MIRAE ASSET
SAVINGS FUND - (MASF)
(Low Duration Fund - An Open ended low duration Debt Scheme investing in instruments with Macaulay duration of the portfolio between 6 months and 12 months (please refer to page no. 33 of SID)
A moderate interest rate risk and moderate credit risk
| Type of Scheme | Low Duration Fund - An Open ended low duration Debt Scheme investing in instruments with Macaulay duration of the portfolio between 6 months and 12 months (please refer to page no. 33 of SID) A moderate interest rate risk and moderate credit risk |
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| 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 |
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Fund Manager** |
Mr. Mahendra Jajoo - (since September 08, 2016) Allotment Date |
26th June, 2012 Benchmark Index |
CRISIL Low Duration Debt Index Minimum Investment |
Amount ₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹ 1/- thereafter. Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) Monthly and Quarterly: ₹ 1000/- (multiples of ₹ 1/- thereafter), minimum 5 in case of Monthly or 3 in case of Quarterly option. Load Structure |
Entry load: NA Exit load:Nil Plans Available |
Regular Savings Plan and Direct Plan Options Available |
Growth Option and IDCW^ Option (Payout & Re-investment) Monthly Average AUM (₹ Cr.) as on December 31, 2021 |
994.71 Net AUM (₹ Cr.) |
880.58 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on December 31, 2021 Regular Savings Plan: 0.92% Direct Plan: 0.28% **For experience of Fund Managers Click Here |
^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. |
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| NAV: | Direct | Regular Savings |
| Growth | ₹ 1,946.1506 | ₹ 1,826.4028 |
| Daily IDCW | ₹ 1,208.9337 | ₹ 1,005.1646 |
| Weekly IDCW | ₹ 1,454.8001 | ₹ 1,106.9126 |
| Monthly IDCW | ₹ 1,160.6581 | ₹ 1,088.0106 |
| Quatarly IDCW | ₹ 1,010.8733 | ₹ 1,009.8944 |
| Weighted Average Maturity | 211.12 Days |
| Modified Duration | 0.54 Years |
| Macaulay Duration | 0.56 Years |
| Yield to Maturity | 4.11% |
| Portfolio Holdings | % Allocation | |
| Corporate Bond | ||
| 6.8% Hindustan Petroleum Corporation Ltd (15/12/2022) | 4.63% | |
| 7.35% Power Finance Corporation Ltd (22/11/2022) | 2.90% | |
| 7.6% National Highways Auth Of Ind (18/03/2022) | 2.86% | |
| 4.95% Housing Development Finance Corporation Ltd (09/09/2022) | 2.84% | |
| 4.23% Housing Development Finance Corporation Ltd (18/02/2022) | 2.84% | |
| 8.93% Power Grid Corporation of India Ltd (20/10/2022) | 2.35% | |
| 5.32% National Housing Bank (01/09/2023) | 1.71% | |
| 8.3% Reliance Industries Ltd (08/03/2022) | 1.42% | |
| 8.45% L&T Finance Ltd (23/12/2022) | 1.17% | |
| 6.99% Housing & Urban Development Corporation Ltd (11/11/2022) | 1.16% | |
| 5.53% National Bank For Agriculture and Rural Development (22/02/2024) | 1.14% | |
| 4.64% Oil & Natural Gas Corporation Ltd (21/11/2023) | 1.13% | |
| 6.99% Housing Development Finance Corporation Ltd (13/02/2023) | 0.81% | |
| 7.4% LIC Housing Finance Ltd (06/09/2024) | 0.59% | |
| 8.1% Tata Capital Housing Finance Ltd (14/01/2023) | 0.58% | |
| 7.25% Larsen & Toubro Ltd (24/04/2023) | 0.58% | |
| 7.35% Power Finance Corporation Ltd (15/10/2022) | 0.58% | |
| 7% Reliance Industries Ltd (31/08/2022) | 0.58% | |
| 8.35% REC Ltd (11/03/2022) | 0.34% | |
| 9.75% Larsen & Toubro Ltd (11/04/2022) | 0.28% | |
| 8.58% Housing Development Finance Corporation Ltd (18/03/2022) | 0.28% | |
| 8.6% National Bank For Agriculture and Rural Development (31/01/2022) | 0.27% | |
| 8.4% Housing & Urban Development Corporation Ltd (11/04/2022) | 0.25% | |
| 7.35% Bharat Petroleum Corporation Ltd (10/03/2022) | 0.25% | |
| Corporate Bond Total | 31.55% | |
| Government Bond | ||
| 8.15% GOI (11/06/2022) | 5.78% | |
| 6.84% GOI (19/12/2022) | 4.07% | |
| 5.09% GOI (13/04/2022) | 3.42% | |
| 5.63% GOI (12/04/2026) | 3.10% | |
| 8.20% GOI (15/02/2022) | 2.85% | |
| Government Bond Total | 19.23% | |
| Commercial Paper | ||
| ICICI Securities Ltd (16/03/2022) | 5.63% | |
| National Bank For Agriculture and Rural Development (25/01/2022) | 2.83% | |
| The Ramco Cements Ltd (24/01/2022) | 2.83% | |
| Reliance Industries Ltd (28/02/2022) | 2.82% | |
| Network18 Media & Investments Ltd (25/02/2022) | 1.69% | |
| Network18 Media & Investments Ltd (30/06/2022) | 1.67% | |
| L&T Finance Ltd (21/02/2022) | 1.41% | |
| Commercial Paper Total | 18.89% | |
| Certificate of Deposit | ||
| Small Industries Dev Bank of India (18/03/2022) | 2.82% | |
| IDFC First Bank Ltd (14/03/2022) | 1.69% | |
| HDFC Bank Ltd (21/06/2022) | 1.67% | |
| Axis Bank Ltd (17/06/2022) | 1.39% | |
| NABARD (24/02/2022) | 0.56% | |
| Certificate of Deposit Total | 8.14% | |
| State Government Bond | ||
| 8.60% Tamil Nadu SDL (06/03/2023) | 2.96% | |
| State Government Bond Total | 2.96% | |
| Zero Coupon Bond | ||
| Axis Finance Ltd (03/08/2022) | 0.98% | |
| Bajaj Finance Ltd (05/04/2022) | 0.38% | |
| Zero Coupon Bond Total | 1.36% | |
| Cash & Other Receivables Total | 17.88% | |
| Total | 100.00% | |
| IDCW (₹) Per Unit | |||
| Record Date | IDCW (₹) | Face Value (₹) | Cum Nav (₹) |
24-Sep-21 |
2.5724 |
2.5724 |
1,002.5724 |
25-Oct-21 |
1.8198 |
1.8198 |
1,088.9561 |
24-Nov-21 |
2.5970 |
2.5970 |
1,089.7333 |
24-Dec-21 |
2.0775 |
2.0775 |
1,089.2138 |
18-Oct-21 |
15.0000 |
15.0000 |
1,019.5715 |
Face value ₹1000/-. Past Performance may or may not be sustained in future. Pursuant to payment of IDCW the NAV of the IDCW option of the scheme will fall to the extent of payout and statutory levy (if any). IDCW history is for MASF- Regular Savings Plan - Monthly IDCW Option and Quarterly IDCW Option
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | 5 Yrs | SI | |
| MASF | 3.07 |
5.15 |
5.56 |
6.53 |
| Scheme Benchmark* | 4.23 |
6.75 |
6.94 |
7.48 |
| Additional Benchmark** | 1.35 |
6.94 |
5.32 |
6.98 |
| NAV as on 31st December, 2021 | 1,826.4028 | |||
| Index Value (31st December, 2021) | Index Value of benchmark is 6,451.15 and CRISIL 10 Year Gilt Index is 4,100.79 | |||
| Allotment Date | 26th June, 2012 | |||
| Scheme Benchmark | *CRISIL Low Duration Debt Index | |||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | |||
Note:1. Different Plans under the scheme has different expense structure. The reference and details provided herein are of Regular Saving Plan - Growth Option.
2. Fund manager : Mr. Mahendra Jajoo managing the scheme since 8th September, 2016.
3. Inception date of MASF is March 05 2008, however since inception returns are calculated from June 26, 2012 as there were no investors in the interim period in the institutional plan.
This product is suitable for investors who are seeking*
. An open low duration debt scheme
. Investment in debt and money market instruments such that the macaulay duration of the portfolio is between 6 to 12 months
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Note : With reference to SEBI Circular no. SEBI/HO/IMD/IMD-11 DOF-3/CIR/2021/573 dated June 07, 2021 disclosure of Potential Risk Class (PRC) Matrix is provided for debt Schemes of Mirae Asset Mutual Fund.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹1000.The performance of other funds managed by the same fund manager is given in the respective page of the schemes
