Mirae Asset Short Duration Fund Direct Growth

Debt
Direct
Short Duration
Mirae Asset Short Duration Fund Direct Growth

About the Fund

Mirae Asset Short Duration Fund Direct Growth is a debt fund. This fund was started on 16 March, 2018. The fund is managed by Amit Modani. This fund is suitable to keep your money safe.

Key Parameters

  1. Mirae Asset Short Duration Fund Direct Growth has ₹336 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Mirae Asset Short Duration Fund Direct Growth has given a CAGR return of 6.94% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.24%, 5.64% and 6.66% respectively.

Holdings

Mirae Asset Short Duration Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.32% Govt Stock 2030, 7.1% Govt Stock 2034, 7.37% Govt Stock 2028, Small Industries Development Bank Of India, Bharti Telecom Limited

Taxation

As it is a short 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 Short Duration Fund Direct Growth

The investment objective of the scheme is to seek to generate returns through an actively managed diversified portfolio of debt and money market instruments with Macaulay duration of the portfolio is between 1 year to 3 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 and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Mirae Asset Short Duration Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
22 people have invested ₹ 7L in Mirae Asset Short Duration Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.29%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹336 Cr
Inception Date16 March, 2018
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
294.34%
Risk
Risk meter
pointer
Low to Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
86.5%

AA
13.5%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
49.4%
Government
42.7%
Cash Equivalent
7.9%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.32% Govt Stock 2030
7.32% Govt Stock 2030
11.6%
0%
7.1% Govt Stock 2034
7.1% Govt Stock 2034
8.39%
16.7%
7.37% Govt Stock 2028
7.37% Govt Stock 2028
6.02%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
4.29%
100%
Bharti Telecom Limited
Bharti Telecom Limited
3.72%
0%

Amit Modani
Amit Modani
Fund Manager of Mirae Asset Short Duration Fund Direct Growth, since 30 June 2021

Mutual Fund Insights

Insights icon
In the last 1 year, ICICI Prudential Short Term Fund Direct Plan Growth Option has given 7.96% return, outperforming this fund by 0.72%.
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In the last 3 years, UTI - Short Duration Fund - Direct Plan - Growth Option has given 7.63% return, outperforming this fund by 1.98% per annum.
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In the last 5 years, UTI - Short Duration Fund - Direct Plan - Growth Option has given 8.26% return, outperforming this fund by 1.6% per annum.
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This fund has one of the lowest expense ratio in the category (short duration). Its expense ratio is 0.29% which is lower than the category average expense ratio of 0.71%.
Insights icon
Over the last 1 month, this fund has experienced a 2.8% drop in AUM moving from 346.19 Cr to 336.44 Cr.

Mirae Asset Short Duration Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 6.94% since inception which is more than its category average return of 5.64%
AUM size ₹336 Cr

AUM size ₹336 Cr

This fund has AUM of ₹336 Cr which is less than its category average of ₹ 3614 Cr
Expense Ratio 0.29%

Expense Ratio 0.29%

This fund has an expense ratio of 0.29% which is less than its category average expense ratio of 0.68%

Frequently Asked Questions

The current NAV of Mirae Asset Short Duration Fund Direct Growth is ₹15.22 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Mirae Asset Short Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.79%
0.79%
6 Month Returns
4.13%
4.13%
1 Year Returns
7.24%
7.24%
3 Years Returns
17.9%
5.64%
5 Years Returns
38.06%
6.66%
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.
0.29% as on May 2024
₹336 Cr as on May 2024
7.32% Govt Stock 2030(11.6%), 7.1% Govt Stock 2034(8.39%), 7.37% Govt Stock 2028(6.02%), Small Industries Development Bank Of India(4.29%), Bharti Telecom Limited(3.72%) as on May 2024
Corporate(49.4%), Government(42.67%), Cash Equivalent(7.93%) as on May 2024
Yield to Maturity is 7.75 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 2.69 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
86.54
AA
13.46
Amit Modani is the fund manager of Mirae Asset Short Duration Fund Direct Growth
The Exit load of Mirae Asset Short Duration Fund Direct Growth is 0%