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: 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 September 30, 2022 | 584.16 |
| Net AUM (₹ Cr.) |
581.37 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on September 30, 2022 |
Regular Plan: 1.42% Direct Plan: 0.41% |
| **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 | ₹ 15.386 | ₹ 14.772 |
| IDCW^ | ₹ 13.096 | ₹ 12.457 |
| Volatility | 10.05% |
| Beta: | 1.19 |
| R Squared | 0.94 |
| Sharpe Ratio#: | 0.51 |
| Information Ratio | 0.67 |
| Portfolio Turnover Ratio | 3.70 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 30th September, 2022.^Basis last rolling 12 months. |
|
Weighted Average Maturity |
3.77 Years |
Modified Duration |
3.08 Years |
Macaulay Duration |
3.29 Years |
Yield to Maturity |
7.25% |
| New Position Bought |
| Stock |
| Auto Components |
| Apollo Tyres Limited |
| Sona BLW Precision Forgings Limited |
| Industrial Manufacturing |
| Honeywell Automation India Limited |
| Positions Increased |
| Stock |
| Aerospace & Defense |
| Bharat Electronics Limited |
| Banks |
| Axis Bank Limited |
| Kotak Mahindra Bank Limited |
| Cement & Cement Products |
| Ambuja Cements Limited |
| Consumer Durables |
| Voltas Limited |
| Personal Products |
| Dabur India Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Positions Decreased |
| Stock |
| Fertilizers & Agrochemicals |
| Paradeep Phosphates Limited |
| Finance |
| Muthoot Finance Limited |
| IT - Software |
| Infosys Limited |
| Power |
| NTPC 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 | |
| ICICI Bank Ltd | 3.19% |
| HDFC Bank Ltd | 3.10% |
| Axis Bank Ltd | 2.90% |
| State Bank of India | 1.88% |
| AU Small Finance Bank Limited | 0.81% |
| The Federal Bank Limited | 0.20% |
| Kotak Mahindra Bank Ltd | 0.16% |
| Finance | |
| Housing Development Finance Corporation Ltd | 1.98% |
| SBI Cards and Payment Services Limited | 0.59% |
| Shriram City Union Finance Limited | 0.47% |
| IDFC Limited | 0.45% |
| Can Fin Homes Limited | 0.33% |
| Power Finance Corporation Ltd | 0.20% |
| Muthoot Finance Limited | 0.14% |
| CreditAccess Grameen Limited | 0.01% |
| Insurance | |
| SBI Life Insurance Company Limited | 1.52% |
| ICICI Lombard General Insurance Company Limited | 1.31% |
| HDFC Life Insurance Company Ltd | 0.92% |
| Max Financial Services Ltd | 0.41% |
| Petroleum Products | |
| Reliance Industries Ltd | 3.57% |
| Hindustan Petroleum Corporation Ltd | 0.38% |
| Bharat Petroleum Corporation Limited | 0.07% |
| Consumer Durables | |
| Bata India Limited | 1.31% |
| Asian Paints Ltd | 0.85% |
| Havells India Ltd | 0.61% |
| Kajaria Ceramics Ltd | 0.43% |
| Crompton Greaves Consumer Electricals Limited | 0.30% |
| Greenply Industries Limited | 0.25% |
| Voltas Ltd | 0.13% |
| IT - Software | |
| Infosys Ltd | 2.11% |
| Tata Consultancy Services Ltd | 1.06% |
| MphasiS Limited | 0.37% |
| HCL Technologies Limited | 0.31% |
| Automobiles | |
| Maruti Suzuki India Ltd | 2.72% |
| TVS Motor Company Ltd | 0.53% |
| Tata Motors Limited | 0.43% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 2.13% |
| Aurobindo Pharma Ltd | 0.44% |
| Torrent Pharmaceuticals Ltd | 0.36% |
| Laurus Labs Limited | 0.34% |
| Glenmark Pharmaceuticals Limited | 0.22% |
| Cement & Cement Products | |
| Ambuja Cements Limited | 1.75% |
| Dalmia Bharat Limited | 0.63% |
| Nuvoco Vistas Corporation Limited | 0.27% |
| Entertainment | |
| Zee Entertainment Enterprises Ltd | 1.31% |
| Sun TV Network Limited | 1.18% |
| Auto Components | |
| Balkrishna Industries Ltd | 0.83% |
| Apollo Tyres Limited | 0.48% |
| Craftsman Automation Limited | 0.32% |
| Sona BLW Precision Forgings Limited | 0.23% |
| S.J.S. Enterprises Limited | 0.22% |
| Diversified FMCG | |
| ITC Ltd | 1.34% |
| Hindustan Unilever Ltd | 0.72% |
| Personal Products | |
| Dabur India Ltd | 1.21% |
| Emami Limited | 0.39% |
| Colgate Palmolive (India) Limited | 0.15% |
| Chemicals & Petrochemicals | |
| Tata Chemicals Ltd | 0.65% |
| Vinati Organics Ltd | 0.35% |
| Tatva Chintan Pharma Chem Limited | 0.31% |
| Chemplast Sanmar Limited | 0.20% |
| Rain Industries Limited | 0.20% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 1.16% |
| MTAR Technologies Limited | 0.41% |
| Hindustan Aeronautics Limited | 0.06% |
| Construction | |
| Larsen & Toubro Ltd | 1.61% |
| Retailing | |
| Go Fashion (India) Limited | 0.66% |
| Trent Limited | 0.51% |
| Zomato Limited | 0.21% |
| FSN E-Commerce Ventures Limited | 0.14% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.24% |
| Jindal Steel & Power Limited | 0.27% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.17% |
| Tata Communications Limited | 0.33% |
| Non - Ferrous Metals | |
| Hindalco Industries Limited | 1.45% |
| Transport Infrastructure | |
| Adani Ports and Special Economic Zone Limited | 1.41% |
| Power | |
| NTPC Ltd | 0.67% |
| Tata Power Company Limited | 0.50% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 0.68% |
| UTI Asset Management Company Limited | 0.43% |
| Beverages | |
| United Spirits Limited | 0.90% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Limited | 0.59% |
| Apollo Hospitals Enterprise Limited | 0.26% |
| Agricultural, Commercial & Construction Vehicles | |
| Ashok Leyland Limited | 0.80% |
| Realty | |
| DLF Limited | 0.50% |
| Industrial Products | |
| Prince Pipes And Fittings Limited | 0.33% |
| Cummins India Limited | 0.15% |
| Transport Services | |
| Delhivery Limited | 0.41% |
| Gateway Distriparks Limited | 0.05% |
| Food Products | |
| Britannia Industries Ltd | 0.43% |
| Gas | |
| Gujarat State Petronet Limited | 0.40% |
| Leisure Services | |
| Westlife Development Limited | 0.40% |
| Fertilizers & Agrochemicals | |
| Paradeep Phosphates Limited | 0.23% |
| UPL Limited | 0.05% |
| Industrial Manufacturing | |
| Honeywell Automation India Limited | 0.24% |
| Agricultural Food & other Products | |
| Tata Consumer Products Limited | 0.20% |
| Consumable Fuels | |
| Coal India Ltd | 0.15% |
| Financial Technology (Fintech) | |
| One 97 Communications Limited | 0.09% |
| Equity Holding Total | 71.32% |
| Equity Futures | |
| UPL Ltd October 2022 Future | -0.05% |
| Hindustan Aeronautics Ltd October 2022 Future | -0.06% |
| Colgate Palmolive (India) Ltd October 2022 Future | -0.15% |
| Cummins India Ltd October 2022 Future | -0.15% |
| Coal India Ltd October 2022 Future | -0.15% |
| Rain Industries Ltd October 2022 Future | -0.20% |
| Tata Consumer Products Ltd October 2022 Future | -0.20% |
| Power Finance Corporation Ltd October 2022 Future | -0.20% |
| Glenmark Pharmaceuticals Ltd October 2022 Future | -0.22% |
| Hindustan Unilever Ltd October 2022 Future | -0.24% |
| Apollo Hospitals Enterprise Ltd October 2022 Future | -0.27% |
| Indian Energy Exchange Ltd October 2022 Future | -0.28% |
| Tata Communications Ltd October 2022 Future | -0.33% |
| ICICI Bank Ltd October 2022 Future | -0.35% |
| IDFC Ltd October 2022 Future | -0.45% |
| Larsen & Toubro Ltd October 2022 Future | -0.48% |
| DLF Ltd October 2022 Future | -0.50% |
| Tata Power Company Ltd October 2022 Future | -0.51% |
| Trent Ltd October 2022 Future | -0.52% |
| Dalmia Bharat Ltd October 2022 Future | -0.64% |
| Tata Chemicals Ltd October 2022 Future | -0.65% |
| Ashok Leyland Ltd October 2022 Future | -0.81% |
| Tata Steel Ltd October 2022 Future | -0.81% |
| AU Small Finance Bank Ltd October 2022 Future | -0.81% |
| Reliance Industries Ltd October 2022 Future | -0.82% |
| Balkrishna Industries Ltd October 2022 Future | -0.83% |
| ITC Ltd October 2022 Future | -0.84% |
| Bata India Ltd October 2022 Future | -0.85% |
| Asian Paints Ltd October 2022 Future | -0.85% |
| Bharat Electronics Ltd October 2022 Future | -0.88% |
| Dabur India Ltd October 2022 Future | -0.89% |
| United Spirits Ltd October 2022 Future | -0.90% |
| HDFC Life Insurance Company Ltd October 2022 Future | -0.92% |
| Housing Development Finance Corporation Ltd October 2022 Future | -0.93% |
| HDFC Bank Ltd October 2022 Future | -0.93% |
| SBI Life Insurance Company Ltd October 2022 Future | -0.94% |
| ICICI Lombard General Insurance Company Ltd October 2022 Future | -1.02% |
| Ambuja Cements Ltd October 2022 Future | -1.11% |
| Axis Bank Ltd October 2022 Future | -1.12% |
| Hindalco Industries Ltd October 2022 Future | -1.15% |
| Sun TV Network Ltd October 2022 Future | -1.19% |
| Sun Pharmaceutical Industries Ltd October 2022 Future | -1.24% |
| Zee Entertainment Enterprises Ltd October 2022 Future | -1.31% |
| Adani Ports and Special Economic Zone Ltd October 2022 Future | -1.42% |
| Maruti Suzuki India Ltd October 2022 Future | -1.96% |
| Equity Futures Total | -31.09% |
| Government Bond | |
| 5.63% GOI (12/04/2026) | 9.81% |
| 5.74% GOI (15/11/2026) | 3.25% |
| 6.54% GOI (17/01/2032) | 3.24% |
| 6.18% GOI (04/11/2024) | 2.53% |
| 3.96% GOI (09/11/2022) | 0.86% |
| Government Bond Total | 19.70% |
| Treasury Bill | |
| 364 Days Tbill (03/08/2023) | 0.81% |
| 364 Days Tbill (17/08/2023) | 0.81% |
| 364 Days Tbill (24/08/2023) | 0.81% |
| Treasury Bill Total | 2.44% |
| Corporate Bond | |
| 8.25% IIFL Finance Ltd (14/10/2023) | 0.84% |
| Corporate Bond Total | 0.84% |
| Cash & Other Receivables Total | 36.80% |
| Total | 100.00% |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 1.85% |
11.47% |
10.85% |
|
| Scheme Benchmark* | 1.78% |
9.29% |
9.12% |
|
| Additional Benchmark** | -1.90% |
3.33% |
5.20% |
|
| NAV as on 30th September, 2022 | ₹ 14,772 | |||
| Index Value ( 30th September, 2022) | Index Value of Scheme benchmark is 4,728.48 and CRISIL 10 Year Gilt Index is 4,027.97 | |||
| Allotment Date | 18th 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 30-September-2022 |
SI |
450,000 |
552,624 |
3 Yr |
360,000 |
423,541 |
1 Yr |
120,000 |
121,847 |
Returns (%) |
Period |
||
SI |
3yr |
1yr |
|
Fund Return& (%) |
10.96 |
10.86 |
2.87 |
Benchmark Return& (%) |
8.96 |
8.91 |
2.74 |
Add. Benchmark Return& (%) |
2.31 |
1.01 |
-0.67 |
& 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