Mirae Asset Equity Savings Fund Regular-IDCW
(Scheme Rating)
NAV as of Jun 28, 2024
13.28-0.04%
(Earn upto 0.99% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Equity Savings
Expense Ratio:
1.31%(1.56% Category
average)Fund Size:
Rs. 1,088.38 Cr(3.30% of Investment in Category)
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Mirae Asset Equity Savings Fund Regular-IDCW
(Scheme Rating)
NAV as of Jun 28, 2024
13.28-0.04%
Expense Ratio:
1.31%
Fund Size:
Rs. 1,088.38 Cr
Fund Category:
Hybrid: Equity Savings
1. Current NAV: The Current Net Asset Value of the Mirae Asset Equity Savings Fund - Regular Plan as of Jun 28, 2024 is Rs 13.28 for IDCW option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 17.14% (1yr), 10.56% (3yr), 12.07% (5yr) and 11.94% (since launch). Whereas, Category returns for the same time duration are: 15.63% (1yr), 9.54% (3yr) and 9.51% (5yr).
3. Fund Size: The Mirae Asset Equity Savings Fund - Regular Plan currently holds Assets under Management worth of Rs 1088.38 crore as on May 31, 2024.
4. Expense ratio: The expense ratio of the fund is 1.31% for Regular plan as on Jun 22, 2024.
5. Exit Load: Mirae Asset Equity Savings Fund - Regular Plan shall attract an Exit Load, "Exit load of 1% if redeemed within 1 year for units above 15% of the investment."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
Mirae Asset Equity Savings Fund Regular-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 3.16 5.55 7.95 17.14 10.56 12.07 Category Avg 2.55 4.63 7.40 15.63 9.54 9.51 Rank within Category 4 4 8 9 7 2 No. of funds within Category 22 22 22 22 22 21 - Loading...
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Return Comparison
- This Fund
- BenchmarkUTI Equity Savings Reg-IDCW
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Mirae Asset Equity Savings Fund Regular-IDCW Fund Details
Investment Objective - The scheme seeks 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.
Fund House | Mirae Asset Mutual Fund |
Launch Date | Dec 17, 2018 |
Benchmark | NIFTY Equity Savings Total Return Index |
Return Since Launch | 11.94% |
Riskometer | Moderate |
Type | Open-ended |
Risk Grade | Average |
Return Grade | High |
Mirae Asset Equity Savings Fund Regular-IDCW Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 500.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load Exit load of 1% if redeemed within 1 year for units above 15% of the investment. |
Portfolio Allocation
Equity
Debt
Asset Allocation
Loading...Asset Allocation History
Loading...EquityDebtCashSector Allocation
Loading...Market Cap Allocation
Loading...Concentration & Valuation Analysis
MAY 2024 APR 2024 MAR 2024 FEB 2024 JAN 2024 DEC 2023 Number of Holdings 176 171 162 156 161 167 Top 5 Company Holdings 13.13% 14.07% 15.15% 15.16% 15.57% 16.23% Top 10 Company Holdings 24.47% 24.56% 26.69% 26.59% 27.03% 27.78% Company with Highest Exposure HDFC Bank (3.53%) HDFC Bank (3.74%) HDFC Bank (3.9%) HDFC Bank (3.42%) HDFC Bank (3.64%) HDFC Bank (4.22%) Number of Sectors 15 15 15 15 16 16 Top 3 Sector Holdings 18.04% 19.01% 20.48% 20.16% 20.36% 20.15% Top 5 Sector Holdings 23.07% 24.11% 26.41% 25.93% 26.36% 26.19% Sector with Highest Exposure Financial (12.02%) Financial (12.7%) Financial (13.59%) Financial (13.42%) Financial (13.26%) Financial (13.51%)
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 3.53 19.97 84.33 -2.31 Reliance Industries Energy 2.39 30.43 102.90 18.45 State Bank of India Financial 2.38 11.11 76.40 43.42 TCS Technology 2.28 30.77 126.88 21.33 Infosys Technology 2.2 24.79 63.20 21.14 ICICI Bank Financial 2.09 18.59 64.53 19.58 Coal India Materials 1.93 8.68 54.49 110.48 Larsen & Toubro Construction 1.8 37.35 95.00 49.49 Bharti Airtel Communication 1.69 116.95 12.35 71.00 Kotak Mahindra Bank Financial 1.67 19.67 91.62 -6.32
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Mirae Asset Equity Savings Fund Regular-IDCW 13.28 1,088.38 3.16 17.14 10.56 12.07 UTI Equity Savings Fund Regular-IDCW 17.16 361.72 2.08 16.33 11.33 10.85 HDFC Equity Savings Fund-IDCW 13.02 4,306.53 2.19 17.46 10.78 10.68 Edelweiss Equity Savings Fund Regular-IDCW 15.98 405.69 2.52 16.97 9.71 10.43 Tata Equity Savings Fund Regular-IDCW 24.74 147.97 2.83 16.28 9.67 9.17
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
5.04VS4.32Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
0.84VS0.69Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.84VS0.80Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
5.05VS5.17Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
1.31VS1.01Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
9.58VS8.76Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Mirae Asset Mutual Fund News
Fund Manager
- M.K.Mahendra Kumar JajooSince Nov 20183 schemes
- B.S.Bharti SawantSince Dec 20201 schemes
- H.B.Harshad BorawakeSince Oct 20193 schemes
- V.K.Vrijesh KaseraSince Oct 20192 schemes
Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA. Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Aggressive Hybrid Fund Regular-IDCW Aggressive Hybrid 17.72 8,563.76 25.36 Mirae Asset Nifty SDL June 2028 Index Fund Regular - IDCW Target Maturity 10.92 Unrated 83.54 6.99 Mirae Asset Balanced Advantage Fund Regular - IDCW Dynamic Asset Allocation 13.16 Unrated 1,589.97 20.85 Ms. 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.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Equity Allocator FoF Regular-IDCW Large Cap 24.14 722.32 36.00 Mr. Borawake is MBA(Finance) & B.E.(Polymers) Prior to joining Mirae Asset Mutual Fund, he has worked with Motilal Oswal Securities Ltd. as Vice President and Capmetrics & Risk Solutions Private Ltd. as Research Analyst - Equity.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Aggressive Hybrid Fund Regular-IDCW Aggressive Hybrid 17.72 8,563.76 25.36 Mirae Asset Multi Asset Allocation Fund Regular - IDCW Multi Asset Allocation 10.94 Unrated 1,447.55 - Mirae Asset Balanced Advantage Fund Regular - IDCW Dynamic Asset Allocation 13.16 Unrated 1,589.97 20.85 Mr. Kasera is a MBA (Finance), CFA (ICFAI). Prior to joining Mirae Asset Mutual Fund, he was associated with Axis Capital Ltd. as an Equity Research Analyst. He has also been associated with Edelweiss Broking Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Aggressive Hybrid Fund Regular-IDCW Aggressive Hybrid 17.72 8,563.76 25.36 Mirae Asset Healthcare Fund Regular-IDCW Sectoral-Pharma 22.60 2,201.96 39.74
More Mirae Asset Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Mirae Asset Large Cap Fund Regular- Growth | 37,631.07 | 5.61 | 9.56 | 10.95 | 24.84 | 13.99 | |
Mirae Asset Large & Midcap Fund Regular-Growth | 35,272.60 | 5.43 | 13.88 | 16.40 | 40.15 | 18.55 | |
Mirae Asset ELSS Tax Saver Fund Regular-Growth | 22,620.57 | 5.41 | 12.89 | 15.50 | 36.03 | 17.68 | |
Mirae Asset Midcap Fund Regular - Growth | 15,353.87 | 5.98 | 18.70 | 20.20 | 49.81 | 24.17 | |
Mirae Asset Liquid Fund - Growth | 11,570.11 | 0.60 | 1.85 | 3.72 | 7.27 | 5.70 | |
Mirae Asset Aggressive Hybrid Fund Regular-Growth | 8,563.76 | 5.21 | 9.53 | 12.18 | 25.59 | 13.92 | |
Mirae Asset Focused Fund Regular - Growth | 7,920.31 | 5.02 | 7.93 | 7.78 | 18.40 | 10.96 | |
Mirae Asset Great Consumer Fund Regular-Growth | 3,409.20 | 5.99 | 16.39 | 16.13 | 34.29 | 22.42 | |
Mirae Asset Multicap Fund Regular - Growth | 2,778.68 | 5.26 | 14.84 | 16.05 | - | - | |
Mirae Asset Nifty 50 ETF - Growth | 2,388.15 | 5.14 | 7.29 | 10.67 | 26.32 | 15.80 |
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1. Mirae Asset Equity Savings Fund - Regular Plan is Open-ended Equity Savings Hybrid scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Dec 17, 2018.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks 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. "
2. It is benchmarked against NIFTY Equity Savings Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 35.51% in equities, 22.47% in debts and 42.02% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 21.96% of the assets, the top 3 sectors constitute around 18.04% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
Tax Implications on Mirae Asset Equity Savings Fund Regular-IDCW
Hybrid funds which usually invest 65% or more in equity & equity-related instruments will be taxed like Equity funds and those which invest up to 35% in equity & equity-related instruments will be taxed like the new taxation structure of debt funds. Also, the hybrid funds which invest between 35-65% in equity & equity-related instruments will be taxed as per the old taxation structure of debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months in which the fund has invested. However, since the market is dynamic, asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from the equity as well as debt side:
For Hybrid funds with 65% and above allocation in equity & equity related instruments:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of up to Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
For Hybrid funds with 35-65% allocation in equity & equity related instruments:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
For Hybrid funds with 0-35% allocation in equity & equity related instruments:
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about Mirae Asset Equity Savings Fund Regular-IDCW
- Is it safe to invest in Mirae Asset Equity Savings Fund - Regular Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Equity Savings Fund - Regular Plan comes under Moderate risk category.
- What is the category of Mirae Asset Equity Savings Fund - Regular Plan?Mirae Asset Equity Savings Fund - Regular Plan belongs to the Hybrid : Equity Savings category of funds.
- How Long should I Invest in Mirae Asset Equity Savings Fund - Regular Plan?The suggested investment horizon of investing into Mirae Asset Equity Savings Fund - Regular Plan is 1 – 3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Mirae Asset Equity Savings Fund - Regular Plan?The Mirae Asset Equity Savings Fund - Regular Plan is managed by Mahendra Kumar Jajoo (Since Nov 26, 2018) , Bharti Sawant (Since Dec 28, 2020) , Harshad Borawake (Since Oct 12, 2019) and Vrijesh Kasera (Since Oct 12, 2019).
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