Mirae Asset Equity Savings Fund
Mirae Asset Mutual Fund · Equity Savings · Direct plan, growth option
NAV (₹), 1 Oct 2026
22.7430
1-day change
-0.35%
1Y return
4.1%
3Y CAGR
9.6%
5Y CAGR
8.8%
Max drawdown, 5Y
−6.9%
NAV history month-end NAV, ₹ · 18 Dec 2018 to 1 Oct 2026
Returns vs Equity Savings median (24 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -1.7% | -1.7% |
| 3 months | -0.3% | -0.3% |
| 6 months | 4.7% | 3.6% |
| Year to date | 1.0% | 0.8% |
| 1 year | 4.1% | 2.8% |
| 3 years (CAGR) | 9.6% | 8.1% |
| 5 years (CAGR) | 8.8% | 7.4% |
| 7 years (CAGR) | 11.4% | 9.1% |
| 10 years (CAGR) | n/a | 8.2% |
| Since first NAV (CAGR) | 11.1% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 11.0% | 8.8% |
| 3Y rolling median | 12.1% | 10.0% |
| 3Y rolling worst | 9.4% | 2.6% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 12.8% | 9.8% |
| 5Y rolling worst | 8.8% | 6.6% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 6.4% | 5.2% |
| Sharpe ratio | 0.53 | 0.30 |
| Sortino ratio | 0.79 | 0.43 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −18.2% | −16.4% |
| Maximum drawdown, last 10Y | n/a | −17.7% |
| Maximum drawdown, last 5Y | −6.9% | −5.9% |
| Current drawdown | −2.0% | −2.0% |
| Recovery time of worst fall | 122 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.73% a year and the Direct plan's 0.73%, a gap of 1.00%; over the last 3 years the Direct plan returned 1.08 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹23,71,763.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Harshad Borawake | Primary | 12 Oct 2019 |
| Vrijesh Kasera | Primary | 12 Oct 2019 |
| Bharti Sawant | Primary | 28 Dec 2020 |
| Basant Bafna | Primary | 27 Dec 2025 |
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.
Stated asset allocation: 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…
Benchmark (tier 1): Nifty Equity Savings Index
Exit load: 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 S…
Minimum application: ₹5,000
Allotment date: 17 Dec 2018
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.73% | 1.23% |
| AUM, whole scheme (₹ crore) | 1,994 | 774 |
| Riskometer | Moderately High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 4.8% | 1.5% TRI |
| Return, 3 years (AMFI) | 9.7% | 7.1% TRI |
| Return, 5 years (AMFI) | 8.8% | 6.6% TRI |
| Month-ends above category median (3Y CAGR) | 100% | 49% median |
| Month-ends in category top quartile (3Y) | 88% | 26% median |
Official benchmark: Nifty Equity Savings Index (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Equity Savings Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 1.0% | n/a | – |
| 2025 | 9.8% | n/a | – |
| 2024 | 12.5% | n/a | – |
| 2023 | 15.1% | n/a | – |
| 2022 | 4.7% | n/a | – |
| 2021 | 16.9% | n/a | – |
| 2020 | 14.8% | n/a | – |
| 2019 | 12.3% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,21,568 | 2.4% |
| 3 years | ₹3,60,000 | ₹3,98,327 | 6.7% |
| 5 years | ₹6,00,000 | ₹7,48,879 | 8.8% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Equity Savings
Plan / option: Direct · Growth
AMFI scheme code: 145693
ISIN: INF769K01EK1
First NAV in MFIC data: 18 Dec 2018
History: 7.8 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Mirae Asset Balanced Advantage Fund | Balanced Advantage | 1.00 | 9.6% |
| Mirae Asset Aggressive Hybrid Fund | Aggressive Hybrid | 0.99 | 10.3% |
| Canara Robeco Balanced Advantage Fund | Balanced Advantage | 0.98 | n/a |
| Canara Robeco Aggressive Hybrid Fund | Aggressive Hybrid | 0.98 | 9.8% |
| Union Aggressive Hybrid Fund | Aggressive Hybrid | 0.97 | 9.7% |
| Aditya Birla Sun Life Balanced Advantage Fund | Balanced Advantage | 0.97 | 10.9% |
Questions about Mirae Asset Equity Savings Fund
- What is the latest NAV of Mirae Asset Equity Savings Fund?
- The NAV of the Direct plan (growth option) was ₹22.7430 on 1 Oct 2026, as published by AMFI.
- Which category is Mirae Asset Equity Savings Fund in?
- It is classified as Equity Savings in AMFI's daily NAV file. MFIC compares it with 24 Equity Savings schemes (Direct plans).
- What returns has Mirae Asset Equity Savings Fund delivered?
- Over one year the NAV changed by 4.1%. The 3-year CAGR is 9.6% (category median 8.1%) and the 5-year CAGR is 8.8% (category median 7.4%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 12.1%, the lowest was 9.4%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in Mirae Asset Equity Savings Fund's NAV?
- The largest peak-to-trough fall in its available history was 18.2%; within the last five years it was 6.9% (category median 5.9%).
- How volatile is Mirae Asset Equity Savings Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 6.4%, which is above the Equity Savings category median of 5.2%.
- What would a monthly SIP in Mirae Asset Equity Savings Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,48,879 on 1 Oct 2026, an annualised return (XIRR) of 8.8%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Mirae Asset Equity Savings Fund?
- The total expense ratio of the Direct plan is 0.73% a year, as disclosed to AMFI (median of Equity Savings Direct plans: 1.23%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Mirae Asset Equity Savings Fund?
- Assets under management of the whole scheme were ₹1,994 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Mirae Asset Equity Savings Fund?
- AMFI lists the scheme's riskometer as “Moderately High”, and its benchmark's as “Moderate”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Mirae Asset Equity Savings Fund and how has it compared?
- Its official benchmark is the Nifty Equity Savings Index. Over 3 years AMFI reports a return of 9.7% for this plan against 7.1% for the benchmark total return index; over 5 years 8.8% against 6.6%. Past performance does not indicate future results.
- How often has Mirae Asset Equity Savings Fund beaten its category?
- At 100% of the 58 month-ends compared over the last 10 years, its 3-year return was above the median of Equity Savings schemes (Direct plans); it was in the top quarter at 88% of them. A typical scheme would show about 50%.
- Who manages Mirae Asset Equity Savings Fund?
- According to its Scheme Summary Document, Mirae Asset Equity Savings Fund is managed by Harshad Borawake (since 12 Oct 2019), Vrijesh Kasera (since 12 Oct 2019), Bharti Sawant (since 28 Dec 2020), Basant Bafna (since 27 Dec 2025).
- What is the exit load of Mirae Asset Equity Savings Fund?
- As stated in its scheme documents: 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 S… Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Mirae Asset Equity Savings Fund?
- The minimum application amount is ₹5,000. SIP details: 500.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 4.1% and the Regular plan's by 3.1%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
Integrato's team can walk you through how your current schemes have behaved, using the same data shown here. Integrato is an AMFI-registered Mutual Fund Distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.