Mirae Asset Equity Savings Fund Direct Growth+0.23%

4Groww
0.00%
1 Year Return
Hybrid
Hybrid: Equity Savings
4.0 star
6M
All

Fund Details

Mirae Asset Equity Savings Fund Direct Growth

RiskModerately High
Min SIP Amount₹1000
Expense Ratio0.43%
NAV11.14 (12 Dec 2019)
Fund Started10 Dec 2018
Fund Size72 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Mirae Asset Equity Savings Fund Direct Growth
NA
NA
NA
11.4%
Category Average
3.0%
5.6%
NA
-
Rank within category
NA
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    Estimated Value
    as per Historical Returns
    0
    with 9.4% annual returns

    Comparison

    Data not available
    Pros
    Found nothing so far.
    Cons
    Found nothing so far.

    Top Holdings

    NameSectorInstrument% Assets
    ICICI Bank Ltd.FinancialEquity5.0%
    Federal Bank Ltd.FinancialEquity4.7%
    United Breweries Ltd.FMCGEquity4.5%
    HDFC Bank Ltd.FinancialEquity4.0%
    Reliance Industries Ltd.EnergyEquity3.2%
    Axis Bank Ltd.FinancialEquity3.1%
    ITC Ltd.FMCGEquity3.1%
    Grasim Industries Ltd.ConstructionEquity2.5%
    Sun Pharmaceutical Inds. Ltd.HealthcareEquity2.2%
    Vedanta Ltd.MetalsEquity2.2%
    See All

    Fund Managers

    addMahendra 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.
    Funds Managed
    addHarshad 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.
    Funds Managed

    Other Details

    Mirae Asset Equity Savings Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was introduced to investors on 10 Dec 2018. Sudhir Kedia is the Current Fund Manager of Mirae Asset Equity Savings Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹72 Cr and the Latest NAV as of 12 Dec 2019 is ₹11.14.

    The Mirae Asset Equity Savings Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 1 year for units above 15% of the investment..

    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.

    Tax Implications

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Exit load of 1% if redeemed within 1 year for units above 15% of the investment.
    Exit Load

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    About Mirae Asset Mutual Fund

    Address
    Unit No.606, 6th Floor,Windsor Building, Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
    Phone
    022- 67800301 / 1800 2090 777
    Launch Date
    29 Nov 2007
    Mirae Asset Mutual Fund
    Asset Management Company
    Custodian
    Deutsche Bank
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
    Enter investment amount
    + ₹1,000
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    + ₹10,000
    ONE TIME
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