Mirae Asset Saving Fund - Reg Saving Plan Growth - Latest NAV, Returns, Performance & Portfolio

Mirae Asset Saving Fund - Reg Saving Plan Growth

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    6.33%
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    (+1.31)1685.7445

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Min amount: ₹1,000

Calculate Returns

Rs. 2,000 invested monthly becomes Rs. 9.66 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years6.33%
3 Years6.02%
1 Year5.08%
6 Months2.64%
Fund Details
ISININF769K01937
RiskModerately Low risk
Fund TypeLow Duration
NAV1685.7445
Exit Load--

More about this fundstar

Top HoldingsWeightage
Housing Development Finance Corporation Limited4.24%
HDB FINANCIAL SERVICES LIMITED3.44%
L&T Finance Limited3.4%
Rural Electrification Corporation Limited2.56%
Vedanta Limited2.54%
L&T Finance Limited1.71%
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED (HUDCO)1.71%
GOVT STOCK1.7%
MUTHOOT FINANCE LIMITED1.7%
Reliance Industries Limited1.7%

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.

iii) Redemption

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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Start your investment

Min amount: ₹1,000

Calculate Returns

Rs. 2,000 invested monthly becomes Rs. 9.66 Lakhs in a period of 20 years
Moderately Low risk

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