Overview
Mirae Asset Short Duration Fund Direct Growth
Mirae Asset Mutual Fund
The scheme seeks to generate returns through an actively managed diversified portfolio of debt and money market instruments with Macaulay duration of the portfolio between 1 year to 3 years.
Investments in Mirae Asset Short Duration Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 16.5126
Fund Size (AUM)
₹347.46 Cr
Risk
Moderate (Risk rating: 3/10)
Minimum Investment
Lumpsum: ₹ 5000
SIP: ₹99
Launch Date
16-Mar-2018
Expense Ratio
0.25%
Exit Load
Nil
Benchmark
CRISIL Short Duration Debt A-II Index
Standard Deviation
1.07
History
Performance & Ratios
1-Year SIP Return
9.32%
3-Year SIP Return
8.16%
5-Year SIP Return
7.01%
Mean Return
10.36%
Alpha
5.3
Beta
2.22
Sharpe Ratio
0.64
Sortino Ratio
0.77
Information Ratio
3.54
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 10.1% | 7.56% | 6.73% | 8.98% |
| Category Average | 9.12% | 6.82% | 6.28% | N/A |
| Rank Within Category | 3 | 12 | 14 | N/A |
Holdings (46)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| GOI | Sovereign | GOI Sec | 11.5% |
| National Bank For Agriculture & Rural Development | Financial | Bonds | 3.91% |
| Karnataka State | Others | SDL | 3.79% |
| Power Finance Corporation Ltd. | Financial | Debenture | 3.47% |
| LIC Housing Finance Ltd. | Financial | Debenture | 3.2% |
| National Bank For Agriculture & Rural Development | Financial | Bonds | 3.19% |
| Small Industries Devp. Bank of India Ltd. | Financial | Bonds | 2.91% |
| LIC Housing Finance Ltd. | Financial | NCD | 2.91% |
| Godrej Industries Ltd. | Consumer Staples | NCD | 2.9% |
| REC Ltd. | Financial | Debenture | 2.9% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| ICICI Prudential Short Term Fund Direct Plan Growth | 20427.68 | 9.86 | 8.3 | 0.45 | N/A |
| Aditya Birla Sun Life Short Term Direct Fund Direct Growth | 8068.03 | 10.04 | 7.9 | 0.37 | N/A |
| Axis Short Duration Fund Direct Growth | 9024.4 | 10.08 | 7.73 | 0.36 | N/A |
| HDFC Short Term Debt Fund Direct Plan Growth | 14207.9 | 9.81 | 7.68 | 0.4 | N/A |
| Nippon India Short Term Fund Direct Growth | 6232.07 | 10.05 | 7.64 | 0.37 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 99
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: 1, 10, 15, 21, 28
Min Amount: ₹ 1000
Min Installments: 5
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 10, 15, 21, 28
Min Amount: ₹ 1000
Min Installments: 5
AMC Details
Asset Management Company
Mirae Asset Mutual Fund
Mirae Asset Mutual Fund started their mutual fund on 30/11/2007 and its managing total assets of ₹11,044 Cr. Its ranked at 22 as per total assets at end of 30th Sep 2017. Mirae Asset Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Mirae Asset is a global financial company which is present across 12 countries and 5 continents. The company was founded in 1997 and since then pioneered to become a global presence.
Mirae believes that they are the best investment choice because of their strong investment philosophy, and niche to understand comparative advantage of various companies to make a sustainable and long- lasting decision for investors. They always believe in investing with a long term goal to sustainability in the market.
They believe in assessing risk in a way that it ultimately optimizes returns of investors. They constantly monitor the valuation, liquidity and corporate governance so that any risk can be mitigated. As a global brand it has obtained the trust of investors and has made a mark for itself in the mutual fund industry.
Launch Date
2007-11-30T00:00:00.720Z
Total AUM
₹ 183685.26 Cr
Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Website
Sub Type
Gilt
Sub Type Info
Invest predominantly in Government Securities(minimum 80% of total assets). They are relatively more risky than the other debt funds due to fluctuating interest rates.
Tax Impact
Returns are taxed as per your Income Tax slab.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
Compare with Another Fund
Mirae Asset Short Duration Fund Direct Growth
Mirae Asset Mutual Fund
You May Be Interested In
LIC MF Medium to Long Duration Fund Direct Growth
Medium to Long Duration
Bajaj Finserv Overnight Fund Direct Growth
Overnight
JM Low Duration Fund Direct Plan Growth
Low Duration
UTI Corporate Bond Fund Direct Growth
Corporate Bond
UTI Credit Risk Fund Direct Growth
Credit Risk
Bandhan Liquid Fund Direct Plan Growth
Liquid
Franklin India Government Securities Fund Direct Growth
Gilt
Kotak Banking and PSU Debt Fund Direct Growth
Banking and PSU
Canara Robeco Banking and PSU Debt Fund Direct Growth
Banking and PSU
Canara Robeco Liquid Direct Plan Growth
Liquid
Explore More Mutual Funds
Equity Mutual Funds - Top Equity Fund Picks
Explore top equity mutual funds to diversify your portfolio. Filter by NAV, fund size, and more to find the best equity funds.
Hybrid Mutual Funds - Top Hybrid Funds
Find top hybrid mutual funds for balanced growth. Filter by NAV, fund size, and risk to choose the best hybrid funds.
Commodities Mutual Funds
Explore commodities mutual funds for diversification. Filter by NAV and fund size to find the best commodity funds.
ELSS Mutual Funds - Top Tax-Saving Funds
Discover top ELSS mutual funds for tax savings and growth. Filter by NAV, fund size, and AMC to find the best ELSS funds.
Large Cap Equity Funds
Find top large cap equity funds. Filter by AMC, NAV, and fund size to choose the best funds.
Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Mirae Asset Short Duration Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Mirae Asset Short Duration Fund Direct Growth?
The top stocks held by Mirae Asset Short Duration Fund Direct Growth include GOI, National Bank For Agriculture & Rural Development, Karnataka State.
Which industries does Mirae Asset Short Duration Fund Direct Growth invest in?
Mirae Asset Short Duration Fund Direct Growth primarily invests in the following industries: Sovereign, Financial, Others.
Who are the fund managers of Mirae Asset Short Duration Fund Direct Growth?
The fund managers of Mirae Asset Short Duration Fund Direct Growth are Amit Modani and Basant Bafna.
How many years has the fund manager been managing Mirae Asset Short Duration Fund Direct Growth?
Amit Modani:
Calculating...
Basant Bafna:
Calculating...
What is the minimum investment for Mirae Asset Short Duration Fund Direct Growth?
The minimum investment for Mirae Asset Short Duration Fund Direct Growth is ₹5000 for lumpsum investments and ₹99 for SIPs.
What are the average 1-year returns for Mirae Asset Short Duration Fund Direct Growth?
Calculating...
What are the average 3-year returns for Mirae Asset Short Duration Fund Direct Growth?
Calculating...
What is the expense ratio of Mirae Asset Short Duration Fund Direct Growth, and how does it compare to its category?
The expense ratio of Mirae Asset Short Duration Fund Direct Growth is 0.25%. The average expense ratio for similar funds in the Debt is Calculating....