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Mirae Asset Savings Fund

Mirae Asset Savings Fund

Regular PlanGrowth Option

Fund Performance

Lumpsum

SIP

4.42

as on 22 Sep 2023

3 Years

Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 11,385 today.

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NAV Performance

Mirae Asset Savings Fund performance graph for last 3 years
Performance of Mirae Asset Savings Fund for last 3 Years

Fund Information

  • ₹ 1,990.768

    as on 22 Sep 2023
  • Regular - Growth

  • 13 / 23

  • ₹ 5,000

  • ₹ 542 Cr.

    as on 31 May 2023
  • 0.95%

  • 05 Mar 2008

  • Debt - Low Duration Fund

  • CRISIL 10 Year Gilt Index

  • Mirae Mutual Fund

    Show All Funds

Highlights of this fund

Mirae Asset Savings Fund is an Open-ended Debt Fund. The fund belongs to Low Duration Fund category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 05 Mar 2008. This fund is offered by one of the top AMC (Assets Management Company) Mirae Mutual Fund. You can also view here all other Debt funds offered by Mirae Mutual Fund.

Latest NAV of the fund is ₹ 1,990.768 as on 22 Sep 2023.

This fund has 15 years of track record. Since 31 Mar 2023 expense ratio of this fund is 0.95%. Ideally you shoulds compare this fund with the benchmark CRISIL 10 Year Gilt Index.

You can invest in this fund in SIP with the minimum investment of ₹ 1,000. Lumpsum invest is offered with minimum investment of ₹ 5,000.

Fund Objective

The investment objective of the scheme is to seek to generate returns with a portfolio comprising of debt and money market instruments, such that Macaulay duration of the portfolio is between 6 months - 12 months. The Scheme does not guarantee any returns.

List of Fund Managers of Mirae Asset Savings Fund

  • About Kruti Chheta

    Picture of Kruti ChhetaMs. Chheta has done BAF (Finance and Accounts) and MBA (Finance). Prior to joining Chheta, she has worked with A K Capital Services Ltd., Shriram Wealth Advisors Ltd. and Birla wealth management.
  • About Mahendra Jajoo

    Picture of Mahendra Jajoo

Riskometer : Risk associated with this fund

Investors understand that their principal will be at Moderate Risk

Fund Return Comparison

Fund Name 1 Week 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 10 Years 1 Year 2 Years 3 Years 5 Years 10 Years
Category Best 0.14% 0.70% 2.12% 10.19% 11.79% 14.47% 6.71% 6.76% 7.60% 8.09% 6.85% 6.76% 6.23% 6.95%
Category Average 0.11% 0.53% 1.54% 3.75% 6.23% 5.12% 3.91% 5.07% 6.50% 6.99% 5.95% 5.35% 5.37% 6.01%
Mirae Asset Savings Fund 0.12%₹ 10,011 0.55%₹ 10,055 1.59%₹ 10,158 3.52%₹ 10,351 6.41%₹ 10,640 6.65%₹ 12,427 4.74%₹ 10,971 5.70%₹ 25,439 4.42%₹ 11,385 5.02%₹ 38,859 5.31%₹ 12,957 5.00%₹ 68,089 6.07%₹ 18,030 5.54%₹ 1,59,414
ICICI Prudential Savings Fund 0.13%₹ 10,012 0.70%₹ 10,070 2.12%₹ 10,211 4.32%₹ 10,432 7.59%₹ 10,758 8.09%₹ 12,519 5.47%₹ 11,124 6.85%₹ 25,733 5.47%₹ 11,733 6.04%₹ 39,459 6.76%₹ 13,873 6.23%₹ 70,226 7.60%₹ 20,819 6.95%₹ 1,71,645
HDFC Low Duration Fund 0.11%₹ 10,011 0.64%₹ 10,063 1.87%₹ 10,187 3.97%₹ 10,397 6.95%₹ 10,694 7.40%₹ 12,475 5.12%₹ 11,050 6.21%₹ 25,569 5.10%₹ 11,607 5.53%₹ 39,155 6.29%₹ 13,572 5.76%₹ 69,415 6.94%₹ 19,571 6.40%₹ 1,66,729
Axis Treasury Advantage Fund 0.10%₹ 10,010 0.59%₹ 10,059 1.65%₹ 10,165 3.77%₹ 10,376 6.89%₹ 10,688 7.11%₹ 12,457 5.23%₹ 11,074 6.14%₹ 25,552 4.96%₹ 11,562 5.51%₹ 39,143 6.36%₹ 13,616 5.71%₹ 69,320 7.15%₹ 19,961 6.52%₹ 1,67,744
Aditya Birla Sun Life Low Duration Fund 0.11%₹ 10,011 0.56%₹ 10,055 1.60%₹ 10,160 3.64%₹ 10,363 6.58%₹ 10,658 6.82%₹ 12,438 5.00%₹ 11,025 5.90%₹ 25,491 4.80%₹ 11,511 5.30%₹ 39,020 6.21%₹ 13,520 5.57%₹ 69,073 7.04%₹ 19,762 6.38%₹ 1,66,569
IDFC Low Duration Fund 0.10%₹ 10,010 0.54%₹ 10,054 1.60%₹ 10,159 3.63%₹ 10,362 6.84%₹ 10,683 6.96%₹ 12,447 4.97%₹ 11,019 5.93%₹ 25,498 4.66%₹ 11,465 5.26%₹ 39,001 6.05%₹ 13,419 5.41%₹ 68,806 7.17%₹ 20,001 6.37%₹ 1,66,502

Portfolio Holdings

Portfolio holdings pattern of Mirae Asset Savings Fund as on 26 Sep 2023 are listed below:

  • Equity Holdings:

    0.00%
  • Debt Holdings:

    96.37%
  • Others Holdings:

    3.64%

Top Debt Instrument Type holdings of Mirae Asset Savings Fund

Instrument TypeHolding PercentageHolding Values in Crore
NCD & Bonds 38.17% ₹ 237.45 Cr.
CD 29.51% ₹ 183.59 Cr.
CP 18.64% ₹ 115.99 Cr.
GOI 6.10% ₹ 37.93 Cr.
T-Bills 3.95% ₹ 24.57 Cr.
Others 3.63% -

Top Debt Holdings of Mirae Asset Savings Fund

Name of Debt InstrumentHolding PercentageHolding Values in Crore
Bond - Bank Of Baroda 7.75% ₹ 48.25 Cr.
Bond - Govt of India 6.10% ₹ 37.93 Cr.
Bond - National Bank for Agriculture & Rural Development 4.02% ₹ 25.02 Cr.
Bond - Federal Bank Ltd. 3.99% ₹ 24.81 Cr.
Bond - Godrej Industries Ltd 3.98% ₹ 24.77 Cr.
Others 74.16%

Other Holdings

Holding TypeHolding Percentage
Net Receivables 1.90%
TREPS 1.74%