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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 73,857 crores and was set up on 20 November 2006. It's current offering of mutual fund schemes includes 29 equity,36 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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About Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (PIDCW-M)
About Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (PIDCW-M)
Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (PIDCW-M) is a low duration debt fund and has delivered an annualised return of 3.5% over a period of 13 years .The fund was previously known as Mirae Asset Savings - Reg Savings Mn DP.The fund is managed by Mirae Asset Investment Managers (India) Private Limited.The fund manager’s name is Mahendra Jajoo.
Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (PIDCW-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 Savings Plan of Income Dis cum cptl wdrl (PIDCW-M) NAV,AUM,Risk
The Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (PIDCW-M) fund was launched on Mar 05, 2008. The NAV (Net Asset Value) of this low duration debt as of 2021-05-11 is ₹ 1089.2762. The total AUM (Asset Under Management) of the fund as of 2021-05-12 is ₹ 1045.768. The category risk of the Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (PIDCW-M) fund is Low to Moderate Risk.
The fund charges 0.9 % as expense ratio.
Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (PIDCW-M) Holdings
The fund’s highest allocation is towards others and has invested 62.4% in this asset class. The top three holdings of the fund are hindustan petroleum corporation limited,08.38 ka sdl 2022 and ntpc limited
Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (PIDCW-M) SIP
The minimum SIP (Systematic Investment Plan) amount for this 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.
Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (PIDCW-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 Savings Plan of Income Dis cum cptl wdrl (PIDCW-M) Review
Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (PIDCW-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 Savings Plan of Income Dis cum cptl wdrl (PIDCW-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.
