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

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

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, Bharti Sawant, Harshad Borawake, 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 ₹1088 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal has given a CAGR return of 12.48% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 17.81%, 10.71% and 12.52% respectively.

Holdings

Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal has allocated its funds majorly in Government, Cash Equivalent, Financial Services, Corporate, Industrial, Tech, Energy, Basic Materials, Consumer Cyclical, Health, Consumer Defensive, Utilities, 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 benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

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

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 500.00. Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
3 people have invested ₹ 2.5K in Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal in the last three months

Fund Overview

Expense ratio0.34%
Benchmark
NIFTY Equity Savings TR INR
AUM₹1088 Cr
Inception Date17 December, 2018
Min Lumpsum/SIP₹5000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
163.85%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-May-24)

  • Equity 67.8%

  • Debt & Cash 32.2%

Large cap
50.8%

Mid cap
10.1%

Small cap
6.7%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
28.6%
Industrial
13.8%
Tech
11.1%
Energy
8.9%
Basic Materials
8.3%
Consumer Cyclical
7.9%
Health
5.5%
Consumer Defensive
4.8%
Utilities
4.7%
Communication
3.7%
Real Estate
2.6%
All changes are between Oct'69 and Dec'69

Mahendra Jajoo
Mahendra Jajoo
Fund Manager of Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal, since 17 December 2018
Bharti Sawant
Bharti Sawant
Fund Manager of Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal, since 28 December 2020
Harshad Borawake
Harshad Borawake
Fund Manager of Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal, since 12 October 2019
Vrijesh Kasera
Vrijesh Kasera
Fund Manager of Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal, since 12 October 2019

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

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 12.48% since inception which is more than its category average return of 8.2%
Fund Allocations

Fund Allocations

This fund has an allocation of 67.81% in Equity, 21.78% in Debt and 10.41% in Cash related instruments
AUM size ₹1088 Cr

AUM size ₹1088 Cr

This fund has AUM of ₹1088 Cr which is less than its category average of ₹ 1321 Cr
Expense Ratio 0.34%

Expense Ratio 0.34%

This fund has an expense ratio of 0.34% which is less than its category average expense ratio of 1.13%

Frequently Asked Questions

The current NAV of Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal is ₹14.13 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Mirae Asset Equity Savings Fund Direct Payout of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
3.41%
3.41%
6 Month Returns
7.74%
7.74%
1 Year Returns
17.81%
17.81%
3 Years Returns
35.7%
10.71%
5 Years Returns
80.34%
12.52%
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.
0.34% as on May 2024
₹1088 Cr as on May 2024
HDFC Bank Ltd(3.53%), 7.18% Govt Stock 2033(2.5%), Reliance Industries Ltd(2.39%), State Bank of India(2.38%), 7.32% Govt Stock 2030(2.33%) as on May 2024
Financial Services(19.4%), Government(16.8%), Cash Equivalent(10.41%) as on May 2024
AAA
96.93
AA
3.07
Mahendra Jajoo, Bharti Sawant, Harshad Borawake, Vrijesh Kasera 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%