MIRAE ASSET
EQUITY SAVINGS FUND - (MAESF)
( Equity Savings Fund - An open ended scheme investing in equity, arbitrage and debt)
| Type of Scheme | Equity Savings Fund - 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 Managers** |
Mr. Harshad Borawake, Mr. Vrijesh Kasera,
(since October 12, 2019), Ms. Bharti Sawant (Equity portion) (since December 28, 2020) and Mr. Mahendra Jajoo (Debt portion) (since December 18, 2018) |
| Allotment Date | 18th December, 2018 |
| Benchmark Index | Nifty Equity Savings Index. |
| Minimum Investment Amount |
₹ 5,000/- (multiples of ₹ 1/- thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in 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 in case of Monthly or 3 in case of Quarterly option. |
| Load Structure | Entry load: NA Exit load: I. For investors who have opted for SWP under the plan: a) 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. b) 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: NIL II. 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 IDCW^ Option (Payout & Re-investment) |
| Monthly Average AUM (₹ Cr.) as on November 30, 2022 | 590.43 |
| Net AUM (₹ Cr.) |
592.44 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on November 30, 2022 |
Regular Plan: 1.41% Direct Plan: 0.42% |
| **For experience of Fund Managers Click Here | |
| ^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. | |
| NAV: | Direct | Regular |
| Growth | ₹ 15.951 | ₹ 15.289 |
| IDCW^ | ₹ 13.577 | ₹ 12.893 |
| Volatility | 10.04% |
| Beta: | 1.18 |
| R Squared | 0.93 |
| Sharpe Ratio#: | 0.55 |
| Information Ratio | 0.56 |
| Portfolio Turnover Ratio | 3.12 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 30th November, 2022.^Basis last rolling 12 months. |
|
Weighted Average Maturity |
3.87 Years |
Modified Duration |
3.14 Years |
Macaulay Duration |
3.36 Years |
Yield to Maturity |
7.17% |
| Record Date | IDCW (₹) | Face Value ( ₹) | Cum Nav ( ₹) |
22-Mar-22 |
1.10 per Unit |
10 |
13.327 |
Past Performance may or may not be sustained in future. Pursuant to payment of IDCW the NAV of the IDCW option of the scheme will fall to the extent of payout and statutory levy (if any). IDCW history is for MAESF - Regular Plan - IDCW Option
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 3.31% |
| ICICI Bank Ltd | 2.95% |
| Axis Bank Ltd | 2.95% |
| State Bank of India | 2.00% |
| Bandhan Bank Ltd | 1.15% |
| IndusInd Bank Ltd | 0.62% |
| The Federal Bank Ltd | 0.22% |
| Kotak Mahindra Bank Ltd | 0.17% |
| IT - Software | |
| Infosys Ltd | 3.74% |
| Tata Consultancy Services Ltd | 1.17% |
| HCL Technologies Ltd | 0.37% |
| MphasiS Ltd | 0.35% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 2.30% |
| Biocon Ltd | 0.90% |
| Dr. Reddy's Laboratories Ltd | 0.50% |
| Aurobindo Pharma Ltd | 0.39% |
| Torrent Pharmaceuticals Ltd | 0.37% |
| Laurus Labs Ltd | 0.27% |
| Zydus Lifesciences Ltd | 0.25% |
| Glenmark Pharmaceuticals Ltd | 0.16% |
| Consumer Durables | |
| Titan Company Ltd | 1.27% |
| Bata India Ltd | 1.22% |
| Asian Paints Ltd | 0.86% |
| Havells India Ltd | 0.61% |
| Kajaria Ceramics Ltd | 0.40% |
| Crompton Greaves Consumer Electricals Ltd | 0.26% |
| Greenply Industries Ltd | 0.22% |
| Petroleum Products | |
| Reliance Industries Ltd | 4.03% |
| Hindustan Petroleum Corporation Ltd | 0.41% |
| Bharat Petroleum Corporation Ltd | 0.08% |
| Automobiles | |
| Maruti Suzuki India Ltd | 2.63% |
| Tata Motors Ltd | 1.33% |
| TVS Motor Company Ltd | 0.49% |
| Cement & Cement Products | |
| Ambuja Cements Ltd | 1.90% |
| UltraTech Cement Ltd | 0.87% |
| Dalmia Bharat Ltd | 0.65% |
| Nuvoco Vistas Corporation Ltd | 0.24% |
| Insurance | |
| SBI Life Insurance Company Ltd | 1.57% |
| ICICI Lombard General Insurance Company Ltd | 1.35% |
| Max Financial Services Ltd | 0.37% |
| Finance | |
| Housing Development Finance Corporation Ltd | 1.22% |
| Shriram Transport Finance Company Ltd | 0.55% |
| SBI Cards and Payment Services Ltd | 0.53% |
| Can Fin Homes Ltd | 0.37% |
| Fusion Micro Finance Ltd | 0.28% |
| CreditAccess Grameen Ltd | 0.06% |
| Personal Products | |
| Dabur India Ltd | 1.20% |
| Marico Ltd | 0.86% |
| Godrej Consumer Products Ltd | 0.37% |
| Emami Ltd | 0.37% |
| Colgate Palmolive (India) Ltd | 0.14% |
| Diversified FMCG | |
| ITC Ltd | 1.35% |
| Hindustan Unilever Ltd | 0.48% |
| Entertainment | |
| Sun TV Network Ltd | 1.12% |
| Zee Entertainment Enterprises Ltd | 0.64% |
| Construction | |
| Larsen & Toubro Ltd | 1.67% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.32% |
| Jindal Steel & Power Ltd | 0.33% |
| Auto Components | |
| Apollo Tyres Ltd | 0.53% |
| Craftsman Automation Ltd | 0.34% |
| Balkrishna Industries Ltd | 0.32% |
| Sona BLW Precision Forgings Ltd | 0.22% |
| S.J.S. Enterprises Ltd | 0.22% |
| Retailing | |
| Go Fashion (India) Ltd | 0.60% |
| Info Edge (India) Ltd | 0.54% |
| Zomato Ltd | 0.33% |
| Electronics Mart India Ltd | 0.18% |
| Chemicals & Petrochemicals | |
| Tata Chemicals Ltd | 0.59% |
| Vinati Organics Ltd | 0.36% |
| Tatva Chintan Pharma Chem Ltd | 0.27% |
| Chemplast Sanmar Ltd | 0.18% |
| Rain Industries Ltd | 0.17% |
| SRF Ltd | 0.04% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.18% |
| Tata Communications Ltd | 0.36% |
| Transport Infrastructure | |
| Adani Ports and Special Economic Zone Ltd | 1.49% |
| Power | |
| NTPC Ltd | 0.71% |
| Tata Power Company Ltd | 0.64% |
| Food Products | |
| Nestle India Ltd | 0.79% |
| Britannia Industries Ltd | 0.42% |
| Beverages | |
| United Spirits Ltd | 0.97% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 0.69% |
| UTI Asset Management Company Ltd | 0.24% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Ltd | 0.57% |
| Apollo Hospitals Enterprise Ltd | 0.28% |
| Aerospace & Defense | |
| MTAR Technologies Ltd | 0.40% |
| Bharat Electronics Ltd | 0.38% |
| Agricultural, Commercial & Construction Vehicles | |
| Ashok Leyland Ltd | 0.77% |
| Realty | |
| DLF Ltd | 0.73% |
| Gas | |
| Gujarat State Petronet Ltd | 0.46% |
| Leisure Services | |
| Westlife Foodworld Ltd | 0.40% |
| Non - Ferrous Metals | |
| Hindalco Industries Ltd | 0.33% |
| National Aluminium Company Ltd | 0.05% |
| Industrial Products | |
| Prince Pipes And Fittings Ltd | 0.32% |
| Transport Services | |
| Delhivery Ltd | 0.23% |
| Gateway Distriparks Ltd | 0.04% |
| Industrial Manufacturing | |
| Honeywell Automation India Ltd | 0.25% |
| Financial Technology (Fintech) | |
| One 97 Communications Ltd | 0.07% |
| Fertilizers & Agrochemicals | |
| UPL Ltd | 0.05% |
| Equity Holding Total | 75.48% |
| Equity Futures | |
| SRF Ltd December 2022 Future | -0.05% |
| National Aluminium Company Ltd December 2022 Future | -0.05% |
| UPL Ltd December 2022 Future | -0.05% |
| Bharat Electronics Ltd December 2022 Future | -0.08% |
| Colgate Palmolive (India) Ltd December 2022 Future | -0.15% |
| Glenmark Pharmaceuticals Ltd December 2022 Future | -0.16% |
| Rain Industries Ltd December 2022 Future | -0.17% |
| Zydus Lifesciences Ltd December 2022 Future | -0.25% |
| Apollo Hospitals Enterprise Ltd December 2022 Future | -0.28% |
| Indian Energy Exchange Ltd December 2022 Future | -0.28% |
| Balkrishna Industries Ltd December 2022 Future | -0.32% |
| Tata Communications Ltd December 2022 Future | -0.36% |
| Godrej Consumer Products Ltd December 2022 Future | -0.37% |
| Dr. Reddy's Laboratories Ltd December 2022 Future | -0.51% |
| Larsen & Toubro Ltd December 2022 Future | -0.53% |
| Info Edge (India) Ltd December 2022 Future | -0.54% |
| Tata Chemicals Ltd December 2022 Future | -0.60% |
| IndusInd Bank Ltd December 2022 Future | -0.63% |
| Tata Power Company Ltd December 2022 Future | -0.64% |
| Zee Entertainment Enterprises Ltd December 2022 Future | -0.65% |
| Dalmia Bharat Ltd December 2022 Future | -0.65% |
| DLF Ltd December 2022 Future | -0.73% |
| Ashok Leyland Ltd December 2022 Future | -0.77% |
| Bata India Ltd December 2022 Future | -0.79% |
| Nestle India Ltd December 2022 Future | -0.80% |
| HDFC Bank Ltd December 2022 Future | -0.86% |
| ITC Ltd December 2022 Future | -0.86% |
| Axis Bank Ltd December 2022 Future | -0.86% |
| Asian Paints Ltd December 2022 Future | -0.86% |
| Tata Steel Ltd December 2022 Future | -0.86% |
| Marico Ltd December 2022 Future | -0.87% |
| Tata Motors Ltd December 2022 Future | -0.87% |
| Dabur India Ltd December 2022 Future | -0.88% |
| UltraTech Cement Ltd December 2022 Future | -0.88% |
| Biocon Ltd December 2022 Future | -0.91% |
| Reliance Industries Ltd December 2022 Future | -0.93% |
| United Spirits Ltd December 2022 Future | -0.98% |
| SBI Life Insurance Company Ltd December 2022 Future | -0.98% |
| ICICI Lombard General Insurance Company Ltd December 2022 Future | -1.06% |
| Infosys Ltd December 2022 Future | -1.08% |
| Sun TV Network Ltd December 2022 Future | -1.13% |
| Bandhan Bank Ltd December 2022 Future | -1.16% |
| Titan Company Ltd December 2022 Future | -1.18% |
| Ambuja Cements Ltd December 2022 Future | -1.21% |
| Sun Pharmaceutical Industries Ltd December 2022 Future | -1.34% |
| Adani Ports and Special Economic Zone Ltd December 2022 Future | -1.50% |
| Maruti Suzuki India Ltd December 2022 Future | -1.97% |
| Equity Futures Total | -33.65% |
| Government Bond | |
| 5.63% GOI (12/04/2026) | 4.04% |
| 7.38% GOI (20/06/2027) | 3.41% |
| 5.74% GOI (15/11/2026) | 3.22% |
| 6.54% GOI (17/01/2032) | 3.20% |
| 6.18% GOI (04/11/2024) | 2.50% |
| Government Bond Total | 16.37% |
| Treasury Bill | |
| 364 Days Tbill (03/08/2023) | 0.81% |
| 364 Days Tbill (17/08/2023) | 0.81% |
| 364 Days Tbill (24/08/2023) | 0.80% |
| 364 Days Tbill (12/10/2023) | 0.80% |
| Treasury Bill Total | 3.21% |
| Corporate Bond | |
| 8.25% IIFL Finance Ltd (14/10/2023) | 0.83% |
| Corporate Bond Total | 0.83% |
| Cash & Other Receivables Total | 37.75% |
| Total | 100.00% |
| New Position Bought |
| Stock |
| Leisure Services |
| Westlife Foodworld Limited |
| Finance |
| Fusion Micro Finance Limited |
| Shriram Transport Finance Company Limited |
| Positions Increased |
| Stock |
| Retailing |
| Zomato Limited |
| Positions Decreased |
| Stock |
| Food Products |
| Britannia Industries Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Construction |
| Larsen & Toubro Limited |
| Capital Markets |
| UTI Asset Management Company Limited |
| Banks |
| HDFC Bank Limited |
| ICICI Bank Limited |
| State Bank of India |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 5.29% |
11.46% |
11.33% |
|
| Scheme Benchmark* | 6.75% |
9.72% |
9.80% |
|
| Additional Benchmark** | -0.21% |
3.47% |
5.49% |
|
| NAV as on 30th November, 2022 | ₹ 15.289 | |||
| Index Value ( 30th November, 2022) | Index Value of Scheme benchmark is 4,916.33 and CRISIL 10 Year Gilt Index is 4,107.04 |
|||
| Allotment Date | 18th Dec, 2018 | |||
| Scheme Benchmark | *Nifty Equity Savings Index (TRI) | |||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | |||
Fund managers : Mr. Harshad Borawake (since October 12, 2019), Mr. Vrijesh Kasera (since October 12, 2019), Ms. Bharti Sawant (since December 28, 2020) and Mr. Mahendra Jajoo (Debt Portion) (since December 18, 2018)
Note: Returns below or for 1 year are absolute returns, returns above 1 year are CAGR- Compounded Annualized Growth returns.
| Period | Total Amount Invested | Mkt Value as on 30-November-2022 |
SI |
470,000 |
592,514 |
3 Yr |
360,000 |
430,450 |
1 Yr |
120,000 |
125,691 |
Returns (%) |
Period |
||
SI |
3yr |
1yr |
|
Fund Return& (%) |
11.85 |
11.97 |
8.93 |
Benchmark Return& (%) |
10.23 |
10.55 |
9.56 |
Add. Benchmark Return& (%) |
3.10 |
1.93 |
3.42 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
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
*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 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option