Expense ratio, exit load and tax
Expense ratio: 0.37%
Inclusive of GST
Exit load
Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 90 Days.
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.
Fund management
Education
Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
Experience
Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.
Managed Schemes
Mirae Asset Low Duration Fund Direct Growth
Mirae Asset Liquid Fund Direct Growth
Mirae Asset Aggressive Hybrid Fund Direct Growth
Mirae Asset Dynamic Bond Fund Direct Growth
Mirae Asset Short Duration Fund Direct Growth
Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Fixed Maturity Plan Series III 1122 Days Direct Growth
Mirae Asset Overnight Fund Direct Growth
Mirae Asset Arbitrage Fund Direct Growth
Mirae Asset Banking and PSU Fund Direct Growth
Mirae Asset Ultra Short Duration Fund Direct Growth
Mirae Asset Corporate Bond Fund Direct Growth
Mirae Asset Money Market Fund Direct Growth
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth
Mirae Asset Balanced Advantage Fund Direct Growth
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth
Mirae Asset CRISIL IBX Gilt Index April 2033 Index Fund Direct Growth
Education
Ms. Sawant is an M.S. Finance ( ICFAI Hyderabad ), CFA and B.Com.
Experience
Prior to joining Mirae Asset Mutual Fund, She was associated with Sushil Finance Securities Pvt. Ltd., Latin Manharlal Securities Pvt. Ltd. and Kabu Shares and Stocking Pvt. Ltd. for Financial Analysis and Research.
Managed Schemes
Education
Mr. Borawake is MBA(Finance) & B.E.(Polymers)
Experience
Prior to joining Mirae Asset Mutual Fund, he has worked with Motilal Oswal Securities Ltd. as Vice President and Capmetrics & Risk Solutions Private Ltd. as Research Analyst - Equity.
Managed Schemes
Education
Mr. Kasera is a MBA (Finance), CFA (ICFAI).
Experience
Prior to joining Mirae Asset Mutual Fund, he was associated with Axis Capital Ltd. as an Equity Research Analyst. He has also been associated with Edelweiss Broking Ltd.