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Mirae Asset Savings Fund Direct Plan Growth

Debt
Low Duration
Low to Moderate Risk
5.02%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 27 May 2022₹1,967.89
Min. SIP amount₹1,000
Rating3
Fund size₹845.84Cr

Returns and rankings

Category: Debt Low Duration
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns3.3%5.0%5.9%7.0%
Category average5.6%4.8%5.7%NA
Rank with in category181415NA
Understand terms

Holdings (40)

NameSectorInstrumentAssets
GOI
SovereignCGL5.9%
Hindustan Petroleum Corporation Ltd.EnergyDebenture4.8%
HDFC Bank Ltd.
FinancialCD4.6%
Shriram Transport Finance Company Ltd.FinancialDebenture3.6%
Tamilnadu State
OthersSDL3.0%
Jamnagar Utilities and Power Pvt. Ltd.Capital GoodsNCD3.0%
Power Finance Corporation Ltd.FinancialDebenture3.0%
Muthoot Finance Ltd.FinancialNCD3.0%
Housing Development Finance Corpn. Ltd.FinancialNCD3.0%
Kotak Mahindra Bank Ltd.
FinancialCD2.9%
See All

Pros and cons

Category: Debt Low Duration

Pros

3Y and 5Y annualised returns higher than category average
Higher alpha: 2.25 The fund has generated returns higher than benchmark - NIFTY Low Duration Debt Index B-I - in the last 3Y
Exit load is zero
Lower expense ratio: 0.36%
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 1.77%

Expense ratio, exit load and tax

Expense ratio: 0.31%

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 terms
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

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.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Launch Date
26 Apr 2019
Website
NA
Amc Image
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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FAQs

How to Invest in Mirae Asset Savings Fund Direct Plan Growth?

You can easily invest in Mirae Asset Savings Fund Direct Plan Growth 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 Growth 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 Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Mirae Asset Savings Fund Direct Plan Growth provide?

The Mirae Asset Savings Fund Direct Plan Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 3.32% since its inception.

How much expense ratio is charged by Mirae Asset Savings Fund Direct Plan Growth?

The term Expense Ratio used for Mirae Asset Savings Fund Direct Plan Growth 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 Growth is 0.31% as of 28 May 2022...

What is the AUM of Mirae Asset Savings Fund Direct Plan Growth?

The AUM, short for Assets Under Management of Mirae Asset Savings Fund Direct Plan Growth is ₹845.84Cr as of 28 May 2022.

How to Redeem Mirae Asset Savings Fund Direct Plan Growth?

If you want to sell your Mirae Asset Savings Fund Direct Plan Growth 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 Growth?

You can select either SIP or Lumpsum investment of Mirae Asset Savings Fund Direct Plan Growth based on your investment objective and risk tolerance.

What is the NAV of Mirae Asset Savings Fund Direct Plan Growth?

The NAV of Mirae Asset Savings Fund Direct Plan Growth is ₹1,967.89 as of 27 May 2022.

What is the PE and PB ratio of Mirae Asset Savings Fund Direct Plan Growth?

The PE ratio ratio of Mirae Asset Savings Fund Direct Plan Growth 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).

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