Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Equity Savings Fund Direct Growth

Mirae Asset Equity Savings Fund Direct Growth

Hybrid
Direct
Moderately High risk
Equity Savings

NAV: ₹ 15.2 as on 21-01-2022

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

Key parameters

1) Mirae Asset Equity Savings Fund Direct Growth has a NAV of 15.222 as on 24-Jan-2022.

2) Mirae Asset Equity Savings Fund Direct Growth has 450 Cr worth of assets under management (AUM) as on 24-Jan-2022 and is less than category average.

3) The fund has an expense ratio 0.42 %.

Fund Overview

Expense ratio
Expense ratio
0.42%
Benchmark
Benchmark
NIFTY Equity Savings TR INR
AUM
AUM
₹450 Cr
Inception Date
Inception Date
17 December, 2018
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
234.65%

Fund Distribution

  • Equity 40.4%
  • Debt & Cash 59.6%
Sector Allocation
Financial Services30.8%
Cyclical12.8%
Basic Materials12.1%
Tech12%
Industrial8.8%
Health8.2%
Energy5.4%
Communication4.5%
Defensive3.2%
Utilities2.1%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings20
Equity Holdings20
Debt Holdings8
Net Receivables / (Payables)
Net Receivables / (Payables)
27.4%
Triparty Repo
Triparty Repo
12.3%
5.63% Govt Stock 2026
5.63% Govt Stock 2026
11%
Infosys Ltd
Infosys Ltd
4.6%
ICICI Bank Ltd
ICICI Bank Ltd
3.6%
6.18% Govt Stock 2024
6.18% Govt Stock 2024
3.4%
Reliance Industries Ltd
Reliance Industries Ltd
3.3%
HDFC Bank Ltd
HDFC Bank Ltd
3%

Fund Highlights

About the fund

About the fund

This fund has delivered an average annual returns of 14.53% since inception which is more than its category average return of 8.29%
Fund Allocations

Fund Allocations

This fund has an allocation of 40.36346% in Equity, 19.92175% in Debt and 39.71479% in Cash related instruments
AUM size ₹450 Cr

AUM size ₹450 Cr

This fund has AUM of ₹450 Cr which is less than its category average of ₹ 749 Cr
Expense Ratio 0.42%

Expense Ratio 0.42%

This fund has an expense ratio of 0.42% which is less than its category average expense ratio of 1.37%

AMC details

Fund House
Mirae Asset Investment Managers (India) Private Limited
Email
Phone
+912267800300
Address
India

Frequently Asked Questions

What are the average returns of Mirae Asset Equity Savings Fund Direct Growth Fund ?

What is the current NAV of Mirae Asset Equity Savings Fund Direct Growth Fund?

How do I invest in Mirae Asset Equity Savings Fund Direct Growth Fund?

What is the expense ratio of Mirae Asset Equity Savings Fund Direct Growth fund?

What is the worth of total assets under management (AUM) of Mirae Asset Equity Savings Fund Direct Growth fund ?

What are the top holdings of Mirae Asset Equity Savings Fund Direct Growth Fund?

What are the top sectors Mirae Asset Equity Savings Fund Direct Growth Fund has invested in?