• Mutual Funds
  • Mirae Asset Mutual Fund
  • Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M)

Formerly Mirae Asset Savings Reg Svg Dl IDCW-R

Mirae Asset Mutual Fund

Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M)

DebtLow Duration

1005.1646

NAV (Jun 14)

4.7%
3 Year CAGR
Scripbox Opinion
Neutral
Click here for top ranked funds in low duration mutual funds.

Low duration funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

Our analysis of this fundLearn how we rate funds ->

Fund Size

Neutral

The performance of the fund on a Fund Size metric has been Neutral

Rolling Returns

Poor

The performance of the fund on a Rolling Returns metric has been Poor

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Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

1005.1646

NAV (Jun 14)

Fund Returns

Last 1Y
6.9%
Last 3Y
5.2%
Last 5Y
5.4%
Last 10Y
6%
Since Inception
6.4%
6 Month CAGR
3.7%

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.

Expense Ratio
0.85
Launched (16y ago)
Mar 03, 2008
AUM in Crores
606.201
ISIN
INF769K01986
Lock-in
No Lock-in
Benchmark
NIFTY Low Duration Debt TR INR
SIP Minimum
1000
Lumpsum Min.
5000
Standard Deviation (3yr)
0.7
Standard Deviation (5yr)
1
Beta (3yr)
0
Beta (5yr)
0
Sharpe Ratio (3yr)
-1.657
Sharpe Ratio (5yr)
-0.57
YTM
7.78
Fund Managers

Basant Bafna

Fund Manager

Important Links

Scheme Information Document

Statement of Additional Information

Portfolio Disclosure

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M)70%8,21,924 89,3124.8%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 93,3385.00%

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.

Asset allocation and Holdings

Last updated on 2024-06-14

Top Debt Holdings

icici bank limited

5.5%
5.5%

india (republic of)

4%
4%

punjab national bank

3.9%
3.9%

360 one prime ltd.

3.2%
3.2%

embassy office parks reit

2.9%
2.9%
See all holdings

Comparison with Debt Funds

Fund NameFund SizeRolling Returns
Bandhan CRISIL IBX Gilt April 2028 Index fund (G)
Bandhan CRISIL IBX Gilt April 2028 Index fund (G)

₹ 5,001 cr

₹ 10,797 cr

₹ 46,422 cr

₹ 14,535 cr

₹ 15,157 cr

amc-img

About the AMC

Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset Investment Managers (India) Private Limited manages assets worth 165,784 crores and was set up on 20 November 2006. It's current offering of mutual fund schemes includes 35 equity,48 debt and 9 hybrid funds.amc-img
phone-img022-67800300
Fund NameScripbox Opinion
Till Date CAGR

17.1%

19.4%

16.3%

18.8%

22.9%

28.6%

10.2%

11.7%

14.1%

21.7%

Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M) Review

Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M) is a Low Duration Debt fund and has delivered an annualised return of 3.2% over a period of 16 years. The fund was previously known as Mirae Asset Savings Reg Svg Dl IDCW-R. The fund is managed by Mirae Asset Investment Managers (India) Private Limited. The fund manager’s name is Basant Bafna.

Nav of Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M) as of 6/14/2024 is ₹1005.16 with the total AUM as of 6/15/2024 is ₹606.201. With Scripbox you can compare and check the latest nav for all mutual funds in India. Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M) was launched on Mar 03, 2008. The category risk of the fund is Moderate Risk.

The minimum SIP amount for Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M) is ₹1000 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. Check your estimated returns on mutual funds by using sip calculator.

Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M) 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 NIFTY Low Duration Debt TR INR.

Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M) is rated as a 2 fund in Debt and delivered 5.7% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M).

Frequently Asked Questions

What is Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M)?

Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M) is a Low Duration Debt scheme predominantly investing across Debt instruments with an investment objective to generate wealth over the long term.

How to invest in Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M)?

You can invest in Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?

What is the minimum sip amount of Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M)?

The minimum sip amount for Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M) is ₹1000. You can invest in multiples of ₹5000.

Is Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M) good to invest in?

As per Scripbox experts, Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M) is a Neutral fund. You can investMirae Asset Low Duration Fund Low Duration Plan (RIDCW-M) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.

What is the expense ratio of the Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M)?

The expense ratio of the Mirae Asset Low Duration Fund Low Duration Plan (RIDCW-M) is 0.85% for regular plan.