Mirae Asset Low Duration Fund Direct Plan Daily Reinvestment of Income Dis cum cptl wdrl

Debt
Direct
Low Duration
Mirae Asset Low Duration Fund Direct Plan Daily Reinvestment of Income Dis cum cptl wdrl

About the Fund

Mirae Asset Low Duration Fund Direct Plan Daily Reinvestment of Income Dis cum cptl wdrl is a debt fund. This fund was started on 8 October, 2013. The fund is managed by . This fund is suitable to keep your money safe.

Key Parameters

  1. Mirae Asset Low Duration Fund Direct Plan Daily Reinvestment of Income Dis cum cptl wdrl has ₹616 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

Mirae Asset Low Duration Fund Direct Plan Daily Reinvestment of Income Dis cum cptl wdrl has given a CAGR return of 5.80% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.17%, 5.26% and 5.39% respectively.

Holdings

Mirae Asset Low Duration Fund Direct Plan Daily Reinvestment of Income Dis cum cptl wdrl has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are ICICI Bank Limited, Punjab National Bank, 360 One Prime Ltd., Embassy Office Parks Reit, Ongc Petro Additions Limited

Taxation

As it is a low 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.

Investment objective of Mirae Asset Low Duration Fund Direct Plan Daily Reinvestment of Income Dis cum cptl wdrl

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.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Mirae Asset Low Duration Fund Direct Plan Daily Reinvestment of Income Dis cum cptl wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio
Expense ratio
0.2%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹616 Cr
Inception Date
Inception Date
8 October, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
264.89%

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
90%

AA
10%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
63.7%
Cash Equivalent
21.1%
Government
15.2%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
ICICI Bank Limited
ICICI Bank Limited
5.47%
0%
Punjab National Bank
Punjab National Bank
3.86%
0%
360 One Prime Ltd.
360 One Prime Ltd.
3.24%
0%
Embassy Office Parks Reit
Embassy Office Parks Reit
2.9%
0%
Ongc Petro Additions Limited
Ongc Petro Additions Limited
2.44%
0%

Mirae Asset Low Duration Fund Direct Plan Daily Reinvestment of Income Dis cum cptl wdrl Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 5.8% since inception which is more than its category average return of 4.97%
AUM size ₹616 Cr

AUM size ₹616 Cr

This fund has AUM of ₹616 Cr which is less than its category average of ₹ 3727 Cr
Expense Ratio 0.2%

Expense Ratio 0.2%

This fund has an expense ratio of 0.2% which is less than its category average expense ratio of 0.65%

Frequently Asked Questions

The current NAV of Mirae Asset Low Duration Fund Direct Plan Daily Reinvestment of Income Dis cum cptl wdrl is ₹1208.93 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Mirae Asset Low Duration Fund Direct Plan Daily Reinvestment of Income Dis cum cptl wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0%
0%
6 Month Returns
2.72%
2.72%
1 Year Returns
6.17%
6.17%
3 Years Returns
16.63%
5.26%
5 Years Returns
30.03%
5.39%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.2% as on May 2024
₹616 Cr as on May 2024
ICICI Bank Limited(5.47%), Punjab National Bank(3.86%), 360 One Prime Ltd.(3.24%), Embassy Office Parks Reit(2.9%), Ongc Petro Additions Limited(2.44%) as on May 2024
Corporate(63.68%), Cash Equivalent(21.1%), Government(15.23%) as on May 2024
Yield to Maturity is 7.78 as on May 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.89 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
90
AA
10
The Exit load of Mirae Asset Low Duration Fund Direct Plan Daily Reinvestment of Income Dis cum cptl wdrl is 0%