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 August 31, 2023 | 681.57 |
| Net AUM (₹ Cr.) |
690.23 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on August 31, 2023 |
Regular Plan: 1.38% Direct Plan: 0.42% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 17.155 | ₹ 16.323 |
| IDCW | ₹ 13.408 | ₹ 12.632 |
| New Position Bought |
| Stock |
| Transport Services |
| InterGlobe Aviation Limited |
| Positions Increased |
| Stock |
| Auto Components |
| Samvardhana Motherson International Limited |
| Banks |
| HDFC Bank Limited |
| State Bank of India |
| Ferrous Metals |
| Jindal Steel & Power Limited |
| Finance |
| LIC Housing Finance Limited |
| Food Products |
| Nestle India Limited |
| Insurance |
| Max Financial Services Limited |
| Pharmaceuticals & Biotechnology |
| Torrent Pharmaceuticals Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Positions Decreased |
| Stock |
| Aerospace & Defense |
| MTAR Technologies Limited |
| Auto Components |
| Sona BLW Precision Forgings Limited |
| Consumer Durables |
| Kajaria Ceramics Limited |
| Finance |
| Fusion Micro Finance Limited |
| Healthcare Services |
| Krishna Institute Of Medical Sciences Limited |
| Personal Products |
| Emami Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Retailing |
| Zomato Limited |
Average Maturity |
3.06 Years |
Modified Duration |
2.39 Years |
Macaulay Duration |
2.49 Years |
Annualized Portfolio YTM* |
7.13% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 3.53% |
| ICICI Bank Ltd | 3.45% |
| State Bank of India | 2.31% |
| Axis Bank Ltd | 2.20% |
| IndusInd Bank Ltd | 0.55% |
| The Federal Bank Ltd | 0.48% |
| Kotak Mahindra Bank Ltd | 0.33% |
| Canara Bank | 0.21% |
| IT - Software | |
| Infosys Ltd | 2.75% |
| Tata Consultancy Services Ltd | 1.09% |
| HCL Technologies Ltd | 1.00% |
| Tech Mahindra Ltd | 0.88% |
| MphasiS Ltd | 0.39% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 1.88% |
| Aurobindo Pharma Ltd | 1.44% |
| Dr. Reddy's Laboratories Ltd | 0.96% |
| Cipla Ltd | 0.84% |
| Torrent Pharmaceuticals Ltd | 0.31% |
| Zydus Lifesciences Ltd | 0.31% |
| Automobiles | |
| Tata Motors Ltd | 1.62% |
| Maruti Suzuki India Ltd | 1.18% |
| TVS Motor Company Ltd | 1.07% |
| Mahindra & Mahindra Ltd | 0.86% |
| Hero MotoCorp Ltd | 0.08% |
| Petroleum Products | |
| Reliance Industries Ltd | 2.29% |
| Hindustan Petroleum Corporation Ltd | 0.61% |
| Insurance | |
| SBI Life Insurance Company Ltd | 1.18% |
| ICICI Lombard General Insurance Company Ltd | 1.08% |
| Max Financial Services Ltd | 0.41% |
| Diversified FMCG | |
| ITC Ltd | 1.58% |
| Hindustan Unilever Ltd | 0.91% |
| Construction | |
| Larsen & Toubro Ltd | 2.39% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.91% |
| Jindal Steel & Power Ltd | 0.33% |
| Entertainment | |
| Sun TV Network Ltd | 1.21% |
| Zee Entertainment Enterprises Ltd | 1.03% |
| Cement & Cement Products | |
| Ambuja Cements Ltd | 1.22% |
| Grasim Industries Ltd | 0.74% |
| Dalmia Bharat Ltd | 0.12% |
| Finance | |
| Shriram Finance Ltd | 0.63% |
| Fusion Micro Finance Ltd | 0.54% |
| Bajaj Finserv Ltd | 0.29% |
| SBI Cards and Payment Services Ltd | 0.23% |
| LIC Housing Finance Ltd | 0.21% |
| Power Finance Corporation Ltd | 0.16% |
| Aerospace & Defense | |
| Hindustan Aeronautics Ltd | 0.92% |
| MTAR Technologies Ltd | 0.55% |
| Bharat Electronics Ltd | 0.28% |
| Ideaforge Technology Ltd | 0.19% |
| Auto Components | |
| Samvardhana Motherson International Ltd | 0.56% |
| Craftsman Automation Ltd | 0.50% |
| Apollo Tyres Ltd | 0.41% |
| Sona BLW Precision Forgings Ltd | 0.32% |
| Telecom - Services | |
| Bharti Airtel Ltd | 0.87% |
| Tata Communications Ltd | 0.76% |
| Electrical Equipment | |
| TD Power Systems Ltd | 0.87% |
| ABB India Ltd | 0.75% |
| Consumer Durables | |
| Kajaria Ceramics Ltd | 0.45% |
| Titan Company Ltd | 0.26% |
| Havells India Ltd | 0.23% |
| Greenply Industries Ltd | 0.19% |
| Crompton Greaves Consumer Electricals Ltd | 0.18% |
| Power | |
| NTPC Ltd | 0.67% |
| Tata Power Company Ltd | 0.60% |
| Transport Services | |
| InterGlobe Aviation Ltd | 0.62% |
| Delhivery Ltd | 0.46% |
| Gateway Distriparks Ltd | 0.05% |
| Retailing | |
| Go Fashion (India) Ltd | 0.56% |
| Zomato Ltd | 0.31% |
| Electronics Mart India Ltd | 0.25% |
| Consumable Fuels | |
| Coal India Ltd | 0.92% |
| Fertilizers & Agrochemicals | |
| UPL Ltd | 0.60% |
| PI Industries Ltd | 0.16% |
| Realty | |
| DLF Ltd | 0.59% |
| Capital Markets | |
| KFin Technologies Ltd | 0.33% |
| Indian Energy Exchange Ltd | 0.25% |
| Food Products | |
| Dodla Dairy Ltd | 0.45% |
| Nestle India Ltd | 0.05% |
| Britannia Industries Ltd | 0.00% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Ltd | 0.50% |
| Chemicals & Petrochemicals | |
| Vinati Organics Ltd | 0.26% |
| Tatva Chintan Pharma Chem Ltd | 0.18% |
| Gas | |
| Gujarat State Petronet Ltd | 0.41% |
| Personal Products | |
| Dabur India Ltd | 0.26% |
| Emami Ltd | 0.11% |
| Non - Ferrous Metals | |
| Hindalco Industries Ltd | 0.37% |
| Industrial Products | |
| Prince Pipes And Fittings Ltd | 0.35% |
| Leisure Services | |
| Westlife Foodworld Ltd | 0.27% |
| Financial Technology (Fintech) | |
| One 97 Communications Ltd | 0.10% |
| Equity Holding Total | 66.75% |
| Equity Futures | |
| Hero MotoCorp Ltd September 2023 Future | -0.08% |
| Dalmia Bharat Ltd September 2023 Future | -0.12% |
| PI Industries Ltd September 2023 Future | -0.16% |
| Power Finance Corporation Ltd September 2023 Future | -0.16% |
| IndusInd Bank Ltd September 2023 Future | -0.27% |
| Zydus Lifesciences Ltd September 2023 Future | -0.31% |
| Hindustan Unilever Ltd September 2023 Future | -0.49% |
| DLF Ltd September 2023 Future | -0.59% |
| Tata Power Company Ltd September 2023 Future | -0.60% |
| UPL Ltd September 2023 Future | -0.61% |
| Hindustan Petroleum Corporation Ltd September 2023 Future | -0.62% |
| Maruti Suzuki India Ltd September 2023 Future | -0.66% |
| TVS Motor Company Ltd September 2023 Future | -0.67% |
| HCL Technologies Ltd September 2023 Future | -0.67% |
| State Bank of India September 2023 Future | -0.70% |
| Axis Bank Ltd September 2023 Future | -0.73% |
| Grasim Industries Ltd September 2023 Future | -0.74% |
| ABB India Ltd September 2023 Future | -0.75% |
| Tata Communications Ltd September 2023 Future | -0.77% |
| Ambuja Cements Ltd September 2023 Future | -0.78% |
| ITC Ltd September 2023 Future | -0.78% |
| ICICI Lombard General Insurance Company Ltd September 2023 Future | -0.81% |
| Aurobindo Pharma Ltd September 2023 Future | -0.82% |
| Cipla Ltd September 2023 Future | -0.84% |
| Tata Motors Ltd September 2023 Future | -0.85% |
| SBI Life Insurance Company Ltd September 2023 Future | -0.86% |
| Mahindra & Mahindra Ltd September 2023 Future | -0.87% |
| Tech Mahindra Ltd September 2023 Future | -0.88% |
| Infosys Ltd September 2023 Future | -0.90% |
| Hindustan Aeronautics Ltd September 2023 Future | -0.92% |
| Coal India Ltd September 2023 Future | -0.93% |
| ICICI Bank Ltd September 2023 Future | -0.97% |
| Dr. Reddy's Laboratories Ltd September 2023 Future | -0.97% |
| Zee Entertainment Enterprises Ltd September 2023 Future | -1.03% |
| Sun Pharmaceutical Industries Ltd September 2023 Future | -1.10% |
| Larsen & Toubro Ltd September 2023 Future | -1.18% |
| Sun TV Network Ltd September 2023 Future | -1.22% |
| Tata Steel Ltd September 2023 Future | -1.34% |
| Equity Futures Total | -27.77% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 3.65% |
| 5.63% GOI (12/04/2026) | 3.49% |
| 7.06% GOI (10/04/2028) | 2.89% |
| 6.54% GOI (17/01/2032) | 2.78% |
| 6.18% GOI (04/11/2024) | 2.15% |
| 7.26% GOI (06/02/2033) | 1.46% |
| 7.26% GOI (22/08/2032) | 1.46% |
| Government Bond Total | 17.87% |
| Treasury Bill | |
| 364 Days Tbill (12/10/2023) | 0.72% |
| 364 Days Tbill (26/01/2024) | 0.70% |
| 182 Days Tbill (08/02/2024) | 0.70% |
| 182 Days Tbill (16/02/2024) | 0.70% |
| Treasury Bill Total | 2.83% |
| Corporate Bond | |
| 9% Shriram Finance Ltd (24/06/2024) ** | 1.09% |
| 8.25% IIFL Finance Ltd (14/10/2023) ** | 0.72% |
| 6.92% REC Ltd (20/03/2032) ** | 0.70% |
| Corporate Bond Total | 2.51% |
| Cash & Other Receivables Total | 37.80% |
| Total | 100.00% |
**Thinly Traded / Non Traded Security
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 9.44% | 12.55% | 10.97% | |
| Scheme Benchmark* | 7.77% | 10.50% | 9.27% | |
| Additional Benchmark** | 6.88% | 3.70% | 5.91% | |
| NAV as on 31st August, 2023 | ₹ 16.323 | |||
| Index Value ( 31st August, 2023) | Index Value of Scheme benchmark is 5,156.52 and CRISIL 10 Year Gilt Index is 4,356.47 |
|||
| 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-August-2023 |
SI |
5,60,000 | 7,27,931 |
3 Yrs |
3,60,000 | 4,16,879 |
1 Yr |
1,20,000 | 1,28,257 |
Returns (%) |
Period |
||
SI |
3yrs |
1yr |
|
Fund Return& (%) |
11.21 | 9.77 | 13.03 |
Benchmark Return& (%) |
9.27 | 8.30 | 9.49 |
Add. Benchmark Return& (%) |
4.52 | 4.27 | 8.05 |
& 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: | 1.01 |
| R Squared | 0.86 |
| Sharpe Ratio#: | 1.02 |
| Information Ratio | 0.94 |
| Portfolio Turnover Ratio | 5.65 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 August, 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