MIRAE ASSET
EQUITY SAVINGS FUND
( 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: ₹ 500/- (multiples of ₹ 1/- thereafter), minimum 5 in case of Monthly / 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 December 31, 2023 | 820.88 |
| Net AUM (₹ Cr.) |
834.62 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on December 31, 2023 |
Regular Plan: 1.30% Direct Plan: 0.33% |
| **For experience of Fund Managers Click Here | |
| ##Pursuant to notice cum addendum no. 69/2023, Minimum Systematic Investment Plan (SIP) Installment amount for certain Schemes has been Changed with effect from January 01, 2024. | |
| NAV: | Direct | Regular |
| Growth | ₹ 18.230 | ₹ 17.291 |
| IDCW | ₹ 14.248 | ₹ 13.381 |
| New Position Bought |
| Stock |
| Agricultural, Commercial & Construction Vehicles |
| Ashok Leyland Limited |
| Beverages |
| United Spirits Limited |
| Finance |
| Aditya Birla Capital Limited |
| IIFL Finance Limited |
| Personal Products |
| Godrej Consumer Products Limited |
| Positions Increased |
| Stock |
| Banks |
| RBL Bank Limited |
| Consumable Fuels |
| Coal India Limited |
| Ferrous Metals |
| Jindal Steel & Power Limited |
| Finance |
| SBI Cards and Payment Services Limited |
| Food Products |
| Britannia Industries Limited |
| Oil |
| Oil & Natural Gas Corporation Limited |
| Positions Decreased |
| Stock |
| Automobiles |
| Maruti Suzuki India Limited |
| TVS Motor Company Limited |
| Banks |
| Axis Bank Limited |
| ICICI Bank Limited |
| Cement & Cement Products |
| UltraTech Cement Limited |
| Consumer Durables |
| Titan Company Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Finance |
| Bajaj Finserv Limited |
| Food Products |
| Nestle India Limited |
| Healthcare Services |
| Krishna Institute Of Medical Sciences Limited |
| Insurance |
| ICICI Lombard General Insurance Company Limited |
| IT - Services |
| Tata Technologies Ltd |
| IT - Software |
| Tata Consultancy Services Limited |
| Non - Ferrous Metals |
| Hindalco Industries Limited |
| Pharmaceuticals & Biotechnology |
| Sun Pharmaceutical Industries Limited |
| Telecom - Services |
| Bharti Airtel Limited |
Average Maturity |
2.85 Years |
Modified Duration |
2.21 Years |
Macaulay Duration |
2.30 Years |
Annualized Portfolio YTM* |
7.16% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 4.22% |
| ICICI Bank Ltd | 3.26% |
| State Bank of India | 2.46% |
| Axis Bank Ltd | 1.43% |
| Bank of Baroda | 0.83% |
| Kotak Mahindra Bank Ltd | 0.68% |
| RBL Bank Ltd | 0.50% |
| The Federal Bank Ltd | 0.43% |
| IndusInd Bank Ltd | 0.41% |
| Canara Bank | 0.24% |
| IT - Software | |
| Infosys Ltd | 2.33% |
| Tata Consultancy Services Ltd | 1.67% |
| Tech Mahindra Ltd | 0.79% |
| HCL Technologies Ltd | 0.34% |
| MphasiS Ltd | 0.29% |
| Wipro Ltd | 0.27% |
| Pharmaceuticals & Biotechnology | |
| Aurobindo Pharma Ltd | 1.55% |
| Sun Pharmaceutical Industries Ltd | 1.52% |
| Dr. Reddy's Laboratories Ltd | 0.82% |
| Torrent Pharmaceuticals Ltd | 0.32% |
| Zydus Lifesciences Ltd | 0.28% |
| Finance | |
| Shriram Finance Ltd | 0.72% |
| Aditya Birla Capital Ltd | 0.66% |
| IIFL Finance Ltd | 0.52% |
| Fusion Micro Finance Ltd | 0.41% |
| SBI Cards and Payment Services Ltd | 0.32% |
| LIC Housing Finance Ltd | 0.27% |
| IDFC Ltd | 0.24% |
| Cholamandalam Financial Holdings Ltd | 0.24% |
| Piramal Enterprises Ltd | 0.19% |
| Bajaj Finserv Ltd | 0.07% |
| Petroleum Products | |
| Reliance Industries Ltd | 2.82% |
| Hindustan Petroleum Corporation Ltd | 0.81% |
| Automobiles | |
| Tata Motors Ltd | 1.62% |
| Hero MotoCorp Ltd | 0.62% |
| Maruti Suzuki India Ltd | 0.45% |
| TVS Motor Company Ltd | 0.43% |
| Eicher Motors Ltd | 0.20% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.71% |
| Jindal Steel & Power Ltd | 0.97% |
| JSW Steel Ltd | 0.41% |
| Consumer Durables | |
| Titan Company Ltd | 1.13% |
| Dixon Technologies (India) Ltd | 0.82% |
| Kajaria Ceramics Ltd | 0.33% |
| Havells India Ltd | 0.24% |
| Greenply Industries Ltd | 0.23% |
| Crompton Greaves Consumer Electricals Ltd | 0.16% |
| Cement & Cement Products | |
| Ambuja Cements Ltd | 1.51% |
| Grasim Industries Ltd | 0.73% |
| UltraTech Cement Ltd | 0.16% |
| Dalmia Bharat Ltd | 0.11% |
| Diversified FMCG | |
| ITC Ltd | 1.37% |
| Hindustan Unilever Ltd | 1.13% |
| Insurance | |
| SBI Life Insurance Company Ltd | 1.13% |
| ICICI Lombard General Insurance Company Ltd | 0.72% |
| Max Financial Services Ltd | 0.35% |
| Construction | |
| Larsen & Toubro Ltd | 2.07% |
| Aerospace & Defense | |
| Hindustan Aeronautics Ltd | 1.09% |
| MTAR Technologies Ltd | 0.40% |
| Bharat Electronics Ltd | 0.32% |
| Ideaforge Technology Ltd | 0.13% |
| Entertainment | |
| Sun TV Network Ltd | 1.15% |
| Zee Entertainment Enterprises Ltd | 0.58% |
| Electrical Equipment | |
| TD Power Systems Ltd | 0.74% |
| ABB India Ltd | 0.66% |
| Avalon Technologies Ltd | 0.30% |
| Power | |
| NTPC Ltd | 0.82% |
| Tata Power Company Ltd | 0.67% |
| Auto Components | |
| Samvardhana Motherson International Ltd | 0.63% |
| Craftsman Automation Ltd | 0.45% |
| Sona BLW Precision Forgings Ltd | 0.24% |
| Consumable Fuels | |
| Coal India Ltd | 1.30% |
| Retailing | |
| Go Fashion (India) Ltd | 0.52% |
| Electronics Mart India Ltd | 0.36% |
| Zomato Ltd | 0.33% |
| Transport Services | |
| InterGlobe Aviation Ltd | 0.63% |
| Delhivery Ltd | 0.34% |
| Gateway Distriparks Ltd | 0.05% |
| Telecom - Services | |
| Bharti Airtel Ltd | 0.86% |
| Agricultural, Commercial & Construction Vehicles | |
| Ashok Leyland Ltd | 0.78% |
| Transport Infrastructure | |
| Adani Ports and Special Economic Zone Ltd | 0.76% |
| Realty | |
| DLF Ltd | 0.70% |
| Godrej Properties Ltd | 0.05% |
| Agricultural Food & other Products | |
| Balrampur Chini Mills Ltd | 0.63% |
| Fertilizers & Agrochemicals | |
| UPL Ltd | 0.49% |
| PI Industries Ltd | 0.13% |
| Leisure Services | |
| Yatra Online Ltd | 0.37% |
| Westlife Foodworld Ltd | 0.24% |
| IT - Services | |
| Tata Technologies Ltd | 0.57% |
| Personal Products | |
| Godrej Consumer Products Ltd | 0.27% |
| Dabur India Ltd | 0.22% |
| Emami Ltd | 0.07% |
| Oil | |
| Oil & Natural Gas Corporation Ltd | 0.44% |
| Gas | |
| Gujarat State Petronet Ltd | 0.43% |
| Chemicals & Petrochemicals | |
| Vinati Organics Ltd | 0.21% |
| Tatva Chintan Pharma Chem Ltd | 0.14% |
| Non - Ferrous Metals | |
| Hindalco Industries Ltd | 0.31% |
| Industrial Products | |
| Prince Pipes And Fittings Ltd | 0.30% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Ltd | 0.27% |
| Capital Markets | |
| KFin Technologies Ltd | 0.22% |
| Food Products | |
| Britannia Industries Ltd | 0.14% |
| Nestle India Ltd | 0.02% |
| Beverages | |
| United Spirits Ltd | 0.15% |
| Financial Technology (Fintech) | |
| One 97 Communications Ltd | 0.06% |
| Equity Holding Total | 71.05% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 3.02% |
| 5.63% GOI (12/04/2026) | 2.91% |
| 7.06% GOI (10/04/2028) | 2.39% |
| 6.54% GOI (17/01/2032) | 2.30% |
| 6.18% GOI (04/11/2024) | 1.79% |
| 7.26% GOI (22/08/2032) | 1.20% |
| 7.26% GOI (06/02/2033) | 1.20% |
| Government Bond Total | 14.81% |
| Corporate Bond | |
| 9% Shriram Finance Ltd (24/06/2024) ** | 0.90% |
| 7.85% Bajaj Housing Finance Ltd (01/09/2028) ** | 0.89% |
| 6.92% REC Ltd (20/03/2032) ** | 0.57% |
| Corporate Bond Total | 2.36% |
| Treasury Bill | |
| 364 Days Tbill (26/01/2024) | 0.60% |
| 182 Days Tbill (08/02/2024) | 0.59% |
| 182 Days Tbill (16/02/2024) | 0.59% |
| Treasury Bill Total | 1.78% |
| Cash & Other Receivables Total | 10.00% |
| Total | 100.00% |
| Name of the Instrument | % to Net Assets |
| Derivatives | |
| Index / Stock Futures | |
| Aditya Birla Capital Ltd | -0.66% |
| ABB India Ltd | -0.66% |
| Ashok Leyland Ltd | -0.79% |
| Aurobindo Pharma Ltd | -0.89% |
| Balrampur Chini Mills Ltd | -0.64% |
| Bank of Baroda | -0.83% |
| Britannia Industries Ltd | -0.14% |
| Zydus Lifesciences Ltd | -0.28% |
| Coal India Ltd | -1.11% |
| Dixon Technologies (India) Ltd | -0.82% |
| DLF Ltd | -0.71% |
| Dr. Reddy's Laboratories Ltd | -0.83% |
| Godrej Properties Ltd | -0.05% |
| Grasim Industries Ltd | -0.74% |
| Ambuja Cements Ltd | -0.78% |
| Hindustan Aeronautics Ltd | -1.10% |
| HDFC Bank Ltd | -0.82% |
| Hero MotoCorp Ltd | -0.63% |
| Hindustan Unilever Ltd | -0.43% |
| Hindustan Petroleum Corporation Ltd | -0.82% |
| ICICI Bank Ltd | -0.83% |
| IDFC Ltd | -0.24% |
| ICICI Lombard General Insurance Company Ltd | -0.73% |
| Infosys Ltd | -0.68% |
| ITC Ltd | -0.68% |
| Jindal Steel & Power Ltd | -0.68% |
| JSW Steel Ltd | -0.42% |
| Kotak Mahindra Bank Ltd | -0.39% |
| Larsen & Toubro Ltd | -0.83% |
| United Spirits Ltd | -0.15% |
| Adani Ports and Special Economic Zone Ltd | -0.76% |
| Piramal Enterprises Ltd | -0.19% |
| Dalmia Bharat Ltd | -0.11% |
| Oil & Natural Gas Corporation Ltd | -0.44% |
| PI Industries Ltd | -0.13% |
| Reliance Industries Ltd | -0.86% |
| RBL Bank Ltd | -0.51% |
| State Bank of India | -0.69% |
| SBI Cards and Payment Services Ltd | -0.03% |
| UPL Ltd | -0.50% |
| SBI Life Insurance Company Ltd | -0.79% |
| Sun Pharmaceutical Industries Ltd | -1.03% |
| Sun TV Network Ltd | -1.16% |
| Tata Consultancy Services Ltd | -1.00% |
| Tata Motors Ltd | -0.91% |
| Tech Mahindra Ltd | -0.79% |
| Tata Steel Ltd | -1.26% |
| Tata Power Company Ltd | -0.68% |
| Titan Company Ltd | -0.93% |
| Wipro Ltd | -0.27% |
| Zee Entertainment Enterprises Ltd | -0.59% |
| Total | -32.99% |
**Thinly Traded / Non Traded Security
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | 5 Yrs | SI | |
| Mirae Asset Equity Savings Fund | 13.98% | 11.00% | 11.51% | 11.47% |
| Scheme Benchmark* | 12.40% | 9.54% | 9.99% | 9.94% |
| Additional Benchmark** | 7.82% | 3.16% | 5.79% | 5.92% |
| NAV as on 29th December, 2023 | ₹ 17.291 | |||
| Index Value ( 29th December, 2023) | Index Value of Scheme benchmark is 5,477.71 and CRISIL 10 Year Gilt Index is 4,441.75 |
|||
| 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-December-2023 |
SI |
6,00,000 | 8,13,068 |
5 Yrs |
6,00,000 | 8,13,068 |
3 Yrs |
3,60,000 | 4,24,778 |
1 Yr |
1,20,000 | 1,31,682 |
Returns (%) |
Period |
||||
SI |
5yrs |
3yrs |
1yr |
||
Fund Return& (%) |
12.13 | 12.13 | 11.09 | 18.74 | |
Benchmark Return& (%) |
10.52 | 10.52 | 10.16 | 16.41 | |
Add. Benchmark Return& (%) |
4.72 | 4.72 | 4.91 | 7.36 | |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 5.54% |
| Beta: | 1.02 |
| R Squared | 0.83 |
| Sharpe Ratio#: | 0.74 |
| Information Ratio | 0.64 |
| Portfolio Turnover Ratio | 5.11 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 December, 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 Mirae Asset Equity Savings Fund - Regular & Direct Plan - IDCW Option