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Mirae Asset Equity Savings Fund
(An open ended scheme investing in equity, arbitrage and debt)

An Investment all-rounder

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.

Asset Allocation

Asset Allocation

Investment Strategy

Allocation to equity 20-45%, Arbitrage 20-70% and debt + money market instruments 10-35%.

For equity portion -

  • Large Caps (70-80% of Equity Allocation@) - Aims to provide stability to the Fund
  • Mid and Small Caps* (15%-30%of Equity Allocation@) - Allocation based on better growth outlook and valuation gap with Large caps
  • Idea is to invest in growth companies at reasonable valuations, from a long term perspective
@ - Indicative range and strategy as on November, 2018

For Arbitrage Portion - Employ cash-futures arbitrage aiming for benefiting from price variations

For Debt Portion - Accrual based strategy in highly rated debt and money market instruments


Product Labelling MAESF
Net Asset Value(NAV): 16/08/2019
Regular Plan- Growth 10.397
Regular Plan- Dividend 10.4
Direct Plan- Growth 10.486
Direct Dividend Plan 10.483

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Fund Information
Fund Managers Mr. Sudhir Kedia (Equity portion) & Mr. Mahendra Jajoo (Debt portion)
Benchmark Index Nifty Equity Savings Index
Minimum Investment Amount Lump Sum: 5,000/- (multiples of Re. 1/- thereafter)
Systematic Investment Plan (SIP) Minimum 5 installments monthly/ Quarterly of Rs.1000/- (in multiples of Re.1/- thereafter)
Plans Available Regular Plan and Direct Plan
Options Available Growth Option and Dividend Option (Payout & Re-investment)
Exit Load I. For investors who have opted for SWP under the plan:
  1. 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.
  2. 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