Mirae Asset Equity Savings Fund Direct Growth

Mirae Asset Equity Savings Fund Direct Growth

Compare
Hybrid
Direct
Equity Savings
NAV: ₹ 18.67 as on 27-02-2024
Fund Performance
zero opening, trading, fund transfer fee
330 people have invested ₹ 41.2L in Mirae Asset Equity Savings Fund Direct Growth in the last three months

Mutual Fund Insights

Insights icon
This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.31% which is lower than the category average expense ratio of 1.08%.
Insights icon
Over the last 6 months, this fund has experienced a 29.2% growth in AUM moving from 671.88 Cr to 868.2 Cr.
Insights icon
In the last 1 year, HSBC Equity Savings Direct Plan Growth Plan has given 22.49% return, outperforming this fund by 3.24%.
Insights icon
In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 13.64% return, outperforming this fund by 0.51% per annum.
Insights icon
Over the last 3 months, this fund has decreased expense ratio by 24.4% moving from 0.41 to 0.31.
Insights icon
In the last 3 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 13.72% return, outperforming this fund by 2.09% per annum.

INDmoney Rank of Mirae Asset Equity Savings Fund Direct Growth

Powered by IND quant engine
7
/8
0% Performance
48% Risk Management
100% Cost
7 out of 8 among equity savings

About the 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 Mahendra Jajoo, Harshad Borawake, Vrijesh Kasera, Bharti Sawant. This fund gives you the benefit of diversification.

Key Parameters

  1. Mirae Asset Equity Savings Fund Direct Growth has ₹868 Cr worth of assets under management (AUM) as on Jan 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.

Mirae Asset Equity Savings Fund Direct Growth Overview

Expense ratio
Expense ratio
0.31%
Benchmark
Benchmark
NIFTY Equity Savings TR INR
AUM
AUM
₹868 Cr
Inception Date
Inception Date
17 December, 2018
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
163.85%

Mirae Asset Equity Savings Fund Direct Growth Distribution as on (31-Jan-24)

  • Equity 69.8%

  • Debt & Cash 30.2%

Size breakup

Large cap
51.6%
Mid cap
10.6%
Small cap
7.6%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
28.4%
Industrial
12.7%
Tech
11%
Consumer Cyclical
10.2%
Energy
8.8%
Basic Materials
8.7%
Health
7.2%
Consumer Defensive
5.1%
Communication
3.3%
Utilities
2.9%
Real Estate
1.7%

Top Holdings of Mirae Asset Equity Savings Fund Direct Growth as on (31-Jan-24)

  • Equity

  • Debt & Cash

Equity Holdings102
Debt Holdings12

Mirae Asset Equity Savings Fund Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 868.2 Cr
₹ 834.6 Cr
₹ 798.6 Cr
  • AUM of the fund stands at 868.2 Cr as of Jan'24
  • AUM increased by 33.6 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Mirae Asset Equity Savings Fund Direct Growth Fund Manager

Mahendra Jajoo
Mahendra Jajoo
Fund Manager of Mirae Asset Equity Savings Fund Direct Growth, since 17 December 2018
Harshad Borawake
Harshad Borawake
Fund Manager of Mirae Asset Equity Savings Fund Direct Growth, since 12 October 2019
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

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 12.76% since inception which is more than its category average return of 8.04%
Fund Allocations

Fund Allocations

This fund has an allocation of 69.76% in Equity, 16.54% in Debt and 13.71% in Cash related instruments
AUM size ₹868 Cr

AUM size ₹868 Cr

This fund has AUM of ₹868 Cr which is less than its category average of ₹ 1119 Cr
Expense Ratio 0.31%

Expense Ratio 0.31%

This fund has an expense ratio of 0.31% which is less than its category average expense ratio of 1.16%

Frequently Asked Questions

The current NAV of Mirae Asset Equity Savings Fund Direct Growth is ₹18.67 as on 27-Feb-2024.
Existing (Absolute + CAGR) as on 27-Feb-2024.
Mirae Asset Equity Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.05%
2.05%
6 Month Returns
9.05%
9.05%
1 Year Returns
19.25%
19.25%
3 Years Returns
39.12%
11.63%
5 Years Returns
85.34%
13.13%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.31% as on January 2024
₹868 Cr as on January 2024
HDFC Bank Ltd(3.64%), ICICI Bank Ltd(3.23%), Reliance Industries Ltd(2.99%), 7.38% Govt Stock 2027(2.91%), 5.63% Govt Stock 2026(2.8%) as on January 2024
Financial Services(19.8%), Government(14.26%), Cash Equivalent(13.71%) as on January 2024
AAA
95.11
AA
4.89
Mahendra Jajoo, Harshad Borawake, 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%