Mirae Asset Savings Fund Regular Growth
DebtLow DurationLow to Moderate Risk
Regular
NAV (31-Oct-19)
₹1963.070.06%1D
Returns (Since Inception)
5.96%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹1,021 Cr
Expense Ratio
0.86%
ISIN
INF769K01846
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
05 Mar 2008
About this fund
Mirae Asset Savings Fund Regular Growth is a Low Duration mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 16 years, 6 months and 7 days, having been launched on 05-Mar-08.
As of 31-Oct-19, it has a Net Asset Value (NAV) of ₹1963.07, Assets Under Management (AUM) of 1021.27 Crores, and an expense ratio of 0.86%.
As of 31-Oct-19, it has a Net Asset Value (NAV) of ₹1963.07, Assets Under Management (AUM) of 1021.27 Crores, and an expense ratio of 0.86%.
- Mirae Asset Savings Fund Regular Growth has given a CAGR return of 5.96% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 62.48% in debts, and 37.33% in cash & cash equivalents.
- You can start investing in Mirae Asset Savings Fund Regular 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
+7.08%
+6.57% (Cat Avg.)
3 Years
+6.33%
+5.58% (Cat Avg.)
5 Years
+6.58%
+5.66% (Cat Avg.)
10 Years
+6.70%
+5.68% (Cat Avg.)
Since Inception
+5.96%
— (Cat Avg.)
Portfolio Summaryas of 15th August 2024
| Debt | ₹638.07 Cr | 62.48% |
| Others | ₹383.2 Cr | 37.52% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹64.21 Cr | 4.56% |
| Canara Bank | Cash - CD/Time Deposit | ₹58.67 Cr | 4.16% |
| 182 DTB 28112024 | Bond - Gov't/Treasury | ₹53.99 Cr | 3.83% |
| Canara Bank | Cash - CD/Time Deposit | ₹48.3 Cr | 3.43% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹48.27 Cr | 3.42% |
| Rec Limited | Bond - Corporate Bond | ₹43.9 Cr | 3.12% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹40.12 Cr | 2.85% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹34.23 Cr | 2.43% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹32.92 Cr | 2.34% |
| 8.34% Govt Stock 2033 | Bond - Gov't/Treasury | ₹30.85 Cr | 2.19% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹29.95 Cr | 2.13% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹29.94 Cr | 2.12% |
| Angel One Limited | Cash - Commercial Paper | ₹29.81 Cr | 2.11% |
| 364 DTB 05122024 | Bond - Gov't/Treasury | ₹29.4 Cr | 2.09% |
| Treps | Cash - Repurchase Agreement | ₹25.82 Cr | 1.83% |
| Rec Limited | Bond - Corporate Bond | ₹24.89 Cr | 1.77% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹24.49 Cr | 1.74% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹24.34 Cr | 1.73% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹24.16 Cr | 1.71% |
| Net Receivables / (Payables) | Cash - Collateral | ₹24.1 Cr | 1.71% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹23.81 Cr | 1.69% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹23.73 Cr | 1.68% |
| Muthoot Finance Limited | Cash - Commercial Paper | ₹23.41 Cr | 1.66% |
| 364 DTB 12122024 | Bond - Gov't/Treasury | ₹22.51 Cr | 1.60% |
| Mahindra & Mahindra Financial Services Ltd | Bond - Corporate Bond | ₹20.99 Cr | 1.49% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹19.9 Cr | 1.41% |
| Kotak Mahindra Prime Limited | Bond - Corporate Bond | ₹19.89 Cr | 1.41% |
| Motilal Oswal Financial Services Limited | Cash - Commercial Paper | ₹19.58 Cr | 1.39% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹19.56 Cr | 1.39% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹18.56 Cr | 1.32% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹18.41 Cr | 1.31% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹17.05 Cr | 1.21% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹16.07 Cr | 1.14% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹16.01 Cr | 1.14% |
| National Housing Bank | Bond - Corporate Bond | ₹15.05 Cr | 1.07% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹14.94 Cr | 1.06% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹14.91 Cr | 1.06% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹14.88 Cr | 1.06% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹14.72 Cr | 1.04% |
| Indostar Capital Finance Limited | Cash - Commercial Paper | ₹14.72 Cr | 1.04% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹14.69 Cr | 1.04% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹14.53 Cr | 1.03% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹14.43 Cr | 1.02% |
| 7.32% Govt Stock 2030 | Bond - Gov't/Treasury | ₹10.24 Cr | 0.73% |
| 7.37% Govt Stock 2028 | Bond - Gov't/Treasury | ₹10.21 Cr | 0.72% |
| HDFC Bank Ltd. 8.46% | Bond - Corporate Bond | ₹10.08 Cr | 0.72% |
| 07.89 GJ Sdl 2025 | Bond - Gov't/Treasury | ₹10.07 Cr | 0.71% |
| Motilal Oswal Finvest Limited | Bond - Corporate Bond | ₹10.05 Cr | 0.71% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹10.02 Cr | 0.71% |
| Ongc Petro Additions Limited 8.12% | Bond - Corporate Bond | ₹10 Cr | 0.71% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹9.99 Cr | 0.71% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹9.99 Cr | 0.71% |
| Ongc Petro Additions Limited | Bond - Corporate Bond | ₹9.99 Cr | 0.71% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹9.91 Cr | 0.70% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹9.79 Cr | 0.69% |
| Angel Broking Limited | Cash - Commercial Paper | ₹9.72 Cr | 0.69% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹9.63 Cr | 0.68% |
| Shriram Transport Finance Company Limited | Cash - Commercial Paper | ₹9.61 Cr | 0.68% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹9.6 Cr | 0.68% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹9.56 Cr | 0.68% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹9.45 Cr | 0.67% |
| National Bank For Agriculture And Rural Development | Cash - Commercial Paper | ₹9.39 Cr | 0.67% |
| Nexus Select Trust | Bond - Corporate Bond | ₹7.5 Cr | 0.53% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹7.02 Cr | 0.50% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹5.76 Cr | 0.41% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹5 Cr | 0.35% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹4.99 Cr | 0.35% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹4.97 Cr | 0.35% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹4.97 Cr | 0.35% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹4.96 Cr | 0.35% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹4.88 Cr | 0.35% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹4.8 Cr | 0.34% |
| Motilal Oswal Financial Services Ltd | Cash - Commercial Paper | ₹4.76 Cr | 0.34% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹4.74 Cr | 0.34% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹4.71 Cr | 0.33% |
| Hero Fincorp Limited | Bond - Corporate Bond | ₹4.01 Cr | 0.28% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹3.01 Cr | 0.21% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹3 Cr | 0.21% |
| Class A2 units of Alternative Investment Fund Units # | Mutual Fund - Open End | ₹2.73 Cr | 0.19% |
| 07.75 KA Sdl 2027 | Bond - Gov't/Treasury | ₹2.54 Cr | 0.18% |
| 7.38% Govt Stock 2027 | Bond - Gov't/Treasury | ₹1.02 Cr | 0.07% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹1.01 Cr | 0.07% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹1 Cr | 0.07% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹685.57 Cr | 48.64% |
| Cash - CD/Time Deposit | ₹325.46 Cr | 23.09% |
| Bond - Gov't/Treasury | ₹170.83 Cr | 12.12% |
| Cash - Commercial Paper | ₹150.72 Cr | 10.69% |
| Cash - Repurchase Agreement | ₹25.82 Cr | 1.83% |
| Bond - Gov't Agency Debt | ₹24.16 Cr | 1.71% |
| Cash - Collateral | ₹24.1 Cr | 1.71% |
| Mutual Fund - Open End | ₹2.73 Cr | 0.19% |
| Bond - Short-term Government Bills | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
1.08%
Cat. avg.
0.86%
Lower the better
Sharpe Ratio
This fund
-0.07
Cat. avg.
-0.65
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.35
Higher the better
Fund Managers
BB
Basant Bafna
Since February 2024
Additional Scheme Detailsas of 15th August 2024
ISIN | INF769K01846 | Expense Ratio | 0.86% | Exit Load | No Charges | Fund Size | ₹1,021 Cr | Age | 05 Mar 2008 | 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
Capital Gains Taxation:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only 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 Low to Moderate Risk | 0.3% | 0.0% | ₹555.40 Cr | 7.8% |
| Mahindra Manulife Low Duration Fund Regular Growth Low to Moderate Risk | 1.1% | 0.0% | ₹555.40 Cr | 6.9% |
| Tata Treasury Advantage Fund Regular Growth Low to Moderate Risk | 0.6% | 0.0% | ₹2641.14 Cr | 7.2% |
| Kotak Low Duration Fund Regular Growth Low to Moderate Risk | 1.2% | 0.0% | ₹9489.09 Cr | 6.9% |
| Mirae Asset Savings Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹1021.27 Cr | 7.1% |
| HDFC Low Duration Fund Regular Growth Low to Moderate Risk | 1.0% | 0.0% | ₹17940.45 Cr | 7.1% |
| Bandhan Low Duration Fund Regular Growth Low to Moderate Risk | 0.6% | 0.0% | ₹5879.14 Cr | 7.1% |
| Canara Robeco Savings Fund Regular Growth Low to Moderate Risk | 0.6% | 0.0% | ₹1002.41 Cr | 7.2% |
| ICICI Prudential Savings Fund Regular Growth Low to Moderate Risk | 0.5% | 0.0% | ₹19744.04 Cr | 7.7% |
| Sundaram Low Duration Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹379.61 Cr | 7.1% |
About the AMC
Total AUM
₹1,93,693 Cr
Address
Unit No. 606, 6th Floor, Mumbai, 400 098
Other Funds by Mirae Asset India Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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We're here to help.
What is the current NAV of Mirae Asset Savings Fund Regular Growth?
The NAV of Mirae Asset Savings Fund Regular Growth, as of 31-Oct-2019, is ₹1963.07.
What are the returns of Mirae Asset Savings Fund Regular Growth?
The fund has generated 7.08% over the last 1 year and 6.33% 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 Regular Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 62.48% in bonds, and 37.33% in cash and cash equivalents.
Who manages the Mirae Asset Savings Fund Regular Growth?
The fund managers responsible for Mirae Asset Savings Fund Regular 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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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.