As on 21 Nov 2024
Mirae Asset Low Duration Fund - Direct Plan - Growth
DebtNAV
₹ 2340.27
CAGR (3 Years)
6.47%
AUM (Cr)
₹ 1,248.72
Risk
Low to Moderate Risk
About Mirae Asset Low Duration Fund - Direct Plan - Growth
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.
Breakdown of this Fund
Debt Others
83.22%
Govt. Securities
19.14%
T Bills
38.42%
Market Capitalization
Expense Ratio, Exit Load and Tax
Expense Ratio
0.3
Exit Load
NIL
Stamp Duty
0.005% (from July 1st, 2020)
Tax Implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.