September 14, 2022
RA Jainee
Mirae Asset Equity Savings Fund
NAV Growth : Rs 15.6980
NAV IDCW : Rs 13.3620
Suitable For Which Investors ?
“Equity-savings funds invest about a third of your money each in equity shares, bonds and arbitrage opportunities, though these proportions may vary a bit depending upon the market outlook of the fund manager. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt and arbitrage portions of these funds can provide a moderate, but steady stream of income. The equity allocation, though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
Fund’s Investment Strategy :
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 Manager :
1) Harshad Borawake
Education : Mr. Borawake is MBA(Finance) & B.E.(Polymers)
Experience : 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.
2) Bharti Sawant
Education : Ms. Sawant is an M.S. Finance ( ICFAI Hyderabad ), CFA and B.Com.
Experience : 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.
3) Vrijesh Kasera
Education : Mr. Kasera is a MBA (Finance), CFA (ICFAI).
Experience : 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.
4) Mahendra Kumar Jajoo
Education : Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
Experience : 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.
Investment Details
| Min. Investment (Rs) : | 5,000 |
| Min. Addl Investment (Rs) : | 1,000 |
| Min. SIP Investment (Rs) : | 1,000 |
| Min. Withdrawal (Rs) : | — |
| Min. No of Cheques : | 5 |
| Min. Balance (Rs) : | — |
| Lock-in Period : | NA |
| Exit Load : | For units in excess of 15% of the investment, 1% will be charged for redemption with in 365 days |
Basic Details
| Fund House : | Mirae Asset Mutual Fund |
| Launch Date : | 18-Dec-18 |
| Return Since Launch : | 12.82% |
| Benchmark : | NIFTY Equity Savings TRI |
| Riskometer : | Moderately High |
| Type : | Open-ended |
| Assets : | Rs 583 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | 0.40% |
| (As on 31-Jul-2022) | |
| Risk Grade : | Average |
| Return Grade : | High |
| Turnover : | 424.00% |
Mirae Asset Equity Savings Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Eqt Svngs Dir | 3.79 | 0.31 | 1.51 | 8 | 5.93 | 5.36 | 14.05 | — | — | — |
| VR MIP TRI | 3.44 | 0.4 | 1.68 | 7.74 | 5.15 | 4.08 | 9.61 | — | — | — |
| Hybrid: Equity Savings | 3.45 | 0.24 | 1.39 | 6.25 | 4.76 | 4.76 | 10.53 | — | — | — |
| Rank within category | 10 | 6 | 8 | 1 | 3 | 8 | 2 | — | — | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 14 | 11 | 0 |
Mirae Asset Equity Savings Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| Mirae Asset Eqt Svngs Dir | 5 star | 5.36 | 14.05 | — | 0.4 | 583 | 12.82 | 1.00 (365) | 3yrs 9mo | 424.00 |
| SBI Eqt Svngs Dir | 4 star | 4.84 | 11.87 | 8.83 | 0.64 | 2,443 | 9.46 | 0.10 (15) | 7yrs 3mo | 475.00 |
| Kotak Eqt Svngs Dir | 4 star | 8.91 | 11.5 | 9.09 | 1.09 | 1,972 | 9.45 | 1.00 (90) | 7yrs 11mo | 32.60 |
| Mahindra Manulife Eqt Svngs Dhan Sanchay Yjn Dir | 4 star | 5.85 | 14.58 | 9.8 | 0.62 | 444 | 10.78 | 1.00 (365) | 5yrs 7mo | 370.00 |
| ICICI Pru Eqt Svngs Dir | 3 star | 6.8 | 8.62 | 7.81 | 0.44 | 5,146 | 8.37 | 0.25 (7) | 7yrs 9mo | 34.00 |
Portfolio Analysis
| Number of Stocks : | 104 |
| Number of Bonds : | 9 |
| Average Maturity (yrs) : | 3.87 |
| Top 10 Holdings info (*) (%) : | 39.29 |
| Portfolio P/B Ratio : | 3.34 |
| Portfolio P/E Ratio : | 23.5 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,22,846 | 1,93,222 |
| Giant (%) | 48.14 | 58.91 |
| Large (%) | 18.39 | 23.83 |
| Mid (%) | 26.57 | 13.51 |
| Small (%) | 6.89 | 4.58 |
| Tiny (%) | — | — |
Mirae Asset Equity Savings Fund by Chanakya :
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