| Risk | Moderately Low |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.27% |
| NAV | ₹1208.93 (06 Jul 2020) |
|---|---|
| Fund Started | 08 Oct 2013 |
| Fund Size | ₹487 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Godrej Properties Ltd. | Construction | CP | 7.1% |
| AU Small Finance Bank Ltd. | Financial | CD | 7.0% |
| National Bank For Agriculture & Rural Development | Financial | CD | 5.1% |
| ICICI Bank Ltd. | Financial | CD | 5.1% |
| Axis Bank Ltd. | Financial | CD | 5.1% |
| HDB Financial Services Ltd. | Financial | Bonds/NCD | 4.2% |
| L&T Finance Ltd. | Financial | Debenture | 4.2% |
| REC Ltd. | Financial | Bonds/NCD | 3.1% |
| Vedanta Ltd. | Metals | NCD | 2.8% |
| Housing & Urban Development Corpn. Ltd. | Financial | Debenture | 2.1% |
Mirae Asset Savings Fund Direct Plan Dividend 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 Dividend Daily fund.The fund currently has an Asset Under Management(AUM) of ₹487 Cr and the Latest NAV as of 06 Jul 2020 is ₹1208.93.
The Mirae Asset Savings Fund Direct Plan Dividend Daily is rated Moderately Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.
The investment objective of the scheme is to seek to generate returns with low volatility and higher liquidity through a portfolio of debt and money market instruments. The scheme does not guarantee any returns.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.