Fundalysisby DARKHORSESTOCKS

Scheme

Mirae Asset Equity Savings Fund

Holds 140 companies worth ₹1,294 Cr in Sept 2026.

  • Fund house

    MiraeThe fund house that runs this scheme.

  • AUM

    ₹1,994 CrMirae Asset Equity Savings Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 2.3% on Aug 2026, ₹2,041 Cr.

  • Largest holding

    ICICI BankICICI Bank is 3.3% of this scheme's NAV.

  • Fund manager

    Harshad BorawakeRuns it since 12 Oct 2019, as the fund house dates it. With Vrijesh Kasera (fund manager), Bharti Sawant (fund manager), Basant Bafna (fund manager).

Overview(31 Aug 2026)

Fund managers4

  1. Harshad BorawakeFund manager · Oct 2019 · 22y · MBA B.E.
  2. Vrijesh KaseraFund manager · Oct 2019 · 19y · CFA PGDM
  3. Bharti SawantFund manager · Dec 2020 · 19y · CFA B.Com
  4. Basant BafnaFund manager · Dec 2025 · 15y · CFA FRM CS MBA B.Com
  1. Mahendra JajooDec 2018 – Dec 2025

Key facts

Benchmark
Nifty Equity Savings Index
Risk
Moderately High
Expense
Regular 1.73% · Direct 0.73%
Exit load
1% within 90 days
Started
17 Dec 2018
Minimum
₹5,000

Source.Its Scheme Summary Document as of 31 Aug 2026 at AMFI.

What changed(18 changes)

Jul 2026

1 change
  1. Expense ratio
    29 JulRegular 1.38% → 1.73%Direct 0.4% → 0.73%

Mar 2026

1 change
  1. Expense ratio
    20 MarRegular 1.37% → 1.38%Direct 0.36% → 0.4%

Feb 2026

1 change
  1. Expense ratio
    23 FebRegular 1.36% → 1.37%Direct 0.34% → 0.36%

Source.Its filings at NSE, since Sept 2024.

Fund managers over time(Dec 2018 – now)

  1. Harshad Borawake
  2. Vrijesh Kasera
  3. Bharti Sawant
  4. Basant Bafna
  5. Mahendra Jajoo
MainCoSlice20192020202120222023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Sept 2024 – Aug 2026)

Every change to the expense ratio, newest first.
16 changesRegularDirectΔ pt
29 Jul 20261.73%0.73%0.33
20 Mar 20261.38%0.40%0.04
23 Feb 20261.37%0.36%0.02
29 Jan 20261.36%0.34%0.03
30 Nov 20251.36%0.37%0.01
22 Sept 20251.36%0.36%0.01
17 Jul 20251.36%0.37%0.03
24 Jun 20251.37%0.40%0.03
21 Apr 20251.36%0.37%0
19 Mar 20251.35%0.37%0.02
27 Feb 20251.35%0.35%0.04
17 Jan 20251.31%0.31%0.03
1 Jan 20251.32%0.34%0.02
19 Nov 20241.31%0.32%0.01
17 Oct 20241.32%0.33%0.01
2 Sept 20241.32%0.34%–
Direct plan, 29 Jul 2026
0.73%
Regular plan 1.73% · Exit load 1% within 90 days
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(31 Aug 2026)

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.

Risk, type and benchmark

Riskometer
Moderately High
At launch
Moderately High
Type
Equity Savings Fund - An open ended scheme investing in equity, arbitrage and debt
Benchmark
Nifty Equity Savings Index

Asset allocation it may hold% of NAV

  1. Indian Equities and Equity Related Securities
    Allowed65–90%
  2. (Medium to High) i)Net Long Equity Exposure (unhedged)
    Allowed15–40%
  3. (High) ii) Equities, equity related instruments and derivatives including index futures, stock futures, index options & stock options etc. as part of hedged / arbitrage exposure
    Allowed25–75%
  4. (Low to Medium) Debt and Money market instruments Units issued by InVITs and units of Domestic Mutual Funds
    Allowed0–10%
  5. Equities and Equity Related Instruments
    Allowed15–65%
  6. i) Net Long Equity Exposure (unhedged)
    Allowed10–40%
  7. ii) Equities, equity related instruments and derivatives including index futures, stock futures, index options & stock options etc. as part of hedged / arbitrage exposure
    Allowed0–55%
  8. Debt and Money market instruments
    Allowed35–85%Holds35.1%
  9. Units issued by InVITs and units of Domestic Mutual Funds
    Allowed0–10%

Holds in Sept 2026.64.9% equity · 35.1% debt and cash

How to invest(31 Aug 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
Most
Any Amount
Systematic
SIP - Monthly / Quarterly SWP - Monthly / Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly
Dates
SIP - Except 29,30 and 31 all dates SWP - 1, 10, 15, 21 and 28 STP - Daily, Weekly only Wednesday, Fortnightly - alternate Wednesday, Monthly
Minimum
₹500, then in multiples of ₹1
Instalments
5

Selling and switching

To redeem
₹1 or Any Units units
Switch minimum
₹5,000
Switch multiples
₹1
Switch most
Any Amount or Any Units units

Scheme details(31 Aug 2026)

What it is

Category
Equity Savings
Offer
26 Nov 2018 to 10 Dec 2018
Started
17 Dec 2018
Reopened
18 Dec 2018
Plans
Direct Plan Growth · Direct Plan IDCW - Payout · Direct PlanIDCW - Reinvestment · Regular PlanIDCW - Payout · Regular PlanIDCW - Reinvestment · Regular Plan Growth
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
Enabled.
Custodian
SBI – SG Securities Services Pvt. Ltd., Mumbai
Auditor
M/s. Chokshi & Chokshi, Chartered Accountant
Registrar
KFIN Technologies Limited
SEBI code
MIRA/O/H/ESF/18/05/0011