Formerly Mirae Asset Saving Reg Mn DR
₹ 1662.2469
NAV (Nov 16)
Top Ranked
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
Track Record
13 Years. The Fund has Sufficient history for analysis and the track record is good.
Relative Size
1,067 Cr. Medium within the category
Impact of Interest Rate Changes
Low Interest Rate Risk. The impact on fund value is quite low when interest rates change
Credit Quality Of Fund's Portfolio
Low Credit Risk. The fund has a high credit quality compared to other debt funds
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Scheme Information
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.
Low
Low to Moderate
Moderate
Moderately High
High
Very High
Moderate Risk
0.9 %
Expense Ratio
Mar 05, 2008
Launched (13y ago)
₹ 1,067
AUM in Crores
INF769K01911
ISIN
No Lock-in
Lock-in
Crisil Low Duration Debt Index TR INR
Benchmark
₹ 0
SIP Minimum
₹ 5,000
Lumpsum Min.
Returns Calculator Comparison
of
for
with step up of
Instrument | Returns | Total Corpus | Gains | Annualised % |
---|---|---|---|---|
Mutual Fund | ₹ 965,796 | ₹ 233,184 | 11.25% | |
EPF | ₹ 900,761 | ₹ 168,149 | 8.50% | |
Property | ₹ 867,662 | ₹ 135,050 | 7.00% | |
PPF | ₹ 869,819 | ₹ 137,207 | 7.10% | |
Bank FD | ₹ 846,471 | ₹ 113,859 | 6.00% | |
Gold | ₹ 846,471 | ₹ 113,859 | 6.00% | |
Savings Bank | ₹ 825,950 | ₹ 93,338 | 5.00% |
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.
Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.
Comparison with Debt Funds
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About the AMC
Mirae Asset Global Inv (India) Pvt. Ltd
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.
Tax Saving
Recommended
Top Ranked
₹ 5,647 Cr
Fund Size
15.5%
3Y returns
Large Cap
Recommended
Top Ranked
₹ 21,745 Cr
Fund Size
11.9%
3Y returns
Tax Saving
Top Ranked
₹ 5,647 Cr
Fund Size
15.1%
3Y returns
Large Cap
Top Ranked
₹ 21,745 Cr
Fund Size
10.8%
3Y returns
Large Cap
Top Ranked
₹ 21,745 Cr
Fund Size
10.8%
3Y returns
Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.
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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.
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.
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.
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
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.
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) 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.