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Scheme Information
Investment 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.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Mirae Asset Investment Managers (India) Private Limited manages assets worth 63,733 crores and was set up on 20 November 2006. It's current offering of mutual fund schemes includes 23 equity,33 debt and 9 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Category View
We check if the sub-category of the fund is recommended by us.
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Quality Of Fund’s Portfolio
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Equity Funds
Debt Funds
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Invest online & transfer
Invest via netbanking, UPI or through an SIP (eNACH mandate).
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The Scripbox Promise
Scripbox has helped over 2500 people become millionaires in the last 7 years
You'll never have to worry about what funds to choose. We'll suggest what's best for you.
Continuous monitoring & alerts
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Annual reviews & rebalances
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About Mirae Asset Savings Fund (DR-M)
About Mirae Asset Savings Fund (DR-M)
Mirae Asset Savings Fund (DR-M) is a low duration debt fund and has delivered an annualised return of 5.6% over a period of 13 years .The fund was previously known as Mirae Asset Saving Reg Mn DR.The fund is managed by Mirae Asset Investment Managers (India) Private Limited.The fund manager’s name is Mahendra Jajoo.
Mirae Asset Savings Fund (DR-M) Investment 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. However, there is no assurance that the objective of the scheme will be realized.
Mirae Asset Savings Fund (DR-M) NAV,AUM,Risk
The Mirae Asset Savings Fund (DR-M) fund was launched on Mar 05, 2008. The NAV (Net Asset Value) of this low duration debt as of 2017-11-16 is ₹ 1662.2469. The total AUM (Asset Under Management) of the fund as of 2021-02-24 is ₹ 1066.100. The category risk of the Mirae Asset Savings Fund (DR-M) fund is Moderate Risk.
The fund charges 0.9 % as expense ratio.
Mirae Asset Savings Fund (DR-M) Holdings
The fund’s highest allocation is towards others and has invested 55.7% in this asset class. The top three holdings of the fund are 91 dtb 01042021,hindustan petroleum corporation limited and 08.38 ka sdl 2022
Mirae Asset Savings Fund (DR-M) SIP
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 0 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
Mirae Asset Savings Fund (DR-M) Investment volatility and Horizon
This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to Crisil Low Duration Debt Index TR INR.
Mirae Asset Savings Fund (DR-M) Review
Mirae Asset Savings Fund (DR-M) has a score of 4 on a scale of 5. The fund scores 4 out of 5 based on historical performance. As compared to the other funds in its category, Mirae Asset Savings Fund (DR-M) has a score of 3 out of 5.
The credit risk of the fund is 4 out of 5 as compared to other debt funds.
