3 Year return

5.79%
Launched on January 2013 (11 years)

Investment Details

₹1000

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

Low to Moderate Risk

Your principal will be at

Moderately Low Risk

Scheme Information

Asset Under Management

₹594.96 Cr.

Expense Ratio

0.19% (inclusive of GST)

Exit Load

NIL

Ratings

ARQ Rating
0

Ratings by other agencies

2
3
4

Tax Implications

Withdrawal within 3 years

Tax based on your income tax bracket

Withdrawal after 3 years

20% tax after indexation (adjusting for inflation)

Fund Holdings

Holdings

Mirae Asset Mutual Fund Managers

MJ

Mahendra Jajoo

Fund Manager since Mar 2023

View Details

Fund House Details

Mirae Asset Mutual Fund

Mirae Asset Mutual Fund Asset management company

AUM ₹164,467.60 Cr.
No. of Schemes 107
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Mirae Asset Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns

About Mirae Asset Savings Fund Direct Plan Growth

The Mirae Asset Savings Fund Direct Plan Growth is an open-ended debt mutual fund scheme that invests in a diversified portfolio of debt securities. The fund is managed by Mirae Asset Global Investments, one of the leading asset management companies in India.

Investment Objectives of the Scheme

The investment objective of the Mirae Asset Savings Fund Direct Plan Growth is to generate income for its investors by investing in a diversified portfolio of debt securities. The fund may invest in a variety of debt securities, such as government bonds, corporate bonds, and money market instruments. The fund may also invest in derivatives to enhance returns.

Key Features of The Fund

5-year return 6.05%
Expense Ratio 0.19%
Fund Manager Mahendra Jajoo
Fund Size ₹594.96 Cr
Risk Profile Moderately Low

Is This Scheme Right for Me?

The Mirae Asset Savings Fund Direct Plan Growth is a good option for investors who are looking for a high-income investment with low risk. The fund is suitable for investors who have a time horizon of at least 3 years. However, it is important to note that the fund is not a risk-free investment. The fund's returns can go down as well as up. Investors should only invest in the fund if they are comfortable with the risk of losing money.

AMC Contact Details

Name Mirae Asset Mutual Fund
Launch Date November 2007
Addresss Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai - 400 098.
Contact 1800-2090-777
Email customercare@miraeasset.com
Website https://www.miraeassetmf.co.in/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of Mirae Asset Low Duration Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Mirae Asset Low Duration Fund Jun 11 2024 is 2259.8847

What is the AUM of Mirae Asset Low Duration Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Mirae Asset Low Duration Fund is 594.96 crore.

What is the expense ratio of Mirae Asset Low Duration Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Mirae Asset Low Duration Fund is 0.19%

What are the returns of Mirae Asset Low Duration Fund since inception?

The Mirae Asset Low Duration Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 6.97 since inception.

What is the minimum SIP amount to invest in Mirae Asset Low Duration Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Mirae Asset Low Duration Fund is 1000.

How do I invest in Mirae Asset Low Duration Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Mirae Asset Low Duration Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Mirae Asset Low Duration Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Mirae Asset Low Duration Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.