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3 star

Mirae Asset Savings Fund - Regular Savings Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.03 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 2.54 0.01 0.03 0.13 0.75 1.71 3.32 5.56 5.71 6.08 --
CCIL T Bill Liquidity Weight 1.61 -0.01 -0.03 0.11 0.50 1.06 2.04 3.32 3.61 4.05 --
Debt: Low Duration 3.49 0.01 0.04 0.74 1.43 2.49 4.46 4.75 5.47 6.25 --
Rank within category 22 8 15 19 21 20 21 15 17 17 --
Number of funds in category 24 24 24 24 24 24 24 24 23 21 19

As on 21-Oct-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 - Regular Savings Plan  | Invest Online
3 star
Mar-08 3.32 5.56 5.71 0.93% 987
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 5.07 7.55 7.34 0.52% 28,496
HDFC Low Duration Fund  | Invest Online
4 star
Nov-99 4.48 6.98 6.69 1.04% 22,082
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
May-98 3.89 6.89 6.74 1.22% 17,539
Axis Treasury Advantage Fund
4 star
Oct-09 4.01 6.99 6.86 0.61% 10,509

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 3.42 13-Oct-2020 - 13-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.55 1.27 1.26 1.62 1.05 2.24
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Low Duration 4.96 4.36 1.42 2.87 -0.67 0.61
Rank within category 16 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-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 54 65 52 60
Modified Duration (yrs) 0.57 0.87 0.57 0.67
Average Maturity (yrs) 0.61 0.98 0.61 0.98
Yield to Maturity (%) 4.04 4.19 3.81 4.46
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 5.64
equal ICICI Securities 222-D 16/03/2022 Commercial Paper A1+ 0.00 - 4.97 4.97
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 3.10 - 4.17 4.17
equal 8.60% Tamilnadu State 2023 State Development Loan SOV 0.00 - 2.67 2.67
new 7.35% Power Finance Corporation 22/11/2022 Debenture AAA 0.00 - 2.61 2.61
new 7.09% REC 17/10/2022 Debenture AAA 0.00 - 2.60 2.60
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 2.17 - 3.12 2.59
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 2.58 2.58
equal 4.95% HDFC 2022 Non Convertible Debenture AAA 0.00 - 2.55 2.55
equal 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 2.53 2.53
equal RBL Bank 2021 Certificate of Deposit A1+ 0.00 - 2.52 2.52
equal Aditya Birla Finance 311-D 31/12/2021 Commercial Paper A1+ 0.00 - 2.51 2.51
new Reliance Industries 172-D 28/02/2022 Commercial Paper A1+ 0.00 - 2.50 2.50
equal SIDBI 18/03/2022 Commercial Paper A1+ 0.00 - 2.49 2.49
equal 8.93% Power Grid Corporation 20/10/2022 Bonds AAA 0.00 - 2.12 2.12
equal 8.75% Vedanta 30/06/2022 Non Convertible Debenture AA- 1.24 - 1.68 1.54
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 1.25 - 1.80 1.54
equal 6.99% Ultratech Cement 24/11/2021 Debenture AAA 0.00 - 1.53 1.53
equal L&T Finance 183-D 12/01/2022 Commercial Paper A1+ 0.00 - 1.50 1.50
equal Network 18 Media & Inv 364-D 25/02/2022 Commercial Paper A1+ 0.00 - 1.50 1.50
equal IDFC First Bank 14/03/2022 Certificate of Deposit A1+ 0.00 - 1.49 1.49
equal Network 18 Media & Inv 314-D 30/06/2022 Commercial Paper A1+ 0.00 - 1.47 1.47
equal Export-Import Bank 2022 Certificate of Deposit A1+ 0.00 - 1.47 1.47
equal 8.30% Reliance Industries 2022 Debenture AAA 1.07 - 1.54 1.28
equal L&T Infrastructre Finance 364-D 21/02/2022 Commercial Paper A1+ 0.00 - 1.25 1.25

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 30-Sep-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 21-Oct-2021

Growth: ₹ 1,817.0725

IDCW Weekly: ₹ 1,106.7737

More

IDCW Quarterly: ₹ 1,004.7352

IDCW Monthly: ₹ 1,088.9358

IDCW Daily: ₹ 1,005.1646


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: 05-Mar-2008
Return Since Launch: 6.61%
Benchmark: CRISIL Low Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 987 Cr (As on 30-Sep-2021)
Expense: 0.93% (As on 30-Sep-2021)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily20-Oct-20210.0264

 18-Oct-20210.1726
 14-Oct-20210.1128
 13-Oct-20210.1766
 12-Oct-20210.1831
 11-Oct-20210.2925
 08-Oct-20210.1884
 04-Oct-20210.0656
 21-Sep-20210.0467
 20-Sep-20210.2017
 17-Sep-20210.0363
 16-Sep-20210.0678
 15-Sep-20210.0485
 13-Sep-20210.2468
 09-Sep-20210.0859
 08-Sep-20210.0391
 07-Sep-20210.0032
 06-Sep-20210.1978
 03-Sep-20210.0440
 02-Sep-20210.1137
 01-Sep-20210.3347
 31-Aug-20210.1130
 30-Aug-20210.3850
 27-Aug-20210.1021
 26-Aug-20210.0904
IDCW Weekly20-Oct-20210.3439

 13-Oct-20210.9938
 06-Oct-20210.1135
 22-Sep-20210.2780
 15-Sep-20210.4195
 08-Sep-20210.4378
 01-Sep-20211.1293
 25-Aug-20210.6809
 18-Aug-20211.6709
 11-Aug-20210.5839
 04-Aug-20210.6662
 28-Jul-20210.7000
 22-Jul-20211.4052
 14-Jul-20211.3992
 07-Jul-20210.8052
 30-Jun-20210.2834
 23-Jun-20210.4398
 16-Jun-20210.0011
 09-Jun-20211.1751
 02-Jun-20210.2482
 27-May-20210.9921
 19-May-20210.5532
 12-May-20210.6346
 05-May-20210.9162
 28-Apr-20211.4664
IDCW Quarterly18-Oct-202115.0000

 16-Jul-202126.0000
 19-May-202116.0000
 19-Oct-202020.0000
 15-Jul-202018.0000
 21-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
IDCW Monthly24-Sep-20212.0410

 24-Aug-20213.7288
 26-Jul-20214.1534
 24-Jun-20212.2694
 24-May-20213.2974
 26-Apr-20214.7996
 24-Mar-20213.4761
 24-Feb-20211.5903
 25-Jan-20211.1062
 24-Dec-20202.1607
 24-Nov-20204.7565
 26-Oct-20206.5808
 24-Sep-20204.5062
 24-Aug-20202.4199
 24-Jul-202013.7550
 24-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

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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