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 June 30, 2023 | 597.98 |
| Net AUM (₹ Cr.) |
608.62 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on June 30, 2023 |
Regular Plan: 1.41% Direct Plan: 0.45% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 16.720 | ₹ 15.935 |
| IDCW | ₹ 13.068 | ₹ 12.331 |
| New Position Bought |
| Stock |
| Electrical Equipment |
| TD Power Systems Limited |
| Food Products |
| Dodla Dairy Limited |
| Positions Increased |
| Stock |
| Automobiles |
| Tata Motors Limited |
| Banks |
| Kotak Mahindra Bank Limited |
| Finance |
| Housing Development Finance Corporation Limited |
| Shriram Finance Limited |
| Transport Services |
| Delhivery Limited |
| Positions Decreased |
| Stock |
| Auto Components |
| Apollo Tyres Limited |
| Craftsman Automation Limited |
| Automobiles |
| TVS Motor Company Limited |
| Banks |
| Axis Bank Limited |
| HDFC Bank Limited |
| The Federal Bank Limited |
| Consumer Durables |
| Crompton Greaves Consumer Electricals Limited |
| Havells India Limited |
| Finance |
| LIC Housing Finance Limited |
| Food Products |
| Nestle India Limited |
| Insurance |
| Max Financial Services Limited |
| Leisure Services |
| Westlife Foodworld Limited |
| Petroleum Products |
| Reliance Industries Limited |
Average Maturity |
3.68 Years |
Modified Duration |
2.86 Years |
Macaulay Duration |
2.97 Years |
Annualized Portfolio YTM* |
7.20% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Banks | |
| ICICI Bank Ltd | 3.81% |
| State Bank of India | 2.61% |
| Axis Bank Ltd | 1.70% |
| HDFC Bank Ltd | 1.31% |
| Kotak Mahindra Bank Ltd | 1.20% |
| IndusInd Bank Ltd | 0.62% |
| Canara Bank | 0.22% |
| City Union Bank Limited | 0.22% |
| The Federal Bank Limited | 0.16% |
| IT - Software | |
| Infosys Ltd | 2.91% |
| Tata Consultancy Services Ltd | 1.83% |
| Tech Mahindra Limited | 0.94% |
| HCL Technologies Limited | 0.38% |
| MphasiS Limited | 0.35% |
| Finance | |
| Housing Development Finance Corporation Ltd | 3.38% |
| Shriram Finance Limited | 0.65% |
| Fusion Micro Finance Limited | 0.58% |
| Can Fin Homes Limited | 0.57% |
| Bajaj Finserv Limited | 0.34% |
| SBI Cards and Payment Services Limited | 0.27% |
| Power Finance Corporation Ltd | 0.15% |
| LIC Housing Finance Limited | 0.05% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 2.02% |
| Aurobindo Pharma Ltd | 1.29% |
| Dr. Reddy's Laboratories Ltd | 1.01% |
| Torrent Pharmaceuticals Ltd | 0.21% |
| Zydus Lifesciences Limited | 0.17% |
| Automobiles | |
| Tata Motors Limited | 1.83% |
| Mahindra & Mahindra Limited | 0.90% |
| Maruti Suzuki India Ltd | 0.58% |
| TVS Motor Company Ltd | 0.48% |
| Petroleum Products | |
| Reliance Industries Ltd | 3.77% |
| Construction | |
| Larsen & Toubro Ltd | 3.05% |
| Diversified FMCG | |
| ITC Ltd | 1.84% |
| Hindustan Unilever Ltd | 1.11% |
| Consumer Durables | |
| Titan Company Ltd | 1.73% |
| Kajaria Ceramics Ltd | 0.45% |
| Havells India Ltd | 0.25% |
| Greenply Industries Limited | 0.23% |
| Crompton Greaves Consumer Electricals Limited | 0.20% |
| Insurance | |
| ICICI Lombard General Insurance Company Limited | 1.26% |
| HDFC Life Insurance Company Ltd | 0.84% |
| SBI Life Insurance Company Limited | 0.37% |
| Max Financial Services Ltd | 0.37% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.97% |
| Jindal Steel & Power Limited | 0.22% |
| Chemicals & Petrochemicals | |
| Navin Fluorine International Limited | 1.55% |
| Vinati Organics Ltd | 0.30% |
| Tatva Chintan Pharma Chem Limited | 0.22% |
| Entertainment | |
| Sun TV Network Limited | 0.97% |
| Zee Entertainment Enterprises Ltd | 0.79% |
| Cement & Cement Products | |
| Ambuja Cements Limited | 1.38% |
| Auto Components | |
| Apollo Tyres Limited | 0.49% |
| Craftsman Automation Limited | 0.46% |
| Sona BLW Precision Forgings Limited | 0.39% |
| Power | |
| NTPC Ltd | 0.65% |
| Tata Power Company Limited | 0.62% |
| Consumable Fuels | |
| Coal India Ltd | 1.05% |
| Retailing | |
| Go Fashion (India) Limited | 0.54% |
| Zomato Limited | 0.28% |
| Electronics Mart India Limited | 0.17% |
| Electrical Equipment | |
| TD Power Systems Limited | 0.92% |
| Aerospace & Defense | |
| MTAR Technologies Limited | 0.53% |
| Bharat Electronics Ltd | 0.35% |
| Telecom - Services | |
| Bharti Airtel Ltd | 0.83% |
| Fertilizers & Agrochemicals | |
| UPL Limited | 0.79% |
| Realty | |
| DLF Limited | 0.65% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 0.34% |
| KFin Technologies Limited | 0.31% |
| Personal Products | |
| Emami Limited | 0.32% |
| Dabur India Ltd | 0.31% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Limited | 0.57% |
| Transport Services | |
| Delhivery Limited | 0.46% |
| Gateway Distriparks Limited | 0.05% |
| Gas | |
| Gujarat State Petronet Limited | 0.47% |
| Non - Ferrous Metals | |
| Hindalco Industries Limited | 0.38% |
| Industrial Products | |
| Prince Pipes And Fittings Limited | 0.37% |
| Food Products | |
| Dodla Dairy Limited | 0.29% |
| Nestle India Limited | 0.04% |
| Britannia Industries Ltd | 0.00% |
| Leisure Services | |
| Westlife Foodworld Limited | 0.28% |
| Financial Technology (Fintech) | |
| One 97 Communications Limited | 0.11% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.09% |
| Equity Holding Total | 68.73% |
| Equity Futures | |
| Power Finance Corporation Ltd July 2023 Future | -0.15% |
| Zydus Lifesciences Ltd July 2023 Future | -0.17% |
| IndusInd Bank Ltd July 2023 Future | -0.31% |
| Hindustan Unilever Ltd July 2023 Future | -0.60% |
| Tata Power Company Ltd July 2023 Future | -0.62% |
| DLF Ltd July 2023 Future | -0.66% |
| Tata Consultancy Services Ltd July 2023 Future | -0.72% |
| Zee Entertainment Enterprises Ltd July 2023 Future | -0.79% |
| UPL Ltd July 2023 Future | -0.79% |
| State Bank of India July 2023 Future | -0.81% |
| Kotak Mahindra Bank Ltd July 2023 Future | -0.82% |
| Aurobindo Pharma Ltd July 2023 Future | -0.82% |
| HDFC Life Insurance Company Ltd July 2023 Future | -0.84% |
| Reliance Industries Ltd July 2023 Future | -0.84% |
| Ambuja Cements Ltd July 2023 Future | -0.87% |
| Mahindra & Mahindra Ltd July 2023 Future | -0.90% |
| ITC Ltd July 2023 Future | -0.91% |
| Tech Mahindra Ltd July 2023 Future | -0.94% |
| ICICI Lombard General Insurance Company Ltd July 2023 Future | -0.94% |
| Tata Motors Ltd July 2023 Future | -0.95% |
| Infosys Ltd July 2023 Future | -0.95% |
| Sun TV Network Ltd July 2023 Future | -0.98% |
| Dr. Reddy's Laboratories Ltd July 2023 Future | -1.00% |
| Coal India Ltd July 2023 Future | -1.06% |
| ICICI Bank Ltd August 2023 Future | -1.07% |
| HDFC Bank Ltd July 2023 Future | -1.09% |
| Sun Pharmaceutical Industries Ltd July 2023 Future | -1.18% |
| Tata Steel Ltd July 2023 Future | -1.38% |
| Titan Company Ltd July 2023 Future | -1.41% |
| Navin Fluorine International Ltd July 2023 Future | -1.56% |
| Larsen & Toubro Ltd July 2023 Future | -1.79% |
| Equity Futures Total | -27.93% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 4.15% |
| 5.63% GOI (12/04/2026) | 3.96% |
| 5.74% GOI (15/11/2026) | 3.16% |
| 6.54% GOI (17/01/2032) | 3.16% |
| 6.18% GOI (04/11/2024) | 2.44% |
| 7.26% GOI (06/02/2033) | 1.66% |
| 7.26% GOI (22/08/2032) | 1.65% |
| Government Bond Total | 20.18% |
| Corporate Bond | |
| 9% HDFC Ltd (29/11/2028) ** | 1.47% |
| 9% Shriram Finance Ltd (24/06/2024) | 1.24% |
| 8.25% IIFL Finance Ltd (14/10/2023) ** | 0.82% |
| 6.92% REC Ltd (20/03/2032) ** | 0.79% |
| Corporate Bond Total | 4.32% |
| Treasury Bill | |
| 364 Days Tbill (03/08/2023) | 0.82% |
| 364 Days Tbill (17/08/2023) | 0.81% |
| 364 Days Tbill (24/08/2023) | 0.81% |
| 364 Days Tbill (12/10/2023) | 0.81% |
| Treasury Bill Total | 3.25% |
| Cash & Other Receivables Total | 31.45% |
| Total | 100.00% |
**Thinly Traded / Non Traded Security
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 13.27% | 14.17% | 10.82% | |
| Scheme Benchmark* | 12.14% | 11.62% | 9.40% | |
| Additional Benchmark** | 9.28% | 3.10% | 5.98% | |
| NAV as on 30th June, 2023 | ₹ 15.935 | |||
| Index Value ( 30th June, 2023) | Index Value of Scheme benchmark is 5,106.40 and CRISIL 10 Year Gilt Index is 4,325.84 |
|||
| 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
| Period | Total Amount Invested | Mkt Value as on 30-June-2023 |
SI |
5,40,000 | 6,90,871 |
3 Yrs |
3,60,000 | 4,16,362 |
1 Yr |
1,20,000 | 1,27,582 |
Returns (%) |
Period |
||
SI |
3yrs |
1yr |
|
Fund Return& (%) |
10.94 | 9.70 | 12.01 |
Benchmark Return& (%) |
9.52 | 8.92 | 11.11 |
Add. Benchmark Return& (%) |
4.54 | 4.12 | 9.33 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 6.06% |
| Beta: | 1.05 |
| R Squared | 0.85 |
| Sharpe Ratio#: | 1.20 |
| Information Ratio | 1.09 |
| Portfolio Turnover Ratio | 6.02 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 June, 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.
| Regular Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
14-Feb-23 |
1.05 |
10.00 |
12.73 |
| Direct Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
14-Feb-23 |
1.10 |
10.00 |
13.43 |
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 & Direct Plan - IDCW Option