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 April 30, 2023 | 565.51 |
| Net AUM (₹ Cr.) |
572.20 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on April 30, 2023 |
Regular Plan: 1.42% Direct Plan: 0.42% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 16.061 | ₹ 15.333 |
| IDCW | ₹ 12.553 | ₹ 11.865 |
| Positions Increased |
| Stock |
| Banks |
| The Federal Bank Limited |
| Finance |
| Fusion Micro Finance Limited |
| Positions Decreased |
| Stock |
| Aerospace & Defense |
| MTAR Technologies Limited |
| Auto Components |
| Sona BLW Precision Forgings Limited |
| Automobiles |
| Maruti Suzuki India Limited |
| TVS Motor Company Limited |
| Banks |
| ICICI Bank Limited |
| Finance |
| Can Fin Homes Limited |
| Shriram Finance Limited |
| Food Products |
| Nestle India Limited |
| Insurance |
| SBI Life Insurance Company Limited |
| IT - Software |
| Infosys Limited |
| Leisure Services |
| Westlife Foodworld Limited |
| Pharmaceuticals & Biotechnology |
| Torrent Pharmaceuticals Limited |
| Retailing |
| Zomato Limited |
| Period | Total Amount Invested | Mkt Value as on 28-April-2023 |
SI |
520,000 |
644,980 |
3 Yr |
360,000 |
410,769 |
1 Yr |
120,000 |
124,276 |
Returns (%) |
Period |
||
SI |
3yr |
1yr |
|
Fund Return& (%) |
9.95 |
8.82 |
6.80 |
Benchmark Return& (%) |
8.80 |
8.23 |
7.44 |
Add. Benchmark Return& (%) |
4.33 |
3.65 |
9.67 |
& 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 | |
| ICICI Bank Ltd | 4.03% |
| HDFC Bank Ltd | 3.78% |
| Axis Bank Ltd | 3.01% |
| State Bank of India | 1.99% |
| Kotak Mahindra Bank Ltd | 1.15% |
| Bandhan Bank Limited | 1.15% |
| IndusInd Bank Ltd | 0.83% |
| The Federal Bank Limited | 0.35% |
| City Union Bank Limited | 0.26% |
| Canara Bank | 0.25% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 2.01% |
| Dr. Reddy's Laboratories Ltd | 1.06% |
| Cipla Limited | 0.77% |
| Aurobindo Pharma Ltd | 0.54% |
| Torrent Pharmaceuticals Ltd | 0.34% |
| Zydus Lifesciences Limited | 0.16% |
| IT - Software | |
| Infosys Ltd | 2.02% |
| Tata Consultancy Services Ltd | 1.15% |
| Tech Mahindra Limited | 0.90% |
| HCL Technologies Limited | 0.36% |
| MphasiS Limited | 0.36% |
| Petroleum Products | |
| Reliance Industries Ltd | 4.07% |
| Automobiles | |
| Maruti Suzuki India Ltd | 1.64% |
| Mahindra & Mahindra Limited | 0.81% |
| Tata Motors Limited | 0.58% |
| TVS Motor Company Ltd | 0.51% |
| Finance | |
| Housing Development Finance Corporation Ltd | 1.30% |
| SBI Cards and Payment Services Limited | 0.51% |
| Fusion Micro Finance Limited | 0.49% |
| Can Fin Homes Limited | 0.48% |
| Shriram Finance Limited | 0.42% |
| Bajaj Finserv Limited | 0.32% |
| Telecom - Services | |
| Bharti Airtel Ltd | 2.06% |
| Tata Communications Limited | 0.85% |
| Cement & Cement Products | |
| Ambuja Cements Limited | 1.37% |
| Grasim Industries Ltd | 0.97% |
| Nuvoco Vistas Corporation Limited | 0.22% |
| UltraTech Cement Limited | 0.07% |
| Auto Components | |
| Bosch Limited | 0.90% |
| Apollo Tyres Limited | 0.61% |
| Sona BLW Precision Forgings Limited | 0.44% |
| Craftsman Automation Limited | 0.43% |
| Consumer Durables | |
| Titan Company Ltd | 0.73% |
| Havells India Ltd | 0.62% |
| Kajaria Ceramics Ltd | 0.49% |
| Greenply Industries Limited | 0.20% |
| Crompton Greaves Consumer Electricals Limited | 0.19% |
| Construction | |
| Larsen & Toubro Ltd | 2.22% |
| Insurance | |
| SBI Life Insurance Company Limited | 1.47% |
| Max Financial Services Ltd | 0.35% |
| ICICI Lombard General Insurance Company Limited | 0.27% |
| Diversified FMCG | |
| Hindustan Unilever Ltd | 1.08% |
| ITC Ltd | 0.94% |
| Entertainment | |
| Sun TV Network Limited | 1.02% |
| Zee Entertainment Enterprises Ltd | 0.93% |
| Power | |
| NTPC Ltd | 1.15% |
| Tata Power Company Limited | 0.59% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.49% |
| Jindal Steel & Power Limited | 0.24% |
| Chemicals & Petrochemicals | |
| Tata Chemicals Ltd | 0.55% |
| Vinati Organics Ltd | 0.34% |
| Tatva Chintan Pharma Chem Limited | 0.22% |
| Chemplast Sanmar Limited | 0.21% |
| Retailing | |
| Go Fashion (India) Limited | 0.54% |
| Zomato Limited | 0.37% |
| Electronics Mart India Limited | 0.16% |
| Aerospace & Defense | |
| MTAR Technologies Limited | 0.53% |
| Bharat Electronics Ltd | 0.39% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 0.45% |
| KFin Technologies Limited | 0.28% |
| Fertilizers & Agrochemicals | |
| UPL Limited | 0.66% |
| Personal Products | |
| Dabur India Ltd | 0.31% |
| Emami Limited | 0.30% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Limited | 0.60% |
| Gas | |
| Gujarat State Petronet Limited | 0.51% |
| Food Products | |
| Nestle India Limited | 0.32% |
| Britannia Industries Ltd | 0.18% |
| Leisure Services | |
| Westlife Foodworld Limited | 0.44% |
| Non - Ferrous Metals | |
| Hindalco Industries Limited | 0.42% |
| Industrial Products | |
| Prince Pipes And Fittings Limited | 0.35% |
| Transport Services | |
| Delhivery Limited | 0.27% |
| Gateway Distriparks Limited | 0.04% |
| Industrial Manufacturing | |
| Honeywell Automation India Limited | 0.22% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.11% |
| Financial Technology (Fintech) | |
| One 97 Communications Limited | 0.09% |
| Equity Holding Total | 68.34% |
| Equity Futures | |
| UltraTech Cement Ltd May 2023 Future | -0.07% |
| Infosys Ltd May 2023 Future | -0.07% |
| Zydus Lifesciences Ltd May 2023 Future | -0.16% |
| Titan Company Ltd May 2023 Future | -0.43% |
| NTPC Ltd May 2023 Future | -0.52% |
| Tata Chemicals Ltd May 2023 Future | -0.55% |
| Hindustan Unilever Ltd May 2023 Future | -0.58% |
| Tata Power Company Ltd May 2023 Future | -0.60% |
| UPL Ltd May 2023 Future | -0.66% |
| Cipla Ltd May 2023 Future | -0.78% |
| Mahindra & Mahindra Ltd May 2023 Future | -0.81% |
| IndusInd Bank Ltd May 2023 Future | -0.83% |
| Kotak Mahindra Bank Ltd May 2023 Future | -0.84% |
| Reliance Industries Ltd May 2023 Future | -0.85% |
| Tata Communications Ltd May 2023 Future | -0.86% |
| Ambuja Cements Ltd May 2023 Future | -0.87% |
| Tata Steel Ltd May 2023 Future | -0.89% |
| Bosch Ltd May 2023 Future | -0.90% |
| Maruti Suzuki India Ltd May 2023 Future | -0.91% |
| Tech Mahindra Ltd May 2023 Future | -0.91% |
| Axis Bank Ltd May 2023 Future | -0.91% |
| SBI Life Insurance Company Ltd May 2023 Future | -0.93% |
| Bharti Airtel Ltd May 2023 Future | -0.93% |
| Larsen & Toubro Ltd May 2023 Future | -0.93% |
| Zee Entertainment Enterprises Ltd May 2023 Future | -0.94% |
| Grasim Industries Ltd May 2023 Future | -0.98% |
| Sun TV Network Ltd May 2023 Future | -1.03% |
| Dr. Reddy's Laboratories Ltd May 2023 Future | -1.06% |
| ICICI Bank Ltd May 2023 Future | -1.12% |
| HDFC Bank Ltd May 2023 Future | -1.14% |
| Bandhan Bank Ltd May 2023 Future | -1.15% |
| Sun Pharmaceutical Industries Ltd May 2023 Future | -1.18% |
| Equity Futures Total | -25.38% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 4.43% |
| 5.63% GOI (12/04/2026) | 4.22% |
| 5.74% GOI (15/11/2026) | 3.36% |
| 6.54% GOI (17/01/2032) | 3.35% |
| 6.18% GOI (04/11/2024) | 2.60% |
| 7.26% GOI (22/08/2032) | 1.76% |
| Government Bond Total | 19.72% |
| Treasury Bill | |
| 364 Days Tbill (03/08/2023) | 0.86% |
| 364 Days Tbill (17/08/2023) | 0.86% |
| 364 Days Tbill (24/08/2023) | 0.86% |
| 364 Days Tbill (12/10/2023) | 0.85% |
| Treasury Bill Total | 3.42% |
| Corporate Bond | |
| 8.25% IIFL Finance Ltd (14/10/2023) | 0.87% |
| Corporate Bond Total | 0.87% |
| Cash & Other Receivables Total | 33.03% |
| Total | 100.00% |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAESF | 5.69% |
13.96% |
10.29% |
|
| Scheme Benchmark* | 5.81% |
12.21% |
9.02% |
|
| Additional Benchmark** | 7.01% |
3.08% |
5.92% |
|
| NAV as on 28th April, 2023 | ₹ 15.333 | |||
| Index Value ( 28th April, 2023) | Index Value of Scheme benchmark is 4,951.99 and CRISIL 10 Year Gilt Index is 4,272.78 |
|||
| 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 |
3.91 Years |
Modified Duration |
3.11 Years |
Macaulay Duration |
3.22 Years |
Annualized Portfolio YTM* |
7.12% |
*In case of semi annual YTM, it will be annualized.
| Volatility | 6.42% |
| Beta: | 1.08 |
| R Squared | 0.86 |
| Sharpe Ratio#: | 1.09 |
| Information Ratio | 1.00 |
| Portfolio Turnover Ratio | 6.10 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 April, 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