Mirae Asset Long Duration Fund Direct Growth

Mirae Asset Long Duration Fund Direct Growth is a debt fund. This fund was started on 9 December, 2024. The fund is managed by . This fund is suitable to keep your money safe.

1. Mirae Asset Long Duration Fund Direct Growth has ₹0 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.
   

Mirae Asset Long Duration Fund Direct Growth has given a CAGR return of -0.16% since inception.

Mirae Asset Long Duration Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 7.34% Govt Stock 2064, 7.3% Govt Stock 2053, 7.23% Govt Stock 2039

As it is a long duration mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

The investment objective of the scheme is to seek to generate returns through an actively managed diversified portfolio of debt and money market instruments such that the Macaulay duration of the portfolio is greater than 7 years. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Long Duration Fund Direct Growth has no lock in period.