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Mirae Asset Savings Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : Low Duration Fund
  • NAV
    : ₹ 1990.0891 0.04%
    (as on 08th August, 2022)
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Crisil Rank
Average performance among peers
Risk-O-Meter
Moderate

The fund has 90.53% investment in Debt, of which 11.14% in Government securities, 79.4% is in 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 08th August, 2022)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 01-Aug-22 10008.40 0.08% - 0.04% 10/24
1 Month 08-Jul-22 10046.60 0.47% - 0.45% 7/24
3 Month 06-May-22 10133.10 1.33% - 1.30% 7/24
6 Month 08-Feb-22 10194.10 1.94% - 1.94% 8/23
YTD 31-Dec-21 10225.80 2.26% - 2.35% 10/23
1 Year 06-Aug-21 10369.40 3.69% 3.67% 4.48% 12/23
2 Year 07-Aug-20 10831.20 8.31% 4.07% 4.76% 16/23
3 Year 08-Aug-19 11624.90 16.25% 5.14% 5.78% 19/23
5 Year 08-Aug-17 13278.20 32.78% 5.83% 5.77% 15/23
Since Inception 02-Jan-13 19044.90 90.45% 6.94% 7.26% 17/23

SIP Returns (NAV as on 08th August, 2022)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 06-Aug-21 12000 12249.4 2.08 % 3.86 %
2 Year 07-Aug-20 24000 24974.42 4.06 % 3.87 %
3 Year 08-Aug-19 36000 38540.66 7.06 % 4.48 %
5 Year 08-Aug-17 60000 68556.78 14.26 % 5.27 %
 

Tax Treatment

If sold after 3 years from purchase date, long term capital gain tax will be applicable. Current tax rate is the lower of (a) 10% of profit or (b) 20% of profit adjusted after indexation benefits. Any cess/surcharge is not included.|If sold before 3 years from purchase date, short term capital gain tax will be applicable. Any profit will be clubbed with your income and taxed at your effective tax rate.

Portfolio (Updated on 30th Jun,2022)

No of Debt Holding 36 (Category Avg - 52.08) | Modified Duration 0.68 Years (Category Avg - 0.58)| Yield to Maturity 5.74% (Category Avg - 6.02%)

Type of Holdings

Security Type
% Weight
Category Average
GOI 9.71% 12.02%
CD 22.48% 17.92%
T-Bills 1.43% 7.06%
NCD & Bonds 46.18% 49.30%
CP 10.74% 13.43%
PTC 0.00% 0.25%

Investment / Portfolio Grades

Security Type
% Weight
Category Average
Government Backed 11.14% 19.08%
Low Risk 79.40% 72.92%
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 7.12%
Net Receivables Net Receivables 2.35%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 01st January, 1970)

    No data available. Ratios are only available for the funds which are 3 years old.

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Franklin India Low Duration Fund - Direct - Growth 1 50.90 0.62 1.33 4.47 17.48 8.12
UTI Treasury Advantage Fund - Direct Plan - Growth 5 2629.75 0.41 1.31 1.99 8.91 7.21
Aditya Birla Sun Life Low Duration Fund - Direct Plan - Growth 3 11141.07 0.46 1.37 2.15 4.18 6.22
Nippon India Low Duration Fund - Direct Plan - Growth 3 6779.21 0.42 1.36 2.02 4.14 6.25
PGIM India Low Duration Fund - Direct Plan - Growth 1 100.68 0.47 1.38 2.19 3.88 4.44
Axis Treasury Advantage Fund - Direct Plan - Growth 3 4888.97 0.45 1.29 1.91 3.83 5.68
L&T Low Duration Fund - Direct Plan - Growth 4 808.87 0.41 1.25 1.91 3.82 5.47
JM Low Duration Fund - (Direct) - Growth 3 142.18 0.39 1.27 1.98 3.76 8.35
Sundaram Low Duration Fund - Direct Plan - Growth 4 472.67 0.41 1.13 1.95 3.72 4.63
HDFC Low Duration Fund - Direct Plan - Growth 2 16469.38 0.47 1.12 1.73 3.71 6.02

More Funds from Mirae Asset Mutual Fund

Out of 24 mutual fund schemes offered by this AMC, 4 is/are ranked 4 * , 7 is/are ranked 3 * , 1 is/are ranked 1 * , and 12 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 4 30299.43 5.97 7.82 -0.87 6.43 17.73
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth 4 20663.71 6.62 7.55 -1.48 4.83 24.16
Mirae Asset Tax Saver Fund - Direct Plan - Growth 4 11494.59 6.41 6.77 -1.14 6.05 23.26
Mirae Asset Focused Fund - Direct Plan - Growth 4 8061.98 5.26 5.65 -4.77 3.27 23.29
Mirae Asset Midcap Fund - Direct Plan - Growth NA 7173.23 8.81 9.72 2.88 10.73 30.37
Mirae Asset Hybrid - Equity - Direct Plan - Growth 3 6395.79 5.58 6.66 0.15 5.67 16.66
Mirae Asset Cash Management Fund - Direct Plan - Growth 3 3472.48 0.40 1.20 2.09 3.85 4.13
Mirae Asset Great Consumer Fund - Direct Plan - Growth NA 1649.14 7.87 13.77 7.01 16.11 22.72
Mirae Asset Healthcare Fund - Direct Plan - Growth NA 1628.78 5.28 4.79 -3.09 -5.96 31.33
Mirae Asset Banking and Financial Services Fund - Direct Plan - Growth NA 985.10 8.65 12.41 -0.02 5.48 0.00

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