Mirae Asset Saving Fund - Reg Saving Plan Growth
Mirae Asset Saving Fund - Reg Saving Plan Growth1Morning Star
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Min amount: ₹1,000
- Fund Summary
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- Why Cleartax
|Risk||Moderately Low risk|
|Fund Type||Low Duration|
More about this fund
|Housing Development Finance Corporation Limited||4.24%|
|HDB FINANCIAL SERVICES LIMITED||3.44%|
|L&T Finance Limited||3.4%|
|Rural Electrification Corporation Limited||2.56%|
|L&T Finance Limited||1.71%|
|HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED (HUDCO)||1.71%|
|MUTHOOT FINANCE LIMITED||1.7%|
|Reliance Industries Limited||1.7%|
About Mirae Asset Savings Fund
The Mirae Asset Savings Fund is an open-ended, low-duration debt scheme. It seeks to generate returns over the short to medium-term duration by investing in a portfolio of debt securities and money market instruments. The scheme ensures that the Macaulay Duration of the portfolio is between 6 and 12 months.
Pros & Cons of Mirae Asset Savings Fund
? This scheme is suitable for investors who want to invest their funds in debt and money market instruments for a short period of time. ? The scheme uses a top-down approach for allocating sectors and a bottom-up approach for selecting instruments. ? As on September 30, 2018, the scheme is not ranked under CRISIL’s Low Duration Fund category. Further, it has generated returns of 6.85% per year over the last 5 years (as on January 04, 2019).
Fund Information and Statistics of Mirae Asset Savings Fund
i) Inception / Launch Date
The scheme was launched on 05 March 2008 by Mirae Asset Mutual Fund.
ii) Risk Level
The scheme invests in debt securities and money market instruments keeping the Macaulay Duration of the portfolio between 6 and 12 months. It has a moderately-low risk level associated with it.
The redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.
iv) Fund Manager(s)
Mr. Mahendra Kumar Jajoo is the Fund Manager of the Mirae Asset Savings Fund since September 2016.
v) Entry / Exit Load
There is no entry load in this scheme. The exit load structure is as follows: ? If the units are redeemed after 365 days from the date of allotment of the said units, then the exit load = Nil ? If the units are redeemed within 365 days from the date of allotment of the said units, then the exit load = 1% of the applicable NAV
Tax benefits of investing in Mirae Asset Savings Fund
The following taxes are applicable to income arising from investing in this scheme: ? STCG from the debt component is added to the investor’s income and taxed as per the income-tax slab. ? LTCG component is taxed at 20% with indexation benefits.
About Mirae Asset Mutual Fund
In November 2007, Mirae Asset Mutual Fund was established in India with a capital of US$ 50 million. The fund house offers a wide array of investment options to investors including thematic schemes, equity and debt schemes, hybrid schemes, fixed income schemes, etc.
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Min amount: ₹1,000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns