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: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 January 31, 2022 | 470.98 |
| Net AUM (₹ Cr.) |
478.60 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on January 31, 2022 |
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 | ₹ 15.144 | ₹ 14.637 |
| IDCW | ₹ 13.950 | ₹ 13.455 |
| Volatility | 15.75% |
| Beta: | 1.10 |
| R Squared | 0.96 |
| Sharpe Ratio#: | 0.60 |
| Information Ratio | -6.15 |
| Portfolio Turnover Ratio^ | 5.35 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 January, 2022.^Basis last rolling 12 months. |
|
Weighted Average Maturity |
3.03 Years |
Modified Duration |
2.65 Years |
Macaulay Duration |
2.80 Years |
Yield to Maturity |
5.58% |
| New Position Bought |
| Stock |
| Auto |
| Mahindra & Mahindra Limited |
| Banks |
| IDFC First Bank Limited |
| Chemicals |
| Rain Industries Limited |
| Construction |
| DLF Limited |
| NBCC (India) Limited |
| Consumer Non Durables |
| Asian Paints Limited |
| Varun Beverages Limited |
| Finance |
| Bajaj Finance Limited |
| L&T Finance Holdings Limited |
| IDFC Limited |
| Gas |
| GAIL (India) Limited |
| Pharmaceuticals |
| Cadila Healthcare Limited |
| Software |
| Tech Mahindra Limited |
| Positions Exited |
| Stock |
| Ferrous Metals |
| JSW Steel Limited |
| Steel Authority of India Limited |
| Auto |
| Escorts Limited |
| Retailing |
| Indiamart Intermesh Limited |
| Healthcare Services |
| Vijaya Diagnostic Centre Limited |
| Transportation |
| Gateway Distriparks Limited |
| Positions Increased |
| Stock |
| Insurance |
| HDFC Life Insurance Company Limited |
| Max Financial Services Limited |
| Cement & Cement Products |
| Ambuja Cements Limited |
| Industrial Products |
| Prince Pipes And Fittings Limited |
| Consumer Durables |
| Havells India Limited |
| Healthcare Services |
| Apollo Hospitals Enterprise Limited |
| Finance |
| Can Fin Homes Limited |
| Housing Development Finance Corporation Limited |
| Muthoot Finance Limited |
| Software |
| Infosys Limited |
| Banks |
| State Bank of India |
| ICICI Bank Limited |
| HDFC Bank Limited |
| Auto |
| TVS Motor Company Limited |
| Tata Motors Limited |
| Pharmaceuticals |
| IPCA Laboratories Limited |
| Consumer Non Durables |
| Britannia Industries Limited |
| Positions Decreased |
| Stock |
| Healthcare Services |
| Krishna Institute Of Medical Sciences Limited |
| Auto |
| Ashok Leyland Limited |
| Maruti Suzuki India Limited |
| Portfolio Holdings | % Allocation | |
| Banks | ||
| ICICI Bank Ltd | 3.66% | |
| HDFC Bank Ltd | 2.92% | |
| Axis Bank Ltd | 2.33% | |
| State Bank of India | 2.16% | |
| The Federal Bank Limited | 0.34% | |
| IDFC First Bank Limited | 0.20% | |
| Kotak Mahindra Bank Ltd | 0.08% | |
| Software | ||
| Infosys Ltd | 2.54% | |
| Tata Consultancy Services Ltd | 2.46% | |
| Tech Mahindra Limited | 1.06% | |
| MphasiS Limited | 0.66% | |
| Wipro Ltd | 0.44% | |
| HCL Technologies Limited | 0.22% | |
| Finance | ||
| Housing Development Finance Corporation Ltd | 1.40% | |
| Bajaj Finance Limited | 1.10% | |
| L&T Finance Holdings Limited | 1.06% | |
| SBI Cards and Payment Services Limited | 0.69% | |
| IDFC Limited | 0.59% | |
| Cholamandalam Investment and Finance Company Limited | 0.49% | |
| Can Fin Homes Limited | 0.44% | |
| Muthoot Finance Limited | 0.34% | |
| Power Finance Corporation Ltd | 0.18% | |
| Shriram Transport Finance Company Limited | 0.15% | |
| Equitas Holdings Ltd | 0.10% | |
| Auto | ||
| Tata Motors Limited | 1.79% | |
| Mahindra & Mahindra Limited | 0.87% | |
| Bajaj Auto Limited | 0.69% | |
| Maruti Suzuki India Ltd | 0.62% | |
| TVS Motor Company Ltd | 0.31% | |
| Ashok Leyland Limited | 0.12% | |
| Insurance | ||
| SBI Life Insurance Company Limited | 2.39% | |
| HDFC Life Insurance Company Ltd | 0.69% | |
| Max Financial Services Ltd | 0.41% | |
| ICICI Lombard General Insurance Company Limited | 0.33% | |
| Pharmaceuticals | ||
| Sun Pharmaceutical Industries Ltd | 1.63% | |
| Cadila Healthcare Limited | 0.64% | |
| Aurobindo Pharma Ltd | 0.31% | |
| Natco Pharma Limited | 0.27% | |
| Torrent Pharmaceuticals Ltd | 0.26% | |
| Dr. Reddy's Laboratories Ltd | 0.23% | |
| IPCA Laboratories Limited | 0.22% | |
| Petroleum Products | ||
| Reliance Industries Ltd* | 3.14% | |
| Bharat Petroleum Corporation Limited | 0.20% | |
| Hindustan Petroleum Corporation Ltd | 0.15% | |
| Consumer Durables | ||
| Havells India Ltd | 0.88% | |
| Titan Company Ltd | 0.63% | |
| Voltas Ltd | 0.45% | |
| Crompton Greaves Consumer Electricals Limited | 0.37% | |
| Greenply Industries Limited | 0.34% | |
| Bata India Limited | 0.26% | |
| Consumer Non Durables | ||
| Asian Paints Ltd | 0.55% | |
| Hindustan Unilever Ltd | 0.43% | |
| ITC Ltd | 0.40% | |
| Emami Limited | 0.37% | |
| Britannia Industries Ltd | 0.29% | |
| Varun Beverages Limited | 0.24% | |
| Ferrous Metals | ||
| Tata Steel Ltd | 1.40% | |
| Jindal Steel & Power Limited | 0.76% | |
| Construction | ||
| DLF Limited | 1.39% | |
| NBCC (India) Limited | 0.41% | |
| Healthcare Services | ||
| Apollo Hospitals Enterprise Limited | 1.07% | |
| Krishna Institute Of Medical Sciences Limited | 0.42% | |
| Fortis Healthcare Limited | 0.28% | |
| Industrial Products | ||
| Bharat Forge Limited | 1.16% | |
| Prince Pipes And Fittings Limited | 0.44% | |
| Transportation | ||
| Adani Ports and Special Economic Zone Limited | 1.50% | |
| Gateway Rail Freight Limited | 0.06% | |
| Container Corporation of India Limited | 0.01% | |
| Gas | ||
| GAIL (India) Limited | 1.03% | |
| Gujarat State Petronet Limited | 0.47% | |
| Chemicals | ||
| Vinati Organics Ltd | 0.41% | |
| Rain Industries Limited | 0.37% | |
| Tatva Chintan Pharma Chem Limited | 0.36% | |
| Chemplast Sanmar Limited | 0.32% | |
| Capital Markets | ||
| Multi Commodity Exchange of India Limited | 1.00% | |
| UTI Asset Management Company Limited | 0.45% | |
| Entertainment | ||
| Sun TV Network Limited | 1.40% | |
| Cement & Cement Products | ||
| Ambuja Cements Limited | 0.95% | |
| Nuvoco Vistas Corporation Limited | 0.36% | |
| Power | ||
| Tata Power Company Limited | 1.01% | |
| Power Grid Corporation of India Ltd | 0.00% | |
| Construction Project | ||
| Larsen & Toubro Ltd | 0.98% | |
| Retailing | ||
| Go Fashion (India) Limited | 0.58% | |
| FSN E-Commerce Ventures Limited | 0.22% | |
| Zomato Limited | 0.16% | |
| Telecom - Services | ||
| Bharti Airtel Ltd | 0.64% | |
| Tata Communications Limited | 0.19% | |
| Auto Ancillaries | ||
| Craftsman Automation Limited | 0.29% | |
| S.J.S. Enterprises Limited | 0.24% | |
| CEAT Limited | 0.15% | |
| Other Services | ||
| Quess Corp Limited | 0.37% | |
| Aerospace & Defense | ||
| Bharat Electronics Ltd | 0.25% | |
| Leisure Services | ||
| Westlife Development Limited | 0.24% | |
| Financial Technology (FINTECH) | ||
| One 97 Communications Limited | 0.15% | |
| Equity Holding Total | 67.57% | |
| Equity Futures | ||
| Container Corporation of India Ltd February 2022 Future | -0.01% | |
| Tata Communications Ltd February 2022 Future | -0.19% | |
| IDFC First Bank Ltd February 2022 Future | -0.20% | |
| SBI Cards and Payment Services Ltd February 2022 Future | -0.28% | |
| Aurobindo Pharma Ltd February 2022 Future | -0.31% | |
| Asian Paints Ltd February 2022 Future | -0.32% | |
| Rain Industries Ltd February 2022 Future | -0.37% | |
| NBCC (India) Ltd February 2022 Future | -0.41% | |
| HDFC Ltd February 2022 Future | -0.41% | |
| Wipro Ltd February 2022 Future | -0.44% | |
| State Bank of India February 2022 Future | -0.46% | |
| HDFC Life Insurance Company Ltd February 2022 Future | -0.46% | |
| Jindal Steel & Power Ltd February 2022 Future | -0.50% | |
| Axis Bank Ltd February 2022 Future | -0.52% | |
| Havells India Ltd February 2022 Future | -0.55% | |
| IDFC Ltd February 2022 Future | -0.60% | |
| Titan Company Ltd February 2022 Future | -0.63% | |
| Cadila Healthcare Ltd February 2022 Future | -0.64% | |
| Apollo Hospitals Enterprise Ltd February 2022 Future | -0.64% | |
| Bajaj Auto Ltd February 2022 Future | -0.69% | |
| ICICI Bank Ltd February 2022 Future | -0.80% | |
| Bharat Forge Ltd February 2022 Future | -0.81% | |
| Tata Consultancy Services Ltd February 2022 Future | -0.82% | |
| Sun Pharmaceutical Industries Ltd February 2022 Future | -0.84% | |
| Mahindra & Mahindra Ltd February 2022 Future | -0.87% | |
| Tata Steel Ltd February 2022 Future | -0.90% | |
| Multi Commodity Exchange of India Ltd February 2022 Future | -1.00% | |
| Tata Power Company Ltd February 2022 Future | -1.01% | |
| GAIL (India) Ltd February 2022 Future | -1.03% | |
| Tech Mahindra Ltd February 2022 Future | -1.06% | |
| Reliance Industries Ltd* | -1.06% | |
| L&T Finance Holdings Ltd February 2022 Future | -1.06% | |
| Bajaj Finance Ltd February 2022 Future | -1.10% | |
| Tata Motors Ltd February 2022 Future | -1.17% | |
| DLF Ltd February 2022 Future | -1.39% | |
| Sun TV Network Ltd February 2022 Future | -1.40% | |
| Adani Ports and Special Economic Zone Ltd February 2022 Future | -1.50% | |
| SBI Life Insurance Company Ltd February 2022 Future | -1.69% | |
| Equity Futures Total | -28.14% | |
| Government Bond | ||
| 5.63% GOI (12/04/2026) | 10.35% | |
| 6.18% GOI (04/11/2024) | 3.20% | |
| 3.96% GOI (09/11/2022) | 1.04% | |
| Government Bond Total | 14.59% | |
| Treasury Bill | ||
| 364 Days Tbill (19/08/2022) | 2.04% | |
| 364 Days Tbill (25/08/2022) | 1.02% | |
| Treasury Bill Total | 3.06% | |
| Corporate Bond | ||
| 8.25% IIFL Finance Ltd (14/10/2023) | 1.04% | |
| Corporate Bond Total | 1.04% | |
| Cash & Other Receivables Total | 41.88% | |
| Total | 100.00% | |
*Includes "Partly Paid Shares"
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 16.17 |
13.34 |
12.96 |
|
| Scheme Benchmark* | 12.74 |
10.90 |
10.63 |
|
| Additional Benchmark** | 0.11 |
6.59 |
6.57 |
|
| NAV as on 31st January, 2022 | 14.637 | |||
| Index Value (31st January, 2022) | Index Value of Scheme benchmark is 4,657.64 and CRISIL 10 Year Gilt Index is 4,055.61 | |||
| Allotment Date | 17th 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-January-2022 |
SI |
370,000 |
466,896 |
3 Yr |
360,000 |
452,554 |
1 Yr |
120,000 |
126,718 |
Returns (%) |
Period |
||
SI |
3yr |
1yr |
|
Fund Return& (%) |
15.24 |
15.42 |
10.52 |
Benchmark Return& (%) |
11.96 |
12.06 |
8.79 |
Add. Benchmark Return& (%) |
3.80 |
3.65 |
-0.70 |
& 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 