Fund Performance
Lumpsum
SIP
4.42
as on 22 Sep 20233 Years
Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 11,385 today.
NAV Performance
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
-
CRISIL 10 Year Gilt Index
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Mirae Mutual Fund
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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
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About Kruti Chheta
Ms. 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.
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About 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
Top Debt Instrument Type holdings of Mirae Asset Savings Fund
| Instrument Type | Holding Percentage | Holding 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 Instrument | Holding Percentage | Holding 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 Type | Holding Percentage |
|---|---|
| Net Receivables | 1.90% |
| TREPS | 1.74% |