Holdings (169)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 5.5457915% |
| GOI | Sovereign | GOI Sec | 4.008835% |
| Power Finance Corporation Ltd. | Financial | Debenture | 3.27777693% |
| ICICI Bank Ltd. | Financial | Equity | 2.98016298% |
| National Bank For Agriculture & Rural Development | Financial | Bonds | 2.75757278% |
| Bharti Airtel Ltd. | Communication | Equity | 2.45667419% |
| State Bank of India | Financial | Equity | 2.42113095% |
| Reliance Industries Ltd. | Energy | Equity | 2.32272634% |
| Infosys Ltd. | Technology | Equity | 1.96192202% |
| GOI | Sovereign | GOI Sec | 1.95770969% |
Returns and rankings
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund Returns | 8.96% | NA% | NA% | NA% |
| Category Average | 5.42% | 14.13% | 14.23% | NA% |
| Rank Within Category | 10.00% | NA% | NA% | NA% |
Expense ratio, exit load and tax
Expense ratio: 0.68%
Inclusive of GST
Exit load
Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 180 Days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Fund management
Education
Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
Experience
Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.
Managed Schemes
Mirae Asset Aggressive Hybrid Fund Direct Growth
Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Fixed Maturity Plan Series III 1122 Days Direct Growth
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth
Mirae Asset Balanced Advantage Fund Direct Growth
Education
Mr. Borawake is MBA(Finance) & B.E.(Polymers)
Experience
Prior to joining Mirae Asset Mutual Fund, he has worked with Motilal Oswal Securities Ltd. as Vice President and Capmetrics & Risk Solutions Private Ltd. as Research Analyst - Equity.