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Mirae Asset Equity Savings Fund

Mirae Asset Equity Savings Fund

Regular PlanGrowth Option

Fund Performance

Lumpsum

SIP

12.89

as on 22 Sep 2023

3 Years

Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 14,387 today.

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NAV Performance

Mirae Asset Equity Savings Fund performance graph for last 3 years
Performance of Mirae Asset Equity Savings Fund for last 3 Years

Fund Information

  • ₹ 16.421

    as on 22 Sep 2023
  • Regular - Growth

  • -

  • ₹ 5,000

  • ₹ 561 Cr.

    as on 31 May 2023
  • 1.43%

  • 17 Dec 2018

  • Hybrid - Equity Savings

  • Nifty 50

  • Mirae Mutual Fund

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Highlights of this fund

Mirae Asset Equity Savings Fund is an Open-ended Hybrid Fund. The fund belongs to Equity Savings category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 17 Dec 2018. This fund is offered by one of the top AMC (Assets Management Company) Mirae Mutual Fund. You can also view here all other Hybrid funds offered by Mirae Mutual Fund.

Latest NAV of the fund is ₹ 16.421 as on 22 Sep 2023.

This fund has 4 years of track record. Since 31 Mar 2023 expense ratio of this fund is 1.43%. Ideally you shoulds compare this fund with the benchmark Nifty 50.

You can invest in this fund in SIP with the minimum investment of ₹ 1,000. Lumpsum invest is offered with minimum investment of ₹ 5,000.

Fund Objective

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.

List of Fund Managers of Mirae Asset Equity Savings Fund

  • About Vrijesh Kasera

    Picture of Vrijesh KaseraMr. Kasera brings with him professional experience covering more than 10 years. His primary responsibility includes Investment Analysis & Research. Prior to this assignment, he was associated with Axis Capital Ltd. as an Equity Research Analyst. He has also been associated with Edelweiss Broking Ltd.
  • About Mahendra Jajoo

    Picture of Mahendra Jajoo
  • About Bharti Sawant

    Picture of Bharti SawantMs. Sawant is an M.S. Finance ( ICFAI Hyderabad ), CFA and B.Com. Prior to joining Mirae Asset Mutual Fund, She was associated with Sushil Finance Securities Pvt. Ltd., Latin Manharlal Securities Pvt. Ltd. and Kabu Shares and Stocking Pvt. Ltd. for Financial Analysis and Research.
  • About Harshad Borawake

    Picture of Harshad BorawakeMr. Borawake's professional experience spans more than 14 years and his primary responsibility includes Investment Analysis & Research. Prior to this assignment, he was associated with Motilal Oswal Securities as Vice President (Research). He has also been associated with Capmetrics & Risk Solutions as Research Analyst - Equity.

Riskometer : Risk associated with this fund

Investors understand that their principal will be at Moderately High Risk

Fund Return Comparison

Fund Name 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 10 Years 1 Year 2 Years 3 Years 5 Years 10 Years
Category Best 2.19% 5.76% 13.64% 12.40% 8.90% 14.41% 10.12% 9.81% 19.63% 12.48% 11.38% 11.91% 9.68%
Category Average 1.00% 3.44% 8.75% 9.24% 6.00% 11.01% 7.90% 8.11% 12.37% 8.82% 8.79% 9.26% 8.07%
Mirae Asset Equity Savings Fund 0.92%₹ 10,092 3.97%₹ 10,396 10.28%₹ 11,028 10.02%₹ 11,001 13.39%₹ 12,853 6.50%₹ 11,342 9.71%₹ 26,471 12.89%₹ 14,387 9.88%₹ 41,768 - - - -
Principal Equity Savings Fund 0.91%₹ 10,091 5.05%₹ 10,504 11.88%₹ 11,188 10.35%₹ 11,035 14.97%₹ 12,951 7.52%₹ 11,560 10.59%₹ 26,697 14.41%₹ 14,976 11.23%₹ 42,597 10.12%₹ 16,203 11.91%₹ 80,938 9.01%₹ 23,718 9.68%₹ 1,98,115
HDFC Equity Savings Fund 1.17%₹ 10,116 4.04%₹ 10,404 8.96%₹ 10,896 9.96%₹ 10,996 12.61%₹ 12,804 7.48%₹ 11,552 9.83%₹ 26,502 14.34%₹ 14,947 10.54%₹ 42,173 8.94%₹ 15,351 10.75%₹ 78,635 9.81%₹ 25,515 9.49%₹ 1,96,162
SBI Equity Savings Fund 2.19%₹ 10,219 5.76%₹ 10,576 13.64%₹ 11,363 12.40%₹ 11,240 19.63%₹ 13,240 7.87%₹ 11,636 12.48%₹ 27,190 13.56%₹ 14,645 11.38%₹ 42,691 9.68%₹ 15,880 11.41%₹ 79,933 - -
UTI Equity Savings Fund 1.13%₹ 10,113 4.36%₹ 10,436 9.95%₹ 10,994 12.28%₹ 11,227 14.54%₹ 12,925 8.35%₹ 11,738 11.25%₹ 26,871 13.56%₹ 14,642 11.07%₹ 42,500 8.84%₹ 15,283 10.86%₹ 78,850 - -
L&T Equity Savings Fund 1.45%₹ 10,144 3.69%₹ 10,369 10.51%₹ 11,050 10.97%₹ 11,096 15.53%₹ 12,986 6.94%₹ 11,437 10.43%₹ 26,657 13.37%₹ 14,572 10.49%₹ 42,141 8.51%₹ 15,051 10.70%₹ 78,536 8.89%₹ 23,466 8.57%₹ 1,86,823

Portfolio Holdings

Portfolio holdings pattern of Mirae Asset Equity Savings Fund as on 26 Sep 2023 are listed below:

  • Equity Holdings:

    66.48%
  • Debt Holdings:

    28.88%
  • Others Holdings:

    31.50%

Top Sector Holdings of Mirae Asset Equity Savings Fund

Name of SectorHolding PercentageHolding Values in Crore
Banks 13.26% ₹ 77.77 Cr.
Computers - Software 5.62% ₹ 32.98 Cr.
Refineries/Marketing 3.84% ₹ 22.55 Cr.
Pharmaceuticals 3.68% ₹ 21.64 Cr.
Passenger/Utility vehicles 2.87% ₹ 16.85 Cr.
Others 70.73% -

Top Stock Holdings of Mirae Asset Equity Savings Fund

Name of StocksHolding PercentageHolding Values in Crore
ICICI Bank Ltd. 4.02% ₹ 23.58 Cr.
Reliance Industries Ltd. 3.84% ₹ 22.55 Cr.
HDFC Bank Ltd. 3.33% ₹ 19.52 Cr.
Infosys Ltd. 2.98% ₹ 17.46 Cr.
Larsen & Toubro Ltd. 2.82% ₹ 16.53 Cr.
Others 83.01% -

Top Debt Instrument Type holdings of Mirae Asset Equity Savings Fund

Instrument TypeHolding PercentageHolding Values in Crore
GOI 21.04% ₹ 123.48 Cr.
NCD & Bonds 4.49% ₹ 26.34 Cr.
T-Bills 3.35% ₹ 19.67 Cr.
Others 71.12% -

Top Debt Holdings of Mirae Asset Equity Savings Fund

Name of Debt InstrumentHolding PercentageHolding Values in Crore
Bond - Govt of India 21.04% ₹ 123.48 Cr.
Bond - T-Bill 3.35% ₹ 19.67 Cr.
Bond - Housing Development Finance Corporation Ltd. 1.53% ₹ 8.96 Cr.
Bond - Shriram Finance Ltd. 1.28% ₹ 7.53 Cr.
Bond - IIFL Finance Ltd. 0.85% ₹ 5.00 Cr.
Others 71.95%

Other Holdings

Holding TypeHolding Percentage
Net Receivables 28.48%
TREPS 3.02%