/2021) | 0.69% | |
| Treasury Bill Total | 4.07% | |
| Corporate Bond | ||
| 9.5% Muthoot Finance Ltd (27/12/2021) | 1.16% | |
| 8.25% IIFL Finance Ltd (14/10/2023) | 1.15% | |
| Corporate Bond Total | 2.31% | |
| Cash & Other Receivables Total | 38.28% | |
| Total | 100.00% | |
*Includes "Partly Paid Shares"
| Returns (in%) | ||||
| 1 Yr | SI | |||
| MAESF | 18.61 |
13.46 |
||
| Scheme Benchmark* | 13.83 |
10.84 |
||
| Additional Benchmark** | 2.38 |
7.49 |
||
| NAV as on 30th November, 2021 | 14.521 | |||
| Index Value (30th November, 2021) | Index Value of Scheme benchmark is 4,605.44 and CRISIL 10 Year Gilt Index is 4,115.65 | |||
| 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 30-November-2021 |
SI |
350,000 |
443,374 |
1 Yr |
120,000 |
129,103 |
Returns (%) |
Period |
|
SI |
1yr |
|
Fund Return& (%) |
16.46 |
14.38 |
Benchmark Return& (%) |
12.56 |
10.59 |
Add. Benchmark Return& (%) |
5.30 |
2.65 |
& 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
• Degree of risk – Moderately High
*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 