Mirae Asset Equity Savings Fund Direct Growth
NAV as on 29-04-2025
₹ 20.98
▲0.4%
1D
Inception Returns
12.3%
/yr
Historical NAV & Returns
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 Vrijesh Kasera, Bharti Sawant, Harshad Borawake, Mahendra Jajoo. This fund gives you the benefit of diversification.
Key Parameters
- Mirae Asset Equity Savings Fund Direct Growth has ₹1360 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
Mirae Asset Equity Savings Fund Direct Growth has given a CAGR return of 12.34% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.53%, 11.52% and 15.15% respectively.
Holdings
Mirae Asset Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Corporate, Consumer Cyclical, Industrial, Basic Materials, Health, Tech, 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 benefitLong 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.
Mirae Asset Equity Savings Fund Direct Growth Overview
| Expense ratio | 0.37% |
Benchmark | NIFTY Equity Savings TR INR |
| AUM | ₹1360 Cr |
| Inception Date | 17 December, 2018 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 250.37% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Moderately High risk |
INDmoney Rank for Mirae Asset Equity Savings Fund Direct Growth
Trailing Returns
as on (29-Apr-25)
Fund Distribution
as on (31-Mar-25)
- AUM of the fund stands at 1.4K Cr as of Mar'25
- AUM increased by 46.8 Cr between Mar'25 and Feb'25
Top 3 Sectors in March were Government, Corporate & Financial Services
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 4.48% | 0% | |
 ICICI Bank Ltd | 3.1% | 0% | |
 Reliance Industries Ltd | 2.26% | 0% | |
 Tata Consultancy Services Ltd | 2.12% | -43.1% | |
 Axis Bank Ltd | 1.99% | 0% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Mirae Asset Equity Savings Fund Direct Growth | 10.53% | 11.52% | 15.15% | 12.34% |
 DSP Equity Savings Fund Direct Plan Growth | 12.95% | 11.31% | 14.28% | 10.23% |
 Sundaram Equity Savings - Direct Plan - Growth Option | 10.79% | 12.81% | 16.58% | 10.15% |
 Kotak Equity Savings Fund Direct Growth | 9.49% | 12.21% | 14% | 10.26% |
Mutual Fund Insights
Mirae Asset Equity Savings Fund Direct Growth Highlights
Moderately High risk
About the fund
Fund Allocations
AUM size ₹1360 Cr
Expense Ratio 0.37%
Frequently Asked Questions for Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.86% | 1.86% |
6 Month Returns | 3.06% | 3.06% |
1 Year Returns | 10.53% | 10.53% |
3 Years Returns | 38.69% | 11.52% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 96.92 |
AA | 3.08 |