Mirae Asset Equity Savings Fund Direct Growth
NAV as on 11-04-2025
₹ 20.35
▲0.9%
1D
Inception Returns
11.9%
/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 Mahendra Jajoo, Vrijesh Kasera, Bharti Sawant, Harshad Borawake. This fund gives you the benefit of diversification.
Key Parameters
- Mirae Asset Equity Savings Fund Direct Growth has ₹1360 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
Mirae Asset Equity Savings Fund Direct Growth has given a CAGR return of 11.91% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.40%, 10.10% and 14.91% respectively.
Holdings
Mirae Asset Equity Savings Fund Direct Growth has allocated its funds majorly in Government, Corporate, Financial Services, Cash Equivalent, Tech, Consumer Cyclical, Industrial, Basic Materials, Health, 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains 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.
Mirae Asset Equity Savings Fund Direct Growth Overview
| Expense ratio | 0.35% |
Benchmark | NIFTY Equity Savings TR INR |
| AUM | ₹1360 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 |
INDmoney Rank for Mirae Asset Equity Savings Fund Direct Growth
Trailing Returns
as on (11-Apr-25)
Fund Distribution
as on (31-Mar-25)
- AUM of the fund stands at 1.3K Cr as of Feb'25
- AUM decreased by 57.8 Cr between Feb'25 and Jan'25
Top 3 Sectors in February were Financial Services, Government & Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 4.4% | 0% | |
 Tata Consultancy Services Ltd | 3.72% | 2.5% | |
 ICICI Bank Ltd | 2.87% | 0% | |
 Reliance Industries Ltd | 2.2% | 25.9% | |
 Axis Bank Ltd | 1.9% | 0% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Mirae Asset Equity Savings Fund Direct Growth | 7.4% | 10.1% | 14.91% | 11.91% |
 DSP Equity Savings Fund Direct Plan Growth | 10.4% | 10.21% | 14.3% | 10.02% |
 Sundaram Equity Savings - Direct Plan - Growth Option | 8.25% | 11.42% | 16.28% | 9.94% |
 ICICI Prudential Equity Savings Fund Direct Growth | 7.55% | 8.4% | 11.3% | 8.54% |
Mutual Fund Insights
Mirae Asset Equity Savings Fund Direct Growth Highlights
Moderately High risk
About the fund
Fund Allocations
AUM size ₹1360 Cr
Expense Ratio 0.35%
More funds from Mirae
3Y CAGR
▲ 11.53
5Y CAGR
▲ 19.57
3Y CAGR
▲ 7.39
1Y CAGR
▲ 6.51
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 | 1.78% | 1.78% |
6 Month Returns | -1.15% | -1.15% |
1 Year Returns | 7.4% | 7.4% |
3 Years Returns | 33.46% | 10.1% |
- 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 | 96.67 |
AA | 3.33 |
Mutual Fund execution provided by
INDstocks Private Limited (Formerly known as INDmoney Private Limited) is a SEBI registered Stock Broker and mutual funds distributor. SEBI Registration No. INZ000305337, Trading and Clearing Member of NSE (90267, M70042) and BSE, BSE StarMF (6779), AMFI Registration No: ARN-254564.
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.