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3 star

Mirae Asset Savings Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.48 0.01 0.08 0.36 0.72 1.89 3.77 6.02 6.27 6.77 --
CCIL T Bill Liquidity Weight 1.85 0.00 0.04 0.19 0.43 1.06 2.01 3.22 3.53 3.99 --
Debt: Low Duration 4.29 0.02 0.07 0.34 1.32 2.56 4.72 5.02 5.78 6.61 --
Rank within category 19 14 9 8 18 17 20 14 15 14 --
Number of funds in category 24 24 24 24 24 24 24 24 23 21 0

As on 02-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mirae Asset Savings Fund - Direct Plan  | Invest Online
3 star
Jan-13 3.77 6.02 6.27 0.28% 1,047
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 4.50 7.37 7.21 0.40% 31,730
HDFC Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.66 7.41 7.15 0.44% 21,669
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.39 7.53 7.46 0.40% 17,415
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 4.37 7.57 7.63 0.41% 11,005

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.54 24-Mar-2020 - 31-Mar-2020 -1.16 03-Jun-2019 - 10-Jun-2019
Month 2.09 24-Mar-2020 - 23-Apr-2020 -1.01 25-Feb-2020 - 26-Mar-2020
Quarter 3.51 24-Mar-2020 - 24-Jun-2020 0.16 24-Dec-2019 - 24-Mar-2020
Year 9.07 26-Jul-2013 - 28-Jul-2014 3.71 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.88 1.27 1.65 2.20 1.05 2.73
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Low Duration 5.11 4.37 1.60 3.37 -0.78 0.85
Rank within category 14 12 14 13 15 14
Number of funds in category 24 24 24 24 24 24

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 54 65 54 60
Modified Duration (yrs) 0.51 0.82 0.51 --
Average Maturity (yrs) 0.55 0.91 0.55 --
Yield to Maturity (%) 4.12 4.19 3.81 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 9.75% Manappuram Finance 31/12/2021 Debenture AA 0.00 - 5.64 5.29
equal ICICI Securities 222-D 16/03/2022 Commercial Paper A1+ 0.00 - 4.97 4.70
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 3.44 - 4.17 3.91
equal 8.60% Tamilnadu State 2023 State Development Loan SOV 0.00 - 2.67 2.51
equal 7.35% Power Finance Corporation 22/11/2022 Debenture AAA 0.00 - 2.61 2.46
new 8.15% GOI 2022 Central Government Loan SOV 0.00 - 2.45 2.45
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 2.17 - 2.60 2.43
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 2.58 2.42
new 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 2.42 2.42
equal 4.95% HDFC 2022 Non Convertible Debenture AAA 0.00 - 2.55 2.39
equal 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 2.53 2.39
equal RBL Bank 2021 Certificate of Deposit A1+ 0.00 - 2.52 2.39
new National Bank Agr. Rur. Devp 89-D 25/01/2022 Commercial Paper A1+ 0.00 - 2.37 2.37
equal Reliance Industries 172-D 28/02/2022 Commercial Paper A1+ 0.00 - 2.50 2.36
equal SIDBI 18/03/2022 Commercial Paper A1+ 0.00 - 2.49 2.35
equal 8.93% Power Grid Corporation 20/10/2022 Bonds AAA 0.00 - 2.12 1.99
equal 8.75% Vedanta 30/06/2022 Non Convertible Debenture AA- 1.24 - 1.54 1.45
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 1.25 - 1.54 1.45
equal 6.99% Ultratech Cement 24/11/2021 Debenture AAA 0.00 - 1.53 1.44
equal L&T Finance 183-D 12/01/2022 Commercial Paper A1+ 0.00 - 1.50 1.42
equal Network 18 Media & Inv 364-D 25/02/2022 Commercial Paper A1+ 0.00 - 1.50 1.42
equal IDFC First Bank 14/03/2022 Certificate of Deposit A1+ 0.00 - 1.49 1.41
equal Network 18 Media & Inv 314-D 30/06/2022 Commercial Paper A1+ 0.00 - 1.47 1.39
equal 8.30% Reliance Industries 2022 Debenture AAA 1.07 - 1.28 1.20
equal L&T Infrastructre Finance 364-D 21/02/2022 Commercial Paper A1+ 0.00 - 1.25 1.18

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Oct-2021

Fund Manager

— Mahendra Kumar Jajoo since 08-Sep-2016

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:


0.01%

Change from previous, NAV as on 02-Dec-2021

Growth: ₹ 1,941.3820

IDCW Weekly: ₹ 1,454.6024

More

IDCW Quarterly: ₹ 1,008.3965

IDCW Monthly: ₹ 1,160.6409

IDCW Daily: ₹ 1,208.9337


Investment Strategy

The scheme aims to enhance income consistent with a high level of liquidity, through a judicious portfolio mix of money market and debt instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.19%
Benchmark: CRISIL Low Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,047 Cr (As on 31-Oct-2021)
Expense: 0.28% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily02-Dec-20210.1808

 01-Dec-20210.0563
 30-Nov-20210.1617
 29-Nov-20210.3801
 26-Nov-20210.2426
 25-Nov-20210.0833
 24-Nov-20210.0308
 23-Nov-20210.1344
 22-Nov-20210.4626
 18-Nov-20210.1206
 17-Nov-20210.0781
 16-Nov-20210.1579
 15-Nov-20210.3843
 12-Nov-20210.1217
 11-Nov-20210.0091
 10-Nov-20210.1568
 09-Nov-20210.3661
 08-Nov-20210.9720
 03-Nov-20210.2326
 02-Nov-20210.0889
 01-Nov-20210.2095
 25-Oct-20210.0767
 22-Oct-20210.0316
 21-Oct-20210.1731
 20-Oct-20210.0744
IDCW Weekly01-Dec-20211.1119

 24-Nov-20210.9004
 17-Nov-20210.9039
 10-Nov-20211.7993
 03-Nov-20210.8282
 27-Oct-20210.1493
 20-Oct-20210.6309
 13-Oct-20211.4853
 06-Oct-20210.5081
 22-Sep-20210.5438
 15-Sep-20210.7298
 08-Sep-20210.7528
 01-Sep-20211.6623
 25-Aug-20211.0723
 18-Aug-20212.3754
 11-Aug-20210.9474
 04-Aug-20211.0555
 28-Jul-20211.0738
 22-Jul-20212.0517
 14-Jul-20212.0188
 07-Jul-20211.2382
 30-Jun-20210.5524
 23-Jun-20210.7578
 16-Jun-20210.1815
 09-Jun-20211.7251
IDCW Monthly24-Nov-20213.3860

 25-Oct-20212.5776
 24-Sep-20212.8019
 24-Aug-20214.5763
 26-Jul-20215.0860
 24-Jun-20213.0525
 24-May-20214.0940
 26-Apr-20215.8171
 24-Mar-20214.2989
 24-Feb-20212.3028
 25-Jan-20211.8139
 24-Dec-20202.9097
 24-Nov-20205.6684
 26-Oct-20207.5926
 24-Sep-20205.3764
 24-Aug-20203.1621
 24-Jul-202015.2132
 24-Jun-20207.6448
 26-May-202010.1789
 24-Apr-20209.0161
 24-Feb-20206.4296
 24-Jan-20204.3317
 25-Nov-20195.3513
 24-Oct-20195.7145
 24-Sep-20193.2827
IDCW Quarterly18-Oct-202120.0000

 16-Jul-202125.0000
 19-May-202114.0000
 19-Oct-202022.0000
 15-Jul-202020.0000
 21-Apr-202012.0000
 15-Jan-202013.6861
 15-Oct-201914.4065
 15-Jul-201910.8048
 15-Apr-201928.4671
 15-Jan-201920.9974
 19-Oct-201812.3895
 16-Jul-201811.5252
 10-Apr-201813.5060
 10-Jan-201812.6396
 11-Oct-201712.2785
 10-Jul-201712.5880
 12-Apr-201725.6046
 13-Oct-201613.3764
 07-Jul-201613.1669
 11-Apr-201613.9614
 07-Jan-201612.6324
 07-Oct-201515.0953
 09-Jul-201514.3875
 07-Apr-201515.0159

Contact Information

AMC: Mirae Asset Investment Managers (India) Pvt. Ltd.

Address: Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai - 400098

Phone: 022-67800301 / 1800-2090-777

Email: [email protected]

Website: http://www.miraeassetmf.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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