Mirae Asset Savings Fund Direct Plan Dividend Monthly+0.01%

3Groww
7.57%
1 Year Return
Debt
Low Duration
3.0 star
6M
1Y
3Y
5Y
All

Fund Details

Mirae Asset Savings Fund Direct Plan Dividend Monthly

RiskModerately Low
Min SIP Amount₹1000
Expense Ratio0.19%
NAV1166.07 (21 Nov 2019)
Fund Started01 Jan 2013
Fund Size529 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Mirae Asset Savings Fund Direct Plan Dividend Monthly
7.6%
6.9%
7.4%
7.7%
Category Average
3.0%
5.4%
6.5%
-
Rank within category
14
15
14
-
*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 7.6% annual returns

    Comparison

    Data not available
    Pros
    1. Lower expense ratio
    2. Exit load is zero
    Cons
    1. Risk is higher compared to the benchmark
    2. 5Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Credila Financial Services Pvt. Ltd.FinancialCP5.2%
    National Bank For Agriculture & Rural DevelopmentFinancialNCD4.8%
    Housing Development Finance Corpn. Ltd.FinancialDebenture4.8%
    AU Small Finance Bank Ltd.FinancialCD4.7%
    Small Industries Devp. Bank of India Ltd.FinancialCP4.7%
    Kotak Mahindra Investments Ltd.FinancialCP4.7%
    Punjab National BankFinancialCD4.6%
    Small Industries Devp. Bank of India Ltd.FinancialSecuritised Debt4.6%
    Bank Of BarodaFinancialCD4.6%
    National Bank For Agriculture & Rural DevelopmentFinancialCD4.6%
    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

    Other Details

    Mirae Asset Savings Fund Direct Plan Dividend Monthly is a Debt Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Mahendra Jajoo is the Current Fund Manager of Mirae Asset Savings Fund Direct Plan Dividend Monthly.The fund currently has an Asset Under Management(AUM) of ₹529 Cr and the Latest NAV as of 21 Nov 2019 is ₹1166.07.

    The Mirae Asset Savings Fund Direct Plan Dividend Monthly is rated Moderately Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Nil.

    Investment Objective

    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.

    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
    29 Nov 2007
    Mirae Asset Mutual Fund
    Asset Management Company
    Custodian
    Deutsche Bank
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
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