Mirae Asset Equity Savings Fund Direct Growth
Hybrid
Direct
Equity Savings
NAV: ₹ 15.6 as on 22-03-2023
Fund Performance
228 people have invested ₹ 29.3L in mutual fund in the last three months
Fund Insights
In the last 1 year, Kotak Equity Savings Fund Direct Growth has given 6.55% return, outperforming Mirae Asset Equity Savings Fund Direct Growth by 2.82%
In the last 3 years, Mahindra Manulife Equity Savings Fund Direct Growth has given 17.26% return, outperforming Mirae Asset Equity Savings Fund Direct Growth by 1.18% per annum
Over the last 1 month, Mirae Asset Equity Savings Fund Direct Growth has increased expense ratio by 7.3% moving from 0.41 to 0.44
Mirae Asset Equity Savings Fund Direct Growth has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.44% which is lower than the category average expense ratio of 1.18%
INDmoney Rank
Powered by IND quant engine
3
/7
11% Performance
47% Risk Management
96% Cost
3 out of 7 among equity savings
Mirae Asset Equity Savings Fund Direct Growth Performance as on (22-Mar-23)
About the Fund
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 a NAV of ₹15.581 as on 22-03-2023.
2) Mirae Asset Equity Savings Fund Direct Growth has ₹573 Cr worth of assets under management (AUM) as on 31-01-2023 and is less than category average.
3) The fund has an expense ratio 0.44 %.
Mirae Asset Equity Savings Fund Direct Growth Overview
 | 0.44% |
 Benchmark | NIFTY Equity Savings TR INR |
 | ₹573 Cr |
 | 17 December, 2018 |
 | ₹5000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 157.7% |
Fund Distribution as on (28-Feb-23)
Sector Allocation
Financial Services
35.2%
Basic Materials
10.8%
Consumer Cyclical
10%
Health
7.9%
Industrial
7.2%
Consumer Defensive
7%
Tech
6.6%
Communication
6%
Energy
5.8%
Utilities
3.2%
Real Estate
0.4%
Top Holdings of Mirae Asset Equity Savings Fund Direct Growth as on (28-Feb-23)
Equity Holdings92
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 Reliance Industries Ltd | 3.68% | 1.3% | |
 HDFC Bank Ltd | 3.57% | 0% | |
 ICICI Bank Ltd | 3.34% | -7.2% | |
 Axis Bank Ltd | 2.95% | -23.4% | |
 State Bank of India | 2.65% | 0% |
See all
Mirae Asset Equity Savings Fund Direct Growth: Monthly Changes Updates
All changes are between Dec'22 and Feb'23
Fund Performance
- This fund’s returns stands at -0.74% whereas the fund’s underlying benchmark Equity Savings Index returns stands at -0.32% as on Feb'23
- This fund underperformed Equity Savings Index by 0.42% in Feb'23
AUM Change
- AUM of the fund stands at 581.1 Cr as of Feb'23
- AUM has remained same between Feb'23 and Jan'23
Fund Portfolio Changes
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 2.5% to 3.53%
Axis Bank Ltd's allocation increased from 3.04% to 3.92%
TVS Motor Co Ltd's allocation increased from 0.51% to 1.39%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 3.81 % to 3.63 %
Sun Pharmaceuticals Industries Ltd's allocation decreased from 2.11 % to 2.08 %
Ambuja Cements Ltd's allocation decreased from 1.75 % to 1.36 %
Top 3 Sectors in February were Government, Financial Services & Consumer Cyclical
Feb'23
Government
35%
Financial Services
35%
Basic Materials
11%
Jan'23
Government
34%
Financial Services
33%
Consumer Cyclical
13%
Peer Analysis
Mirae Asset Equity Savings Fund Direct Growth Fund Manager
Mahendra Jajoo
Fund Manager of Mirae Asset Equity Savings Fund Direct Growth, since 17 December 2018
Top funds managed
Harshad Borawake
Fund Manager of Mirae Asset Equity Savings Fund Direct Growth, since 12 October 2019
Top funds managed
Vrijesh Kasera
Fund Manager of Mirae Asset Equity Savings Fund Direct Growth, since 12 October 2019
Top funds managed
Bharti Sawant
Fund Manager of Mirae Asset Equity Savings Fund Direct Growth, since 28 December 2020
Top funds managed
Fund Highlights
Moderately High risk
Investors understand that their principal will be at Moderately High risk
About the fund
This fund has delivered an average annual returns of 10.97% since inception which is more than its category average return of 7.06%
Fund Allocations
This fund has an allocation of 40.63% in Equity, 21.88% in Debt and 37.49% in Cash related instruments
AUM size ₹573 Cr
This fund has AUM of ₹573 Cr which is less than its category average of ₹ 770 Cr
Expense Ratio 0.44%
This fund has an expense ratio of 0.44% which is less than its category average expense ratio of 1.22%
Frequently Asked Questions
The current NAV of Mirae Asset Equity Savings Fund Direct Growth is 15.51 as on 20-Mar-2023.
Existing (Absolute + CAGR)
Mirae Asset Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.54% | -1.54% |
6 Month Returns | 0.05% | 0.05% |
1 Year Returns | 3.47% | 3.47% |
3 Years Returns | 53.74% | 15.42% |
5 Years Returns | 0% | 0% |
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.
0.43 as on February 2023
573 Cr as on February 2023
Reliance Industries Ltd(3.68%),HDFC Bank Ltd(3.57%),ICICI Bank Ltd(3.34%),Axis Bank Ltd(2.95%),State Bank of India(2.65%) as on February 2023
Cash Equivalent(37.49%),Government(21.01%),Financial Services(14.28%) as on February 2023
AAA | 96.04 |
AA | 3.96 |
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%
Mutual Fund execution provided by
Technology facilitation Services provided by Finzoom Investment Advisors Pvt. Ltd. - Advisory unit. SEBI Registered Investment Advisor: INA100012190 | BASL Registration No. 1154 | BSE StarMF Platform code: 24801
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.