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Fincash » Mutual Funds » Mirae Asset Savings Fund

Mirae Asset Savings Fund - G

NAV  ₹2,169.37 ↑ 0.07  (0.00 %) as on 24 Dec 24

Scheme Objective

The investment objective of the scheme is to seek to generate returns with low volatility and higher liquidity through a portfolio of debt and money market instruments. The scheme does not guarantee any returns.

Mirae Asset Savings Fund is a Debt - Low Duration fund launched on 5 Mar 08. It is a fund with Moderately Low risk and has given a CAGR return of 4.7% since its launch.  Ranked 84 in Low Duration category.  Return for 2023 was 6.6% , 2022 was 4% and 2021 was 3.1% .

Below is the key information for Mirae Asset Savings Fund

NAV as on 24 Dec 24₹2,169.37 ↑ 0.07  (0.00 %)
Net Assets (AUM) as on 30 Nov 2024 ₹1,164 Cr.
Launch Date5 Mar 2008
CategoryDebt - Low Duration
Rating
TypeOpen Ended Fund
RiskModerately Low
Yield To Maturity7.59%
Effective Maturity11 Months 9 Days
Modified Duration10 Months 6 Days
Alpha Ratio0.0
Expense Ratio0.72 %
Sharpe Ratio1.831
Information Ratio0.0
BenchmarkNot Available
ISININF769K01937
AMCMirae Asset Global Inv (India) Pvt. Ltd
Min Investment ₹5,000
Min SIP Investment ₹1,000
Exit Load NIL

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Dec 24

DurationReturns
1 Month 0.5%
3 Month 1.7%
6 Month 3.5%
1 Year 7.4%
3 Year 5.9%
5 Year 5.5%
10 Year
15 Year
Since launch 4.7%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 6.6%
2022 4%
2021 3.1%
2020 6.7%
2019 5.8%
2018 6.6%
2017 5.8%
2016 6.9%
2015 7%

Growth of 10k Over Years

DateValue
30 Nov 19₹10,000
30 Nov 20₹10,633
30 Nov 21₹10,959
30 Nov 22₹11,362
30 Nov 23₹12,099
30 Nov 24₹12,994

Asset Allocation

Asset ClassValue
Cash19.47%
Debt80.31%
Other0.22%

Sector Allocation

SectorValue
Corporate61.77%
Cash Equivalent19.47%
Government18.54%
RatingValue
AA5.35%
AAA94.65%

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
LIC Housing Finance Ltd
Debentures | -
5%₹64 Cr6,500,000
Rural Electrification Corporation Limited
Debentures | -
4%₹50 Cr5,000,000
Axis Bank Ltd.
Debentures | -
3%₹48 Cr5,000,000
↑ 5,000,000
HDFC Bank Limited
Debentures | -
3%₹48 Cr4,800,000
↑ 200,000
Power Finance Corporation Limited
Debentures | -
3%₹45 Cr4,500,000
Indian Railway Finance Corporation Limited
Debentures | -
3%₹40 Cr4,000,000
↑ 3,000,000
National Bank For Agriculture And Rural Development
Debentures | -
3%₹40 Cr4,000,000
↑ 2,000,000
Power Finance Corporation Ltd.
Debentures | -
2%₹34 Cr3,400,000
7.93% Govt Stock 2033
Sovereign Bonds | -
2%₹31 Cr3,000,000
364 DTB 05122024
Sovereign Bonds | -
2%₹30 Cr3,000,000
1 - 10 of 85
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Fund Managers

NameSinceTenure
Basant Bafna1 Feb 240.83 Yr.

Custodians

CompanyAddress
Deutsche Bank AGDeutsche Bank AG,Kodak House, 22, D.N. Road,

Registrar & Transfer Agent

KFin Technologies Ltd
Address138 -Suyesh Solitaire, Nr. Podar International School,Kudasan, Gandhinagar, Gujarat
FAXN.A
EmailN.A

Administrator Companies

CompanyAddress
Mirae Asset Investment Managers (India) Private LimitedMirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098

Auditors

CompanyAddress
M/s. Chokshi & Chokshi101/102, Kshamalaya 1st Floor,,37, Sir V. Thackersey Marg,

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
Mirae Asset Savings Fund
Growth
₹2,169.37
↑ 0.07
3.53 %7.36 %5.93 %5.5 %
Mirae Asset Savings Fund
Weekly Dividend, Reinvestment
₹1,107.19
↑ 0.04
3.53 %7.42 %5.99 %5.47 %
Mirae Asset Savings Fund
Quarterly Dividend, Reinvestment
₹1,016.62
↑ 0.03
3.46 %7.24 %5.91 %5.68 %
Mirae Asset Savings Fund
Quarterly Dividend, Payout
₹1,016.62
↑ 0.03
3.46 %7.24 %5.91 %5.68 %
Mirae Asset Savings Fund
Monthly Dividend, Reinvestment
₹1,087.14
↓ -4.79
2.47 %6.27 %5.58 %5.22 %
Mirae Asset Savings Fund
Monthly Dividend, Payout
₹1,087.14
↓ -4.79
2.47 %6.27 %5.58 %5.22 %
Mirae Asset Savings Fund
Daily Dividend, Reinvestment
₹1,005.16
1.76 %5.48 %5.32 %5.05 %
Data as on 24 Dec 24

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.