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. 35 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. 35 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 |
NIFTY Low Duration Debt Index B-I 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 May 31, 2022 |
809.75 Net AUM (₹ Cr.) |
766.76 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on May 31, 2022 Regular Savings Plan: 0.93% Direct Plan: 0.30% **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 | ₹ 1,968.7985 | ₹ 1,842.9060 |
| Daily IDCW^ | ₹ 1,207.7989 | ₹ 1,003.7432 |
| Weekly IDCW^ | ₹ 1,453.7684 | ₹ 1,105.5336 |
| Monthly IDCW^ | ₹ 1,159.3951 | ₹ 1,086.3018 |
| Quarterly IDCW^ | ₹ 1,002.6021 | ₹ 1,001.4506 |
| Weighted Average Maturity | 264.00 Days |
| Modified Duration | 0.68 Years |
| Macaulay Duration | 0.70 Years |
| Yield to Maturity | 5.74% |
| Portfolio Holdings | % Allocation | |
| Corporate Bond | ||
| 6.75% Shriram Transport Finance Company Ltd (28/04/2023) ** | 3.95% | |
| 7.65% Jamnagar Utilities & Power Private Ltd (29/12/2022) ** | 3.29% | |
| 7.35% Power Finance Corporation Ltd (22/11/2022) ** | 3.28% | |
| 4.95% Housing Development Finance Corporation Ltd (09/09/2022) ** | 3.25% | |
| 7.1% Muthoot Finance Ltd (20/06/2024) ** | 3.23% | |
| 5.14% National Bank For Agriculture and Rural Development (31/01/2024) ** | 3.17% | |
| 8.93% Power Grid Corporation of India Ltd (20/10/2022) ** | 2.64% | |
| 6.8% Hindustan Petroleum Corporation Ltd (15/12/2022) ** | 1.96% | |
| 8.5% Muthoot Finance Ltd (04/07/2022) | 1.96% | |
| 7.45% Mahindra Rural Housing Finance Ltd (14/07/2023) ** | 1.95% | |
| 5.32% National Housing Bank (01/09/2023) ** | 1.93% | |
| 8.45% L&T Finance Ltd (23/12/2022) ** | 1.32% | |
| 6.99% Housing & Urban Development Corporation Ltd (11/11/2022) ** | 1.31% | |
| 5.53% National Bank For Agriculture and Rural Development (22/02/2024) ** | 1.28% | |
| 6.99% Housing Development Finance Corporation Ltd (13/02/2023) ** | 0.92% | |
| 8.1% Tata Capital Housing Finance Ltd (14/01/2023) ** | 0.66% | |
| 7.25% Larsen & Toubro Ltd (24/04/2023) | 0.66% | |
| 7.35% Power Finance Corporation Ltd (15/10/2022) | 0.66% | |
| 7.4% LIC Housing Finance Ltd (06/09/2024) ** | 0.66% | |
| 7% Reliance Industries Ltd (31/08/2022) ** | 0.65% | |
| 5.75% Bajaj Finance Ltd (16/02/2024) ** | 0.64% | |
| 4.64% Oil & Natural Gas Corporation Ltd (21/11/2023) ** | 0.64% | |
| Corporate Bond Total | 40.01% | |
| Certificate of Deposit | ||
| HDFC Bank Ltd (27/12/2022) ** # | 5.05% | |
| Kotak Mahindra Bank Ltd (03/06/2022) # | 3.26% | |
| Indian Bank (11/07/2022) ** # | 3.24% | |
| Axis Bank Ltd (08/12/2022) ** # | 3.16% | |
| AU Small Finance Bank Ltd (01/09/2022) ** # | 2.57% | |
| Canara Bank (09/06/2022) # | 1.95% | |
| Canara Bank (22/08/2022) ** # | 0.64% | |
| Certificate of Deposit Total | 19.89% | |
| Commercial Paper | ||
| IndoStar Capital Finance Ltd (09/06/2022) ** | 3.26% | |
| Reliance Retail Ventures Ltd (29/07/2022) ** | 3.23% | |
| Housing Development Finance Corporation Ltd (17/08/2022) | 3.22% | |
| Piramal Enterprises Ltd (19/08/2022) ** | 3.22% | |
| Network18 Media & Investments Ltd (30/06/2022) ** | 1.95% | |
| Commercial Paper Total | 14.88% | |
| Government Bond | ||
| 6.84% GOI (19/12/2022) | 2.30% | |
| 5.74% GOI (15/11/2026) | 1.92% | |
| 8.08% GOI (02/08/2022) | 1.31% | |
| 4.7% GOI (22/09/2033) | 1.29% | |
| Government Bond Total | 6.81% | |
| Treasury Bill | ||
| 182 Days Tbill (04/08/2022) | 3.23% | |
| 182 Days Tbill (28/07/2022) | 2.59% | |
| Treasury Bill Total | 5.82% | |
| State Government Bond | ||
| 8.60% Tamil Nadu SDL (06/03/2023) | 3.32% | |
| State Government Bond | 3.32% | |
| Zero Coupon Bond | ||
| Axis Finance Ltd (03/08/2022)** | 1.15% | |
| Zero Coupon Bond Total | 1.15% | |
| Cash & Other Receivables Total | 8.12% | |
| Total | 100.00% | |
** Thinly Traded / Non Traded Security # Unlisted Security
| IDCW (₹) Per Unit | |||
| Record Date | IDCW (₹) | Face Value (₹) | Cum Nav (₹) |
24-Jan-22 |
2.9166 |
2.9166 |
1,090.0529 |
24-Feb-22 |
3.0170 |
3.0170 |
1,090.1533 |
24-Mar-22 |
2.7806 |
2.7806 |
1,089.9169 |
25-Apr-22 |
2.8080 |
2.8080 |
1,089.9443 |
Quarterly Dividend |
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| Record Date | IDCW (₹) | Face Value (₹) | Cum Nav (₹) |
18-Oct-21 |
15.0000 |
15.0000 |
1,019.5715 |
17-Oct-21 |
10.0000 |
10.0000 |
1,011.3664 |
18-Apr-22 |
7.5000 |
7.5000 |
1,008.6164 |
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 | 2.69% |
4.31% |
5.23% |
6.35% |
| Scheme Benchmark* | 3.64% |
5.67% |
6.33% |
7.96% |
| Additional Benchmark** | -3.88% |
4.08% |
4.31% |
6.26% |
| NAV as on 31st May, 2022 | 1,842.9060 | |||
| Index Value (31st May, 2022) | Index Value of benchmark is 4,516.45 and CRISIL 10 Year Gilt Index is 3,940.56 | |||
| Allotment Date | 26th June, 2012 | |||
| Scheme Benchmark | *NIFTY Low Duration Debt Index B-I | |||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | |||
Fund manager : Mr. Mahendra Jajoo managing the scheme since 8th September, 2016.
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.
Note: Returns (%) for less than 1 year calculated on simple annualized basis, others are CAGR- Compounded Annualized Growth returns
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
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option