Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal
Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal

Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal

Hybrid
Direct
Equity Savings

NAV: ₹ 13 as on 27-09-2022

Fund Performance

Fund Performance

Return
1M
3M
6M
1Y
3Y
This Fund
-0.9%
4.9%
2.2%
1.4%
11.9%
Benchmark
-0.8%
3.3%
1%
0.9%
8.5%
About the Fund

Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal is a hybrid fund. This fund was started on  17 December, 2018. The fund is managed by Mahendra Jajoo, Harshad Borawake, Bharti Sawant, Vrijesh Kasera. This fund gives you the benefit of diversification.

Key parameters

1) Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal has a NAV of 13.034 as on 27-09-2022.

2) Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal has 583 Cr worth of assets under management (AUM) as on 31-07-2022 and is less than category average.

3) The fund has an expense ratio 0.41 %.

Fund Overview

Expense ratio
Expense ratio
0.41%
Benchmark
Benchmark
NIFTY Equity Savings TR INR
AUM
AUM
₹583 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
157.7%

Fund Distribution

  • Equity 40.8%
  • Debt & Cash 59.2%

Sector Allocation

Aug'22

Jul'22

Jun'22

Financial Services

33.8%

Consumer Cyclical

13.3%

Basic Materials

10%

Tech

8.5%

Industrial

7.1%

Consumer Defensive

6.8%

Health

6.1%

Energy

6%

Communication

5.3%

Utilities

2.4%

Real Estate

0.8%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings145
Equity Holdings136
Debt Holdings9
Holdings
Weight%
Holdings Trend
1M Change
icon
5.63% Govt Stock 2026
9.89%
0%
icon
Reliance Industries Ltd
3.77%
0%
icon
HDFC Bank Ltd
3.29%
-11.7%
icon
5.74% Govt Stock 2026
3.29%
0%
icon
6.54% Govt Stock 2032
3.28%
0%

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 22.2 Cr in last 1M
Aug'22 return outperformed benchmark

Change in AUM

Aug'22
₹ 582.8 Cr
Jul'22
₹ 560.5 Cr
Jun'22
₹ 539.3 Cr

Fund Returns vs Benchmark

Aug'22
4.39%
3.06%
Jul'22
4.39%
3.06%
Jun'22
-1.47%
-1.41%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Aug'22
Jul'22
Jun'22
No of Holdings
145
132
129
Top 5 Company Concentration
16.1%
16.9%
17.1%
Company having highest exposure
Reliance Industries Ltd (3.8%)
Infosys Ltd (3.8%)
HDFC Bank Ltd (4.3%)
No of Sectors
14
13
13
Top 5 Sectors Concentration
81.7%
81.4%
81.8%
Sector having highest exposure
Cash Equivalent (36.9%)
Cash Equivalent (35.4%)
Cash Equivalent (37.2%)

Fund Manager

Mahendra Jajoo

Mahendra Jajoo

Managing this fund since 17 December 2018

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset Hybrid Equity Fund -Direct Plan-Growth
15.03%
13.84%
Mirae Asset Savings Fund Direct Plan Growth
5.1%
5%
Mirae Asset Equity Savings Fund Direct Growth
12.35%
8.49%
Harshad Borawake

Harshad Borawake

Managing this fund since 12 October 2019

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset Hybrid Equity Fund -Direct Plan-Growth
15.03%
13.84%
Mirae Asset Equity Savings Fund Direct Growth
12.35%
8.49%
Bharti Sawant

Bharti Sawant

Managing this fund since 28 December 2020

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset Equity Allocator Fund of Fund Direct Growth
0%
--
Mirae Asset Equity Savings Fund Direct Growth
12.35%
8.49%
Vrijesh Kasera

Vrijesh Kasera

Managing this fund since 12 October 2019

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset Hybrid Equity Fund -Direct Plan-Growth
15.03%
13.84%
Mirae Asset Equity Savings Fund Direct Growth
12.35%
8.49%
Mirae Asset Healthcare Fund Direct Growth
29.79%
23.4%

AMC details

Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Fund House
Mirae Asset Investment Managers (India) Private Limited

Fund Highlights

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 11.56% since inception which is more than its category average return of 7.4%
Fund Allocations

Fund Allocations

This fund has an allocation of 40.79% in Equity, 22.28% in Debt and 36.92% in Cash related instruments
AUM size ₹583 Cr

AUM size ₹583 Cr

This fund has AUM of ₹583 Cr which is less than its category average of ₹ 797 Cr
Expense Ratio 0.41%

Expense Ratio 0.41%

This fund has an expense ratio of 0.41% which is less than its category average expense ratio of 1.24%

Frequently Asked Questions

The current NAV of Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal is 13.02.
Existing (Absolute + CAGR)
Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
-0.97%
-0.97%
6 Month Returns
2.13%
2.13%
1 Year Returns
1.38%
1.38%
3 Years Returns
39.74%
11.8%
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.
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  • Select your bank account and proceed with Payment.
0.41 as on August 2022
583 Cr as on August 2022
Reliance Industries Ltd(3.77%),HDFC Bank Ltd(3.29%),Infosys Ltd(3.23%),ICICI Bank Ltd(2.98%),Maruti Suzuki India Ltd(2.8%) as on August 2022
Cash Equivalent(36.92%),Government(21.44%),Financial Services(13.79%) as on August 2022
AAA
96.35
AA
3.65
Vrijesh Kasera,Mahendra Jajoo,Harshad Borawake,Bharti Sawant are the fund managers of Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal
The Exit load of Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal is 1%