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.
CRISIL Low Duration Debt Index
Low Duration Fund
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.
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.