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 October 31, 2023 | 719.74 |
| Net AUM (₹ Cr.) |
723.98 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on October 31, 2023 |
Regular Plan: 1.36% Direct Plan: 0.37% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 17.140 | ₹ 16.283 |
| IDCW | ₹ 13.396 | ₹ 12.600 |
| New Position Bought |
| Stock |
| Aerospace & Defense |
| Hindustan Aeronautics Limited |
| Agricultural Food & other Products |
| Balrampur Chini Mills Limited |
| Automobiles |
| Hero MotoCorp Limited |
| Mahindra & Mahindra Limited |
| Banks |
| Bank of Baroda |
| Cement & Cement Products |
| Dalmia Bharat Limited |
| Grasim Industries Limited |
| UltraTech Cement Limited |
| Consumable Fuels |
| Coal India Limited |
| Consumer Durables |
| Dixon Technologies (India) Limited |
| Electrical Equipment |
| ABB India Limited |
| Entertainment |
| Sun TV Network Limited |
| Zee Entertainment Enterprises Limited |
| Ferrous Metals |
| JSW Steel Limited |
| Fertilizers & Agrochemicals |
| PI Industries Limited |
| UPL Limited |
| Finance |
| Piramal Enterprises Limited |
| IT - Software |
| Tech Mahindra Limited |
| Wipro Limited |
| Petroleum Products |
| Hindustan Petroleum Corporation Limited |
| Pharmaceuticals & Biotechnology |
| Dr. Reddy's Laboratories Limited |
| Zydus Lifesciences Limited |
| Power |
| Tata Power Company Limited |
| Realty |
| DLF Limited |
| Godrej Properties Limited |
| Telecom - Services |
| Tata Communications Limited |
| Positions Increased |
| Stock |
| Auto Components |
| Samvardhana Motherson International Limited |
| Sona BLW Precision Forgings Limited |
| Automobiles |
| Maruti Suzuki India Limited |
| Tata Motors Limited |
| Banks |
| Axis Bank Limited |
| HDFC Bank Limited |
| ICICI Bank Limited |
| IndusInd Bank Limited |
| Kotak Mahindra Bank Limited |
| State Bank of India |
| Cement & Cement Products |
| Ambuja Cements Limited |
| Construction |
| Larsen & Toubro Limited |
| Consumer Durables |
| Havells India Limited |
| Titan Company Limited |
| Diversified FMCG |
| Hindustan Unilever Limited |
| ITC Limited |
| Electrical Equipment |
| TD Power Systems Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Finance |
| SBI Cards and Payment Services Limited |
| Shriram Finance Limited |
| Insurance |
| ICICI Lombard General Insurance Company Limited |
| SBI Life Insurance Company Limited |
| IT - Software |
| Tata Consultancy Services Limited |
| Leisure Services |
| Westlife Foodworld Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Pharmaceuticals & Biotechnology |
| Aurobindo Pharma Limited |
| Sun Pharmaceutical Industries Limited |
| Power |
| NTPC Limited |
| Retailing |
| Go Fashion (India) Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Positions Decreased |
| Stock |
| IT - Software |
| MphasiS Limited |
Average Maturity |
2.66 Years |
Modified Duration |
2.07 Years |
Macaulay Duration |
2.16 Years |
Annualized Portfolio YTM* |
7.23% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Limited | 4.15% |
| ICICI Bank Limited | 3.39% |
| Axis Bank Limited | 2.18% |
| State Bank of India | 1.81% |
| Bank of Baroda | 0.81% |
| Kotak Mahindra Bank Limited | 0.71% |
| IndusInd Bank Limited | 0.70% |
| The Federal Bank Limited | 0.45% |
| Canara Bank | 0.24% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Limited | 1.71% |
| Aurobindo Pharma Limited | 1.40% |
| Dr. Reddy's Laboratories Limited | 0.88% |
| Torrent Pharmaceuticals Limited | 0.31% |
| Zydus Lifesciences Limited | 0.27% |
| Automobiles | |
| Tata Motors Limited | 1.55% |
| Maruti Suzuki India Limited | 1.24% |
| Mahindra & Mahindra Limited | 0.66% |
| Hero MotoCorp Limited | 0.54% |
| TVS Motor Company Limited | 0.43% |
| IT - Software | |
| Infosys Limited | 1.69% |
| Tata Consultancy Services Limited | 1.52% |
| HCL Technologies Limited | 0.34% |
| MphasiS Limited | 0.26% |
| Wipro Limited | 0.25% |
| Tech Mahindra Limited | 0.10% |
| Petroleum Products | |
| Reliance Industries Limited | 2.88% |
| Hindustan Petroleum Corporation Limited | 0.58% |
| Consumer Durables | |
| Titan Company Limited | 1.53% |
| Dixon Technologies (India) Limited | 0.73% |
| Kajaria Ceramics Limited | 0.37% |
| Havells India Limited | 0.25% |
| Greenply Industries Limited | 0.18% |
| Crompton Greaves Consumer Electricals Limited | 0.16% |
| Cement & Cement Products | |
| Ambuja Cements Limited | 1.42% |
| Grasim Industries Limited | 0.74% |
| UltraTech Cement Limited | 0.54% |
| Dalmia Bharat Limited | 0.12% |
| Insurance | |
| SBI Life Insurance Company Limited | 1.24% |
| ICICI Lombard General Insurance Company Limited | 1.08% |
| Max Financial Services Limited | 0.38% |
| Finance | |
| Shriram Finance Limited | 0.76% |
| Fusion Micro Finance Limited | 0.48% |
| SBI Cards and Payment Services Limited | 0.33% |
| Cholamandalam Financial Holdings Limited | 0.30% |
| Bajaj Finserv Limited | 0.29% |
| Piramal Enterprises Limited | 0.23% |
| LIC Housing Finance Limited | 0.21% |
| Telecom - Services | |
| Bharti Airtel Limited | 1.54% |
| Tata Communications Limited | 1.02% |
| Ferrous Metals | |
| Tata Steel Limited | 1.75% |
| JSW Steel Limited | 0.40% |
| Jindal Steel & Power Limited | 0.29% |
| Diversified FMCG | |
| ITC Limited | 1.47% |
| Hindustan Unilever Limited | 0.86% |
| Entertainment | |
| Sun TV Network Limited | 1.18% |
| Zee Entertainment Enterprises Limited | 0.63% |
| Electrical Equipment | |
| TD Power Systems Limited | 0.79% |
| ABB India Limited | 0.67% |
| Avalon Technologies Limited | 0.31% |
| Aerospace & Defense | |
| Hindustan Aeronautics Limited | 0.82% |
| MTAR Technologies Limited | 0.52% |
| Bharat Electronics Limited | 0.26% |
| Ideaforge Technology Limited | 0.14% |
| Auto Components | |
| Samvardhana Motherson International Limited | 0.65% |
| Craftsman Automation Limited | 0.47% |
| Sona BLW Precision Forgings Limited | 0.23% |
| Retailing | |
| Go Fashion (India) Limited | 0.60% |
| Electronics Mart India Limited | 0.38% |
| Zomato Limited | 0.32% |
| Power | |
| NTPC Limited | 0.72% |
| Tata Power Company Limited | 0.56% |
| Consumable Fuels | |
| Coal India Limited | 1.20% |
| Construction | |
| Larsen & Toubro Limited | 1.20% |
| Transport Services | |
| InterGlobe Aviation Limited | 0.60% |
| Delhivery Limited | 0.42% |
| Gateway Distriparks Limited | 0.05% |
| Agricultural Food & other Products | |
| Balrampur Chini Mills Limited | 0.73% |
| Realty | |
| DLF Limited | 0.63% |
| Godrej Properties Limited | 0.04% |
| Fertilizers & Agrochemicals | |
| UPL Limited | 0.52% |
| PI Industries Limited | 0.14% |
| Leisure Services | |
| Yatra Online Limited | 0.37% |
| Westlife Foodworld Limited | 0.26% |
| Capital Markets | |
| KFin Technologies Limited | 0.27% |
| Indian Energy Exchange Limited | 0.23% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Limited | 0.45% |
| Food Products | |
| Dodla Dairy Limited | 0.39% |
| Nestle India Limited | 0.05% |
| Britannia Industries Limited | 0.00% |
| Chemicals & Petrochemicals | |
| Vinati Organics Limited | 0.24% |
| Tatva Chintan Pharma Chem Limited | 0.15% |
| Gas | |
| Gujarat State Petronet Limited | 0.38% |
| Non - Ferrous Metals | |
| Hindalco Industries Limited | 0.35% |
| Personal Products | |
| Dabur India Limited | 0.24% |
| Emami Limited | 0.08% |
| Industrial Products | |
| Prince Pipes And Fittings Limited | 0.29% |
| Financial Technology (Fintech) | |
| One 97 Communications Limited | 0.10% |
| Equity Holding Total | 68.38% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 3.46% |
| 5.63% GOI (12/04/2026) | 3.32% |
| 7.06% GOI (10/04/2028) | 2.73% |
| 6.54% GOI (17/01/2032) | 2.62% |
| 6.18% GOI (04/11/2024) | 2.05% |
| 7.26% GOI (06/02/2033) | 1.37% |
| 7.26% GOI (22/08/2032) | 1.37% |
| Government Bond Total | 16.92% |
| Corporate Bond | |
| 9% Shriram Finance Ltd (24/06/2024) ** | 1.04% |
| 7.85% Bajaj Housing Finance Ltd (01/09/2028) ** | 1.03% |
| 6.92% REC Ltd (20/03/2032) ** | 0.66% |
| Corporate Bond Total | 2.73% |
| Treasury Bill | |
| 364 Days Tbill (26/01/2024) | 0.68% |
| 182 Days Tbill (08/02/2024) | 0.68% |
| 182 Days Tbill (16/02/2024) | 0.68% |
| Treasury Bill Total | 2.03% |
| Cash & Other Receivables Total | 9.94% |
| Total | 100.00% |
| Name of the Instrument | % to Net Assets |
| Derivatives | |
| Index / Stock Futures | |
| Godrej Properties Ltd | (0.04)% |
| Tech Mahindra Ltd | (0.10)% |
| Dalmia Bharat Ltd | (0.12)% |
| PI Industries Ltd | (0.14)% |
| Piramal Enterprises Ltd | (0.23)% |
| Wipro Ltd | (0.25)% |
| IndusInd Bank Ltd | (0.27)% |
| Zydus Lifesciences Ltd | (0.27)% |
| UltraTech Cement Ltd | (0.40)% |
| JSW Steel Ltd | (0.40)% |
| Kotak Mahindra Bank Ltd | (0.41)% |
| Hindustan Unilever Ltd | (0.46)% |
| UPL Ltd | (0.53)% |
| Hero MotoCorp Ltd | (0.54)% |
| Tata Power Company Ltd | (0.56)% |
| Hindustan Petroleum Corporation Ltd | (0.59)% |
| DLF Ltd | (0.63)% |
| Zee Entertainment Enterprises Ltd | (0.64)% |
| Tata Consultancy Services Ltd | (0.66)% |
| Bharti Airtel Ltd | (0.66)% |
| Mahindra & Mahindra Ltd | (0.67)% |
| ABB India Ltd | (0.67)% |
| Axis Bank Ltd | (0.71)% |
| Maruti Suzuki India Ltd | (0.72)% |
| ITC Ltd | (0.72)% |
| Ambuja Cements Ltd | (0.73)% |
| Balrampur Chini Mills Ltd | (0.73)% |
| Dixon Technologies (India) Ltd | (0.74)% |
| Grasim Industries Ltd | (0.75)% |
| Aurobindo Pharma Ltd | (0.80)% |
| ICICI Lombard General Insurance Company Ltd | (0.81)% |
| HDFC Bank Ltd | (0.81)% |
| Bank of Baroda | (0.81)% |
| Hindustan Aeronautics Ltd | (0.82)% |
| Tata Motors Ltd | (0.85)% |
| SBI Life Insurance Company Ltd | (0.87)% |
| Reliance Industries Ltd | (0.87)% |
| ICICI Bank Ltd | (0.88)% |
| Dr. Reddy's Laboratories Ltd | (0.89)% |
| Sun Pharmaceutical Industries Ltd | (1.02)% |
| Tata Communications Ltd | (1.03)% |
| Sun TV Network Ltd | (1.19)% |
| Coal India Ltd | (1.21)% |
| Tata Steel Ltd | (1.23)% |
| Titan Company Ltd | (1.33)% |
| Total | (29.77)% |
**Thinly Traded / Non Traded Security
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 8.37% | 11.70% | 10.53% | |
| Scheme Benchmark* | 7.38% | 10.15% | 9.07% | |
| Additional Benchmark** | 7.44% | 2.65% | 5.61% | |
| NAV as on 31st October, 2023 | ₹ 16.283 | |||
| Index Value ( 31st October, 2023) | Index Value of Scheme benchmark is 5,185.78 and CRISIL 10 Year Gilt Index is 4,337.82 |
|||
| 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 31-October-2023 |
SI |
5,80,000 | 7,45,993 |
3 Yrs |
3,60,000 | 4,07,499 |
1 Yr |
1,20,000 | 1,25,767 |
Returns (%) |
Period |
||
SI |
3yrs |
1yr |
|
Fund Return& (%) |
10.36 | 8.22 | 9.04 |
Benchmark Return& (%) |
8.89 | 7.50 | 7.55 |
Add. Benchmark Return& (%) |
4.05 | 3.64 | 4.80 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 5.87% |
| Beta: | 1.03 |
| R Squared | 0.86 |
| Sharpe Ratio#: | 0.83 |
| Information Ratio | 0.71 |
| Portfolio Turnover Ratio | 5.28 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 October, 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