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Mirae Asset Equity Savings Fund - Direct Plan download report


1 Lakh

Investment Grown to
₹ 1.47 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.37 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
Mirae Asset Equity Savings Fund Direct-G 2.25 0.24 0.82 4.54 6.34 2.08 6.13 13.71 -- -- --
VR MIP TRI 1.72 0.06 0.74 4.56 5.65 1.63 5.50 8.92 -- -- --
Hybrid: Equity Savings 2.03 0.11 0.66 3.40 4.77 1.59 5.40 10.14 -- -- --
Rank within category 10 1 8 2 2 8 8 2 -- -- --
Number of funds in category 22 22 22 22 22 22 22 22 14 10 0

As on 12-Aug-2022

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 - Direct Plan  | Invest Online
5 star
Dec-18 6.13 13.71 -- 0.41 561
SBI Equity Savings Fund - Direct Plan
4 star
May-15 4.23 11.13 8.66 0.64 2,402
Kotak Equity Savings Fund - Direct Plan  | Invest Online
4 star
Oct-14 8.89 11.03 9.23 1.10 1,926
Mahindra Manulife Equity Savings Dhan Sanchay Yojana - Direct Plan
4 star
Feb-17 6.38 13.73 9.84 0.62 439
ICICI Prudential Equity Savings Fund - Direct Plan  | Invest Now
3 star
Dec-14 6.84 8.66 7.98 0.45 5,021

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 9.75 23-Mar-2020 - 22-Apr-2020 -18.20 20-Feb-2020 - 23-Mar-2020
Quarter 16.71 23-Mar-2020 - 22-Jun-2020 -17.10 23-Dec-2019 - 23-Mar-2020
Year 44.43 23-Mar-2020 - 23-Mar-2021 -9.41 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Mirae Asset Equity Savings Fund Direct-G 13.03 10.04 0.95 1.04 1.31 3.10
VR MIP TRI 8.41 7.21 0.68 0.88 -- --
Hybrid: Equity Savings 9.77 9.05 0.72 0.79 1.15 0.61
Rank within category 2 16 2 3 18 2
Number of funds in category 22 22 22 22 22 22

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

As on 31-Jul-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 96
Number of Bonds 8
Average Maturity (yrs) 3.82
Top 10 Holdings (%) 39.29
Portfolio P/B Ratio 3.16
Portfolio P/E Ratio 21.01

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 5.63% GOI 2026 GOI Securities SOV 9.12 - 13.42 10.27
equal 5.74% GOI 15/11/2026 GOI Securities SOV 0.00 - 3.62 3.41
equal 6.54% GOI 17/01/2032 GOI Securities SOV 0.00 - 3.60 3.38
equal 6.18% GOI 2024 GOI Securities SOV 2.65 - 4.74 2.65
equal Reserve Bank of India 364-D 19/08/2022 Treasury Bills SOV 1.78 - 2.94 1.78
equal Reserve Bank of India 364-D 25/08/2022 Treasury Bills SOV 0.00 - 1.30 0.89
equal 3.96% GOI 2022 GOI Securities SOV 0.00 - 1.34 0.89
equal 8.25% IIFL Finance 14/10/2023 Debenture AA 0.00 - 1.23 0.88

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
down Infosys Technology 30.12 5.89 1.32 3.77
down HDFC Bank Financial 20.78 5.94 2.71 3.74
up Reliance Industries Energy 26.83 7.22 1.85 3.73
up Maruti Suzuki India Automobile 59.18 3.05 0.62 2.81
equal ICICI Bank Financial 21.95 6.79 2.51 2.80
up Axis Bank Financial 14.47 3.87 1.64 2.72
equal HDFC Financial 19.49 5.87 0.74 2.41
up Sun Pharmaceutical Industries Healthcare 56.35 3.50 0.51 2.19
equal State Bank of India Financial 13.41 4.11 1.17 1.97
up Tata Steel Metals & Mining 3.53 3.34 0.36 1.96
down SBI Life Insurance Company Insurance 83.26 5.46 0.00 1.64
up Zee Entertainment Services 27.09 1.51 0.00 1.51
equal Bata India Consumer Discretionary 84.22 1.54 0.00 1.49
up Tata Motors Automobile -- 1.79 0.00 1.42
equal Adani Ports and Special Economic Zone Services 36.86 3.96 0.00 1.36
up Asian Paints Materials 94.49 2.47 0.00 1.33
down Titan Company Consumer Discretionary 74.64 1.75 0.00 1.26
up Larsen & Toubro Construction 28.17 2.98 0.94 1.25
down Bharti Airtel Communication 75.69 7.01 0.20 1.25
down Bajaj Finance Financial 51.32 1.73 0.00 1.21
equal Tata Consultancy Services Technology 32.06 5.12 1.21 1.21
equal Sun TV Network Services 10.63 2.69 0.00 1.14
new Trent Services 135.36 1.05 0.00 1.05
new Persistent Systems Technology 37.98 1.00 0.00 1.00
equal Indusind Bank Financial 15.44 2.67 0.00 0.94

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-Jul-2022

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:


0.24%

Change from previous, NAV as on 12-Aug-2022

Growth: ₹ 15.4650

IDCW: ₹ 13.1630


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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 5
Min. Withdrawal (₹) --
Min. 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: 12.68%
Benchmark: NIFTY Equity Savings TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 561 Cr (As on 31-Jul-2022)
Expense Ratio: 0.41% (As on 30-Jun-2022)
Risk Grade: Average
Return Grade: High
Turnover: 450.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW22-Mar-20221.0500

 23-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

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

Registrar & Transfer Agent: KFin Technologies 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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