Mirae Asset Savings Fund Direct Plan IDCW Daily

Debt
Low Duration
Low to Moderate Risk
5.13%
3Y annualised
+0.05% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 06 Feb 2023₹1,208.93
Min. SIP amount₹1,000
Rating2
Fund size₹606.51Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Debt Low Duration
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns5.0%5.1%5.9%6.9%
Category average4.4%5.2%5.5%NA
Rank with in category101614NA
Understand terms

Holdings (38)

NameSectorInstrumentAssets
National Bank For Agriculture & Rural Development
FinancialNCD5.6%
Shriram Finance LtdFinancialDebenture5.0%
Gujarat State
OthersSDL4.2%
Reliance Retail Ventures Ltd.ServicesCP4.1%
IDFC First Bank Ltd.
FinancialCD4.1%
Birla Group Holdings Pvt. Ltd.FinancialCP4.1%
Canara Bank
FinancialCD4.1%
Export-Import Bank Of India
FinancialCD4.1%
Muthoot Finance Ltd.FinancialNCD4.1%
Kotak Mahindra Bank Ltd.
FinancialCD3.9%
See All

Pros and cons

Category: Debt Low Duration

Pros

Cons

1Y, 5Y and 10Y annualised returns higher than category average
3Y annualised returns lower than category average by 0.08%
Higher alpha: 2.22 The fund has generated returns higher than benchmark - NIFTY Low Duration Debt Index B-I - in the last 3Y
Low rating: 2
Exit load is zero
Lower expense ratio: 0.23%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Expense ratio, exit load and tax

Expense ratio: 0.23%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000

Fund house & investment objective

Fund house contact details

Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Launch Date
26 Apr 2019
Website
NA
Mirae Asset Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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