VR Logo

Unrated

Mirae Asset Equity Savings Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Analyst's Choice?

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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.40 -0.09 0.09 -0.59 1.34 7.97 11.15 -- -- -- --
VR MIP TRI 0.30 -0.62 -0.42 -0.18 1.43 5.26 9.66 -- -- -- --
Hybrid: Equity Savings 0.38 -0.11 -0.37 -0.75 0.70 5.55 7.37 -- -- -- --
Rank within category 13 5 1 9 6 3 2 -- -- -- --
Number of funds in category 23 23 23 23 23 23 21 14 6 0 0

As on 25-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.52 (19-Sep-2019 - 26-Sep-2019) -1.57 (27-Sep-2019 - 04-Oct-2019)
Month 4.30 (07-Oct-2019 - 07-Nov-2019) -2.28 (05-Jul-2019 - 05-Aug-2019)
Quarter 7.51 (19-Sep-2019 - 19-Dec-2019) -1.95 (04-Jun-2019 - 03-Sep-2019)
Year 12.65 (19-Feb-2019 - 19-Feb-2020) 9.63 (01-Feb-2019 - 03-Feb-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR MIP TRI* 8.13 4.10 0.60 0.95 -- --
Hybrid: Equity Savings* 6.10 4.57 0.12 0.18 0.90 -1.80
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-Jan-2020

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 61
Number of Bonds 15
Average Maturity (yrs) 1.91
Top 10 Holdings (%) 39.73
Portfolio P/B Ratio 2.75
Portfolio P/E Ratio 22.70

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 9.50% Muthoot Finance 27/12/2021 Debenture AA 0.00 - 5.61 5.61
equal 6.30% HDFC Bank 21/11/2020 Fixed Deposits -- 0.00 - 1.10 0.90
new 6.30% HDFC Bank 14/01/2021 Fixed Deposits -- 0.00 - 0.78 0.78
new 6.55% HDFC Bank 17/10/2020 Fixed Deposits -- 0.00 - 0.67 0.67
new 7.68% HDFC Bank 2020 Fixed Deposits -- 0.00 - 0.56 0.56
new 6.30% HDFC Bank 15/01/2021 Fixed Deposits -- 0.00 - 0.56 0.56
equal 7.57% HDFC Bank 23/05/2020 Fixed Deposits -- 0.00 - 0.62 0.50
equal 7.71% HDFC Bank 18/03/2020 Fixed Deposits -- 0.00 - 0.52 0.45
new 7.68% HDFC Bank 22/02/2020 Fixed Deposits -- 0.00 - 0.45 0.45
equal 7.57% HDFC Bank 2020 Fixed Deposits -- 0.00 - 0.41 0.35
equal 7.12% HDFC Bank 19/08/2020 Fixed Deposits -- 0.00 - 0.41 0.34
new 7.71% HDFC Bank 2020 Fixed Deposits -- 0.00 - 0.28 0.28
equal 6.30% HDFC Bank 2020 Fixed Deposits -- 0.00 - 0.26 0.22
equal 7.57% HDFC Bank 29/06/2020 Fixed Deposits -- 0.00 - 0.25 0.21
new 7.57% HDFC Bank 16/07/2020 Fixed Deposits -- 0.00 - 0.11 0.11

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

ajax-loader
Please wait...

Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up ICICI Bank Financial 36.24 5.18 1.74 4.71
down HDFC Bank Financial 25.03 5.94 2.60 4.42
up HDFC Financial 18.27 5.87 0.90 4.18
up Dabur India FMCG 57.60 5.42 0.30 3.87
up State Bank of India Financial 24.82 4.11 1.02 3.70
up ITC FMCG 16.55 4.48 1.10 3.52
up Infosys Technology 20.80 5.53 1.32 3.45
up United Breweries FMCG 72.12 4.55 0.00 3.30
up Larsen & Toubro Construction 17.85 5.48 0.88 2.98
down Tata Consultancy Services Technology 24.96 5.12 1.27 2.71
up Indusind Bank Financial 17.77 2.67 0.83 2.67
down Reliance Industries Energy 20.70 7.42 1.44 2.62
down Axis Bank Financial 42.95 3.23 1.61 2.44
equal Cipla Healthcare 20.56 3.22 0.00 2.30
up Grasim Industries Construction 11.69 2.45 0.00 1.94
up Sun Pharmaceutical Inds. Healthcare 23.30 4.85 0.53 1.87
up Tata Consumer Products FMCG 57.36 1.99 0.55 1.72
new Vedanta Metals 5.83 2.20 0.00 1.62
down Max Financial Services Financial 51.08 4.16 0.31 1.60
equal Maruti Suzuki India Automobile 31.33 4.49 0.88 1.21
new Titan Company Cons Durable 74.73 1.00 0.00 1.00
equal Kotak Mahindra Bank Financial 36.73 4.37 0.73 0.99
equal MindTree Technology 27.76 0.97 0.00 0.80
up Hindustan Unilever FMCG 71.03 3.81 0.19 0.68
down Colgate-Palmolive FMCG 45.19 1.27 0.25 0.67

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-Jan-2020

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:

— 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:


-0.09%

Change from previous, NAV as on 25-Feb-2020

Growth: ₹ 11.1660

Dividend: ₹ 11.1710


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 (₹) --
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: 9.72%
Benchmark: NIFTY Equity Savings TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 89 Cr (As on 31-Jan-2020)
Expense: 1.77% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --
Turnover: 891.00%

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: 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

Upcoming Video

Investors' Hangout

Time to bet big on mid- and small-cap funds?

dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM