Mirae Asset Equity Savings Fund - Regular Plan - Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Delivered positive returns in 100% of 3-year investment horizons.
- Favorable risk-adjusted return profile with a Sharpe ratio of 0.61.
- Cost-efficient: expense ratio of 1.72% is lower than category median (2.19%).
- Consistently ranked #3 in its category with an MFIQ quantitative score of 6.6/10.
- Equities carry market risk; returns fluctuate and recommended investment horizon is 5+ years.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +4.04% | +2.96% | +1.08% |
| 3 Months | +2.06% | +1.17% | +0.89% |
| 6 Months | +5.08% | +3.88% | +1.20% |
| 1 Year | +5.38% | +4.14% | +1.24% |
| 3 Years CAGR | +9.92% | +8.21% | +1.71% |
| 5 Years CAGR | +8.19% | +7.26% | +0.93% |
| 7 Years CAGR | +10.39% | +8.53% | +1.86% |
| Since Inception | +10.36% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in Mirae Asset Equity Savings Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +4.38% | +3.40% | +0.98% |
| 2025 | +8.69% | +6.70% | +1.99% |
| 2024 | +11.39% | +11.07% | +0.32% |
| 2023 | +13.98% | +14.27% | -0.29% |
| 2022 | +3.68% | +2.49% | +1.19% |
| 2021 | +15.71% | +12.79% | +2.92% |
| 2020 | +13.69% | +11.09% | +2.60% |
| 2019 | +10.87% | +7.85% | +3.02% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -10.22% | +10.92% | +9.80% | +42.97% | 96.5% | - |
| 3-Year Rolling | +8.33% | +11.21% | +10.94% | +17.46% | 100.0% | - |
| 5-Year Rolling | +7.22% | +11.27% | +11.63% | +15.90% | 100.0% | - |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2020-02-20 | 2020-03-23 | -18.2% | 1 months | 4 months |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Indian Equities and Equity Related Securities - 65% to 90% (Medium to High) i)Net Long Equity Exposure (unhedged)- 15% to 40% (High) ii) Equities, equity related instruments and derivatives including index futures, stock futures, index options & stock options etc. as part of hedged / arbitrage exposure ** - 25% to 75% (Low to Medium) Debt and Money market instruments Units issued by InVITs and units of Domestic Mutual Funds - 0% to 10% (Low to Medium) In defensive circumstances the asset allocation will be as per the below table: Equities and Equity Related Instruments: 15% to 65% i) Net Long Equity Exposure (unhedged)* | 10%- 40% ii) Equities, equity related instruments and derivatives including index futures, stock futures, index options & stock options etc. as part of hedged / arbitrage exposure - 0% to 55% Debt and Money market instruments : 35% to 85% Units issued by InVITs and units of Domestic Mutual Funds : 0% to 10% ^The scheme may invest in the units of Overnight Fund, Money Market Fund & Liquid Fund (including Liquid ETFs) of Domestic Mutual Fund. |
Investment Objective & Strategy
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.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 2,043 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable relative to Equity Savings schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Equity Savings Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| HSBC Equity Savings Fund | 7.0 | +12.36% | 2.37% | - | Rs 1,676 cr | Compare → |
| DSP Equity Savings Fund | 4.8 | +8.24% | 1.96% | - | Rs 3,068 cr | Compare → |
| Edelweiss Equity Savings Fund | 7.2 | +10.38% | 2.10% | - | Rs 1,816 cr | Compare → |
| Aditya Birla Sun Life Equity Savings Fund | 4.5 | +7.88% | 1.68% | - | Rs 1,155 cr | Compare → |
| Kotak Equity Savings Fund | 6.3 | +9.02% | 2.12% | - | Rs 10,417 cr | Compare → |
Frequently Asked Questions about Mirae Asset Equity Savings Fund
What is the expense ratio of Mirae Asset Equity Savings Fund?
Mirae Asset Equity Savings Fund has a total expense ratio (TER) of 1.72% with a base expense ratio of 1.16%, compared to the Equity Savings category median of 2.19%.
Who manages Mirae Asset Equity Savings Fund?
Mirae Asset Equity Savings Fund is managed by Harshad Borawake (tenure: 7.1 years since 2019-10-12).
What are the historical returns of Mirae Asset Equity Savings Fund?
Mirae Asset Equity Savings Fund delivered a 3-year CAGR of 9.92% and a 5-year CAGR of 8.19%. Its 1-year return stands at +5.38%.
How large is Mirae Asset Equity Savings Fund?
Mirae Asset Equity Savings Fund manages assets of Rs 2,043 cr, placing it in the 'comfortable' size band relative to Equity Savings peers.
How is Mirae Asset Equity Savings Fund scored on MFIQ?
Mirae Asset Equity Savings Fund holds an MFIQ Score of 6.6/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Mirae Asset Equity Savings Fund?
Mirae Asset Equity Savings Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 5.77% with a maximum historical drawdown of -18.25%.