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 November 30, 2023 | 777.10 |
| Net AUM (₹ Cr.) |
798.56 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on November 30, 2023 |
Regular Plan: 1.33% Direct Plan: 0.34% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 17.731 | ₹ 16.830 |
| IDCW | ₹ 13.858 | ₹ 13.024 |
| New Position Bought |
| Stock |
| Automobiles |
| Eicher Motors Limited |
| Banks |
| RBL Bank Limited |
| Finance |
| IDFC Limited |
| IT - Services |
| Tata Technologies Ltd |
| Non - Ferrous Metals |
| National Aluminium Company Limited |
| Oil |
| Oil & Natural Gas Corporation Limited |
| Transport Infrastructure |
| Adani Ports and Special Economic Zone Limited |
| Positions Increased |
| Stock |
| Banks |
| HDFC Bank Limited |
| ICICI Bank Limited |
| State Bank of India |
| Cement & Cement Products |
| UltraTech Cement Limited |
| Construction |
| Larsen & Toubro Limited |
| Diversified FMCG |
| Hindustan Unilever Limited |
| Finance |
| LIC Housing Finance Limited |
| Gas |
| Gujarat State Petronet Limited |
| IT - Software |
| Infosys Limited |
| Tata Consultancy Services Limited |
| Tech Mahindra Limited |
| Positions Decreased |
| Stock |
| Automobiles |
| Tata Motors Limited |
| Banks |
| IndusInd Bank Limited |
| Capital Markets |
| KFin Technologies Limited |
| Consumable Fuels |
| Coal India Limited |
| Healthcare Services |
| Krishna Institute Of Medical Sciences Limited |
| Insurance |
| ICICI Lombard General Insurance Company Limited |
Average Maturity |
3.01 Years |
Modified Duration |
2.34 Years |
Macaulay Duration |
2.44 Years |
Annualized Portfolio YTM* |
7.25% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Limited | 4.03% |
| ICICI Bank Limited | 3.29% |
| State Bank of India | 2.26% |
| Axis Bank Limited | 2.16% |
| Bank of Baroda | 0.74% |
| Kotak Mahindra Bank Limited | 0.65% |
| The Federal Bank Limited | 0.42% |
| IndusInd Bank Limited | 0.39% |
| RBL Bank Limited | 0.28% |
| Canara Bank | 0.23% |
| IT - Software | |
| Infosys Limited | 2.30% |
| Tata Consultancy Services Limited | 1.77% |
| Tech Mahindra Limited | 0.79% |
| HCL Technologies Limited | 0.33% |
| MphasiS Limited | 0.26% |
| Wipro Limited | 0.25% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Limited | 1.74% |
| Aurobindo Pharma Limited | 1.56% |
| Dr. Reddy's Laboratories Limited | 0.86% |
| Torrent Pharmaceuticals Limited | 0.31% |
| Zydus Lifesciences Limited | 0.27% |
| Automobiles | |
| Tata Motors Limited | 1.53% |
| Maruti Suzuki India Limited | 1.14% |
| Hero MotoCorp Limited | 0.60% |
| TVS Motor Company Limited | 0.46% |
| Eicher Motors Limited | 0.19% |
| Petroleum Products | |
| Reliance Industries Limited | 2.71% |
| Hindustan Petroleum Corporation Limited | 0.74% |
| Consumer Durables | |
| Titan Company Limited | 1.52% |
| Dixon Technologies (India) Limited | 0.72% |
| Kajaria Ceramics Limited | 0.35% |
| Havells India Limited | 0.24% |
| Greenply Industries Limited | 0.20% |
| Crompton Greaves Consumer Electricals Limited | 0.15% |
| Cement & Cement Products | |
| Ambuja Cements Limited | 1.33% |
| UltraTech Cement Limited | 0.75% |
| Grasim Industries Limited | 0.72% |
| Dalmia Bharat Limited | 0.11% |
| Finance | |
| Shriram Finance Limited | 0.73% |
| Fusion Micro Finance Limited | 0.42% |
| SBI Cards and Payment Services Limited | 0.29% |
| Bajaj Finserv Limited | 0.28% |
| LIC Housing Finance Limited | 0.26% |
| Cholamandalam Financial Holdings Limited | 0.24% |
| IDFC Limited | 0.24% |
| Piramal Enterprises Limited | 0.20% |
| Diversified FMCG | |
| ITC Limited | 1.35% |
| Hindustan Unilever Limited | 1.12% |
| Insurance | |
| SBI Life Insurance Company Limited | 1.18% |
| ICICI Lombard General Insurance Company Limited | 0.89% |
| Max Financial Services Limited | 0.39% |
| Ferrous Metals | |
| Tata Steel Limited | 1.71% |
| JSW Steel Limited | 0.39% |
| Jindal Steel & Power Limited | 0.28% |
| Construction | |
| Larsen & Toubro Limited | 1.91% |
| Aerospace & Defense | |
| Hindustan Aeronautics Limited | 0.97% |
| MTAR Technologies Limited | 0.43% |
| Bharat Electronics Limited | 0.26% |
| Ideaforge Technology Limited | 0.13% |
| Electrical Equipment | |
| TD Power Systems Limited | 0.82% |
| ABB India Limited | 0.65% |
| Avalon Technologies Limited | 0.28% |
| Entertainment | |
| Sun TV Network Limited | 1.14% |
| Zee Entertainment Enterprises Limited | 0.56% |
| Telecom - Services | |
| Bharti Airtel Limited | 1.55% |
| Retailing | |
| Go Fashion (India) Limited | 0.58% |
| Electronics Mart India Limited | 0.41% |
| Zomato Limited | 0.33% |
| IT - Services | |
| Tata Technologies Ltd | 1.31% |
| Power | |
| NTPC Limited | 0.72% |
| Tata Power Company Limited | 0.57% |
| Auto Components | |
| Samvardhana Motherson International Limited | 0.59% |
| Craftsman Automation Limited | 0.44% |
| Sona BLW Precision Forgings Limited | 0.21% |
| Consumable Fuels | |
| Coal India Limited | 1.18% |
| Transport Services | |
| InterGlobe Aviation Limited | 0.60% |
| Delhivery Limited | 0.36% |
| Gateway Distriparks Limited | 0.05% |
| Agricultural Food & other Products | |
| Balrampur Chini Mills Limited | 0.76% |
| Realty | |
| DLF Limited | 0.63% |
| Godrej Properties Limited | 0.04% |
| Fertilizers & Agrochemicals | |
| UPL Limited | 0.50% |
| PI Industries Limited | 0.14% |
| Transport Infrastructure | |
| Adani Ports and Special Economic Zone Limited | 0.64% |
| Non - Ferrous Metals | |
| Hindalco Industries Limited | 0.36% |
| National Aluminium Company Limited | 0.28% |
| Leisure Services | |
| Yatra Online Limited | 0.36% |
| Westlife Foodworld Limited | 0.27% |
| Capital Markets | |
| KFin Technologies Limited | 0.25% |
| Indian Energy Exchange Limited | 0.24% |
| Gas | |
| Gujarat State Petronet Limited | 0.42% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Limited | 0.37% |
| Chemicals & Petrochemicals | |
| Vinati Organics Limited | 0.21% |
| Tatva Chintan Pharma Chem Limited | 0.13% |
| Personal Products | |
| Dabur India Limited | 0.22% |
| Emami Limited | 0.07% |
| Industrial Products | |
| Prince Pipes and Fittings Limited | 0.29% |
| Oil | |
| Oil & Natural Gas Corporation Limited | 0.29% |
| Financial Technology (Fintech) | |
| One 97 Communications Limited | 0.09% |
| Food Products | |
| Nestle India Limited | 0.05% |
| Britannia Industries Limited | 0.00% |
| Equity Holding Total | 70.98% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 3.14% |
| 5.63% GOI (12/04/2026) | 3.02% |
| 7.06% GOI (10/04/2028) | 2.49% |
| 6.54% GOI (17/01/2032) | 2.38% |
| 6.18% GOI (04/11/2024) | 1.86% |
| 7.26% GOI (22/08/2032) | 1.25% |
| 7.26% GOI (06/02/2033) | 1.25% |
| Government Bond Total | 15.39% |
| Corporate Bond | |
| 9.0% Shriram Fin Ltd (24/06/2024)** | 0.94% |
| 7.85% Bajaj Hsg Fin Ltd (01/09/2028)** | 0.93% |
| 6.92% REC Ltd (20/03/2032)** | 0.60% |
| Corporate Bond Total | 2.47% |
| Treasury Bill | |
| 182 Days Tbill (08/02/2024) | 0.62% |
| 364 Days Tbill (26/01/2024) | 0.62% |
| 182 Days Tbill (16/02/2024) | 0.62% |
| Treasury Bill Total | 1.86% |
| Cash & Other Receivables Total | 9.30% |
| Total | 100.00% |
| Name of the Instrument | % to Net Assets |
| Derivatives | |
| Index / Stock Futures | |
| Canara Bank | (0.01)% |
| Hero MotoCorp Ltd | (0.07)% |
| Container Corporation of India Ltd | (0.07)% |
| Navin Fluorine International Ltd | (0.08)% |
| Adani Ports and Special Economic Zone Ltd | (0.08)% |
| LIC Housing Finance Ltd | (0.09)% |
| RBL Bank Ltd | (0.09)% |
| ACC Ltd | (0.10)% |
| United Spirits Ltd | (0.13)% |
| Tata Consumer Products Ltd | (0.14)% |
| Sun TV Network Ltd | (0.15)% |
| The Federal Bank Ltd | (0.18)% |
| Cholamandalam Investment and Finance Company Ltd | (0.24)% |
| Dr. Reddy's Laboratories Ltd | (0.27)% |
| Aurobindo Pharma Ltd | (0.29)% |
| Zee Entertainment Enterprises Ltd | (0.29)% |
| Biocon Ltd | (0.30)% |
| Tech Mahindra Ltd | (0.30)% |
| Torrent Pharmaceuticals Ltd | (0.31)% |
| ITC Ltd | (0.32)% |
| Balrampur Chini Mills Ltd | (0.32)% |
| Reliance Industries Ltd | (0.35)% |
| DLF Ltd | (0.36)% |
| Tata Consultancy Services Ltd | (0.38)% |
| Titan Company Ltd | (0.38)% |
| Bandhan Bank Ltd | (0.38)% |
| Deepak Nitrite Ltd | (0.38)% |
| Hindustan Unilever Ltd | (0.39)% |
| Larsen & Toubro Ltd | (0.40)% |
| Tata Steel Ltd | (0.41)% |
| Grasim Industries Ltd | (0.41)% |
| Infosys Ltd | (0.43)% |
| SBI Life Insurance Company Ltd | (0.43)% |
| JSW Steel Ltd | (0.43)% |
| HDFC Bank Ltd | (0.43)% |
| Ambuja Cements Ltd | (0.44)% |
| Tata Motors Ltd | (0.45)% |
| Hindalco Industries Ltd | (0.46)% |
| Steel Authority of India Ltd | (0.48)% |
| Sun Pharmaceutical Industries Ltd | (0.50)% |
| Jindal Steel & Power Ltd | (0.50)% |
| ICICI Bank Ltd | (0.52)% |
| PI Industries Ltd | (0.58)% |
| Kotak Mahindra Bank Ltd | (0.62)% |
| Coal India Ltd | (0.81)% |
| Bharti Airtel Ltd | (0.82)% |
| Maruti Suzuki India Ltd | (0.94)% |
| Total | (16.53)% |
**Thinly Traded / Non Traded Security
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 10.08% | 11.24% | 11.08% | |
| Scheme Benchmark* | 7.89% | 9.45% | 9.41% | |
| Additional Benchmark** | 6.77% | 2.93% | 5.75% | |
| NAV as on 30th November, 2023 | ₹ 16.830 | |||
| Index Value ( 30th November, 2023) | Index Value of Scheme benchmark is 5,304.47 and CRISIL 10 Year Gilt Index is 4,385.09 |
|||
| 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.
Latest available NAV has been taken for return calculation wherever applicable
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-November-2023 |
SI |
5,90,000 | 7,81,409 |
3 Yrs |
3,60,000 | 4,17,166 |
1 Yr |
1,20,000 | 1,29,175 |
Returns (%) |
Period |
||
SI |
3yr |
1yr |
|
Fund Return& (%) |
11.39 | 9.82 | 14.52 |
Benchmark Return& (%) |
9.53 | 8.47 | 10.98 |
Add. Benchmark Return& (%) |
4.35 | 4.22 | 5.80 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 5.63% |
| Beta: | 1.05 |
| R Squared | 0.85 |
| Sharpe Ratio#: | 0.77 |
| Information Ratio | 0.80 |
| Portfolio Turnover Ratio | 5.18 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 November, 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