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

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

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Hybrid
Direct
Equity Savings

NAV: ₹ 13.5 as on 09-12-2022

Fund Performance
zero opening, trading, fund transfer fee
3 people have invested ₹ 25.5K in mutual fund in the last three months

Fund Performance

Return
1M
3M
6M
1Y
3Y
This Fund
1.2%
1.9%
7.8%
4.4%
12.2%
Benchmark
0.3%
6.2%
2%
2.6%
9.9%
About the Fund

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, Harshad Borawake, Vrijesh Kasera, Bharti Sawant. This fund gives you the benefit of diversification.

Key parameters

1) Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal has a NAV of 13.544 as on 09-12-2022.

2) Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal has 592 Cr worth of assets under management (AUM) as on 31-10-2022 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
₹592 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 41.6%
  • Debt & Cash 58.4%

Sector Allocation

Oct'22

Sep'22

Aug'22

Financial Services

28%

Consumer Cyclical

14.2%

Basic Materials

10.4%

Industrial

9.1%

Consumer Defensive

8.5%

Health

7.6%

Tech

7.4%

Communication

5.8%

Energy

5.7%

Utilities

2.4%

Real Estate

1%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings133
Equity Holdings123
Debt Holdings10
Holdings
Weight%
Holdings Trend
1M Change
icon
5.63 4/12/2026 12:00:00 Am
4.04%
-58.3%
icon
Reliance Industries Ltd
4.03%
0%
icon
Infosys Ltd
3.74%
56.5%
icon
7.38 6/20/2027 12:00:00 Am
3.41%
100%
icon
HDFC Bank Ltd
3.31%
15.7%

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 6.5 Cr in last 1M
Oct'22 return outperformed benchmark

Change in AUM

Oct'22
₹ 587.8 Cr
Sep'22
₹ 581.4 Cr
Aug'22
₹ 582.8 Cr

Fund Returns vs Benchmark

Oct'22
4.39%
3.06%
Sep'22
-0.86%
-0.71%
Aug'22
1.72%
1.52%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Oct'22
Oct'22
Aug'22
No of Holdings
136
136
145
Top 5 Company Concentration
17.2%
15.5%
16.1%
Company having highest exposure
Reliance Industries Ltd (3.8%)
Reliance Industries Ltd (3.6%)
Reliance Industries Ltd (3.8%)
No of Sectors
14
14
14
Top 5 Sectors Concentration
79.4%
81.5%
81.7%
Sector having highest exposure
Cash Equivalent (38.8%)
Cash Equivalent (37.7%)
Cash Equivalent (36.9%)

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 Savings Fund Direct Plan Growth
5.19%
5.06%
Mirae Asset Equity Savings Fund Direct Growth
12.63%
9.13%
Mirae Asset Hybrid Equity Fund -Direct Plan-Growth
15.83%
15.48%
Harshad Borawake

Harshad Borawake

Managing this fund since 12 October 2019

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset Equity Savings Fund Direct Growth
12.63%
9.13%
Mirae Asset Hybrid Equity Fund -Direct Plan-Growth
15.83%
15.48%
Vrijesh Kasera

Vrijesh Kasera

Managing this fund since 12 October 2019

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset Healthcare Fund Direct Growth
28.22%
22.92%
Mirae Asset Equity Savings Fund Direct Growth
12.63%
9.13%
Mirae Asset Hybrid Equity Fund -Direct Plan-Growth
15.83%
15.48%
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
12.63%
9.13%

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

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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 12.02% since inception which is more than its category average return of 7.58%
Fund Allocations

Fund Allocations

This fund has an allocation of 41.64% in Equity, 19.61% in Debt and 38.75% in Cash related instruments
AUM size ₹592 Cr

AUM size ₹592 Cr

This fund has AUM of ₹592 Cr which is less than its category average of ₹ 788 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 1.23%

Frequently Asked Questions

The current NAV of Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal is 13.56.
Existing (Absolute + CAGR)
Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
1.16%
1.16%
6 Month Returns
8.1%
8.1%
1 Year Returns
5.2%
5.2%
3 Years Returns
41.27%
12.21%
5 Years Returns
0%
0%
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0.41 as on November 2022
588 Cr as on November 2022
Reliance Industries Ltd(3.79%),HDFC Bank Ltd(3.74%),Infosys Ltd(3.55%),ICICI Bank Ltd(3.28%),Maruti Suzuki India Ltd(2.81%) as on November 2022
Cash Equivalent(38.75%),Government(18.78%),Financial Services(11.65%) as on November 2022
AAA
95.92
AA
4.08
Mahendra Jajoo,Harshad Borawake,Vrijesh Kasera,Bharti Sawant are the fund managers of Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal
The Exit load of Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal is 1%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.