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 | 17th 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 May 31, 2022 | 525.68 |
| Net AUM (₹ Cr.) |
537.61 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on May 31, 2022 |
Regular Plan: 1.42% Direct Plan: 0.41% |
| **For experience of Fund Managers Click Here | |
| ^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. | |
| NAV: | Direct | Regular |
| Growth | ₹ 14.834 | ₹ 14.290 |
| IDCW^ | ₹ 12.626 | ₹ 12.051 |
| Volatility | 9.92% |
| Beta: | 1.20 |
| R Squared | 0.94 |
| Sharpe Ratio#: | 0.65 |
| Information Ratio | 0.68 |
| Portfolio Turnover Ratio | 4.81 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 May, 2022.^Basis last rolling 12 months. |
|
Weighted Average Maturity |
3.98 Years |
Modified Duration |
3.25 Years |
Macaulay Duration |
3.48 Years |
Yield to Maturity |
6.86% |
| New Position Bought |
| Stock |
| Fertilizers & Agrochemicals |
| Paradeep Phosphates Limited |
| Transport Services |
| Delhivery Limited |
| Non - Ferrous Metals |
| Hindalco Industries Limited |
| Personal Products |
| Dabur India Limited |
| Positions Exited |
| Stock |
| Aerospace & Defense |
| Hindustan Aeronautics Limited |
| Cement & Cement Products |
| ACC Limited |
| Shree Cement Limited |
| Chemicals & Petrochemicals |
| Pidilite Industries Limited |
| Healthcare Services |
| Fortis Healthcare Limited |
| Industrial Products |
| Astral Limited |
| IT - Software |
| MindTree Limited |
| Pharmaceuticals & Biotechnology |
| IPCA Laboratories Limited |
| Zydus Lifesciences Limited |
| Telecom - Services |
| Indus Towers Limited |
| Tata Communications Limited |
| Positions Increased |
| Stock |
| IT - Software |
| Infosys Limited |
| HCL Technologies Limited |
| Petroleum Products |
| Hindustan Petroleum Corporation Limited |
| Power |
| NTPC Limited |
| Banks |
| State Bank of India |
| HDFC Bank Limited |
| Pharmaceuticals & Biotechnology |
| Laurus Labs Limited |
| Sun Pharmaceutical Industries Limited |
| Aurobindo Pharma Limited |
| Torrent Pharmaceuticals Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Consumer Durables |
| Kajaria Ceramics Limited |
| Havells India Limited |
| Ferrous Metals |
| Jindal Steel & Power Limited |
| Tata Steel Limited |
| Finance |
| Cholamandalam Investment and Finance Company Ltd |
| Construction |
| Larsen & Toubro Limited |
| Healthcare Services |
| Krishna Institute Of Medical Sciences Limited |
| Leisure Services |
| Westlife Development Limited |
| Positions Decreased |
| Stock |
| Consumer Durables |
| Voltas Limited |
| Cement & Cement Products |
| Ambuja Cements Limited |
| Finance |
| CreditAccess Grameen Limited |
| Record Date | IDCW (₹) | Face Value ( ₹) | Cum Nav ( ₹) |
22-Mar-22 |
1.10 per Unit |
10 |
13.327 |
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 Plan - IDCW Option
| Portfolio Holdings | % Allocation | |
| Banks | ||
| HDFC Bank Ltd | 5.22% | |
| Axis Bank Ltd | 2.91% | |
| ICICI Bank Ltd | 2.63% | |
| State Bank of India | 1.71% | |
| Bandhan Bank Limited | 1.12% | |
| Kotak Mahindra Bank Ltd | 0.43% | |
| The Federal Bank Limited | 0.26% | |
| IT - Software | ||
| Infosys Ltd | 4.04% | |
| Tech Mahindra Limited | 1.99% | |
| Tata Consultancy Services Ltd | 1.40% | |
| MphasiS Limited | 0.49% | |
| HCL Technologies Limited | 0.38% | |
| Oracle Financial Services Software Limited | 0.02% | |
| Finance | ||
| Housing Development Finance Corporation Ltd | 1.15% | |
| Bajaj Finance Limited | 0.99% | |
| Shriram Transport Finance Company Limited | 0.69% | |
| SBI Cards and Payment Services Limited | 0.55% | |
| Muthoot Finance Limited | 0.38% | |
| Can Fin Homes Limited | 0.36% | |
| CreditAccess Grameen Limited | 0.30% | |
| Cholamandalam Investment and Finance Company Ltd | 0.24% | |
| Power Finance Corporation Ltd | 0.15% | |
| Equitas Holdings Ltd | 0.08% | |
| LIC Housing Finance Limited | 0.01% | |
| Consumer Durables | ||
| Bata India Limited | 1.40% | |
| Titan Company Ltd | 0.94% | |
| Havells India Ltd | 0.56% | |
| Kajaria Ceramics Ltd | 0.40% | |
| Asian Paints Ltd | 0.32% | |
| Voltas Ltd | 0.29% | |
| Crompton Greaves Consumer Electricals Limited | 0.28% | |
| Greenply Industries Limited | 0.26% | |
| Petroleum Products | ||
| Reliance Industries Ltd | 3.37% | |
| Hindustan Petroleum Corporation Ltd | 0.36% | |
| Bharat Petroleum Corporation Limited | 0.08% | |
| Automobiles | ||
| Maruti Suzuki India Ltd | 1.40% | |
| Tata Motors Limited | 1.09% | |
| TVS Motor Company Ltd | 1.08% | |
| Diversified FMCG | ||
| Hindustan Unilever Ltd | 1.74% | |
| ITC Ltd | 1.43% | |
| Pharmaceuticals & Biotechnology | ||
| Sun Pharmaceutical Industries Ltd | 0.82% | |
| Aurobindo Pharma Ltd | 0.49% | |
| Laurus Labs Limited | 0.37% | |
| Torrent Pharmaceuticals Ltd | 0.35% | |
| Glenmark Pharmaceuticals Limited | 0.33% | |
| Natco Pharma Limited | 0.18% | |
| Cipla Limited | 0.10% | |
| Insurance | ||
| SBI Life Insurance Company Limited | 1.50% | |
| Max Financial Services Ltd | 0.46% | |
| ICICI Lombard General Insurance Company Limited | 0.34% | |
| HDFC Life Insurance Company Ltd | 0.09% | |
| Entertainment | ||
| Zee Entertainment Enterprises Ltd | 1.14% | |
| Sun TV Network Limited | 1.12% | |
| Telecom - Services | ||
| Bharti Airtel Ltd | 1.65% | |
| Chemicals & Petrochemicals | ||
| Vinati Organics Ltd | 0.38% | |
| Tatva Chintan Pharma Chem Limited | 0.31% | |
| SRF Limited | 0.29% | |
| Chemplast Sanmar Limited | 0.25% | |
| Rain Industries Limited | 0.23% | |
| Transport Infrastructure | ||
| Adani Ports and Special Economic Zone Limited | 1.38% | |
| Power | ||
| Tata Power Company Limited | 0.86% | |
| NTPC Ltd | 0.38% | |
| Diversified Metals | ||
| Vedanta Limited | 1.19% | |
| Non - Ferrous Metals | ||
| Hindalco Industries Limited | 1.11% | |
| Construction | ||
| Larsen & Toubro Ltd | 1.10% | |
| Transport Services | ||
| InterGlobe Aviation Limited | 0.61% | |
| Delhivery Limited | 0.41% | |
| Gateway Distriparks Limited | 0.05% | |
| Cement & Cement Products | ||
| Ambuja Cements Limited | 0.75% | |
| Nuvoco Vistas Corporation Limited | 0.21% | |
| Industrial Products | ||
| Bharat Forge Limited | 0.46% | |
| Prince Pipes And Fittings Limited | 0.36% | |
| Ferrous Metals | ||
| Tata Steel Ltd | 0.55% | |
| Jindal Steel & Power Limited | 0.26% | |
| Realty | ||
| DLF Limited | 0.80% | |
| Personal Products | ||
| Dabur India Ltd | 0.45% | |
| Emami Limited | 0.27% | |
| Retailing | ||
| Go Fashion (India) Limited | 0.53% | |
| FSN E-Commerce Ventures Limited | 0.18% | |
| Auto Components | ||
| Craftsman Automation Limited | 0.30% | |
| S.J.S. Enterprises Limited | 0.24% | |
| CEAT Limited | 0.13% | |
| Fertilizers & Agrochemicals | ||
| Paradeep Phosphates Limited | 0.65% | |
| Food Products | ||
| Britannia Industries Ltd | 0.31% | |
| Nestle India Limited | 0.21% | |
| Gas | ||
| Gujarat State Petronet Limited | 0.48% | |
| Capital Markets | ||
| UTI Asset Management Company Limited | 0.44% | |
| Healthcare Services | ||
| Krishna Institute Of Medical Sciences Limited | 0.42% | |
| Agricultural, Commercial & Construction Vehicles | ||
| Ashok Leyland Limited | 0.32% | |
| Beverages | ||
| Varun Beverages Limited | 0.29% | |
| Leisure Services | ||
| Westlife Development Limited | 0.28% | |
| Aerospace & Defense | ||
| Bharat Electronics Ltd | 0.24% | |
| Financial Technology (Fintech) | ||
| One 97 Communications Limited | 0.10% | |
| Equity Holding Total | 69.17% | |
| Equity Futures | ||
| LIC Housing Finance Ltd June 2022 Future | -0.01% | |
| Oracle Financial Services Software Ltd June 2022 Future | -0.02% | |
| Havells India Ltd June 2022 Future | -0.02% | |
| Zee Entertainment Enterprises Ltd June 2022 Future | -0.03% | |
| Tata Steel Ltd June 2022 Future | -0.05% | |
| Dabur India Ltd June 2022 Future | -0.08% | |
| Cipla Ltd June 2022 Future | -0.10% | |
| State Bank of India June 2022 Future | -0.10% | |
| Tata Consultancy Services Ltd June 2022 Future | -0.12% | |
| Aurobindo Pharma Ltd June 2022 Future | -0.14% | |
| Ambuja Cements Ltd June 2022 Future | -0.20% | |
| Nestle India Ltd June 2022 Future | -0.21% | |
| Rain Industries Ltd June 2022 Future | -0.23% | |
| SRF Ltd June 2022 Future | -0.29% | |
| Glenmark Pharmaceuticals Ltd June 2022 Future | -0.33% | |
| Kotak Mahindra Bank Ltd June 2022 Future | -0.36% | |
| Shriram Transport Finance Company Ltd June 2022 Future | -0.43% | |
| Tata Motors Ltd June 2022 Future | -0.58% | |
| InterGlobe Aviation Ltd June 2022 Future | -0.61% | |
| Maruti Suzuki India Ltd June 2022 Future | -0.74% | |
| TVS Motor Company Ltd June 2022 Future | -0.75% | |
| DLF Ltd June 2022 Future | -0.80% | |
| Bharti Airtel Ltd June 2022 Future | -0.81% | |
| Hindalco Industries Ltd June 2022 Future | -0.81% | |
| Tata Power Company Ltd June 2022 Future | -0.85% | |
| SBI Life Insurance Company Ltd June 2022 Future | -0.90% | |
| Titan Company Ltd June 2022 Future | -0.95% | |
| Bata India Ltd June 2022 Future | -0.96% | |
| Bajaj Finance Ltd June 2022 Future | -0.99% | |
| Infosys Ltd June 2022 Future | -1.00% | |
| ITC Ltd June 2022 Future | -1.00% | |
| Hindustan Unilever Ltd June 2022 Future | -1.10% | |
| Zee Entertainment Enterprises Ltd July 2022 Future | -1.11% | |
| Sun TV Network Ltd June 2022 Future | -1.12% | |
| Bandhan Bank Ltd June 2022 Future | -1.13% | |
| Vedanta Ltd June 2022 Future | -1.20% | |
| Reliance Industries Ltd July 2022 Future | -1.23% | |
| Axis Bank Ltd June 2022 Future | -1.27% | |
| Adani Ports and Special Economic Zone Ltd June 2022 Future | -1.37% | |
| Tech Mahindra Ltd June 2022 Future | -1.99% | |
| HDFC Bank Ltd June 2022 Future | -2.73% | |
| Equity Futures Total | -28.72% | |
| Government Bond | ||
| 5.63% GOI (12/04/2026) | 10.62% | |
| 5.74% GOI (15/11/2026) | 3.53% | |
| 6.54% GOI (17/01/2032) | 3.50% | |
| 6.18% GOI (04/11/2024) | 2.76% | |
| 3.96% GOI (09/11/2022) | 0.92% | |
| Government Bond Total | 21.33% | |
| Treasury Bill | ||
| 364 Days Tbill (19/08/2022) | 1.84% | |
| 364 Days Tbill (25/08/2022) | 0.92% | |
| Treasury Bill Total | 2.76% | |
| Corporate Bond | ||
| 8.25% IIFL Finance Ltd (14/10/2023) | 0.92% | |
| Corporate Bond Total | 0.92% | |
| Cash & Other Receivables Total | 34.55% | |
| Total | 100.00% | |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 4.77% |
10.72% |
10.89% |
|
| Scheme Benchmark* | 5.13% |
8.63% |
9.32% |
|
| Additional Benchmark** | -3.88% |
4.08% |
5.05% |
|
| NAV as on 31st May, 2022 | 14.290 | |||
| Index Value ( 31st May, 2022) | Index Value of Scheme benchmark is 4,621.11 and CRISIL 10 Year Gilt Index is 3,940.56 | |||
| Allotment Date | 17th 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.
| Period | Total Amount Invested | Mkt Value as on 31-May-2022 |
SI |
410,000 |
495,137 |
3 Yr |
360,000 |
424,897 |
1 Yr |
120,000 |
119,319 |
Returns (%) |
Period |
||
SI |
3yr |
1yr |
|
Fund Return& (%) |
11.07 |
11.09 |
-1.06 |
Benchmark Return& (%) |
9.32 |
9.36 |
1.19 |
Add. Benchmark Return& (%) |
1.48 |
0.37 |
-5.98 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
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.
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