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Value Research Rated 5-Star Equity Saving Fund Is Good For SIP, Given 50.13% Returns
It is always good to create a well-diversified portfolio so that sharp movements in any one type of investment do not have a very large impact on the overall health of your portfolio. Getting the right mix of investments and determining the allocations can be a challenging task. This equity saving fund is a good investment that could help your portfolio to diversify and spread the risk.
Mirae Asset Equity Savings Fund - Direct Plan-Growth
This equity saving scheme was launched on 18th December 2018 by the Mirae Asset Mutual Funds. The fund's Direct Plan-Growth scheme has Rs 486.1 crore worth of assets under management. The NAV declared on 11th April 2022 is Rs 15.249. This is an open-ended medium-sized fund of its category. This fund possesses a moderately high risk for investments.
For units worth more than 15% of the investment, a 1% penalty will be levied if redeemed within one year. The plan uses equities and equity-related instruments, arbitrage possibilities, and investments in debt and money market instruments to deliver capital appreciation and income distribution to participants. To start investment in this fond, the minimum amount required is Rs 5000, for the SIP, the amount is Rs 1,000.
Absolute And Annualised Returns
Lump-Sum Investment Returns
In the last 1-year, the direct plan- growth scheme of the fund has given 12.29%. While, since its launch, it has delivered 13.56% average annual returns.
| Period Invested for | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 12.37% | 12.29% |
| 2 Year | 50.13% | 22.46% |
| 3 Year | 47.13% | 13.72% |
| Since Inception | 52.49% | 13.56% |
SIP Returns
| SIP Return | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 4.21% | 7.88% |
| 2 Year | 16.86% | 15.77% |
| 3 Year | 25.24% | 15.18% |
Portfolio
The fund invests 66.9 per cent of its assets in Indian stocks, with 43.12 per cent in large-cap stocks, 12.9 per cent in mid-cap stocks, and 2.05 per cent in small-cap equities. The fund has a debt investment of 18.39 per cent, with 17.38 per cent in government securities and 1.02 per cent in funds investing in extremely low-risk securities.
The fund's debt has a low credit grade, meaning that the borrowers to whom it has given money are not of high quality. The equity element of the fund is predominantly invested in the financial, healthcare, technology, services, and energy sectors. In comparison to other funds in the category, it has acquired less exposure in the financial and healthcare industries.
Government of India, Infosys Ltd., Reliance Industries Ltd., Reserve Bank of India, and Axis Bank Ltd. are the fund's top holdings.
Disclaimer
Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.
