• Mutual Funds
  • Mirae Asset Mutual Fund
  • Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-M)

Formerly Mirae Asset Savings - Reg Savings Mn DR

Mirae Asset Mutual Fund

Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-M)

DebtLow Duration

Top Ranked

1087.1363

NAV (Jan 24)

4.3%
3 Year CAGR
Scripbox Opinion

Top Ranked

These are the top-ranked funds within low duration mutual funds.However, Scripbox does not recommend investing in low duration mutual funds.

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 ->

Track Record

14 Years. The Fund has Sufficient history for analysis and the track record is good.

Relative Size

875 Cr. Medium within the category

Impact of Interest Rate Changes

Low Interest Rate Risk. The impact on fund value is quite low when interest rates change

Credit Quality Of Fund's Portfolio

Low Credit Risk. The fund has a high credit quality compared to other debt funds

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Short Term Money

Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

  • graph-icon-gray
    Historical growth rate of 6.5% per annum
  • graph-icon-gray
    Recommended Duration 1 - 5 years
  • graph-icon-gray
    No Lock-in
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    Expert Investing Only, Car, Down Payment

No single fund can achieve what a plan can. Learn why

Historical NAV

1087.1363

NAV (Jan 24)

Fund Returns

Last 1Y

3.3%

Last 3Y

4.3%

Last 5Y

4.2%

Last 10Y

NA

Since Inception

3.5%

6 Month CAGR

1.4%

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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.

Expense Ratio

0.92

Launched (14y ago)

Mar 05, 2008

AUM in Crores

874.096

ISIN

INF769K01AA0

Lock-in

No Lock-in

Benchmark

Crisil Low Duration Debt Index TR INR

SIP Minimum

1000

Lumpsum Min.

5000

Fund Managers
user-avatar

Mahendra Jajoo

Fund Manager

calculator

Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 9,65,796 ₹ 2,33,18411.25%
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.

comparison

Comparison with Debt Funds

Fund NameScripbox OpinionFund SizeTrack Record
Kotak Savings Fund (G)
Kotak Savings Fund (G)

₹ 11,746 cr

5

₹ 36,350 cr

5

₹ 9,578 cr

5

₹ 29,495 cr

5

₹ 26,926 cr

5

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About the AMC

Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset Investment Managers (India) Private Limited manages assets worth 98,669 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.

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  • tel-amc-about
    022-67800300
  • mail-amc-about
    customercare@miraeasset.com
  • Fund NameScripbox Opinion
    Till Date CAGR

    23.1%

    20.3%

    17.3%

    15.9%

    22.4%

    19.9%

    16.5%

    15.7%

    16.5%

    15.7%

    growth

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only, Car, Down Payment
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Kotak Savings Fund (Growth)

    Kotak Savings Fund (Growth)

    Debt

    Ultra Short

    ICICI Prudential Savings Fund (Growth)

    ICICI Prudential Savings Fund (Growth)

    Debt

    Low Duration

    Tata Liquid Fund (Growth)

    Tata Liquid Fund (Growth)

    Debt

    Liquid

    Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-M) Review

    Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-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 DR. The fund is managed by Mirae Asset Investment Managers (India) Private Limited. The fund manager’s name is Mahendra Jajoo.

    Nav of Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-M) as of 24/01/2022 is ₹1087.14 with the total AUM as of 25/01/2022 is ₹874.096. With Scripbox you can compare and check the latest nav for all mutual funds in India. Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-M) was launched on Mar 05, 2008. The category risk of the fund is Low to Moderate Risk.

    The minimum SIP amount for Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (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 of Income Dis cum cptl wdrl (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 Crisil Low Duration Debt Index TR INR.

    Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-M) is rated as a 4 fund in Debt and delivered 3.3% 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 of Income Dis cum cptl wdrl (RIDCW-M).

    Frequently Asked Questions

    What is Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-M)?

    How to invest in Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-M)?

    What is the minimum sip amount of Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-M)?

    Is Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-M) good to invest in?

    What is the expense ratio of the Mirae Asset Savings Fund Savings Plan of Income Dis cum cptl wdrl (RIDCW-M)?