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Mirae Asset Saving Fund Direct Plan Monthly Dividend Payout

Debt

  

Low Duration Fund

NAV

1164.814 + 0.5933

as on (03 Apr, 2020)

RETURNS

4.68 %

Fund Type

Open Ended

Investment Plan

Dividend Payout

Expense Ratio

0.34 %

Benchmark

Crisil Low Duration Debt Index TR INR

Asset Size

594.15 Cr.

(As of 30 Apr, 2019)

Risk

Moderately Low

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.

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Fund manager

Mahendra Jajoo

(since 08 Sep, 2016)

Exit load

N / A

Minimum sip

₹ 1000

minimum investment

₹ 5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

Rural Electrification Corporation Limited

6.41 %

Indian Railway Finance Corporation Limited

6.4 %

Reliance Jio Infocomm Limited

6.39 %

Piramal Enterprises Limited

6.39 %

Sector Allocation

About the Scheme Type

Low Duration Fund

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Ratings

This fund is rated 3 stars by Morning Star Ratings.

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Overview of Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset was founded in 1997 in the wake of the Asian financial crisis with a vision of and dedication to serving clients in a way to help them build wealth for life with proven investment strategies. As on 12th March 2019, Mirae Asset Management’s AUM (Assets under Management) had crossed the important threshold of Rs 25,000 Cr (Rs 22,000 in equity and Rs 3,100 in debt), witnessing a growth of over 50% in calendar year 2018.

  • Mirae Asset Global Investments (India) Pvt. Ltd. was established in India, in November 2007, with a seed capital of US$ 50 million

  • Mirae Asset Mutual Fund is sponsored by Mirae Asset Global Investments Co. Limited, South Korea

  • Mirae Asset present in India as a Foreign Institutional Investor (FII) since 2004

  • Mirae Asset Global Investments India provides advisory services to Hong Kong & Korean offices

  • Mix of domestic and international businesses providing stable growth for Mirae Asser India business