Mirae Asset Savings Fund Direct Plan Growth
Fund overview
 Net Asset Value 1940.13 |  AUM (Fund size) 1,057.53 Crore |  Lock-in period 0 |
 Exit Load 0 % for 0 days |  Expense ratio 0.28% |  Risk Low to Moderate Risk |
Top holdings
| Holdings | Weightage |
|---|---|
| Triparty Repo | 16.59% |
| Manappuram Finance Limited | 5.23% |
| IIFL Wealth Prime Limited | 4.72% |
| ICICI Securities Limited | 4.66% |
| Hindustan Petroleum Corporation Limited | 3.87% |
| Net Receivables / (Payables) | 3.5% |
| 8.60% Tamil Nadu SDL 2023 | 2.48% |
| Power Finance Corporation Limited | 2.43% |
| 8.15% Govt Stock 2022 | 2.42% |
| NTPC Limited | 2.4% |
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About Mirae Asset Savings Fund - Direct Plan - Growth
Mirae Asset Savings Fund mainly invests in debt and money market instruments having short maturity periods. The Macaulay duration of this fund ranges from 6 months to 12 months. As this fund invests heavily in fixed income securities, the risk-averse investors may consider investing in this fund.
Pros and Cons of Mirae Asset Savings Fund - Direct Plan - Growth
Investing in Mirae Asset Savings Fund is an excellent way of gaining exposure to a diversified portfolio consisting of debt and money market instruments. This fund is suitable for investors having an investment horizon of one to two years. On the flip side, the returns are curtailed as the fund invests predominantly in fixed income assets.
Fund Information and Statistics
i) Inception/Launch Date Mirae Asset Savings Fund was launched on 26 June 2012.
ii) Risk Level As per the Mirae Asset Mutual Fund, the risk possed by Mirae Asset Savings Fund is low. Hence, this fund is apt for risk-averse investors.
iii) Redemption Mirae Asset Mutual Fund is an open-ended mutual fund scheme, and hence, you can redeem your investment any time. However, you have to be mindful of the tax implications and exit load.
iv) Fund Manager Mr Mahendra Jajoo is the current fund manager of Mirae Asset Savings Fund.
v) Entry/Exit Load There is no entry load as per the SEBI norms. Redemption of up to 15% of the units allocated within 365 days attracts no exit load. However, the redemption of units in excess of 15% is processed at an exit load of 1%. No exit load applies after 365 days of investment.
About Mirae Asset Mutual Fund
As per the norms of the Securities and Exchange Board of India (SEBI), Mirae Asset Mutual Fund registered with the Indian market regulator with Mirae Asset Trustee Company Private Limited and Mirae Asset Global Investments Company Limited-Seoul, Korea, as the trustee and sponsor respectively in November 2007.
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Frequently Asked Questions
What are equity funds?
Equity funds are schemes which concentrate their investments in shares of companies of different market capitalization
What is recommended investment duration?
It is the suggested period for which one should invest in a mutual fund. It does not mean that the money will be locked-in for that period. While the investor can withdraw the money anytime before, it is advisable to stay invested for the suggested period to reap the best benefits (returns).
What are large cap, mid cap, small cap and multi cap equity funds?
SEBI ranks all listed companies based on the overall market capitalization (total value of outstanding shares). Equity funds are schemes which concentrate their investments in shares of companies of different market capitalization. Large-cap funds invest in top 100 companies Mid-cap funds invest in companies ranking from 101 to 250 Small-cap funds invest in companies ranking from 251st onwards Multi-cap funds invest in small cap, mid cap and large cap companies
What are liquid funds?
Liquid funds is a type of mutual funds which have a very short maturity period, not more than 91 days. The shorter maturity period, makes it almost a risk-free investment. Investing in mutual funds will give you higher returns as compared to a savings account which generally offer interests below 4%. At the same time, you can get your money out of liquid funds any time without any penalty or cost.
What are ELSS funds?
ELSS funds are tax saving mutual funds, in which majority of the funds are invested in equity schemes. ELSS has a lock-in period of 3 years. ELSS has benefits over other conventional tax saving instruments like FDs, NPS, etc. It has the lowest lock in period and the returns are higher than the other tax-saving schemes.
What are Balanced/ Hybrid funds?
Hybrid funds are mutual funds in which the fund manager allocates your money in both equity and debt in a certain ratio. The ratio is decided when the fund is announced and it remains constant throughout.
What are annualized returns?
The return for a period more than 1 year is annualized. For instance, a 3-Year Return (annualized) of 18% means the fund gave 18% return each year, on an average, for the last 3 years. An initial investment of Rs 1000 would have grow into: Rs 1000*1.18*1.18*1.18 = Rs 1643 in 3 years.
What is a lock-in period?
It is the period for which your money will remain locked in the mutual fund. Most mutuals do not have any lock-in period. ELSS, Tax-Savers, come with a lock-in of 3 years which is the lowest compared to other 80C investment options.
Should I choose Monthly SIP or One time investment?
An SIP allows you to invest a fixed sum regularly in mutual fund(s) of your choice. A one-time investment is when you invest on-time in bulk in mutual fund(s). SIP comes with few advantages: It allows you to invest small amount every month without the stress of paying in bulk. Investing all through the year averages the cost of investing - you don?t end up paying too much per unit of mutual fund. Gives you financial discipline
Is KYC necessary for ClearTax?
KYC is necessary for all fund houses. If you are investing through ClearTax, you need to do your KYC just once. The same KYC will be used for all further investments.
How to do KYC on ClearTax?
KYC verification through ClearTax is a very simple process. You can verify by: Using OTP sent to your Aadhaar-registered mobile number OR By uploading photos/scans of the required documents
Will the NAV be alloted on the same day as the date of payment?
Once the payment is successful and the KYC is complete, the NAV allocation is expected to be done by the next working day of the date of payment. In case of bank and trading market holidays, delay in allocation is expected from the Fund Houses
How much time will it take to get the folio number after the payment?
It takes 2-3 working days to get the folio number once we receive the payment and transaction is processed to the respective Fund House.
What are short terms funds?
Short term funds are mainly those funds which invest in instruments with short maturities, ranging from 1-3 years. These are ideal for conservative investors as they are not majorly affected by interest rate movement.
What are debt-funds?
Debt funds is an investment vehicle that mainly invest in fixed income securities like corporate bonds, treasury bills, government securities and other money market instruments.
What are Bluechip funds?
Bluechip funds are those funds that invest in stocks of well established companies which have proved to perform financially well over a long period of time.
