Mirae Asset Short Duration Fund Direct Growth

Mirae Asset Short Duration Fund Direct Growth

Debt

Direct

Short Duration

NAV as on 03-12-2024

₹ 15.84

0.2%

1D

Inception Returns

7.1%

/yr

About Mirae Asset Short Duration Fund Direct Growth

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

Key Parameters

  1. Mirae Asset Short Duration Fund Direct Growth has ₹366 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 7.09% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.89%, 6.44% and 6.55% 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, HDFC Bank Limited, Indian Railway Finance Corporation 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 99.00. Mirae Asset Short Duration Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
59 people have invested ₹ 48.1L in Mirae Asset Short Duration Fund Direct Growth in the last three months

Mirae Asset Short Duration Fund Direct Growth Overview

Expense ratio0.29%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹366 Cr
Inception Date16 March, 2018
Min Lumpsum/SIP₹5000/₹99
Exit Load0%
Lock InNo Lock-in
TurnOver
291.95%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (03-Dec-24)

Period
Mirae Asset Short Duration Fund Direct Growth
Short Duration Index
1M
0.8%
0.7%
3M
2.1%
1.9%
6M
4.5%
4.1%
1Y
8.9%
8.1%
3Y
6.4%
6.1%
5Y
6.5%
6.2%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
88.9%

AA
11.1%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
51.4%
Government
42.2%
Cash Equivalent
6.4%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 341.9 Cr
₹ 341.9 Cr
₹ 339.5 Cr
  • AUM of the fund stands at 341.9 Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Cash allocation has gone down from 8.8% to 6.4%
Cash allocation has gone down from 8.8% to 6.4%
Debt allocation has gone up from 90.9% to 93.3%
Debt allocation has gone up from 90.9% to 93.3%

Top 2 Sectors in October were Corporate, Government

Oct'24
Corporate
51%
Government
42%
Sep'24
Corporate
56%
Government
36%
  • Debt & Cash

Holdings
Weight%
1M Change
7.32% Govt Stock 2030
7.32% Govt Stock 2030
13.53%
0%
7.1% Govt Stock 2034
7.1% Govt Stock 2034
6.23%
56%
7.37% Govt Stock 2028
7.37% Govt Stock 2028
4.17%
0%
HDFC Bank Limited
HDFC Bank Limited
3.54%
100%
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
2.74%
0%
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Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.89L Cr
as on 31-Oct-2024
Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Website
customercare@miraeasset.com

Mutual Fund Insights

Insights icon
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 0.7%.
Insights icon
In the last 5 years, UTI - Short Duration Fund - Direct Plan - Growth Option has given 7.99% return, outperforming this fund by 1.44% per annum.
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In the last 3 years, ICICI Prudential Short Term Fund Direct Plan Growth Option has given 7.21% return, outperforming this fund by 0.77% per annum.
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In the last 1 year, Bandhan Bond Fund - Short Term Plan Direct Plan Growth has given 9.05% return, outperforming this fund by 0.15%.
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Over the last 1 month, this fund has experienced a 7.0% growth in AUM moving from 341.86 Cr to 365.74 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 7.09% since inception which is more than its category average return of 5.83%
AUM size ₹366 Cr

AUM size ₹366 Cr

This fund has AUM of ₹366 Cr which is less than its category average of ₹ 3929 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 0.67%

Frequently Asked Questions for Mirae Asset Short Duration Fund Direct Growth

The current NAV of Mirae Asset Short Duration Fund Direct Growth is ₹15.84 as on 03-Dec-2024.
Existing (Absolute + CAGR) as on 03-Dec-2024.
Mirae Asset Short Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.78%
0.78%
6 Month Returns
4.48%
4.48%
1 Year Returns
8.89%
8.89%
3 Years Returns
20.58%
6.44%
5 Years Returns
37.33%
6.55%
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 November 2024
₹366 Cr as on November 2024
7.32% Govt Stock 2030(13.53%), 7.1% Govt Stock 2034(6.23%), 7.37% Govt Stock 2028(4.17%), HDFC Bank Limited(3.54%), Indian Railway Finance Corporation Limited(2.74%) as on November 2024
Corporate(50.4%), Government(41.59%), Cash Equivalent(8.01%) as on November 2024
Yield to Maturity is 7.45 as on November 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 2.84 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
88.93
AA
11.07
The Exit load of Mirae Asset Short Duration Fund Direct Growth is 0%