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Previously called: Mirae Asset Short Term Direct-G
NAV as of May 17, 2024
₹15.1032-0.01% 1D change
Returns since inception
Returns Annualised Returns since inception
6.9% p.a.
#6
of 20 funds
Consistency of returns
Protection from volatility
Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
Exit Load: This fund has no exit load.
VRO rating | 3 |
Expense ratio | 0.3% as on Apr 30, 2024 |
Exit load | 0% Exit load of 0.25% if redeemed within 30 days.! |
AUM (Fund size) | ₹346 Crs |
Lock-in | No Lockin |
Age | 6 yrs 2 m since Feb 23, 2018 |
Benchmark | CRISIL Short Duration Debt A-II Index |
Min. investment | SIP ₹1000 & Lump. ₹5000 |
Risk | Moderate |
Tax on your gains | Profits are added to your income and taxed as per your slab rate |
Period | This fund | Category average |
---|---|---|
1 month | 0.76% | 0.7836363636363637% |
3 months | 1.79% | 1.7640909090909092% |
6 months | 3.92% | 3.882727272727273% |
1 year | 6.97% | 7.0286363636363625% |
3 years | 5.57% | 6.199999999999999% |
5 years | 6.75% | 6.711052631578949% |
Large Cap 0.0%
Mid Cap 0.0%
Small Cap 0.0%
Other Cap 0.0%
Bifurcation by Holding is not available for this fund
Bifurcation by Sector is not available for this fund
AAA 51.2788138%
SOV 20.75795785%
A1+ 9.74063289%
Cash & Call Money 8.52138191%
GOI 15.61%
Small Industries Devp. Bank of India Ltd. 9.05%
Power Finance Corporation Ltd. 6.93%
Bharti Telecom Ltd. 6.5%
Debenture 48.725240150000005%
GOI Securities 15.61347427%
Net Receivables 7.01206976%
Certificate of Deposit 6.98836714%
Others 7.01%
Fund name | ETM Rank | AUM (in Crs.) | Fund age | Expense ratio |
---|---|---|---|---|
Axis Short Term Fund | #1 | ₹7,944 Crs | 11 yrs 4 m | 0.34% |
ICICI Prudential Short Term Fund | #2 | ₹18,092 Crs | 11 yrs 4 m | 0.45% |
SBI Short Term Debt Fund | #3 | ₹12,825 Crs | 11 yrs 4 m | 0.35% |
Aditya Birla Sun Life Short Term Fund | #4 | ₹7,274 Crs | 11 yrs 4 m | 0.39% |
HDFC Short Term Debt Fund | #5 | ₹12,948 Crs | 11 yrs 4 m | 0.4% |
Fund name | 1M | 6M | 1Y | 3Y | 5Y | 10Y |
---|---|---|---|---|---|---|
Axis Short Term Fund | 0.77% | 4.03% | 7.08% | 5.9% | 7.33% | 8.02% |
ICICI Prudential Short Term Fund | 0.81% | 3.94% | 7.79% | 6.54% | 7.88% | 8.5% |
SBI Short Term Debt Fund | 0.75% | 3.77% | 6.96% | 5.57% | 6.88% | 7.65% |
Aditya Birla Sun Life Short Term Fund | 0.79% | 4.03% | 7.31% | 6.21% | 7.58% | 8.27% |
HDFC Short Term Debt Fund | 0.78% | 3.99% | 7.36% | 5.88% | 7.37% | 7.87% |
Fund name | Std. deviation | Beta | Sharpe | Sortino |
---|---|---|---|---|
Axis Short Term Fund | 0.99 | 1.8 | 0.45 | 0.65 |
ICICI Prudential Short Term Fund | 0.9 | 1.46 | 1.21 | 1.75 |
SBI Short Term Debt Fund | 0.99 | 1.85 | 0.13 | 0.18 |
Aditya Birla Sun Life Short Term Fund | 0.96 | 1.61 | 0.76 | 1.25 |
HDFC Short Term Debt Fund | 0.99 | 1.81 | 0.45 | 0.58 |
Alpha | 3.85 vs. 3.1310642 Higher outperformance against benchmark |
Sharpe | 0.12 vs. 2.8287709 Poor risk-adjusted returns |
Beta | 1.86 vs. 0.99650544 More sensitive to market's ups & downs |
Standard deviation | 1.01 vs. 1.7125005 More stable returns |
Fund AUM | ₹346 Crs as on Mar 31, 2024 |
Scheme document | View Scheme Document |
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.
No. of schemes | 32 view all schemes |
Total AUM | ₹1,64,468 Crs as on Mar 31, 2024 |
Address | Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai, 400098 |
Phone | 022-67800301 / 1800-2090-777 |
Fund name | ETM Rank | AUM (in Crs.) | 1Y | 3Y |
---|---|---|---|---|
Mirae Asset Ultra Short Duration Fund | N.A. | ₹1,464 Crs | 7.52% | 5.86% |
Mirae Asset Low Duration Fund | #11 | ₹595 Crs | 7.38% | 5.72% |
Mirae Asset Liquid Fund | #27 | ₹9,884 Crs | 7.31% | 5.68% |
Mirae Asset Money Market Fund | N.A. | ₹145 Crs | 7.48% | N.A. |
Mirae Asset Overnight Fund | N.A. | ₹865 Crs | 6.78% | 5.35% |
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In our ranking methodology, we prioritize funds that consistently perform well over those that fluctuate in their performance. To ensure stability in our rankings, we analyzed data for a minimum of five years, rather than just a year or two. We also placed a greater emphasis on recent performance, as it tends to have a greater impact on momentum. This allows us to capture the full potential of recent momentum in our rankings.
The Mirae Asset Short Duration Fund is a 6 yrs 2 m old fund and has delivered average annual returns of 6.9% since inception.
1-Year | 3-Year | 5-Year | Since Inception |
---|---|---|---|
6.97% | 5.57% | 6.75% | 6.9% |
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of Mirae Asset Short Duration Fund for May 17, 2024 is 15.1032.
Mirae Asset Short Duration Fund has an ET Money Rank of #6 of 20 and a consistency rating of 3.0.
This indicates the fund has delivered above-average returns with exceptional consistency. All this means Mirae Asset Short Duration Fund can be a good addition to your portfolio
On ET Money, Investing in Mirae Asset Short Duration Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of Mirae Asset Short Duration Fund is 0.3%. .
Redeeming your investments in Mirae Asset Short Duration Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in Mirae Asset Short Duration Fund from anywhere else, you can go to the fund house website and put a request through it.
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of Mirae Asset Short Duration Fund is ₹346 Crs.
The credit rating of the instruments in which the fund invests represents the quality of the borrower.
The Mirae Asset Short Duration Fund allocation by credit quality is given below
Credit Quality | Percentage of Portfolio |
AAA | 51.2788138% |
SOV | 20.75795785% |
A1+ | 9.74063289% |
The top 3 debt holdings of Mirae Asset Short Duration Fund are as follows
Holding Name | Percentage of Portfolio |
GOI | 15.61% |
Small Industries Devp. Bank of India Ltd. | 9.05% |
Power Finance Corporation Ltd. | 6.93% |
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