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 February 28, 2023 | 580.92 |
| Net AUM (₹ Cr.) |
573.40 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on February 28, 2023 |
Regular Plan: 1.43% Direct Plan: 0.44% |
| **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 | ₹ 15.594 | ₹ 14.910 |
| IDCW^ | ₹ 12.188 | ₹ 11.538 |
| New Position Bought |
| Stock |
| Banks |
| City Union Bank Limited |
| Finance |
| Bajaj Finserv Limited |
| Food Products |
| Nestle India Limited |
| Positions Increased |
| Stock |
| Automobiles |
| Tata Motors Limited |
| Construction |
| Larsen & Toubro Limited |
| Consumer Durables |
| Titan Company Limited |
| Diversified FMCG |
| Hindustan Unilever Limited |
| Finance |
| Fusion Micro Finance Limited |
| IT - Software |
| MphasiS Limited |
| Leisure Services |
| Westlife Foodworld Limited |
| Non - Ferrous Metals |
| Hindalco Industries Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Pharmaceuticals & Biotechnology |
| Torrent Pharmaceuticals Limited |
| Positions Decreased |
| Stock |
| Ferrous Metals |
| Jindal Steel & Power Limited |
| IT - Software |
| Infosys Limited |
| Retailing |
| Zomato Limited |
| Period | Total Amount Invested | Mkt Value as on 28-February-2023 |
SI |
500,000 |
607,286 |
3 Yr |
360,000 |
408,801 |
1 Yr |
120,000 |
121,531 |
Returns (%) |
Period |
||
SI |
3yr |
1yr |
|
Fund Return& (%) |
9.31 |
8.46 |
2.39 |
Benchmark Return& (%) |
8.23 |
7.81 |
3.79 |
Add. Benchmark Return& (%) |
3.05 |
1.77 |
4.01 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Portfolio Holdings | % Allocation |
Banks |
|
HDFC Bank Ltd |
3.57% |
ICICI Bank Ltd |
3.34% |
Axis Bank Ltd |
2.95% |
State Bank of India |
2.65% |
Bandhan Bank Ltd |
1.15% |
Kotak Mahindra Bank Ltd |
1.02% |
Bank of Baroda |
0.97% |
IndusInd Bank Ltd |
0.77% |
City Union Bank Ltd |
0.25% |
The Federal Bank Ltd |
0.23% |
Pharmaceuticals & Biotechnology |
|
Sun Pharmaceutical Industries Ltd |
1.95% |
Dr. Reddy's Laboratories Ltd |
0.92% |
Cipla Ltd |
0.77% |
Aurobindo Pharma Ltd |
0.40% |
Torrent Pharmaceuticals Ltd |
0.40% |
Biocon Ltd |
0.34% |
Laurus Labs Ltd |
0.21% |
Finance |
|
Housing Development Finance Corporation Ltd |
2.08% |
Shriram Finance Ltd |
0.51% |
SBI Cards and Payment Services Ltd |
0.49% |
Can Fin Homes Ltd |
0.45% |
Fusion Micro Finance Ltd |
0.42% |
REC Ltd |
0.32% |
Bajaj Finserv Ltd |
0.31% |
IT - Software |
|
Infosys Ltd |
2.32% |
Tata Consultancy Services Ltd |
1.18% |
MphasiS Ltd |
0.40% |
HCL Technologies Ltd |
0.37% |
Petroleum Products |
|
Reliance Industries Ltd |
3.68% |
Hindustan Petroleum Corporation Ltd |
0.34% |
Cement & Cement Products |
|
Ambuja Cements Ltd |
1.18% |
Grasim Industries Ltd |
0.85% |
Dalmia Bharat Ltd |
0.67% |
Nuvoco Vistas Corporation Ltd |
0.23% |
Telecom - Services |
|
Bharti Airtel Ltd |
1.88% |
Tata Communications Ltd |
0.81% |
Insurance |
|
SBI Life Insurance Company Ltd |
1.44% |
ICICI Lombard General Insurance Company Ltd |
0.84% |
Max Financial Services Ltd |
0.37% |
Automobiles |
|
Mahindra & Mahindra Ltd |
0.84% |
Maruti Suzuki India Ltd |
0.74% |
TVS Motor Company Ltd |
0.52% |
Tata Motors Ltd |
0.51% |
Consumer Durables |
|
Titan Company Ltd |
1.08% |
Havells India Ltd |
0.60% |
Kajaria Ceramics Ltd |
0.39% |
Crompton Greaves Consumer Electricals Ltd |
0.22% |
Greenply Industries Ltd |
0.19% |
Bata India Ltd |
0.05% |
Diversified FMCG |
|
Hindustan Unilever Ltd |
1.42% |
ITC Ltd |
0.73% |
Construction |
|
Larsen & Toubro Ltd |
1.99% |
Power |
|
NTPC Ltd |
1.17% |
Tata Power Company Ltd |
0.60% |
Ferrous Metals |
|
Tata Steel Ltd |
1.34% |
Jindal Steel & Power Ltd |
0.23% |
Entertainment |
|
Sun TV Network Ltd |
1.01% |
Zee Entertainment Enterprises Ltd |
0.49% |
Chemicals & Petrochemicals |
|
Tata Chemicals Ltd |
0.58% |
Vinati Organics Ltd |
0.32% |
Tatva Chintan Pharma Chem Ltd |
0.24% |
Chemplast Sanmar Ltd |
0.19% |
Non - Ferrous Metals |
|
Hindalco Industries Ltd |
1.20% |
Auto Components |
|
Apollo Tyres Ltd |
0.55% |
Craftsman Automation Ltd |
0.39% |
Sona BLW Precision Forgings Ltd |
0.23% |
Personal Products |
|
Godrej Consumer Products Ltd |
0.40% |
Emami Ltd |
0.32% |
Dabur India Ltd |
0.31% |
Retailing |
|
Go Fashion (India) Ltd |
0.46% |
Zomato Ltd |
0.35% |
Electronics Mart India Ltd |
0.15% |
Aerospace & Defense |
|
MTAR Technologies Ltd |
0.44% |
Bharat Electronics Ltd |
0.36% |
Beverages |
|
United Spirits Ltd |
0.80% |
Industrial Products |
|
Bharat Forge Ltd |
0.43% |
Prince Pipes And Fittings Ltd |
0.32% |
Agricultural, Commercial & Construction Vehicles |
|
Ashok Leyland Ltd |
0.74% |
Capital Markets |
|
Indian Energy Exchange Ltd |
0.42% |
KFin Technologies Ltd |
0.28% |
Healthcare Services |
|
Krishna Institute Of Medical Sciences Ltd |
0.53% |
Gas |
|
Gujarat State Petronet Ltd |
0.50% |
Food Products |
|
Nestle India Ltd |
0.31% |
Britannia Industries Ltd |
0.17% |
Agricultural Food & other Products |
|
Tata Consumer Products Ltd |
0.43% |
Leisure Services |
|
Westlife Foodworld Ltd |
0.39% |
Transport Services |
|
Delhivery Ltd |
0.25% |
Gateway Distriparks Ltd |
0.04% |
Realty |
|
DLF Ltd |
0.25% |
Industrial Manufacturing |
|
Honeywell Automation India Ltd |
0.21% |
Textiles & Apparels |
|
Page Industries Ltd |
0.10% |
Financial Technology (Fintech) |
|
One 97 Communications Ltd |
0.08% |
Equity Holding Total |
69.91% |
Equity Futures |
|
Bata India Ltd March 2023 Future |
-0.05% |
DLF Ltd March 2023 Future |
-0.25% |
REC Ltd March 2023 Future |
-0.32% |
Biocon Ltd March 2023 Future |
-0.34% |
Godrej Consumer Products Ltd March 2023 Future |
-0.40% |
Tata Consumer Products Ltd March 2023 Future |
-0.43% |
Bharat Forge Ltd March 2023 Future |
-0.43% |
Zee Entertainment Enterprises Ltd March 2023 Future |
-0.49% |
NTPC Ltd March 2023 Future |
-0.55% |
ICICI Lombard General Insurance Company Ltd March 2023 Future |
-0.57% |
Tata Chemicals Ltd March 2023 Future |
-0.58% |
Tata Power Company Ltd March 2023 Future |
-0.60% |
ICICI Bank Ltd March 2023 Future |
-0.61% |
Dalmia Bharat Ltd March 2023 Future |
-0.68% |
Ashok Leyland Ltd March 2023 Future |
-0.74% |
Ambuja Cements Ltd March 2023 Future |
-0.75% |
Kotak Mahindra Bank Ltd March 2023 Future |
-0.75% |
IndusInd Bank Ltd March 2023 Future |
-0.77% |
Cipla Ltd March 2023 Future |
-0.78% |
United Spirits Ltd March 2023 Future |
-0.80% |
Titan Company Ltd March 2023 Future |
-0.81% |
Reliance Industries Ltd March 2023 Future |
-0.81% |
Tata Communications Ltd March 2023 Future |
-0.81% |
Hindalco Industries Ltd March 2023 Future |
-0.81% |
Mahindra & Mahindra Ltd March 2023 Future |
-0.84% |
Tata Steel Ltd March 2023 Future |
-0.85% |
Larsen & Toubro Ltd March 2023 Future |
-0.85% |
Grasim Industries Ltd March 2023 Future |
-0.85% |
HDFC Ltd March 2023 Future |
-0.86% |
Bharti Airtel Ltd March 2023 Future |
-0.87% |
Axis Bank Ltd March 2023 Future |
-0.89% |
SBI Life Insurance Company Ltd March 2023 Future |
-0.91% |
Hindustan Unilever Ltd March 2023 Future |
-0.92% |
Dr. Reddy's Laboratories Ltd March 2023 Future |
-0.93% |
State Bank of India March 2023 Future |
-0.96% |
Bank of Baroda March 2023 Future |
-0.97% |
Sun TV Network Ltd March 2023 Future |
-1.01% |
HDFC Bank Ltd March 2023 Future |
-1.10% |
Sun Pharmaceutical Industries Ltd March 2023 Future |
-1.14% |
Bandhan Bank Ltd March 2023 Future |
-1.16% |
Equity Futures Total |
-29.28% |
Government Bond |
|
5.63% GOI (12/04/2026) |
4.15% |
7.38% GOI (20/06/2027) |
3.48% |
5.74% GOI (15/11/2026) |
3.30% |
6.54% GOI (17/01/2032) |
3.28% |
6.18% GOI (04/11/2024) |
2.57% |
7.26% GOI (22/08/2032) |
0.86% |
Government Bond Total |
17.64% |
Treasury Bill |
|
364 Days Tbill (03/08/2023) |
0.85% |
364 Days Tbill (17/08/2023) |
0.84% |
364 Days Tbill (24/08/2023) |
0.84% |
364 Days Tbill (12/10/2023) |
0.83% |
Treasury Bill Total |
3.37% |
Corporate Bond |
|
8.25% IIFL Finance Ltd (14/10/2023) |
0.87% |
Corporate Bond Total |
0.87% |
Cash & Other Receivables Total |
37.49% |
Total |
100.00% |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 3.69% |
10.93% |
9.98% |
|
| Scheme Benchmark* | 4.43% |
9.60% |
8.72% |
|
| Additional Benchmark** | 2.00% |
2.93% |
5.32% |
|
| NAV as on 28th February, 2023 | ₹ 14.910 | |||
| Index Value ( 28th February, 2023) | Index Value of Scheme benchmark is 4,829.32 and CRISIL 10 Year Gilt Index is 4,134.12 |
|||
| 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.
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
Average Maturity |
3.85 Years |
Modified Duration |
3.09 Years |
Macaulay Duration |
3.32 Years |
Annualized Portfolio YTM* |
7.55% |
*In case of semi annual YTM, it will be annualized.
| Volatility | 10.06% |
| Beta: | 1.19 |
| R Squared | 0.93 |
| Sharpe Ratio#: | 0.42 |
| Information Ratio | 0.43 |
| Portfolio Turnover Ratio | 6.44 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 28th February, 2023.^Basis last rolling 12 months. |
|
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.
| Record Date | IDCW (₹) | Face Value ( ₹) | Cum Nav ( ₹) |
22-Mar-22 |
1.10 per Unit |
10 |
13.327 |
14-Feb-23 |
1.05 per Unit |
10 |
12.726 |
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