Mirae Asset Savings Fund Direct Plan Growth
Mirae Asset Savings Fund Direct Plan Growth

Mirae Asset Savings Fund Direct Plan Growth

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Debt
Direct
Low Duration

NAV: ₹ 2026.1 as on 02-12-2022

Fund Performance
zero opening, trading, fund transfer fee
29 people have invested ₹ 11.7L in mutual fund in the last three months

Fund Performance

Return
1M
3M
6M
1Y
3Y
5Y
This Fund
0.6%
1.3%
2.9%
4.4%
5%
5.8%
Benchmark
0.5%
1.2%
2.6%
3.9%
5%
4.6%
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 Mahendra Jajoo, Kruti Chheta. This fund is suitable to keep your money safe.

Key parameters

1) Mirae Asset Savings Fund Direct Plan Growth has a NAV of 2026.0751 as on 02-12-2022.

2) Mirae Asset Savings Fund Direct Plan Growth has 605 Cr worth of assets under management (AUM) as on 31-10-2022 and is less than category average.

3) The fund has an expense ratio 0.36 %.

Fund Overview

Expense ratio
Expense ratio
0.36%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹605 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
194.08%

Fund Distribution

  • Debt & Cash 100%
Credit rating breakup
AAA
85.4%
AA
14.6%

Sector Allocation

Oct'22

Sep'22

Aug'22

Corporate

43.3%

Government

29.8%

Cash Equivalent

26.9%

Top Holdings

  • All
  • Debt & Cash
Total Holdings36
Debt Holdings36
Holdings
Weight%
Holdings Trend
1M Change
icon
National Bank For Agriculture And Rural Development
5.65%
0%
icon
Shriram Transport Finance Company Limited
4.98%
0%
icon
08.60 Tn SDL 2023
4.16%
0%
icon
Jamnagar Utilities & Power Private Limited
4.13%
0%
icon
Reliance Retail Ventures Limited
4.09%
0%

What changed

in last one month
  • Scheme
  • Portfolio
AUM decreased by 7.1 Cr in last 1M
Oct'22 return outperformed benchmark

Change in AUM

Oct'22
₹ 662.8 Cr
Sep'22
₹ 669.9 Cr
Aug'22
₹ 692.8 Cr

Fund Returns vs Benchmark

Oct'22
0.54%
0.46%
Sep'22
0.30%
0.26%
Aug'22
0.57%
0.53%
Fund Return
Benchmark Return

Fund Manager

Mahendra Jajoo

Mahendra Jajoo

Managing this fund since 8 September 2016

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset Savings Fund Direct Plan Growth
5%
5.03%
Mirae Asset Equity Savings Fund Direct Growth
12.72%
9.05%
Mirae Asset Hybrid Equity Fund -Direct Plan-Growth
15.72%
15.24%
Kruti Chheta

Kruti Chheta

Managing this fund since 22 August 2022

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset Savings Fund Direct Plan Growth
5%
5.03%

AMC details

Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Fund House
Mirae Asset Investment Managers (India) Private Limited

Fund Highlights

meter
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Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 6.91% since inception which is more than its category average return of 4.93%
AUM size ₹605 Cr

AUM size ₹605 Cr

This fund has AUM of ₹605 Cr which is less than its category average of ₹ 3643 Cr
Expense Ratio 0.36%

Expense Ratio 0.36%

This fund has an expense ratio of 0.36% 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 2026.08.
Existing (Absolute + CAGR)
Mirae Asset Savings Fund Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.63%
0.63%
6 Month Returns
2.9%
2.9%
1 Year Returns
4.36%
4.36%
3 Years Returns
15.76%
5%
5 Years Returns
32.8%
5.84%
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.
0.36 as on November 2022
605 Cr as on November 2022
7.27
0.58
AAA
85.43
AA
14.57
Mahendra Jajoo,Kruti Chheta are the fund managers of Mirae Asset Savings Fund Direct Plan Growth
The Exit load of Mirae Asset Savings Fund Direct Plan Growth is 0%

Mutual Fund execution provided by

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.