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 May 31, 2023 | 576.58 |
| Net AUM (₹ Cr.) |
586.66 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on May 31, 2023 |
Regular Plan: 1.42% Direct Plan: 0.48% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 16.377 | ₹ 15.621 |
| IDCW | ₹ 12.800 | ₹ 12.088 |
| New Position Bought |
| Stock |
| Banks |
| IndusInd Bank Limited |
| Finance |
| LIC Housing Finance Limited |
| Positions Increased |
| Stock |
| Consumer Durables |
| Crompton Greaves Consumer Electricals Limited |
| Finance |
| Housing Development Finance Corporation Limited |
| Insurance |
| Max Financial Services Limited |
| Positions Decreased |
| Stock |
| Aerospace & Defense |
| Bharat Electronics Limited |
| Auto Components |
| Apollo Tyres Limited |
| Craftsman Automation Limited |
| Sona BLW Precision Forgings Limited |
| Automobiles |
| Maruti Suzuki India Limited |
| Tata Motors Limited |
| Banks |
| Axis Bank Limited |
| HDFC Bank Limited |
| ICICI Bank Limited |
| State Bank of India |
| Consumer Durables |
| Havells India Limited |
| Kajaria Ceramics Limited |
| Finance |
| Fusion Micro Finance Limited |
| SBI Cards and Payment Services Limited |
| Food Products |
| Britannia Industries Limited |
| Nestle India Limited |
| Healthcare Services |
| Krishna Institute Of Medical Sciences Limited |
| Insurance |
| SBI Life Insurance Company Limited |
| Leisure Services |
| Westlife Foodworld Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Pharmaceuticals & Biotechnology |
| Aurobindo Pharma Limited |
| Torrent Pharmaceuticals Limited |
| Retailing |
| Zomato Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Period | Total Amount Invested | Mkt Value as on 31-May-2023 |
SI |
5,30,000 | 6,67,258 |
3 Yr |
3,60,000 | 4,13,203 |
1 Yr |
1,20,000 | 1,26,003 |
Returns (%) |
Period |
||
SI |
3yr |
1yr |
|
Fund Return& (%) |
10.41 | 9.18 | 9.45 |
Benchmark Return& (%) |
9.09 | 8.44 | 9.10 |
Add. Benchmark Return& (%) |
4.82 | 4.45 | 11.41 |
& 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 | |
| ICICI Bank Ltd | 4.02% |
| HDFC Bank Ltd | 3.33% |
| Axis Bank Ltd | 2.61% |
| State Bank of India | 1.90% |
| The Federal Bank Limited | 0.32% |
| Kotak Mahindra Bank Ltd | 0.31% |
| IndusInd Bank Ltd | 0.31% |
| Canara Bank | 0.24% |
| City Union Bank Limited | 0.22% |
| IT - Software | |
| Infosys Ltd | 2.98% |
| Tata Consultancy Services Ltd | 1.89% |
| Tech Mahindra Limited | 0.96% |
| HCL Technologies Limited | 0.38% |
| MphasiS Limited | 0.37% |
| Petroleum Products | |
| Reliance Industries Ltd | 3.84% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 1.94% |
| Dr. Reddy's Laboratories Ltd | 0.94% |
| Aurobindo Pharma Ltd | 0.44% |
| Torrent Pharmaceuticals Ltd | 0.21% |
| Zydus Lifesciences Limited | 0.15% |
| Finance | |
| Housing Development Finance Corporation Ltd | 1.25% |
| Fusion Micro Finance Limited | 0.57% |
| Can Fin Homes Limited | 0.54% |
| Shriram Finance Limited | 0.44% |
| Bajaj Finserv Limited | 0.33% |
| SBI Cards and Payment Services Limited | 0.30% |
| LIC Housing Finance Limited | 0.25% |
| Automobiles | |
| Tata Motors Limited | 1.44% |
| Mahindra & Mahindra Limited | 0.85% |
| Maruti Suzuki India Ltd | 0.58% |
| TVS Motor Company Ltd | 0.57% |
| Diversified FMCG | |
| ITC Ltd | 1.88% |
| Hindustan Unilever Ltd | 1.15% |
| Consumer Durables | |
| Titan Company Ltd | 1.67% |
| Kajaria Ceramics Ltd | 0.48% |
| Crompton Greaves Consumer Electricals Limited | 0.32% |
| Havells India Ltd | 0.31% |
| Greenply Industries Limited | 0.21% |
| Insurance | |
| SBI Life Insurance Company Limited | 1.28% |
| ICICI Lombard General Insurance Company Limited | 1.23% |
| Max Financial Services Ltd | 0.37% |
| Construction | |
| Larsen & Toubro Ltd | 2.82% |
| Cement & Cement Products | |
| Ambuja Cements Limited | 1.42% |
| Grasim Industries Ltd | 0.95% |
| UltraTech Cement Limited | 0.07% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.93% |
| Jindal Steel & Power Limited | 0.21% |
| Entertainment | |
| Sun TV Network Limited | 1.02% |
| Zee Entertainment Enterprises Ltd | 0.90% |
| Auto Components | |
| Apollo Tyres Limited | 0.52% |
| Craftsman Automation Limited | 0.47% |
| Sona BLW Precision Forgings Limited | 0.43% |
| Bosch Limited | 0.36% |
| Power | |
| NTPC Ltd | 1.13% |
| Tata Power Company Limited | 0.61% |
| Chemicals & Petrochemicals | |
| Navin Fluorine International Limited | 0.84% |
| Vinati Organics Ltd | 0.31% |
| Tatva Chintan Pharma Chem Limited | 0.20% |
| Retailing | |
| Go Fashion (India) Limited | 0.53% |
| Zomato Limited | 0.27% |
| Electronics Mart India Limited | 0.15% |
| Food Products | |
| Britannia Industries Ltd | 0.80% |
| Nestle India Limited | 0.10% |
| Aerospace & Defense | |
| MTAR Technologies Limited | 0.54% |
| Bharat Electronics Ltd | 0.32% |
| Telecom - Services | |
| Bharti Airtel Ltd | 0.83% |
| Fertilizers & Agrochemicals | |
| UPL Limited | 0.82% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 0.43% |
| KFin Technologies Limited | 0.29% |
| Realty | |
| DLF Limited | 0.65% |
| Personal Products | |
| Dabur India Ltd | 0.31% |
| Emami Limited | 0.30% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Limited | 0.54% |
| Gas | |
| Gujarat State Petronet Limited | 0.52% |
| Non - Ferrous Metals | |
| Hindalco Industries Limited | 0.38% |
| Industrial Products | |
| Prince Pipes And Fittings Limited | 0.36% |
| Leisure Services | |
| Westlife Foodworld Limited | 0.30% |
| Transport Services | |
| Delhivery Limited | 0.24% |
| Gateway Distriparks Limited | 0.04% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.10% |
| Financial Technology (Fintech) | |
| One 97 Communications Limited | 0.10% |
| Equity Holding Total | 66.51% |
| Equity Futures | |
| UltraTech Cement Ltd June 2023 Future | -0.07% |
| Zydus Lifesciences Ltd June 2023 Future | -0.16% |
| Bosch Ltd June 2023 Future | -0.37% |
| NTPC Ltd June 2023 Future | -0.51% |
| Tata Power Company Ltd June 2023 Future | -0.61% |
| Hindustan Unilever Ltd June 2023 Future | -0.61% |
| DLF Ltd June 2023 Future | -0.66% |
| Tata Consultancy Services Ltd June 2023 Future | -0.75% |
| Britannia Industries Ltd June 2023 Future | -0.80% |
| Larsen & Toubro Ltd July 2023 Future | -0.81% |
| UPL Ltd June 2023 Future | -0.83% |
| Navin Fluorine International Ltd June 2023 Future | -0.84% |
| Reliance Industries Ltd June 2023 Future | -0.85% |
| Larsen & Toubro Ltd June 2023 Future | -0.85% |
| Mahindra & Mahindra Ltd June 2023 Future | -0.85% |
| Tata Motors Ltd June 2023 Future | -0.87% |
| Zee Entertainment Enterprises Ltd June 2023 Future | -0.90% |
| Ambuja Cements Ltd June 2023 Future | -0.90% |
| SBI Life Insurance Company Ltd June 2023 Future | -0.92% |
| ITC Ltd June 2023 Future | -0.93% |
| Axis Bank Ltd June 2023 Future | -0.94% |
| Dr. Reddy's Laboratories Ltd June 2023 Future | -0.95% |
| ICICI Lombard General Insurance Company Ltd June 2023 Future | -0.95% |
| Grasim Industries Ltd June 2023 Future | -0.95% |
| Infosys Ltd June 2023 Future | -0.96% |
| Tech Mahindra Ltd June 2023 Future | -0.97% |
| Sun TV Network Ltd June 2023 Future | -1.03% |
| HDFC Bank Ltd June 2023 Future | -1.08% |
| ICICI Bank Ltd June 2023 Future | -1.13% |
| Sun Pharmaceutical Industries Ltd June 2023 Future | -1.14% |
| Tata Steel Ltd June 2023 Future | -1.36% |
| Titan Company Ltd June 2023 Future | -1.36% |
| Equity Futures Total | -26.90% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 4.33% |
| 5.63% GOI (12/04/2026) | 4.12% |
| 6.54% GOI (17/01/2032) | 3.30% |
| 5.74% GOI (15/11/2026) | 3.29% |
| 6.18% GOI (04/11/2024) | 2.53% |
| 7.26% GOI (06/02/2033) | 1.74% |
| 7.26% GOI (22/08/2032) | 1.73% |
| Government Bond Total | 21.05% |
| Corporate Bond | |
| 9% HDFC Ltd (29/11/2028) ** | 1.53% |
| 9% Shriram Finance Ltd (24/06/2024) ** | 1.28% |
| 8.25% IIFL Finance Ltd (14/10/2023) ** | 0.85% |
| 6.92% REC Ltd (20/03/2032) ** | 0.83% |
| Corporate Bond Total | 4.49% |
| Treasury Bill | |
| 364 Days Tbill (03/08/2023) | 0.84% |
| 364 Days Tbill (17/08/2023) | 0.84% |
| 364 Days Tbill (24/08/2023) | 0.84% |
| 364 Days Tbill (12/10/2023) | 0.83% |
| Treasury Bill Total | 3.35% |
| Cash & Other Receivables Total | 31.50% |
| Total | 100.00% |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 9.31% | 14.98% | 10.53% | |
| Scheme Benchmark* | 8.66% | 12.06% | 9.17% | |
| Additional Benchmark** | 10.04% | 3.16% | 6.15% | |
| NAV as on 31st May, 2023 | ₹ 15.621 | |||
| Index Value ( 31st May, 2023) | Index Value of Scheme benchmark is 5,021.47 and CRISIL 10 Year Gilt Index is 4,336.19 |
|||
| 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 |
4.29 Years |
Modified Duration |
3.33 Years |
Macaulay Duration |
3.47 Years |
Annualized Portfolio YTM* |
7.15% |
*In case of semi annual YTM, it will be annualized.
| Volatility | 6.31% |
| Beta: | 1.07 |
| R Squared | 0.86 |
| Sharpe Ratio#: | 1.36 |
| Information Ratio | 1.21 |
| Portfolio Turnover Ratio | 6.07 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 May, 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