Mirae Asset Savings Fund Direct Plan Growth+0.01%

7.13%
1 Year Return
Debt
Low Duration
3.0star
6M
1Y
3Y
5Y
All

Fund Details

Mirae Asset Savings Fund Direct Plan Growth

RiskModerately Low
Min SIP Amount₹1000
Expense Ratio0.26%
NAV1859.83 (23 Oct 2020)
Fund Started01 Jan 2013
Fund Size810 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Mirae Asset Savings Fund Direct Plan Growth
7.1%
7.0%
7.2%
7.7%
Category Average
6.3%
5.1%
6.1%
-
Rank within category
18
14
15
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with 7.1% annual returns

    Comparison

    Data not available
    Pros
    1. Lower expense ratio - 0.26%
    2. Exit load is zero
    Cons
    Found nothing so far.

    Top Holdings

    NameSectorInstrument% Assets
    Reserve Bank of IndiaFinancialT-Bills6.2%
    Reserve Bank of IndiaFinancialT-Bills6.2%
    Indian Oil Corpn. Ltd.EnergyCP6.2%
    Indian Railway Finance Corpn. Ltd.FinancialCP6.2%
    Steel Authority Of India Ltd.MetalsCP6.2%
    Export-Import Bank Of IndiaFinancialCD4.6%
    AU Small Finance Bank Ltd.FinancialCD4.3%
    Hindustan Petroleum Corpn. Ltd.EnergyDebenture3.2%
    Reserve Bank of IndiaFinancialT-Bills3.1%
    Axis Bank Ltd.FinancialCD3.1%
    See All

    Fund Managers

    addMahendra Kumar Jajoo
    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.
    Funds Managed

    Mirae Asset Savings Fund Direct Plan Growth Details

    Mirae Asset Savings Fund Direct Plan Growth is a Debt Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Mahendra Jajoo is the Current Fund Manager of Mirae Asset Savings Fund Direct Plan Growth fund.The fund currently has an Asset Under Management(AUM) of ₹810 Cr and the Latest NAV as of 23 Oct 2020 is ₹1859.83.

    The Mirae Asset Savings Fund Direct Plan Growth is rated Moderately Low 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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