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3 star

Mirae Asset Savings Fund - Regular Savings Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 4.29 0.05 0.62 1.40 2.91 4.08 7.19 6.39 6.51 6.89 --
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 4.14 4.32 4.70 --
Debt: Low Duration 3.24 0.03 1.36 2.28 2.86 3.01 6.17 4.99 6.05 6.73 --
Rank within category 18 2 6 10 17 17 19 15 17 15 --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 17

As on 09-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mirae Asset Savings Fund - Regular Savings Plan  | Invest Online
3 star
Mar-08 7.19 6.39 6.51 0.85 487
ICICI Prudential Savings Fund  | Invest Now
4 star
Sep-02 9.22 8.06 8.27 0.50 18,250
SBI Magnum Low Duration Fund  | Invest Online
5 star
Jul-07 8.44 7.75 7.83 1.04 8,727
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 9.36 7.93 8.22 1.07 5,969
Axis Treasury Advantage Fund  | Invest Online
5 star
Oct-09 8.93 7.96 7.93 0.58 4,955

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.53 (24-Mar-2020 - 31-Mar-2020) -4.98 (08-Oct-2008 - 16-Oct-2008)
Month 2.04 (24-Mar-2020 - 23-Apr-2020) -4.86 (16-Sep-2008 - 16-Oct-2008)
Quarter 3.36 (24-Mar-2020 - 24-Jun-2020) -3.46 (17-Jul-2008 - 16-Oct-2008)
Year 8.35 (06-Jul-2012 - 08-Jul-2013) 3.77 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.04 1.19 0.62 0.68 1.08 2.07
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Low Duration 4.56 3.72 0.95 1.91 0.20 -0.50
Rank within category 14 12 14 14 22 13
Number of funds in category 25 25 25 25 25 25

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 41 48 41 46
Modified Duration (yrs) 0.79 0.93 0.67 --
Average Maturity (yrs) 0.90 1.05 0.79 --
Yield to Maturity (%) 5.76 7.54 5.76 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Godrej Properties 182-D 17/08/2020 Commercial Paper A1+ 0.00 - 7.07 7.07
equal AU Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 7.02 7.02
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 3.91 - 5.13 5.13
equal ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 5.09 5.09
equal Axis Bank 30/10/2020 Certificate of Deposit A1+ 0.00 - 5.06 5.06
equal 8.71% HDB Financial Services 17/05/2021 Bonds/NCDs AAA 3.25 - 4.19 4.19
equal 8.25% L&T Finance 24/01/2023 Debenture AAA 0.00 - 4.16 4.16
equal 7.70% REC 15/03/2021 Bonds/NCDs AAA 0.00 - 3.14 3.14
equal 8.75% Vedanta 30/06/2022 Non Convertible Debenture AA 0.00 - 2.84 2.84
equal HUDCO 13/10/2022 Debenture AAA 0.00 - 2.13 2.13
equal 8.45% L&T Finance 23/12/2022 Debenture AAA 0.00 - 2.09 2.09
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 2.08 2.08
equal 6.78% Reliance Industries 16/09/2020 Non Convertible Debenture AAA 1.60 - 2.07 2.07
equal 8.75% M&M Financial Services 20/07/2020 Debenture AAA 1.61 - 2.06 2.06
equal 7.60% Aditya Birla Housing Finance 30/07/2021 Bonds AAA 1.58 - 2.06 2.06
equal 9.50% Muthoot Finance 14/06/2021 Debenture AA 1.60 - 2.05 2.05
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 0.00 - 2.04 2.04
up 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.41 - 1.67 1.67
equal Axis Finance 2022 Debenture AAA 0.00 - 1.57 1.57
equal 6.99% HDFC 13/02/2023 Debenture AAA 0.00 - 1.45 1.45
equal 9.45% Indostar Capital Finance 2021 Non Convertible Debenture AA- 0.00 - 1.20 1.20
equal 8.50% SIDBI 21/06/2021 Debenture AAA 0.82 - 1.07 1.07
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 1.07 1.07
equal 8.70% HDFC 15/12/2020 Debenture AAA 0.81 - 1.05 1.05
equal 7.40% LIC Housing Fin. 2024 Debenture AAA 0.00 - 1.05 1.05

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-May-2020

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:


0.05%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 1,732.3056

Dividend Weekly: ₹ 1,107.1935

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Dividend Quarterly: ₹ 1,034.8070

Dividend Monthly: ₹ 1,097.3940

Dividend Daily: ₹ 1,009.6473


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 (₹) --
Exit Load 0

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 05-Mar-2008
Return Since Launch: 7.07%
Benchmark: CRISIL Low Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 487 Cr (As on 31-May-2020)
Expense: 0.85% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily08-Jul-20204.4494

 07-Jul-20200.1975
 06-Jul-20200.5064
 03-Jul-20200.1875
 02-Jul-20200.3060
 01-Jul-20200.2072
 30-Jun-20200.1703
 29-Jun-20200.4697
 26-Jun-20200.1729
 25-Jun-20200.1076
 24-Jun-20200.1604
 23-Jun-20200.1496
 22-Jun-20200.4674
 19-Jun-20200.1747
 18-Jun-20200.1001
 16-Jun-20200.3545
 15-Jun-20200.8741
 12-Jun-20200.2520
 09-Jun-20200.2772
 08-Jun-20200.2044
 05-Jun-20200.0807
 04-Jun-20200.0742
 03-Jun-20200.2253
 02-Jun-20200.2214
 01-Jun-20200.4870
Dividend Weekly08-Jul-20206.8040

 01-Jul-20203.0595
 24-Jun-20202.5672
 17-Jun-20203.0906
 03-Jun-20200.2719
 27-May-20203.9478
 20-May-20203.3473
 13-May-20201.7086
 22-Apr-20204.3374
 03-Apr-20201.9524
 04-Mar-20201.4342
 26-Feb-20200.7625
 20-Feb-20200.8527
 12-Feb-20202.2191
 05-Feb-20201.0259
 29-Jan-20201.1952
 22-Jan-20201.1316
 15-Jan-20200.4562
 04-Dec-20190.9915
 27-Nov-20190.9734
 20-Nov-20191.2800
 13-Nov-20190.7949
 06-Nov-20190.7638
 30-Oct-20191.3834
 23-Oct-20190.8907
Dividend Monthly24-Jun-20206.6803

 26-May-20209.0896
 24-Apr-20207.5051
 24-Feb-20205.1785
 24-Jan-20203.3337
 25-Nov-20194.6313
 24-Oct-20195.0039
 24-Sep-20192.7252
 26-Aug-20196.2602
 24-Jul-20196.2116
 24-Jun-20192.4567
 24-May-20195.3779
 24-Apr-20194.5381
 25-Mar-20195.6782
 25-Feb-20194.3748
 24-Jan-20196.2255
 24-Dec-20185.6553
 26-Nov-20185.6697
 24-Oct-20185.1724
 24-Sep-20180.8788
 24-Aug-20184.7858
 24-Jul-20184.4999
 25-Jun-20185.7127
 24-May-20181.6784
 24-Apr-20184.1829
Dividend Quarterly21-Apr-202010.0000

 15-Jan-202010.8048
 15-Oct-201910.8048
 15-Jul-20193.6016
 15-Apr-201918.5051
 15-Jan-201920.4932
 19-Oct-201811.1650
 16-Jul-201811.2730
 10-Apr-201813.1099
 10-Jan-201811.5562
 11-Oct-201711.1951
 10-Jul-201710.9634
 12-Apr-201722.2487
 13-Oct-201612.3002
 07-Jul-201612.3580
 11-Apr-201612.5241
 07-Jan-201610.9279
 07-Oct-201513.2897
 09-Jul-201512.6107
 07-Apr-201513.2391
 08-Jan-201513.9293
 07-Oct-201413.9439
 09-Jul-201415.4763
 09-Apr-201415.9361
 09-Jan-201415.4685

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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