Mirae Asset Savings Fund Direct Plan Growth+0.04%

3Groww
7.36%
1 Year Return
Debt
Low Duration
3.0 star
6M
1Y
3Y
5Y
All

Fund Details

Mirae Asset Savings Fund Direct Plan Growth

RiskVery Low
Min SIP Amount₹1000
Expense Ratio0.13%
NAV1695.39 (08 Jul 2019)
Fund Started31 Dec 2012
Fund Size572 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Mirae Asset Savings Fund Direct Plan Growth
7.4%
7.0%
7.5%
7.8%
Category Average
NA
NA
NA
-
Rank within category
NA
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with 7.4% annual returns

    Comparison

    Data not available
    Pros
    Found nothing so far.
    Cons
    Found nothing so far.

    Top Holdings

    NameSectorInstrument% Assets
    7.72 Indian Railway Finance Corporation Ltd. Jun 7 2019 Financial ServicesDebentures7.0%
    8.1 Reliance Jio Infocomm Ltd. Apr 29 2019 TelecomDebentures7.0%
    7.8 Power Finance Corporation Ltd. Jun 7 2019 Financial ServicesDebentures7.0%
    7.6 Piramal Enterprises Ltd Mar 15 2019 PharmaDebentures7.0%
    Housing Development Finance Corporation Ltd. (362D)Financial ServicesCP6.9%
    Edelweiss Commodities Services Ltd (364D)ServicesCP6.8%
    Axis Bank Ltd.Financial ServicesCD6.7%
    Small Industries Development Bank of India Ltd.Financial ServicesCD6.7%
    AU Small Finance Bank Ltd.Financial ServicesCD6.4%
    HDFC Credila Financial Services Pvt Ltd (365D)Financial ServicesCP6.4%
    See All

    Fund Managers

    addMahendra Kumar Jajoo
    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 Pramerica Asset Managers Private Ltd., Tata Asset Management Company, ABN Amro Asset Management Company and ABN Amro Securities India Pvt. Ltd. and ICICI Group.
    Funds Managed

    Other Details

    Mirae Asset Savings Fund Direct Plan Growth is a Debt Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was introduced to investors on 31 Dec 2012. Mahendra Jajoo is the Current Fund Manager of Mirae Asset Savings Fund Direct Plan Growth.The fund currently has an Asset Under Management(AUM) of ₹572 Cr and the Latest NAV as of 08 Jul 2019 is ₹1695.39.

    The Mirae Asset Savings Fund Direct Plan Growth is rated Very Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Nil.

    Investment Objective

    The investment objective of the scheme is to seek to generate returns with low volatility and higher liquidity through a portfolio of debt and money market instruments. The scheme does not guarantee any returns.

    Tax Implications

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Nil
    Exit Load

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    About Mirae Asset Mutual Fund

    Address
    Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), MUMBAI 400098
    Phone
    022-67800300
    Launch Date
    29 Nov 2007
    Mirae Asset Mutual Fund
    Asset Management Company
    Custodian
    Deutsche Bank
    Registrar & Transfer Agent
    Karvy
    Address
    NA
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