Mirae Asset Equity Savings Fund Direct Growth
Hybrid
Direct
Equity Savings
NAV as on 24-01-2025
₹ 20.25
▲0.4%
1D
Inception Returns
12.3%
/yr
About Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 17 December, 2018. The fund is managed by Vrijesh Kasera, Bharti Sawant, Mahendra Jajoo, Harshad Borawake. This fund gives you the benefit of diversification.
Key Parameters
- Mirae Asset Equity Savings Fund Direct Growth has ₹1361 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
Mirae Asset Equity Savings Fund Direct Growth has given a CAGR return of 12.32% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.54%, 10.11% and 12.33% respectively.
Holdings
Mirae Asset Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Corporate, Tech, Consumer Cyclical, Industrial, Health, Basic Materials, Energy, Utilities, Consumer Defensive, Communication, Real Estate.
Taxation
As it is a equity savings mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of Mirae Asset Equity Savings Fund Direct Growth
The investment objective of the scheme is 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. The Scheme does not assure or guarantee any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Equity Savings Fund Direct Growth has no lock in period.
Historical NAV & Returns
INDmoney Rank for Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Equity Savings Fund Direct Growth Overview
| Expense ratio | 0.34% |
Benchmark | NIFTY Equity Savings TR INR |
| AUM | ₹1361 Cr |
| Inception Date | 17 December, 2018 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 250.37% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Moderately High risk |
Trailing Returns
as on (24-Jan-25)
Fund Distribution
as on (30-Nov-24)
- AUM of the fund stands at 1.4K Cr as of Dec'24
- AUM decreased by 13.5 Cr between Dec'24 and Nov'24
Top 3 Sectors in December were Financial Services, Government & Corporate
Mutual Fund Insights
Mirae Asset Equity Savings Fund Direct Growth Highlights
Moderately High risk
About the fund
Fund Allocations
AUM size ₹1361 Cr
Expense Ratio 0.34%
Frequently Asked Questions for Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.83% | -0.83% |
6 Month Returns | 1.45% | 1.45% |
1 Year Returns | 11.54% | 11.54% |
3 Years Returns | 33.5% | 10.11% |
5 Years Returns | 78.81% | 12.33% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 94.15 |
AA | 5.85 |