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 February 29, 2024 | 888.08 |
| Net AUM (₹ Cr.) |
899.05 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on February 29, 2024 |
Regular Plan: 1.28% Direct Plan: 0.27% |
| **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 | ₹ 18.638 | ₹ 17.649 |
| IDCW | ₹ 14.567 | ₹ 13.658 |
| New Position Bought |
| Stock |
Consumer Durables |
Cera Sanitaryware Limited |
Finance |
Bajaj Finance Limited |
| Positions Increased |
| Stock |
Auto Components |
Samvardhana Motherson International Limited |
Banks |
HDFC Bank Limited |
Kotak Mahindra Bank Limited |
Cement & Cement Products |
Dalmia Bharat Limited |
Diversified FMCG |
ITC Limited |
Finance |
Fusion Micro Finance Limited |
Shriram Finance Limited |
Non - Ferrous Metals |
Hindalco Industries Limited |
Realty |
Brigade Enterprises Limited |
Telecom - Services |
Bharti Airtel Limited |
| Positions Decreased |
| Stock |
Capital Markets |
KFin Technologies Limited |
Finance |
SBI Cards and Payment Services Limited |
Leisure Services |
Westlife Foodworld Limited |
Pharmaceuticals & Biotechnology |
Dr. Reddy's Laboratories Limited |
Average Maturity |
2.32 Years |
Modified Duration |
1.82 Years |
Macaulay Duration |
1.90 Years |
Annualized Portfolio YTM* |
7.02% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
Banks |
|
HDFC Bank Ltd |
3.42% |
ICICI Bank Ltd |
3.19% |
State Bank of India |
2.78% |
Axis Bank Ltd |
1.74% |
Bank of Baroda |
0.88% |
Kotak Mahindra Bank Ltd |
0.55% |
RBL Bank Limited |
0.43% |
The Federal Bank Limited |
0.38% |
IndusInd Bank Ltd |
0.35% |
Canara Bank |
0.28% |
IT - Software |
|
Infosys Ltd |
2.35% |
Tata Consultancy Services Ltd |
1.67% |
Tech Mahindra Limited |
0.73% |
HCL Technologies Limited |
0.36% |
Wipro Ltd |
0.28% |
MphasiS Limited |
0.25% |
Petroleum Products |
|
Reliance Industries Ltd |
2.96% |
Hindustan Petroleum Corporation Ltd |
0.96% |
Bharat Petroleum Corporation Limited |
0.28% |
Pharmaceuticals & Biotechnology |
|
Sun Pharmaceutical Industries Ltd |
1.77% |
Aurobindo Pharma Ltd |
1.37% |
Zydus Lifesciences Limited |
0.36% |
Torrent Pharmaceuticals Ltd |
0.35% |
Dr. Reddy's Laboratories Ltd |
0.07% |
Finance |
|
Shriram Finance Limited |
0.90% |
Aditya Birla Capital Limited |
0.67% |
IIFL Finance Limited |
0.48% |
Fusion Micro Finance Limited |
0.45% |
LIC Housing Finance Limited |
0.30% |
Bajaj Finance Limited |
0.25% |
Cholamandalam Financial Holdings Limited |
0.23% |
IDFC Limited |
0.21% |
SBI Cards and Payment Services Limited |
0.19% |
Piramal Enterprises Limited |
0.18% |
Consumer Durables |
|
Titan Company Ltd |
1.04% |
Dixon Technologies (India) Limited |
0.77% |
Havells India Ltd |
0.33% |
Kajaria Ceramics Ltd |
0.30% |
Greenply Industries Limited |
0.23% |
Crompton Greaves Consumer Electricals Limited |
0.14% |
Cera Sanitaryware Limited |
0.10% |
Ferrous Metals |
|
Tata Steel Ltd |
1.60% |
Jindal Steel & Power Limited |
0.94% |
JSW Steel Limited |
0.35% |
Automobiles |
|
Tata Motors Limited |
1.83% |
Maruti Suzuki India Ltd |
0.45% |
TVS Motor Company Ltd |
0.42% |
Eicher Motors Ltd |
0.17% |
Diversified FMCG |
|
ITC Ltd |
1.35% |
Hindustan Unilever Ltd |
0.95% |
Insurance |
|
SBI Life Insurance Company Limited |
1.14% |
ICICI Lombard General Insurance Company Limited |
0.81% |
Max Financial Services Ltd |
0.33% |
Construction |
|
Larsen & Toubro Ltd |
2.00% |
Cement & Cement Products |
|
Ambuja Cements Limited |
1.63% |
Dalmia Bharat Limited |
0.25% |
Aerospace & Defense |
|
Hindustan Aeronautics Limited |
1.11% |
Bharat Electronics Ltd |
0.33% |
MTAR Technologies Limited |
0.33% |
Electrical Equipment |
|
TD Power Systems Limited |
0.78% |
ABB India Limited |
0.71% |
Avalon Technologies Limited |
0.27% |
Consumable Fuels |
|
Coal India Ltd |
1.67% |
Power |
|
NTPC Ltd |
0.82% |
Tata Power Company Limited |
0.70% |
Auto Components |
|
Samvardhana Motherson International Limited |
0.71% |
Craftsman Automation Limited |
0.34% |
Sona BLW Precision Forgings Limited |
0.24% |
Telecom - Services |
|
Bharti Airtel Ltd |
1.27% |
Entertainment |
|
Sun TV Network Limited |
0.92% |
Zee Entertainment Enterprises Ltd |
0.32% |
Realty |
|
DLF Limited |
0.81% |
Brigade Enterprises Limited |
0.42% |
Retailing |
|
Go Fashion (India) Limited |
0.44% |
Zomato Limited |
0.40% |
Electronics Mart India Limited |
0.34% |
Transport Services |
|
InterGlobe Aviation Limited |
0.62% |
Delhivery Limited |
0.43% |
Gateway Distriparks Limited |
0.05% |
Transport Infrastructure |
|
Adani Ports and Special Economic Zone Limited |
0.90% |
Agricultural, Commercial & Construction Vehicles |
|
Ashok Leyland Limited |
0.68% |
Agricultural Food & other Products |
|
Balrampur Chini Mills Limited |
0.53% |
Leisure Services |
|
Yatra Online Limited |
0.40% |
Westlife Foodworld Limited |
0.13% |
Personal Products |
|
Godrej Consumer Products Limited |
0.27% |
Dabur India Ltd |
0.20% |
Emami Limited |
0.06% |
Gas |
|
Gujarat State Petronet Limited |
0.48% |
Oil |
|
Oil & Natural Gas Corporation Limited |
0.41% |
Non - Ferrous Metals |
|
Hindalco Industries Limited |
0.33% |
Healthcare Services |
|
Krishna Institute Of Medical Sciences Limited |
0.29% |
Chemicals & Petrochemicals |
|
Vinati Organics Ltd |
0.18% |
Tatva Chintan Pharma Chem Limited |
0.10% |
Capital Markets |
|
KFin Technologies Limited |
0.27% |
Industrial Products |
|
Prince Pipes And Fittings Limited |
0.21% |
Beverages |
|
United Spirits Limited |
0.15% |
Fertilizers & Agrochemicals |
|
PI Industries Limited |
0.12% |
Financial Technology (Fintech) |
|
One 97 Communications Limited |
0.04% |
Food Products |
|
Nestle India Limited |
0.01% |
Total |
68.53% |
Government Bond |
|
7.38% GOI (MD 20/06/2027) |
2.81% |
5.63% GOI (MD 12/04/2026) |
2.71% |
7.06% GOI (MD 10/04/2028) |
2.22% |
6.54% GOI (MD 17/01/2032) |
2.15% |
6.18% GOI (MD 04/11/2024) |
1.66% |
7.26% GOI (MD 06/02/2033) |
1.12% |
7.26% GOI (MD 22/08/2032) |
1.12% |
Government Bond Total |
13.79% |
Corporate Bond |
|
Shriram Finance Limited |
0.83% |
Bajaj Housing Finance Limited |
0.83% |
REC Limited |
0.54% |
Corporate Bond Total |
2.20% |
Cash & Other Receivables Total |
15.47% |
Total |
100.00% |
Name of the Instrument |
% to Net Assets |
Derivatives |
|
Index / Stock Futures |
|
Dr. Reddy's Laboratories Limited |
-0.07% |
Dalmia Bharat Limited |
-0.09% |
PI Industries Limited |
-0.12% |
Kotak Mahindra Bank Limited |
-0.13% |
United Spirits Limited |
-0.15% |
Piramal Enterprises Limited |
-0.18% |
IDFC Limited |
-0.21% |
Wipro Limited |
-0.28% |
Zee Entertainment Enterprises Limited |
-0.32% |
Axis Bank Limited |
-0.35% |
JSW Steel Limited |
-0.35% |
Zydus Lifesciences Limited |
-0.36% |
Hindustan Unilever Limited |
-0.36% |
Bharti Airtel Limited |
-0.39% |
Oil & Natural Gas Corporation Limited |
-0.41% |
RBL Bank Limited |
-0.44% |
Balrampur Chini Mills Limited |
-0.53% |
ITC Limited |
-0.55% |
HDFC Bank Limited |
-0.62% |
Jindal Steel & Power Limited |
-0.65% |
Aditya Birla Capital Limited |
-0.68% |
Ashok Leyland Limited |
-0.69% |
Infosys Limited |
-0.69% |
Tata Power Company Limited |
-0.70% |
ABB India Limited |
-0.72% |
Tech Mahindra Limited |
-0.74% |
State Bank of India |
-0.74% |
Larsen & Toubro Limited |
-0.76% |
Dixon Technologies (India) Limited |
-0.78% |
Aurobindo Pharma Limited |
-0.78% |
SBI Life Insurance Company Limited |
-0.79% |
ICICI Lombard General Insurance Company Limited |
-0.81% |
DLF Limited |
-0.81% |
ICICI Bank Limited |
-0.82% |
Ambuja Cements Limited |
-0.84% |
Titan Company Limited |
-0.85% |
Bank of Baroda |
-0.89% |
Reliance Industries Limited |
-0.90% |
Adani Ports and Special Economic Zone Limited |
-0.91% |
Sun TV Network Limited |
-0.93% |
Hindustan Petroleum Corporation Limited |
-0.97% |
Tata Consultancy Services Limited |
-1.00% |
Tata Motors Limited |
-1.03% |
Hindustan Aeronautics Limited |
-1.12% |
Tata Steel Limited |
-1.18% |
Coal India Limited |
-1.19% |
Sun Pharmaceutical Industries Limited |
-1.20% |
Total |
-30.10% |
**Thinly Traded / Non Traded Security
| Returns (in%) | |||||
| 1 Year | 3 Years | 5 years | Since inception | Value of 10000 invested Since Inception (in Rs.) | |
| Mirae Asset Equity Savings Fund | 18.37% |
10.48% |
11.95% |
11.53% |
17,649 |
| Scheme Benchmark* | 14.94% |
9.45% |
10.16% |
9.89% |
16,342 |
| Additional Benchmark** | 9.42% |
4.36% |
6.21% |
6.10% |
13,607 |
| NAV as on 29th February, 2024 | ₹ 17.649 | ||||
| Index Value (29th February, 2024) | Index Value of Scheme benchmark is 5,550.80 and CRISIL 10 Year Gilt Index is 4,523.48 |
||||
| 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) respectively.
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
| 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
| Period | Total Amount Invested | Mkt Value as on 29-February-2024 |
SI |
6,20,000 |
8,50,190 |
5 Yrs |
6,00,000 |
8,15,062 |
3 Yrs |
3,60,000 |
4,26,149 |
1 Yr |
1,20,000 |
1,31,344 |
Returns (%) |
Period |
||||
SI |
5yrs |
3yrs |
1yr |
||
Fund Return& (%) |
12.17 |
12.22 |
11.29 |
18.06 |
|
Benchmark Return& (%) |
10.38 |
10.42 |
10.03 |
14.91 |
|
Add. Benchmark Return& (%) |
5.13 |
5.05 |
5.75 |
8.42 |
|
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 5.18% |
| Beta: | 0.99 |
| R Squared | 0.83 |
| Sharpe Ratio#: | 0.72 |
| Information Ratio | 0.47 |
| Portfolio Turnover Ratio | 4.69 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 February 2024.^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.