MIRAE ASSET
EQUITY SAVINGS FUND - (MAESF)
(An open ended scheme investing in equity, arbitrage and debt)
| Type of Scheme | 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 Manager** |
Mr. Harshad Borawake, Mr. Vrijesh Kasera (Equity portion) (since 12th October 2019) & Mr. Mahendra Jajoo (Since Inception) |
| Allotment Date | 18th December, 2018 |
| Benchmark Index | Nifty Equity Savings Index. |
| Minimum Investment Amount |
Lump Sum: ₹ 5,000/- (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 installments |
| Load Structure | Entry load: NA Exit load: I. For investors who have opted for SWP under the plan: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.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: NILII. 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 Dividend Option (Payout & Re-investment) |
| Monthly Average AUM (₹ Cr.) as on August 31, 2020 | 100.24 |
| Net AUM (₹ Cr.) |
102.78 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on August 31, 2020 |
Regular Plan: 1.45% Direct Plan: 0.45% |
| ANY DATE SIP provides one of the better investment experiences by allowing the investor to choose any investment date of the month (i.e., from 1st to 28th) depending upon the investors' expense and income flow. | |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct Plan | Regular Plan |
| Growth Option | ₹ 11.674 | ₹ 11.449 |
| Dividend Option | ₹ 11.669 | ₹ 11.453 |
| Portfolio Turnover Ratio^ | 10.01 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 August 2020. ^Basis last rolling 12 months. |
|
| New Position Bought |
| Stock |
| Auto |
| Ashok Leyland Limited |
| Pharmaceuticals |
| Dr. Reddy's Laboratories Limited |
| Lupin Limited |
| Positions Exited |
| Stock |
| Banks |
| Kotak Mahindra Bank Limited |
| Chemicals |
| Tata Chemicals Limited |
| Vinati Organics Limited |
| Non - Ferrous Metals |
| Vedanta Limited |
| Petroleum Products |
| Indian Oil Corporation Limited |
| Positions Increased |
| Stock |
| Banks |
| Axis Bank Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Finance |
| Housing Development Finance Corporation Limited |
| Muthoot Finance Limited |
| Gas |
| Gujarat State Petronet Limited |
| Industrial Products |
| Prince Pipes And Fittings Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Positions Decreased |
| Stock |
| Banks |
| IndusInd Bank Limited |
| Consumer Non Durables |
| ITC Limited |
| Tata Consumer Products Limited |
| Finance |
| HDFC Life Insurance Company Limited |
| SBI Life Insurance Company Limited |
| Industrial Capital Goods |
| Bharat Electronics Limited |
| Pharmaceuticals |
| Aurobindo Pharma Limited |
| Biocon Limited |
| Laurus Labs Limited |
| Sun Pharmaceutical Industries Limited |
| Software |
| MindTree Limited |
| Portfolio Holdings | % Allocation |
| Banks | |
| ICICI Bank Ltd | 6.79% |
| HDFC Bank Ltd | 3.85% |
| Axis Bank Ltd | 2.97% |
| State Bank of India | 1.78% |
| IndusInd Bank Ltd | 0.37% |
| The Federal Bank Ltd | 0.27% |
| Finance | |
| SBI Life Insurance Company Ltd | 4.58% |
| Housing Development Finance Corporation Ltd | 2.77% |
| Power Finance Corporation Ltd | 2.03% |
| Max Financial Services Ltd | 1.79% |
| Muthoot Finance Ltd | 0.91% |
| HDFC Life Insurance Company Ltd | 0.39% |
| Bajaj Finance Ltd | 0.34% |
| Cholamandalam Investment and Finance Company Ltd | 0.17% |
| Software | |
| Infosys Ltd | 5.89% |
| Tata Consultancy Services Ltd | 1.92% |
| MindTree Ltd | 0.71% |
| HCL Technologies Ltd | 0.57% |
| Pharmaceuticals | |
| Sun Pharmaceutical Industries Ltd | 2.59% |
| Biocon Ltd | 2.02% |
| Divi's Laboratories Ltd | 1.15% |
| Laurus Labs Ltd | 0.55% |
| Lupin Ltd | 0.45% |
| Dr. Reddy's Laboratories Ltd | 0.35% |
| Torrent Pharmaceuticals Ltd | 0.28% |
| Aurobindo Pharma Ltd | 0.16% |
| Petroleum Products | |
| Reliance Industries Ltd* | 4.67% |
| Hindustan Petroleum Corporation Ltd | 0.55% |
| Bharat Petroleum Corporation Ltd | 0.53% |
| Telecom - Services | |
| Bharti Airtel Ltd | 4.79% |
| Consumer Non Durables | |
| ITC Ltd | 1.20% |
| Dabur India Ltd | 0.97% |
| Hindustan Unilever Ltd | 0.95% |
| Emami Ltd | 0.56% |
| Tata Consumer Products Ltd | 0.48% |
| United Breweries Ltd | 0.31% |
| Industrial Products | |
| SRF Ltd | 1.49% |
| Prince Pipes And Fittings Ltd | 0.30% |
| Transportation | |
| Adani Ports and Special Economic Zone Ltd | 1.73% |
| Auto | |
| Maruti Suzuki India Ltd | 1.32% |
| Ashok Leyland Ltd | 0.33% |
| Construction Project | |
| Larsen & Toubro Ltd | 1.28% |
| Consumer Durables | |
| Voltas Ltd | 0.53% |
| Titan Company Ltd | 0.47% |
| Havells India Ltd | 0.19% |
| Gas | |
| Gujarat State Petronet Ltd | 0.68% |
| Petronet LNG Ltd | 0.29% |
| Chemicals | |
| Rossari Biotech Ltd | 0.86% |
| Power | |
| NTPC Ltd | 0.62% |
| Retailing | |
| Avenue Supermarts Ltd | 0.33% |
| Aditya Birla Fashion and Retail Ltd | 0.21% |
| Auto Ancillaries | |
| CEAT Ltd | 0.28% |
| Balkrishna Industries Ltd | 0.23% |
| Ferrous Metals | |
| Tata Steel Ltd | 0.51% |
| Non - Ferrous Metals | |
| National Aluminium Company Ltd | 0.42% |
| Minerals/Mining | |
| Coal India Ltd | 0.39% |
| Construction | |
| Kajaria Ceramics Ltd | 0.22% |
| Textile Products | |
| Page Industries Ltd | 0.17% |
| Industrial Capital Goods | |
| Bharat Electronics Ltd | 0.11% |
| Equity Holding Total | 73.64% |
| Equity Futures | |
| Coal India Ltd | -0.39% |
| National Aluminium Company Ltd | -0.42% |
| Dabur India Ltd | -0.52% |
| HCL Technologies Ltd | -0.57% |
| Divi's Laboratories Ltd | -0.73% |
| Axis Bank Ltd | -0.81% |
| Power Finance Corporation Ltd | -1.09% |
| SRF Ltd | -1.19% |
| Housing Development Finance Corporation Ltd | -1.61% |
| Adani Ports and Special Economic Zone Ltd | -1.74% |
| Biocon Ltd | -2.02% |
| Sun Pharmaceutical Industries Ltd | -2.13% |
| Infosys Ltd | -3.26% |
| Bharti Airtel Ltd | -3.72% |
| ICICI Bank Ltd | -3.97% |
| SBI Life Insurance Company Ltd | -4.30% |
| Equity Futures Total | -28.47% |
| Corporate Bond | |
| 9.5% Muthoot Finance Ltd (27/12/21) | 5.03% |
| Corporate Bond Total | 5.03% |
| Cash & Other Receivables Total | 49.80% |
| Total | 100.00% |
*Includes "Partly Paid Shares"
| Returns (%) | ||||
| 1 Yr | SI | |||
| MAESF | 9.72 |
8.25 |
||
| Scheme Benchmark* | 7.27 |
7.15 |
||
| Additional Benchmark** | 4.60 |
5.06 |
||
| NAV as on 31st August, 2020 | 11.449 | |||
| Index Value (31st August, 2020) | Index Value of Scheme benchmark is 3821.54 and S&P BSE Sensex (TRI) is 56932.37 | |||
| Allotment Date | 18th Dec, 2018 | |||
| Scheme Benchmark | *Nifty Equity Savings Index (TRI) | |||
| Additional Benchmark | **S&P BSE Sensex (TRI) | |||
Note:1. Different Plans under the scheme has different expense structure. The reference and details provided herein are of Regular Plan - Growth Option
2. Fund managers : Mr.Vrijesh Kasera (since October 2019) Mr. Harshad Borawake (since October 2019) and Mr.
Mahendra Jajoo (DebtPortion) (sinceDecember 2018)
3. The scheme is in existence for more than 1 year and less than 3 years.
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
• Degree of risk – MODERATELY HIGH
*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 