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 September 29, 2023 | 703.40 |
| Net AUM (₹ Cr.) |
712.31 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on September 29, 2023 |
Regular Plan: 1.38% Direct Plan: 0.41% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 17.289 | ₹ 16.438 |
| IDCW | ₹ 13.512 | ₹ 12.721 |
| New Position Bought |
| Stock |
| Electrical Equipment |
| Avalon Technologies Limited |
| Finance |
| Cholamandalam Financial Holdings Limited |
| Leisure Services |
| Yatra Online Limited |
| Positions Increased |
| Stock |
| Banks |
| HDFC Bank Limited |
| ICICI Bank Limited |
| State Bank of India |
| Cement & Cement Products |
| Ambuja Cements Limited |
| Insurance |
| SBI Life Insurance Company Limited |
| Retailing |
| Electronics Mart India Limited |
| Positions Decreased |
| Stock |
| Auto Components |
| Sona BLW Precision Forgings Limited |
| Capital Markets |
| KFin Technologies Limited |
| Construction |
| Larsen & Toubro Limited |
| Ferrous Metals |
| Tata Steel Limited |
| IT - Software |
| Tata Consultancy Services Limited |
| Personal Products |
| Emami Limited |
| Petroleum Products |
| Reliance Industries Limited |
Average Maturity |
3.19 Years |
Modified Duration |
2.48 Years |
Macaulay Duration |
2.59 Years |
Annualized Portfolio YTM* |
7.27% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Limited | 4.36% |
| ICICI Bank Limited | 3.42% |
| State Bank of India | 2.41% |
| Axis Bank Limited | 2.27% |
| Bank of Baroda | 0.90% |
| Kotak Mahindra Bank Limited | 0.72% |
| IndusInd Bank Limited | 0.55% |
| The Federal Bank Limited | 0.47% |
| Canara Bank | 0.24% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Limited | 1.90% |
| Aurobindo Pharma Limited | 1.53% |
| Dr. Reddy's Laboratories Limited | 0.93% |
| Cipla Limited | 0.43% |
| Torrent Pharmaceuticals Limited | 0.32% |
| Zydus Lifesciences Limited | 0.30% |
| IT - Software | |
| Infosys Limited | 1.80% |
| Tata Consultancy Services Limited | 1.62% |
| Wipro Limited | 0.63% |
| MphasiS Limited | 0.37% |
| HCL Technologies Limited | 0.34% |
| Automobiles | |
| Tata Motors Limited | 1.65% |
| Maruti Suzuki India Limited | 1.28% |
| Eicher Motors Limited | 0.56% |
| TVS Motor Company Limited | 0.42% |
| Hero MotoCorp Limited | 0.08% |
| Petroleum Products | |
| Reliance Industries Limited | 3.00% |
| Hindustan Petroleum Corporation Limited | 0.61% |
| Cement & Cement Products | |
| Ambuja Cements Limited | 1.44% |
| Grasim Industries Limited | 0.78% |
| UltraTech Cement Limited | 0.39% |
| Dalmia Bharat Limited | 0.14% |
| Insurance | |
| SBI Life Insurance Company Limited | 1.21% |
| ICICI Lombard General Insurance Company Limited | 1.05% |
| Max Financial Services Limited | 0.39% |
| Diversified FMCG | |
| ITC Limited | 1.55% |
| Hindustan Unilever Limited | 0.87% |
| Finance | |
| Shriram Finance Limited | 0.61% |
| Fusion Micro Finance Limited | 0.50% |
| Cholamandalam Financial Holdings Limited | 0.31% |
| Bajaj Finserv Limited | 0.29% |
| LIC Housing Finance Limited | 0.22% |
| SBI Cards and Payment Services Limited | 0.21% |
| Power Finance Corporation Limited | 0.19% |
| Ferrous Metals | |
| Tata Steel Limited | 1.93% |
| Jindal Steel & Power Limited | 0.33% |
| Aerospace & Defense | |
| Hindustan Aeronautics Limited | 0.88% |
| MTAR Technologies Limited | 0.55% |
| Bharat Electronics Limited | 0.28% |
| Ideaforge Technology Limited | 0.16% |
| Electrical Equipment | |
| TD Power Systems Limited | 0.82% |
| ABB India Limited | 0.68% |
| Avalon Technologies Limited | 0.35% |
| Entertainment | |
| Sun TV Network Limited | 1.16% |
| Zee Entertainment Enterprises Limited | 0.66% |
| Telecom - Services | |
| Bharti Airtel Limited | 0.91% |
| Tata Communications Limited | 0.80% |
| Power | |
| NTPC Limited | 1.01% |
| Tata Power Company Limited | 0.62% |
| Auto Components | |
| Samvardhana Motherson International Limited | 0.54% |
| Craftsman Automation Limited | 0.45% |
| Apollo Tyres Limited | 0.38% |
| Sona BLW Precision Forgings Limited | 0.25% |
| Consumer Durables | |
| Kajaria Ceramics Limited | 0.39% |
| Titan Company Limited | 0.25% |
| Havells India Limited | 0.23% |
| Greenply Industries Limited | 0.18% |
| Crompton Greaves Consumer Electricals Limited | 0.18% |
| Construction | |
| Larsen & Toubro Limited | 1.19% |
| Consumable Fuels | |
| Coal India Limited | 1.15% |
| Retailing | |
| Go Fashion (India) Limited | 0.52% |
| Zomato Limited | 0.31% |
| Electronics Mart India Limited | 0.28% |
| Transport Services | |
| InterGlobe Aviation Limited | 0.59% |
| Delhivery Limited | 0.42% |
| Gateway Distriparks Limited | 0.05% |
| Agricultural Food & other Products | |
| Balrampur Chini Mills Limited | 0.78% |
| Fertilizers & Agrochemicals | |
| UPL Limited | 0.61% |
| PI Industries Limited | 0.15% |
| Leisure Services | |
| Yatra Online Limited | 0.41% |
| Westlife Foodworld Limited | 0.26% |
| Realty | |
| DLF Limited | 0.60% |
| Godrej Properties Limited | 0.04% |
| Capital Markets | |
| KFin Technologies Limited | 0.28% |
| Indian Energy Exchange Limited | 0.25% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Limited | 0.48% |
| Food Products | |
| Dodla Dairy Limited | 0.40% |
| Nestle India Limited | 0.05% |
| Britannia Industries Limited | 0.00% |
| Chemicals & Petrochemicals | |
| Vinati Organics Limited | 0.26% |
| Tatva Chintan Pharma Chem Limited | 0.16% |
| Gas | |
| Gujarat State Petronet Limited | 0.40% |
| Non - Ferrous Metals | |
| Hindalco Industries Limited | 0.38% |
| Personal Products | |
| Dabur India Limited | 0.26% |
| Emami Limited | 0.08% |
| Industrial Products | |
| Prince Pipes And Fittings Limited | 0.33% |
| Financial Technology (Fintech) | |
| One 97 Communications Limited | 0.10% |
| Beverages | |
| United Spirits Limited | 0.05% |
| Equity Holding Total | 68.10% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 3.52% |
| 5.63% GOI (12/04/2026) | 3.38% |
| 7.06% GOI (10/04/2028) | 2.79% |
| 6.54% GOI (17/01/2032) | 2.68% |
| 6.18% GOI (04/11/2024) | 2.09% |
| 7.26% GOI (06/02/2033) | 1.40% |
| 7.26% GOI (22/08/2032) | 1.40% |
| Government Bond Total | 17.27% |
| Corporate Bond | |
| 9% Shriram Finance Ltd (24/06/2024) | 1.05% |
| 7.85% Bajaj Housing Finance Ltd (01/09/2028) ** | 1.05% |
| 8.25% IIFL Finance Ltd (14/10/2023) ** | 0.70% |
| 6.92% REC Ltd (20/03/2032) ** | 0.67% |
| Corporate Bond Total | 3.48% |
| Treasury Bill | |
| 364 Days Tbill (12/10/2023) | 0.70% |
| 364 Days Tbill (26/01/2024) | 0.69% |
| 182 Days Tbill (08/02/2024) | 0.68% |
| 182 Days Tbill (16/02/2024) | 0.68% |
| Treasury Bill Total | 2.76% |
| Cash & Other Receivables Total | 8.40% |
| Total | 100.00% |
| Name of the Instrument | % to Net Assets |
| Derivatives | |
| Index / Stock Futures | |
| Godrej Properties Ltd October 2023 Future | (0.04)% |
| United Spirits Ltd October 2023 Future | (0.05)% |
| Hero MotoCorp Ltd October 2023 Future | (0.08)% |
| Dalmia Bharat Ltd October 2023 Future | (0.14)% |
| PI Industries Ltd October 2023 Future | (0.15)% |
| Power Finance Corporation Ltd October 2023 Future | (0.19)% |
| IndusInd Bank Ltd October 2023 Future | (0.27)% |
| NTPC Ltd October 2023 Future | (0.29)% |
| Zydus Lifesciences Ltd October 2023 Future | (0.30)% |
| UltraTech Cement Ltd October 2023 Future | (0.40)% |
| Kotak Mahindra Bank Ltd October 2023 Future | (0.41)% |
| Cipla Ltd October 2023 Future | (0.44)% |
| Hindustan Unilever Ltd October 2023 Future | (0.47)% |
| Eicher Motors Ltd October 2023 Future | (0.56)% |
| DLF Ltd October 2023 Future | (0.61)% |
| Hindustan Petroleum Corporation Ltd October 2023 Future | (0.61)% |
| UPL Ltd October 2023 Future | (0.61)% |
| Tata Power Company Ltd October 2023 Future | (0.63)% |
| Wipro Ltd October 2023 Future | (0.64)% |
| Zee Entertainment Enterprises Ltd October 2023 Future | (0.66)% |
| ABB India Ltd October 2023 Future | (0.68)% |
| Tata Consultancy Services Ltd October 2023 Future | (0.69)% |
| State Bank of India October 2023 Future | (0.72)% |
| Ambuja Cements Ltd October 2023 Future | (0.75)% |
| Maruti Suzuki India Ltd October 2023 Future | (0.75)% |
| Axis Bank Ltd October 2023 Future | (0.75)% |
| ITC Ltd October 2023 Future | (0.76)% |
| Grasim Industries Ltd October 2023 Future | (0.78)% |
| ICICI Lombard General Insurance Company Ltd October 2023 Future | (0.78)% |
| Balrampur Chini Mills Ltd October 2023 Future | (0.79)% |
| Tata Communications Ltd October 2023 Future | (0.80)% |
| SBI Life Insurance Company Ltd October 2023 Future | (0.84)% |
| HDFC Bank Ltd October 2023 Future | (0.85)% |
| Tata Motors Ltd October 2023 Future | (0.86)% |
| Aurobindo Pharma Ltd October 2023 Future | (0.88)% |
| Hindustan Aeronautics Ltd October 2023 Future | (0.88)% |
| Bank of Baroda October 2023 Future | (0.90)% |
| Reliance Industries Ltd October 2023 Future | (0.91)% |
| ICICI Bank Ltd October 2023 Future | (0.93)% |
| Dr. Reddy's Laboratories Ltd October 2023 Future | (0.94)% |
| Sun Pharmaceutical Industries Ltd October 2023 Future | (1.11)% |
| Coal India Ltd October 2023 Future | (1.15)% |
| Sun TV Network Ltd October 2023 Future | (1.16)% |
| Tata Steel Ltd October 2023 Future | (1.36)% |
| Total | (28.58)% |
**Thinly Traded / Non Traded Security
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 11.28% | 12.62% | 10.94% | |
| Scheme Benchmark* | 10.34% | 11.01% | 9.38% | |
| Additional Benchmark** | 8.07% | 3.27% | 5.80% | |
| NAV as on 29th September, 2023 | ₹ 16.438 | |||
| Index Value ( 29th September, 2023) | Index Value of Scheme benchmark is 5,217.38 and CRISIL 10 Year Gilt Index is 4,353.19 |
|||
| 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.
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 29-September-2023 |
SI |
5,70,000 | 7,43,093 |
3 Yrs |
3,60,000 | 4,15,524 |
1 Yr |
1,20,000 | 1,28,144 |
Returns (%) |
Period |
||
SI |
3yrs |
1yr |
|
Fund Return& (%) |
11.14 | 9.57 | 12.94 |
Benchmark Return& (%) |
9.47 | 8.53 | 10.54 |
Add. Benchmark Return& (%) |
4.34 | 4.05 | 6.87 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 5.77% |
| Beta: | 1.02 |
| R Squared | 0.86 |
| Sharpe Ratio#: | 0.98 |
| Information Ratio | 0.74 |
| Portfolio Turnover Ratio | 5.47 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 29th September, 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