Mirae Asset Savings Fund Direct Growth

Fund Overview

Fund Size

₹595 Cr

Expense Ratio

0.19%

ISIN

INF769K01BO9

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

01 Jan 2013

About this fund

Mirae Asset Savings Fund Direct Growth is a Low Duration mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 11 years, 4 months and 17 days, having been launched on 01-Jan-13.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹2248.11, Assets Under Management (AUM) of 594.96 Crores, and an expense ratio of 0.19%.

Mirae Asset Savings Fund Direct Growth has given a CAGR return of 6.97% since inception.
The fund's asset allocation comprises around 0.00% in equities, 63.09% in debts, and 36.65% in cash & cash equivalents.
You can start investing in Mirae Asset Savings Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+7.42%

+6.08% (Cat Avg.)

3 Years

+5.73%

+5.12% (Cat Avg.)

5 Years

+5.83%

+5.05% (Cat Avg.)

10 Years

+6.73%

+5.61% (Cat Avg.)

Since Inception

+6.97%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2024

Debt	₹375.38 Cr	63.09%
Others	₹219.58 Cr	36.91%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
India (Republic of)	Bond - Short-term Government Bills	₹24.37 Cr	4.10%
Punjab National Bank	Bond - Gov't Agency Debt	₹23.65 Cr	3.98%
Power Finance Corporation Limited	Bond - Corporate Bond	₹19.96 Cr	3.35%
360 One Prime Ltd.	Cash - Commercial Paper	₹19.8 Cr	3.33%
ICICI Bank Limited	Cash - CD/Time Deposit	₹19.14 Cr	3.22%
Indian Bank	Bond - Gov't Agency Debt	₹18.77 Cr	3.15%
Embassy Office Parks Reit	Bond - Corporate Bond	₹17.88 Cr	3.00%
Ongc Petro Additions Limited	Bond - Corporate Bond	₹15.03 Cr	2.53%
Bajaj Housing Finance Limited	Bond - Corporate Bond	₹14.99 Cr	2.52%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹14.98 Cr	2.52%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹14.89 Cr	2.50%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)	Cash - CD/Time Deposit	₹14.62 Cr	2.46%
Au Small Finance Bank Limited	Cash - CD/Time Deposit	₹14.61 Cr	2.46%
Shriram Housing Finance Limited	Cash - Commercial Paper	₹14.61 Cr	2.46%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹14.58 Cr	2.45%
ICICI Bank Limited	Cash - CD/Time Deposit	₹14.47 Cr	2.43%
National Bank For Agriculture And Rural Development	Cash - CD/Time Deposit	₹14.22 Cr	2.39%
Rec Limited	Bond - Corporate Bond	₹12.91 Cr	2.17%
Axis Bank Limited	Cash - CD/Time Deposit	₹12.64 Cr	2.12%
Angel One Limited	Cash - Commercial Paper	₹11.96 Cr	2.01%
07.89 GJ Sdl 2025	Bond - Gov't/Treasury	₹10.06 Cr	1.69%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹10.02 Cr	1.68%
Motilal Oswal Finvest Limited	Bond - Corporate Bond	₹10.01 Cr	1.68%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹10 Cr	1.68%
Muthoot Finance Limited	Bond - Corporate Bond	₹9.99 Cr	1.68%
REC Ltd. 7.64%	Bond - Corporate Bond	₹9.98 Cr	1.68%
Cholamandalam Investment And Finance Company Limited	Bond - Corporate Bond	₹9.98 Cr	1.68%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹9.94 Cr	1.67%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹9.93 Cr	1.67%
Hdb Financial Services Limited	Bond - Corporate Bond	₹9.77 Cr	1.64%
Indostar Capital Finance Limited	Cash - Commercial Paper	₹9.76 Cr	1.64%
India (Republic of)	Bond - Short-term Government Bills	₹9.72 Cr	1.63%
Axis Bank Limited	Cash - CD/Time Deposit	₹9.5 Cr	1.60%
Kotak Mahindra Bank Ltd.	Bond - Corporate Bond	₹9.48 Cr	1.59%
HDFC Bank Ltd.	Bond - Corporate Bond	₹9.42 Cr	1.58%
HDFC Bank Limited	Cash - CD/Time Deposit	₹9.38 Cr	1.58%
Net Receivables / (Payables)	Cash	₹8.09 Cr	1.36%
Nexus Select Trust	Bond - Corporate Bond	₹7.47 Cr	1.26%
Bharti Telecom Limited	Bond - Corporate Bond	₹7 Cr	1.18%
Bharti Telecom Limited	Bond - Corporate Bond	₹6.01 Cr	1.01%
Birla Group Holdings Private Limited	Cash - Commercial Paper	₹5.63 Cr	0.95%
7.37% Govt Stock 2028	Bond - Gov't/Treasury	₹5.03 Cr	0.85%
Treps	Cash - Repurchase Agreement	₹4.99 Cr	0.84%
Embassy Office Parks Reit	Bond - Corporate Bond	₹4.99 Cr	0.84%
Mahindra & Mahindra Financial Services Ltd	Bond - Corporate Bond	₹4.99 Cr	0.84%
Axis Bank Limited	Cash - CD/Time Deposit	₹4.98 Cr	0.84%
Bajaj Finance Limited	Bond - Corporate Bond	₹4.98 Cr	0.84%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹4.98 Cr	0.84%
7.06% Govt Stock 2028	Bond - Gov't/Treasury	₹4.98 Cr	0.84%
Power Finance Corporation Limited	Bond - Corporate Bond	₹4.97 Cr	0.83%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹4.94 Cr	0.83%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹4.91 Cr	0.83%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹4.91 Cr	0.82%
India (Republic of)	Bond - Short-term Government Bills	₹4.88 Cr	0.82%
Motilal Oswal Financial Services Ltd	Cash - Commercial Paper	₹4.65 Cr	0.78%
07.75 KA Sdl 2027	Bond - Gov't/Treasury	₹2.52 Cr	0.42%
Class A2 units of Alternative Investment Fund Units #	Mutual Fund - Open End	₹1.55 Cr	0.26%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹1.49 Cr	0.25%
7.38% Govt Stock 2027	Bond - Gov't/Treasury	₹1.01 Cr	0.17%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Corporate Bond	₹295.36 Cr	49.64%
Cash - CD/Time Deposit	₹113.57 Cr	19.09%
Cash - Commercial Paper	₹66.4 Cr	11.16%
Bond - Gov't Agency Debt	₹42.42 Cr	7.13%
Bond - Short-term Government Bills	₹38.98 Cr	6.55%
Bond - Gov't/Treasury	₹23.59 Cr	3.97%
Cash	₹8.09 Cr	1.36%
Cash - Repurchase Agreement	₹4.99 Cr	0.84%
Mutual Fund - Open End	₹1.55 Cr	0.26%

Risk & Performance Ratios

Standard Deviation

This fund

0.62%

Cat. avg.

0.90%

Lower the better

Sharpe Ratio

This fund

0.28

Cat. avg.

-0.61

Higher the better

Sortino Ratio

This fund

Cat. avg.

-0.24

Higher the better

Fund Managers

Basant Bafna

Since February 2024

Additional Scheme Detailsas of 30th April 2024

	ISIN	INF769K01BO9		Expense Ratio	0.19%		Exit Load	No Charges		Fund Size	₹595 Cr		Age	01 Jan 2013		Lumpsum Minimum	₹5,000		Fund Status	Open Ended Investment Company		Benchmark	NIFTY Low Duration Debt TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal (irrespective of holding period)

Realised Gain (capital gains) are taxed at your marginal income tax rate

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Low Duration Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mahindra Manulife Low Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹561.13 Cr	7.6%
Mahindra Manulife Low Duration Fund Regular Growth Moderate Risk	1.1%	0.0%	₹561.13 Cr	6.8%
Tata Treasury Advantage Fund Regular Growth Low to Moderate Risk	0.6%	0.0%	₹2349.85 Cr	6.9%
Kotak Low Duration Fund Regular Growth Moderate Risk	1.2%	0.0%	₹9235.14 Cr	6.8%
Mirae Asset Savings Fund Regular Growth Moderate Risk	0.9%	0.0%	₹594.96 Cr	7.1%
HDFC Low Duration Fund Regular Growth Low to Moderate Risk	1.1%	0.0%	₹16714.34 Cr	7.1%
Bandhan Low Duration Fund Regular Growth Low to Moderate Risk	0.6%	0.0%	₹5228.75 Cr	6.9%
Canara Robeco Savings Fund Regular Growth Low to Moderate Risk	0.6%	0.0%	₹836.57 Cr	7.0%
ICICI Prudential Savings Fund Regular Growth Moderate Risk	0.5%	0.0%	₹18176.12 Cr	7.8%
Sundaram Low Duration Fund Regular Growth Low to Moderate Risk	1.0%	0.0%	₹514.99 Cr	6.6%

About the AMC

Mirae Asset India Mutual Fund

022-6780 0300

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

Total AUM

₹1,63,012 Cr

Address

Unit No. 606, 6th Floor, Mumbai, 400 098

Other Funds by Mirae Asset India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹1406.88 Cr	-
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.4%	1.0%	₹3351.36 Cr	37.7%
Mirae Asset Cash Management Direct Growth Low to Moderate Risk	0.1%	0.0%	₹10073.98 Cr	7.4%
Mirae Asset Emerging Bluechip Direct Growth Very High Risk	0.6%	1.0%	₹34974.46 Cr	40.7%
Mirae Asset Large Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹38060.19 Cr	24.0%
Mirae Asset Savings Fund Direct Growth Moderate Risk	0.2%	0.0%	₹594.96 Cr	7.4%
Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹145.28 Cr	7.6%
Mirae Asset Focused Fund Direct Growth Very High Risk	0.6%	1.0%	₹8312.74 Cr	18.4%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹155.33 Cr	6.6%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹1570.17 Cr	82.7%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹8545.85 Cr	25.3%
Mirae Asset Equity Allocator Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹705.09 Cr	34.9%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Very High Risk	0.6%	0.0%	₹111.07 Cr	28.2%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹531.86 Cr	48.5%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹795.72 Cr	6.8%
Mirae Asset Ultra Short Duration Fund Direct Growth Moderate Risk	0.2%	0.0%	₹1463.94 Cr	7.6%
Mirae Asset Flexi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹1815.41 Cr	33.8%
Mirae Asset Banking and Financial Services Fund Direct Growth Very High Risk	0.6%	1.0%	₹1702.61 Cr	24.3%
Mirae Asset Multicap Fund Direct Growth Very High Risk	0.4%	1.0%	₹2683.33 Cr	-
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹78.52 Cr	60.1%
Mirae Asset Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹22471.76 Cr	36.2%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹83.22 Cr	6.8%
Mirae Asset Corporate Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹49.85 Cr	6.6%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Very High Risk	0.8%	0.0%	₹72.50 Cr	7.2%
Mirae Asset Equity Savings Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1019.74 Cr	17.7%
Mirae Asset Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹59.30 Cr	6.7%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Very High Risk	0.9%	1.0%	₹316.95 Cr	44.0%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Very High Risk	2.0%	1.0%	₹95.84 Cr	2.2%
Mirae Asset Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹865.39 Cr	6.8%
Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹346.19 Cr	7.0%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹225.99 Cr	6.2%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹103.31 Cr	6.9%
Mirae Asset Healthcare Fund Direct Growth Very High Risk	0.5%	1.0%	₹2236.01 Cr	52.1%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹1870.00 Cr	8.5%
Mirae Asset Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹15139.44 Cr	53.0%
Mirae Asset Balanced Advantage Fund Direct Growth High Risk	0.7%	1.0%	₹1570.06 Cr	22.3%

Risk Level

Your principal amount will be at Moderate Risk

Still got questions?
We're here to help.

What is the current NAV of Mirae Asset Savings Fund Direct Growth?

The NAV of Mirae Asset Savings Fund Direct Growth, as of 17-May-2024, is ₹2248.11.

What are the returns of Mirae Asset Savings Fund Direct Growth?

The fund has generated 7.42% over the last 1 year and 5.73% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Mirae Asset Savings Fund Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 63.09% in bonds, and 36.65% in cash and cash equivalents.

Who manages the Mirae Asset Savings Fund Direct Growth?

The fund managers responsible for Mirae Asset Savings Fund Direct Growth are:-

Basant Bafna

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Mirae Asset Savings Fund Direct Growth

Fund Overview