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Mirae Asset Savings Fund Direct Plan Dividend Daily+0.02%

6.32%
1 Year Return
Debt
Low Duration
3.0star
6M
1Y
3Y
5Y
All

Fund Details

Mirae Asset Savings Fund Direct Plan Dividend Daily

RiskLow to Moderate
Min SIP Amount₹1000
Expense Ratio0.27%
NAV₹1208.93 (25 Feb 2021)
Fund Started08 Oct 2013
Fund Size1,066 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
6.3%
6.8%
6.9%
7.5%
Category Average
5.9%
5.1%
6.1%
-
Rank Within Category
14
14
15
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount1,000
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
0
with 6.3% returns per annum

Comparison

Data not available
Pros
1. Lower expense ratio - 0.29%
2. 1Y Returns are higher than the category average returns
3. 3Y Returns are higher than the category average returns
4. 5Y Returns are higher than the category average returns
5. Exit load is zero
Cons
Found nothing so far.

Top Holdings

NameSectorInstrument% Assets
Chennai Petroleum Corpn. Ltd.EnergyCP4.7%
ICICI Securities Ltd.FinancialCP4.7%
Bank Of BarodaFinancialCD4.6%
Reserve Bank of IndiaFinancialT-Bills4.2%
Hindustan Petroleum Corpn. Ltd.EnergyDebenture3.9%
Karnataka StateOthersSDL2.5%
National Thermal Power Corp. Ltd.EnergyNCD2.4%
National Bank For Agriculture & Rural DevelopmentFinancialCP2.3%
Export-Import Bank Of IndiaFinancialCD2.3%
GOISovereignGOI Sec2.0%
See All

Fund Managers

Mahendra Kumar Jajoo
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Mirae Asset Savings Fund Direct Plan Dividend Daily Details

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 ₹1,066 Cr and the Latest NAV as of 25 Feb 2021 is ₹1208.93.

The Mirae Asset Savings Fund Direct Plan Dividend 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.

Scheme Information Document(SID)

₹5000
Min for First Investment
₹1000
Min for Second Investment
Nil
Exit Load

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About Mirae Asset Mutual Fund

Address
Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), MUMBAI 400098
Phone
022-67800300
Launch Date
30 Nov 2007
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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