Fund Information Back to Funds

Mirae Asset Savings Fund
(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)

Park funds in quality portfolio

Mirae Asset Savings Fund shall endeavor to capture the debt and market returns based on evolving rate and macro-economic environment.

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.

Type of Instruments Indicative Allocation (% of total assets) Risk Profile
Minimum Maximum
Money market instruments/ debt securities Instruments and/or units of debt/liquid schemes of domestic/ international Mutual Funds. 0% 100% Low to Medium

This scheme is meant for investors to deploy their funds for a short period of time where the macaulay duration of the portfolio is between 6-12 months.

The fund will be managed according to the investment objective, thereby seek to generate reasonable returns com`mensurate with low risk.

The scheme will invest in money market and other debt securities and shall maintain high liquidity for the purpose of meeting the liquidity requirements of the investors.

* - The Macaulay duration is the weighted average term to maturity of the cash flows from a bond. The weight of each cash flow is determined by dividing the present value of the cash flow by the price. Macaulay duration can be calculated: n t*C n*M ∑ ------------ + ------------ t=1 (1+y)t (1+y)n P Where: t = respective time period C = periodic coupon payment y = periodic yield n = total number of periods M = maturity value P = market price of bond

Fund Suitability

The fund is suitable for the following set of investors

  • Investors who want to invest in a high credit quality debt and money market portfolio for short to medium term duration.
  • Investors looking at a product which provides high liquidity and No Lock in period.
  • Investors who want to invest in systematic manner in equity funds and want to invest through STP in a no exit load fund.

*This scheme is not an assured returns scheme

Product Label

Product Labelling MASF
Net Asset Value(NAV):

Fund Information
Fund Manager Mr. Mahendra Kumar Jajoo
Allotment Date 05-Mar-08
Benchmark Index CRISIL Low Duration Debt Index
Minimum Investment Amount Rs. 5,000/- and in multiples of Rs. 1/- thereafter. Minimum Additional Application Amount: Rs. 1,000/- per application and in multiples of Rs. 1/- thereafter.
Plans Available Regular Savings Plan and Direct Plan
Options Available Growth Option and Dividend Option (Payout & Re-investment)