Mirae Asset Equity Savings Fund vs Union Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
Mirae Asset Equity Savings Fund and Union 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 Union Equity Savings Fund (Direct) returned 6.6% a year. Mirae Asset Equity Savings Fund charges 0.73% a year and Union Equity Savings Fund 2.11% (Direct plans). Their portfolios overlap 30.1%: they hold 44 of the same securities.
Mirae Asset Equity Savings Fund
Equity Savings
- 3 year return
- 10.0%
- Expense ratio
- 0.73%
- NAV
- ₹22.84
Union Equity Savings Fund
Equity Savings
- 3 year return
- 6.6%
- Expense ratio
- 2.11%
- NAV
- ₹17.94
Which is better, Mirae Asset Equity Savings or Union 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 5.7%.
- Mirae Asset Equity Savings returned more over 3 years: 10.0% a year against 6.6%.
- Mirae Asset Equity Savings costs less: 0.73% a year against 2.11% (Direct plans).
- Union Equity Savings swung less over 3 years: a standard deviation of 4.7% a year against 5.7%.
- Union Equity Savings fell less in its worst fall since 18-12-2018: −14.4% against −18.2%.
- Mirae Asset Equity Savings is the larger fund: ₹1,994 Cr against ₹114 Cr.
- Their portfolios overlap 30.1%: 44 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 | Union Equity Savings Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Union Mutual Fund |
| Category | Equity Savings | Equity Savings |
| AUM | ₹1,994 Cr (30-09-2026) | ₹114 Cr (30-09-2026) |
| NAV | ₹22.84 (Direct) | ₹17.94 (Direct) |
| Expense ratio (Direct) | 0.73% | 2.11% |
| Expense ratio (Regular) | 1.73% | 2.60% |
| Riskometer | Moderately High | Moderately High |
| Benchmark | Nifty Equity Savings Index | CRISIL Equity Savings Index (TRI)# #CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited |
| Launch date | 17-12-2018 | 09-08-2018 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Harshad Borawake, Vrijesh Kasera, Bharti Sawant, Basant Bafna | Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal |
| 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 1%, if redeemed within 15 days. |
Mirae Asset Equity Savings vs Union 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% | -- |
| Union Equity Savings Fund (Direct) | −0.44% | −1.10% | +1.18% | +0.67% | +6.60% | +5.74% | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | -- |
Category average: the average of the 23 Equity Savings funds, same plan type.
Mirae Asset Equity Savings vs Union Equity Savings: Year-wise Returns
| Year | Mirae AssetMirae Asset Equity Savings | UnionUnion Equity Savings |
|---|---|---|
| 2026to date | +1.45% | +0.39% |
| 2025 | +9.77% | +5.49% |
| 2024 | +12.51% | +8.94% |
| 2023 | +15.09% | +12.03% |
| 2022 | +4.73% | +2.36% |
| 2021 | +16.90% | +9.35% |
Mirae Asset Equity Savings vs Union 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)
Union 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% |
| Union Equity Savings | 0.0 | 0.0 | 93.7 | 6.3 | 0.0 | 0.0 | 0.0 | 8.4% | 8.3% | 6.3% | 12.7% |
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 Union 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% |
| Union Equity SavingsUnion Equity Savings Fund (Direct) | ₹9,50,000 | ₹12,47,438 | ₹2,97,438 | 6.8% |
Mirae Asset Equity SavingsMirae Asset Equity Savings Fund (Direct)
Union Equity SavingsUnion 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 Union 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) | Union Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.60% | +0.67% |
| Standard deviation | 5.76% | 5.27% |
| Sharpe ratio | -0.46 | -0.87 |
| Sortino ratio | -0.63 | -1.15 |
| Maximum drawdown | −5.1% (30-03-2026) | −4.5% (30-03-2026) |
| 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) | Union Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.98% | +6.60% |
| Standard deviation | 5.66% | 4.70% |
| Sharpe ratio | 0.70 | 0.12 |
| Sortino ratio | 0.97 | 0.16 |
| Maximum drawdown | −5.1% (30-03-2026) | −4.5% (30-03-2026) |
| 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) | Union Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.69% | +5.74% |
| Standard deviation | 5.65% | 4.59% |
| Sharpe ratio | 0.51 | -0.01 |
| Sortino ratio | 0.70 | -0.02 |
| Maximum drawdown | −6.9% (17-06-2022) | −5.8% (17-06-2022) |
| 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) | Union Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.02% | +7.35% |
| Standard deviation | 7.23% | 5.70% |
| Sharpe ratio | 0.80 | 0.37 |
| Sortino ratio | 1.08 | 0.49 |
| Maximum drawdown | −18.2% (23-03-2020) | −14.4% (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)
Union 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% |
| Union Equity Savings Fund (Direct) | −14.4% | 19-02-2020 | 23-03-2020 | 13-07-2020 | 4 months | −2.1% |
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)
Union 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)
Union 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)
Union Equity Savings Fund (Direct)
Mirae Asset Equity Savings vs Union Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Equity Savings Fund, September 2026; Union Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 30.1%
- Held by both
- 44
- Only in Mirae Asset Equity Savings
- 125
- Only in Union Equity Savings
- 37
| Security | % of Mirae Asset Equity Savings | % of Union Equity Savings |
|---|---|---|
| ICICI Bank Ltd. | 3.28% | 3.63% |
| HDFC Bank Ltd. | 3.01% | 4.85% |
| Bharti Airtel Ltd. | 2.24% | 2.65% |
| Reliance Industries Ltd. | 2.21% | 2.33% |
| Axis Bank Ltd. | 2.12% | 2.18% |
| Kotak Mahindra Bank Ltd. | 1.28% | 2.37% |
| 6.74% Small Industries Development Bank of India (MD 10/01/2029) | 1.22% | 3.44% |
| State Bank of India | 2.07% | 1.18% |
| Adani Ports and Special Economic Zone Ltd. | 1.07% | 1.05% |
| Mahindra & Mahindra Ltd. | 1.27% | 1.04% |
| Bajaj Finance Ltd. | 1.02% | 3.04% |
| Tata Steel Ltd. | 1.39% | 0.98% |
| Maruti Suzuki India Ltd. | 0.86% | 0.57% |
| Infosys Ltd. | 0.55% | 0.89% |
| NTPC Ltd. | 0.54% | 2.65% |
| Hindalco Industries Ltd. | 0.53% | 0.87% |
| Eternal Ltd. | 0.81% | 0.47% |
| Glenmark Pharmaceuticals Ltd. | 0.44% | 1.62% |
| Mphasis Ltd. | 0.44% | 0.44% |
| Varun Beverages Ltd. | 0.54% | 0.43% |
| Shriram Finance Ltd. | 0.89% | 0.42% |
| Larsen & Toubro Ltd. | 0.98% | 0.40% |
| Torrent Pharmaceuticals Ltd. | 0.31% | 0.58% |
| Bharat Petroleum Corporation Ltd. | 0.30% | 0.90% |
| FSN E-Commerce Ventures Ltd. | 0.68% | 0.30% |
| Kirloskar Oil Engines Ltd. | 0.30% | 0.43% |
| Sai Life Sciences Ltd. | 0.29% | 0.70% |
| JSW Energy Ltd. | 0.65% | 0.29% |
| Bharat Heavy Electricals Ltd. | 0.28% | 0.38% |
| Sun Pharmaceutical Industries Ltd. | 0.86% | 0.27% |
| Ultratech Cement Ltd. | 0.30% | 0.27% |
| Delhivery Ltd. | 0.26% | 0.58% |
| Dr. Lal Path labs Ltd. | 0.25% | 0.67% |
| Bharat Electronics Ltd. | 0.40% | 0.22% |
| Hindustan Unilever Ltd. | 0.21% | 0.51% |
| Max Financial Services Ltd. | 0.21% | 0.69% |
| IndusInd Bank Ltd. | 0.21% | 0.50% |
| Jindal Steel Ltd. | 0.58% | 0.18% |
| Interglobe Aviation Ltd. | 0.15% | 1.32% |
| Godrej Properties Ltd. | 0.10% | 0.33% |
| Indus Towers Ltd. | 0.10% | 3.69% |
| RBL Bank Ltd. | 0.08% | 0.51% |
| Crompton Greaves Consumer Electricals Ltd. | 0.07% | 0.67% |
| One 97 Communications Ltd. | 0.03% | 0.65% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.1% means 30.1% 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 Union Equity Savings Fund
| Security | % of fund |
|---|---|
| National Bank for Agriculture and Rural Development | 8.69% |
| Patanjali Foods Ltd. | 4.81% |
| 91 Day Treasury Bills | 4.37% |
| Indian Railway Finance Corporation Ltd. | 4.26% |
| 91 Day Treasury Bills | 2.81% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Equity Savings | Union Equity Savings |
|---|---|---|
| Equity | 64.9% | 69.5% |
| Debt | 29.7% | 26.3% |
| Cash and others | 5.5% | 4.2% |
Market cap of stocks
| Market cap | Mirae Asset Equity Savings | Union Equity Savings |
|---|---|---|
| Large Cap | 45.1% | 42.8% |
| Mid Cap | 11.7% | 14.4% |
| Small Cap | 6.4% | 11.5% |
| Not on AMFI's list | 1.6% | 0.8% |
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 | Union Equity Savings |
|---|---|---|
| Banks | 13.9% | 16.4% |
| Telecom - Services | 2.3% | 6.3% |
| Agricultural Food & other Products | 0.0% | 5.4% |
| Pharmaceuticals & Biotechnology | 5.2% | 4.4% |
| Automobiles | 4.9% | 2.1% |
| Power | 1.9% | 3.5% |
| Finance | 3.4% | 3.5% |
| Petroleum Products | 2.6% | 3.2% |
| Consumer Durables | 3.0% | 0.7% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Equity Savings vs Union Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Equity Savings Fund | Union Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.73% | 2.11% |
| Base expense ratio (Direct) | 0.31% | 1.25% |
| Total expense ratio (Regular) | 1.73% | 2.60% |
| Base expense ratio (Regular) | 1.16% | 1.66% |
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 Union Equity Savings Fund: Frequently Asked Questions
What is the difference between Mirae Asset Equity Savings Fund and Union Equity Savings Fund?
Both are Equity Savings funds, run by Mirae Asset Mutual Fund and Union Mutual Fund. Their portfolios overlap 30.1%. Mirae Asset Equity Savings Fund charges 0.73% a year and Union Equity Savings Fund 2.11%.
Which has given higher returns, Mirae Asset Equity Savings Fund or Union Equity Savings Fund?
Over 1 year: Mirae Asset Equity Savings Fund +2.60%, Union Equity Savings Fund +0.67%. Over 3 years: Mirae Asset Equity Savings Fund +9.98% a year, Union Equity Savings Fund +6.60% a year. Over 5 years: Mirae Asset Equity Savings Fund +8.69% a year, Union Equity Savings Fund +5.74% 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 Union Equity Savings Fund?
Mirae Asset Equity Savings Fund charges less: 0.73% a year against 2.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mirae Asset Equity Savings Fund and Union Equity Savings Fund overlap?
30.1%. They hold 44 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 Union Equity Savings Fund?
On SEBI's riskometer, Mirae Asset Equity Savings Fund is rated Moderately High and Union Equity Savings Fund Moderately High. Over 3 years, the standard deviation of daily returns was 5.66% and 4.70% a year.
Which is better for SIP, Mirae Asset Equity Savings Fund or Union 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 ₹7,05,439 in Union Equity Savings Fund (XIRR 5.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Mirae Asset Equity Savings Fund and Union Equity Savings Fund?
Yes. 30.1% 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 Union Equity Savings Fund?
Mirae Asset Equity Savings Fund: Harshad Borawake, Vrijesh Kasera, Bharti Sawant, Basant Bafna. Union Equity Savings Fund: Sanjay Bembalkar, Gaurav Chopra, Parijat Agrawal.
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.