Mirae Asset Equity Savings Fund Direct Growth
Get the latest NAV of Mirae Asset Equity Savings Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.
₹21.16
▲1.6%1D
NAV as on 12 May 2025
12.42%/per year
Since Inception
▲▼
455 people have invested ₹ 65.7L in Mirae Asset Equity Savings Fund Direct Growth in the last three months
Fund Performance
as on (12-May-25)
Mirae Asset Equity Savings Fund Ranking and Peer Comparison
Ranked based on performance, risk management and cost efficiency
Ranked 7 out of 13 mutual funds in the equity savings category as per INDmoney.
Mirae Asset Equity Savings Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
Mirae Asset Equity Savings Fund Asset Allocation
See fund asset allocation details as on (15-Apr-25)
Fund Distribution
as on (15-Apr-25)
Equity 43.3%
Debt & Cash 56.7%
Mirae Asset Equity Savings Fund Sector Allocation
See fund sector allocation details as on (15-Apr-25)
Sector Allocation
Equity 43.3%
Debt & Cash 56.7%
Top 3 Sectors in March were Government, Corporate & Financial Services
Financial Services
30%
Government
26%
Corporate
17%
Government
49%
Corporate
29%
Financial Services
29%
Mirae Asset Equity Savings Fund Holdings Details
as on (30-Apr-25)
Equity
Debt & Cash
Mirae Asset Equity Savings Fund Direct Growth Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.37% |
Benchmark | NIFTY Equity Savings TR INR |
| AUM | ₹1402 Cr |
| Inception Date | 17 December, 2018 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 250.37% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Moderately High risk |
About Mirae Asset Equity Savings Fund
Mirae Asset Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 17 December, 2018. The fund is managed by Bharti Sawant, Harshad Borawake, Vrijesh Kasera, Mahendra Jajoo. This fund gives you the benefit of diversification.
Key Parameters
- Mirae Asset Equity Savings Fund Direct Growth has ₹1402 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
Mirae Asset Equity Savings Fund Direct Growth has given a CAGR return of 12.42% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 12.01%, 13.31% and 15.68% respectively.
Holdings
Mirae Asset Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Corporate, Consumer Cyclical, Industrial, Basic Materials, Health, Tech, Energy, Utilities, Consumer Defensive, 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitLong term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of Mirae Asset Equity Savings Fund Direct Growth
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 99.00. Mirae Asset Equity Savings Fund Direct Growth has no lock in period.
Fund Manager
Bharti Sawant
Fund Manager of Mirae Asset Equity Savings Fund Direct Growth, since 28 December 2020
Harshad Borawake
Fund Manager of Mirae Asset Equity Savings Fund Direct Growth, since 12 October 2019
Vrijesh Kasera
Fund Manager of Mirae Asset Equity Savings Fund Direct Growth, since 12 October 2019
Mahendra Jajoo
Fund Manager of Mirae Asset Equity Savings Fund Direct Growth, since 17 December 2018
- AUM of the fund stands at 1.4K Cr as of Mar'25
- AUM increased by 46.8 Cr between Mar'25 and Feb'25
More funds from Mirae
3Y CAGR
▲ 19.39
5Y CAGR
▲ 20.71
3Y CAGR
▲ 7.33
1Y CAGR
▲ 12.22
1Y CAGR
▲ 15.40
Frequently Asked Questions for Mirae Asset Equity Savings Fund Direct Growth
What is the current NAV of Mirae Asset Equity Savings Fund Direct Growth?
What are the average returns of Mirae Asset Equity Savings Fund Direct Growth?
Mirae Asset Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.97% | 3.97% |
6 Month Returns | 4.3% | 4.3% |
1 Year Returns | 12.01% | 12.01% |
3 Years Returns | 45.49% | 13.31% |
How do I invest in Mirae Asset Equity Savings Fund Direct Growth?
- 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.
What is the expense ratio of Mirae Asset Equity Savings Fund Direct Growth?
What is net assets under management (AUM) of Mirae Asset Equity Savings Fund Direct Growth?
What are the top 5 holdings of Mirae Asset Equity Savings Fund Direct Growth?
What are the top 3 sectors that this Mirae Asset Equity Savings Fund Direct Growth has invested in?
What is the credit rating breakup of Mirae Asset Equity Savings Fund Direct Growth?
AAA | 96.92 |
AA | 3.08 |