Mirae Asset Savings Fund Savings Plan (G)
Scheme Information
2019-04-26
| Asset Management Company (AMC) | Mirae Asset Global Investment Management (India) Private Limited |
| Asset Class Type | Debt |
| Inception Date | Mar 5, 2008 |
| Benchmark | CRISIL Low Duration Debt Index |
| 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. |
| Fund Manager | Mahendra Kumar Jajoo |
| AUM (In Crores) | 476.33 |
| Allocation |
Others: 2.4945% Debt: 97.5055% |
| Minimum Investment Amount |
First Investment:
5000
|
| Expense Ratio | 0.84 |
| Average Maturity | 328.50 Days |
| Modified Duration | 281.05 Days |
| Yield to Maturity | 7.82% |
Scripbox has taken due care and caution in compilation of the data contained in this factsheet. This data has been obtained by Scripbox from sources which it considers reliable. However, please verify the data from the mutual fund (link provided) before taking any Investment action based on this information.
Recommended Funds
Equity: Mirae Asset Large Cap Fund (G) • HDFC Top 100 Fund (G) • Kotak Standard Multicap Fund (G) • Parag Parikh Long Term Equity Fund (G)
Debt:
Axis Liquid Fund (G) •
SBI Magnum Low Duration Fund (G) •
ICICI Prudential Corporate Bond Fund - Regular (G)
Tax Saver Plan:
DSP Tax Saver Fund (G) •
Motilal Oswal Long Term Equity Fund (G)
Emergency Fund:
Axis Liquid Fund (G) •
Tata Liquid Fund (G)