Fund Details
Mirae Asset Savings Fund Direct Plan IDCW Daily
| Risk | Low to Moderate |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.16% |
| NAV | ₹1208.89 (12 May 2021) |
|---|---|
| Fund Started | 08 Oct 2013 |
| Fund Size | ₹1,046 Cr |
Returns
Comparison
1. Lower expense ratio - 0.16%
2. 3Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
4. Exit load is zero
1. 1Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Bank Of Baroda | Financial | CD | 4.7% |
| Reserve Bank of India | Financial | T-Bills | 4.3% |
| Hindustan Petroleum Corpn. Ltd. | Energy | Debenture | 3.9% |
| Larsen & Toubro Ltd. | Construction | CP | 3.7% |
| Karnataka State | Others | SDL | 2.5% |
| National Thermal Power Corp. Ltd. | Energy | NCD | 2.5% |
| Bharat Petroleum Corpn. Ltd. | Energy | CP | 2.4% |
| Berger Paints India Ltd. | Chemicals | CP | 2.4% |
| Hindustan Petroleum Corpn. Ltd. | Energy | CP | 2.4% |
| National Bank For Agriculture & Rural Development | Financial | CP | 2.4% |
Fund Managers
Mirae Asset Savings Fund Direct Plan IDCW Daily Details
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 08 Oct 2013. 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 ₹1,046 Cr and the Latest NAV as of 12 May 2021 is ₹1208.89.
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.
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.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
