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Mirae Asset Savings Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : Low Duration Fund
  • NAV
    : ₹ 1907.9678 0.01%
    (as on 18th June, 2021)
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Crisil Rank
Below average performance among peers
Risk-O-Meter
Moderate

Fund has 72.19% investment in Debt of which 8.39% in Government securities, 63.81% in funds invested in very low risk securities..

Suitable For : Investors who want to invest for 1-3 years and are looking for alternative to bank deposits.

This Scheme
VS
  • CRISIL 10 Year Gilt Index
  • NA
  • NA
  • Gold
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Returns (NAV as on 18th June, 2021)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 11-Jun-21 9997.90 -0.02% - -0.00% 21/25
1 Month 18-May-21 10028.00 0.28% - 0.33% 16/26
3 Month 18-Mar-21 10124.50 1.24% - 1.33% 18/26
6 Month 18-Dec-20 10185.40 1.85% - 2.07% 22/26
YTD 01-Jan-21 10167.40 1.67% - 1.89% 21/26
1 Year 18-Jun-20 10549.40 5.49% 5.49% 7.66% 14/26
2 Year 18-Jun-19 11309.10 13.09% 6.34% 5.38% 18/26
3 Year 18-Jun-18 12103.70 21.04% 6.56% 5.41% 14/25
5 Year 17-Jun-16 13846.10 38.46% 6.72% 6.23% 16/24
Since Inception 02-Jan-13 18259.00 82.59% 7.37% 7.42% 17/25

SIP Returns (NAV as on 18th June, 2021)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 18-Jun-20 12000 12285.4 2.38 % 4.43 %
2 Year 18-Jun-19 24000 25426.53 5.94 % 5.65 %
3 Year 18-Jun-18 36000 39452.19 9.59 % 6.03 %
5 Year 17-Jun-16 60000 70505.13 17.51 % 6.39 %
 

Tax Treatment

Portfolio (Updated on 31st May,2021)

No of Debt Holding 60 (Category Avg - 60.54) | Modified Duration 0.68 Years (Category Avg - 0.75)| Yield to Maturity 3.85% (Category Avg - 4.43%)

Type of Holdings

Security Type
% Weight
Category Average
GOI 6.15% 16.51%
CD 9.39% 6.67%
T-Bills 2.24% 5.83%
NCD & Bonds 33.38% 44.76%
CP 21.04% 11.54%
PTC 0.00% 0.53%

Investment / Portfolio Grades

Security Type
% Weight
Category Average
Government Backed 8.39% 22.34%
Low Risk 63.81% 59.67%
Moderate Risk 0.00% 0.00%
High Risk 0.00% 0.00%
Very High Risk 0.00% 0.00%
Others 0.00% 0.00%
Name Type of Instrument Weight (%)
TREPS TREPS 26.40%
Net Receivables Net Receivables 1.40%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st May, 2021)

  • Standard Deviation

    Low volatility
    0.66vs2.75
    Category Avg
  • Beta

    Low volatility
    0.97vs1.37
    Category Avg
  • Treynor's Ratio

    Poor risk adjusted returns
    0.02vs2.7
    Category Avg
  • Jension's Alpha

    Poor risk adjusted returns
    -0.42vs0.34
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Baroda Treasury Advantage Fund - Plan B (Direct) - Growth 1 33.54 0.28 1.55 2.66 36.50 -8.40
JM Low Duration Fund - (Direct) - Growth 3 128.46 0.26 1.04 1.61 24.75 5.67
HSBC Low Duration Fund - Direct Plan - Growth 3 213.87 0.28 1.40 1.97 13.23 2.76
Franklin India Low Duration Fund - Direct - Growth 1 572.11 0.88 2.39 4.95 13.17 5.69
Principal Low Duration Fund - Direct Plan - Growth 2 70.04 0.28 1.19 1.91 9.96 -0.29
L&T Low Duration Fund - Direct Plan - Growth 3 814.63 0.29 1.32 2.07 7.68 6.47
HDFC Low Duration Fund - Direct Plan - Growth 3 24543.09 0.45 1.62 2.24 6.76 7.91
Nippon India Low Duration Fund - Direct Plan - Growth 3 9136.60 0.43 1.74 2.56 6.54 7.42
LIC MF Savings Fund - Direct Plan - Growth 5 1210.38 0.27 1.18 2.41 6.32 6.09
ICICI Prudential Savings Fund - Direct Plan - Growth 4 30234.06 0.45 1.50 1.91 6.28 7.86

More Funds from Mirae Asset Mutual Fund

Out of 23 mutual fund schemes offered by this AMC, 2 is/are ranked 5 * , 1 is/are ranked 4 * , 3 is/are ranked 3 * , 2 is/are ranked 2 * , and 15 schemes are not ranked. See more about AMC

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Mirae Asset Large Cap Fund - Direct Plan - Growth 3 25721.43 4.89 8.90 16.13 57.40 15.46
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth 5 17892.20 4.32 11.75 24.55 73.53 21.70
Mirae Asset Tax Saver Fund - Direct Plan - Growth 5 7939.53 4.79 11.22 23.14 73.90 21.00
Mirae Asset Focused Fund - Direct Plan - Growth NA 6176.78 5.27 9.25 21.91 71.20 0.00
Mirae Asset Hybrid - Equity - Direct Plan - Growth 4 5150.16 3.97 8.59 15.12 45.92 15.75
Mirae Asset Midcap Fund - Direct Plan - Growth NA 5002.36 5.05 14.44 31.47 90.99 0.00
Mirae Asset Cash Management Fund - Direct Plan - Growth 3 4089.79 0.28 0.85 1.66 3.38 5.51
Mirae Asset Healthcare Fund - Direct Plan - Growth NA 1595.42 2.84 21.23 16.22 56.31 0.00
Mirae Asset Great Consumer Fund - Direct Plan - Growth NA 1271.20 5.06 11.28 19.36 57.46 15.08
Mirae Asset Savings Fund - Direct Plan - Growth 2 1089.55 0.28 1.25 1.85 5.49 6.56

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