Mirae Asset Equity Savings Fund - Direct (IDCW)


Equity Savings
  • NAV 14.42 (0.22%)
  • Fund Size (Cr) ₹1126.87
  • Expense Ratio 0.34
  • Scheme Type Active Fund
  • Value Research Stars
  • Minimum investment ₹5000
  • Minimum Additional Investment ₹1000
  • Minimum SIP Investment ₹500
  • Minimum Withdrawal ₹0
  • Exit Load 0%
  • Return Since Launch 13.27%

Basic Details

Scheme Manager
Harshad Borawake
Bench Mark
NIFTY Equity Savings Index TRI
Type
OPEN

Lumpsum Returns

  • Period Invested For
  • ₹10000 Invested on
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • Category Avg
  • Rank within Category
  • 1 Week
  • 05-Jul-24
  • 10030.60
  • 0.31%
  • -
  • 0.26%
  • 56/140
  • 1 Month
  • 12-Jun-24
  • 10280.24
  • 2.80%
  • -
  • 1.97%
  • 15/140
  • 3 Month
  • 12-Apr-24
  • 10603.92
  • 6.04%
  • -
  • 4.49%
  • 12/140
  • 6 Month
  • 12-Jan-24
  • 10892.55
  • 8.93%
  • -
  • 7.25%
  • 26/140
  • 1 Year
  • 12-Jul-23
  • 11897.44
  • 18.97%
  • 18.97%
  • 15.59%
  • 33/140
  • 3 Year
  • 12-Jul-21
  • 14032.75
  • 40.33%
  • 11.96%
  • 9.66%
  • 29/140
  • 5 Year
  • 12-Jul-19
  • 18913.20
  • 89.13%
  • 13.59%
  • 10.32%
  • 9/125
  • Since Inception
  • 17-Dec-18
  • 20025.30
  • 100.25%
  • 13.27%
  • 8.38%
  • 2/140

Note: Lumpsum Returns since Inception Date.

SIP Returns

  • Period Invested For
  • ₹10000 Invested on
  • Investments
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • 1 Year
  • 01-Aug-23
  • 120000
  • 173452.35
  • 44.54%
  • 44.54%
  • 3 Year
  • 02-Aug-21
  • 360000
  • 537732.16
  • 49.37%
  • 14.31%
  • 5 Year
  • 01-Aug-19
  • 600000
  • 954966.96
  • 59.16%
  • 9.74%
  • 10 Year
  • -
  • -
  • -
  • -
  • -

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

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Risk Ratios

  • Standard Deviation
    1.46%
  • Beta
    0.36%
  • Sharpe Ratio
    0.75%
  • Treynor’s Ratio
    0.14%
  • Jension’s Alpha
    1.70%

Asset Allocation

There is no Asset Allocation data.

Sector Allocation

There is no Sector Allocation data.

Top 10 stock holding in portfolio

  • Stock Invested in
  • % of Total Holdings
  • Quantity
  • Value (Cr)
  • Asset Type
  • Segment
  • HDFC Bank
  • 3.75%
  • 250846
  • 42.24
  • Equity
  • Banks
  • Reliance Industr
  • 2.53%
  • 91030
  • 28.50
  • Equity
  • Refineries
  • Infosys
  • 2.36%
  • 169950
  • 26.63
  • Equity
  • IT - Software
  • St Bk of India
  • 2.35%
  • 311601
  • 26.45
  • Equity
  • Banks
  • TCS
  • 2.34%
  • 67485
  • 26.35
  • Equity
  • IT - Software
  • ICICI Bank
  • 2.12%
  • 198825
  • 23.85
  • Equity
  • Banks
  • Coal India
  • 1.84%
  • 439210
  • 20.78
  • Equity
  • Mining & Mineral products
  • Kotak Mah. Bank
  • 1.73%
  • 108436
  • 19.55
  • Equity
  • Banks
  • Bharti Airtel
  • 1.72%
  • 134267
  • 19.39
  • Equity
  • Telecomm-Service
  • Larsen & Toubro
  • 1.68%
  • 53393
  • 18.95
  • Equity
  • Infrastructure Developers & Operators

Peer Comparison

  • Scheme Name
  • Value Research
  • Asset Size (Cr)
  • 1M
  • 3M
  • 6M
  • 1Y
  • 3Y
  • Mirae Asset Equity Savings Fund - Direct (IDCW)
  • Stars
  • 1126.87
  • 2.80%
  • 6.04%
  • 8.93%
  • 18.97%
  • 11.96%
  • HSBC Equity Savings Fund - Direct (IDCW-Q)
  • Stars
  • 344.15
  • 3.40%
  • 9.82%
  • 16.51%
  • 27.16%
  • 13.99%
  • HSBC Equity Savings Fund - Direct (G)
  • Stars
  • 344.15
  • 3.40%
  • 9.82%
  • 16.51%
  • 27.15%
  • 14.66%
  • ICICI Pru Equity Savings Fund - Dir (IDCW-Q)
  • Stars
  • 10621.99
  • 1.66%
  • 3.49%
  • 5.02%
  • 26.43%
  • 13.95%
  • HSBC Equity Savings Fund - Direct (IDCW-M)
  • Stars
  • 344.15
  • 3.40%
  • 8.64%
  • 15.26%
  • 25.78%
  • 14.24%
  • Invesco India Equity Savings Fund - Direct (G)
  • Stars
  • 208.22
  • 2.89%
  • 7.33%
  • 11.52%
  • 22.66%
  • 11.72%

News

  • Mirae Asset MF Announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme Mirae Asset Mutual Fund has announced 16 July 2024 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) in the following schemes. The Quantum of IDCW on the face value of Rs 10 per unit will be:

    Mirae Asset Low Duration Fund ' Regular Plan ' Quarterly IDCW Option: Rs 18.75

    Mirae Asset Low Duration Fund ' Direct Plan ' Quarterly IDCW Option: Rs 20.25

    Powered by Capital Market - Live News

  • Mirae Asset launches India's first EV-focused index ETF Mirae Asset Mutual Fund (MF) has launched Nifty EV and New Age Automotive ETF, India's first Exchange Traded Fund (ETF) targeting the electric vehicle (EV) and new age automotive sector. The subscription window began on June 24th, 2024, and will close on July 5th, 2024. Investors can buy and sell shares on the exchange starting July 11th, 2024.

    The ETF tracks the Nifty EV and New Age Automotive Total Return Index, launched in May 2024. This index comprises 33 companies across the EV and new age automotive spectrum, including manufacturers of electric vehicles, hybrids, batteries, raw materials for EVs, and autonomous vehicle technologies. Major holdings currently include Mahindra & Mahindra, Bajaj Auto, and Maruti Suzuki. Thematic weightings are implemented within the index, limiting traditional automakers to a maximum 40% allocation and capping any single holding in that category at 8%.

    As of May 31st, 2024, the Nifty EV & New Age Automotive Index boasts total return of 52.78% over the past one year, 30.73% CAGR over the past five years, and 20.33% CAGR since its inception in April 2018.

    This ETF offers a convenient way for investors to participate in the potential growth of the EV and new age automotive sector. With anticipated acceleration in EV adoption, the ETF has the potential to deliver long-term capital appreciation.

    Powered by Capital Market - Live News

  • Mirae Asset MF Announces change in scheme name Mirae Asset Mutual Fund has announced change in scheme name under the following scheme, with effect from 01 June 2024:

    Change in the Scheme Name:

    Existing Name Revised Name
    Mirae Asset S&P BSE Sensex ETF Mirae Asset BSE Sensex ETF

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

  • Date of Incorporation 26-Nov-2018
  • Total AUM (Cr) ₹1126.87

Mirae Asset Equity Savings Fund - Direct (IDCW) is an Equity Savings-oriented fund from the renowned AMC, Mirae Asset Mutual Fund. Launched in Nov 2018, this fund is managed by Harshad Borawake. With assets under management (AUM) worth ₹1126.87 (Cr), as of 12-Jul-2024, Mirae Asset Equity Savings Fund - Direct (IDCW) is categorized as a Equity Savings within its segment. The fund has generated a return of 13.27% since its launch.
The current NAV of Mirae Asset Equity Savings Fund - Direct (IDCW) is ₹14.42, as on 12-Jul-2024. The fund’s benchmark index is NIFTY Equity Savings Index TRI. You can invest in Mirae Asset Equity Savings Fund - Direct (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹5000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
15% of the units allotted (including Switch-in/STP - in on or before completion of 365 days from the date of allotment of units: Nil. 1.00% - If redeemed within 1 year (365 days) from the date of allotment. Nil - If redeemed after 1 Year (365 days) from the date of allotment.
The fund has generated 11.96% and 13.59% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 70.6% in Equity, 27.2% in Debt and 2.2% in cash and cash equivalents
The top 5 sectors the fund invests in are: 30.52% in Debt, 13.64% in Banks, 6.13% in IT-Software, 3.84% in Finance and 3.56% in Pharmaceuticals & Biotech.

FAQs on Mirae Asset Equity Savings Fund - Direct (IDCW)

Mirae Asset Equity Savings Fund - Direct (IDCW) is a popular fund in the Equity Savings segment. The fund has generated a return of 13.27% since inception. Looking to invest in Mirae Asset Equity Savings Fund - Direct (IDCW)? How about earning 1% extra return? All this is possible with m.Stock! Investing in Mirae Asset Equity Savings Fund - Direct (IDCW) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, Mirae Asset Equity Savings Fund - Direct (IDCW)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in Mirae Asset Equity Savings Fund - Direct (IDCW) today and reap the benefits of this Equity Savings fund!

In the short term, i.e., 1 year, Mirae Asset Equity Savings Fund - Direct (IDCW) has generated annualised return of 18.97%. In the long-term, the fund has generated 11.96% and 13.59% in 3 and 5 years respectively. Since its inception, the fund has generated 13.27% returns.

The expense ratio of Mirae Asset Equity Savings Fund - Direct (IDCW) Direct Growth is 0.34%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

The Assets Under Management (AUM) of Mirae Asset Equity Savings Fund - Direct (IDCW) is ₹1126.87 (Cr) as of 12 July 2024. AUM shows the fund’s popularity and is often indicative of fund strength.

Redeeming or selling units of Mirae Asset Equity Savings Fund - Direct (IDCW) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from Mirae Asset Equity Savings Fund - Direct (IDCW):

  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case Mirae Asset Equity Savings Fund - Direct (IDCW)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).

Yes, you can invest both lumpsum and SIP in Mirae Asset Equity Savings Fund - Direct (IDCW). Minimum lumpsum investment Mirae Asset Equity Savings Fund - Direct (IDCW) is ₹5000 and minimum SIP amount is ₹500. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.

The latest NAV (Net Asset Value) of Mirae Asset Equity Savings Fund - Direct (IDCW) is ₹14.42 as on 12 July 2024.

The 5 biggest stock holdings of Mirae Asset Equity Savings Fund - Direct (IDCW) are:
HDFC Bank (3.75%), Reliance Industr (2.53%), Infosys (2.36%), St Bk of India (2.35%), TCS (2.34%)

A majority of Mirae Asset Equity Savings Fund - Direct (IDCW) 's AUM worth ₹1126.87 (Cr) is invested in these 3 top sectors:

  • Debt: 30.52%
  • Banks: 13.64%
  • IT-Software: 6.13%

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