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 March 31, 2022 | 492.49 |
| Net AUM (₹ Cr.) |
510.79 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on March 31, 2022 |
Regular Plan: 1.46% Direct Plan: 0.48% |
| **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 | ₹ 15.118 | ₹ 14.588 |
| IDCW | ₹ 12.869 | ₹ 12.302 |
| Volatility | 9.59% |
| Beta: | 1.19 |
| R Squared | 0.93 |
| Sharpe Ratio#: | 0.86 |
| Information Ratio | 0.75 |
| Portfolio Turnover Ratio | 5.70 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 31st March, 2022.^Basis last rolling 12 months. |
|
Weighted Average Maturity |
3.59 Years |
Modified Duration |
2.98 Years |
Macaulay Duration |
3.16 Years |
Yield to Maturity |
5.77% |
| New Position Bought |
| Stock |
| Finance |
| CreditAccess Grameen Limited |
| Transportation |
| Gateway Distriparks Limited |
| Non - Ferrous Metals |
| Vedanta Limited |
| Transportation |
| InterGlobe Aviation Limited |
| Software |
| MindTree Limited |
| Pharmaceuticals |
| Zydus Lifesciences Limited |
| Non - Ferrous Metals |
| National Aluminium Company Limited |
| Pharmaceuticals |
| Glenmark Pharmaceuticals Limited |
| Cement & Cement Products |
| Shree Cement Limited |
| ACC Limited |
| Positions Exited |
| Stock |
| Consumer Durables |
| Titan Company Limited |
| Finance |
| Bajaj Finance Limited |
| Software |
| Tech Mahindra Limited |
| Auto |
| Mahindra & Mahindra Limited |
| Chemicals |
| Pidilite Industries Limited |
| Pharmaceuticals |
| Cadila Healthcare Limited |
| Construction |
| NBCC (India) Limited |
| Non - Ferrous Metals |
| Hindalco Industries Limited |
| Record Date | IDCW (₹) | Face Value ( ₹) | Cum Nav ( ₹) |
22-Mar-22 |
1.10 per Unit |
10 |
13.163 |
22-Mar-22 |
1.05 per Unit |
10 |
13.664 |
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 | ||
| Axis Bank Ltd | 2.74% | |
| HDFC Bank Ltd | 2.71% | |
| ICICI Bank Ltd | 2.68% | |
| State Bank of India | 2.41% | |
| Bandhan Bank Ltd | 1.44% | |
| Kotak Mahindra Bank Ltd | 1.10% | |
| The Federal Bank Ltd | 0.30% | |
| IDFC First Bank Ltd | 0.16% | |
| Software | ||
| Infosys Ltd | 3.81% | |
| Tata Consultancy Services Ltd | 1.50% | |
| MphasiS Ltd | 0.67% | |
| MindTree Ltd | 0.62% | |
| HCL Technologies Ltd | 0.54% | |
| Pharmaceuticals | ||
| Sun Pharmaceutical Industries Ltd | 2.67% | |
| Aurobindo Pharma Ltd | 0.58% | |
| Zydus Lifesciences Ltd | 0.47% | |
| Glenmark Pharmaceuticals Ltd | 0.39% | |
| Torrent Pharmaceuticals Ltd | 0.26% | |
| Dr. Reddy's Laboratories Ltd | 0.21% | |
| Natco Pharma Ltd | 0.21% | |
| IPCA Laboratories Ltd | 0.21% | |
| Laurus Labs Ltd | 0.17% | |
| Petroleum Products | ||
| Reliance Industries Ltd | 3.39% | |
| Hindustan Petroleum Corporation Ltd | 0.27% | |
| Bharat Petroleum Corporation Ltd | 0.09% | |
| Finance | ||
| Housing Development Finance Corporation Ltd | 1.16% | |
| Can Fin Homes Ltd | 0.49% | |
| SBI Cards and Payment Services Ltd | 0.38% | |
| Muthoot Finance Ltd | 0.29% | |
| CreditAccess Grameen Ltd | 0.25% | |
| IDFC Ltd | 0.21% | |
| Power Finance Corporation Ltd | 0.16% | |
| Shriram Transport Finance Company Ltd | 0.13% | |
| Equitas Holdings Ltd | 0.09% | |
| Cholamandalam Investment and Finance Company Ltd | 0.06% | |
| LIC Housing Finance Ltd | 0.01% | |
| Consumer Durables | ||
| Bata India Ltd | 1.54% | |
| Voltas Ltd | 0.44% | |
| Havells India Ltd | 0.44% | |
| Greenply Industries Ltd | 0.34% | |
| Crompton Greaves Consumer Electricals Ltd | 0.31% | |
| Auto | ||
| TVS Motor Company Ltd | 1.36% | |
| Tata Motors Ltd | 0.74% | |
| Maruti Suzuki India Ltd | 0.66% | |
| Ashok Leyland Ltd | 0.29% | |
| Insurance | ||
| SBI Life Insurance Company Ltd | 1.51% | |
| Max Financial Services Ltd | 0.46% | |
| ICICI Lombard General Insurance Company Ltd | 0.38% | |
| HDFC Life Insurance Company Ltd | 0.35% | |
| Entertainment | ||
| Sun TV Network Ltd | 1.29% | |
| Zee Entertainment Enterprises Ltd | 1.25% | |
| Healthcare Services | ||
| Metropolis Healthcare Ltd | 0.96% | |
| Apollo Hospitals Enterprise Ltd | 0.66% | |
| Krishna Institute Of Medical Sciences Ltd | 0.41% | |
| Fortis Healthcare Ltd | 0.28% | |
| Transportation | ||
| Adani Ports and Special Economic Zone Ltd | 1.52% | |
| InterGlobe Aviation Ltd | 0.70% | |
| Gateway Distriparks Ltd | 0.05% | |
| Container Corporation of India Ltd | 0.01% | |
| Consumer Non Durables | ||
| Hindustan Unilever Ltd | 0.58% | |
| ITC Ltd | 0.42% | |
| Asian Paints Ltd | 0.36% | |
| Emami Ltd | 0.31% | |
| Britannia Industries Ltd | 0.28% | |
| Varun Beverages Ltd | 0.23% | |
| Industrial Products | ||
| Astral Ltd | 0.96% | |
| Bharat Forge Ltd | 0.48% | |
| Prince Pipes And Fittings Ltd | 0.38% | |
| Non - Ferrous Metals | ||
| Vedanta Ltd | 1.27% | |
| National Aluminium Company Ltd | 0.43% | |
| Chemicals | ||
| Vinati Organics Ltd | 0.38% | |
| Chemplast Sanmar Ltd | 0.36% | |
| SRF Ltd | 0.33% | |
| Tatva Chintan Pharma Chem Ltd | 0.32% | |
| Rain Industries Ltd | 0.28% | |
| Construction | ||
| DLF Ltd | 1.25% | |
| Cement & Cement Products | ||
| Ambuja Cements Ltd | 0.73% | |
| Nuvoco Vistas Corporation Ltd | 0.29% | |
| Shree Cement Ltd | 0.18% | |
| ACC Ltd | 0.04% | |
| Construction Project | ||
| Larsen & Toubro Ltd | 1.15% | |
| Ferrous Metals | ||
| Tata Steel Ltd | 0.64% | |
| Jindal Steel & Power Ltd | 0.33% | |
| Retailing | ||
| Go Fashion (India) Ltd | 0.57% | |
| FSN E-Commerce Ventures Ltd | 0.21% | |
| Zomato Ltd | 0.14% | |
| Power | ||
| Tata Power Company Ltd | 0.91% | |
| Power Grid Corporation of India Ltd | 0.00% | |
| Telecom - Services | ||
| Bharti Airtel Ltd | 0.62% | |
| Tata Communications Ltd | 0.17% | |
| Auto Ancillaries | ||
| Craftsman Automation Ltd | 0.31% | |
| S.J.S. Enterprises Ltd | 0.23% | |
| CEAT Ltd | 0.12% | |
| Balkrishna Industries Ltd | 0.04% | |
| Capital Markets | ||
| UTI Asset Management Company Ltd | 0.57% | |
| Gas | ||
| Gujarat State Petronet Ltd | 0.41% | |
| GAIL (India) Ltd | 0.02% | |
| Aerospace & Defense | ||
| Bharat Electronics Ltd | 0.23% | |
| Leisure Services | ||
| Westlife Development Ltd | 0.22% | |
| Financial Technology (FINTECH) | ||
| One 97 Communications Ltd | 0.08% | |
| Equity Holding Total | 65.69% | |
| Equity Futures | ||
| Container Corporation of India Ltd April 2022 Future | -0.01% | |
| LIC Housing Finance Ltd April 2022 Future | -0.01% | |
| GAIL (India) Ltd April 2022 Future | -0.02% | |
| ACC Ltd April 2022 Future | -0.04% | |
| Balkrishna Industries Ltd April 2022 Future | -0.04% | |
| Tata Steel Ltd April 2022 Future | -0.07% | |
| Havells India Ltd April 2022 Future | -0.14% | |
| IDFC First Bank Ltd April 2022 Future | -0.16% | |
| Tata Communications Ltd April 2022 Future | -0.17% | |
| Shree Cement Ltd April 2022 Future | -0.18% | |
| Aurobindo Pharma Ltd April 2022 Future | -0.19% | |
| IDFC Ltd April 2022 Future | -0.21% | |
| Tata Motors Ltd April 2022 Future | -0.22% | |
| Apollo Hospitals Enterprise Ltd April 2022 Future | -0.26% | |
| Rain Industries Ltd April 2022 Future | -0.29% | |
| HCL Technologies Ltd April 2022 Future | -0.32% | |
| SRF Ltd April 2022 Future | -0.34% | |
| Glenmark Pharmaceuticals Ltd April 2022 Future | -0.39% | |
| National Aluminium Company Ltd April 2022 Future | -0.43% | |
| Zydus Lifesciences Ltd April 2022 Future | -0.48% | |
| MindTree Ltd April 2022 Future | -0.63% | |
| InterGlobe Aviation Ltd April 2022 Future | -0.70% | |
| SBI Life Insurance Company Ltd April 2022 Future | -0.91% | |
| Tata Power Company Ltd April 2022 Future | -0.92% | |
| State Bank of India April 2022 Future | -0.95% | |
| Astral Ltd April 2022 Future | -0.96% | |
| Metropolis Healthcare Ltd April 2022 Future | -0.97% | |
| Axis Bank Ltd April 2022 Future | -1.00% | |
| Kotak Mahindra Bank Ltd April 2022 Future | -1.03% | |
| Reliance Industries Ltd April 2022 Future | -1.04% | |
| Bata India Ltd April 2022 Future | -1.06% | |
| TVS Motor Company Ltd April 2022 Future | -1.07% | |
| Infosys Ltd April 2022 Future | -1.19% | |
| Zee Entertainment Enterprises Ltd April 2022 Future | -1.26% | |
| DLF Ltd April 2022 Future | -1.26% | |
| Vedanta Ltd April 2022 Future | -1.28% | |
| Sun TV Network Ltd April 2022 Future | -1.30% | |
| Bandhan Bank Ltd April 2022 Future | -1.45% | |
| Adani Ports and Special Economic Zone Ltd April 2022 Future | -1.52% | |
| Sun Pharmaceutical Industries Ltd April 2022 Future | -1.85% | |
| Equity Futures Total | -26.29% | |
| Government Bond | ||
| 5.63% GOI (12/04/2026) | 11.59% | |
| 6.18% GOI (04/11/2024) | 2.99% | |
| 6.54% GOI (17/01/2032) | 1.92% | |
| 3.96% GOI (09/11/2022) | 0.98% | |
| Government Bond Total | 17.48% | |
| Treasury Bill | ||
| 364 Days Tbill (19/08/2022) | 1.93% | |
| 364 Days Tbill (25/08/2022) | 0.96% | |
| Treasury Bill Total | 2.89% | |
| Corporate Bond | ||
| 8.25% IIFL Finance Ltd (14/10/2023) | 0.97% | |
| Corporate Bond Total | 0.97% | |
| Cash & Other Receivables Total | 39.26% | |
| Total | 100.00% | |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 10.99% |
12.18% |
12.17% |
|
| Scheme Benchmark* | 9.95% |
9.89% |
10.33% |
|
| Additional Benchmark** | 1.08% |
6.28% |
6.27% |
|
| NAV as on 31st March, 2022 | 14.588 | |||
| Index Value ( 31st March, 2022) | Index Value of Scheme benchmark is 4,692.84 and CRISIL 10 Year Gilt Index is 4,059.73 | |||
| 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 31-March-2022 |
SI |
390,000 |
485,443 |
3 Yr |
360,000 |
441,387 |
1 Yr |
120,000 |
123,825 |
Returns (%) |
Period |
||
SI |
3yr |
1yr |
|
Fund Return& (%) |
13.59 |
13.72 |
5.99 |
Benchmark Return& (%) |
11.30 |
11.38 |
7.07 |
Add. Benchmark Return& (%) |
3.52 |
3.00 |
-0.80 |
& 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