Mirae Asset Low Duration Fund Daily IDCW

Mirae Asset Low Duration Fund Daily IDCW is a scheme launched by Mirae Asset Mutual Fund on August 08, 2013, and falls under the Low Duration fund category. It currently manages an AUM of Rs 1,971.74 crore. The fund permits investments with a minimum SIP of Rs 1000 and a lump sum of Rs 5000. It charges an expense ratio of 0.85% for managing the portfolio.

• Investing Strategy:

  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.

• Performance:

  Mirae Asset Low Duration Fund Daily IDCW trailing returns over different times are 0% (1 year), 0.01% (3 year) and 0% (5 year). The average annual return of this fund stands at 0%.