• Mutual Funds
  • Mirae Asset Mutual Fund
  • Mirae Asset Savings Fund Savings Plan (RIDCW-Q)

Formerly Mirae Asset Savings - Reg Savings Qt DR

Mirae Asset Mutual Fund

Mirae Asset Savings Fund Savings Plan (RIDCW-Q)

DebtLow Duration

1012.3181

NAV (Oct 04)

4.6%
3 Year CAGR
Scripbox Opinion
Neutral
Click here for top ranked funds in low duration mutual funds.

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.

Our analysis of this fundLearn how we rate funds ->

Fund Size

₹ 693 Cr

The performance of the fund on a Fund Size metric has been Neutral

Rolling Returns

Neutral

The performance of the fund on a Rolling Returns metric has been Neutral

View all 8 analysis

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Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

1012.3181

NAV (Oct 4)

Fund Returns

Last 1Y

3.2%

Last 3Y

4.6%

Last 5Y

4%

Last 10Y

4.8%

Since Inception

4.9%

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.

Expense Ratio

0.93

Launched (10y ago)

Jun 27, 2012

AUM in Crores

692.785

ISIN

INF769K01AB8

Lock-in

No Lock-in

Benchmark

NIFTY Low Duration Debt TR INR

SIP Minimum

1000

Lumpsum Min.

5000

Fund Managers

Mahendra Jajoo

Fund Manager

Kruti Chheta

Fund Manager

Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%965,796 233,18411.25%
EPF70% 900,761 168,1498.50%
Property70% 867,662 135,0507.00%
PPF70% 869,819 137,2077.10%
Bank FD70% 846,471 113,8596.00%
Gold70% 846,471 113,8596.00%
Savings Bank70% 825,950 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.

Asset allocation and Holdings

Last updated on 2022-10-04

Top Debt Holdings

hdfc bank limited

5.7%
5.7%

shriram transport finance company limited

4.4%
4.4%

jamnagar utilities & power private limited

3.6%
3.6%

housing development finance corporation limited

3.6%
3.6%

rec limited

3.6%
3.6%
See all holdings

Compare Mirae Asset Savings Fund Savings Plan (RIDCW-Q)

Fund NameFund SizeRolling Returns
ICICI Prudential Liquid Fund (G)
ICICI Prudential Liquid Fund (G)

₹ 48,600 cr

₹ 15,110 cr

₹ 15,466 cr

₹ 15,116 cr

₹ 48,600 cr

About the AMC

Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset Investment Managers (India) Private Limited manages assets worth 111,352 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.

amc-img

  • 022-67800300
  • customercare@miraeasset.com
  • Fund NameScripbox Opinion
    Till Date CAGR

    19.7%

    17.5%

    18.8%

    17%

    18.7%

    16.6%

    21%

    20%

    14.9%

    15%

    Investment Calculator

    Investment Duration5 years

    0

    Total Investment

    0

    Wealth Gained

    0

    Total Corpus Created (₹)

    With CAGR of 11.25 % in 5 years

    Mirae Asset Savings Fund Savings Plan (RIDCW-Q) Review

    Mirae Asset Savings Fund Savings Plan (RIDCW-Q) is a Low Duration Debt fund and has delivered an annualised return of 4.9% over a period of 10 years. The fund was previously known as Mirae Asset Savings - Reg Savings Qt DR. The fund is managed by Mirae Asset Investment Managers (India) Private Limited. The fund managers are Kruti Chheta, Mahendra Jajoo.

    Nav of Mirae Asset Savings Fund Savings Plan (RIDCW-Q) as of 10/4/2022 is ₹1012.32 with the total AUM as of 10/5/2022 is ₹692.785. With Scripbox you can compare and check the latest nav for all mutual funds in India. Mirae Asset Savings Fund Savings Plan (RIDCW-Q) was launched on Jun 27, 2012. The category risk of the fund is Low to Moderate Risk.

    The minimum SIP amount for Mirae Asset Savings Fund Savings Plan (RIDCW-Q) 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-Q) 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-Q) is rated as a 3 fund in Debt and delivered 3.2% 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-Q).

    Frequently Asked Questions

    What is Mirae Asset Savings Fund Savings Plan (RIDCW-Q)?

    Mirae Asset Savings Fund Savings Plan (RIDCW-Q) is a Low Duration Debt scheme predominantly investing across Debt stocks with an investment objective to generate wealth over the long term.

    How to invest in Mirae Asset Savings Fund Savings Plan (RIDCW-Q)?

    You can invest in Mirae Asset Savings Fund Savings Plan (RIDCW-Q) 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-Q)?

    The minimum sip amount for Mirae Asset Savings Fund Savings Plan (RIDCW-Q) is ₹1000. You can invest in multiples of ₹5000.

    Is Mirae Asset Savings Fund Savings Plan (RIDCW-Q) good to invest in?

    As per Scripbox experts, Mirae Asset Savings Fund Savings Plan (RIDCW-Q) is a Neutral fund. You can investMirae Asset Savings Fund Savings Plan (RIDCW-Q) 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-Q)?

    The expense ratio of the Mirae Asset Savings Fund Savings Plan (RIDCW-Q) is 0.93% for regular plan.