Mirae Asset Savings Fund - Direct Plan - Growth

Fixed Income | Low Duration Fund

(NAV as of 17/05/2024)

2248.11 (0.01)

3Y Returns

5.7%

Min SIP

₹1000

Min Lumpsum

₹5000

Expense Ratio

0.29%

Fund Size

₹553 Cr

Inception Date

01-Jan-13

Fund Manager

Kruti Chheta

Exit Load

Nil.

Wealthzi View

Fund Traits

Zi Tags

Description

Interest Rate Sensitivity

This fund has a modified duration of less than 1.5 years, thus it has low interest rate sensitivity.

Net Yield to Maturity

Net YTM of this fund is among the mid quartile in Low Duration Fund category.

Fund Size

This fund has a low range AUM which may create liquidity issues in unforeseen times.

1Y Returns

1 year returns of this fund are among the mid quartile in Low Duration Fund category.

Portfolio Credit Quality

This fund has some portfolio holdings in AA rated bonds and papers.

Bad Credit Event

This fund has not observed any bad credit event in the last 5 years.

Overall Fund Zi Tag

Interest Rate Sensitivity

→

Net Yield to Maturity

→

Fund Size

→

1Y Returns

→

Portfolio Credit Quality

→

Bad Credit Event

→

Overall Fund Zi Tag

Asset Allocation

Equity

0.00%

Debt & Others

100.00%

Market Cap Allocation

Large Cap

0.00%

Mid Cap

0.00%

Small Cap

0.00%

Other Cap

100.00%

Sector Allocation

Finance

40.42%

Banks

39.76%

Govt-Sec

10.21%

Cash/Deposits/Margins/Treps/Repo/Swaps

4.00%

Chemicals

2.85%

Top Ten Holdings

Axis Bank Limited (MD 20/03/2024) ** #

4.70%

Punjab National Bank (MD 02/04/2024) #

4.68%

Small Industries Dev Bank of India (MD 06/06/2024) ** #

4.62%

7.06% Government of India (MD 10/04/2028)

3.80%

Angel One Limited (MD 15/02/2024) **

3.03%

Investment Objective

The Investment Objective Of The Scheme Is To Seek To Generate Returns With A Portfolio Comprising Of Debt And Money Market Instruments, Such That Macaulay Duration Of The Portfolio Is Between 6 Months - 12 Months. The Scheme Does Not Guarantee Any Returns.

Fund House Detail

AMC Name

Mirae Asset Investment Managers (India) Private Limited

Scheme Document

https://www.miraeassetmf.co.in/downloads/forms

Address

Unit 606, 6th Floor, Windsor,Off CST Road, Kalina, Santacruz (E),Mumbai - 400 098

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Canara Robeco Savings Fund Direct Growth

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5.89%

Pgim India Low Duration Fund - Direct Plan - Growth - Growth

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0.99%

Hsbc Low Duration Fund Fund Direct Plan - Growth

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1.31%

Baroda Bnp Paribas Low Duration Fund Direct Plan Growth

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