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Mirae Asset Equity Savings Fund - Regular Plan - Growth has delivered CAGR and average rolling returns as follows :
1 Year | 3 Year | 5 Year | 9 Year | |
CAGR(%) | 9.32 | 10.85 | N/A | N/A |
Average Rolling Returns(%) | 12.22 | 12.59 | N/A | N/A |
The Current NAV of Mirae Asset Equity Savings Fund - Regular Plan - Growth is ₹16.66.
It is better to invest in a fund with a longer track record as Mirae Asset Equity Savings Fund - Regular Plan - Growth cannot be assessed for consistency of out-performance. Funds returns are more likely to be different than its benchmark I-BEX (I-Sec Sovereign Bond Index) returns, as Funds portfolio is significantly different.
Mirae Asset Equity Savings Fund - Regular Plan - Growth fund’s expense ratio is 1.36%
The process for redemption is
The AUM of Mirae Asset Equity Savings Fund - Regular Plan - Growth is currently ₹724 Crores.
The Top three stocks are HDFC Bank, ICICI Bank and Reliance Industries and account for 10% of its portfolio. Top 5 and 10 stocks of fund account for 14% and 23% of fund’s portfolio respectively.
Top three sectors of Mirae Asset Equity Savings Fund - Regular Plan - Growth fund are Others, BFSI and Miscellaneous accounting for 53% of the total portfolio.
Funds Portfolio Quality is Very Good. It has a large proportion of Green Stocks.Since this is a Hybrid - Equity Savings it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.
The category of Mirae Asset Equity Savings Fund - Regular Plan - Growth Fund is Hybrid - Equity Savings.
Harshad Borawake and Vrijesh Kasera manage the Mirae Asset Equity Savings Fund - Regular Plan - Growth Fund.
Mirae Asset Equity Savings Fund - Regular Plan - Growth current PE ratio is 31.37 and PB ratio is 5.51
The asset allocation of Mirae Asset Equity Savings Fund - Regular Plan - Growth is Stocks : 68.35%, Debt : 31.63% and Gold : 0%
The minimum SIP amount for Mirae Asset Equity Savings Fund - Regular Plan - Growth is ₹1000.00 and minimum lumpsum is ₹5000.00
The exit load for Mirae Asset Equity Savings Fund - Regular Plan - Growth is 1% on or before 1 year(365 days), Nil after 1 year(365 days)