Mirae Asset Savings Fund - Direct Plan - Growth
Mirae Asset Savings Fund - Direct Plan - Growth of Mirae Asset Mutual Fund has asset class type as Ultra-Short-Term. Oro Wealth rating for the fund is 2.
Basic Details
Fund Manager
Mahendra Jajoo
AuM (Rs Crores)
368.2509
Asset Class
Ultra-Short-Term
Net Asset Value:
1652.0041
Rating
2
Benchmark
CRISIL Low Duration Debt Index
Fund Type
Short Term
SEBI Category
Low Duration Fund
Fund Manager Details:
Mahendra Jajoo ACA, CFA Charteredholder, CFA Institute, U.S.A. 3. ACS. Mahendra Jojoo has over 11 years of experience in Fixed income Fund Management. Prior Experience : 1. January 1995 to February 1997: Manager - Lodha Capital Markets Ltd. 2. March 1997 to November 1997: Senior Manager - Peregrine Fixed Income Ltd. 3. December 1997 to February 1999: Asst.Vice President - ICICI Bank Ltd. 4. March 1999 to December 24: Head - Primary Dealership, ABN AMRO Securities (I) Pvt. Ltd.
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.