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)
| 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) |
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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 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 February 28, 2021 |
1,151.67 Net AUM (₹ Cr.) |
1,200.71 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on February 28, 2021 Regular Savings Plan: 0.91% Direct Plan: 0.25% **For experience of Fund Managers Click Here |
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| NAV: | Direct | Regular Savings |
| Growth | ₹ 1,881.2528 | ₹ 1,775.1943 |
| Monthly Dividend | ₹ 1,159.7849 | ₹ 1,087.2887 |
| Weighted Average Maturity | 265.89 Days |
| Modified Duration | 0.67 Years |
| Macaulay Duration | 0.69 Years |
| Yield to Maturity | 4.02% |
| Portfolio Holdings | % Allocation | |
| Corporate Bond | ||
| 6.8% Hindustan Petroleum (15/12/2022) | 3.43% | |
| 7.93% NTPC Ltd (03/05/2022) | 2.16% | |
| 4.50% HDFC Ltd (14/12/2022) | 1.64% | |
| 6.98% NABARD (19/09/2022) | 1.29% | |
| 6.99% Ultratech Cement Ltd (24/11/2021) | 1.27% | |
| 8.71% HDB Fin. Services Ltd (17/05/2021) | 1.26% | |
| 5.32% NHBA Taxable (01/09/2023) | 1.25% | |
| 8.75% Vedanta Ltd (30/06/2022) | 1.24% | |
| 5.14% NABARD (31/01/2024) | 1.23% | |
| 8.3% Reliance Industries Ltd (08/03/22) | 1.07% | |
| 7.7% Larsen & Toubro Ltd (28/04/2025) | 0.88% | |
| 8.45% L&T Finance Ltd (23/12/2022) | 0.87% | |
| 7.05% HUDCO (13/10/2022) | 0.86% | |
| 6.99% HUDCO (11/11/2022) | 0.86% | |
| 7.24% REC Ltd (31/12/2022) | 0.86% | |
| 5.05% Indian Oil Corp. (25/11/2022) | 0.84% | |
| 8.75% Muthoot Fin Ltd (19/06/2021) | 0.84% | |
| 9.5% Muthoot Finance Ltd (14/06/2021) | 0.84% | |
| 7.60% ABHFL Ltd (30/07/2021) | 0.84% | |
| 5.47% Power Fin Corp (19/08/2023) | 0.83% | |
| 4.64% Oil & Nat Gas Corp Ltd (21/11/2023) | 0.82% | |
| 6.99% HDFC Ltd (13/02/2023) | 0.60% | |
| 9.45% Indostar Cap Fin Ltd (12/09/21) | 0.50% | |
| 7.25% Larsen & Toubro Ltd (24/04/2023) | 0.43% | |
| 7.42% LIC Hsg Fin Ltd (15/07/2022) | 0.43% | |
| 7.4% LIC Hsg Fin Ltd (06/09/2024) | 0.43% | |
| 7.20% Power Grid Corp Ltd (21/12/2021) | 0.43% | |
| 7.35% Power Fin Corp Ltd (15/10/2022) | 0.43% | |
| 6.9% REC Ltd (30/06/2022) | 0.43% | |
| 7% Reliance Industries Ltd (31/08/2022) | 0.43% | |
| 8.10% Tata Cap Hous Fin Ltd (14/01/2023) | 0.43% | |
| 8.5% SIDBI (21/06/2021) | 0.42% | |
| 6.9423% Bajaj Hsg Fin Ltd (25/03/2022) | 0.42% | |
| 9.1899% Indostar Cap Fin Ltd (27/03/21) | 0.33% | |
| 8.7% Reliance Industries Ltd (18/07/2021) | 0.27% | |
| 8.35% REC Ltd (13/03/2022) | 0.26% | |
| 8.58% HDFC Ltd (18/03/2022) | 0.21% | |
| 9.75% Larsen & Toubro Ltd (11/4/22) | 0.21% | |
| 8.60% NABARD (31/01/2022) | 0.21% | |
| 8.4% HUDCO (11/04/2022) | 0.19% | |
| 7.35% BPCL Ltd (10/03/2022) | 0.19% | |
| Corporate Bond Total | 32.50% | |
| Commercial Paper | ||
| ICICI Securities Ltd (24/03/2021) | 4.14% | |
| Larsen & Toubro Ltd (27/07/2021) | 3.27% | |
| National Bank For Agri & Rural (28/05/2021) | 2.06% | |
| Export Import Bank of India (16/06/2021) | 2.05% | |
| Reliance Industries Ltd (13/08/2021) | 2.04% | |
| Aditya Birla Finance Ltd (31/12/2021) | 2.00% | |
| ICICI Securities Ltd (15/07/2021) | 1.23% | |
| HDFC Securities Ltd (18/06/2021) | 1.23% | |
| LIC Housing Finance Ltd (08/09/2021) | 1.22% | |
| L&T Infrastructure Finance Co (21/02/2022) | 0.99% | |
| Reliance Retail Ventures Ltd (04/03/2021) | 0.41% | |
| Commercial Paper Total | 20.71% | |
| Certificate of Deposit | ||
| Bank of Baroda (28/05/2021) | 4.12% | |
| IDFC First Bank Limited (25/03/2021) | 1.24% | |
| Bank of Baroda (01/06/2021) | 0.84% | |
| Certificate of Deposit Total | 6.20% | |
| Government Bond | ||
| 3.96% GOI (09/11/2022) | 1.66% | |
| 6.84% GOI (19/12/2022) | 0.87% | |
| 6.18% GOI (04/11/2024) | 0.86% | |
| 7.94% GOI (24/05/2021) | 0.84% | |
| Government Bond Total | 4.22% | |
| Treasury Bill | ||
| 91 Days Tbill (01/04/2021) | 3.74% | |
| Treasury Bill Total | 3.74% | |
| State Government Bond | ||
| 8.38% Karnataka SDL (31/10/2022) | 2.20% | |
| State Government Bond Total | 2.20% | |
| Zero Coupon Bond | ||
| Axis Finance Ltd (03/08/2022) | 0.69% | |
| Edelweiss Rur & Corp Serv Ltd (15/04/2021) | 0.32% | |
| Bajaj Finance Ltd (05/04/2022) | 0.26% | |
| Zero Coupon Bond Total | 1.27% | |
| Cash & Other Receivables Total | 29.14% | |
| Total | 100.00% | |
| Dividend (₹) Per Unit | |||
| Record Date | Dividend (₹) | Face Value (₹) | Cum Nav (₹) |
24-Nov-20 |
4.7565 |
4.7565 |
1,091.8928 |
24-Dec-20 |
2.1607 |
2.1607 |
1,089.2970 |
25-Jan-21 |
1.1062 |
1.1062 |
1,088.2425 |
24-Feb-21 |
1.5903 |
1.5903 |
1,088.7266 |
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 | 5.64 |
6.14 |
6.19 |
6.84 |
| Scheme Benchmark* | 6.40 |
7.75 |
7.77 |
8.41 |
| Additional Benchmark** | 4.92 |
8.94 |
7.57 |
7.31 |
| NAV as on 26th Febraury, 2021 | 1,775.1943 | |||
| Index Value (26th February, 2021) | Index Value of benchmark is 6,210.75 and CRISIL 10 Year Gilt Index is 3,976.93. | |||
| 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 ₹10.00.The performance of other funds managed by the same fund manager is given in the respective page of the schemes
