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Fincash » Mutual Funds » Mirae Asset Savings Fund

Mirae Asset Savings Fund - G

NAV  ₹1,609.39 ↓ 0.04   (0.00 %) as on 21 Jun 19

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 4.3% since its launch.  Ranked 84 in Low Duration category.  Return for 2018 was 6.6% , 2017 was 5.8% and 2016 was 6.9% .

Below is the key information for Mirae Asset Savings Fund

NAV as on 21 Jun 19₹1,609.39 ↓ 0.04   (0.00 %)
Net Assets (AUM) as on 30 Apr 2019 ₹545 Cr.
Launch Date5 Mar 2008
CategoryDebt - Low Duration
Rating
TypeOpen Ended Fund
RiskModerately Low
Yield To Maturity7.92%
Effective Maturity8 Months 21 Days
Modified Duration6 Months 29 Days
Alpha Ratio0.0
Expense Ratio0.79 %
Sharpe Ratio4.783
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 21 Jun 19

DurationReturns
1 Month -0.5%
3 Month 0.7%
6 Month 2.7%
1 Year 6.3%
3 Year 6.2%
5 Year 6.6%
10 Year
15 Year
Since launch 4.3%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2018 6.6%
2017 5.8%
2016 6.9%
2015 7%
2014 8%
2013 8%
2012
2011
2010

Growth of 10k Over Years

DateValue
31 May 14₹10,000
31 May 15₹10,748
31 May 16₹11,486
31 May 17₹12,242
31 May 18₹12,926
31 May 19₹13,922
Mirae Asset Savings Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash71.21%
Debt28.79%
Mirae Asset Savings Fund Asset Allocation

Sector Allocation

SectorValue
Cash Equivalent71.21%
Corporate21.82%
Government6.98%
Mirae Asset Savings Fund Debt Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
Tri Party Repo
CBLO/Reverse Repo | -
11%₹62 Cr
HDFC CREDILA FINANCIAL SERVICES PRIVATE LIMITED
Commercial Paper | -
5%₹26 Cr2,750,000
National Bank For Agriculture And Rural Development
Debentures | -
5%₹25 Cr2,500,000
Rural Electrification Corporation Limited
Debentures | -
5%₹25 Cr2,500,000
Indian Railway Finance Corporation Limited
Debentures | -
5%₹25 Cr2,500,000
INDIABULLS HOUSING FINANCE LIMITED
Commercial Paper | -
5%₹25 Cr2,500,000
JSW STEEL LIMITED
Commercial Paper | -
5%₹25 Cr2,500,000
Pnb Housing Finance Limited (31/07/2019) #
Commercial Paper | -
5%₹25 Cr2,500,000
↑ 2,500,000
AXIS BANK LIMITED
Certificate of Deposit | -
4%₹24 Cr2,500,000
AU SMALL FINANCE BANK LIMITED
Certificate of Deposit | -
4%₹24 Cr2,500,000
1 - 10 of 46
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Fund Managers

NameSinceTenure
Mahendra Jajoo8 Sep 162.4 Yr.

Custodians

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

Registrar & Transfer Agent

Karvy Fintech Pvt Ltd.
Address"KARVY HOUSE",46, Avenue 4, Street No.1,,Banjara Hills,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

CompanyAddress
Mirae Asset Mutual FundUnit No.606, Windsor Building Off.,C.S.T Road, Kalina Santacruz E

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
₹1,609.39
↑ 0.04
2.74 %6.26 %6.16 %6.56 %
Mirae Asset Savings Fund
Weekly Dividend, Reinvestment
₹1,106.88
↑ 0.03
1.65 %4.16 %4.34 %4.77 %
Mirae Asset Savings Fund
Quarterly Dividend, Reinvestment
₹1,004.99
↑ 0.02
-0.82 %1.72 %3.43 %4.13 %
Mirae Asset Savings Fund
Quarterly Dividend, Payout
₹1,004.99
↑ 0.02
-0.82 %1.72 %3.43 %4.13 %
Mirae Asset Savings Fund
Monthly Dividend, Reinvestment
₹1,090.04
↑ 0.03
1.02 %3.06 %4.03 %4.58 %
Mirae Asset Savings Fund
Monthly Dividend, Payout
₹1,090.04
↑ 0.03
1.02 %3.06 %4.03 %4.58 %
Mirae Asset Savings Fund
Daily Dividend, Reinvestment
₹1,005.16
1.47 %3.95 %4.21 %4.63 %
Data as on 21 Jun 19

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