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 December 30, 2022 | 590.44 |
| Net AUM (₹ Cr.) |
589.03 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on December 30, 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 | ₹ 15.840 | ₹ 15.170 |
| IDCW^ | ₹ 13.483 | ₹ 12.793 |
| Volatility | 10.10% |
| Beta: | 1.18 |
| R Squared | 0.93 |
| Sharpe Ratio#: | 0.43 |
| Information Ratio | 0.53 |
| Portfolio Turnover Ratio | 2.75 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 December, 2022.^Basis last rolling 12 months. |
|
Average Maturity |
3.79 Years |
Modified Duration |
3.08 Years |
Macaulay Duration |
3.30 Years |
Annualized Portfolio YTM* |
7.29% |
| 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 | |
| Axis Bank Ltd | 3.04% |
| ICICI Bank Ltd | 2.68% |
| HDFC Bank Ltd | 2.50% |
| State Bank of India | 1.91% |
| Bandhan Bank Ltd | 1.14% |
| Kotak Mahindra Bank Ltd | 0.93% |
| IndusInd Bank Ltd | 0.85% |
| The Federal Bank Ltd | 0.24% |
| IT - Software | |
| Infosys Ltd | 3.32% |
| Tata Consultancy Services Ltd | 1.13% |
| Tech Mahindra Ltd | 0.77% |
| HCL Technologies Ltd | 0.34% |
| MphasiS Ltd | 0.34% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 2.11% |
| Dr. Reddy's Laboratories Ltd | 1.28% |
| Biocon Ltd | 0.84% |
| Aurobindo Pharma Ltd | 0.37% |
| Torrent Pharmaceuticals Ltd | 0.35% |
| Laurus Labs Ltd | 0.25% |
| Consumer Durables | |
| Titan Company Ltd | 1.25% |
| Bata India Ltd | 1.17% |
| Asian Paints Ltd | 0.84% |
| Havells India Ltd | 0.54% |
| Kajaria Ceramics Ltd | 0.41% |
| Whirlpool of India Ltd | 0.38% |
| Crompton Greaves Consumer Electricals Ltd | 0.24% |
| Greenply Industries Ltd | 0.20% |
| Petroleum Products | |
| Reliance Industries Ltd | 3.81% |
| Hindustan Petroleum Corporation Ltd | 0.40% |
| Bharat Petroleum Corporation Ltd | 0.08% |
| Finance | |
| Housing Development Finance Corporation Ltd | 2.05% |
| Shriram Finance Ltd | 0.57% |
| SBI Cards and Payment Services Ltd | 0.51% |
| Can Fin Homes Ltd | 0.36% |
| Fusion Micro Finance Ltd | 0.28% |
| Power Finance Corporation Ltd | 0.25% |
| CreditAccess Grameen Ltd | 0.05% |
| Cement & Cement Products | |
| Ambuja Cements Ltd | 1.75% |
| UltraTech Cement Ltd | 0.86% |
| Dalmia Bharat Ltd | 0.66% |
| Nuvoco Vistas Corporation Ltd | 0.24% |
| Automobiles | |
| Maruti Suzuki India Ltd | 2.54% |
| TVS Motor Company Ltd | 0.51% |
| Tata Motors Ltd | 0.41% |
| Insurance | |
| ICICI Lombard General Insurance Company Ltd | 1.38% |
| SBI Life Insurance Company Ltd | 0.73% |
| Max Financial Services Ltd | 0.36% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.60% |
| Tata Communications Ltd | 0.83% |
| Diversified FMCG | |
| ITC Ltd | 1.47% |
| Hindustan Unilever Ltd | 0.46% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.38% |
| Jindal Steel & Power Ltd | 0.36% |
| Entertainment | |
| Sun TV Network Ltd | 1.12% |
| Zee Entertainment Enterprises Ltd | 0.59% |
| Auto Components | |
| Apollo Tyres Ltd | 0.55% |
| Craftsman Automation Ltd | 0.40% |
| S.J.S. Enterprises Ltd | 0.24% |
| Sona BLW Precision Forgings Ltd | 0.21% |
| Transport Infrastructure | |
| Adani Ports and Special Economic Zone Ltd | 1.39% |
| Chemicals & Petrochemicals | |
| Tata Chemicals Ltd | 0.54% |
| Vinati Organics Ltd | 0.33% |
| Tatva Chintan Pharma Chem Ltd | 0.26% |
| Chemplast Sanmar Ltd | 0.21% |
| Power | |
| Tata Power Company Ltd | 0.60% |
| NTPC Ltd | 0.59% |
| Retailing | |
| Go Fashion (India) Ltd | 0.59% |
| Zomato Ltd | 0.33% |
| Electronics Mart India Ltd | 0.18% |
| Construction | |
| Larsen & Toubro Ltd | 1.05% |
| Personal Products | |
| Godrej Consumer Products Ltd | 0.37% |
| Emami Ltd | 0.33% |
| Dabur India Ltd | 0.31% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 0.39% |
| KFin Technologies Ltd | 0.32% |
| UTI Asset Management Company Ltd | 0.27% |
| Food Products | |
| Nestle India Ltd | 0.77% |
| Britannia Industries Ltd | 0.16% |
| Beverages | |
| United Spirits Ltd | 0.92% |
| Consumable Fuels | |
| Coal India Ltd | 0.85% |
| Agricultural Food & other Products | |
| Tata Consumer Products Ltd | 0.80% |
| Aerospace & Defense | |
| MTAR Technologies Ltd | 0.41% |
| Bharat Electronics Ltd | 0.37% |
| Agricultural, Commercial & Construction Vehicles | |
| Ashok Leyland Ltd | 0.74% |
| Realty | |
| DLF Ltd | 0.68% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Ltd | 0.60% |
| Gas | |
| Gujarat State Petronet Ltd | 0.45% |
| Leisure Services | |
| Westlife Foodworld Ltd | 0.44% |
| Non - Ferrous Metals | |
| Hindalco Industries Ltd | 0.35% |
| Industrial Products | |
| Prince Pipes And Fittings Ltd | 0.34% |
| 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 | 73.01% |
| Equity Futures | |
| UPL Ltd January 2023 Future | -0.05% |
| SBI Life Insurance Company Ltd January 2023 Future | -0.16% |
| Power Finance Corporation Ltd January 2023 Future | -0.25% |
| Godrej Consumer Products Ltd January 2023 Future | -0.37% |
| Whirlpool of India Ltd January 2023 Future | -0.38% |
| Tata Chemicals Ltd January 2023 Future | -0.54% |
| Zee Entertainment Enterprises Ltd January 2023 Future | -0.59% |
| Tata Power Company Ltd January 2023 Future | -0.60% |
| Bharti Airtel Ltd January 2023 Future | -0.62% |
| Dalmia Bharat Ltd January 2023 Future | -0.67% |
| DLF Ltd January 2023 Future | -0.69% |
| Ashok Leyland Ltd January 2023 Future | -0.75% |
| Bata India Ltd January 2023 Future | -0.76% |
| Tech Mahindra Ltd January 2023 Future | -0.77% |
| Kotak Mahindra Bank Ltd January 2023 Future | -0.77% |
| Nestle India Ltd January 2023 Future | -0.78% |
| Tata Consumer Products Ltd January 2023 Future | -0.80% |
| Tata Communications Ltd January 2023 Future | -0.84% |
| ITC Ltd January 2023 Future | -0.84% |
| Biocon Ltd January 2023 Future | -0.84% |
| Asian Paints Ltd January 2023 Future | -0.84% |
| Housing Development Finance Corporation Ltd January 2023 Future | -0.85% |
| IndusInd Bank Ltd January 2023 Future | -0.85% |
| Coal India Ltd January 2023 Future | -0.85% |
| Infosys Ltd January 2023 Future | -0.86% |
| Axis Bank Ltd January 2023 Future | -0.86% |
| UltraTech Cement Ltd January 2023 Future | -0.87% |
| Reliance Industries Ltd January 2023 Future | -0.87% |
| Tata Steel Ltd January 2023 Future | -0.90% |
| United Spirits Ltd January 2023 Future | -0.93% |
| ICICI Lombard General Insurance Company Ltd January 2023 Future | -1.09% |
| Ambuja Cements Ltd January 2023 Future | -1.11% |
| Sun TV Network Ltd January 2023 Future | -1.12% |
| Bandhan Bank Ltd January 2023 Future | -1.15% |
| Titan Company Ltd January 2023 Future | -1.16% |
| Dr. Reddy's Laboratories Ltd January 2023 Future | -1.28% |
| Sun Pharmaceutical Industries Ltd January 2023 Future | -1.29% |
| Adani Ports and Special Economic Zone Ltd January 2023 Future | -1.40% |
| Maruti Suzuki India Ltd January 2023 Future | -1.85% |
| Equity Futures Total | -32.20% |
| Government Bond | |
| 5.63% GOI (12/04/2026) | 4.06% |
| 7.38% GOI (20/06/2027) | 3.41% |
| 5.74% GOI (15/11/2026) | 3.23% |
| 6.54% GOI (17/01/2032) | 3.21% |
| 6.18% GOI (04/11/2024) | 2.51% |
| Government Bond Total | 16.43% |
| Treasury Bill | |
| 364 Days Tbill (03/08/2023) | 0.82% |
| 364 Days Tbill (17/08/2023) | 0.81% |
| 364 Days Tbill (24/08/2023) | 0.81% |
| 364 Days Tbill (12/10/2023) | 0.81% |
| Treasury Bill Total | 3.25% |
| Corporate Bond | |
| 8.25% IIFL Finance Ltd (14/10/2023) | 0.85% |
| Corporate Bond Total | 0.85% |
| Cash & Other Receivables Total | 38.67% |
| Total | 100.00% |
| New Position Bought |
| Stock |
| Capital Markets |
| KFin Technologies Limited |
| Finance |
| Shriram Finance Limited |
| Positions Increased |
| Stock |
| Aerospace & Defense |
| Bharat Electronics Limited |
| Automobiles |
| Maruti Suzuki India Limited |
| Diversified FMCG |
| ITC Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Retailing |
| Zomato Limited |
| Positions Decreased |
| Stock |
| Banks |
| ICICI Bank Limited |
| State Bank of India |
| Construction |
| Larsen & Toubro Limited |
| Food Products |
| Britannia Industries Limited |
| Pharmaceuticals & Biotechnology |
| Sun Pharmaceutical Industries Limited |
| Power |
| NTPC Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 3.68% |
10.90% |
10.87% |
|
| Scheme Benchmark* | 5.20% |
9.15% |
9.35% |
|
| Additional Benchmark** | 0.44% |
3.61% |
5.45% |
|
| NAV as on 30th December, 2022 | ₹ 15.170 | |||
| Index Value ( 30th December, 2022) | Index Value of Scheme benchmark is 4,873.17 and CRISIL 10 Year Gilt Index is 4,118.89 |
|||
| 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-December-2022 |
SI |
480,000 |
597,804 |
3 Yr |
360,000 |
423,241 |
1 Yr |
120,000 |
124,202 |
Returns (%) |
Period |
||
SI |
3yr |
1yr |
|
Fund Return& (%) |
10.98 |
10.82 |
6.59 |
Benchmark Return& (%) |
9.37 |
9.43 |
6.81 |
Add. Benchmark Return& (%) |
3.12 |
1.91 |
3.91 |
& 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