Mirae Asset Equity Savings Fund vs SBI Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
Mirae Asset Equity Savings Fund and SBI Equity Savings Fund are both Equity Savings funds. In the 3 years to 30-10-2026, Mirae Asset Equity Savings Fund (Direct) returned 10.0% a year and SBI Equity Savings Fund (Direct) returned 7.9% a year. Mirae Asset Equity Savings Fund charges 0.73% a year and SBI Equity Savings Fund 1.46% (Direct plans). Their portfolios overlap 29.3%: they hold 57 of the same securities.
Mirae Asset Equity Savings Fund
Equity Savings
- 3 year return
- 10.0%
- Expense ratio
- 0.73%
- NAV
- ₹22.84
SBI Equity Savings Fund
Equity Savings
- 3 year return
- 7.9%
- Expense ratio
- 1.46%
- NAV
- ₹27.27
Which is better, Mirae Asset Equity Savings or SBI Equity Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Mirae Asset Equity Savings returned more over 5 years: 8.7% a year against 8.0%.
- Mirae Asset Equity Savings returned more over 3 years: 10.0% a year against 7.9%.
- Mirae Asset Equity Savings costs less: 0.73% a year against 1.46% (Direct plans).
- SBI Equity Savings swung less over 3 years: a standard deviation of 4.8% a year against 5.7%.
- Mirae Asset Equity Savings fell less in its worst fall since 18-12-2018: −18.2% against −19.5%.
- SBI Equity Savings holds more in large companies: 57.1% of the fund in large caps against 45.1%.
- SBI Equity Savings is the larger fund: ₹5,413 Cr against ₹1,994 Cr.
- Their portfolios overlap 29.3%: 57 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Mirae Asset Equity Savings Fund | SBI Equity Savings Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | SBI Mutual Fund |
| Category | Equity Savings | Equity Savings |
| AUM | ₹1,994 Cr (30-09-2026) | ₹5,413 Cr (30-09-2026) |
| NAV | ₹22.84 (Direct) | ₹27.27 (Direct) |
| Expense ratio (Direct) | 0.73% | 1.46% |
| Expense ratio (Regular) | 1.73% | 2.00% |
| Riskometer | Moderately High | Moderate |
| Benchmark | Nifty Equity Savings Index | Nifty Equity Savings Index |
| Launch date | 17-12-2018 | 27-05-2015 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Harshad Borawake, Vrijesh Kasera, Bharti Sawant, Basant Bafna | Neeraj Kumar - Arbitrage, Mansi Sajeja, Nidhi Chawla, Vandna Soni |
| Exit load | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 90 Days. | Exit load of 0.10% if redeemed within 15 days. |
Mirae Asset Equity Savings vs SBI Equity Savings: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Mirae Asset Equity Savings Fund (Direct) | +0.07% | −0.57% | +1.77% | +2.60% | +9.98% | +8.69% | -- |
| SBI Equity Savings Fund (Direct) | +0.07% | −0.47% | +1.05% | +1.43% | +7.91% | +7.95% | +8.92% |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | +8.43% |
Category average: the average of the 23 Equity Savings funds, same plan type.
Mirae Asset Equity Savings vs SBI Equity Savings: Year-wise Returns
| Year | Mirae AssetMirae Asset Equity Savings | SBISBI Equity Savings |
|---|---|---|
| 2026to date | +1.45% | +1.07% |
| 2025 | +9.77% | +5.62% |
| 2024 | +12.51% | +12.59% |
| 2023 | +15.09% | +18.13% |
| 2022 | +4.73% | +2.40% |
| 2021 | +16.90% | +13.94% |
Mirae Asset Equity Savings vs SBI Equity Savings: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,198 of them, one for each trading day from 20-12-2021 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Mirae Asset Equity Savings Fund (Direct)
SBI Equity Savings Fund (Direct)
to
May 2022Mar 2020
to
Mar 2023Jan 2021
to
Jan 2024Nov 2021
to
Nov 2024Aug 2022
to
Aug 2025Jun 2023
to
Jun 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mirae Asset Equity Savings | 0.0 | 0.0 | 4.3 | 89.0 | 6.8 | 0.0 | 0.0 | 12.3% | 12.1% | 9.4% | 18.6% |
| SBI Equity Savings | 0.0 | 0.0 | 20.8 | 78.3 | 0.9 | 0.0 | 0.0 | 11.3% | 11.3% | 7.3% | 16.8% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 18-12-2018. Past returns do not promise future returns.
Mirae Asset Equity Savings vs SBI Equity Savings: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 18-12-2018 to 30-10-2026: 95 instalments, ₹9,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Mirae Asset Equity SavingsMirae Asset Equity Savings Fund (Direct) | ₹9,50,000 | ₹14,40,958 | ₹4,90,958 | 10.3% |
| SBI Equity SavingsSBI Equity Savings Fund (Direct) | ₹9,50,000 | ₹13,69,007 | ₹4,19,007 | 9.0% |
Mirae Asset Equity SavingsMirae Asset Equity Savings Fund (Direct)
SBI Equity SavingsSBI Equity Savings Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Mirae Asset Equity Savings vs SBI Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Equity Savings Fund (Direct) | SBI Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.60% | +1.43% |
| Standard deviation | 5.76% | 3.77% |
| Sharpe ratio | -0.46 | -1.01 |
| Sortino ratio | -0.63 | -1.34 |
| Maximum drawdown | −5.1% (30-03-2026) | −3.0% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Mirae Asset Equity Savings Fund (Direct) | SBI Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.98% | +7.91% |
| Standard deviation | 5.66% | 4.77% |
| Sharpe ratio | 0.70 | 0.39 |
| Sortino ratio | 0.97 | 0.54 |
| Maximum drawdown | −5.1% (30-03-2026) | −6.4% (03-03-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Mirae Asset Equity Savings Fund (Direct) | SBI Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.69% | +7.95% |
| Standard deviation | 5.65% | 5.05% |
| Sharpe ratio | 0.51 | 0.43 |
| Sortino ratio | 0.70 | 0.57 |
| Maximum drawdown | −6.9% (17-06-2022) | −7.1% (20-06-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Mirae Asset Equity Savings Fund (Direct) | SBI Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.02% | +9.23% |
| Standard deviation | 7.23% | 6.52% |
| Sharpe ratio | 0.80 | 0.56 |
| Sortino ratio | 1.08 | 0.75 |
| Maximum drawdown | −18.2% (23-03-2020) | −19.5% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 18-12-2018 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Mirae Asset Equity Savings Fund (Direct)
SBI Equity Savings Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset Equity Savings Fund (Direct) | −18.2% | 20-02-2020 | 23-03-2020 | 23-07-2020 | 4 months | −1.6% |
| SBI Equity Savings Fund (Direct) | −19.5% | 12-02-2020 | 23-03-2020 | 28-08-2020 | 5 months | −1.1% |
From daily values since 18-12-2018, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Mirae Asset Equity Savings Fund (Direct)
SBI Equity Savings Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Mirae Asset Equity Savings Fund (Direct)
SBI Equity Savings Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Mirae Asset Equity Savings Fund (Direct)
SBI Equity Savings Fund (Direct)
Mirae Asset Equity Savings vs SBI Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Equity Savings Fund, September 2026; SBI Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 29.3%
- Held by both
- 57
- Only in Mirae Asset Equity Savings
- 112
- Only in SBI Equity Savings
- 48
| Security | % of Mirae Asset Equity Savings | % of SBI Equity Savings |
|---|---|---|
| ICICI Bank Ltd. | 3.28% | 5.14% |
| HDFC Bank Ltd. | 3.01% | 5.80% |
| Bharti Airtel Ltd. | 2.24% | 3.58% |
| Reliance Industries Ltd. | 2.21% | 5.04% |
| Axis Bank Ltd. | 2.12% | 1.63% |
| Kotak Mahindra Bank Ltd. | 1.28% | 6.73% |
| Mahindra & Mahindra Ltd. | 1.27% | 1.76% |
| State Bank of India | 2.07% | 1.20% |
| Eicher Motors Ltd. | 1.06% | 1.76% |
| Bajaj Finance Ltd. | 1.02% | 1.77% |
| Aditya Birla Capital Ltd. | 0.63% | 0.71% |
| Hindustan Aeronautics Ltd. | 0.76% | 0.63% |
| Jindal Steel Ltd. | 0.58% | 1.23% |
| Aurobindo Pharma Ltd. | 0.57% | 1.95% |
| Infosys Ltd. | 0.55% | 1.15% |
| Hindalco Industries Ltd. | 0.53% | 1.62% |
| Maruti Suzuki India Ltd. | 0.86% | 0.49% |
| Tata Power Company Ltd. | 0.72% | 0.48% |
| HDFC Life Insurance Company Ltd. | 0.43% | 1.39% |
| Oil & Natural Gas Corporation Ltd. | 0.42% | 0.53% |
| Tata Steel Ltd. | 1.39% | 0.42% |
| Divi's Laboratories Ltd. | 0.55% | 0.37% |
| Bank of Baroda | 0.34% | 1.64% |
| Ultratech Cement Ltd. | 0.30% | 2.02% |
| National Aluminium Company Ltd. | 0.29% | 1.41% |
| Bharat Heavy Electricals Ltd. | 0.28% | 0.68% |
| Apollo Hospitals Enterprise Ltd. | 0.26% | 1.40% |
| Godrej Consumer Products Ltd. | 0.25% | 0.43% |
| JSW Steel Ltd. | 0.25% | 0.78% |
| Shriram Finance Ltd. | 0.89% | 0.24% |
| Adani Ports and Special Economic Zone Ltd. | 1.07% | 0.23% |
| Ambuja Cements Ltd. | 0.59% | 0.23% |
| DLF Ltd. | 0.23% | 0.56% |
| Hindustan Unilever Ltd. | 0.21% | 0.21% |
| Sun Pharmaceutical Industries Ltd. | 0.86% | 0.20% |
| SBI Life Insurance Co. Ltd. | 1.06% | 0.19% |
| IndusInd Bank Ltd. | 0.21% | 0.17% |
| Adani Enterprises Ltd. | 0.38% | 0.15% |
| Asian Paints Ltd. | 0.14% | 0.57% |
| Power Finance Corporation Ltd. | 0.21% | 0.14% |
| NTPC Ltd. | 0.54% | 0.11% |
| Indus Towers Ltd. | 0.10% | 0.51% |
| Larsen & Toubro Ltd. | 0.98% | 0.08% |
| Punjab National Bank | 0.08% | 0.27% |
| RBL Bank Ltd. | 0.08% | 0.35% |
| Eternal Ltd. | 0.81% | 0.07% |
| Max Financial Services Ltd. | 0.21% | 0.07% |
| United Spirits Ltd. | 0.08% | 0.07% |
| Dabur India Ltd. | 0.07% | 0.08% |
| HDFC Asset Management Co. Ltd. | 0.18% | 0.06% |
| One 97 Communications Ltd. | 0.03% | 0.20% |
| Jio Financial Services Ltd. | 0.35% | 0.02% |
| Zydus Lifesciences Ltd. | 0.20% | 0.02% |
| Indian Oil Corporation Ltd. | 0.07% | 0.02% |
| Glenmark Pharmaceuticals Ltd. | 0.44% | 0.01% |
| UPL Ltd. | 0.06% | 0.01% |
| Pidilite Industries Ltd. | 0.05% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.3% means 29.3% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Mirae Asset Equity Savings Fund
| Security | % of fund |
|---|---|
| 8.65% Muthoot Finance Ltd. (MD 31/01/2028) | 2.50% |
| 7.88% Muthoot Finance Ltd. (MD 22/11/2028) | 2.46% |
| 7.47% Reliance Industries Ltd. (MD 16/09/2031) | 2.44% |
| 7.45% Torrent Pharmaceuticals Ltd. (MD 19/01/2028) | 1.99% |
| 6.79% Government of India (MD 07/10/2034) | 1.32% |
Largest holdings only in SBI Equity Savings Fund
| Security | % of fund |
|---|---|
| SBI Liquid Fund - DIRECT PLAN -Growth Option | 2.92% |
| Cholamandalam Investment & Finance Co. Ltd.Perpetual | 2.72% |
| 7.10% CGL 2034 | 2.30% |
| Life Insurance Corporation of India | 2.29% |
| Altius Telecom Infrastructure Trust | 2.20% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Equity Savings | SBI Equity Savings |
|---|---|---|
| Equity | 64.9% | 66.2% |
| Debt | 29.7% | 21.1% |
| Cash and others | 5.5% | 12.7% |
Market cap of stocks
| Market cap | Mirae Asset Equity Savings | SBI Equity Savings |
|---|---|---|
| Large Cap | 45.1% | 57.1% |
| Mid Cap | 11.7% | 8.6% |
| Small Cap | 6.4% | 0.5% |
| Not on AMFI's list | 1.6% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Mirae Asset Equity Savings | SBI Equity Savings |
|---|---|---|
| Banks | 13.9% | 23.0% |
| Pharmaceuticals & Biotechnology | 5.2% | 2.5% |
| Petroleum Products | 2.6% | 5.1% |
| Automobiles | 4.9% | 4.0% |
| Telecom - Services | 2.3% | 4.1% |
| Insurance | 1.9% | 3.9% |
| Finance | 3.4% | 3.1% |
| Consumer Durables | 3.0% | 0.6% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Equity Savings vs SBI Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Equity Savings Fund | SBI Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.73% | 1.46% |
| Base expense ratio (Direct) | 0.31% | 0.80% |
| Total expense ratio (Regular) | 1.73% | 2.00% |
| Base expense ratio (Regular) | 1.16% | 1.26% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Mirae Asset Equity Savings with
Mirae Asset Equity Savings Fund vs SBI Equity Savings Fund: Frequently Asked Questions
What is the difference between Mirae Asset Equity Savings Fund and SBI Equity Savings Fund?
Both are Equity Savings funds, run by Mirae Asset Mutual Fund and SBI Mutual Fund. Their portfolios overlap 29.3%. Mirae Asset Equity Savings Fund charges 0.73% a year and SBI Equity Savings Fund 1.46%.
Which has given higher returns, Mirae Asset Equity Savings Fund or SBI Equity Savings Fund?
Over 1 year: Mirae Asset Equity Savings Fund +2.60%, SBI Equity Savings Fund +1.43%. Over 3 years: Mirae Asset Equity Savings Fund +9.98% a year, SBI Equity Savings Fund +7.91% a year. Over 5 years: Mirae Asset Equity Savings Fund +8.69% a year, SBI Equity Savings Fund +7.95% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Mirae Asset Equity Savings Fund or SBI Equity Savings Fund?
Mirae Asset Equity Savings Fund charges less: 0.73% a year against 1.46%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mirae Asset Equity Savings Fund and SBI Equity Savings Fund overlap?
29.3%. They hold 57 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Mirae Asset Equity Savings Fund or SBI Equity Savings Fund?
On SEBI's riskometer, Mirae Asset Equity Savings Fund is rated Moderately High and SBI Equity Savings Fund Moderate. Over 3 years, the standard deviation of daily returns was 5.66% and 4.77% a year.
Which is better for SIP, Mirae Asset Equity Savings Fund or SBI Equity Savings Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,62,082 in Mirae Asset Equity Savings Fund (XIRR 8.7% a year) and ₹7,40,190 in SBI Equity Savings Fund (XIRR 7.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Mirae Asset Equity Savings Fund and SBI Equity Savings Fund?
Yes. 29.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Mirae Asset Equity Savings Fund and SBI Equity Savings Fund?
Mirae Asset Equity Savings Fund: Harshad Borawake, Vrijesh Kasera, Bharti Sawant, Basant Bafna. SBI Equity Savings Fund: Neeraj Kumar - Arbitrage, Mansi Sajeja, Nidhi Chawla, Vandna Soni.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.