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  • Mirae Asset Investment Managers (India) Private Limited
  • Mirae Asset Equity Savings Fund (Dividend Payout - Annually)
Mirae Asset Equity Savings Fund (Dividend Payout - Annually)

Mirae Asset Equity Savings Fund (Dividend Payout - Annually)

HybridEquity Savings

13.215

NAV (Mar 05)

Scripbox Opinion

Neutral

Click here for top ranked funds in equity savings mutual funds.

However, Scripbox does not recommend investing in equity savings mutual funds.

Equity Savings funds are primarily equity funds with a small exposure of minimum 10% to debt instruments.

These funds are close to equity funds in terms of market linked fluctuations.It is better for investors to make the allocation to equity & debt themselves and choose the right funds in each asset class Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

Our analysis of this fundLearn how we rate funds ->

Track Record

3 Years. The fund has Insufficient history for analysis. We recommend funds with longer history.

Relative Size

169 Cr. Small within the category

Category View

Relatively Poor. The category has a relatively poor investment outlook

Consistency Of Performance

Poor. The historical performance of the fund has been poor

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    Historical growth rate of 12% per annum
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    Recommended Duration 1 - 5 years
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    No Lock-in
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Scheme Information

Investment Objective

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.

Low

Low to Moderate

Moderate

Moderately High

High

Very High

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Very High Risk

1.43 %

Expense Ratio

Dec 17, 2018

Launched (3y ago)

₹ 169

AUM in Crores

INF769K01EH7

ISIN

No Lock-in

Lock-in

Nifty Equity Savings Index TR

Benchmark

₹ 1,000

SIP Minimum

₹ 5,000

Lumpsum Min.

Fund Managers
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Bharti Sawant

Fund Manager

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Harshad Borawake

Fund Manager

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Mahendra Jajoo

Fund Manager

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Vrijesh Kasera

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 965,796 ₹ 233,18411.25%
EPF70% ₹ 900,761 ₹ 168,1498.50%
Property70% ₹ 867,662 ₹ 135,0507.00%
PPF70% ₹ 869,819 ₹ 137,2077.10%
Bank FD70% ₹ 846,471 ₹ 113,8596.00%
Gold70% ₹ 846,471 ₹ 113,8596.00%
Savings Bank70% ₹ 825,950 ₹ 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

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Build Long Term Wealth

Invest in a scientifically curated set of equity mutual funds which are best aligned towards achieving any long term objectives you have.

  • Inflation beating returns
    Inflation beating returns
  • Expert Investing Only
    Expert Investing Only
  • One click investing  tracking
    One click investing tracking
comparison

Comparison with Hybrid Funds

Aditya Birla Sun Life Equity Hybrid 95 Fund (G)

Aditya Birla Sun Life Equity Hybrid 95 Fund (G)

Aggressive Hybrid

26 Years

Age

5

Track Record

ICICI Prudential Equity & Debt Fund (G)

ICICI Prudential Equity & Debt Fund (G)

Aggressive Hybrid

22 Years

Age

5

Track Record

ICICI Prudential Savings Fund (G)

ICICI Prudential Savings Fund (G)

Conservative Hybrid

17 Years

Age

5

Track Record

HDFC Hybrid Debt fund (G)

HDFC Hybrid Debt fund (G)

Conservative Hybrid

18 Years

Age

5

Track Record

HDFC Multi Asset fund (G)

HDFC Multi Asset fund (G)

Multi Asset Allocation

16 Years

Age

5

Track Record

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About the AMC

Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset Investment Managers (India) Private Limited manages assets worth 63,733 crores and was set up on 20 November 2006. It's current offering of mutual fund schemes includes 23 equity,33 debt and 9 hybrid funds.

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  • tel-amc-about
    022-67800300
  • mail-amc-about
    customercare@miraeasset.com
  • Mirae Asset Tax Saver Fund (G)

    Mirae Asset Tax Saver Fund (G)

    Tax Saving

    Recommended

    Top Ranked

    ₹ 5,647 Cr

    Fund Size

    16.9%

    3Y returns

    Mirae Asset Large Cap Fund (G)

    Mirae Asset Large Cap Fund (G)

    Large Cap

    Recommended

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    ₹ 21,745 Cr

    Fund Size

    13%

    3Y returns

    Mirae Asset Tax Saver Fund (DP-A)

    Mirae Asset Tax Saver Fund (DP-A)

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    Top Ranked

    ₹ 5,647 Cr

    Fund Size

    16.4%

    3Y returns

    Mirae Asset Large Cap Fund (DP-A)

    Mirae Asset Large Cap Fund (DP-A)

    Large Cap

    Top Ranked

    ₹ 21,745 Cr

    Fund Size

    11.9%

    3Y returns

    Mirae Asset Large Cap Fund (DR-A)

    Mirae Asset Large Cap Fund (DR-A)

    Large Cap

    Top Ranked

    ₹ 21,745 Cr

    Fund Size

    11.9%

    3Y returns

    growth

    Build Long Term Wealth

    Invest in a scientifically curated set of equity mutual funds which are best aligned towards achieving any long term objectives you have.

    • graph-icon-gray
      Historical growth rate of 12% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Kotak Standard Multicap fund (Growth)

    Kotak Standard Multicap fund (Growth)

    Equity

    Diversified

    Mirae Asset Large Cap Fund (Growth)

    Mirae Asset Large Cap Fund (Growth)

    Equity

    Large Cap

    Axis Bluechip Fund (Growth)

    Axis Bluechip Fund (Growth)

    Equity

    Large Cap

    Invesco India Growth Opportunities Fund (Growth)

    Invesco India Growth Opportunities Fund (Growth)

    Equity

    Diversified

    How does Scripbox rate funds?

    Proprietary system to rate mutual funds

    We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

    What Scripbox recommendations mean?
    Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Relative Size

    Relative Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Category View

    Category View

    We check if the sub-category of the fund is recommended by us.

    Consistency Of Performance

    Consistency Of Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Relative Size

    Relative Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Impact of Interest Rates

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Quality Of Fund’s Portfolio

    Credit Quality Of Fund’s Portfolio

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Equity Funds

    Debt Funds

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    About Mirae Asset Equity Savings Fund (DP-A)

    About Mirae Asset Equity Savings Fund (DP-A)

    Mirae Asset Equity Savings Fund (DP-A) is a equity savings hybrid fund and has delivered an annualised return of 13.4% over a period of 3 years ..The fund is managed by Mirae Asset Investment Managers (India) Private Limited.The fund managers are Bharti Sawant, Harshad Borawake, Mahendra Jajoo, Vrijesh Kasera

    Mirae Asset Equity Savings Fund (DP-A) Investment Objective

    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. However, there is no assurance that the objective of the scheme will be realized.

    Mirae Asset Equity Savings Fund (DP-A) NAV,AUM,Risk

    The Mirae Asset Equity Savings Fund (DP-A) fund was launched on Dec 17, 2018. The NAV (Net Asset Value) of this equity savings hybrid as of 2021-03-05 is ₹ 13.215. The total AUM (Asset Under Management) of the fund as of 2021-03-08 is ₹ 168.737. The category risk of the Mirae Asset Equity Savings Fund (DP-A) fund is Very High Risk. The fund charges 1.43 % as expense ratio.

    Mirae Asset Equity Savings Fund (DP-A) Holdings

    The fund’s highest allocation is towards others and has invested 48.3% in this asset class. The top three holdings of the fund are 6.18% govt stock 2024,muthoot finance limited and icici bank ltd

    Mirae Asset Equity Savings Fund (DP-A) SIP

    The minimum SIP (Systematic Investment Plan) amount for this is ₹ 1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.

    Mirae Asset Equity Savings Fund (DP-A) Investment volatility and Horizon

    This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to Nifty Equity Savings Index TR

    Mirae Asset Equity Savings Fund (DP-A) Review

    Mirae Asset Equity Savings Fund (DP-A) has a score of 2 on a scale of 5. The fund scores 1 out of 5 based on historical performance. As compared to the other funds in its category, Mirae Asset Equity Savings Fund (DP-A) has a score of 2 out of 5. Scipbox has rated this fund 2 out of 5 based on consistency of performance over various years / tenures.

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