Fund Overview Growth | Direct Plan

  • Fund House

  • Launch Date

  • Benchmark

  • Minimum Investment (₹)

  • Minimum Addl Investment (₹)

  • Exit Load (%)

  • Minimum SIP Investment (₹)

  • Minimum STP Investment (₹)

  • Minimum SWP Investment (₹)

  • 52 Week Low Nav (₹)

  • 52 Week Low Nav Date

  • 52 Week High Nav (₹)

  • 52 Week High Nav Date

Fund Objective

The investment objective of the scheme is to seek to generate returns with a portfolio comprising of debt and money market instruments, such that Macaulay duration of the portfolio is between 6 months - 12 months. The Scheme does not guarantee any returns.

Fund Performance

Scheme Name 1-Month Return (%) 3-Month Return (%) 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Since Inception
Mirae Asset Savings Fund - Direct Plan - Growth 5.47 8.18 7.15 6.98 7.17 7.66
Crisil 1 Yr T-Bill Index N/A N/A N/A N/A N/A N/A
CRISIL Low Duration Debt Index N/A N/A N/A N/A N/A N/A

Returns upto 1 year is Annualised, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name Launch Date Ratings 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Expense Ratio (%) Assets (Cr.)
Mirae Asset Savings Fund - Direct Plan - Growth Jan 01, 2013 Unrated 7.15 6.98 7.17 0.27 677.38
HDFC Low Duration Fund-Direct Plan-Growth Jan 01, 2013 8.57 7.94 8.20 0.44 20,390.90
ICICI Prudential Savings Fund - Direct Plan - Growth Jan 01, 2013 Unrated 8.67 8.05 8.28 0.44 19,722.54
Aditya Birla Sun Life Low duration Fund - Growth - Direct Plan Jan 01, 2013 8.95 8.47 8.56 0.40 14,807.64
SBI MAGNUM LOW DURATION FUND - DIRECT PLAN - GROWTH Jan 01, 2013 8.00 7.86 7.88 0.40 10,361.17
Kotak Low Duration Fund- Direct Plan- Growth Option Jan 01, 2013 9.40 8.63 8.91 0.36 9,297.36

Fund Holdings as on 31-August-2020

  • Tri Party Repo

  • 91 Days Tbill (MD 03/09/2020)

  • 182 Days Tbill (MD 17/09/2020)

  • AU Small Finance Bank Limited (03/11/2020) ** #

  • ICICI Bank Limited (14/09/2020) ** #

  • Axis Bank Limited (30/10/2020) ** #

  • 6.18% Government of India (04/11/2024)

  • 8.25% L&T Finance Limited (24/01/2023) **

  • 8.71% HDB Financial Services Limited (17/05/2021) **

  • 8.75% Vedanta Limited (30/06/2022) **

  • 8.3% Reliance Industries Limited (08/03/2022) **

  • Net Receivables / (Payables)

  • 7.7% Larsen & Toubro Limited (28/04/2025) **

  • 7.24% REC Limited (31/12/2022) **

  • 7.05% Housing & Urban Development Corporation Limited (13/10/2022) **

  • 7% Reliance Industries Limited (31/08/2022) **

  • 8.45% L&T Finance Limited (23/12/2022) **

  • 9.5% Muthoot Finance Limited (14/06/2021) **

  • 8.75% Muthoot Finance Limited (19/06/2021) **

  • 7.6% Aditya Birla Housing Finance Limited (30/07/2021) **

  • 5.05% Indian Oil Corporation Limited (25/11/2022)

  • 6.78% Reliance Industries Limited (16/09/2020)

  • 7.17% National Highways Auth Of Ind (23/12/2021) **

  • Axis Finance Limited (03/08/2022) (ZCB) **

  • 6.99% Housing Development Finance Corporation Limited (13/02/2023)

  • 9.45% IndoStar Capital Finance Limited (12/09/2021) **

  • 7.4% LIC Housing Finance Limited (06/09/2024) **

  • 6.98% National Bank For Agriculture and Rural Development (19/09/2022) **

  • 7.25% Larsen & Toubro Limited (24/04/2023) **

  • 8.1% Tata Capital Housing Finance Limited (14/01/2023) **

  • 8.5% Small Industries Dev Bank of India (21/06/2021) **

  • 6.9% REC Limited (30/06/2022) **

  • 6.9423% Bajaj Housing Finance Limited (25/03/2022) **

  • 8.7% Housing Development Finance Corporation Limited (15/12/2020) **

  • 8.4% Larsen & Toubro Limited (24/09/2020) **

  • 7.55% REC Limited (26/09/2020) **

  • 9.1899% IndoStar Capital Finance Limited (27/03/2021) **

  • Edelweiss Rural & Corporate Services Limited (15/04/2021) (ZCB) **

  • 8.7% Reliance Industries Limited (16/07/2021) **

  • 8.35% REC Limited (11/03/2022) **

  • Bajaj Finance Limited (05/04/2022) (ZCB)

  • 9.75% Larsen & Toubro Limited (11/04/2022) **

  • 8.6% National Bank For Agriculture and Rural Development (31/01/2022) **

  • 8.58% Housing Development Finance Corporation Limited (18/03/2022) **

  • 8.4% Housing & Urban Development Corporation Limited (11/04/2022) **

  • 7.47% Power Finance Corporation Limited (16/09/2021) **

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  • Miscellaneous

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  • CARE A1+

  • CARE AA-

  • CARE AAA

  • Cash

  • CRISIL AA

  • CRISIL AA-

  • CRISIL AAA

  • ICRA A1+

  • ICRA AAA

  • SOVEREIGN

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About Mirae Asset Savings Fund

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Scheme Analysis

Mirae Asset Savings Fund is a Debt - Low Duration Fund fund and belongs to Mirae Asset Mutual Fund. It was launched on 01-Jan-2013 and currently has an AUM of ₹677.38 crore. Mirae Asset Savings Fund is benchmarked against Crisil 1 Yr T-Bill Index as primary index and CRISIL Low Duration Debt Index as secondary index.

The NAV of Mirae Asset Savings Fund ended up ₹0.15(0.01%)yesterday to ₹1848.3809.

Among its top 3 holdings the fund has exposure to Tri Party Repo, and

The Mirae Asset Savings Fund is managed by Mahendra Kumar Jajoo .

Fund House Contact

Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), Mumbai - 400 098

022-67800300
022-67253942