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Fincash » Mutual Funds » Mirae Asset Savings Fund

Mirae Asset Savings Fund - G

NAV  ₹2,079.95 ↑ 0.26  (0.01 %) as on 17 May 24

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 4.6% since its launch.  Ranked 84 in Low Duration category.  Return for 2023 was 6.6% , 2022 was 4% and 2021 was 3.1% .

Below is the key information for Mirae Asset Savings Fund

NAV as on 17 May 24₹2,079.95 ↑ 0.26  (0.01 %)
Net Assets (AUM) as on 31 Mar 2024 ₹494 Cr.
Launch Date5 Mar 2008
CategoryDebt - Low Duration
Rating
TypeOpen Ended Fund
RiskModerately Low
Yield To Maturity8.01%
Effective Maturity11 Months 12 Days
Modified Duration10 Months 6 Days
Alpha Ratio0.0
Expense Ratio0.75 %
Sharpe Ratio-0.63
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 17 May 24

DurationReturns
1 Month 0.5%
3 Month 1.9%
6 Month 3.6%
1 Year 6.8%
3 Year 5.1%
5 Year 5.2%
10 Year
15 Year
Since launch 4.6%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 6.6%
2022 4%
2021 3.1%
2020 6.7%
2019 5.8%
2018 6.6%
2017 5.8%
2016 6.9%
2015 7%

Growth of 10k Over Years

DateValue
30 Apr 19₹10,000
30 Apr 20₹10,483
30 Apr 21₹11,114
30 Apr 22₹11,456
30 Apr 23₹12,050
30 Apr 24₹12,870
Mirae Asset Savings Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash36.64%
Debt63.1%
Other0.26%
Mirae Asset Savings Fund Asset Allocation

Sector Allocation

SectorValue
Corporate56.77%
Government24.7%
Cash Equivalent18.27%
RatingValue
AA10.1%
AAA89.9%
Mirae Asset Savings Fund Debt Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
Punjab National Bank
Domestic Bonds | -
4%₹24 Cr2,500,000
8.25% Govt Stock 2033
Sovereign Bonds | -
3%₹20 Cr2,000,000
↑ 2,000,000
Power Finance Corporation Limited
Debentures | -
3%₹20 Cr2,000,000
Indian Bank
Domestic Bonds | -
3%₹19 Cr2,000,000
Ongc Petro Additions Limited
Debentures | -
3%₹15 Cr1,500,000
Small Industries Development Bank Of India
Debentures | -
3%₹15 Cr1,500,000
↑ 1,500,000
Bajaj Housing Finance Limited
Debentures | -
3%₹15 Cr1,500,000
National Bank For Agriculture And Rural Development
Debentures | -
3%₹15 Cr1,500,000
↑ 1,500,000
Embassy Office Parks Reit
Debentures | -
3%₹15 Cr1,500,000
National Bank For Agriculture And Rural Development
Debentures | -
2%₹15 Cr1,500,000
↑ 1,000,000
1 - 10 of 64
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Fund Managers

NameSinceTenure
Basant Bafna1 Feb 240.16 Yr.

Custodians

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

Registrar & Transfer Agent

KFin Technologies Ltd
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
₹2,079.95
↑ 0.26
3.55 %6.81 %5.09 %5.18 %
Mirae Asset Savings Fund
Weekly Dividend, Reinvestment
₹1,107.12
↑ 0.14
3.14 %6.46 %4.98 %4.81 %
Mirae Asset Savings Fund
Quarterly Dividend, Reinvestment
₹1,009.02
↑ 0.12
3.5 %6.87 %5.59 %5.26 %
Mirae Asset Savings Fund
Quarterly Dividend, Payout
₹1,009.02
↑ 0.12
3.5 %6.87 %5.59 %5.26 %
Mirae Asset Savings Fund
Monthly Dividend, Reinvestment
₹1,091.93
↑ 0.13
2.91 %6.15 %4.87 %4.75 %
Mirae Asset Savings Fund
Monthly Dividend, Payout
₹1,091.93
↑ 0.13
2.91 %6.15 %4.87 %4.75 %
Mirae Asset Savings Fund
Daily Dividend, Reinvestment
₹1,005.16
2.99 %6.26 %4.82 %4.69 %
Data as on 17 May 24

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