Mirae Asset Savings Fund Direct Growth
DebtLow DurationLow to Moderate Risk
Direct
NAV (30-Oct-24)
₹2330.070.02%1D
Returns (Since Inception)
7.02%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹1,151 Cr
Expense Ratio
0.25%
ISIN
INF769K01BO9
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
Mirae Asset Savings Fund Direct Growth is a Low Duration mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 11 years, 9 months and 30 days, having been launched on 01-Jan-13.
As of 30-Oct-24, it has a Net Asset Value (NAV) of ₹2330.07, Assets Under Management (AUM) of 1150.94 Crores, and an expense ratio of 0.25%.
As of 30-Oct-24, it has a Net Asset Value (NAV) of ₹2330.07, Assets Under Management (AUM) of 1150.94 Crores, and an expense ratio of 0.25%.
- Mirae Asset Savings Fund Direct Growth has given a CAGR return of 7.02% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 69.01% in debts, and 30.78% in cash & cash equivalents.
- You can start investing in Mirae Asset Savings Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+8.06%
+6.50% (Cat Avg.)
3 Years
+6.41%
+5.65% (Cat Avg.)
5 Years
+6.02%
+5.73% (Cat Avg.)
10 Years
+6.71%
+5.65% (Cat Avg.)
Since Inception
+7.02%
— (Cat Avg.)
Portfolio Summaryas of 15th October 2024
| Debt | ₹794.31 Cr | 69.01% |
| Others | ₹356.62 Cr | 30.99% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹64.36 Cr | 4.72% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹50.3 Cr | 3.69% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹46.85 Cr | 3.44% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹44.63 Cr | 3.28% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹39.36 Cr | 2.89% |
| Govt Stock 22092033 | Bond - Gov't/Treasury | ₹30.86 Cr | 2.27% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹29.97 Cr | 2.20% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹29.84 Cr | 2.19% |
| 364 DTB 05122024 | Bond - Gov't/Treasury | ₹29.74 Cr | 2.18% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹25.68 Cr | 1.88% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹25.1 Cr | 1.84% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹24.97 Cr | 1.83% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹24.87 Cr | 1.83% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹24.83 Cr | 1.82% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹24.74 Cr | 1.82% |
| 182 DTB 26122024 | Bond - Gov't/Treasury | ₹24.69 Cr | 1.81% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹24.38 Cr | 1.79% |
| India (Republic of) | Bond - Short-term Government Bills | ₹24.27 Cr | 1.78% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹24.22 Cr | 1.78% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹24.04 Cr | 1.76% |
| Muthoot Finance Limited | Cash - Commercial Paper | ₹23.75 Cr | 1.74% |
| 364 DTB 12122024 | Bond - Gov't/Treasury | ₹22.77 Cr | 1.67% |
| Net Receivables / (Payables) | Cash | ₹20.85 Cr | 1.53% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹20.1 Cr | 1.48% |
| Aditya Birla Renewables Limited | Bond - Corporate Bond | ₹20.06 Cr | 1.47% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹20.01 Cr | 1.47% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹20 Cr | 1.47% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹19.97 Cr | 1.47% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹19.92 Cr | 1.46% |
| Motilal Oswal Financial Services Limited | Cash - Commercial Paper | ₹19.87 Cr | 1.46% |
| Rec Limited | Bond - Corporate Bond | ₹19.6 Cr | 1.44% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹19.45 Cr | 1.43% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹19.09 Cr | 1.40% |
| Hero Fincorp Limited | Bond - Corporate Bond | ₹19.03 Cr | 1.40% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹18.46 Cr | 1.35% |
| Mindspace Business Parks Reit | Bond - Corporate Bond | ₹18.08 Cr | 1.33% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹17.98 Cr | 1.32% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹17.69 Cr | 1.30% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹17.09 Cr | 1.25% |
| Treps | Cash - Repurchase Agreement | ₹15.11 Cr | 1.11% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹15.06 Cr | 1.11% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹15 Cr | 1.10% |
| Indostar Capital Finance Limited | Cash - Commercial Paper | ₹14.97 Cr | 1.10% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹14.76 Cr | 1.08% |
| Bank of Baroda | Bond - Corporate Bond | ₹14.62 Cr | 1.07% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹14.6 Cr | 1.07% |
| 07.32 Goi 2030 | Bond - Gov't/Treasury | ₹10.29 Cr | 0.76% |
| 07.37 Goi 2028 | Bond - Gov't/Treasury | ₹10.24 Cr | 0.75% |
| 07.89 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹10.07 Cr | 0.74% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹10.06 Cr | 0.74% |
| Motilal Oswal Finvest Limited | Bond - Corporate Bond | ₹10.05 Cr | 0.74% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹10.01 Cr | 0.73% |
| Ongc Petro Additions Limited | Bond - Corporate Bond | ₹10 Cr | 0.73% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹9.99 Cr | 0.73% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹9.97 Cr | 0.73% |
| 182 DTB 28112024 | Bond - Gov't/Treasury | ₹9.93 Cr | 0.73% |
| 364 DTB 28112024 | Bond - Gov't/Treasury | ₹9.93 Cr | 0.73% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹9.87 Cr | 0.72% |
| Angel Broking Limited | Cash - Commercial Paper | ₹9.86 Cr | 0.72% |
| Shriram Transport Finance Company Limited | Cash - Commercial Paper | ₹9.74 Cr | 0.72% |
| Cholamandalam Investment & Finance Co Ltd. | Cash - Commercial Paper | ₹9.73 Cr | 0.71% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹9.69 Cr | 0.71% |
| National Bank For Agriculture And Rural Development | Cash - Commercial Paper | ₹9.51 Cr | 0.70% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹9.47 Cr | 0.69% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹8 Cr | 0.59% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹5.85 Cr | 0.43% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹4.99 Cr | 0.37% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹4.98 Cr | 0.37% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹4.98 Cr | 0.37% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹4.97 Cr | 0.36% |
| Small Industries Development Bank of India | Bond - Corporate Bond | ₹4.87 Cr | 0.36% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹4.87 Cr | 0.36% |
| Motilal Oswal Financial Services Ltd | Cash - Commercial Paper | ₹4.84 Cr | 0.36% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹4.8 Cr | 0.35% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹4.77 Cr | 0.35% |
| Kotak Mahindra Prime Limited | Bond - Corporate Bond | ₹2.98 Cr | 0.22% |
| Class A2 units of Alternative Investment Fund Units # | Mutual Fund - Open End | ₹2.75 Cr | 0.20% |
| 07.75 KA Sdl 2027 | Bond - Gov't/Treasury | ₹2.55 Cr | 0.19% |
| 7.38% Govt Stock 2027 | Bond - Gov't/Treasury | ₹1.02 Cr | 0.07% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹1.01 Cr | 0.07% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹826.6 Cr | 60.68% |
| Cash - CD/Time Deposit | ₹163.65 Cr | 12.01% |
| Bond - Gov't/Treasury | ₹162.08 Cr | 11.90% |
| Cash - Commercial Paper | ₹122.67 Cr | 9.01% |
| Bond - Short-term Government Bills | ₹24.27 Cr | 1.78% |
| Bond - Gov't Agency Debt | ₹24.22 Cr | 1.78% |
| Cash | ₹20.85 Cr | 1.53% |
| Cash - Repurchase Agreement | ₹15.11 Cr | 1.11% |
| Mutual Fund - Open End | ₹2.75 Cr | 0.20% |
Risk & Performance Ratios
Standard Deviation
This fund
0.62%
Cat. avg.
0.78%
Lower the better
Sharpe Ratio
This fund
0.55
Cat. avg.
-0.63
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.55
Higher the better
Fund Managers
BB
Basant Bafna
Since February 2024
Additional Scheme Detailsas of 15th October 2024
ISIN INF769K01BO9 | Expense Ratio 0.25% | Exit Load No Charges | Fund Size ₹1,151 Cr | Age 11 years 9 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark NIFTY Low Duration Debt TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Low Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Mahindra Manulife Low Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹576.67 Cr | 8.0% |
| Mahindra Manulife Low Duration Fund Regular Growth Low to Moderate Risk | 1.1% | 0.0% | ₹576.67 Cr | 7.2% |
| Tata Treasury Advantage Fund Regular Growth Low to Moderate Risk | 0.6% | 0.0% | ₹2532.18 Cr | 7.5% |
| Kotak Low Duration Fund Regular Growth Low to Moderate Risk | 1.2% | 0.0% | ₹10346.10 Cr | 7.3% |
| Mirae Asset Savings Fund Regular Growth Low to Moderate Risk | 0.8% | 0.0% | ₹1150.94 Cr | 7.1% |
| HDFC Low Duration Fund Regular Growth Low to Moderate Risk | 1.0% | 0.0% | ₹18018.65 Cr | 7.4% |
| Bandhan Low Duration Fund Regular Growth Low to Moderate Risk | 0.6% | 0.0% | ₹5627.45 Cr | 7.4% |
| Canara Robeco Savings Fund Regular Growth Low to Moderate Risk | 0.7% | 0.0% | ₹843.31 Cr | 7.4% |
| ICICI Prudential Savings Fund Regular Growth Low to Moderate Risk | 0.5% | 0.0% | ₹21265.93 Cr | 8.0% |
| Sundaram Low Duration Fund Regular Growth Low to Moderate Risk | 1.1% | 0.0% | ₹337.07 Cr | 7.3% |
About the AMC
Mirae Asset India Mutual Fund
Total AUM
₹1,97,338 Cr
Address
Unit No. 606, 6th Floor, Mumbai, 400 098
Other Funds by Mirae Asset India Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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We're here to help.
What is the current NAV of Mirae Asset Savings Fund Direct Growth?
The NAV of Mirae Asset Savings Fund Direct Growth, as of 30-Oct-2024, is ₹2330.07.
What are the returns of Mirae Asset Savings Fund Direct Growth?
The fund has generated 8.06% over the last 1 year and 6.41% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Mirae Asset Savings Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 69.01% in bonds, and 30.78% in cash and cash equivalents.
Who manages the Mirae Asset Savings Fund Direct Growth?
The fund managers responsible for Mirae Asset Savings Fund Direct Growth are:-
- Basant Bafna
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.