Name: Mirae Asset Savings Fund Direct Plan IDCW Daily
Brand: Mirae Asset Mutual Fund

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Mirae Asset Savings Fund Direct Plan IDCW Daily
Debt
Low Duration
Low to Moderate Risk
4.50%
1Y return
+0.03% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 20 Sep 2021₹1,208.93
Min. SIP amount₹1,000
Rating3star
Fund size₹1,079.07 Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Low Duration
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns4.5%6.4%6.5%7.3%
Category average5.6%4.8%5.7%NA
Rank with in category171414NA
Understand termsinfo
Holdings (64)NameSectorInstrumentAssets
Manappuram Finance Ltd.
FinancialDebenture5.2%
ICICI Securities Ltd.
FinancialCP4.5%
Hindustan Petroleum Corporation Ltd.
EnergyDebenture3.8%
HDFC Bank Ltd.
FinancialCD3.6%
Tamilnadu State
OthersSDL2.5%
NTPC Ltd.
EnergyNCD2.4%
Power Finance Corporation Ltd.
FinancialDebenture2.4%
National Highways Authority of India Ltd.
ServicesBonds2.4%
Housing Development Finance Corpn. Ltd.
FinancialNCD2.3%
National Bank For Agriculture & Rural Development
FinancialDebenture2.3%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and consinfo
Category: Debt Low Duration
thumb_up_altPros
Lower expense ratio - 0.27%
3Y Returns are higher than the category average returns
5Y Returns are higher than the category average returns
Exit load is zero
thumb_down_altCons
1Y Returns are lower than the category average returns
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Aug 2021 - Present
0.28%
31 Jul 2021 - 31 Aug 2021
0.27%
30 Jun 2021 - 31 Jul 2021
0.27%
31 May 2021 - 30 Jun 2021
0.27%
30 Apr 2021 - 31 May 2021
0.27%
31 Mar 2021 - 30 Apr 2021
0.26%
28 Feb 2021 - 31 Mar 2021
0.25%
31 Jan 2021 - 28 Feb 2021
0.27%
31 Dec 2020 - 31 Jan 2021
0.29%
30 Nov 2020 - 31 Dec 2020
0.26%
31 Oct 2020 - 30 Nov 2020
0.26%
30 Sep 2020 - 31 Oct 2020
0.27%
31 Aug 2020 - 30 Sep 2020
0.27%
31 Jul 2020 - 31 Aug 2020
0.27%
30 Jun 2020 - 31 Jul 2020
0.27%
31 May 2020 - 30 Jun 2020
0.27%
30 Apr 2020 - 31 May 2020
0.27%
31 Mar 2020 - 30 Apr 2020
0.21%
29 Feb 2020 - 31 Mar 2020
0.34%
31 Jan 2020 - 29 Feb 2020
0.34%
31 Dec 2019 - 31 Jan 2020
0.17%
30 Nov 2019 - 31 Dec 2019
0.17%
31 Oct 2019 - 30 Nov 2019
0.19%
30 Sep 2019 - 31 Oct 2019
0.19%
31 Aug 2019 - 30 Sep 2019
0.13%
31 Jul 2019 - 31 Aug 2019
0.13%
30 Jun 2019 - 31 Jul 2019
0.13%
31 May 2019 - 30 Jun 2019
0.14%
30 Apr 2019 - 31 May 2019
0.17%
31 Mar 2019 - 30 Apr 2019
0.24%
28 Feb 2019 - 31 Mar 2019
0.24%
31 Jan 2019 - 28 Feb 2019
0.16%
31 Dec 2018 - 31 Jan 2019
0.16%
30 Nov 2018 - 31 Dec 2018
0.16%
31 Oct 2018 - 30 Nov 2018
0.17%
30 Sep 2018 - 31 Oct 2018
0.20%
31 Aug 2018 - 30 Sep 2018
0.22%
31 Jul 2018 - 31 Aug 2018
0.23%
30 Jun 2018 - 31 Jul 2018
0.23%
31 May 2018 - 30 Jun 2018
0.24%
30 Apr 2018 - 31 May 2018
0.24%
31 Mar 2018 - 30 Apr 2018
0.20%
28 Feb 2018 - 31 Mar 2018
0.23%
31 Jan 2018 - 28 Feb 2018
0.26%
31 Dec 2017 - 31 Jan 2018
0.26%
30 Nov 2017 - 31 Dec 2017
0.26%
31 Oct 2017 - 30 Nov 2017
0.26%
Expense ratio, exit load and taxExpense ratio: 0.28%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand termsinfo
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000
Fund managementMahendra Kumar Jajoo
Sep 2016 - Present
View details
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Education
Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
Experience
Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.
Also manages these schemes
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Mirae Asset Savings Fund Regular Savings Plan IDCW Daily
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Mirae Asset Savings Fund Regular Savings Plan IDCW Quarterly
Mirae Asset Savings Fund Regular Savings Plan IDCW Monthly
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Mirae Asset Cash Management Fund IDCW Weekly
Mirae Asset Cash Management Fund IDCW Monthly
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Mirae Asset Savings Fund Direct Plan IDCW Monthly
Mirae Asset Savings Fund Direct Plan IDCW Quarterly
Mirae Asset Savings Fund Direct Plan IDCW Daily
Mirae Asset Savings Fund Direct Plan IDCW Weekly
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Mirae Asset Cash Management Fund Direct IDCW weekly
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Fund house & investment objective
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Mirae Asset Mutual Fund
Rank (total assets)#13 in India
Total AUM70,165.29 Cr
Date of Incorporation30 Nov 2007
Mirae Asset Savings Fund Direct Plan IDCW Daily is a Debt Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to in
Mirae Asset Savings Fund Direct Plan IDCW Daily is a Debt Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 30 Nov 2007. Mahendra Jajoo is the Current Fund Manager of Mirae Asset Savings Fund Direct Plan IDCW Daily fund. The fund currently has an Asset Under Management(AUM) of ₹70,165 Cr and the Latest NAV as of 20 Sep 2021 is ₹1,208.93.
The Mirae Asset Savings Fund Direct Plan IDCW Daily is rated Low to Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. ...Read more
Investment Objective
The scheme aims to enhance income consistent with a high level of liquidity, through a judicious portfolio mix of money market and debt instruments.
The scheme aims to enhance income consistent with a high level of liquidity, through a judicious portfolio mix of money market and debt instruments.
...Read more
Fund benchmarkCRISIL Low Duration Debt
descriptionScheme Information Document(SID)
Fund house contact details
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Address
Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), MUMBAI 400098
Phone
022-67800300
Launch Date
30 Nov 2007
E-mail
[email protected]
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,
Email
[email protected]
Website
www.karvymfs.com
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	1Y	3Y	5Y	All
Fund returns	4.5%	6.4%	6.5%	7.3%
Category average	5.6%	4.8%	5.7%	NA
Rank with in category	17	14	14	NA

Name	Sector	Instrument	Assets
Manappuram Finance Ltd.	Financial	Debenture	5.2%
ICICI Securities Ltd.	Financial	CP	4.5%
Hindustan Petroleum Corporation Ltd.	Energy	Debenture	3.8%
HDFC Bank Ltd.	Financial	CD	3.6%
Tamilnadu State	Others	SDL	2.5%
NTPC Ltd.	Energy	NCD	2.4%
Power Finance Corporation Ltd.	Financial	Debenture	2.4%
National Highways Authority of India Ltd.	Services	Bonds	2.4%
Housing Development Finance Corpn. Ltd.	Financial	NCD	2.3%
National Bank For Agriculture & Rural Development	Financial	Debenture	2.3%

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

Rating	3
Fund size	₹1,079.07 Cr