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 | 17th 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: a) 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. b) 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: NIL II. 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 April 29, 2022 | 525.80 |
| Net AUM (₹ Cr.) |
533.22 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on April 29, 2022 |
Regular Plan: 1.43% Direct Plan: 0.46% |
| **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 | ₹ 15.046 | ₹ 14.507 |
| IDCW | ₹ 12.807 | ₹ 12.234 |
| Volatility | 9.84% |
| Beta: | 1.19 |
| R Squared | 0.94 |
| Sharpe Ratio#: | 0.80 |
| Information Ratio | 0.79 |
| Portfolio Turnover Ratio | 5.24 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 29th April, 2022.^Basis last rolling 12 months. |
|
Weighted Average Maturity |
4.08 Years |
Modified Duration |
3.33 Years |
Macaulay Duration |
3.55 Years |
Yield to Maturity |
6.28% |
| New Position Bought |
| Stock |
| Power |
| NTPC Limited |
| Consumer Durables |
| Kajaria Ceramics Limited |
| Aerospace & Defense |
| Hindustan Aeronautics Limited |
| Chemicals & Petrochemicals |
| Pidilite Industries Limited |
| Consumer Durables |
| Kajaria Ceramics Limited |
| Titan Company Limited |
| Power |
| NTPC Limited |
| Telecom - Services |
| Indus Towers Limited |
| Positions Exited |
| Stock |
| Non - Ferrous Metals |
| Vedanta Limited |
| National Aluminium Company Limited |
| Healthcare Services |
| Metropolis Healthcare Limited |
| Apollo Hospitals Enterprise Limited |
| Pharmaceuticals |
| Dr. Reddy's Laboratories Limited |
| Finance |
| IDFC Limited |
| Banks |
| IDFC First Bank Limited |
| Retailing |
| Zomato Limited |
| Auto Ancillaries |
| Balkrishna Industries Limited |
| Gas |
| GAIL (India) Limited |
| Transportation |
| Container Corporation of India Limited |
| Power |
| Power Grid Corporation of India Limited |
| Positions Increased |
| Stock |
| Banks |
| Axis Bank Limited |
| State Bank of India |
| Beverages |
| Varun Beverages Limited |
| Capital Markets |
| UTI Asset Management Company Limited |
| Consumer Durables |
| Havells India Limited |
| Finance |
| Cholamandalam Investment and Finance Company Ltd |
| Housing Development Finance Corporation Limited |
| Muthoot Finance Limited |
| SBI Cards and Payment Services Limited |
| Shriram Transport Finance Company Limited |
| Gas |
| Gujarat State Petronet Limited |
| IT - Software |
| Infosys Limited |
| Leisure Services |
| Westlife Development Limited |
| Pharmaceuticals & Biotechnology |
| Laurus Labs Limited |
| Positions Decreased |
| Stock |
| Banks |
| HDFC Bank Limited |
| Insurance |
| HDFC Life Insurance Company Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Record Date | IDCW (₹) | Face Value ( ₹) | Cum Nav ( ₹) |
22-Mar-22 |
1.10 per Unit |
10 |
13.327 |
Past Performance may or may not be sustained in future. Pursuant to payment of IDCW the NAV of the IDCW option of the scheme will fall to the extent of payout and statutory levy (if any). IDCW history is for MAESF - Regular Plan - IDCW Option
| Portfolio Holdings | % Allocation | |
| Banks | ||
| HDFC Bank Ltd | 5.24% | |
| Axis Bank Ltd | 2.68% | |
| ICICI Bank Ltd | 2.62% | |
| State Bank of India | 1.59% | |
| Bandhan Bank Ltd | 1.50% | |
| Kotak Mahindra Bank Ltd | 0.77% | |
| The Federal Bank Ltd | 0.29% | |
| IT - Software | ||
| Infosys Ltd | 2.88% | |
| Tata Consultancy Services Ltd | 1.36% | |
| MphasiS Ltd | 0.54% | |
| MindTree Ltd | 0.49% | |
| HCL Technologies Ltd | 0.48% | |
| Pharmaceuticals & Biotechnology | ||
| Sun Pharmaceutical Industries Ltd | 2.60% | |
| Aurobindo Pharma Ltd | 0.52% | |
| Zydus Lifesciences Ltd | 0.46% | |
| Glenmark Pharmaceuticals Ltd | 0.37% | |
| Torrent Pharmaceuticals Ltd | 0.25% | |
| Laurus Labs Ltd | 0.25% | |
| Natco Pharma Ltd | 0.21% | |
| IPCA Laboratories Ltd | 0.19% | |
| Finance | ||
| Shriram Transport Finance Company Ltd | 1.24% | |
| Housing Development Finance Corporation Ltd | 1.12% | |
| SBI Cards and Payment Services Ltd | 0.59% | |
| Can Fin Homes Ltd | 0.44% | |
| Muthoot Finance Ltd | 0.42% | |
| CreditAccess Grameen Ltd | 0.29% | |
| Power Finance Corporation Ltd | 0.16% | |
| Cholamandalam Investment and Finance Company Ltd | 0.16% | |
| Equitas Holdings Ltd | 0.09% | |
| LIC Housing Finance Ltd | 0.01% | |
| Consumer Durables | ||
| Bata India Ltd | 1.46% | |
| Havells India Ltd | 0.67% | |
| Titan Company Ltd | 0.52% | |
| Voltas Ltd | 0.43% | |
| Asian Paints Ltd | 0.36% | |
| Greenply Industries Ltd | 0.32% | |
| Crompton Greaves Consumer Electricals Ltd | 0.30% | |
| Kajaria Ceramics Ltd | 0.10% | |
| Petroleum Products | ||
| Reliance Industries Ltd | 3.34% | |
| Hindustan Petroleum Corporation Ltd | 0.26% | |
| Bharat Petroleum Corporation Ltd | 0.09% | |
| Automobiles | ||
| TVS Motor Company Ltd | 1.21% | |
| Maruti Suzuki India Ltd | 0.76% | |
| Tata Motors Ltd | 0.72% | |
| Chemicals & Petrochemicals | ||
| Pidilite Industries Ltd | 0.94% | |
| Vinati Organics Ltd | 0.39% | |
| Tatva Chintan Pharma Chem Ltd | 0.31% | |
| Chemplast Sanmar Ltd | 0.31% | |
| SRF Ltd | 0.30% | |
| Rain Industries Ltd | 0.24% | |
| Telecom - Services | ||
| Bharti Airtel Ltd | 1.64% | |
| Indus Towers Ltd | 0.56% | |
| Tata Communications Ltd | 0.15% | |
| Diversified FMCG | ||
| Hindustan Unilever Ltd | 1.66% | |
| ITC Ltd | 0.64% | |
| Insurance | ||
| SBI Life Insurance Company Ltd | 1.42% | |
| Max Financial Services Ltd | 0.44% | |
| ICICI Lombard General Insurance Company Ltd | 0.35% | |
| HDFC Life Insurance Company Ltd | 0.09% | |
| Entertainment | ||
| Sun TV Network Ltd | 1.22% | |
| Zee Entertainment Enterprises Ltd | 1.03% | |
| Industrial Products | ||
| Astral Ltd | 0.98% | |
| Bharat Forge Ltd | 0.46% | |
| Prince Pipes And Fittings Ltd | 0.39% | |
| Transport Infrastructure | ||
| Adani Ports and Special Economic Zone Ltd | 1.61% | |
| Cement & Cement Products | ||
| Ambuja Cements Ltd | 0.87% | |
| Nuvoco Vistas Corporation Ltd | 0.25% | |
| Shree Cement Ltd | 0.18% | |
| ACC Ltd | 0.04% | |
| Power | ||
| Tata Power Company Ltd | 0.89% | |
| NTPC Ltd | 0.29% | |
| Realty | ||
| DLF Ltd | 1.17% | |
| Construction | ||
| Larsen & Toubro Ltd | 1.06% | |
| Ferrous Metals | ||
| Tata Steel Ltd | 0.59% | |
| Jindal Steel & Power Ltd | 0.32% | |
| Retailing | ||
| Go Fashion (India) Ltd | 0.54% | |
| FSN E-Commerce Ventures Ltd | 0.20% | |
| Transport Services | ||
| InterGlobe Aviation Ltd | 0.62% | |
| Gateway Distriparks Ltd | 0.05% | |
| Auto Components | ||
| Craftsman Automation Ltd | 0.28% | |
| S.J.S. Enterprises Ltd | 0.23% | |
| CEAT Ltd | 0.14% | |
| Healthcare Services | ||
| Krishna Institute Of Medical Sciences Ltd | 0.38% | |
| Fortis Healthcare Ltd | 0.25% | |
| Capital Markets | ||
| UTI Asset Management Company Ltd | 0.51% | |
| Aerospace & Defense | ||
| Hindustan Aeronautics Ltd | 0.26% | |
| Bharat Electronics Ltd | 0.25% | |
| Gas | ||
| Gujarat State Petronet Ltd | 0.50% | |
| Personal Products | ||
| Emami Ltd | 0.33% | |
| Beverages | ||
| Varun Beverages Ltd | 0.30% | |
| Agricultural, Commercial & Construction Vehicles | ||
| Ashok Leyland Ltd | 0.30% | |
| Food Products | ||
| Britannia Industries Ltd | 0.28% | |
| Leisure Services | ||
| Westlife Development Ltd | 0.28% | |
| Financial Technology (Fintech) | ||
| One 97 Communications Ltd | 0.09% | |
| Equity Holding Total | 66.93% | |
| Equity Futures | ||
| LIC Housing Finance Ltd May 2022 Future | -0.01% | |
| ACC Ltd May 2022 Future | -0.04% | |
| Tata Steel Ltd May 2022 Future | -0.06% | |
| Maruti Suzuki India Ltd May 2022 Future | -0.12% | |
| Tata Communications Ltd May 2022 Future | -0.15% | |
| Havells India Ltd May 2022 Future | -0.15% | |
| Aurobindo Pharma Ltd May 2022 Future | -0.17% | |
| Shree Cement Ltd May 2022 Future | -0.18% | |
| Tata Motors Ltd May 2022 Future | -0.21% | |
| ITC Ltd May 2022 Future | -0.22% | |
| Rain Industries Ltd May 2022 Future | -0.24% | |
| Hindustan Aeronautics Ltd May 2022 Future | -0.26% | |
| HCL Technologies Ltd May 2022 Future | -0.28% | |
| SRF Ltd May 2022 Future | -0.30% | |
| Glenmark Pharmaceuticals Ltd May 2022 Future | -0.37% | |
| Zydus Lifesciences Ltd May 2022 Future | -0.46% | |
| MindTree Ltd May 2022 Future | -0.49% | |
| Titan Company Ltd May 2022 Future | -0.52% | |
| Indus Towers Ltd May 2022 Future | -0.56% | |
| InterGlobe Aviation Ltd May 2022 Future | -0.62% | |
| Infosys Ltd May 2022 Future | -0.67% | |
| Kotak Mahindra Bank Ltd May 2022 Future | -0.70% | |
| HDFC Bank Ltd June 2022 Future | -0.85% | |
| SBI Life Insurance Company Ltd May 2022 Future | -0.86% | |
| Tata Power Company Ltd May 2022 Future | -0.89% | |
| TVS Motor Company Ltd May 2022 Future | -0.92% | |
| Axis Bank Ltd May 2022 Future | -0.92% | |
| Pidilite Industries Ltd May 2022 Future | -0.95% | |
| Shriram Transport Finance Company Ltd May 2022 Future | -0.98% | |
| Astral Ltd May 2022 Future | -0.98% | |
| Bata India Ltd May 2022 Future | -1.01% | |
| Zee Entertainment Enterprises Ltd May 2022 Future | -1.04% | |
| Reliance Industries Ltd May 2022 Future | -1.05% | |
| Bharti Airtel Ltd May 2022 Future | -1.06% | |
| Hindustan Unilever Ltd May 2022 Future | -1.06% | |
| DLF Ltd May 2022 Future | -1.18% | |
| Sun TV Network Ltd May 2022 Future | -1.23% | |
| Bandhan Bank Ltd May 2022 Future | -1.51% | |
| Adani Ports and Special Economic Zone Ltd May 2022 Future | -1.61% | |
| Sun Pharmaceutical Industries Ltd May 2022 Future | -1.80% | |
| HDFC Bank Ltd May 2022 Future | -2.18% | |
| Equity Futures Total | -28.86% | |
| Government Bond | ||
| 5.63% GOI (12/04/2026) | 10.92% | |
| 5.74% GOI (15/11/2026) | 3.62% | |
| 6.54% GOI (17/01/2032) | 3.60% | |
| 6.18% GOI (04/11/2024) | 2.84% | |
| 3.96% GOI (09/11/2022) | 0.94% | |
| Government Bond Total | 21.90% | |
| Treasury Bill | ||
| 364 Days Tbill (19/08/2022) | 1.85% | |
| 364 Days Tbill (25/08/2022) | 0.93% | |
| Treasury Bill Total | 2.78% | |
| Corporate Bond | ||
| 8.25% IIFL Finance Ltd (14/10/2023) | 0.93% | |
| Corporate Bond Total | 0.93% | |
| Cash & Other Receivables Total | 36.31% | |
| Total | 100.00% | |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 9.69% |
11.80% |
11.68% |
|
| Scheme Benchmark* | 8.34% |
9.42% |
9.88% |
|
| Additional Benchmark** | -1.95% |
5.65% |
5.59% |
|
| NAV as on 29th April, 2022 | 14.507 | |||
| Index Value ( 29th April, 2022) | Index Value of Scheme benchmark is 4,665.10 and CRISIL 10 Year Gilt Index is 3,992.82 | |||
| Allotment Date | 17th Dec, 2018 | |||
| Scheme Benchmark | *Nifty Equity Savings Index (TRI) | |||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | |||
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)
Note: Returns below or for 1 year are absolute returns, returns above 1 year are CAGR- Compounded Annualized Growth returns.
| Period | Total Amount Invested | Mkt Value as on 29-April-2022 |
SI |
400,000 |
492,125 |
3 Yr |
360,000 |
434,816 |
1 Yr |
120,000 |
122,058 |
Returns (%) |
Period |
||
SI |
3yr |
1yr |
|
Fund Return& (%) |
12.54 |
12.71 |
3.24 |
Benchmark Return& (%) |
10.35 |
10.47 |
4.37 |
Add. Benchmark Return& (%) |
2.37 |
1.56 |
-4.03 |
& 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 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option