Mirae Asset Savings Fund Direct Plan Growth
Min amount: ₹1,000
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately Low risk|
|Fund Type||Low Duration|
More about this fund
|91 DTB 01042021||4.2%|
|Hindustan Petroleum Corporation Limited||3.9%|
|08.38 KA SDL 2022||2.5%|
|6.18% Govt Stock 2024||1.95%|
|3.96% Govt Stock 2022||1.87%|
|Housing Development Finance Corporation Limited||1.86%|
|National Bank For Agriculture and Rural Development||1.46%|
|HDB Financial Services Limited||1.42%|
|National Housing Bank||1.42%|
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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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