fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
LOG IN
SIGN UP

Fincash » Mutual Funds » Mirae Asset Savings Fund

Mirae Asset Savings Fund - G

NAV  ₹1,864.59 ↑ 0.08  (0.00 %) as on 18 Aug 22

Scheme Objective

The investment objective of the scheme is to seek to generate returns with low volatility and higher liquidity through a portfolio of debt and money market instruments. The scheme does not guarantee any returns.

Mirae Asset Savings Fund is a Debt - Low Duration fund launched on 5 Mar 08. It is a fund with Moderately Low risk and has given a CAGR return of 4.4% since its launch.  Ranked 84 in Low Duration category.  Return for 2021 was 3.1% , 2020 was 6.7% and 2019 was 5.8% .

Below is the key information for Mirae Asset Savings Fund

NAV as on 18 Aug 22₹1,864.59 ↑ 0.08  (0.00 %)
Net Assets (AUM) as on 30 Jun 2022 ₹694 Cr.
Launch Date5 Mar 2008
CategoryDebt - Low Duration
Rating
TypeOpen Ended Fund
RiskModerately Low
Yield To Maturity6.11%
Effective Maturity10 Months 9 Days
Modified Duration7 Months 13 Days
Alpha Ratio0.0
Expense Ratio0.5 %
Sharpe Ratio-1.693
Information Ratio0.0
BenchmarkNot Available
ISININF769K01937
AMCMirae Asset Global Inv (India) Pvt. Ltd
Min Investment ₹5,000
Min SIP Investment ₹1,000
Exit Load NIL

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Aug 22

DurationReturns
1 Month 0.5%
3 Month 1.3%
6 Month 1.6%
1 Year 3%
3 Year 4.5%
5 Year 5.2%
10 Year
15 Year
Since launch 4.4%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2021 3.1%
2020 6.7%
2019 5.8%
2018 6.6%
2017 5.8%
2016 6.9%
2015 7%
2014 8%
2013 8%

Growth of 10k Over Years

DateValue
31 Jul 17₹10,000
31 Jul 18₹10,563
31 Jul 19₹11,251
31 Jul 20₹12,033
31 Jul 21₹12,493
31 Jul 22₹12,857
Mirae Asset Savings Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash41.6%
Debt58.4%
Mirae Asset Savings Fund Asset Allocation

Sector Allocation

SectorValue
Corporate43.27%
Government36.27%
Cash Equivalent20.47%
RatingValue
AA17.46%
AAA82.54%
Mirae Asset Savings Fund Debt Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
Shriram Transport Finance Company Limited
Debentures | -
5%₹30 Cr3,000,000
08.60 Tn SDL 2023
Sovereign Bonds | -
4%₹25 Cr2,500,000
Jamnagar Utilities & Power Private Limited
Debentures | -
4%₹25 Cr2,500,000
Power Finance Corporation Ltd.
Debentures | -
4%₹25 Cr2,500,000
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
4%₹25 Cr2,500,000
Muthoot Finance Limited
Debentures | -
4%₹25 Cr2,500,000
Export Import Bank Of India
Debentures | -
4%₹24 Cr2,500,000
National Bank For Agriculture And Rural Development
Debentures | -
4%₹24 Cr2,500,000
Power Grid Corporation Of India Limited
Debentures | -
3%₹20 Cr2,000,000
6.84% Govt Stock 2022
Sovereign Bonds | -
3%₹18 Cr1,750,000
1 - 10 of 41
Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

Fund Managers

NameSinceTenure
Mahendra Jajoo8 Sep 165.9 Yr.

Custodians

CompanyAddress
Deutsche Bank AGDeutsche Bank AG,Kodak House, 22, D.N. Road,

Registrar & Transfer Agent

KFin Technologies Limited
AddressKFin Technologies Pvt. Ltd,,1D/D Extension 2, Valmiki Chowk,,Gandhi Nagar,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

CompanyAddress
Mirae Asset Investment Managers (India) Private LimitedMirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098

Auditors

CompanyAddress
M/s. Chokshi & Chokshi101/102, Kshamalaya 1st Floor,,37, Sir V. Thackersey Marg,

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
Mirae Asset Savings Fund
Growth
₹1,864.59
↑ 0.08
1.65 %3.04 %4.54 %5.17 %
Mirae Asset Savings Fund
Weekly Dividend, Reinvestment
₹1,106.68
↑ 0.05
1.65 %3.04 %4.23 %4.23 %
Mirae Asset Savings Fund
Quarterly Dividend, Reinvestment
₹1,007.21
↑ 0.04
1.64 %3 %4.72 %4.05 %
Mirae Asset Savings Fund
Quarterly Dividend, Payout
₹1,007.21
↑ 0.04
1.64 %3 %4.72 %4.05 %
Mirae Asset Savings Fund
Monthly Dividend, Reinvestment
₹1,091.5
↑ 0.05
1.65 %3.04 %4.21 %4.03 %
Mirae Asset Savings Fund
Monthly Dividend, Payout
₹1,091.5
↑ 0.05
1.65 %3.04 %4.21 %4.03 %
Mirae Asset Savings Fund
Daily Dividend, Reinvestment
₹1,005.16
1.4 %2.78 %4.13 %4.11 %
Data as on 18 Aug 22

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.