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 November 30, 2021 |
1,047.58 Net AUM (₹ Cr.) |
1,033.53 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on November 30, 2021 Regular Savings Plan: 0.93% 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 | ₹ 1,941.0012 | ₹ 1,822.5623 |
| Daily IDCW | ₹ 1,208.9337 | ₹ 1,005.1646 |
| Weekly IDCW | ₹ 1,455.4291 | ₹ 1,107.3123 |
| Monthly IDCW | ₹ 1,160.4133 | ₹ 1,087.8016 |
| Quatarly IDCW | ₹ 1,008.1988 | ₹ 1,007.7711 |
| Weighted Average Maturity | 209.16 Days |
| Modified Duration | 0.53 Years |
| Macaulay Duration | 0.55 Years |
| Yield to Maturity | 4.08% |
| Portfolio Holdings | % Allocation | |
| Corporate Bond | ||
| 9.75% Manappuram Finance Ltd (31/12/2021) | 5.34% | |
| 6.8% Hindustan Petroleum Corporation Ltd (15/12/2022) | 3.96% | |
| 7.35% Power Finance Corporation Ltd (22/11/2022) | 2.48% | |
| 7.93% NTPC Ltd (03/05/2022) | 2.46% | |
| 7.6% National Highways Auth Of Ind (18/03/2022) | 2.44% | |
| 4.95% Housing Development Finance Corporation Ltd (09/09/2022) | 2.42% | |
| 4.23% Housing Development Finance Corporation Ltd (18/02/2022) | 2.42% | |
| 8.93% Power Grid Corporation of India Ltd (20/10/2022) | 2.01% | |
| 8.75% Vedanta Ltd (30/06/2022) | 1.47% | |
| 5.32% National Housing Bank (01/09/2023) | 1.46% | |
| 8.3% Reliance Industries Ltd (08/03/2022) | 1.21% | |
| 8.45% L&T Finance Ltd (23/12/2022) | 1.00% | |
| 7.24% REC Ltd (31/12/2022) | 0.99% | |
| 6.99% Housing & Urban Development Corporation Ltd (11/11/2022) | 0.99% | |
| 7.05% Housing & Urban Development Corporation Ltd (13/10/2022) | 0.99% | |
| 5.53% NABARD (22/02/2024) | 0.97% | |
| 4.64% Oil & Natural Gas Corporation Ltd (21/11/2023) | 0.96% | |
| 6.99% Housing Development Finance Corporation Ltd (13/02/2023) | 0.69% | |
| 7.4% LIC Housing Finance Ltd (06/09/2024) | 0.50% | |
| 7.25% Larsen & Toubro Ltd (24/04/2023) | 0.50% | |
| 8.1% Tata Capital Housing Finance Ltd (14/01/2023) | 0.50% | |
| 7.35% Power Finance Corporation Ltd (15/10/2022) | 0.49% | |
| 7% Reliance Industries Ltd (31/08/2022) | 0.49% | |
| 7.42% LIC Housing Finance Ltd (15/07/2022) | 0.49% | |
| 6.9% REC Ltd (30/06/2022) | 0.49% | |
| 8.35% REC Ltd (11/03/2022) | 0.29% | |
| 9.75% Larsen & Toubro Ltd (11/04/2022) | 0.24% | |
| 8.58% Housing Development Finance Corporation Ltd (18/03/2022) | 0.24% | |
| 8.6% NABARD (31/01/2022) | 0.23% | |
| 8.4% Housing & Urban Development Corporation Ltd (11/04/2022) | 0.22% | |
| 7.35% Bharat Petroleum Corporation Ltd (10/03/2022) | 0.21% | |
| Corporate Bond Total | 39.18% | |
| Commercial Paper | ||
| ICICI Securities Ltd (16/03/2022) | 4.78% | |
| Reliance Jio Infocomm Ltd (03/12/2021) | 2.42% | |
| NABARD (25/01/2022) | 2.41% | |
| The Ramco Cements Ltd (24/01/2022) | 2.41% | |
| Reliance Industries Ltd (28/02/2022) | 2.40% | |
| L&T Finance Ltd (12/01/2022) | 1.44% | |
| Network18 Media & Investments Ltd (25/02/2022) | 1.44% | |
| Network18 Media & Investments Ltd (30/06/2022) | 1.42% | |
| L&T Finance Ltd (21/02/2022) | 1.20% | |
| Indian Oil Corporation Ltd (10/12/2021) | 0.97% | |
| Export Import Bank of India (30/12/2021) | 0.96% | |
| Commercial Paper Total | 21.84% | |
| Government Bond | ||
| 5.09% GOI (13/04/2022) | 4.86% | |
| 8.15% GOI (11/06/2022) | 2.47% | |
| 8.2% GOI (15/02/2022) | 2.44% | |
| 5.63% GOI (12/04/2026) | 2.18% | |
| 6.18% GOI (04/11/2024) | 1.00% | |
| 6.84% GOI (19/12/2022) | 0.99% | |
| Government Bond Total | 13.94% | |
| Certificate of Deposit | ||
| Small Industries Dev Bank of India (18/03/2022) | 2.39% | |
| IDFC First Bank Ltd (14/03/2022) | 1.44% | |
| Axis Bank Ltd (17/06/2022) | 1.18% | |
| NABARD (24/02/2022) | 0.48% | |
| Certificate of Deposit Total | 5.49% | |
| State Government Bond | ||
| 8.60% Tamil Nadu SDL (06/03/2023) | 2.54% | |
| State Government Bond Total | 2.54% | |
| Treasury Bill | ||
| 182 Days Tbill (02/12/2021) | 2.42% | |
| Treasury Bill Total | 2.42% | |
| Zero Coupon Bond | ||
| Axis Finance Ltd (03/08/2022) | 0.83% | |
| Bajaj Finance Ltd (05/04/2022) | 0.32% | |
| Zero Coupon Bond Total | 1.15% | |
| Cash & Other Receivables Total | 13.44% | |
| Total | 100.00% | |
| IDCW (₹) Per Unit | |||
| Record Date | IDCW (₹) | Face Value (₹) | Cum Nav (₹) |
24-Aug-21 |
3.7288 |
3.7288 |
1,090.8651 |
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 |
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 | 3.05 |
5.35 |
5.57 |
6.57 |
| Scheme Benchmark* | 4.18 |
6.91 |
6.93 |
8.11 |
| Additional Benchmark** | 2.38 |
7.83 |
5.12 |
7.09 |
| NAV as on 30th November, 2021 | 1,822.5623 | |||
| Index Value (30th November, 2021) | Index Value of benchmark is 6,429.82 and CRISIL 10 Year Gilt Index is 4,115.65 |
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| 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
• Degree of risk - Low to Moderate
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
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
