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 July 31, 2023 | 643.10 |
| Net AUM (₹ Cr.) |
671.88 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on July 31, 2023 |
Regular Plan: 1.39% Direct Plan: 0.43% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 17.119 | ₹ 16.303 |
| IDCW | ₹ 13.380 | ₹ 12.616 |
| New Position Bought |
| Stock |
| Aerospace & Defense |
| Ideaforge Technology Limited |
| Auto Components |
| Samvardhana Motherson International Limited |
| Finance |
| Reliance Strategic Investments Limited |
| Positions Increased |
| Stock |
| Banks |
| HDFC Bank Limited |
| The Federal Bank Limited |
| Finance |
| LIC Housing Finance Limited |
| Food Products |
| Dodla Dairy Limited |
| IT - Software |
| Tata Consultancy Services Limited |
| Pharmaceuticals & Biotechnology |
| Aurobindo Pharma Limited |
| Retailing |
| Zomato Limited |
| Positions Decreased |
| Stock |
| Aerospace & Defense |
| Bharat Electronics Limited |
| Auto Components |
| Sona BLW Precision Forgings Limited |
| Automobiles |
| TVS Motor Company Limited |
| Banks |
| City Union Bank Limited |
| Capital Markets |
| Indian Energy Exchange Limited |
| Consumer Durables |
| Titan Company Limited |
| Healthcare Services |
| Krishna Institute Of Medical Sciences Limited |
| Personal Products |
| Emami Limited |
Average Maturity |
3.31 Years |
Modified Duration |
2.57 Years |
Macaulay Duration |
2.67 Years |
Annualized Portfolio YTM* |
7.12% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Banks | |
| ICICI Bank Limited | 3.69% |
| HDFC Bank Limited | 3.20% |
| State Bank of India | 2.56% |
| Axis Bank Limited | 2.21% |
| RBL Bank Limited | 0.75% |
| IndusInd Bank Limited | 0.58% |
| The Federal Bank Limited | 0.46% |
| Kotak Mahindra Bank Limited | 0.35% |
| Canara Bank | 0.23% |
| City Union Bank Limited | 0.01% |
| IT - Software | |
| Infosys Limited | 2.67% |
| Tata Consultancy Services Limited | 1.82% |
| HCL Technologies Limited | 0.98% |
| Tech Mahindra Limited | 0.84% |
| MphasiS Limited | 0.38% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Limited | 1.98% |
| Aurobindo Pharma Limited | 1.46% |
| Dr. Reddy's Laboratories Limited | 1.00% |
| Zydus Lifesciences Limited | 0.32% |
| Torrent Pharmaceuticals Limited | 0.20% |
| Automobiles | |
| Tata Motors Limited | 1.79% |
| Maruti Suzuki India Limited | 1.19% |
| Mahindra & Mahindra Limited | 0.83% |
| TVS Motor Company Limited | 0.40% |
| Petroleum Products | |
| Reliance Industries Limited | 2.66% |
| Hindustan Petroleum Corporation Limited | 0.71% |
| Insurance | |
| SBI Life Insurance Company Limited | 1.21% |
| ICICI Lombard General Insurance Company Limited | 1.18% |
| Max Financial Services Limited | 0.33% |
| Diversified FMCG | |
| ITC Limited | 1.72% |
| Hindustan Unilever Limited | 0.96% |
| Consumer Durables | |
| Titan Company Limited | 1.51% |
| Kajaria Ceramics Limited | 0.47% |
| Havells India Limited | 0.23% |
| Greenply Industries Limited | 0.20% |
| Crompton Greaves Consumer Electricals Limited | 0.18% |
| Finance | |
| Shriram Finance Limited | 0.64% |
| Fusion Micro Finance Limited | 0.63% |
| Bajaj Finserv Limited | 0.32% |
| Reliance Strategic Investments Limited | 0.27% |
| SBI Cards and Payment Services Limited | 0.25% |
| Power Finance Corporation Limited | 0.17% |
| LIC Housing Finance Limited | 0.10% |
| Ferrous Metals | |
| Tata Steel Limited | 1.96% |
| Jindal Steel & Power Limited | 0.23% |
| Cement & Cement Products | |
| Ambuja Cements Limited | 1.36% |
| Grasim Industries Limited | 0.78% |
| Entertainment | |
| Sun TV Network Limited | 1.09% |
| Zee Entertainment Enterprises Limited | 0.97% |
| Aerospace & Defense | |
| Hindustan Aeronautics Limited | 0.96% |
| MTAR Technologies Limited | 0.53% |
| Bharat Electronics Limited | 0.28% |
| Ideaforge Technology Limited | 0.22% |
| Construction | |
| Larsen & Toubro Limited | 1.96% |
| Auto Components | |
| Samvardhana Motherson International Limited | 0.51% |
| Craftsman Automation Limited | 0.48% |
| Apollo Tyres Limited | 0.47% |
| Sona BLW Precision Forgings Limited | 0.36% |
| Power | |
| NTPC Limited | 0.68% |
| Tata Power Company Limited | 0.59% |
| Retailing | |
| Go Fashion (India) Limited | 0.51% |
| Zomato Limited | 0.34% |
| Electronics Mart India Limited | 0.20% |
| Consumable Fuels | |
| Coal India Limited | 0.95% |
| Electrical Equipment | |
| TD Power Systems Limited | 0.88% |
| Telecom - Services | |
| Bharti Airtel Limited | 0.76% |
| Fertilizers & Agrochemicals | |
| UPL Limited | 0.65% |
| Realty | |
| DLF Limited | 0.62% |
| Personal Products | |
| Dabur India Limited | 0.28% |
| Emami Limited | 0.26% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Limited | 0.54% |
| Capital Markets | |
| KFin Technologies Limited | 0.29% |
| Indian Energy Exchange Limited | 0.25% |
| Food Products | |
| Dodla Dairy Limited | 0.47% |
| Nestle India Limited | 0.03% |
| Britannia Industries Limited | 0.00% |
| Transport Services | |
| Delhivery Limited | 0.43% |
| Gateway Distriparks Limited | 0.05% |
| Chemicals & Petrochemicals | |
| Vinati Organics Limited | 0.27% |
| Tatva Chintan Pharma Chem Limited | 0.17% |
| Gas | |
| Gujarat State Petronet Limited | 0.44% |
| Non - Ferrous Metals | |
| Hindalco Industries Limited | 0.38% |
| Industrial Products | |
| Prince Pipes And Fittings Limited | 0.33% |
| Leisure Services | |
| Westlife Foodworld Limited | 0.27% |
| Financial Technology (Fintech) | |
| One 97 Communications Limited | 0.10% |
| Equity Holding Total | 66.59% |
| Equity Futures | |
| Power Finance Corporation Ltd August 2023 Future | -0.17% |
| IndusInd Bank Ltd August 2023 Future | -0.29% |
| Zydus Lifesciences Ltd August 2023 Future | -0.32% |
| Hindustan Unilever Ltd August 2023 Future | -0.52% |
| Tata Power Company Ltd August 2023 Future | -0.60% |
| DLF Ltd August 2023 Future | -0.63% |
| UPL Ltd August 2023 Future | -0.65% |
| Maruti Suzuki India Ltd August 2023 Future | -0.66% |
| HCL Technologies Ltd August 2023 Future | -0.66% |
| Tata Consultancy Services Ltd August 2023 Future | -0.68% |
| Larsen & Toubro Ltd August 2023 Future | -0.71% |
| Hindustan Petroleum Corporation Ltd August 2023 Future | -0.72% |
| Axis Bank Ltd August 2023 Future | -0.73% |
| RBL Bank Ltd August 2023 Future | -0.75% |
| Grasim Industries Ltd August 2023 Future | -0.79% |
| State Bank of India August 2023 Future | -0.79% |
| Mahindra & Mahindra Ltd August 2023 Future | -0.84% |
| Aurobindo Pharma Ltd August 2023 Future | -0.84% |
| Tech Mahindra Ltd August 2023 Future | -0.84% |
| ITC Ltd August 2023 Future | -0.85% |
| Ambuja Cements Ltd August 2023 Future | -0.86% |
| SBI Life Insurance Company Ltd August 2023 Future | -0.88% |
| Infosys Ltd August 2023 Future | -0.88% |
| ICICI Lombard General Insurance Company Ltd August 2023 Future | -0.88% |
| Tata Motors Ltd August 2023 Future | -0.94% |
| Coal India Ltd August 2023 Future | -0.94% |
| Hindustan Aeronautics Ltd August 2023 Future | -0.96% |
| Zee Entertainment Enterprises Ltd August 2023 Future | -0.98% |
| Dr. Reddy's Laboratories Ltd August 2023 Future | -1.00% |
| ICICI Bank Ltd August 2023 Future | -1.03% |
| Sun TV Network Ltd August 2023 Future | -1.09% |
| Sun Pharmaceutical Industries Ltd August 2023 Future | -1.16% |
| Titan Company Ltd August 2023 Future | -1.27% |
| Tata Steel Ltd August 2023 Future | -1.38% |
| Equity Futures Total | -27.30% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 3.75% |
| 5.63% GOI (12/04/2026) | 3.59% |
| 5.74% GOI (15/11/2026) | 2.86% |
| 6.54% GOI (17/01/2032) | 2.85% |
| 6.18% GOI (04/11/2024) | 2.21% |
| 7.26% GOI (06/02/2033) | 1.50% |
| 7.26% GOI (22/08/2032) | 1.49% |
| Government Bond Total | 18.24% |
| Corporate Bond | |
| 9% HDFC Bank Ltd (29/11/2028) ** | 1.33% |
| 9% Shriram Finance Ltd (24/06/2024) ** | 1.12% |
| 8.25% IIFL Finance Ltd (14/10/2023) ** | 0.74% |
| 6.92% REC Ltd (20/03/2032) ** | 0.72% |
| Corporate Bond Total | 3.91% |
| Treasury Bill | |
| 364 Days Tbill (03/08/2023) | 0.74% |
| 364 Days Tbill (17/08/2023) | 0.74% |
| 364 Days Tbill (24/08/2023) | 0.74% |
| 364 Days Tbill (12/10/2023) | 0.73% |
| Treasury Bill Total | 2.96% |
| Cash & Other Receivables Total | 35.59% |
| Total | 100.00% |
**Thinly Traded / Non Traded Security
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 11.04% | 13.44% | 11.15% | |
| Scheme Benchmark* | 10.12% | 11.13% | 9.57% | |
| Additional Benchmark** | 7.89% | 2.89% | 5.90% | |
| NAV as on 31st July, 2023 | ₹ 16.303 | |||
| Index Value ( 31st July, 2023) | Index Value of Scheme benchmark is 5,181.30 and CRISIL 10 Year Gilt Index is 4,333.61 |
|||
| 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 31-July-2023 |
SI |
5,50,000 | 7,17,042 |
3 Yrs |
3,60,000 | 4,21,043 |
1 Yr |
1,20,000 | 1,29,158 |
Returns (%) |
Period |
||
SI |
3yrs |
1yr |
|
Fund Return& (%) |
11.56 | 10.46 | 14.52 |
Benchmark Return& (%) |
9.82 | 9.26 | 12.04 |
Add. Benchmark Return& (%) |
4.46 | 4.08 | 8.22 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 5.81% |
| Beta: | 1.03 |
| R Squared | 0.85 |
| Sharpe Ratio#: | 1.16 |
| Information Ratio | 1.02 |
| Portfolio Turnover Ratio | 5.86 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 July, 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 |
12.730 |
| Direct Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
14-Feb-23 |
1.10 |
10.00 |
13.430 |
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