HybridEquity SavingsDirectIDCWModerately High

Mirae Asset Equity Savings Fund

Q: What is the NAV of Mirae Asset Equity Savings Fund?

As of 05 Oct 2026, the NAV of Mirae Asset Equity Savings Fund is ₹13.63 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Mirae Asset Equity Savings Fund delivered?

Mirae Asset Equity Savings Fund has returned -4.20% over 1 year, +0.34% per year over 3 years, -0.31% per year over 5 years and +4.01% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Mirae Asset Equity Savings Fund?

Mirae Asset Equity Savings Fund charges an expense ratio of 0.73% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Mirae Asset Equity Savings Fund?

Mirae Asset Equity Savings Fund's largest holdings are ICICI Bank Ltd. (3.5%), HDFC Bank Ltd. (2.9%), 8.65% Muthoot Finance Ltd. (MD 31/01/2028) (2.5%), 7.88% Muthoot Finance Ltd. (MD 22/11/2028) (2.4%) and Reliance Industries Ltd. (2.3%). Holdings are disclosed monthly and change over time.

Q: How risky is Mirae Asset Equity Savings Fund?

Mirae Asset Equity Savings Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 10.0% and its worst peak-to-trough fall in our sample was -18.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.62 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Mirae Asset Equity Savings Fund's -0.62 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Mirae Asset Equity Savings Fund?

Mirae Asset Equity Savings Fund is benchmarked against the Nifty Equity Savings Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Mirae Asset Equity Savings Fund?

Mirae Asset Equity Savings Fund is managed by Harshad Borawake, Vrijesh Kasera, Bharti Sawant and Basant Bafna at Mirae Asset.

Q: How is Mirae Asset Equity Savings Fund taxed?

Mirae Asset Equity Savings Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Mirae Asset Mutual Fund · Best Equity Savings Mutual Funds

NAV

₹13.63

+0.24% 1D

as of 05 Oct 2026

This is the Direct plan of Mirae Asset Equity Savings Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns (+9.71% 3Y CAGR)

NAV history

-4.40%absolute

52-week rangePrev NAV ₹13.60

Latest ₹13.63

Low ₹12.8941st percentile of its 52-week rangeHigh ₹14.69

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Hybrid funds (same plan and option) to rank against yet.

Performance—

Not enough Equity Savings peers to rank yet

Risk—

Volatility 10.0% (no category average yet)

Cost—

0.7% expense (no category average yet)

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.73%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

20.83

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.62

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

I. For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switch-in/STP-in) on or before completion of 90 days from the date of allotment of units: Nil. b)Any redemption in excess of suchlimits in the first 90 days from the date ofallotment shall be subject to the followingexit load: (Redemption of units would bedone on First in First Out Basis (FIFO): - If redeemed within 90 days from the date of allotment: 1% -If redeemed after 90 days from the dateof allotment: NIL II.Other Redemptions: For Investors whohave not opted for SWP under the plan(including Switch out, STP out): -If redeemed within 90 days from the dateof allotment: 1% -If redeemed after 90 days from the dateof allotment: NIL

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Nifty Equity Savings Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

18 Dec 2018

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-1.27%

Absolute return over the last 3 months (not annualized)

-0.47%

Absolute return over the last 6 months (not annualized)

+5.01%

Absolute return since 1 Jan of this year (not annualized)

-6.85%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-4.20%

3-year annualized return (CAGR)

+0.34%

5-year annualized return (CAGR)

-0.31%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+4.01%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

9.97%

Excess return per unit of total volatility (rf = 6.5%)

-0.62

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.67

Largest peak-to-trough decline over full history

-18.18%

Benchmark ratios

Not shown for Equity Savings — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Equity Savings)

Period	Fund	Category avg.	Diff
1M abs	-1.27%	—	—
3M abs	-0.47%	—	—
6M abs	+5.01%	—	—
1Y CAGR	-4.20%	—	—
3Y CAGR	+0.34%	—	—
5Y CAGR	-0.31%	—	—

Category average across peers in Equity Savings, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹5.99L

Absolute

-0.24%

XIRR

-0.10%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Mirae Asset Equity Savings Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	-6.85%
2025	+1.06%
2024	+1.65%
2023	+5.67%
2022	-3.22%
2021	+7.74%
2020	+14.81%
2019	+12.21%
2018part	+0.04%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

1,921

Expense ratio

0.73%

AUM

₹1,936Cr

Portfolio turnover

433%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

20.8

P/B ratio

4.0

Avg market cap

₹3,87,073Cr

P/E & P/B are portfolio-weighted harmonic means across 122 of 141 equity holdings (62% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Equity Savings

Compare all


Mirae Asset Equity Savings FundThis fund Mirae Asset · Direct · IDCW	—	-4.20%	+0.34%	-0.31%	—	0.73%	₹1,936Cr
Edelweiss Equity Savings Fund Edelweiss · Direct · IDCW	—	+4.32%	+10.02%	+8.48%	—	1.14%	₹1,344Cr
Kotak Equity Savings Fund Kotak Mahindra · Direct · Monthly IDCW	—	+2.44%	+9.63%	+9.43%	—	1.07%	₹9,931Cr
Invesco India Equity Savings Fund Invesco · Direct · IDCW	—	-0.65%	+8.31%	+7.22%	—	1.51%	₹319.90Cr
UTI - Equity Savings Fund UTI · Direct · IDCW	—	+1.93%	+7.86%	+8.16%	—	1.04%	₹821.56Cr
UTI - Equity Savings Fund UTI · Direct · Quarterly IDCW	—	+1.93%	+7.86%	+8.16%	—	1.04%	₹821.56Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 99% of the equity sleeve priced.

Large cap69.2%
Mid cap19.8%
Small cap10.9%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity66.90%
Debt26.41%
Cash & Equivalents6.69%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Mirae Asset Balanced Advantage Fund Mirae Asset · Dynamic Asset Allocation or Balanced Advantage	77.8% of 69% equity	★★★★☆	0.98%	+9.83%
Mirae Asset Multi Asset Allocation Fund Mirae Asset · Multi Asset Allocation	75.9% of 67% equity	★★★★☆	0.64%	—
Mirae Asset Aggressive Hybrid Fund Mirae Asset · Aggressive Hybrid Fund	68.5% of 76% equity	★★★☆☆	0.63%	+10.53%
360 ONE MSCI India ETF 360 One · Other ETFs	61.8%	—	—	—
Nippon India ETF Nifty 100 Nippon India · Other ETFs	59.5%	—	0.51%	+7.29%
Parag Parikh Large Cap Fund PPFAS · Large Cap Fund	59.5%	—	0.32%	—
Axis Nifty 100 Index Fund Axis · Index Funds	59.5%	★★★★☆	0.26%	+7.57%
Bandhan Nifty 100 Index Fund Bandhan · Index Funds	59.5%	★★★★☆	0.18%	+7.65%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

2 holdings — 0.31% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Milky Mist Dairy Food LimitedLong-term · Stage IV0.31%
Turtlemint Fintech Solutions LimitedShort-term · Stage I0.00%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-18.2%20 Feb 2020 → 23 Mar 2020
Fell over 32 days, back to the old high on 23 Jul 2020 — 4 months under water after the low.
-14.9%17 Jan 2022 → 28 Mar 2023
Fell over 14 months, back to the old high on 27 Dec 2023 — 9 months under water after the low.
-12.3%02 Jan 2026 → 30 Mar 2026
Still below that high — 3 months down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹1,936Cr

April - June 2026

+3%

since January - March 2026

+₹67.28Cr

est. net flow, last quarter

At or near its largest, ₹1,936Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Mirae Asset Mutual Fund is the Indian arm of Mirae Asset, the South Korean manager, and has operated here since 2008. Its growth came largely from a small number of large equity schemes rather than a wide line-up.

Launched

29 Nov 2007

Total AUM

₹2,37,421Cr+5.5% QoQ

Avg AUM · July - September 2026

Website

miraeassetmf.co.in

Fund Managers

HBHarshad BorawakeManaging since 12 Oct 2019

Role

Head of Research and Fund Manager

Education

MBA (Finance), B.E. (Polymers)

Experience

Mr. Borawake has professional experience of more than 21 years and his primary responsibility Investment Managers (India) Private includes Investment Analysis & Research. Prior to this assignment, he was associated with Motilal Oswal Securities as Vice President (Research). He has also been associated with Cap metrics & Risk Solutions as Research Analyst Equity.

Funds managed (3)

All schemes Harshad Borawake runs →

VKVrijesh KaseraManaging since 12 Oct 2019

Role

Fund Manager

Total experience

17 Years

Education

MBA (Finance), CFA (ICFAI)

Experience

Mr. Kasera has professional experience of Mr. Tanmay Mehta has over 12 more than 17 years. His primary years of experience primarily into responsibility includes Investment equity Analysis & Research. Prior to this associated with the AMC since Jan assignment, he was associated with Axis Capital Ltd. as an Equity Research Analyst. worked across Institutional Equity He has also been associated with Edelweiss Research and Investment Banking Broking Ltd. Mr. Kasera has completed his Post has also cleared CFA (US). Graduation Diploma in Business Management from IILM and also he has done his Chartered Financial Analyst & Master of Science in Finance from ICFAI University.

Funds managed (2)

All schemes Vrijesh Kasera runs →

BSBharti SawantManaging since 28 Dec 2020

Role

Fund Manager

Education

(ICFAI Hyderabad), CFA, B. Com

Experience

Ms. Sawant has professional experience of more than 18 years and her primary responsibility includes Investment Analysis & Fund Management. She has been associated with the AMC as an Investment Analyst since September 3, 2013. She was previously associated with Sushil Finance Securities Pvt. Ltd., Latin Manharlal Securities Pvt. Ltd., Kabu Shares & Stocking Pvt. Ltd. for Financial Analysis and Research.

Funds managed (2)

All schemes Bharti Sawant runs →

BBBasant BafnaManaging since 27 Dec 2025

Role

Senior Fund Manager

Education

CFA, FRM, MBA (Finance), B Com (Hons), Certified Treasury Professional, Certified Associate of the Indian Institute of Bankers, Clearedall three levels of Company Secretary

Experience

Mr. Basant Bafna has over 14 years of experience in the banking industry. Prior to this assignment, Mr. Basant Bafna worked as Chief Dealer and Assistant General Manager with Export-Import Bank of India. The

Funds managed (3)

All schemes Basant Bafna runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Harshad Borawake Vrijesh Kasera Bharti Sawant Basant Bafna

Top holdings

ICICI Bank Ltd.HDFC Bank Ltd.Reliance Industries Ltd.Bharti Airtel Ltd.State Bank of India Axis Bank Ltd.Kotak Mahindra Bank Ltd.Titan Company Ltd.Mahindra & Mahindra Ltd.Tata Steel Ltd.Bajaj Finance Ltd.Larsen & Toubro Ltd.

Mirae Asset in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Equity Savings funds

Equity savings funds split money across equity, arbitrage and debt. The hedged portion lowers risk, so they sit between hybrid and debt funds on the risk ladder while keeping equity taxation.

Frequently asked questions

What is the NAV of Mirae Asset Equity Savings Fund?

As of 05 Oct 2026, the NAV of Mirae Asset Equity Savings Fund is ₹13.63 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Mirae Asset Equity Savings Fund delivered?

Mirae Asset Equity Savings Fund has returned -4.20% over 1 year, +0.34% per year over 3 years, -0.31% per year over 5 years and +4.01% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Mirae Asset Equity Savings Fund?

Mirae Asset Equity Savings Fund charges an expense ratio of 0.73% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Mirae Asset Equity Savings Fund?

Mirae Asset Equity Savings Fund's largest holdings are ICICI Bank Ltd. (3.5%), HDFC Bank Ltd. (2.9%), 8.65% Muthoot Finance Ltd. (MD 31/01/2028) (2.5%), 7.88% Muthoot Finance Ltd. (MD 22/11/2028) (2.4%) and Reliance Industries Ltd. (2.3%). Holdings are disclosed monthly and change over time.

How risky is Mirae Asset Equity Savings Fund?

Mirae Asset Equity Savings Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 10.0% and its worst peak-to-trough fall in our sample was -18.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -0.62 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Mirae Asset Equity Savings Fund's -0.62 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Mirae Asset Equity Savings Fund?

Mirae Asset Equity Savings Fund is benchmarked against the Nifty Equity Savings Index. Its alpha and beta on this page are measured against that index.

Who manages Mirae Asset Equity Savings Fund?

Mirae Asset Equity Savings Fund is managed by Harshad Borawake, Vrijesh Kasera, Bharti Sawant and Basant Bafna at Mirae Asset.

How is Mirae Asset Equity Savings Fund taxed?

Mirae Asset Equity Savings Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.