Mirae Asset Savings Fund Direct Plan Growth

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.