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 March 31, 2023 | 562.28 |
| Net AUM (₹ Cr.) |
560.91 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on March 31, 2023 |
Regular Plan: 1.43% Direct Plan: 0.49% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 15.664 | ₹ 14.965 |
| IDCW | ₹ 12.243 | ₹ 11.581 |
| New Position Bought |
| Stock |
| Banks |
| Canara Bank |
| Pharmaceuticals & Biotechnology |
| Cipla Limited |
| Positions Increased |
| Stock |
| Aerospace & Defense |
| MTAR Technologies Limited |
| Auto Components |
| Craftsman Automation Limited |
| Sona BLW Precision Forgings Limited |
| Automobiles |
| Maruti Suzuki India Limited |
| Banks |
| State Bank of India |
| The Federal Bank Limited |
| Consumer Durables |
| Kajaria Ceramics Limited |
| Diversified FMCG |
| ITC Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Finance |
| Can Fin Homes Limited |
| Fusion Micro Finance Limited |
| Food Products |
| Nestle India Limited |
| IT - Software |
| Infosys Limited |
| Leisure Services |
| Westlife Foodworld Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Positions Decreased |
| Stock |
| Capital Markets |
| KFin Technologies Limited |
| Pharmaceuticals & Biotechnology |
| Laurus Labs Limited |
| Period | Total Amount Invested | Mkt Value as on 31-March-2023 |
SI |
510,000 |
619,522 |
3 Yr |
360,000 |
406,548 |
1 Yr |
120,000 |
121,533 |
Returns (%) |
Period |
||
SI |
3yr |
1yr |
|
Fund Return& (%) |
9.13 |
8.08 |
2.39 |
Benchmark Return& (%) |
8.19 |
7.66 |
4.09 |
Add. Benchmark Return& (%) |
3.65 |
2.63 |
6.63 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 3.67% |
| ICICI Bank Ltd | 3.51% |
| Axis Bank Ltd | 3.07% |
| State Bank of India | 1.91% |
| Kotak Mahindra Bank Ltd | 1.05% |
| Bandhan Bank Ltd | 1.00% |
| IndusInd Bank Ltd | 0.78% |
| The Federal Bank Ltd | 0.26% |
| City Union Bank Ltd | 0.24% |
| Canara Bank | 0.23% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 2.04% |
| Dr. Reddy's Laboratories Ltd | 1.01% |
| Cipla Ltd | 0.94% |
| Aurobindo Pharma Ltd | 0.46% |
| Torrent Pharmaceuticals Ltd | 0.43% |
| Biocon Ltd | 0.31% |
| Laurus Labs Ltd | 0.20% |
| Finance | |
| Housing Development Finance Corporation Ltd | 2.14% |
| Shriram Finance Ltd | 0.54% |
| Can Fin Homes Ltd | 0.51% |
| SBI Cards and Payment Services Ltd | 0.50% |
| Fusion Micro Finance Ltd | 0.47% |
| Bajaj Finserv Ltd | 0.30% |
| REC Ltd | 0.20% |
| IT - Software | |
| Infosys Ltd | 2.37% |
| Tata Consultancy Services Ltd | 1.17% |
| HCL Technologies Ltd | 0.38% |
| MphasiS Ltd | 0.36% |
| Cement & Cement Products | |
| Grasim Industries Ltd | 2.28% |
| Ambuja Cements Ltd | 1.29% |
| Dalmia Bharat Ltd | 0.33% |
| Nuvoco Vistas Corporation Ltd | 0.23% |
| Petroleum Products | |
| Reliance Industries Ltd | 4.00% |
| Consumer Durables | |
| Titan Company Ltd | 1.43% |
| Havells India Ltd | 0.61% |
| Kajaria Ceramics Ltd | 0.48% |
| Crompton Greaves Consumer Electricals Ltd | 0.22% |
| Greenply Industries Ltd | 0.20% |
| Bata India Ltd | 0.06% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.97% |
| Tata Communications Ltd | 0.85% |
| Automobiles | |
| Maruti Suzuki India Ltd | 0.83% |
| Mahindra & Mahindra Ltd | 0.78% |
| TVS Motor Company Ltd | 0.53% |
| Tata Motors Ltd | 0.52% |
| Entertainment | |
| Zee Entertainment Enterprises Ltd | 1.50% |
| Sun TV Network Ltd | 1.00% |
| Insurance | |
| SBI Life Insurance Company Ltd | 1.45% |
| ICICI Lombard General Insurance Company Ltd | 0.52% |
| Max Financial Services Ltd | 0.35% |
| Power | |
| NTPC Ltd | 1.19% |
| Tata Power Company Ltd | 0.57% |
| Power Grid Corporation of India Ltd | 0.22% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.47% |
| Jindal Steel & Power Ltd | 0.23% |
| Auto Components | |
| Apollo Tyres Ltd | 0.57% |
| Sona BLW Precision Forgings Ltd | 0.47% |
| Craftsman Automation Ltd | 0.46% |
| Diversified FMCG | |
| ITC Ltd | 0.87% |
| Hindustan Unilever Ltd | 0.53% |
| Chemicals & Petrochemicals | |
| Tata Chemicals Ltd | 0.57% |
| Vinati Organics Ltd | 0.32% |
| Tatva Chintan Pharma Chem Ltd | 0.21% |
| Chemplast Sanmar Ltd | 0.17% |
| Non - Ferrous Metals | |
| Hindalco Industries Ltd | 1.24% |
| Construction | |
| Larsen & Toubro Ltd | 1.20% |
| Retailing | |
| Go Fashion (India) Ltd | 0.52% |
| Zomato Ltd | 0.34% |
| Electronics Mart India Ltd | 0.14% |
| Aerospace & Defense | |
| MTAR Technologies Ltd | 0.50% |
| Bharat Electronics Ltd | 0.38% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 0.38% |
| KFin Technologies Ltd | 0.25% |
| Personal Products | |
| Dabur India Ltd | 0.32% |
| Emami Ltd | 0.29% |
| Food Products | |
| Nestle India Ltd | 0.40% |
| Britannia Industries Ltd | 0.17% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Ltd | 0.57% |
| Gas | |
| Gujarat State Petronet Ltd | 0.48% |
| Agricultural Food & other Products | |
| Tata Consumer Products Ltd | 0.43% |
| Leisure Services | |
| Westlife Foodworld Ltd | 0.42% |
| Industrial Products | |
| Prince Pipes And Fittings Ltd | 0.32% |
| Transport Services | |
| Delhivery Ltd | 0.24% |
| Gateway Distriparks Ltd | 0.04% |
| Industrial Manufacturing | |
| Honeywell Automation India Ltd | 0.23% |
| Agricultural, Commercial & Construction Vehicles | |
| Ashok Leyland Ltd | 0.19% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.10% |
| Financial Technology (Fintech) | |
| One 97 Communications Ltd | 0.09% |
| Equity Holding Total | 68.59% |
| Equity Futures | |
| Bata India Ltd April 2023 Future | -0.06% |
| State Bank of India April 2023 Future | -0.07% |
| Ashok Leyland Ltd April 2023 Future | -0.19% |
| REC Ltd April 2023 Future | -0.20% |
| Power Grid Corporation of India Ltd April 2023 Future | -0.22% |
| ICICI Lombard General Insurance Company Ltd April 2023 Future | -0.24% |
| Biocon Ltd April 2023 Future | -0.31% |
| Dalmia Bharat Ltd April 2023 Future | -0.34% |
| Tata Consumer Products Ltd April 2023 Future | -0.44% |
| NTPC Ltd April 2023 Future | -0.54% |
| Tata Power Company Ltd April 2023 Future | -0.58% |
| Tata Chemicals Ltd April 2023 Future | -0.58% |
| ICICI Bank Ltd April 2023 Future | -0.64% |
| Kotak Mahindra Bank Ltd April 2023 Future | -0.77% |
| IndusInd Bank Ltd April 2023 Future | -0.78% |
| Mahindra & Mahindra Ltd April 2023 Future | -0.78% |
| Cipla Ltd April 2023 Future | -0.79% |
| Ambuja Cements Ltd April 2023 Future | -0.81% |
| Reliance Industries Ltd April 2023 Future | -0.83% |
| Hindalco Industries Ltd April 2023 Future | -0.84% |
| Tata Communications Ltd April 2023 Future | -0.86% |
| Tata Steel Ltd April 2023 Future | -0.88% |
| HDFC Ltd April 2023 Future | -0.89% |
| Bharti Airtel Ltd April 2023 Future | -0.89% |
| SBI Life Insurance Company Ltd April 2023 Future | -0.92% |
| Axis Bank Ltd April 2023 Future | -0.92% |
| Bandhan Bank Ltd April 2023 Future | -1.01% |
| Sun TV Network Ltd April 2023 Future | -1.01% |
| Dr. Reddy's Laboratories Ltd April 2023 Future | -1.02% |
| HDFC Bank Ltd April 2023 Future | -1.13% |
| Titan Company Ltd April 2023 Future | -1.15% |
| Sun Pharmaceutical Industries Ltd April 2023 Future | -1.20% |
| Zee Entertainment Enterprises Ltd April 2023 Future | -1.51% |
| Grasim Industries Ltd April 2023 Future | -2.30% |
| Equity Futures Total | -25.68% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 4.49% |
| 5.63% GOI (12/04/2026) | 4.27% |
| 5.74% GOI (15/11/2026) | 3.40% |
| 6.54% GOI (17/01/2032) | 3.38% |
| 6.18% GOI (04/11/2024) | 2.64% |
| 7.26% GOI (22/08/2032) | 1.78% |
| Government Bond Total | 19.96% |
| Treasury Bill | |
| 364 Days Tbill (03/08/2023) | 0.87% |
| 364 Days Tbill (17/08/2023) | 0.87% |
| 364 Days Tbill (24/08/2023) | 0.87% |
| 364 Days Tbill (12/10/2023) | 0.86% |
| Treasury Bill Total | 3.46% |
| Corporate Bond | |
| 8.25% IIFL Finance Ltd (14/10/2023) | 0.89% |
| Corporate Bond Total | 0.89% |
| Cash & Other Receivables Total | 32.77% |
| Total | 100.00% |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 2.58% |
15.49% |
9.86% |
|
| Scheme Benchmark* | 3.52% |
12.89% |
8.70% |
|
| Additional Benchmark** | 3.43% |
2.70% |
5.60% |
|
| NAV as on 31st March, 2023 | ₹ 14.965 | |||
| Index Value ( 31st March, 2023) | Index Value of Scheme benchmark is 4,858.00 and CRISIL 10 Year Gilt Index is 4,198.93 |
|||
| 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.
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
Average Maturity |
3.99 Years |
Modified Duration |
3.17 Years |
Macaulay Duration |
3.40 Years |
Annualized Portfolio YTM* |
7.32% |
*In case of semi annual YTM, it will be annualized.
| Volatility | 7.16% |
| Beta: | 1.08 |
| R Squared | 0.89 |
| Sharpe Ratio#: | 1.08 |
| Information Ratio | 1.04 |
| Portfolio Turnover Ratio | 6.20 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, 2023.^Basis last rolling 12 months. |
|
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.
| Record Date | IDCW (₹) | Face Value ( ₹) | Cum Nav ( ₹) |
22-Mar-22 |
1.10 per Unit |
10 |
13.327 |
14-Feb-23 |
1.05 per Unit |
10 |
12.726 |
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