- Mutual Funds
- Mirae Asset Mutual Fund
- Mirae Asset Savings Fund Savings Plan (RIDCW-M)
Formerly Mirae Asset Savings - Reg Savings Dl DR
Mirae Asset Savings Fund Savings Plan (RIDCW-M)
₹ 1005.1646
NAV (Sep 22)
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.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 1005.1646
NAV (Sep 22)
Fund Returns
Last 1Y | 6.4% |
Last 3Y | 4.3% |
Last 5Y | 4.6% |
Last 10Y | 4.8% |
Since Inception | 3.1% |
6 Month CAGR | 3.5% |
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.
Expense Ratio | 0.92 |
Launched (15y ago) | Mar 03, 2008 |
AUM in Crores | 580.596 |
ISIN | INF769K01986 |
Lock-in | No Lock-in |
Benchmark | NIFTY Low Duration Debt TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 0.6 |
Standard Deviation (5yr) | 1 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | -0.922 |
Sharpe Ratio (5yr) | -0.579 |
YTM | 7.45 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Mirae Asset Savings Fund Savings Plan (RIDCW-M) | 8,17,924 | 85,312 | 4.6% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 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.
Asset allocation and Holdings
Top Debt Holdings
8.51% govt stock 2033
4.4%reliance retail ventures limited
4.3%muthoot finance limited
4.3%motilal oswal finvest limited
4.3%national bank for agriculture and rural development
4.2%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 44,468 cr | ||
₹ 18,357 cr | ||
₹ 10,408 cr | ||
₹ 14,357 cr | ||
₹ 9,121 cr |
About the AMC
Mirae Asset Global Inv (India) Pvt. Ltd
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
24.1% | 18% | ||
23% | 17.4% | ||
14.4% | 19.6% | ||
12.8% | 10.9% | ||
25.1% | 20.1% |
Mirae Asset Savings Fund Savings Plan (RIDCW-M) Review
Mirae Asset Savings Fund Savings Plan (RIDCW-M) is a Low Duration Debt fund and has delivered an annualised return of 3.1% over a period of 15 years. The fund was previously known as Mirae Asset Savings - Reg Savings Dl DR. The fund is managed by Mirae Asset Investment Managers (India) Private Limited. The fund manager’s name is Kruti Chheta.
Nav of Mirae Asset Savings Fund Savings Plan (RIDCW-M) as of 9/22/2023 is ₹1005.16 with the total AUM as of 9/23/2023 is ₹580.596. With Scripbox you can compare and check the latest nav for all mutual funds in India. Mirae Asset Savings Fund Savings Plan (RIDCW-M) was launched on Mar 03, 2008. The category risk of the fund is Low to Moderate Risk.
The minimum SIP amount for Mirae Asset Savings Fund Savings 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 Savings Fund Savings 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 Savings Fund Savings Plan (RIDCW-M) is rated as a 1 fund in Debt and delivered 6.4% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Mirae Asset Savings Fund Savings Plan (RIDCW-M).
Frequently Asked Questions
What is Mirae Asset Savings Fund Savings Plan (RIDCW-M)?
How to invest in Mirae Asset Savings Fund Savings Plan (RIDCW-M)?
You can invest in Mirae Asset Savings Fund Savings 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 Savings Fund Savings Plan (RIDCW-M)?
The minimum sip amount for Mirae Asset Savings Fund Savings Plan (RIDCW-M) is ₹1000. You can invest in multiples of ₹5000.
Is Mirae Asset Savings Fund Savings Plan (RIDCW-M) good to invest in?
As per Scripbox experts, Mirae Asset Savings Fund Savings Plan (RIDCW-M) is a Not Recommended fund. You can investMirae Asset Savings Fund Savings 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 Savings Fund Savings Plan (RIDCW-M)?
The expense ratio of the Mirae Asset Savings Fund Savings Plan (RIDCW-M) is 0.92% for regular plan.