Mirae Asset Equity Savings Fund Direct Growth
Hybrid
Direct
Equity Savings
NAV as on 10-10-2024
₹ 20.58
Inception Returns
13.2%
/yr
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 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 ₹1279 Cr worth of assets under management (AUM) as on Aug 2024 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
Mirae Asset Equity Savings Fund Direct Growth has given a CAGR return of 13.21% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 18.95%, 10.91% and 14.07% respectively.
Holdings
Mirae Asset Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Tech, Industrial, Corporate, Energy, Basic Materials, Consumer Cyclical, Health, 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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitGains 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.
Historical NAV & Returns
INDmoney Rank
Fund Overview
| Expense ratio | 0.34% |
Benchmark | NIFTY Equity Savings TR INR |
| AUM | ₹1279 Cr |
| Inception Date | 17 December, 2018 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 250.37% |
| STCG | Redeeming 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 |
Trailing Returns
as on (10-Oct-24)
Fund Distribution
as on (31-Aug-24)
- AUM of the fund stands at 1.3K Cr as of Aug'24
- AUM increased by 90.3 Cr between Aug'24 and Jul'24
Top 3 Sectors in August were Government, Financial Services & Tech
Mutual Fund Insights
Mirae Asset Equity Savings Fund Direct Growth Highlights
Moderately High risk
About the fund
Fund Allocations
AUM size ₹0 Cr
Expense Ratio 0.34%
Frequently Asked Questions
Mirae Asset Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.39% | 0.39% |
6 Month Returns | 8.59% | 8.59% |
1 Year Returns | 18.95% | 18.95% |
3 Years Returns | 36.42% | 10.91% |
5 Years Returns | 93.1% | 14.07% |
- 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 | 100 |