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) Co-fund Manager Ms. Kruti Chheta#(w.e.f 22 August, 2022)
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 October 31, 2022 |
662.57 Net AUM (₹ Cr.) |
662.75 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on October 31, 2022 Regular Plan: 0.94% Direct Plan: 0.36% **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. |
#As per notice cum addendum no. 43/2022 fund manager of the scheme has changed. Please visit the website for more details: https://www.miraeassetmf.co.in/downloads/statutory-disclosure/addendum | |||||||||||||||
| NAV: | Direct | Regular Savings |
| Growth | ₹ 2,012.8525 | ₹ 1,879.3157 |
| Daily IDCW^ | ₹ 1,208.9337 | ₹ 1,005.1646 |
| Weekly IDCW^ | ₹ 1,455.2600 | ₹ 1,107.2320 |
| Monthly IDCW^ | ₹ 1,160.8070 | ₹ 1,088.1821 |
| Quarterly IDCW^ | ₹ 1,003.9462 | ₹ 1,003.1473 |
| Weighted Average Maturity | 235.02 Days |
| Modified Duration | 0.58 Years |
| Macaulay Duration | 0.61 Years |
| Yield to Maturity | 7.27% |
| Portfolio Holdings | % Allocation |
| Corporate Bond | |
| 6.75% Shriram Transport Finance Company Ltd (28/04/2023) ** | 4.55% |
| 8.5% National Bank For Agriculture and Rural Development (31/01/2023) | 3.78% |
| 7.65% Jamnagar Utilities & Power Private Ltd (29/12/2022) ** | 3.78% |
| 7.24% REC Ltd (31/12/2022) ** | 3.77% |
| 7.1% Muthoot Finance Ltd (20/06/2024) ** | 3.72% |
| 7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) ** | 2.98% |
| 7.42% Bajaj Housing Finance Ltd (12/07/2024) ** | 2.25% |
| 7.45% Mahindra Rural Housing Finance Ltd (14/07/2023) ** | 2.25% |
| 5.32% National Housing Bank (01/09/2023) ** | 2.23% |
| 6.25% Embassy Office Parks REIT (18/10/2024) ** | 2.20% |
| 6.8% Hindustan Petroleum Corporation Ltd (15/12/2022) | 1.51% |
| 7.15% Small Industries Dev Bank of India (21/07/2025) ** | 1.49% |
| 5.53% National Bank For Agriculture and Rural Development (22/02/2024) ** | 1.47% |
| 6.99% Housing Development Finance Corporation Ltd (13/02/2023) ** | 1.05% |
| 8.45% L&T Finance Ltd (23/12/2022) ** | 0.76% |
| 8.1% Tata Capital Housing Finance Ltd (14/01/2023) ** | 0.76% |
| 7.25% Larsen & Toubro Ltd (24/04/2023) | 0.75% |
| 7.4% LIC Housing Finance Ltd (06/09/2024) ** | 0.75% |
| 6.26% Cholamandalam Investment and Finance Company Ltd (18/04/2023) ** | 0.75% |
| 4.64% Oil & Natural Gas Corporation Ltd (21/11/2023) ** | 0.73% |
| Corporate Bond Total | 41.52% |
| Certificate of Deposit | |
| IDFC First Bank Ltd (20/01/2023) ** # | 3.71% |
| HDFC Bank Ltd (06/03/2023) ** # | 3.68% |
| Axis Bank Ltd (07/03/2023) ** # | 3.68% |
| Canara Bank (10/03/2023) ** # | 3.68% |
| Export Import Bank of India (24/03/2023) ** # | 3.67% |
| Small Industries Dev Bank of India (01/09/2023) ** # | 3.55% |
| State Bank of India (12/09/2023) ** # | 3.55% |
| HDFC Bank Ltd (27/12/2022) # | 2.24% |
| Kotak Mahindra Bank Ltd (17/01/2023) ** # | 2.23% |
| Indian Bank (03/01/2023) # | 1.49% |
| Small Industries Dev Bank of India (22/02/2023) ** # | 1.48% |
| ICICI Bank Ltd (30/06/2023) ** # | 0.72% |
| Certificate of Deposit Total | 33.69% |
| Commercial Paper | |
| Reliance Retail Ventures Ltd (05/01/2023) ** | 3.73% |
| Birla Group Holdings Private Ltd (25/01/2023) ** | 3.70% |
| IIFL Wealth Prime Ltd (28/11/2022) ** | 3.00% |
| Commercial Paper Total | 10.43% |
| Treasury Bill | |
| 182 Days Tbill (30/03/2023) | 2.94% |
| 364 Days Tbill (02/03/2023) | 2.22% |
| Treasury Bill Total | 5.15% |
| State Government Bond | |
| 8.60% Tamil Nadu SDL (06/03/2023) | 3.80% |
| State Government Bond Total | 3.80% |
| Government Bond | |
| 4.7% GOI FRB (22/09/2033) | 2.45% |
| 7.26% GOI (22/08/2032) | 0.74% |
| Government Bond Total | 3.19% |
| Cash & Other Receivables Total | 2.22% |
| Total | 100.00% |
** Thinly Traded / Non Traded Security # Unlisted Security
| IDCW (₹) Per Unit | |||
| Record Date | IDCW (₹) | Face Value (₹) | Cum Nav (₹) |
25-Jul-22 |
5.8778 |
5.8778 |
1,093.0141 |
24-Aug-22 |
5.1977 |
5.1977 |
1,092.3340 |
26-Sep-22 |
2.4950 |
2.4950 |
1,089.6313 |
25-Oct-22 |
4.1844 |
4.1844 |
1,091.3207 |
Quarterly Dividend |
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| Record Date | IDCW (₹) | Face Value (₹) | Cum Nav (₹) |
18-Apr-22 |
7.5000 |
7.5000 |
1,008.6164 |
14-Jul-22 |
6.0000 |
6.0000 |
1,007.8770 |
17-Oct-22 |
6.0000 |
6.0000 |
1,007.8770 |
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 | 3.41% |
4.31% |
5.11% |
6.28% |
| Scheme Benchmark* | 4.11% |
5.21% |
6.18% |
7.49% |
| Additional Benchmark** | -0.96% |
3.10% |
4.59% |
6.24% |
| NAV as on 31st October, 2022 | ₹ 1,879.3157 | |||
| Index Value (31st October, 2022) | Index Value of benchmark is 4,616.42 and CRISIL 10 Year Gilt Index is 4,037.47 |
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| Allotment Date | 26th June, 2012 | |||
| Scheme Benchmark | *NIFTY Low Duration Debt Index B-I | |||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | |||
Mr. Mahendra Jajoo & Ms. Kruti Chheta managing the scheme since 08th September, 2016 & since August 22, 2022 respectively
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