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Mirae Asset Savings Fund Direct Plan Growth

Debt
Low Duration
Low to Moderate Risk
6.24%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 21 Oct 2021₹1,933.79
Min. SIP amount₹1,000
Rating3star
Fund size₹986.81 Cr

Returns and rankings

Category: Debt Low Duration
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns4.0%6.2%6.4%7.2%
Category average5.6%4.8%5.7%NA
Rank with in category181415NA
Understand termsinfo

Holdings (54)

NameSectorInstrumentAssets
FinancialDebenture5.6%
FinancialCP5.0%
EnergyDebenture4.2%
Tamilnadu State
OthersSDL2.7%
Power Finance Corporation Ltd.
FinancialDebenture2.6%
FinancialDebenture2.6%
EnergyNCD2.6%
National Highways Authority of India Ltd.
ServicesBonds2.6%
FinancialNCD2.5%
FinancialDebenture2.5%
See All

Pros and cons

info
Category: Debt Low Duration
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Pros

3Y and 5Y annualised returns higher than category average
Higher alpha: 2.9 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
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Cons

1Y annualised returns lower than category average by 1.61%

Expense ratio, exit load and tax

Expense ratio: 0.28%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand termsinfo
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000

Fund management

Mahendra Kumar Jajoo
Sep 2016 - Present
View details
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Fund house & investment objective

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Fund house contact details

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