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Mirae Asset Savings Fund - Regular Savings - Growth

  • Regular
  • Direct
Category : Low Duration Fund
  • NAV
    : ₹ 1759.4079 -0.01%
    (as on 29th October, 2020)
Crisil Rank
Relatively weak performance among peers
Risk-O-Meter
Moderately Low
(Min ₹1000 for SIP, ₹5000 for one time investment)

Fund has 87.44% investment in Debt of which 17.98% in Government securities, 69.46% 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 29th October, 2020)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 22-Oct-20 10004.70 0.05% - 0.08% 24/26
1 Month 29-Sep-20 10057.90 0.58% - 0.64% 18/26
3 Month 29-Jul-20 10124.10 1.24% - 1.37% 18/27
6 Month 29-Apr-20 10419.90 4.20% - 4.28% 15/27
YTD 01-Jan-20 10588.60 5.89% - 4.26% 17/27
1 Year 29-Oct-19 10639.80 6.40% 6.38% 4.72% 20/27
2 Year 29-Oct-18 11380.40 13.80% 6.67% 4.52% 14/26
3 Year 27-Oct-17 12017.10 20.17% 6.30% 5.04% 14/26
5 Year 29-Oct-15 13640.40 36.40% 6.40% 6.10% 17/25
10 Year 26-Jun-12 17594.10 75.94% 7.00% 7.27% 21/23
Since Inception 05-Mar-08 17594.10 75.94% 4.56% 7.06% 25/27

SIP Returns (NAV as on 29th October, 2020)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 29-Oct-19 12000 12448.51 3.74 % 6.97 %
2 Year 29-Oct-18 24000 25650.94 6.88 % 6.52 %
3 Year 27-Oct-17 36000 39733.59 10.37 % 6.5 %
5 Year 29-Oct-15 60000 70522.35 17.54 % 6.39 %
10 Year 26-Jun-12 101000 134307.57 32.98 % 6.63 %
 

Tax Treatment

Portfolio (Updated on 30th Sep,2020)

No of Debt Holding 48 (Category Avg - 57.07) | Modified Duration 0.75 Years (Category Avg - 1.12)| Yield to Maturity 4.31% (Category Avg - 4.76%)

Type of Holdings

Security Type
% Weight
Category Average
GOI 2.55% 6.14%
CD 7.38% 7.19%
T-Bills 15.43% 14.85%
CP 23.14% 11.15%
NCD & Bonds 38.94% 47.06%
PTC 0.00% 1.16%

Investment / Portfolio Grades

Security Type
% Weight
Category Average
Government Backed 17.98% 20.99%
Low Risk 69.46% 62.53%
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 (%)
Reverse Repo Reverse Repo 10.29%
Net Receivables Net Receivables 1.79%
TREPS TREPS 0.47%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th September, 2020)

  • Standard Deviation

    Low volatility
    1.71vs4.45
    Category Avg
  • Beta

    Low volatility
    1.05vs3.13
    Category Avg
  • Treynor's Ratio

    Poor risk adjusted returns
    0.02vs0.62
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    -1.3vs-4.55
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
JM Low Duration Fund - Growth 3 130.15 0.53 1.09 24.01 26.97 6.12
ICICI Prudential Savings Fund - Growth 4 19922.29 0.75 1.61 5.45 8.38 7.97
Kotak Low Duration Fund - Growth 3 8417.75 0.76 1.66 5.73 8.30 7.84
HDFC Low Duration Fund - Growth 3 16796.22 0.77 1.72 5.43 7.96 7.30
Aditya Birla Sun Life Low Duration Fund - Regular Plan - Growth 3 13927.24 0.75 1.61 4.92 7.84 7.62
Tata Treasury Advantage Fund - Regular Plan - Growth 3 1559.66 0.71 1.50 4.50 7.73 5.68
UTI Treasury Advantage Fund - Regular Plan - Growth 3 2752.87 0.64 1.28 4.28 7.65 3.37
Axis Treasury Advantage Fund - Growth 4 8146.49 0.67 1.38 4.49 7.64 7.83
Nippon India Low Duration Fund - Growth 2 5282.51 0.66 1.58 4.67 7.58 7.15
BNP Paribas Low Duration Fund - Growth 3 304.00 0.76 1.23 4.03 7.55 7.14

More Funds from Mirae Asset Mutual Fund

Out of 19 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 5 is/are ranked 4 * , 1 is/are ranked 2 * , 1 is/are ranked 1 * , and 11 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 - Regular - Growth 4 18449.76 2.39 5.34 21.68 0.37 4.17
Mirae Asset Emerging Bluechip Fund - Growth 5 11466.25 2.70 8.41 24.45 7.72 6.37
Mirae Asset Tax Saver Fund - Regular Plan - Growth 4 4270.45 3.00 9.11 26.16 6.76 6.69
Mirae Asset Hybrid - Equity - Growth 4 3735.09 2.20 3.41 15.46 3.13 5.01
Mirae Asset Focused Fund - Growth NA 3524.10 3.25 7.77 30.45 6.35 0.00
Mirae Asset Cash Management Fund - Growth 4 2919.41 0.27 0.83 1.80 4.53 6.22
Mirae Asset Midcap Fund - Regular Plan - Growth NA 2475.93 2.16 11.40 28.83 7.49 0.00
Mirae Asset Healthcare Fund - Growth NA 1006.15 -1.36 13.35 26.78 60.38 0.00
Mirae Asset Great Consumer Fund - Growth NA 1003.03 1.38 6.50 18.90 -3.32 5.16
Mirae Asset Savings Fund - Regular Savings - Growth 1 809.61 0.58 1.24 4.20 6.38 6.30

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