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. 26 of SID)
ICRA AAAmfs#
| 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. 26 of SID) |
||||||||||||||||||||||||
| 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 |
||||||||||||||||||||||||
Fund Manager** |
Mr. Mahendra Jajoo - (since 8th September 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 installments. Load Structure |
Entry load: NA Exit load:Nil Plans Available |
Regular Savings Plan and Direct Plan Options Available |
Growth Option and Dividend Option (Payout & Re-investment) Monthly Average AUM (₹ Cr.) as on August 31, 2020 |
594.64 Net AUM (₹ Cr.) |
677.38 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on August 31, 2020 Regular Savings Plan: 0.87% Direct Plan: 0.27% ANY DATE SIP provides one of the better investment experiences by allowing the investor to choose any investment date of the month (i.e., from 1st to 28th) depending upon the investors' expense and income flow.
| **For experience of Fund Managers Click Here |
| |||||||||||||
| NAV: | Direct Plan | Regular Savings Plan |
| Growth Option | ₹ 1,842.3726 | ₹ 1,743.8662 |
| Dividend Monthly Option | ₹ 1,161.1749 | ₹ 1,088.5059 |
| Weighted Average Maturity | 301.94 Days |
| Modified Duration | 0.72 Years |
| Macaulay Duration | 0.76 Years |
| Yield to Maturity | 4.42% |
| Portfolio Holdings | % Allocation |
| Corporate Bond | |
| 8.25% L&T Finance Ltd (24/01/2023) | 3.01% |
| 8.71% HDB Fin. Services Ltd (17/05/2021) | 2.28% |
| 8.75% Vedanta Ltd (30/06/2022) | 2.09% |
| 8.3% Reliance Industries Ltd (08/03/22) | 1.93% |
| 7.7% Larsen & Toubro Ltd (28/04/2025) | 1.58% |
| 7.05% HUDCO (13/10/2022) | 1.54% |
| 7.24% REC Ltd (31/12/2022) | 1.54% |
| 7% Reliance Industries Ltd (31/08/2022) | 1.54% |
| 8.45% L&T Finance Ltd (23/12/2022) | 1.52% |
| 9.5% Muthoot Finance Ltd (14/06/2021) | 1.51% |
| 8.75% Muthoot Fin Ltd (19/06/2021) | 1.50% |
| 7.60% ABHFL Ltd (30/07/2021) | 1.49% |
| 5.05% Indian Oil Corp. (25/11/2022) | 1.48% |
| 6.78% Reliance Ind Ltd (16/09/2020) | 1.48% |
| 7.17% NHAI (23/12/2021) | 1.19% |
| 6.99% HDFC Ltd (13/02/2023) | 1.07% |
| 9.45% Indostar Cap Fin Ltd (12/09/21) | 0.87% |
| 7.4% LIC Hsg Fin Ltd (06/09/2024) | 0.78% |
| 7.25% Larsen & Toubro Ltd (24/04/2023) | 0.77% |
| 6.98% NABARD (19/09/2022) | 0.77% |
| 8.10% Tata Cap Hous Fin Ltd (14/01/2023) | 0.77% |
| 6.9% REC Ltd (30/06/2022) | 0.76% |
| 8.5% SIDBI (21/06/2021) | 0.76% |
| 8.7% HDFC Ltd (15/12/2020) | 0.75% |
| 6.9423% Bajaj Hsg Fin Ltd (25/03/2022) | 0.75% |
| 8.4% Larsen & Toubro Ltd (24/09/2020) | 0.74% |
| 7.55% REC Ltd (26/09/2020) | 0.74% |
| 9.1899% Indostar Cap Fin Ltd (27/03/21) | 0.58% |
| 8.7% Reliance Industries Ltd (18/07/2021) | 0.49% |
| 8.35% REC Ltd (13/03/2022) | 0.47% |
| 9.75% Larsen & Toubro Ltd (11/4/22) | 0.38% |
| 8.60% NABARD (31/01/2022) | 0.37% |
| 8.58% HDFC Ltd (18/03/2022) | 0.37% |
| 8.4% HUDCO (11/04/2022) | 0.34% |
| 7.47% Power Fin Corp Ltd (16/09/2021) | 0.06% |
| Corporate Bond Total | 38.27% |
| Treasury Bill | |
| 91 Days Tbill (03/09/2020) | 14.02% |
| 182 Days Tbill (17/09/2020) | 7.37% |
| Treasury Bill Total | 21.39% |
| Certificate of Deposit | |
| AU Small Finance Bank Ltd (03/11/2020) | 5.12% |
| ICICI Bank Ltd (14/09/2020) | 3.69% |
| Axis Bank Ltd (30/10/2020) | 3.67% |
| Certificate of Deposit Total | 12.48% |
| Government Bond | |
| 6.18% GOI (04/11/2024) | 3.05% |
| Government Bond Total | 3.05% |
| Zero Coupon Bond | |
| Axis Finance Ltd (03/08/2022) | 1.18% |
| Edelweiss Rur & Corp Serv Ltd (15/04/2021) | 0.52% |
| Bajaj Finance Ltd (05/04/2022) | 0.46% |
| Zero Coupon Bond Total | 2.16% |
| Cash & Other Receivables Total | 22.65% |
| Total | 100.00% |
| Dividend (₹) Per Unit | |||
| Record Date | Dividend (₹) | Face Value (₹) | Cum Nav (₹) |
26-May-20 |
9.0896 |
9.0896 |
1096.225 |
24-Jun-20 |
6.6803 |
6.6803 |
1093.8166 |
24-Jul-20 |
13.7550 |
13.7550 |
1100.8913 |
24-Aug-20 |
2.4199 |
2.4199 |
1,089.5562 |
Face value ₹1000/-. Past Performance may or may not be sustained in future. Pursuant to payment of dividend the NAV of the dividend option of the scheme will fall to the extent of payout and statutory levy (if any). Dividend history is for MASF- Regular Savings Plan Monthly Dividend Option
| Returns (%) | ||||
| 1 Yr | 3 Yrs | 5 Yrs | SI | |
| MASF | 6.51 |
6.28 |
6.44 |
7.03 |
| Scheme Benchmark* | 8.02 |
7.88 |
8.08 |
8.65 |
| Additional Benchmark** | 6.82 |
6.98 |
6.96 |
7.18 |
| NAV as on 31st August, 2020 | 1743.8662 | |||
| Index Value (31st August, 2020) | Index Value of benchmark is 6077.02 and CRISIL 1 Year T-Bill is 5972.69 | |||
| Allotment Date | 26th June, 2012 | |||
| Scheme Benchmark | *CRISIL Low Duration Debt Index | |||
| Additional Benchmark | **CRISIL 1 Year T-Bill | |||
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 ended 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 - MODERATELY LOW
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
#ICRA Disclaimer: ICRA's mutual fund rating methodology is based on evaluating the inherent credit quality of the fund's portfolio. The scores are based on ICRA's estimates of credit risk associated with each exposure of the portfolio taking into account its maturity. ICRA rating is not a recommendation to buy, sell or hold the rated scheme. The assigned rating ICRA AAAmfs is valid only for "Mirae Asset Savings Fund".
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹10.00.The performance of other funds managed by the same fund manager is given in the respective page of the schemes 