Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal
NAV: ₹ 13.8 as on 06-12-2021
Mirae Asset Equity Savings Fund Direct Reinvestment 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, Vrijesh Kasera, Harshad Borawake. This fund gives you the benefit of diversification.
1) Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal has a NAV of 13.804 as on 07-Dec-2021.
2) Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal has 405 Cr worth of assets under management (AUM) as on 07-Dec-2021 and is less than category average.
3) The fund has an expense ratio 0.4 %.
Fund Overview
Expense ratio | 0.4% | |
Benchmark | NIFTY Equity Savings TR INR | |
AUM | ₹405 Cr | |
Inception Date | 17 December, 2018 | |
Min Lumpsum/SIP | ₹5000/₹1000 | |
Exit Load | 1% | |
Lock In | No Lock-in | |
TurnOver | 234.65% |
Fund Distribution
| Financial Services | 34% |
| Basic Materials | 12.8% |
| Tech | 12% |
| Industrial | 9.4% |
| Cyclical | 9.3% |
| Health | 7% |
| Communication | 5.4% |
| Energy | 4.5% |
| Defensive | 3.2% |
| Utilities | 2.4% |
| Real Estate | 0% |
Top Holdings
Fund Highlights
About the fund
Fund Allocations
AUM size ₹405 Cr
Expense Ratio 0.4%
Mahendra Jajoo is B.Com, A.C.A., A.C.S., CFA(from CFA Institute, USA)
25 Years experience
Over 19 years of experience in financial services and capital markets. Jan 2010 till date with Pramerica Asset Managers Private Limited as the Head of Fixed income. June 2008 to Dec 2009. Tata Asset Management Limited as Head Fixed Income and Structured Products managing Fixed Income investment/portfolio. Jan 2005 to June 2008 ABN AMRO AMC as CIO- Fixed Income and Structured Products managing Fixed Income investment/portfolio. Mar 1999 to Dec 2004 ABN AMRO Securities India Pvt. Ltd. as Head- Primary Dealership, handling, trading and investments in government securities and corporate bonds.
Bharti Sawant is B.Com; MS (Finance) from ICFAI Hyderabad; CFA
13 Years experience
Vrijesh Kasera is B.Com; MBA; CFA (Finance); MS (Finance); CFA
12 Years experience
Harshad Borawake is BE, Polymer; HSC, Science; MBA (Finance)
14 Years experience
AMC details
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