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Fincash » Mutual Funds » Mirae Asset Savings Fund

Mirae Asset Savings Fund - G

NAV  ₹1,890.07 ↑ 0.53  (0.03 %) as on 1 Dec 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 1 Dec 22₹1,890.07 ↑ 0.53  (0.03 %)
Net Assets (AUM) as on 15 Nov 2022 ₹605 Cr.
Launch Date5 Mar 2008
CategoryDebt - Low Duration
Rating
TypeOpen Ended Fund
RiskModerately Low
Yield To Maturity6.97%
Effective Maturity8 Months 22 Days
Modified Duration7 Months 28 Days
Alpha Ratio0.0
Expense Ratio0.79 %
Sharpe Ratio-1.988
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 1 Dec 22

DurationReturns
1 Month 0.6%
3 Month 1.2%
6 Month 2.5%
1 Year 3.7%
3 Year 4.4%
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
30 Nov 17₹10,000
30 Nov 18₹10,600
30 Nov 19₹11,312
30 Nov 20₹12,027
30 Nov 21₹12,397
30 Nov 22₹12,852
Mirae Asset Savings Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash58.13%
Debt41.87%
Mirae Asset Savings Fund Asset Allocation

Sector Allocation

SectorValue
Corporate42.81%
Government28.69%
Cash Equivalent28.5%
RatingValue
AA15.65%
AAA84.35%
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
National Bank For Agriculture And Rural Development
Debentures | -
4%₹25 Cr2,500,000
Jamnagar Utilities & Power Private Limited
Debentures | -
4%₹25 Cr2,500,000
Rec Limited
Debentures | -
4%₹25 Cr2,500,000
Muthoot Finance Limited
Debentures | -
4%₹25 Cr2,500,000
Power Grid Corporation Of India Limited
Debentures | -
3%₹20 Cr2,000,000
Cholamandalam Investment And Fin. Co. Ltd
Debentures | -
3%₹20 Cr2,000,000
182 DTB 30032023
Sovereign Bonds | -
3%₹19 Cr2,000,000
↑ 2,000,000
7.42% Govt Stock 2033
Sovereign Bonds | -
2%₹16 Cr1,625,000
1 - 10 of 42
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Fund Managers

NameSinceTenure
Mahendra Jajoo8 Sep 166.15 Yr.
Kruti Chheta22 Aug 220.19 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
₹1,890.07
↑ 0.53
2.54 %3.7 %4.36 %5.15 %
Mirae Asset Savings Fund
Weekly Dividend, Reinvestment
₹1,106.95
↑ 0.31
2.54 %3.7 %4.24 %4.3 %
Mirae Asset Savings Fund
Quarterly Dividend, Reinvestment
₹1,008.89
↑ 0.28
2.52 %3.67 %4.68 %4.12 %
Mirae Asset Savings Fund
Quarterly Dividend, Payout
₹1,008.89
↑ 0.28
2.52 %3.67 %4.68 %4.12 %
Mirae Asset Savings Fund
Monthly Dividend, Reinvestment
₹1,088.56
↑ 0.31
2.54 %3.7 %4.26 %4.11 %
Mirae Asset Savings Fund
Monthly Dividend, Payout
₹1,088.56
↑ 0.31
2.54 %3.7 %4.26 %4.11 %
Mirae Asset Savings Fund
Daily Dividend, Reinvestment
₹1,005.16
2.54 %3.44 %4.12 %4.19 %
Data as on 1 Dec 22

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