Holdings (32)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 25.63098233% |
| ICICI Bank Ltd. | Financial | Equity | 16.53005925% |
| Axis Bank Ltd. | Financial | Equity | 7.91088592% |
| State Bank of India | Financial | Equity | 7.66350688% |
| Bajaj Finance Ltd. | Financial | Equity | 3.38181625% |
| SBI Life Insurance Company Ltd. | Insurance | Equity | 2.80307722% |
| Aditya Birla Capital Ltd. | Financial | Equity | 2.57933649% |
| DCB Bank Ltd. | Financial | Equity | 2.40038663% |
| Multi Commodity Exchange Of India Ltd. | Services | Equity | 2.36215161% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 2.35526403% |
Returns and rankings
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund Returns | 11.15% | 20.11% | NA% | 81.45% |
| Category Average | 7.52% | 17.35% | 22.92% | NA% |
| Rank Within Category | 12.00% | 6.00% | NA% | NA% |
Expense ratio, exit load and tax
Expense ratio: 0.59%
Inclusive of GST
Exit load
Exit load of 1% if redeemed within one year.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Fund management
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.