Mirae Asset Savings Fund (Debt, Ultra Short Term)

Moderately Low
10 yrs 1 monthsStarted on:05 Mar 2008
₹ 393.26 Cras on: 20 Mar 2018
Short Term Horizon
Income Generation

Minimum Investment

  • ₹ 5000.00 for Lumpsum

Investment Objective

The scheme aims to enhance income consistent with a high level of liquidity, through a judicious portfolio mix of money market and debt instruments.

Exit Load

Scheme Documents

Similar Funds
Baroda Pioneer Treasury Advantage Fund - Plan A
Return (CAGR) 8.41%
Crisil Ranking 3
Value Research
Birla Sun Life Savings Fund
Return (CAGR) 7.76%
Crisil Ranking 3
Value Research
ICICI Prudential Flexible Income
Return (CAGR) 8.06%
Crisil Ranking 3
Value Research
UTI-Floating Rate Fund-STP
Return (CAGR) 7.37%
Crisil Ranking 3
Value Research
Axis Banking & PSU Debt Fund
Return (CAGR) 8.44%
Crisil Ranking 3
Value Research
Return (CAGR) 8.22%
Crisil Ranking 3
Value Research
Franklin India Savings Plus Fund Retail Option
Return (CAGR) 7.43%
Crisil Ranking NA
Value Research
Principal Low Duration Fund
Return (CAGR) 7.79%
Crisil Ranking 3
Value Research
SBI Savings Fund
Return (CAGR) 7.49%
Crisil Ranking 4
Value Research
HDFC Cash Management Fund - Treasury Advantage Plan - Retail
Return (CAGR) 7.30%
Crisil Ranking 4
Value Research
DSP BlackRock Ultra Short Term Fund
Return (CAGR) 7.84%
Crisil Ranking 2
Value Research
Motilal Oswal Most Ultra Short Term Bond Fund
Return (CAGR) 6.64%
Crisil Ranking 1
Value Research


TenureReturns (CAGR)
1 Month0.62
3 Month1.40
1 YR5.80
2 YR6.32
3 YR6.47

SIP Returns

TenureReturns (CAGR)
1 YR5.56
2 YR5.91
3 YR6.16
5 YR6.6


Company Name% Assets
Shriram Transport Finance Co. Ltd. 29/06/20186.81
Reliance Jio Infocomm Ltd. 29/04/2019 8.10%6.37
National Bank For Agriculture & Rural Development 25/05/2020 7.07%6.34
Indian Railway Finance Corpn. Ltd. 16/09/2018 7.15%6.33
Housing & Urban Development Corpn. Ltd. 180-D 16/05/20186.26
Kotak Mahindra Bank Ltd. 13/06/20186.23
HDFC Bank Ltd. 29/06/20186.21
Shapoorji Pallonji Co. Ltd. 349-D 30/10/20186.03
Housing Development Finance Corpn. Ltd. 362-D 18/02/20195.9
HDB Financial Services Ltd. 25/10/2019 7.78%3.78

Top Sectoral Holdings

Sector Name% Assets


Standard Deviation0.48%
Sharpe Ratio6.83

Mahendra Kumar Jajoo

Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like Pramerica Asset Managers Private Ltd., Tata Asset Management Company, ABN Amro Asset Management Company and ABN Amro Securities India Pvt. Ltd. and ICICI Group.

Other Funds Managed by Mahendra Kumar Jajoo

© CRISIL Limited 2017. All Rights Reserved