Mirae Asset Equity Savings Fund Direct Growth

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.

1. Mirae Asset Equity Savings Fund Direct Growth has ₹1442 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.4.
   

Mirae Asset Equity Savings Fund Direct Growth has given a CAGR return of 12.68% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.15%, 14.27% and 14.78% respectively.

Mirae Asset Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Corporate, Consumer Cyclical, Industrial, Basic Materials, Tech, Health, Energy, Utilities, Consumer Defensive, Communication, Real Estate.

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 benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

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 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.