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 Febraury 28, 2022 | 484.99 |
| Net AUM (₹ Cr.) |
486.10 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on Febraury 28, 2022 |
Regular Plan: 1.47% 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 | ₹ 14.889 | ₹ 14.379 |
| IDCW | ₹ 13.715 | ₹ 13.217 |
| Volatility | 9.72% |
| Beta: | 1.17 |
| R Squared | 0.93 |
| Sharpe Ratio#: | 0.96 |
| Information Ratio | 0.70 |
| Portfolio Turnover Ratio | 5.34 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 28th February, 2022.^Basis last rolling 12 months. |
|
Weighted Average Maturity |
2.94 Years |
Modified Duration |
2.56 Years |
Macaulay Duration |
2.71 Years |
Yield to Maturity |
5.60% |
| New Position Bought |
| Stock |
| Industrial Products |
| Astral Limited |
| Entertainment |
| Zee Entertainment Enterprises Limited |
| Chemicals |
| Pidilite Industries Limited |
| SRF Limited |
| Finance |
| Cholamandalam Investment and Finance Company Ltd |
| LIC Housing Finance Limited |
| Healthcare Services |
| Metropolis Healthcare Limited |
| Banks |
| Bandhan Bank Limited |
| Non - Ferrous Metals |
| Hindalco Industries Limited |
| Pharmaceuticals |
| Laurus Labs Limited |
| Auto Ancillaries |
| Balkrishna Industries Limited |
| Positions Exited |
| Stock |
| Finance |
| L&T Finance Holdings Limited |
| Capital Markets |
| Multi Commodity Exchange of India Limited |
| Auto |
| Bajaj Auto Limited |
| Software |
| Wipro Limited |
| Other Services |
| Quess Corp Limited |
| Positions Increased |
| Stock |
| Construction Project |
| Larsen & Toubro Limited |
| Capital Markets |
| UTI Asset Management Company Limited |
| Consumer Non Durables |
| Hindustan Unilever Limited |
| Britannia Industries Limited |
| Petroleum Products |
| Hindustan Petroleum Corporation Limited |
| Healthcare Services |
| Krishna Institute Of Medical Sciences Limited |
| Consumer Durables |
| Bata India Limited |
| Auto |
| Ashok Leyland Limited |
| Maruti Suzuki India Limited |
| Insurance |
| Max Financial Services Limited |
| ICICI Lombard General Insurance Company Limited |
| Finance |
| Can Fin Homes Limited |
| Positions Decreased |
| Stock |
| Ferrous Metals |
| Tata Steel Limited |
| Jindal Steel & Power Limited |
| Banks |
| Axis Bank Limited |
| ICICI Bank Limited |
| State Bank of India |
| Insurance |
| HDFC Life Insurance Company Limited |
| SBI Life Insurance Company Limited |
| Industrial Products |
| Bharat Forge Limited |
| Auto |
| Tata Motors Limited |
| Consumer Durables |
| Havells India Limited |
| Software |
| Tata Consultancy Services Limited |
| Healthcare Services |
| Apollo Hospitals Enterprise Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Consumer Non Durables |
| Asian Paints Limited |
| Finance |
| Housing Development Finance Corporation Limited |
| SBI Cards and Payment Services Limited |
| Pharmaceuticals |
| Sun Pharmaceutical Industries Limited |
| Portfolio Holdings | % Allocation | |
| Banks | ||
| ICICI Bank Ltd | 4.49% | |
| HDFC Bank Ltd | 2.76% | |
| State Bank of India | 1.91% | |
| Axis Bank Ltd | 1.78% | |
| Bandhan Bank Limited | 0.37% | |
| The Federal Bank Limited | 0.32% | |
| IDFC First Bank Limited | 0.17% | |
| Kotak Mahindra Bank Ltd | 0.08% | |
| Finance | ||
| Housing Development Finance Corporation Ltd | 1.97% | |
| Bajaj Finance Limited | 1.37% | |
| IDFC Limited | 0.52% | |
| Cholamandalam Investment and Finance Company Limited | 0.49% | |
| SBI Cards and Payment Services Limited | 0.48% | |
| Can Fin Homes Limited | 0.47% | |
| Muthoot Finance Limited | 0.31% | |
| Power Finance Corporation Ltd | 0.16% | |
| Shriram Transport Finance Company Limited | 0.14% | |
| Equitas Holdings Ltd | 0.10% | |
| LIC Housing Finance Limited | 0.01% | |
| Software | ||
| Infosys Ltd | 2.48% | |
| Tata Consultancy Services Ltd | 1.59% | |
| Tech Mahindra Limited | 0.99% | |
| MphasiS Limited | 0.65% | |
| HCL Technologies Limited | 0.22% | |
| Insurance | ||
| SBI Life Insurance Company Limited | 2.02% | |
| HDFC Life Insurance Company Ltd | 1.65% | |
| Max Financial Services Ltd | 0.53% | |
| ICICI Lombard General Insurance Company Limited | 0.38% | |
| Consumer Durables | ||
| Titan Company Ltd | 1.71% | |
| Havells India Ltd | 0.75% | |
| Voltas Ltd | 0.47% | |
| Bata India Limited | 0.47% | |
| Crompton Greaves Consumer Electricals Limited | 0.37% | |
| Greenply Industries Limited | 0.29% | |
| Petroleum Products | ||
| Reliance Industries Ltd | 3.33% | |
| Hindustan Petroleum Corporation Ltd | 0.21% | |
| Bharat Petroleum Corporation Limited | 0.18% | |
| Pharmaceuticals | ||
| Sun Pharmaceutical Industries Ltd | 1.62% | |
| Cadila Healthcare Limited | 0.55% | |
| Torrent Pharmaceuticals Ltd | 0.26% | |
| Natco Pharma Limited | 0.26% | |
| Dr. Reddy's Laboratories Ltd | 0.21% | |
| IPCA Laboratories Limited | 0.20% | |
| Aurobindo Pharma Ltd | 0.18% | |
| Laurus Labs Limited | 0.17% | |
| Auto | ||
| Mahindra & Mahindra Limited | 0.76% | |
| Maruti Suzuki India Ltd | 0.76% | |
| Tata Motors Limited | 0.58% | |
| TVS Motor Company Ltd | 0.40% | |
| Ashok Leyland Limited | 0.31% | |
| Chemicals | ||
| Pidilite Industries Limited | 0.57% | |
| SRF Limited | 0.53% | |
| Vinati Organics Ltd | 0.38% | |
| Rain Industries Limited | 0.31% | |
| Tatva Chintan Pharma Chem Limited | 0.31% | |
| Chemplast Sanmar Limited | 0.27% | |
| Consumer Non Durables | ||
| Hindustan Unilever Ltd | 0.81% | |
| ITC Ltd | 0.38% | |
| Emami Limited | 0.36% | |
| Britannia Industries Ltd | 0.32% | |
| Varun Beverages Limited | 0.24% | |
| Asian Paints Ltd | 0.23% | |
| Entertainment | ||
| Sun TV Network Limited | 1.24% | |
| Zee Entertainment Enterprises Ltd | 1.05% | |
| Healthcare Services | ||
| Apollo Hospitals Enterprise Limited | 1.13% | |
| Metropolis Healthcare Limited | 0.43% | |
| Krishna Institute Of Medical Sciences Limited | 0.39% | |
| Fortis Healthcare Limited | 0.25% | |
| Industrial Products | ||
| Astral Limited | 1.09% | |
| Bharat Forge Limited | 0.51% | |
| Prince Pipes And Fittings Limited | 0.41% | |
| Ferrous Metals | ||
| Tata Steel Ltd | 1.59% | |
| Jindal Steel & Power Limited | 0.28% | |
| Construction | ||
| DLF Limited | 1.23% | |
| NBCC (India) Limited | 0.34% | |
| Transportation | ||
| Adani Ports and Special Economic Zone Limited | 1.46% | |
| Gateway Rail Freight Limited | 0.06% | |
| Container Corporation of India Limited | 0.01% | |
| Gas | ||
| GAIL (India) Limited | 1.02% | |
| Gujarat State Petronet Limited | 0.44% | |
| Construction Project | ||
| Larsen & Toubro Ltd | 1.20% | |
| Cement & Cement Products | ||
| Ambuja Cements Limited | 0.81% | |
| Nuvoco Vistas Corporation Limited | 0.27% | |
| Power | ||
| Tata Power Company Limited | 0.90% | |
| Power Grid Corporation of India Ltd | 0.00% | |
| Retailing | ||
| Go Fashion (India) Limited | 0.54% | |
| FSN E-Commerce Ventures Limited | 0.17% | |
| Zomato Limited | 0.14% | |
| Telecom - Services | ||
| Bharti Airtel Ltd | 0.66% | |
| Tata Communications Limited | 0.18% | |
| Auto Ancillaries | ||
| Craftsman Automation Limited | 0.28% | |
| S.J.S. Enterprises Limited | 0.22% | |
| CEAT Limited | 0.14% | |
| Balkrishna Industries Ltd | 0.04% | |
| Capital Markets | ||
| UTI Asset Management Company Limited | 0.51% | |
| Aerospace & Defense | ||
| Bharat Electronics Ltd | 0.24% | |
| Leisure Services | ||
| Westlife Development Limited | 0.22% | |
| Non - Ferrous Metals | ||
| Hindalco Industries Limited | 0.19% | |
| Financial Technology (FINTECH) | ||
| One 97 Communications Limited | 0.13% | |
| Equity Holding Total | 66.90% | |
| Equity Futures | ||
| Container Corporation of India Ltd March 2022 Future | -0.01% | |
| LIC Housing Finance Ltd March 2022 Future | -0.01% | |
| Bharat Forge Ltd March 2022 Future | -0.02% | |
| Balkrishna Industries Ltd March 2022 Future | -0.04% | |
| Tata Consultancy Services Ltd March 2022 Future | -0.05% | |
| Bharti Airtel Ltd March 2022 Future | -0.07% | |
| TVS Motor Company Ltd March 2022 Future | -0.09% | |
| SBI Cards and Payment Services Ltd March 2022 Future | -0.11% | |
| IDFC First Bank Ltd March 2022 Future | -0.17% | |
| Tata Communications Ltd March 2022 Future | -0.18% | |
| Aurobindo Pharma Ltd March 2022 Future | -0.18% | |
| Hindalco Industries Ltd March 2022 Future | -0.19% | |
| Hindustan Unilever Ltd March 2022 Future | -0.30% | |
| Rain Industries Ltd March 2022 Future | -0.31% | |
| NBCC (India) Ltd March 2022 Future | -0.34% | |
| Bandhan Bank Ltd March 2022 Future | -0.37% | |
| State Bank of India March 2022 Future | -0.40% | |
| Havells India Ltd March 2022 Future | -0.43% | |
| Metropolis Healthcare Ltd March 2022 Future | -0.44% | |
| IDFC Ltd March 2022 Future | -0.52% | |
| SRF Ltd March 2022 Future | -0.53% | |
| Cadila Healthcare Ltd March 2022 Future | -0.55% | |
| Pidilite Industries Ltd March 2022 Future | -0.57% | |
| Apollo Hospitals Enterprise Ltd March 2022 Future | -0.68% | |
| Housing Development Finance Corporation Ltd March 2022 Future | -0.76% | |
| Mahindra & Mahindra Ltd March 2022 Future | -0.77% | |
| Sun Pharmaceutical Industries Ltd March 2022 Future | -0.84% | |
| Tata Power Company Ltd March 2022 Future | -0.90% | |
| Tech Mahindra Ltd March 2022 Future | -0.99% | |
| GAIL (India) Ltd March 2022 Future | -1.00% | |
| Tata Steel Ltd March 2022 Future | -1.02% | |
| Zee Entertainment Enterprises Ltd March 2022 Future | -1.05% | |
| Astral Ltd March 2022 Future | -1.09% | |
| Reliance Industries Ltd* March 2022 Future | -1.11% | |
| DLF Ltd March 2022 Future | -1.23% | |
| Sun TV Network Ltd March 2022 Future | -1.24% | |
| HDFC Life Insurance Company Ltd March 2022 Future | -1.29% | |
| Bajaj Finance Ltd March 2022 Future | -1.37% | |
| SBI Life Insurance Company Ltd March 2022 Future | -1.43% | |
| Adani Ports and Special Economic Zone Ltd March 2022 Future | -1.46% | |
| ICICI Bank Ltd March 2022 Future | -1.62% | |
| Titan Company Ltd March 2022 Future | -1.71% | |
| Equity Futures Total | -27.44% | |
| Government Bond | ||
| 5.63% GOI (12/04/2026) | 10.16% | |
| 6.18% GOI (04/11/2024) | 3.16% | |
| 3.96% GOI (09/11/2022) | 1.03% | |
| Government Bond Total | 14.34% | |
| Treasury Bill | ||
| 364 Days Tbill (19/08/2022) | 2.02% | |
| 364 Days Tbill (25/08/2022) | 1.01% | |
| Treasury Bill Total | 3.03% | |
| Corporate Bond | ||
| 8.25% IIFL Finance Ltd (14/10/2023) | 1.02% | |
| Corporate Bond Total | 1.02% | |
| Cash & Other Receivables Total | 42.14% | |
| Total | 100.00% | |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 9.81% |
12.71% |
12.01% |
|
| Scheme Benchmark* | 9.23% |
10.56% |
10.11% |
|
| Additional Benchmark** | 1.90% |
6.59% |
6.38% |
|
| NAV as on 28th February, 2022 | 14.379 | |||
| Index Value (28th February, 2022) | Index Value of Scheme benchmark is 4,624.27 and CRISIL 10 Year Gilt Index is 4,053.02 | |||
| 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 28-February-2022 |
SI |
380,000 |
468,455 |
3 Yr |
360,000 |
440,068 |
1 Yr |
120,000 |
123,050 |
Returns (%) |
Period |
||
SI |
3yr |
1yr |
|
Fund Return& (%) |
13.34 |
13.53 |
4.79 |
Benchmark Return& (%) |
10.92 |
11.03 |
5.66 |
Add. Benchmark Return& (%) |
3.59 |
3.25 |
-0.86 |
& 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