Mirae Asset Savings Fund Direct Plan Growth

Mirae Asset Savings Fund Direct Plan Growth

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Debt
Direct
Low Duration

NAV: ₹ 2145.8 as on 29-09-2023

Fund Performance
zero opening, trading, fund transfer fee
20 people have invested ₹ 3.5L in Mirae Asset Savings Fund Direct Plan Growth in the last three months

Fund Insights

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Over the last 6 months, this fund has decreased expense ratio by 13.5% moving from 0.37 to 0.32.
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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.
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Over the last 3 months, this fund has experienced a 6.7% drop in AUM moving from 622.17 Cr to 580.6 Cr.
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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%.
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In the last 1 year, ICICI Prudential Savings Fund Direct Plan Growth has given 7.74% return, outperforming this fund by 0.62%.
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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

  1. 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.
  2. The fund has an expense ratio 0.3.

Mirae Asset Savings Fund Direct Plan Growth Overview

Expense ratio
Expense ratio
0.32%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹581 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
264.89%

Fund Distribution as on (31-Dec-69)

  • Debt & Cash 100%

Credit rating breakup

AAA
92.5%
AA
7.5%

Sector Allocation

Aug'23

Jul'23

Jun'23

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 & Cash

Debt Holdings41
Holdings
Weight%
1M Change
8.51% Govt Stock 2033
8.51% Govt Stock 2033
4.4%
0%
Reliance Retail Ventures Limited
Reliance Retail Ventures Limited
4.27%
0%
Muthoot Finance Limited
Muthoot Finance Limited
4.27%
0%
Motilal Oswal Finvest Limited
Motilal Oswal Finvest Limited
4.25%
100%
Bank Of Baroda
Bank Of Baroda
4.23%
0%

Mirae Asset Savings Fund Direct Plan Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69

AUM Change

Parameters
Aug'23
Jul'23
Jun'23
AUM
₹ 572.4 Cr
₹ 616.8 Cr
₹ 577.3 Cr
  • 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

Fund Highlights

Risk 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 6.93% since inception which is more than its category average return of 4.96%
AUM size ₹581 Cr

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%

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%