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 August 31, 2022 | 572.64 |
| Net AUM (₹ Cr.) |
582.79 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on August 31, 2022 |
Regular Plan: 1.41% Direct Plan: 0.41% |
| **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 | ₹ 15.519 | ₹ 14.912 |
| IDCW^ | ₹ 13.209 | ₹ 12.576 |
| Volatility | 10.07% |
| Beta: | 1.20 |
| R Squared | 0.94 |
| Sharpe Ratio#: | 0.72 |
| Information Ratio | 0.74 |
| Portfolio Turnover Ratio | 4.02 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 August, 2022.^Basis last rolling 12 months. |
|
Weighted Average Maturity |
3.87 Years |
Modified Duration |
3.17 Years |
Macaulay Duration |
3.39 Years |
Yield to Maturity |
6.89% |
| New Position Bought |
| Stock |
| Retailing |
| Zomato Limited |
| Aerospace & Defense |
| MTAR Technologies Limited |
| Positions Increased |
| Stock |
| Capital Markets |
| Indian Energy Exchange Limited |
| Industrial Products |
| Prince Pipes And Fittings Limited |
| Banks |
| State Bank of India |
| Positions Decreased |
| Stock |
| Diversified FMCG |
| Hindustan Unilever Limited |
| Consumer Durables |
| Kajaria Ceramics Limited |
| Voltas Limited |
| Insurance |
| HDFC Life Insurance Company Limited |
| IT - Software |
| Infosys Limited |
| Cement & Cement Products |
| Ambuja Cements Limited |
| Personal Products |
| Dabur India Limited |
| Beverages |
| Varun Beverages Limited |
| Industrial Products |
| Bharat Forge Limited |
| Banks |
| HDFC Bank Limited |
| The Federal Bank Limited |
| Fertilizers & Agrochemicals |
| Paradeep Phosphates Limited |
| 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 | 3.29% | |
| ICICI Bank Ltd | 2.98% | |
| Axis Bank Ltd | 2.71% | |
| State Bank of India | 1.88% | |
| AU Small Finance Bank Limited | 0.83% | |
| Kotak Mahindra Bank Ltd | 0.82% | |
| IndusInd Bank Ltd | 0.27% | |
| The Federal Bank Limited | 0.20% | |
| Equitas Small Finance Bank Limited | 0.01% | |
| Finance | ||
| Housing Development Finance Corporation Ltd | 2.08% | |
| Bajaj Finance Limited | 1.18% | |
| Can Fin Homes Limited | 0.99% | |
| IDFC Limited | 0.61% | |
| SBI Cards and Payment Services Limited | 0.60% | |
| Shriram City Union Finance Limited | 0.51% | |
| Muthoot Finance Limited | 0.32% | |
| Power Finance Corporation Ltd | 0.03% | |
| CreditAccess Grameen Limited | 0.01% | |
| Shriram Transport Finance Company Limited | 0.00% | |
| Equitas Holdings Ltd | 0.00% | |
| IT - Software | ||
| Infosys Ltd | 3.23% | |
| Tata Consultancy Services Ltd | 1.13% | |
| Persistent Systems Limited | 0.93% | |
| MphasiS Limited | 0.37% | |
| HCL Technologies Limited | 0.31% | |
| Consumer Durables | ||
| Bata India Limited | 1.40% | |
| Asian Paints Ltd | 0.86% | |
| Havells India Ltd | 0.63% | |
| Titan Company Ltd | 0.62% | |
| Kajaria Ceramics Ltd | 0.41% | |
| Crompton Greaves Consumer Electricals Limited | 0.30% | |
| Greenply Industries Limited | 0.26% | |
| Voltas Ltd | 0.09% | |
| Petroleum Products | ||
| Reliance Industries Ltd | 3.77% | |
| Hindustan Petroleum Corporation Ltd | 0.42% | |
| Bharat Petroleum Corporation Limited | 0.08% | |
| Insurance | ||
| SBI Life Insurance Company Limited | 1.62% | |
| ICICI Lombard General Insurance Company Limited | 1.46% | |
| HDFC Life Insurance Company Ltd | 0.46% | |
| Max Financial Services Ltd | 0.44% | |
| Automobiles | ||
| Maruti Suzuki India Ltd | 2.80% | |
| TVS Motor Company Ltd | 0.51% | |
| Tata Motors Limited | 0.50% | |
| Hero MotoCorp Limited | 0.12% | |
| Pharmaceuticals & Biotechnology | ||
| Sun Pharmaceutical Industries Ltd | 2.00% | |
| Aurobindo Pharma Ltd | 0.47% | |
| Laurus Labs Limited | 0.39% | |
| Torrent Pharmaceuticals Ltd | 0.36% | |
| Cipla Limited | 0.22% | |
| Glenmark Pharmaceuticals Limited | 0.21% | |
| Entertainment | ||
| Zee Entertainment Enterprises Ltd | 1.30% | |
| Sun TV Network Limited | 1.16% | |
| Personal Products | ||
| Dabur India Ltd | 1.16% | |
| Colgate Palmolive (India) Limited | 0.84% | |
| Emami Limited | 0.38% | |
| Cement & Cement Products | ||
| Ambuja Cements Limited | 0.99% | |
| Dalmia Bharat Limited | 0.61% | |
| Nuvoco Vistas Corporation Limited | 0.23% | |
| Retailing | ||
| Trent Limited | 0.88% | |
| Go Fashion (India) Limited | 0.58% | |
| Zomato Limited | 0.20% | |
| FSN E-Commerce Ventures Limited | 0.15% | |
| Chemicals & Petrochemicals | ||
| Deepak Nitrite Limited | 0.37% | |
| Vinati Organics Ltd | 0.37% | |
| Tatva Chintan Pharma Chem Limited | 0.30% | |
| Tata Chemicals Ltd | 0.25% | |
| Rain Industries Limited | 0.24% | |
| Chemplast Sanmar Limited | 0.20% | |
| Transport Infrastructure | ||
| Adani Ports and Special Economic Zone Limited | 1.45% | |
| Ferrous Metals | ||
| Tata Steel Ltd | 1.11% | |
| Jindal Steel & Power Limited | 0.28% | |
| Telecom - Services | ||
| Bharti Airtel Ltd | 1.06% | |
| Tata Communications Limited | 0.29% | |
| Power | ||
| NTPC Ltd | 0.76% | |
| Tata Power Company Limited | 0.55% | |
| Diversified FMCG | ||
| Hindustan Unilever Ltd | 0.71% | |
| ITC Ltd | 0.48% | |
| Construction | ||
| Larsen & Toubro Ltd | 1.18% | |
| Capital Markets | ||
| UTI Asset Management Company Limited | 0.49% | |
| Indian Energy Exchange Ltd | 0.46% | |
| Beverages | ||
| United Breweries Limited | 0.85% | |
| United Spirits Limited | 0.03% | |
| Varun Beverages Limited | 0.00% | |
| Healthcare Services | ||
| Krishna Institute Of Medical Sciences Limited | 0.47% | |
| Apollo Hospitals Enterprise Limited | 0.26% | |
| Aerospace & Defense | ||
| MTAR Technologies Limited | 0.42% | |
| Bharat Electronics Ltd | 0.29% | |
| Auto Components | ||
| Craftsman Automation Limited | 0.30% | |
| S.J.S. Enterprises Limited | 0.24% | |
| CEAT Limited | 0.16% | |
| Industrial Products | ||
| Prince Pipes And Fittings Limited | 0.34% | |
| Bharat Forge Limited | 0.19% | |
| Cummins India Limited | 0.15% | |
| Realty | ||
| DLF Limited | 0.54% | |
| Transport Services | ||
| Delhivery Limited | 0.40% | |
| Gateway Distriparks Limited | 0.05% | |
| Gas | ||
| Gujarat State Petronet Limited | 0.42% | |
| Food Products | ||
| Britannia Industries Ltd | 0.42% | |
| Fertilizers & Agrochemicals | ||
| Paradeep Phosphates Limited | 0.39% | |
| Leisure Services | ||
| Westlife Development Limited | 0.36% | |
| Non - Ferrous Metals | ||
| Hindalco Industries Limited | 0.34% | |
| Textiles & Apparels | ||
| Page Industries Ltd | 0.28% | |
| Financial Technology (Fintech) | ||
| One 97 Communications Limited | 0.10% | |
| Minerals & Mining | ||
| NMDC Limited | 0.06% | |
| Equity Holding Total | 71.76% | |
| Equity Futures | ||
| Power Finance Corporation Ltd September 2022 Future | -0.03% | |
| United Spirits Ltd September 2022 Future | -0.04% | |
| NMDC Ltd September 2022 Future | -0.06% | |
| ICICI Bank Ltd September 2022 Future | -0.06% | |
| Hero MotoCorp Ltd September 2022 Future | -0.12% | |
| Cummins India Ltd September 2022 Future | -0.15% | |
| Glenmark Pharmaceuticals Ltd September 2022 Future | -0.21% | |
| Cipla Ltd September 2022 Future | -0.22% | |
| Hindustan Unilever Ltd September 2022 Future | -0.23% | |
| Rain Industries Ltd September 2022 Future | -0.24% | |
| Tata Chemicals Ltd September 2022 Future | -0.25% | |
| Apollo Hospitals Enterprise Ltd September 2022 Future | -0.26% | |
| IndusInd Bank Ltd September 2022 Future | -0.28% | |
| Page Industries Ltd September 2022 Future | -0.28% | |
| Tata Communications Ltd September 2022 Future | -0.29% | |
| Deepak Nitrite Ltd September 2022 Future | -0.38% | |
| HDFC Life Insurance Company Ltd September 2022 Future | -0.46% | |
| Ambuja Cements Ltd September 2022 Future | -0.51% | |
| DLF Ltd September 2022 Future | -0.54% | |
| Tata Power Company Ltd September 2022 Future | -0.55% | |
| Can Fin Homes Ltd September 2022 Future | -0.57% | |
| Dalmia Bharat Ltd September 2022 Future | -0.61% | |
| IDFC Ltd September 2022 Future | -0.62% | |
| Titan Company Ltd September 2022 Future | -0.62% | |
| Tata Steel Ltd September 2022 Future | -0.64% | |
| Infosys Ltd September 2022 Future | -0.71% | |
| Kotak Mahindra Bank Ltd September 2022 Future | -0.75% | |
| AU Small Finance Bank Ltd September 2022 Future | -0.83% | |
| Colgate Palmolive (India) Ltd September 2022 Future | -0.85% | |
| United Breweries Ltd September 2022 Future | -0.85% | |
| Asian Paints Ltd September 2022 Future | -0.87% | |
| Trent Ltd September 2022 Future | -0.88% | |
| Dabur India Ltd September 2022 Future | -0.88% | |
| Bata India Ltd September 2022 Future | -0.90% | |
| Reliance Industries Ltd September 2022 Future | -0.91% | |
| Persistent Systems Ltd September 2022 Future | -0.94% | |
| Housing Development Finance Corporation Ltd September 2022 Future | -0.96% | |
| Axis Bank Ltd September 2022 Future | -0.99% | |
| SBI Life Insurance Company Ltd September 2022 Future | -0.99% | |
| HDFC Bank Ltd September 2022 Future | -1.03% | |
| ICICI Lombard General Insurance Company Ltd September 2022 Future | -1.14% | |
| Sun Pharmaceutical Industries Ltd September 2022 Future | -1.16% | |
| Sun TV Network Ltd September 2022 Future | -1.17% | |
| Bajaj Finance Ltd September 2022 Future | -1.18% | |
| Zee Entertainment Enterprises Ltd September 2022 Future | -1.29% | |
| Adani Ports and Special Economic Zone Ltd September 2022 Future | -1.45% | |
| Maruti Suzuki India Ltd September 2022 Future | -2.02% | |
| Equity Futures Total | -30.96% | |
| Government Bond | ||
| 5.63% GOI (12/04/2026) | 9.89% | |
| 5.74% GOI (15/11/2026) | 3.29% | |
| 6.54% GOI (17/01/2032) | 3.28% | |
| 6.18% GOI (04/11/2024) | 2.55% | |
| 3.96% GOI (09/11/2022) | 0.86% | |
| Government Bond Total | 19.87% | |
| Treasury Bill | ||
| 364 Days Tbill (03/08/2023) | 0.81% | |
| 364 Days Tbill (17/08/2023) | 0.81% | |
| 364 Days Tbill (24/08/2023) | 0.81% | |
| Treasury Bill Total | 2.43% | |
| Corporate Bond | ||
| 8.25% IIFL Finance Ltd (14/10/2023) | 0.85% | |
| Corporate Bond Total | 0.85% | |
| Cash & Other Receivables Total | 36.07% | |
| Total | 100.00% | |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 3.78% |
12.62% |
11.40% |
|
| Scheme Benchmark* | 4.58% |
10.31% |
3.61% |
|
| Additional Benchmark** | 11.40% |
9.67% |
5.65% |
|
| NAV as on 30th August, 2022 | ₹ 14.912 | |||
| Index Value ( 30th August, 2022) | Index Value of Scheme benchmark is 4,783.76 and CRISIL 10 Year Gilt Index is 4,075.48 | |||
| 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-August-2022 |
SI |
440,000 |
547,836 |
3 Yr |
360,000 |
431,943 |
1 Yr |
120,000 |
123,355 |
Returns (%) |
Period |
||
SI |
3yr |
1yr |
|
Fund Return& (%) |
12.00 |
12.23 |
5.25 |
Benchmark Return& (%) |
10.03 |
10.28 |
5.59 |
Add. Benchmark Return& (%) |
3.07 |
1.97 |
1.45 |
& 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