Mirae Asset Savings Fund Direct Plan Growth
Debt
Direct
Low Duration
NAV: ₹ 2145.8 as on 29-09-2023
Fund Performance
20 people have invested ₹ 3.5L in Mirae Asset Savings Fund Direct Plan Growth in the last three months
Fund Insights
Over the last 6 months, this fund has decreased expense ratio by 13.5% moving from 0.37 to 0.32.
In the last 3 years, UTI - Treasury Advantage Fund - Direct Plan - Growth Option has given 6.84% return, outperforming this fund by 1.76% per annum.
Over the last 3 months, this fund has experienced a 6.7% drop in AUM moving from 622.17 Cr to 580.6 Cr.
This fund has one of the lowest expense ratio in the category (low duration). Its expense ratio is 0.32% which is lower than the category average expense ratio of 0.65%.
In the last 1 year, ICICI Prudential Savings Fund Direct Plan Growth has given 7.74% return, outperforming this fund by 0.62%.
In the last 5 years, Aditya Birla Sun Life Low Duration Direct Plan Growth has given 7.09% return, outperforming this fund by 1.09% per annum.
About the Fund
Mirae Asset Savings Fund Direct Plan Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by . This fund is suitable to keep your money safe.
Key Parameters
- Mirae Asset Savings Fund Direct Plan Growth has ₹581 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Mirae Asset Savings Fund Direct Plan Growth Overview
 | 0.32% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹581 Cr |
 | 1 January, 2013 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 264.89% |
Fund Distribution as on (31-Dec-69)
Credit rating breakup
AAA
92.5%
AA
7.5%
Sector Allocation
Corporate
52.4%
Government
27.5%
Cash Equivalent
20.1%
Top Holdings of Mirae Asset Savings Fund Direct Plan Growth as on (31-Aug-23)
Debt Holdings41
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 8.51% Govt Stock 2033 | 4.4% | 0% | |
Reliance Retail Ventures Limited | 4.27% | 0% | |
Muthoot Finance Limited | 4.27% | 0% | |
Motilal Oswal Finvest Limited | 4.25% | 100% | |
Bank Of Baroda | 4.23% | 0% |
See all
Mirae Asset Savings Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 572.4 Cr as of Aug'23
- AUM decreased by 44.4 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Peer Analysis
Fund Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 6.93% since inception which is more than its category average return of 4.96%
AUM size ₹581 Cr
This fund has AUM of ₹581 Cr which is less than its category average of ₹ 4118 Cr
Expense Ratio 0.32%
This fund has an expense ratio of 0.32% which is less than its category average expense ratio of 0.65%
Frequently Asked Questions
The current NAV of Mirae Asset Savings Fund Direct Plan Growth is ₹2145.81 as on 29-Sep-2023.
Existing (Absolute + CAGR) as on 29-Sep-2023.
Mirae Asset Savings Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.58% | 0.58% |
6 Month Returns | 3.74% | 3.74% |
1 Year Returns | 7.12% | 7.12% |
3 Years Returns | 16.05% | 5.09% |
5 Years Returns | 33.79% | 5.99% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.32% as on August 2023
₹581 Cr as on August 2023
8.51% Govt Stock 2033(4.4%), Muthoot Finance Limited(4.27%), Reliance Retail Ventures Limited(4.27%), Motilal Oswal Finvest Limited(4.25%), Bank Of Baroda(4.23%) as on August 2023
Corporate(54.86%), Government(27.16%), Cash Equivalent(17.98%) as on August 2023
Yield to Maturity is 7.45 as on August 2023. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.77 as on August 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 92.46 |
AA | 7.54 |
The Exit load of Mirae Asset Savings Fund Direct Plan Growth is 0%