Mirae Asset Equity Savings Fund Direct Growth
Hybrid
Direct
Equity Savings
NAV: ₹ 18.78 as on 18-04-2024
Fund Performance
322 people have invested ₹ 40.4L in Mirae Asset Equity Savings Fund Direct Growth in the last three months
Mutual Fund Insights
In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 13.29% return, outperforming this fund by 0.81% per annum.
This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.25% which is lower than the category average expense ratio of 1.06%.
In the last 3 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 14.44% return, outperforming this fund by 2.67% per annum.
Over the last 6 months, this fund has experienced a 30.6% growth in AUM moving from 712.31 Cr to 930.11 Cr.
Over the last 1 month, this fund has decreased expense ratio by 24.2% moving from 0.33 to 0.25.
In the last 1 year, HSBC Equity Savings Direct Plan Growth Plan has given 23.53% return, outperforming this fund by 5.16%.
INDmoney Rank of Mirae Asset Equity Savings Fund Direct Growth
Powered by IND quant engine
8
/8
0% Performance
53% Risk Management
100% Cost
8 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 Vrijesh Kasera, Bharti Sawant, Mahendra Jajoo, Harshad Borawake. This fund gives you the benefit of diversification.
Key Parameters
- Mirae Asset Equity Savings Fund Direct Growth has ₹930 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.3.
Mirae Asset Equity Savings Fund Direct Growth Overview
 | 0.25% |
 Benchmark | NIFTY Equity Savings TR INR |
 | ₹930 Cr |
 | 17 December, 2018 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 163.85% |
Mirae Asset Equity Savings Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
51.7%
Mid cap
10.1%
Small cap
6.6%
Sector Allocation
Financial Services
27.6%
Industrial
13.2%
Consumer Cyclical
10.8%
Tech
10.6%
Energy
8.8%
Basic Materials
8.5%
Health
6.2%
Consumer Defensive
5.3%
Communication
4%
Utilities
3.2%
Real Estate
1.8%
Top Holdings of Mirae Asset Equity Savings Fund Direct Growth as on (31-Mar-24)
Equity Holdings103
Debt Holdings12
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 3.9% | 14.4% | |
 Reliance Industries Ltd | 2.91% | 0% | |
 State Bank of India | 2.7% | 0% | |
 ICICI Bank Ltd | 2.39% | -25.4% | |
 Infosys Ltd | 2.29% | 13% |
See all
Mirae Asset Equity Savings Fund Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 930.1 Cr as of Mar'24
- AUM increased by 31.1 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Mirae Asset Equity Savings Fund Direct Growth Fund Manager
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
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
Mirae Asset Equity Savings Fund Direct Growth 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 12.58% since inception which is more than its category average return of 7.97%
Fund Allocations
This fund has an allocation of 68.42% in Equity, 18.78% in Debt and 12.8% in Cash related instruments
AUM size ₹930 Cr
This fund has AUM of ₹930 Cr which is less than its category average of ₹ 1219 Cr
Expense Ratio 0.25%
This fund has an expense ratio of 0.25% 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 ₹18.78 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
Mirae Asset Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.79% | 1.79% |
6 Month Returns | 8.47% | 8.47% |
1 Year Returns | 18.37% | 18.37% |
3 Years Returns | 39.62% | 11.77% |
5 Years Returns | 80.04% | 12.48% |
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.
0.25% as on March 2024
₹930 Cr as on March 2024
HDFC Bank Ltd(3.9%), 7.18% Govt Stock 2033(2.93%), Reliance Industries Ltd(2.91%), 7.38% Govt Stock 2027(2.71%), State Bank of India(2.7%) as on March 2024
Financial Services(18.91%), Government(15.85%), Cash Equivalent(12.8%) as on March 2024
AAA | 94.78 |
AA | 5.22 |
Vrijesh Kasera, Bharti Sawant, Mahendra Jajoo, Harshad Borawake 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%