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 January 31, 2023 | 586.83 |
| Net AUM (₹ Cr.) |
581.11 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on January 31, 2023 |
Regular Plan: 1.42% Direct Plan: 0.43% |
| **For experience of Fund Managers Click Here | |
| ^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. | |
| NAV: | Direct | Regular |
| Growth | ₹ 15.710 | ₹ 15.032 |
| IDCW^ | ₹ 13.372 | ₹ 12.677 |
| Volatility | 10.14% |
| Beta: | 1.18 |
| R Squared | 0.93 |
| Sharpe Ratio#: | 0.43 |
| Information Ratio | 0.47 |
| Portfolio Turnover Ratio | 6.43 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 January, 2023.^Basis last rolling 12 months. |
|
Average Maturity |
3.70 Years |
Modified Duration |
3.03 Years |
Macaulay Duration |
3.25 Years |
Annualized Portfolio YTM* |
7.31% |
*In case of semi annual YTM, it will be annualized.
| Record Date | IDCW (₹) | Face Value ( ₹) | Cum Nav ( ₹) |
22-Mar-22 |
1.10 per Unit |
10 |
13.327 |
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
| Portfolio Holdings | % Allocation |
| Banks | |
| Axis Bank Ltd | 3.92% |
| HDFC Bank Ltd | 3.53% |
| ICICI Bank Ltd | 3.46% |
| State Bank of India | 2.77% |
| Bandhan Bank Ltd | 1.20% |
| Kotak Mahindra Bank Ltd | 1.01% |
| IndusInd Bank Ltd | 0.76% |
| The Federal Bank Ltd | 0.23% |
| IT - Software | |
| Infosys Ltd | 3.46% |
| Tata Consultancy Services Ltd | 1.18% |
| HCL Technologies Ltd | 0.38% |
| MphasiS Ltd | 0.36% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 2.08% |
| Dr. Reddy's Laboratories Ltd | 1.29% |
| Biocon Ltd | 0.76% |
| Torrent Pharmaceuticals Ltd | 0.37% |
| Aurobindo Pharma Ltd | 0.35% |
| Laurus Labs Ltd | 0.22% |
| Petroleum Products | |
| Reliance Industries Ltd | 3.63% |
| Hindustan Petroleum Corporation Ltd | 0.37% |
| Consumer Durables | |
| Titan Company Ltd | 1.32% |
| Bata India Ltd | 1.10% |
| Havells India Ltd | 0.59% |
| Kajaria Ceramics Ltd | 0.37% |
| Crompton Greaves Consumer Electricals Ltd | 0.24% |
| Greenply Industries Ltd | 0.19% |
| Asian Paints Ltd | 0.18% |
| Finance | |
| Housing Development Finance Corporation Ltd | 2.06% |
| Shriram Finance Ltd | 0.54% |
| SBI Cards and Payment Services Ltd | 0.47% |
| Can Fin Homes Ltd | 0.43% |
| Fusion Micro Finance Ltd | 0.31% |
| CreditAccess Grameen Ltd | 0.05% |
| Automobiles | |
| TVS Motor Company Ltd | 1.39% |
| Mahindra & Mahindra Ltd | 0.90% |
| Maruti Suzuki India Ltd | 0.76% |
| Tata Motors Ltd | 0.48% |
| Cement & Cement Products | |
| Ambuja Cements Ltd | 1.36% |
| Grasim Industries Ltd | 0.84% |
| Dalmia Bharat Ltd | 0.64% |
| Nuvoco Vistas Corporation Ltd | 0.24% |
| Insurance | |
| SBI Life Insurance Company Ltd | 1.57% |
| ICICI Lombard General Insurance Company Ltd | 0.85% |
| Max Financial Services Ltd | 0.44% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.93% |
| Tata Communications Ltd | 0.82% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.53% |
| Jindal Steel & Power Ltd | 0.33% |
| Power | |
| NTPC Ltd | 1.16% |
| Tata Power Company Ltd | 0.62% |
| Entertainment | |
| Sun TV Network Ltd | 1.07% |
| Zee Entertainment Enterprises Ltd | 0.56% |
| Agricultural, Commercial & Construction Vehicles | |
| Ashok Leyland Ltd | 1.48% |
| Diversified FMCG | |
| Hindustan Unilever Ltd | 0.71% |
| ITC Ltd | 0.68% |
| Auto Components | |
| Apollo Tyres Ltd | 0.55% |
| Craftsman Automation Ltd | 0.37% |
| S.J.S. Enterprises Ltd | 0.23% |
| Sona BLW Precision Forgings Ltd | 0.23% |
| Chemicals & Petrochemicals | |
| Tata Chemicals Ltd | 0.57% |
| Vinati Organics Ltd | 0.31% |
| Tatva Chintan Pharma Chem Ltd | 0.25% |
| Chemplast Sanmar Ltd | 0.21% |
| Construction | |
| Larsen & Toubro Ltd | 1.09% |
| Transport Infrastructure | |
| Adani Ports and Special Economic Zone Ltd | 1.05% |
| Retailing | |
| Go Fashion (India) Ltd | 0.52% |
| Zomato Ltd | 0.34% |
| Electronics Mart India Ltd | 0.17% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 0.39% |
| KFin Technologies Ltd | 0.30% |
| UTI Asset Management Company Ltd | 0.23% |
| Food Products | |
| Nestle India Ltd | 0.73% |
| Britannia Industries Ltd | 0.17% |
| Beverages | |
| United Spirits Ltd | 0.82% |
| Aerospace & Defense | |
| MTAR Technologies Ltd | 0.45% |
| Bharat Electronics Ltd | 0.36% |
| Personal Products | |
| Emami Ltd | 0.35% |
| Dabur India Ltd | 0.32% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Ltd | 0.59% |
| Industrial Products | |
| Prince Pipes And Fittings Ltd | 0.36% |
| Bharat Forge Ltd | 0.17% |
| Gas | |
| Gujarat State Petronet Ltd | 0.47% |
| Agricultural Food & other Products | |
| Tata Consumer Products Ltd | 0.43% |
| Leisure Services | |
| Westlife Foodworld Ltd | 0.42% |
| Non - Ferrous Metals | |
| Hindalco Industries Ltd | 0.35% |
| Transport Services | |
| Delhivery Ltd | 0.21% |
| Gateway Distriparks Ltd | 0.04% |
| Realty | |
| DLF Ltd | 0.25% |
| Industrial Manufacturing | |
| Honeywell Automation India Ltd | 0.24% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.10% |
| Financial Technology (Fintech) | |
| One 97 Communications Ltd | 0.07% |
| Equity Holding Total | 73.27% |
| Equity Futures | |
| Bharat Forge Ltd February 2023 Future | -0.17% |
| Asian Paints Ltd February 2023 Future | -0.18% |
| Hindustan Unilever Ltd February 2023 Future | -0.24% |
| DLF Ltd February 2023 Future | -0.26% |
| Tata Consumer Products Ltd February 2023 Future | -0.43% |
| NTPC Ltd February 2023 Future | -0.54% |
| Zee Entertainment Enterprises Ltd February 2023 Future | -0.57% |
| Tata Chemicals Ltd February 2023 Future | -0.57% |
| ICICI Lombard General Insurance Company Ltd February 2023 Future | -0.58% |
| Tata Power Company Ltd February 2023 Future | -0.62% |
| Dalmia Bharat Ltd February 2023 Future | -0.64% |
| Bata India Ltd February 2023 Future | -0.71% |
| Nestle India Ltd February 2023 Future | -0.74% |
| Kotak Mahindra Bank Ltd February 2023 Future | -0.74% |
| Biocon Ltd February 2023 Future | -0.77% |
| IndusInd Bank Ltd February 2023 Future | -0.77% |
| Reliance Industries Ltd February 2023 Future | -0.82% |
| Tata Communications Ltd February 2023 Future | -0.82% |
| United Spirits Ltd February 2023 Future | -0.83% |
| ICICI Bank Ltd February 2023 Future | -0.84% |
| Grasim Industries Ltd February 2023 Future | -0.85% |
| Housing Development Finance Corporation Ltd February 2023 Future | -0.86% |
| Ambuja Cements Ltd February 2023 Future | -0.86% |
| Bharti Airtel Ltd February 2023 Future | -0.89% |
| TVS Motor Company Ltd February 2023 Future | -0.90% |
| Mahindra & Mahindra Ltd February 2023 Future | -0.90% |
| Infosys Ltd February 2023 Future | -0.91% |
| Tata Steel Ltd February 2023 Future | -0.97% |
| SBI Life Insurance Company Ltd February 2023 Future | -1.00% |
| State Bank of India February 2023 Future | -1.01% |
| Adani Ports and Special Economic Zone Ltd February 2023 Future | -1.06% |
| Sun TV Network Ltd February 2023 Future | -1.08% |
| Titan Company Ltd February 2023 Future | -1.08% |
| HDFC Bank Ltd February 2023 Future | -1.09% |
| Sun Pharmaceutical Industries Ltd February 2023 Future | -1.21% |
| Bandhan Bank Ltd February 2023 Future | -1.21% |
| Dr. Reddy's Laboratories Ltd February 2023 Future | -1.30% |
| Ashok Leyland Ltd February 2023 Future | -1.49% |
| Axis Bank Ltd February 2023 Future | -1.83% |
| Equity Futures Total | -32.36% |
| Government Bond | |
| 5.63% GOI (12/04/2026) | 4.12% |
| 7.38% GOI (20/06/2027) | 3.46% |
| 5.74% GOI (15/11/2026) | 3.28% |
| 6.54% GOI (17/01/2032) | 3.25% |
| 6.18% GOI (04/11/2024) | 2.54% |
| Government Bond Total | 16.66% |
| Treasury Bill | |
| 364 Days Tbill (03/08/2023) | 0.83% |
| 364 Days Tbill (17/08/2023) | 0.83% |
| 364 Days Tbill (24/08/2023) | 0.83% |
| 364 Days Tbill (12/10/2023) | 0.82% |
| Treasury Bill Total | 3.31% |
| Corporate Bond | |
| 8.25% IIFL Finance Ltd (14/10/2023) | 0.86% |
| Corporate Bond Total | 0.86% |
| Cash & Other Receivables Total | 38.26% |
| Total | 100.00% |
| New Position Bought |
| Stock |
| Banks |
| The Federal Bank Limited |
| Textiles & Apparels |
| Page Industries Limited |
| Positions Increased |
| Stock |
| Banks |
| Axis Bank Limited |
| ICICI Bank Limited |
| Kotak Mahindra Bank Limited |
| State Bank of India |
| Consumer Durables |
| Titan Company Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Finance |
| Can Fin Homes Limited |
| Leisure Services |
| Westlife Foodworld Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Pharmaceuticals & Biotechnology |
| Torrent Pharmaceuticals Limited |
| Retailing |
| Zomato Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Positions Decreased |
| Stock |
| Banks |
| HDFC Bank Limited |
| Capital Markets |
| UTI Asset Management Company Limited |
| Ferrous Metals |
| Jindal Steel & Power Limited |
| Petroleum Products |
| Hindustan Petroleum Corporation Limited |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 2.70% |
10.54% |
10.38% |
|
| Scheme Benchmark* | 4.00% |
9.08% |
8.98% |
|
| Additional Benchmark** | 1.98% |
3.67% |
5.44% |
|
| NAV as on 31st January, 2023 | ₹ 15.032 | |||
| Index Value ( 31st January, 2023) | Index Value of Scheme benchmark is 4,843.81 and CRISIL 10 Year Gilt Index is 4,136.01 |
|||
| 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.
| Period | Total Amount Invested | Mkt Value as on 31-January-2023 |
SI |
490,000 |
602,249 |
3 Yr |
360,000 |
415,955 |
1 Yr |
120,000 |
122,677 |
Returns (%) |
Period |
||
SI |
3yr |
1yr |
|
Fund Return& (%) |
10.07 |
9.61 |
4.15 |
Benchmark Return& (%) |
8.69 |
8.50 |
4.76 |
Add. Benchmark Return& (%) |
3.19 |
2.02 |
4.69 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
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.
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