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Unrated

Mirae Asset Equity Savings Fund - Direct Plan


Hybrid: Equity Savings

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

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.

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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 -1.05 0.37 1.35 4.24 9.77 -1.34 5.45 -- -- -- --
VR MIP TRI -0.05 0.30 0.95 2.79 7.54 -0.34 3.19 -- -- -- --
Hybrid: Equity Savings -1.63 0.34 1.10 3.29 7.89 -2.02 1.48 -- -- -- --
Rank within category 8 5 4 5 4 8 3 -- -- -- --
Number of funds in category 23 23 23 23 23 23 21 14 7 0 0

As on 09-Jul-2020

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
Unrated
Dec-18 5.45 -- -- 0.39 88
Kotak Equity Savings Fund - Direct Plan  | Invest Online
4 star
Oct-14 5.03 6.55 7.47 1.21 1,395
ICICI Prudential Equity Savings Fund - Direct Plan  | Invest Now
4 star
Dec-14 1.00 5.27 -- 0.70 1,157
Axis Equity Saver Fund - Direct Plan  | Invest Online
4 star
Aug-15 2.89 6.38 -- 1.02 688
HDFC Equity Savings Fund - Direct Plan  | Invest Online
3 star
Jan-13 -1.78 3.70 7.88 1.27 3,141

Best & Worst Performance

Best (Period) Worst (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 14.04 (19-Feb-2019 - 19-Feb-2020) -9.41 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR MIP TRI* 6.06 6.50 0.12 0.13 -- --
Hybrid: Equity Savings* 4.08 9.00 -0.11 -0.10 1.29 -2.21
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 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 64
Number of Bonds 19
Average Maturity (yrs) * 1.06
Top 10 Holdings (%) 36.99
Portfolio P/B Ratio 2.02
Portfolio P/E Ratio 14.90

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 9.50% Muthoot Finance 27/12/2021 Debenture AA 0.00 - 5.90 5.63
equal 5.50% HDFC Bank 30/03/2021 Fixed Deposits -- 0.00 - 2.35 2.26
equal 6.40% HDFC Bank 2021 Fixed Deposits -- 0.00 - 1.58 1.58
equal 6.40% HDFC Bank 2021 Fixed Deposits -- 0.00 - 1.13 1.13
new 6.50% HDFC Bank 21/11/2020 Fixed Deposits -- 0.00 - 0.90 0.90
equal 6.40% HDFC Bank 14/01/2021 Fixed Deposits -- 0.00 - 0.79 0.79
equal 6.66% HDFC Bank 17/10/2020 Fixed Deposits -- 0.00 - 0.68 0.68
equal 6.40% HDFC Bank 15/01/2021 Fixed Deposits -- 0.00 - 0.57 0.57
new 6.40% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.57 0.57
equal 6.30% HDFC Bank 17/03/2021 Fixed Deposits -- 0.00 - 0.59 0.57
new 5.60% HDFC Bank 24/05/2021 Fixed Deposits -- 0.00 - 0.51 0.51
new 6.40% HDFC Bank 22/02/2021 Fixed Deposits -- 0.00 - 0.45 0.45
equal 6.15% HDFC Bank 18/03/2021 Fixed Deposits -- 0.00 - 0.47 0.45
equal 7.00% HDFC Bank 2020 Fixed Deposits -- 0.00 - 0.36 0.35
new 7.37% HDFC Bank 19/08/2020 Fixed Deposits -- 0.00 - 0.34 0.34
equal 6.15% HDFC Bank 2021 Fixed Deposits -- 0.00 - 0.28 0.28
equal 8.00% HDFC Bank 2020 Fixed Deposits -- 0.00 - 0.24 0.23
equal 7.71% HDFC Bank 29/06/2020 Fixed Deposits -- 0.00 - 0.22 0.21
equal 7.71% 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

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up Reliance Industries Energy 31.35 7.42 1.44 5.11
up SBI Life Insurance Company Financial 59.09 5.05 0.00 5.05
up Bharti Airtel Communication -- 7.01 0.16 4.33
equal HDFC Bank Financial 22.68 5.94 2.60 3.82
down Sun Pharmaceutical Inds. Healthcare 30.72 4.85 0.53 2.99
down ICICI Bank Financial 25.08 5.58 1.74 2.77
up Tata Steel Metals 26.64 6.02 0.42 2.69
up Larsen & Toubro Construction 13.89 5.48 0.88 2.34
up Dabur India FMCG 57.88 5.42 0.30 2.25
up HDFC Financial 15.72 5.87 0.90 2.04
up Hindustan Unilever FMCG 75.69 3.81 0.19 1.91
down Adani Ports and Special Economic Zone Services 18.52 3.96 0.00 1.83
down Infosys Technology 20.06 5.53 1.32 1.75
equal Axis Bank Financial 69.10 3.23 1.61 1.73
equal Max Financial Services Financial 104.04 4.16 0.31 1.69
down State Bank of India Financial 8.99 4.11 1.02 1.69
down Biocon Healthcare 65.13 4.46 0.00 1.54
equal Tata Consultancy Services Technology 25.58 5.12 1.27 1.52
down United Breweries FMCG 66.16 4.55 0.00 1.48
equal ITC FMCG 15.70 4.83 1.10 1.33
equal Maruti Suzuki India Automobile 31.95 4.49 0.88 1.16
new HCL Technologies Technology 14.44 3.80 0.00 1.13
equal Tata Consumer Products FMCG 86.41 1.99 0.48 0.88
equal Power Finance Corp. Financial 3.14 1.12 0.00 0.88
new Coal India Energy 4.81 1.35 0.00 0.86

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-May-2020

*As on 30-Apr-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:


0.37%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 11.1490

Dividend: ₹ 11.1450


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: 7.23%
Benchmark: NIFTY Equity Savings TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 88 Cr (As on 31-May-2020)
Expense: 0.39% (As on 31-May-2020)
Risk Grade: --
Return Grade: --
Turnover: 1,034.00%

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: 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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