Mirae Asset Equity Savings Fund
The fund remains heavily tilted toward financial stability, with banks commanding over 14% of the portfolio and a substantial sovereign debt buffer—positioning it defensively for moderate equity returns with downside protection. The manager's recent preference for rated corporate bonds over equities, evidenced by the sharp increase in TREPS weighting and new additions in power and metals, signals cautious conviction that credit quality beats growth in the current environment. The pruning of defensive plays like Coal India suggests a tactical rotation toward stability-focused financials and infrastructure rather than a sustained risk appetite.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹22.4080 | — | — | — | — |
| Regular Growth | ₹20.7600 | -0.30% | +3.93% | +10.23% | +9.36% |
| Direct IDCW | ₹13.4010 | — | — | — | — |
| Regular IDCW | ₹12.2880 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Supreme Industries Ltd. | 0.18% |
| Talwandi Sabo Power Ltd. A** | 0.09% |
| Malco Energy Ltd. A** | 0.09% |
| Vedanta Iron and Steel Ltd. A** | 0.09% |
| Vedanta Aluminium Metal Ltd. A** | 0.09% |
| Britannia Industries Ltd. | 0.05% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS | 4.19% |
| 2 | HDFC Bank Ltd. INE040A01034 | 4.19% |
| 3 | ICICI Bank Ltd. INE090A01021 | 2.84% |
| 4 | 7.88% Muthoot Finance Ltd. (MD 22/11/2028)** INE414G07JS2 | 2.57% |
| 5 | Reliance Industries Ltd. INE002A01018 | 2.31% |
| 6 | Bharti Airtel Ltd. INE397D01024 | 2.25% |
| 7 | State Bank of India INE062A01020 | 2.12% |
| 8 | 7.45% Torrent Pharmaceuticals Ltd. (MD 19/01/2028)** INE685A07132 | 2.07% |
| 9 | 7.60% Torrent Pharmaceuticals Ltd. (MD 19/01/2029) INE685A07157 | 2.06% |
| 10 | Net Receivables / (Payables) | 1.98% |
| 11 | Axis Bank Ltd. INE238A01034 | 1.73% |
| 12 | Larsen & Toubro Ltd. INE018A01030 | 1.66% |
| 13 | Mahindra & Mahindra Ltd. INE101A01026 | 1.46% |
| 14 | Tata Steel Ltd. INE081A01020 | 1.46% |
| 15 | 6.79% Government of India (MD 07/10/2034) IN0020240126 | 1.38% |
| 16 | 7.32% Government of India (MD 13/11/2030) IN0020230135 | 1.33% |
| 17 | 7.18% Government of India (MD 14/08/2033) IN0020230085 | 1.32% |
| 18 | 8.95% Bharti Telecom Ltd. (MD 04/12/2026)** INE403D08207 | 1.31% |
| 19 | 8.75% Piramal Finance Ltd. (MD 29/10/2027)** INE202B07JW4 | 1.31% |
| 20 | 7.45% Power Finance Corporation Ltd. (MD 15/07/2028) INE134E08NP7 | 1.30% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Mirae Asset Equity Savings Fund hold?
Mirae Asset Equity Savings Fund holds 157 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 14.16% of NAV.
What is the largest holding in Mirae Asset Equity Savings Fund?
The largest position in Mirae Asset Equity Savings Fund is TREPS, accounting for 4.19% of NAV.
Is Mirae Asset Equity Savings Fund a concentrated or diversified fund?
With a Gini coefficient of 0.490, Mirae Asset Equity Savings Fund is moderately concentrated. The HHI concentration index is 11,578 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 14.16% of the portfolio.
What is the market cap allocation of Mirae Asset Equity Savings Fund?
Based on SEBI's AMFI classification, Mirae Asset Equity Savings Fund's equity portfolio is split as: Large Cap: 46.64%, Mid Cap: 10.85%, Small Cap: 7.70%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mirae Asset Equity Savings Fund invest in most?
Mirae Asset Equity Savings Fund has the highest allocation to Banks (14.29%), Sovereign (8.68%), CRISIL AAA (6.07%). The fund is invested across 44 sectors in total.
How actively managed is Mirae Asset Equity Savings Fund compared to other Equity Savings funds?
Mirae Asset Equity Savings Fund has an Active Share of 51.51%, classifying it as "Active Stock Picker" among 23 Equity Savings peers. This indicates a moderate level of differentiation from category peers.
What changed in Mirae Asset Equity Savings Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mirae Asset Equity Savings Fund added 6 new stocks (including Supreme Industries Ltd.) and exited 9 stocks (including Coal India Ltd.). Total holding count decreased from 162 to 159 stocks.