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Unrated

Mirae Asset Equity Savings Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.31 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.35 Lakh

Suitability:

Equity-savings funds invest about a third of your money each in equity shares, bonds and arbitrage opportunities, though these proportions may vary a bit depending upon the market outlook of the fund manager. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than fixed income options.

They may also suit those looking for a regular income from their accumulation. The debt and arbitrage portions of these funds can provide a moderate, but steady stream of income. The equity allocation, though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.

Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.80 0.07 -0.77 -0.63 2.14 12.26 31.23 -- -- -- --
VR MIP TRI 1.64 -0.02 -0.69 -0.26 0.45 8.80 20.95 -- -- -- --
Hybrid: Equity Savings 2.73 0.14 -0.58 -0.58 1.25 10.65 23.89 -- -- -- --
Rank within category 5 14 16 14 6 8 2 -- -- -- --
Number of funds in category 23 23 23 23 23 23 23 15 12 0 0

As on 16-Apr-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mirae Asset Equity Savings Fund - Regular Plan  | Invest Online
Unrated
Dec-18 31.23 -- -- 1.43 206
HDFC Equity Savings Fund  | Invest Online
4 star
Sep-04 26.00 6.89 9.85 2.11 2,332
Kotak Equity Savings Fund - Regular Plan  | Invest Online
4 star
Oct-14 21.62 7.71 8.67 2.23 1,391
Axis Equity Saver Fund - Regular Plan
4 star
Aug-15 24.75 8.09 8.74 2.41 725
SBI Equity Savings Fund - Regular Plan  | Invest Online
3 star
May-15 29.63 7.63 8.41 1.70 1,365

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 4.87 24-Mar-2020 - 31-Mar-2020 -8.81 16-Mar-2020 - 23-Mar-2020
Month 9.68 23-Mar-2020 - 22-Apr-2020 -18.25 20-Feb-2020 - 23-Mar-2020
Quarter 16.45 23-Mar-2020 - 22-Jun-2020 -17.29 23-Dec-2019 - 23-Mar-2020
Year 42.97 23-Mar-2020 - 23-Mar-2021 -10.46 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR MIP TRI* 9.24 6.80 0.70 0.81 -- --
Hybrid: Equity Savings* 7.22 9.66 0.31 0.35 1.33 -3.61
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 31-Mar-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 71
Number of Bonds 24
Average Maturity (yrs) * --
Top 10 Holdings (%) 40.75
Portfolio P/B Ratio 3.55
Portfolio P/E Ratio 29.46

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 7.97 7.48
equal 9.50% Muthoot Finance 27/12/2021 Debenture AA+ 0.00 - 2.66 2.50
new 3.75% Edelweiss Custodial Services 26/03/2022 Fixed Deposits -- 0.00 - 1.45 1.45
equal 3.79% Edelweiss Custodial Services 2021 Fixed Deposits -- 0.00 - 1.29 1.21
new 3.78% Edelweiss Custodial Services 2021 Fixed Deposits -- 0.00 - 1.21 1.21
new 15.00% Edelweiss Custodial Services 29/12/2021 Fixed Deposits -- 0.00 - 1.21 1.21
new 3.75% Edelweiss Custodial Services 30/03/2022 Fixed Deposits -- 0.00 - 0.97 0.97
equal 3.75% Edelweiss Custodial Services 13/01/2022 Fixed Deposits -- 0.00 - 1.19 0.97
equal 3.75% Edelweiss Custodial Services 2022 Fixed Deposits -- 0.00 - 0.83 0.68
equal 3.75% Edelweiss Custodial Services 2022 Fixed Deposits -- 0.00 - 0.59 0.48
equal 4.00% Edelweiss Custodial Services 24/11/2021 Fixed Deposits -- 0.00 - 0.41 0.39
equal 3.75% Edelweiss Custodial Services 15/01/2022 Fixed Deposits -- 0.00 - 0.41 0.34
equal 3.79% Edelweiss Custodial Services 20/10/2021 Fixed Deposits -- 0.00 - 0.36 0.29
equal 3.75% Edelweiss Custodial Services 18/01/2022 Fixed Deposits -- 0.00 - 0.30 0.24
equal 3.75% Edelweiss Custodial Services 24/02/2022 Fixed Deposits -- 0.00 - 0.26 0.24
new 3.75% Edelweiss Custodial Services 17/03/2022 Fixed Deposits -- 0.00 - 0.24 0.24
equal 9.00% HDFC Bank 24/05/2021 Fixed Deposits -- 0.00 - 0.23 0.22
new 3.75% Edelweiss Custodial Services 18/03/2022 Fixed Deposits -- 0.00 - 0.19 0.19
new 5.46% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.15 0.15
equal 3.79% Edelweiss Custodial Services 2021 Fixed Deposits -- 0.00 - 0.18 0.15
equal 6.44% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.15 0.12
new 3.78% Edelweiss Custodial Services 14/12/2021 Fixed Deposits -- 0.00 - 0.10 0.10
new 5.46% HDFC Bank 30/06/2021 Fixed Deposits -- 0.00 - 0.09 0.09
equal 5.39% HDFC Bank 16/07/2021 Fixed Deposits -- 0.00 - 0.06 0.05

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up ICICI Bank Financial 26.57 6.79 1.74 6.01
up Infosys Technology 29.78 5.89 1.32 4.55
up HDFC Financial 26.52 5.87 0.90 4.00
up HDFC Bank Financial 25.67 5.94 2.60 3.89
equal Adani Ports and Special Economic Zone Services 37.98 3.96 0.00 3.40
up Bharti Airtel Communication -- 7.01 0.16 3.33
equal Reliance Industries Energy 30.95 7.42 1.44 2.80
down Divi's Laboratories Healthcare 54.27 4.06 0.27 2.79
down Nestle India FMCG 79.81 2.62 0.00 2.37
up Axis Bank Financial 68.55 3.87 1.61 2.19
new Apollo Hospitals Healthcare 217.97 2.11 0.00 2.11
equal Tata Consultancy Services Technology 36.95 5.12 1.27 1.82
equal State Bank of India Financial 13.08 4.11 1.02 1.81
equal Sun TV Network Services 14.64 2.12 0.00 1.71
new L&T Technology Services Engineering 42.47 1.67 0.00 1.67
new Indusind Bank Financial 28.86 2.67 0.00 1.62
down Mahindra & Mahindra Automobile -- 2.15 0.00 1.51
equal ACC Construction 24.71 2.76 0.00 1.25
up Larsen & Toubro Construction 16.63 5.48 0.88 1.21
down Hindustan Unilever FMCG 78.81 3.81 0.19 1.14
equal Maruti Suzuki India Automobile 44.92 4.49 0.88 1.01
new Container Corp. Services 43.70 0.95 0.00 0.95
equal Max Financial Services Financial 92.11 4.16 0.31 0.93
up SBI Life Insurance Company Financial 62.86 5.46 0.00 0.78
equal ITC FMCG 19.30 4.83 0.74 0.75

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Mar-2021

Fund Manager

— Harshad Borawake since 12-Oct-2019

Education: Mr. Borawake is MBA(Finance) & B.E.(Polymers)

Experience: Prior to joining Mirae Asset Mutual Fund, he has worked with Motilal Oswal Securities Ltd. as Vice President and Capmetrics & Risk Solutions Private Ltd. as Research Analyst - Equity.

Funds Managed:

— Bharti Sawant since 28-Dec-2020

Education: Ms. Sawant is an M.S. Finance ( ICFAI Hyderabad ), CFA and B.Com.

Experience: Prior to joining Mirae Asset Mutual Fund, She was associated with Sushil Finance Securities Pvt. Ltd., Latin Manharlal Securities Pvt. Ltd. and Kabu Shares and Stocking Pvt. Ltd. for Financial Analysis and Research.

Funds Managed:

— Vrijesh Kasera since 12-Oct-2019

Education: Mr. Kasera is a MBA (Finance), CFA (ICFAI).

Experience: Prior to joining Mirae Asset Mutual Fund, he was associated with Axis Capital Ltd. as an Equity Research Analyst. He has also been associated with Edelweiss Broking Ltd.

Funds Managed:

— Mahendra Kumar Jajoo since 26-Nov-2018

Education: Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.

Experience: Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.

Funds Managed:


0.07%

Change from previous, NAV as on 16-Apr-2021

Growth: ₹ 13.1240

IDCW: ₹ 12.0640


Investment Strategy

The scheme seeks 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.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load For units in excess of 15% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 18-Dec-2018
Return Since Launch: 12.38%
Benchmark: NIFTY Equity Savings TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 206 Cr (As on 31-Mar-2021)
Expense: 1.43% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: --
Turnover: 717.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW23-Mar-20211.0500

Contact Information

AMC: Mirae Asset Investment Managers (India) Pvt. Ltd.

Address: Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai - 400098

Phone: 022-67800301 / 1800-2090-777

Email: [email protected]

Website: http://www.miraeassetmf.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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