About Mirae Asset Savings Fund Direct Plan-Dividend Monthly
Mirae Asset Savings Fund Direct Plan-Dividend Monthly is a Debt
mutual fund scheme from Mirae Asset Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Mahendra Kumar Jajoo
. It has an AUM of ₹529.07 Crores and the latest NAV decalared is ₹1165.941 as on 20 Nov 2019 at 9:00 pm.
Mirae Asset Savings Fund Direct Plan-Dividend Monthly scheme return performance in last 1 year is 7.56%, in last 3 years is 22.43% and 32.28% since scheme launch. The min. SIP amount to invest in this scheme is ₹1000.
About Fund Category
Low Duration Funds maintain a portfolio of high-rated debt and money market instruments. Since the portfolio has a Macaulay duration of around 6 to12 months, these funds try to achieve a balance of safety, liquidity and yield. Investors may find these funds suitable to earn regular income on short term surplus money.