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Historical NAV
₹ 1088.9358
NAV (Oct 21)
Fund Returns
Last 1Y
3.3%
Last 3Y
4.4%
Last 5Y
4.3%
Last 10Y
NA
Since Inception
3.5%
6 Month CAGR
1.7%
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.
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 95,457 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.
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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
Neutral
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Sub-asset Class View
We check if the sub-category of the fund is recommended by us.
Fund 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.
Fund 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 Attractiveness
We check the credit quality of the underlying instruments present in the fund. Higher 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 fund as of 2021-10-21 is ₹1088.94. The total AUM (Asset Under Management) of the fund as of 22/10/2021 is ₹1061.994. 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 0.93 % 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 56.1% in this asset class. The top three holdings of the fund are , triparty repo , manappuram finance limited , icici securities limited , hindustan petroleum corporation limited , 8.60% tamil nadu sdl 2023 , rural electrification corporation limited , housing development finance corporation limited , 8.15% govt stock 2022 , housing development finance corporation limited , national highways authority of india , ntpc limited , power finance corporation limited , rbl bank limited , small industries development bank of india , reliance industries limited , power grid corporation of india limited , network18 media & investments limited , ultratech cement limited , vedanta limited , export import bank of india , idfc first bank limited , network18 media & investments limited , national housing bank , l&t finance limited , l & t infrastructure finance company limited , reliance industries limited , net receivables / (payables) , rural electrification corporation limited , 6.84% govt stock 2022 , l&t finance limited , 6.18% govt stock 2024 , housing and urban development corporation limited (hudco) , housing and urban development corporation limited (hudco) , national bank for agriculture and rural development , oil & natural gas corporation limited , indian oil corporation limited , export-import bank of india , axis finance limited , housing development finance corporation limited , power finance corporation limited , larsen and toubro limited , tata capital housing finance limited , lic housing finance limited , reliance industries limited , lic housing finance limited , rec limited , bajaj housing finance limited , national bank for agriculture and rural development , 182 dtb 18112021 , rec limited , bajaj finance limited , national bank for agriculture and rural development , housing development finance corporation limited , housing and urban development corporation limited (hudco) , larsen and toubro limited , bharat petroleum corporation 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 has a score of 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 3out of 5
The credit risk of the fund is 4 out of 5 as compared to other debt funds.
