Groww Logo
Home>Mutual Funds>Mirae Asset Mutual Fund>Mirae Asset Equity Savings Fund Direct Growth

Mirae Asset Equity Savings Fund Direct Growth

Hybrid
Equity Savings
Moderately High Risk
12.44%
3Y annualised
-0.02% 1D
1M
6M
1Y
3Y
All
NAV: 18 May 2022₹14.71
Min. SIP amount₹1,000
Rating5
Fund size₹510.79Cr

Returns and rankings

Category: Hybrid Equity Savings
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA6.7%12.4%12.0%
Category averageNA20.4%8.3%NA
Rank with in categoryNA112NA
Understand terms

Holdings (96)

NameSectorInstrumentAssets
GOI
SovereignGOI Sec11.6%
Infosys Ltd.TechnologyEquity3.8%
Reliance Industries Ltd.EnergyEquity3.4%
GOISovereignGOI Sec3.0%
Axis Bank Ltd.FinancialEquity2.7%
HDFC Bank Ltd.FinancialEquity2.7%
ICICI Bank Ltd.FinancialEquity2.7%
Sun Pharmaceutical Industries Ltd.HealthcareEquity2.7%
State Bank of IndiaFinancialEquity2.4%
Reserve Bank of India
FinancialT-Bills1.9%
See All

Pros and cons

Category: Hybrid Equity Savings

Pros

3Y annualised returns higher than category average by 4.74%
Lower expense ratio: 0.48%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Cons

1Y annualised returns lower than category average by 7.77%

Expense ratio, exit load and tax

Expense ratio: 0.48%

Inclusive of GST

Exit load

Exit load of 1% if redeemed within 1 year for units above 15% of the investment.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

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

Fund management

Mahendra Kumar Jajoo
Nov 2018 - Present
View details

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

Bharti Sawant
Dec 2020 - Present
View details

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

Fund house & investment objective

Fund house contact details

Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Launch Date
26 Apr 2019
Website
NA
Amc Image
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,

Compare funds

Mirae Asset Equity Savings Fund Direct Growth
VS
Add mutual fund to compare

FAQs

How to Invest in Mirae Asset Equity Savings Fund Direct Growth?

You can easily invest in Mirae Asset Equity Savings Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for Mirae Asset Equity Savings Fund Direct Growth from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in Mirae Asset Equity Savings Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Mirae Asset Equity Savings Fund Direct Growth provide?

The Mirae Asset Equity Savings Fund Direct Growth has been there from 18 Dec 2018 and the average annual returns provided by this fund is 6.69% since its inception.

How much expense ratio is charged by Mirae Asset Equity Savings Fund Direct Growth?

The term Expense Ratio used for Mirae Asset Equity Savings Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Mirae Asset Equity Savings Fund Direct Growth is 0.48% as of 19 May 2022...

What is the AUM of Mirae Asset Equity Savings Fund Direct Growth?

The AUM, short for Assets Under Management of Mirae Asset Equity Savings Fund Direct Growth is ₹510.79Cr as of 19 May 2022.

How to Redeem Mirae Asset Equity Savings Fund Direct Growth?

If you want to sell your Mirae Asset Equity Savings Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Mirae Asset Equity Savings Fund Direct Growth?

You can select either SIP or Lumpsum investment of Mirae Asset Equity Savings Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Mirae Asset Equity Savings Fund Direct Growth?

The NAV of Mirae Asset Equity Savings Fund Direct Growth is ₹14.71 as of 18 May 2022.

What is the PE and PB ratio of Mirae Asset Equity Savings Fund Direct Growth?

The PE ratio ratio of Mirae Asset Equity Savings Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Loading...
ⓒ 2016-2022 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 2.3.8
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  L&T |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  INDIABULLS |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI