Mirae Asset Equity Savings Fund Direct Growth

Mirae Asset Equity Savings Fund Direct Growth

Hybrid

Direct

Equity Savings

NAV as on 25-03-2025

₹ 20.59

0.6%

1D

Inception Returns

12.2%

/yr

About Mirae Asset Equity Savings Fund Direct Growth

Mirae Asset Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 17 December, 2018. The fund is managed by Harshad Borawake, Mahendra Jajoo, Vrijesh Kasera, Bharti Sawant. This fund gives you the benefit of diversification.

Key Parameters

  1. Mirae Asset Equity Savings Fund Direct Growth has ₹1313 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Mirae Asset Equity Savings Fund Direct Growth has given a CAGR return of 12.25% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.12%, 11.21% and 17.01% respectively.

Holdings

Mirae Asset Equity Savings Fund Direct Growth has allocated its funds majorly in Government, Corporate, Financial Services, Cash Equivalent, Tech, Consumer Cyclical, Industrial, Basic Materials, Health, Energy, Utilities, Consumer Defensive, Communication, Real Estate.

Taxation

As it is a equity savings mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Mirae Asset Equity Savings Fund Direct Growth

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.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Equity Savings Fund Direct Growth has no lock in period.

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
448 people have invested ₹ 48.9L in Mirae Asset Equity Savings Fund Direct Growth in the last three months

INDmoney Rank for Mirae Asset Equity Savings Fund Direct Growth

Powered by IND quant engine
7
/13
22% Performance
76% Risk Management
100% Cost
7 out of 13 among equity savings

Mirae Asset Equity Savings Fund Direct Growth Overview

Expense ratio0.35%
Benchmark
NIFTY Equity Savings TR INR
AUM₹1313 Cr
Inception Date17 December, 2018
Min Lumpsum/SIP₹5000/₹99
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
250.37%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Moderately High risk

Trailing Returns

as on (25-Mar-25)

Period
Mirae Asset Equity Savings Fund Direct Growth
Equity Savings Index
1M
3.3%
1.5%
3M
0.6%
-1%
6M
-0.7%
-1.8%
1Y
11.1%
6.9%
3Y
11.2%
8.8%
5Y
17%
13.4%

Fund Distribution

as on (31-Jan-25)

  • Equity 69.8%

  • Debt & Cash 30.2%

Large cap
54.9%

Mid cap
7.5%

Small cap
7%

Sector Allocation

Feb'25

Jan'25

Dec'24

Financial Services
29.2%
Tech
11.3%
Consumer Cyclical
10.9%
Industrial
9.9%
Basic Materials
8.6%
Health
8.4%
Energy
7.3%
Utilities
6%
Consumer Defensive
3.4%
Communication
3.1%
Real Estate
1.9%
All changes are between Oct'69 and Dec'69
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 1.3K Cr
₹ 1.4K Cr
₹ 1.4K Cr
  • AUM of the fund stands at 1.3K Cr as of Feb'25
  • AUM decreased by 57.8 Cr between Feb'25 and Jan'25
Top Stocks bought last month
Rural Electrification Corporation Limited's allocation increased from 0.81% to 1.82%
Rural Electrification Corporation Limited's allocation increased from 0.81% to 1.82%
Small Industries Development Bank Of India's allocation increased from 0.22% to 1.09%
Small Industries Development Bank Of India's allocation increased from 0.22% to 1.09%
Rural Electrification Corporation Limited's allocation increased from 0.41% to 0.73%
Rural Electrification Corporation Limited's allocation increased from 0.41% to 0.73%
Top Stocks sold last month
Tata Steel Ltd's allocation decreased from 5.26 % to 1.04 %
Tata Steel Ltd's allocation decreased from 5.26 % to 1.04 %
National Bank For Agriculture And Rural Development's allocation decreased from 1.13 % to 1.02 %
National Bank For Agriculture And Rural Development's allocation decreased from 1.13 % to 1.02 %
National Bank For Agriculture And Rural Development's allocation decreased from 0.87 % to 0.73 %
National Bank For Agriculture And Rural Development's allocation decreased from 0.87 % to 0.73 %

Top 3 Sectors in February were Financial Services, Government & Corporate

Feb'25
Government
49%
Corporate
29%
Financial Services
29%
Jan'25
Financial Services
29%
Government
24%
Corporate
19%
Fund
Jan'25
Dec'24
Nov'24
No of Holdings
182
171
171
Top 5 Company Concentration
14.9%
13.3%
13.3%
Company having highest exposure
HDFC Bank Ltd (4.1%)
Tata Consultancy Services Ltd (4.1%)
Tata Consultancy Services Ltd (4.1%)
No of Sectors
13
13
13
Top 5 Sectors Concentration
94.8%
95.3%
94%
Sector having highest exposure
Financial Services (28.5%)
Financial Services (26.2%)
Financial Services (26.7%)
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Harshad Borawake
Harshad Borawake
Fund Manager of Mirae Asset Equity Savings Fund Direct Growth, since 12 October 2019
Mahendra Jajoo
Mahendra Jajoo
Fund Manager of Mirae Asset Equity Savings Fund Direct Growth, since 17 December 2018
Vrijesh Kasera
Vrijesh Kasera
Fund Manager of Mirae Asset Equity Savings Fund Direct Growth, since 12 October 2019
Bharti Sawant
Bharti Sawant
Fund Manager of Mirae Asset Equity Savings Fund Direct Growth, since 28 December 2020
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.86L Cr
as on 31-Jan-2025
Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Website
customercare@miraeasset.com

Mutual Fund Insights

Insights icon
Over the last 15 months, this fund has decreased expense ratio by 16.7% moving from 0.42 to 0.35.
Insights icon
In the last 3 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 12.55% return, outperforming this fund by 1.35% per annum.
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Over the last 6 months, this fund has experienced a 2.6% growth in AUM moving from 1.27K Cr to 1.31K Cr.
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In the last 1 year, DSP Equity Savings Fund Direct Plan Growth has given 12.78% return, outperforming this fund by 1.66%.
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In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 17.82% return, outperforming this fund by 0.81% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.35% which is lower than the category average expense ratio of 1.07%.

Mirae Asset Equity Savings Fund Direct Growth Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 12.25% since inception which is more than its category average return of 8.11%
Fund Allocations

Fund Allocations

This fund has an allocation of 69.85% in Equity, 23.71% in Debt and 6.44% in Cash related instruments
AUM size ₹1313 Cr

AUM size ₹1313 Cr

This fund has AUM of ₹1313 Cr which is less than its category average of ₹ 1639 Cr
Expense Ratio 0.35%

Expense Ratio 0.35%

This fund has an expense ratio of 0.35% which is less than its category average expense ratio of 1.15%

Frequently Asked Questions for Mirae Asset Equity Savings Fund Direct Growth

The current NAV of Mirae Asset Equity Savings Fund Direct Growth is ₹20.59 as on 25-Mar-2025.
Existing (Absolute + CAGR) as on 25-Mar-2025.
Mirae Asset Equity Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.32%
3.32%
6 Month Returns
-0.69%
-0.69%
1 Year Returns
11.12%
11.12%
3 Years Returns
37.52%
11.21%
5 Years Returns
119.33%
17.01%
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0.35% as on February 2025
₹1313 Cr as on February 2025
HDFC Bank Ltd(4.4%), Tata Consultancy Services Ltd(3.72%), ICICI Bank Ltd(2.87%), Reliance Industries Ltd(2.2%), 7.32% Govt Stock 2030(1.96%) as on February 2025
Financial Services(20.36%), Government(14.89%), Corporate(8.81%) as on February 2025
AAA
96.67
AA
3.33
Harshad Borawake, Mahendra Jajoo, Vrijesh Kasera, Bharti Sawant are the fund managers of Mirae Asset Equity Savings Fund Direct Growth
The Exit load of Mirae Asset Equity Savings Fund Direct Growth is 1%