Mirae Asset Savings Fund Direct Plan IDCW Daily - Latest NAV[1208.82], MF Performance & Returns 2022

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Mirae Asset Savings Fund Direct Plan IDCW Daily
Debt
Low Duration
Low to Moderate Risk
5.70%
3Y annualised
-0.01% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 19 Jan 2022₹1,208.82
Min. SIP amount₹1,000
Rating3
Fund size₹880.58Cr
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 returns3.9%5.7%6.2%7.1%
Category average5.6%4.8%5.7%NA
Rank with in category171414NA
Understand terms
Holdings (44)NameSectorInstrumentAssets
GOI
SovereignCGL5.8%
ICICI Securities Ltd.
FinancialCP5.6%
Hindustan Petroleum Corporation Ltd.
EnergyDebenture4.6%
GOI
SovereignGOI Sec4.1%
GOI
SovereignGOI Sec3.4%
GOI
SovereignGOI Sec3.1%
Tamilnadu State
OthersSDL3.0%
Power Finance Corporation Ltd.
FinancialDebenture2.9%
National Highways Authority of India Ltd.
ServicesBonds2.9%
GOI
SovereignCGL2.9%
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 cons
Category: Debt Low Duration
Pros
3Y and 5Y annualised returns higher than category average
Higher alpha: 2.57
The fund has generated returns higher than benchmark - CRISIL Low Duration Debt - in the last 3Y 
Exit load is zero
Lower expense ratio: 0.28%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
Cons
1Y annualised returns lower than category average by 1.97%
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 Dec 2021 - Present
0.28%
30 Nov 2021 - 31 Dec 2021
0.28%
31 Oct 2021 - 30 Nov 2021
0.28%
30 Sep 2021 - 31 Oct 2021
0.28%
31 Aug 2021 - 30 Sep 2021
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 terms
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
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.
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Fund house & investment objective
Mirae Asset Mutual Fund
Rank (total assets)#13 in India
Total AUM₹70,165.29Cr
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 availab
 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 19 Jan 2022 is ₹1,208.82.
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
Scheme Information Document(SID)
Fund house contact details
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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FAQsHow to Invest in Mirae Asset Savings Fund Direct Plan IDCW Daily
You can easily invest in Mirae Asset Savings Fund Direct Plan IDCW Daily in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account
 Search for Mirae Asset Savings Fund Direct Plan IDCW Daily from the search box 
 In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
 Once you are done with that, you can start investing in Mirae Asset Savings Fund Direct Plan IDCW Daily as SIP or lumpsum as per your investment objective and risk tolerance
What kind of returns does Mirae Asset Savings Fund Direct Plan IDCW Daily provide?
The Mirae Asset Savings Fund Direct Plan IDCW Daily has been there from 01 Jan 2013 and the average annual returns provided by this
fund is 3.92% since its inception.
How much expense ratio is charged by Mirae Asset Savings Fund Direct Plan IDCW Daily?
The term Expense Ratio used for Mirae Asset Savings Fund Direct Plan IDCW Daily or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. 

The Expense Ratio of Mirae Asset Savings Fund Direct Plan IDCW Daily is 0.28% as of 20 Jan 2022...
What is the AUM of Mirae Asset Savings Fund Direct Plan IDCW Daily?
The AUM, short for Assets Under Management of Mirae Asset Savings Fund Direct Plan IDCW Daily is ₹880.58Cr as of 20 Jan 2022.
How to Redeem Mirae Asset Savings Fund Direct Plan IDCW Daily?
If you want to sell your Mirae Asset Savings Fund Direct Plan IDCW Daily holdings, go to your holding on the app or
web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your
desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.
Can I invest in SIP and Lump Sum of Mirae Asset Savings Fund Direct Plan IDCW Daily?
You can select either SIP  or Lumpsum  investment of Mirae Asset Savings Fund Direct Plan IDCW Daily based on your investment objective and risk tolerance.
What is the NAV of Mirae Asset Savings Fund Direct Plan IDCW Daily?
The NAV of Mirae Asset Savings Fund Direct Plan IDCW Daily is ₹1,208.82 as of 19 Jan 2022.
What is the PE and PB ratio of Mirae Asset Savings Fund Direct Plan IDCW Daily?
The PE ratio ratio of Mirae Asset Savings Fund Direct Plan IDCW Daily is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

	1Y	3Y	5Y	All
Fund returns	3.9%	5.7%	6.2%	7.1%
Category average	5.6%	4.8%	5.7%	NA
Rank with in category	17	14	14	NA

Name	Sector	Instrument	Assets
GOI	Sovereign	CGL	5.8%
ICICI Securities Ltd.	Financial	CP	5.6%
Hindustan Petroleum Corporation Ltd.	Energy	Debenture	4.6%
GOI	Sovereign	GOI Sec	4.1%
GOI	Sovereign	GOI Sec	3.4%
GOI	Sovereign	GOI Sec	3.1%
Tamilnadu State	Others	SDL	3.0%
Power Finance Corporation Ltd.	Financial	Debenture	2.9%
National Highways Authority of India Ltd.	Services	Bonds	2.9%
GOI	Sovereign	CGL	2.9%

Rank (total assets)	#13 in India
Total AUM	₹70,165.29Cr

Date of Incorporation	30 Nov 2007

Fund benchmark	CRISIL Low Duration Debt

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Bengaluru – 560034
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	3
Fund size	₹880.58Cr