Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal
Hybrid
Direct
Equity Savings
NAV: ₹ 13.53 as on 16-04-2024
Fund Performance
2 people have invested ₹ 17K in Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal in the last three months
About the 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 is a hybrid fund. This fund was started on 17 December, 2018. The fund is managed by Bharti Sawant, Harshad Borawake, Mahendra Jajoo, Vrijesh Kasera. This fund gives you the benefit of diversification.
Key Parameters
- Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal has ₹930 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.3.
Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal Overview
 | 0.25% |
 Benchmark | NIFTY Equity Savings TR INR |
 | ₹930 Cr |
 | 17 December, 2018 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 163.85% |
Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal Distribution as on (31-Mar-24)
Size breakup
Large cap
51.7%
Mid cap
10.1%
Small cap
6.6%
Sector Allocation
Financial Services
27.6%
Industrial
13.2%
Consumer Cyclical
10.8%
Tech
10.6%
Energy
8.8%
Basic Materials
8.5%
Health
6.2%
Consumer Defensive
5.3%
Communication
4%
Utilities
3.2%
Real Estate
1.8%
Top Holdings of Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal as on (31-Mar-24)
Equity Holdings103
Debt Holdings12
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 3.9% | 14.4% | |
 Reliance Industries Ltd | 2.91% | 0% | |
 State Bank of India | 2.7% | 0% | |
 ICICI Bank Ltd | 2.39% | -25.4% | |
 Infosys Ltd | 2.29% | 13% |
See all
Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 930.1 Cr as of Mar'24
- AUM increased by 31.1 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal Fund Manager
Bharti Sawant
Fund Manager of Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal, since 28 December 2020
Top funds managed
Harshad Borawake
Fund Manager of Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal, since 12 October 2019
Top funds managed
Mahendra Jajoo
Fund Manager of Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal, since 17 December 2018
Top funds managed
Vrijesh Kasera
Fund Manager of Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal, since 12 October 2019
Top funds managed
Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal Highlights
Moderately High risk
Investors understand that their principal will be at Moderately High risk
About the fund
This fund has delivered an average annual returns of 12.03% since inception which is more than its category average return of 7.97%
Fund Allocations
This fund has an allocation of 68.42% in Equity, 18.78% in Debt and 12.8% in Cash related instruments
AUM size ₹930 Cr
This fund has AUM of ₹930 Cr which is less than its category average of ₹ 1219 Cr
Expense Ratio 0.25%
This fund has an expense ratio of 0.25% which is less than its category average expense ratio of 1.15%
Frequently Asked Questions
The current NAV of Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal is ₹13.53 as on 16-Apr-2024.
Existing (Absolute + CAGR) as on 16-Apr-2024.
Mirae Asset Equity Savings Fund Direct Reinvestment of Income Distribution cum capital withdrawal | Absolute Returns | CAGR Returns |
1 Month Returns | 1.15% | 1.15% |
6 Month Returns | 7.79% | 7.79% |
1 Year Returns | 17.63% | 17.63% |
3 Years Returns | 37.03% | 11.07% |
5 Years Returns | 75.47% | 11.9% |
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.
0.25% as on March 2024
₹930 Cr as on March 2024
HDFC Bank Ltd(3.9%), 7.18% Govt Stock 2033(2.93%), Reliance Industries Ltd(2.91%), 7.38% Govt Stock 2027(2.71%), State Bank of India(2.7%) as on March 2024
Financial Services(18.91%), Government(15.85%), Cash Equivalent(12.8%) as on March 2024
AAA | 94.78 |
AA | 5.22 |
Bharti Sawant, Harshad Borawake, Mahendra Jajoo, Vrijesh Kasera 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%