Name: Mirae Asset Equity Savings Fund Direct IDCW
Brand: Mirae Asset Mutual Fund

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Mirae Asset Equity Savings Fund Direct IDCW
Hybrid
Equity Savings
Moderately High Risk
Payout
0.88%
1M return
+0.07% 1D
1M
6M
1Y
All
 NAV: 25 Oct 2021₹13.94
Min. SIP amount₹1,000
RatingNA
Fund size₹372.06 Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Hybrid Equity Savings
Absolute returns
3M6M1YAll
Fund returns5.1%12.9%25.2%51.4%
Category averageNANA20.4%NA
Rank with in category765NA
Understand termsinfo
Holdings (89)NameSectorInstrumentAssets
GOI
SovereignGOI Sec13.4%
HDFC Bank Ltd.
FinancialEquity4.4%
ICICI Bank Ltd.
FinancialEquity4.3%
GOI
SovereignGOI Sec4.2%
Tata Consultancy Services Ltd.
TechnologyEquity3.6%
Reserve Bank of India
FinancialT-Bills2.6%
Infosys Ltd.
TechnologyEquity2.6%
Adani Ports and Special Economic Zone Ltd.
ServicesEquity2.0%
Reliance Industries Ltd.
EnergyEquity1.9%
Sun TV Network Ltd.
ServicesEquity1.8%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
30 Sep 2021 - Present
0.40%
31 Aug 2021 - 30 Sep 2021
0.39%
31 Jul 2021 - 31 Aug 2021
0.37%
30 Jun 2021 - 31 Jul 2021
0.39%
31 May 2021 - 30 Jun 2021
0.39%
30 Apr 2021 - 31 May 2021
0.40%
31 Mar 2021 - 30 Apr 2021
0.40%
28 Feb 2021 - 31 Mar 2021
0.39%
31 Jan 2021 - 28 Feb 2021
0.38%
31 Dec 2020 - 31 Jan 2021
0.41%
30 Nov 2020 - 31 Dec 2020
0.41%
31 Oct 2020 - 30 Nov 2020
0.43%
30 Sep 2020 - 31 Oct 2020
0.52%
31 Aug 2020 - 30 Sep 2020
0.45%
31 Jul 2020 - 31 Aug 2020
0.44%
30 Jun 2020 - 31 Jul 2020
0.39%
31 May 2020 - 30 Jun 2020
0.39%
30 Apr 2020 - 31 May 2020
0.67%
31 Mar 2020 - 30 Apr 2020
1.23%
29 Feb 2020 - 31 Mar 2020
0.85%
31 Jan 2020 - 29 Feb 2020
0.85%
31 Dec 2019 - 31 Jan 2020
0.43%
30 Nov 2019 - 31 Dec 2019
0.43%
31 Oct 2019 - 30 Nov 2019
0.43%
30 Sep 2019 - 31 Oct 2019
0.44%
31 Aug 2019 - 30 Sep 2019
0.42%
31 Jul 2019 - 31 Aug 2019
0.42%
30 Jun 2019 - 31 Jul 2019
0.42%
31 May 2019 - 30 Jun 2019
0.44%
30 Apr 2019 - 31 May 2019
0.44%
31 Mar 2019 - 30 Apr 2019
0.46%
28 Feb 2019 - 31 Mar 2019
0.46%
31 Jan 2019 - 28 Feb 2019
0.53%
31 Dec 2018 - 31 Jan 2019
0.53%
Expense ratio, exit load and taxExpense ratio: 0.40%Inclusive of GST
Exit loadExit load of 1% if redeemed within 1 year for units above 15% of the investment.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationNA
Understand termsinfo
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000
Fund managementMahendra Kumar Jajoo
Nov 2018 - Present
View details
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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.
Also manages these schemes
Mirae Asset Savings Fund Regular Growth
Mirae Asset Savings Fund Regular IDCW Daily
Mirae Asset Savings Fund Regular Savings Plan IDCW Daily
Mirae Asset Savings Fund Regular Savings Plan IDCW Weekly
Mirae Asset Savings Fund Regular Savings Plan IDCW Quarterly
Mirae Asset Savings Fund Regular Savings Plan IDCW Monthly
Mirae Asset Savings Fund Regular Savings Plan Growth
Mirae Asset Cash Management Fund IDCW Weekly
Mirae Asset Cash Management Fund IDCW Monthly
Mirae Asset Cash Management Fund Growth
Mirae Asset Cash Management Fund IDCW Daily
Mirae Asset Savings Fund Direct Plan Growth
Mirae Asset Savings Fund Direct Plan IDCW Monthly
Mirae Asset Savings Fund Direct Plan IDCW Quarterly
Mirae Asset Savings Fund Direct Plan IDCW Daily
Mirae Asset Savings Fund Direct Plan IDCW Weekly
Mirae Asset Cash Management Fund Direct Growth
Mirae Asset Cash Management Fund Direct IDCW Monthly
Mirae Asset Cash Management Fund Direct IDCW daily
Mirae Asset Cash Management Fund Direct IDCW weekly
Mirae Asset Hybrid Equity Fund Direct Growth
Mirae Asset Hybrid Equity Fund Direct IDCW
Mirae Asset Hybrid Equity Fund Regular Growth
Mirae Asset Hybrid Equity Fund Regular IDCW
Mirae Asset Dynamic Bond Fund Direct Growth
Mirae Asset Dynamic Bond Fund Direct IDCW
Mirae Asset Dynamic Bond Fund Regular Growth
Mirae Asset Dynamic Bond Fund Regular IDCW
Mirae Asset Short Term Fund Direct IDCW
Mirae Asset Short Term Fund Direct Growth
Mirae Asset Short Term Fund Regular Growth
Mirae Asset Short Term Fund Regular IDCW
Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Equity Savings Fund Direct IDCW
Mirae Asset Equity Savings Fund Regular Growth
Mirae Asset Equity Savings Fund Regular IDCW
Mirae Asset Fixed Maturity Plan Series III 1122 Days Direct Growth
Mirae Asset Fixed Maturity Plan Series III 1122 Days Regular Growth
Mirae Asset Overnight Fund Direct Growth
Mirae Asset Overnight Fund Direct IDCW Monthly
Mirae Asset Overnight Fund Regular Growth
Mirae Asset Overnight Fund Regular IDCW Daily
Mirae Asset Arbitrage Fund Regular Growth
Mirae Asset Arbitrage Fund Direct Growth
Mirae Asset Arbitrage Fund Direct IDCW
Mirae Asset Arbitrage Fund Regular IDCW
Mirae Asset Banking And PSU Debt Fund Regular Growth
Mirae Asset Banking And PSU Debt Fund Direct IDCW
Mirae Asset Banking And PSU Debt Fund Regular IDCW
Mirae Asset Banking And PSU Debt Fund Direct Growth
Mirae Asset Ultra Short Duration Fund Direct Growth
Mirae Asset Ultra Short Duration Fund Regular Growth
Mirae Asset Ultra Short Duration Fund Regular IDCW
Mirae Asset Corporate Bond Fund Direct Growth
Mirae Asset Corporate Bond Fund Direct IDCW
Mirae Asset Corporate Bond Fund Regular Growth
Mirae Asset Corporate Bond Fund Regular IDCW
Bharti Sawant
Dec 2020 - Present
View details
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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.
Also manages these schemes
Mirae Asset Nifty 50 ETF Growth
Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Equity Savings Fund Direct IDCW
Mirae Asset Equity Savings Fund Regular Growth
Mirae Asset Equity Savings Fund Regular IDCW
Mirae Asset Nifty Next 50 ETF Growth
Mirae Asset Equity Allocator FoF Direct Growth
Mirae Asset Equity Allocator FoF Regular Growth
Sudhir Kedia
Nov 2018 - Present
View details
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Education
Mr. Kedia is CA, CMA and MBA.
Experience
Prior to joining Principal Mutual Fund, he has worked with Mirae Asset Mutual Fund and ASK investment.
Also manages these schemes
Principal Tax Savings Fund
Principal Equity Savings Fund Growth
Principal Equity Savings Fund IDCW Half Yearly
Principal Equity Savings Fund IDCW Quarterly
Principal Personal Tax Saver Fund
Principal Equity Savings Fund Direct IDCW Half Yearly
Principal Equity Savings Fund Direct IDCW Quarterly
Principal Equity Savings Fund Direct Growth
Principal Personal Tax Saver Fund Direct
Principal Tax Savings Fund Direct
Mirae Asset Hybrid Equity Fund Direct Growth
Mirae Asset Hybrid Equity Fund Direct IDCW
Mirae Asset Hybrid Equity Fund Regular Growth
Mirae Asset Hybrid Equity Fund Regular IDCW
Principal Tax Savings Direct IDCW Half Yearly
Principal Tax Savings Regular IDCW Half Yearly
Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Equity Savings Fund Direct IDCW
Mirae Asset Equity Savings Fund Regular Growth
Mirae Asset Equity Savings Fund Regular IDCW
Principal Midcap Fund Direct Growth
Principal Midcap Fund Regular Growth
Principal Midcap Fund Regular IDCW
Principal Large Cap Fund Regular Growth
Principal Large Cap Fund Direct Growth
Harshad Borawake
Oct 2019 - Present
View details
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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.
Also manages these schemes
Mirae Asset Large Cap Fund Regular Growth
Mirae Asset Large Cap Fund Regular IDCW
Mirae Asset Large Cap Fund Direct Growth
Mirae Asset Large Cap Fund Direct IDCW
Mirae Asset Hybrid Equity Fund Direct Growth
Mirae Asset Hybrid Equity Fund Direct IDCW
Mirae Asset Hybrid Equity Fund Regular Growth
Mirae Asset Hybrid Equity Fund Regular IDCW
Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Equity Savings Fund Direct IDCW
Mirae Asset Equity Savings Fund Regular Growth
Mirae Asset Equity Savings Fund Regular IDCW
Vrijesh Kasera
Oct 2019 - Present
View details
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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.
Also manages these schemes
Mirae Asset Hybrid Equity Fund Direct Growth
Mirae Asset Hybrid Equity Fund Direct IDCW
Mirae Asset Hybrid Equity Fund Regular Growth
Mirae Asset Hybrid Equity Fund Regular IDCW
Mirae Asset Healthcare Fund Direct Growth
Mirae Asset Healthcare Fund Direct IDCW
Mirae Asset Healthcare Fund Regular Growth
Mirae Asset Healthcare Fund Regular IDCW
Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Equity Savings Fund Direct IDCW
Mirae Asset Equity Savings Fund Regular Growth
Mirae Asset Equity Savings Fund Regular IDCW
Fund house & investment objective
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Mirae Asset Mutual Fund
Rank (total assets)#13 in India
Total AUM70,165.29 Cr
Date of Incorporation30 Nov 2007
Mirae Asset Equity Savings Fund Direct IDCW is a Hybrid Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to inve
Mirae Asset Equity Savings Fund Direct IDCW is a Hybrid Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 30 Nov 2007. Sudhir Kedia is the Current Fund Manager of Mirae Asset Equity Savings Fund Direct IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹70,165 Cr and the Latest NAV as of 25 Oct 2021 is ₹13.94.
The Mirae Asset Equity Savings Fund Direct IDCW is rated Moderately High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 1 year for units above 15% of the investment....Read more
Investment Objective
The scheme seeks to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage op
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.
...Read more
Fund benchmarkNIFTY Equity Savings TRI
descriptionScheme Information Document(SID)
Fund house contact details
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Address
Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), MUMBAI 400098
Phone
022-67800300
Launch Date
30 Nov 2007
E-mail
[email protected]
Website
NA
Mirae Asset Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
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	3M	6M	1Y	All
Fund returns	5.1%	12.9%	25.2%	51.4%
Category average	NA	NA	20.4%	NA
Rank with in category	7	6	5	NA

Name	Sector	Instrument	Assets
GOI	Sovereign	GOI Sec	13.4%
HDFC Bank Ltd.	Financial	Equity	4.4%
ICICI Bank Ltd.	Financial	Equity	4.3%
GOI	Sovereign	GOI Sec	4.2%
Tata Consultancy Services Ltd.	Technology	Equity	3.6%
Reserve Bank of India	Financial	T-Bills	2.6%
Infosys Ltd.	Technology	Equity	2.6%
Adani Ports and Special Economic Zone Ltd.	Services	Equity	2.0%
Reliance Industries Ltd.	Energy	Equity	1.9%
Sun TV Network Ltd.	Services	Equity	1.8%

Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	NA
Fund size	₹372.06 Cr