Mirae Asset Equity Savings Fund Direct Growth

Fund Overview

Fund Size

₹1,313 Cr

Expense Ratio

0.35%

ISIN

INF769K01EK1

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

17 Dec 2018

About this fund

Mirae Asset Equity Savings Fund Direct Growth is a Equity Savings mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 6 years, 3 months and 11 days, having been launched on 17-Dec-18.
As of 27-Mar-25, it has a Net Asset Value (NAV) of ₹20.58, Assets Under Management (AUM) of 1312.96 Crores, and an expense ratio of 0.35%.

Mirae Asset Equity Savings Fund Direct Growth has given a CAGR return of 12.19% since inception.
The fund's asset allocation comprises around 69.85% in equities, 23.71% in debts, and 6.44% in cash & cash equivalents.
You can start investing in Mirae Asset Equity Savings Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+10.45%

+6.29% (Cat Avg.)

3 Years

+11.17%

+8.51% (Cat Avg.)

5 Years

+15.85%

+12.34% (Cat Avg.)

Since Inception

+12.19%

— (Cat Avg.)

Portfolio Summaryas of 28th February 2025

Equity	₹917.09 Cr	69.85%
Debt	₹311.25 Cr	23.71%
Others	₹84.62 Cr	6.44%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
HDFC Bank Ltd	Equity	₹57.74 Cr	4.40%
Treps	Cash - Repurchase Agreement	₹55.36 Cr	4.22%
Tata Consultancy Services Ltd	Equity	₹48.91 Cr	3.72%
ICICI Bank Ltd	Equity	₹37.62 Cr	2.87%
Net Receivables / (Payables)	Cash	₹29.26 Cr	2.23%
Reliance Industries Ltd	Equity	₹28.92 Cr	2.20%
7.32% Govt Stock 2030	Bond - Gov't/Treasury	₹25.74 Cr	1.96%
7.18% Govt Stock 2033	Bond - Gov't/Treasury	₹25.61 Cr	1.95%
REC Ltd. 7.71%	Bond - Corporate Bond	₹25.1 Cr	1.91%
Axis Bank Ltd	Equity	₹24.96 Cr	1.90%
5.63% Govt Stock 2026	Bond - Gov't/Treasury	₹24.75 Cr	1.88%
State Bank of India	Equity	₹23.94 Cr	1.82%
Kotak Mahindra Bank Ltd	Equity	₹23.46 Cr	1.79%
Larsen & Toubro Ltd	Equity	₹23.12 Cr	1.76%
Bharti Airtel Ltd	Equity	₹22.97 Cr	1.75%
6.79% Government Of India (07/10/2034)	Bond - Gov't/Treasury	₹22.1 Cr	1.68%
Mahindra & Mahindra Ltd	Equity	₹21.27 Cr	1.62%
Infosys Ltd	Equity	₹20.32 Cr	1.55%
7.06% Govt Stock 2028	Bond - Gov't/Treasury	₹20.26 Cr	1.54%
Coal India Ltd	Equity	₹20.16 Cr	1.54%
6.54% Govt Stock 2032	Bond - Gov't/Treasury	₹19.77 Cr	1.51%
NTPC Ltd	Equity	₹18.08 Cr	1.38%
Ambuja Cements Ltd	Equity	₹15.71 Cr	1.20%
Bajaj Finance Limited	Bond - Corporate Bond	₹14.98 Cr	1.14%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹14.92 Cr	1.14%
Hero MotoCorp Ltd	Equity	₹14.69 Cr	1.12%
Tata Motors Ltd	Equity	₹14.12 Cr	1.08%
Aurobindo Pharma Ltd	Equity	₹13.94 Cr	1.06%
SBI Life Insurance Co Ltd	Equity	₹13.83 Cr	1.05%
HDFC Bank Limited	Bond - Corporate Bond	₹13.75 Cr	1.05%
Tata Steel Ltd	Equity	₹13.6 Cr	1.04%
Tata Power Co Ltd	Equity	₹13.51 Cr	1.03%
Adani Ports & Special Economic Zone Ltd	Equity	₹13.43 Cr	1.02%
Sun Pharmaceuticals Industries Ltd	Equity	₹12.69 Cr	0.97%
National Bank For Financing Infrastructure And Development	Bond - Corporate Bond	₹12.38 Cr	0.94%
Cipla Ltd	Equity	₹11.79 Cr	0.90%
Shriram Finance Ltd	Equity	₹11.5 Cr	0.88%
Bajaj Finance Ltd	Equity	₹11.26 Cr	0.86%
Mahanagar Telephone Nigam Limited	Bond - Corporate Bond	₹10.87 Cr	0.83%
DLF Ltd	Equity	₹10.38 Cr	0.79%
7.26% Govt Stock 2033	Bond - Gov't/Treasury	₹10.29 Cr	0.78%
7.26% Govt Stock 2032	Bond - Gov't/Treasury	₹10.29 Cr	0.78%
Muthoot Finance Limited	Bond - Corporate Bond	₹10.02 Cr	0.76%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹10.01 Cr	0.76%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹10.01 Cr	0.76%
JSW Energy Ltd	Equity	₹9.94 Cr	0.76%
InterGlobe Aviation Ltd	Equity	₹9.08 Cr	0.69%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹8.99 Cr	0.68%
LTIMindtree Ltd	Equity	₹8.66 Cr	0.66%
IndusInd Bank Ltd	Equity	₹8.56 Cr	0.65%
Titan Co Ltd	Equity	₹8.34 Cr	0.64%
Bank of Baroda	Equity	₹8.24 Cr	0.63%
Bharat Electronics Ltd	Equity	₹8.14 Cr	0.62%
ABB India Ltd	Equity	₹8.1 Cr	0.62%
TD Power Systems Ltd	Equity	₹7.79 Cr	0.59%
Multi Commodity Exchange of India Ltd	Equity	₹7.69 Cr	0.59%
Bajaj Housing Finance Limited	Bond - Corporate Bond	₹7.54 Cr	0.57%
Hindustan Petroleum Corp Ltd	Equity	₹7.5 Cr	0.57%
HCL Technologies Ltd	Equity	₹7.44 Cr	0.57%
Brigade Enterprises Ltd	Equity	₹7.44 Cr	0.57%
Oil & Natural Gas Corp Ltd	Equity	₹7.39 Cr	0.56%
Sagility India Ltd	Equity	₹7.14 Cr	0.54%
Glenmark Pharmaceuticals Ltd	Equity	₹7.07 Cr	0.54%
ITC Ltd	Equity	₹6.95 Cr	0.53%
International Gemmological Institute (India) Ltd	Equity	₹6.88 Cr	0.52%
Hindustan Unilever Ltd	Equity	₹6.82 Cr	0.52%
Vedanta Ltd	Equity	₹6.75 Cr	0.51%
LIC Housing Finance Ltd	Equity	₹6.69 Cr	0.51%
Jio Financial Services Ltd	Equity	₹6.61 Cr	0.50%
Hindalco Industries Ltd	Equity	₹6.42 Cr	0.49%
Jindal Steel & Power Ltd	Equity	₹6.42 Cr	0.49%
Mphasis Ltd	Equity	₹6.07 Cr	0.46%
Zomato Ltd	Equity	₹5.94 Cr	0.45%
Havells India Ltd	Equity	₹5.75 Cr	0.44%
TVS Motor Co Ltd	Equity	₹5.73 Cr	0.44%
Zensar Technologies Ltd	Equity	₹5.48 Cr	0.42%
Century Plyboards (India) Ltd	Equity	₹5.45 Cr	0.42%
GAIL (India) Ltd	Equity	₹5.42 Cr	0.41%
Aditya Birla Capital Ltd	Equity	₹5.15 Cr	0.39%
Godrej Consumer Products Ltd	Equity	₹5.13 Cr	0.39%
Mahindra & Mahindra Financial Services Ltd	Bond - Corporate Bond	₹5.01 Cr	0.38%
Bajaj Housing Finance Limited	Bond - Corporate Bond	₹5.01 Cr	0.38%
HDFC Bank Limited	Bond - Corporate Bond	₹4.89 Cr	0.37%
OneSource Specialty Pharma Ltd	Equity	₹4.82 Cr	0.37%
Maruti Suzuki India Ltd	Equity	₹4.77 Cr	0.36%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹4.47 Cr	0.34%
Varun Beverages Ltd	Equity	₹4.45 Cr	0.34%
Craftsman Automation Ltd	Equity	₹4.33 Cr	0.33%
Syngene International Ltd	Equity	₹4.17 Cr	0.32%
TBO Tek Ltd	Equity	₹4.12 Cr	0.31%
Grasim Industries Ltd	Equity	₹4.06 Cr	0.31%
Schaeffler India Ltd	Equity	₹4.06 Cr	0.31%
Power Finance Corp Ltd	Equity	₹4.01 Cr	0.31%
Mahanagar Gas Ltd	Equity	₹3.96 Cr	0.30%
Go Digit General Insurance Ltd	Equity	₹3.93 Cr	0.30%
HDFC Asset Management Co Ltd	Equity	₹3.81 Cr	0.29%
Gujarat State Petronet Ltd	Equity	₹3.78 Cr	0.29%
Tech Mahindra Ltd	Equity	₹3.75 Cr	0.29%
JSW Steel Ltd	Equity	₹3.72 Cr	0.28%
Eicher Motors Ltd	Equity	₹3.69 Cr	0.28%
L&T Finance Ltd	Equity	₹3.66 Cr	0.28%
Indus Towers Ltd Ordinary Shares	Equity	₹3.61 Cr	0.27%
Arvind Ltd	Equity	₹3.57 Cr	0.27%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹3.49 Cr	0.27%
Adani Wilmar Ltd	Equity	₹3.45 Cr	0.26%
Lupin Ltd	Equity	₹3.21 Cr	0.24%
KFin Technologies Ltd	Equity	₹3.1 Cr	0.24%
Deepak Nitrite Ltd	Equity	₹3.03 Cr	0.23%
Zydus Lifesciences Ltd	Equity	₹3 Cr	0.23%
Krishna Institute of Medical Sciences Ltd	Equity	₹2.99 Cr	0.23%
Go Fashion (India) Ltd	Equity	₹2.98 Cr	0.23%
Bharat Petroleum Corp Ltd	Equity	₹2.85 Cr	0.22%
Apollo Hospitals Enterprise Ltd	Equity	₹2.56 Cr	0.20%
IIFL Finance Ltd	Equity	₹2.52 Cr	0.19%
Sai Life Sciences Ltd	Equity	₹2.39 Cr	0.18%
SRF Ltd	Equity	₹2.33 Cr	0.18%
Greenply Industries Ltd	Equity	₹2.18 Cr	0.17%
REC Ltd	Equity	₹2.16 Cr	0.16%
Delhivery Ltd	Equity	₹2.06 Cr	0.16%
Asian Paints Ltd	Equity	₹2.05 Cr	0.16%
Tata Communications Ltd	Equity	₹1.83 Cr	0.14%
ACC Ltd	Equity	₹1.8 Cr	0.14%
Dabur India Ltd	Equity	₹1.73 Cr	0.13%
United Spirits Ltd	Equity	₹1.44 Cr	0.11%
Crompton Greaves Consumer Electricals Ltd	Equity	₹1.36 Cr	0.10%
Mankind Pharma Ltd	Equity	₹1.31 Cr	0.10%
Sona BLW Precision Forgings Ltd	Equity	₹1.18 Cr	0.09%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹1.01 Cr	0.08%
Avenue Supermarts Ltd	Equity	₹1 Cr	0.08%
Prince Pipes And Fittings Ltd Ordinary Shares	Equity	₹0.96 Cr	0.07%
PI Industries Ltd	Equity	₹0.9 Cr	0.07%
Gateway Distriparks Ltd	Equity	₹0.23 Cr	0.02%
Siemens Ltd	Equity	₹0.14 Cr	0.01%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹267.34 Cr	20.36%
Technology	₹103.73 Cr	7.90%
Consumer Cyclical	₹100.14 Cr	7.63%
Industrials	₹91.15 Cr	6.94%
Basic Materials	₹78.98 Cr	6.02%
Healthcare	₹77.08 Cr	5.87%
Energy	₹66.81 Cr	5.09%
Utilities	₹54.69 Cr	4.17%
Consumer Defensive	₹30.96 Cr	2.36%
Communication Services	₹28.4 Cr	2.16%
Real Estate	₹17.82 Cr	1.36%

Risk & Performance Ratios

Fund Managers

Mahendra Jajoo

Since December 2018

Bharti Sawant

Since December 2020

Vrijesh Kasera

Since October 2019

Harshad Borawake

Since October 2019

Additional Scheme Detailsas of 28th February 2025

ISIN

INF769K01EK1

Expense Ratio

0.35%

Exit Load

1.00%

Fund Size

₹1,313 Cr

Age

6 years 3 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

NIFTY Equity Savings TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Equity Savings Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Kotak Equity Savings Fund Direct Growth Moderate Risk	0.7%	1.0%	₹7897.27 Cr	7.8%
Kotak Equity Savings Fund Regular Growth Moderate Risk	1.8%	1.0%	₹7897.27 Cr	6.6%
Edelweiss Equity Savings Fund Regular Growth Moderate Risk	1.6%	0.0%	₹568.54 Cr	9.7%
Edelweiss Equity Savings Fund Direct Growth Moderate Risk	0.6%	0.0%	₹568.54 Cr	10.8%
Baroda BNP Paribas Equity Savings Fund Regular Growth Moderately High risk	2.5%	1.0%	₹677.47 Cr	7.1%
Baroda BNP Paribas Equity Savings Fund Direct Growth Moderately High risk	1.3%	1.0%	₹677.47 Cr	8.4%
Tata Equity Savings Fund Regular Growth Low to Moderate Risk	1.1%	0.0%	₹249.88 Cr	9.3%
Bandhan Equity Savings Fund Regular Growth Low to Moderate Risk	1.1%	0.0%	₹254.67 Cr	6.9%
PGIM India Equity Savings Fund Regular Growth Low to Moderate Risk	1.3%	0.0%	₹68.41 Cr	6.5%
Sundaram Equity Savings Fund Regular Growth Moderate Risk	2.2%	0.0%	₹1032.94 Cr	9.0%

About the AMC

Mirae Asset India Mutual Fund

022-6780 0300

https://www.miraeassetmf.co.in/

Total AUM

₹1,90,161 Cr

Address

Unit No. 606, 6th Floor, Mumbai, 400 098

Other Funds by Mirae Asset India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹1799.77 Cr	14.0%
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.5%	1.0%	₹3642.65 Cr	8.2%
Mirae Asset Cash Management Direct Growth Low to Moderate Risk	0.1%	0.0%	₹12730.95 Cr	7.4%
Mirae Asset Emerging Bluechip Direct Growth Very High Risk	0.6%	1.0%	₹33677.94 Cr	7.4%
Mirae Asset Large Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹35532.55 Cr	10.8%
Mirae Asset Savings Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1199.97 Cr	8.1%
Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹2474.19 Cr	7.9%
Mirae Asset Focused Fund Direct Growth Very High Risk	0.6%	1.0%	₹7104.55 Cr	9.5%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹118.15 Cr	8.1%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹1869.44 Cr	39.7%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹8170.45 Cr	11.0%
Mirae Asset Equity Allocator Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹804.67 Cr	7.0%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹89.89 Cr	7.7%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹668.66 Cr	29.7%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹766.69 Cr	8.5%
Mirae Asset Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1588.44 Cr	7.9%
Mirae Asset Flexi Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹2324.26 Cr	9.9%
Mirae Asset Banking and Financial Services Fund Direct Growth Very High Risk	0.6%	1.0%	₹1681.43 Cr	17.0%
Mirae Asset Multicap Fund Direct Growth Very High Risk	0.5%	1.0%	₹3064.44 Cr	9.8%
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Very High Risk	0.6%	0.0%	₹96.97 Cr	9.1%
Mirae Asset Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹22411.17 Cr	10.7%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹71.26 Cr	8.8%
Mirae Asset Corporate Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹41.19 Cr	8.6%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹102.93 Cr	95.2%
Mirae Asset Equity Savings Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1312.96 Cr	10.4%
Mirae Asset Banking and PSU Debt Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹47.92 Cr	8.4%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Very High Risk	0.9%	1.0%	₹327.87 Cr	14.9%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Very High Risk	2.0%	1.0%	₹53.67 Cr	-0.5%
Mirae Asset Overnight Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1049.26 Cr	6.7%
Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹341.97 Cr	8.9%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹240.52 Cr	10.1%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹94.16 Cr	7.8%
Mirae Asset Healthcare Fund Direct Growth Very High Risk	0.5%	1.0%	₹2441.13 Cr	19.9%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.1%	0.0%	₹2969.67 Cr	7.9%
Mirae Asset Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹13830.67 Cr	6.4%
Mirae Asset Balanced Advantage Fund Direct Growth Moderately High risk	0.6%	1.0%	₹1695.72 Cr	10.4%

Risk Level

Your principal amount will be at Moderately High risk

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Still got questions?
We're here to help.

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

The NAV of Mirae Asset Equity Savings Fund Direct Growth, as of 27-Mar-2025, is ₹20.58.

What are the returns of Mirae Asset Equity Savings Fund Direct Growth?

The fund has generated 10.45% over the last 1 year and 11.17% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

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

The fund's allocation of assets is distributed as 69.85% in equities, 23.71% in bonds, and 6.44% in cash and cash equivalents.

Who manages the Mirae Asset Equity Savings Fund Direct Growth?

The fund managers responsible for Mirae Asset Equity Savings Fund Direct Growth are:-

Mahendra Jajoo
Bharti Sawant
Vrijesh Kasera
Harshad Borawake

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹1,313 Cr

Expense Ratio

0.35%

ISIN

INF769K01EK1

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

17 Dec 2018

Risk Level

Your principal amount will be at Moderately High risk