Mirae Asset Short Term Fund Direct Growth
DebtShort DurationLow to Moderate Risk
Direct
NAV (22-Oct-24)
₹15.69-0.01%1D
Returns (Since Inception)
7.06%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹342 Cr
Expense Ratio
0.29%
ISIN
INF769K01DX6
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
16 Mar 2018
About this fund
Mirae Asset Short Term Fund Direct Growth is a Short Duration mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 6 years, 7 months and 7 days, having been launched on 16-Mar-18.
As of 22-Oct-24, it has a Net Asset Value (NAV) of ₹15.69, Assets Under Management (AUM) of 341.86 Crores, and an expense ratio of 0.29%.
As of 22-Oct-24, it has a Net Asset Value (NAV) of ₹15.69, Assets Under Management (AUM) of 341.86 Crores, and an expense ratio of 0.29%.
- Mirae Asset Short Term Fund Direct Growth has given a CAGR return of 7.06% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 90.04% in debts, and 9.65% in cash & cash equivalents.
- You can start investing in Mirae Asset Short Term Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+8.73%
+7.68% (Cat Avg.)
3 Years
+6.24%
+5.85% (Cat Avg.)
5 Years
+6.56%
+6.21% (Cat Avg.)
Since Inception
+7.06%
— (Cat Avg.)
Portfolio Summaryas of 15th October 2024
| Debt | ₹307.81 Cr | 90.04% |
| Others | ₹34.05 Cr | 9.96% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 07.32 Goi 2030 | Bond - Gov't/Treasury | ₹49.91 Cr | 14.25% |
| 7.10%Goi 08/04/2034 | Bond - Gov't/Treasury | ₹25.57 Cr | 7.30% |
| 07.37 Goi 2028 | Bond - Gov't/Treasury | ₹15.36 Cr | 4.39% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹14.75 Cr | 4.21% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹12.08 Cr | 3.45% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹10.06 Cr | 2.87% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹10.04 Cr | 2.87% |
| Aditya Birla Renewables Limited | Bond - Corporate Bond | ₹10.03 Cr | 2.87% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹10 Cr | 2.86% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹10 Cr | 2.86% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹9.88 Cr | 2.82% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹8.55 Cr | 2.44% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹8.04 Cr | 2.30% |
| Treps | Cash - Repurchase Agreement | ₹7.6 Cr | 2.17% |
| Mindspace Business Parks Reit | Bond - Corporate Bond | ₹7.03 Cr | 2.01% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹7 Cr | 2.00% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹6.05 Cr | 1.73% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹6.03 Cr | 1.72% |
| Hero Fincorp Limited | Bond - Corporate Bond | ₹6.01 Cr | 1.72% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹5.1 Cr | 1.46% |
| Power Finance Corp Ltd. 7.6% | Bond - Corporate Bond | ₹5.07 Cr | 1.45% |
| 07.06 Goi 2028 | Bond - Gov't/Treasury | ₹5.06 Cr | 1.44% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹5.03 Cr | 1.44% |
| 08.10 JH Sdl 2025 | Bond - Gov't/Treasury | ₹5.03 Cr | 1.44% |
| Motilal Oswal Finvest Limited | Bond - Corporate Bond | ₹5.03 Cr | 1.44% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹5.02 Cr | 1.43% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹5.02 Cr | 1.43% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹5.02 Cr | 1.43% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹5 Cr | 1.43% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹4.99 Cr | 1.42% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹4.98 Cr | 1.42% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹4.97 Cr | 1.42% |
| Angel Broking Limited | Cash - Commercial Paper | ₹4.93 Cr | 1.41% |
| Motilal Oswal Financial Services Ltd | Cash - Commercial Paper | ₹4.84 Cr | 1.38% |
| 07.18 Goi 14082033 | Bond - Gov't/Treasury | ₹4.1 Cr | 1.17% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹4.04 Cr | 1.15% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹3.98 Cr | 1.14% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹3.57 Cr | 1.02% |
| 8.2% Govt Stock 2025 | Bond - Gov't/Treasury | ₹3.57 Cr | 1.02% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹3.11 Cr | 0.89% |
| Rec Limited | Bond - Corporate Bond | ₹2.99 Cr | 0.85% |
| Mahanagar Telephone Nigam Limited | Bond - Corporate Bond | ₹2.82 Cr | 0.81% |
| 07.75 KA Sdl 2027 | Bond - Gov't/Treasury | ₹2.55 Cr | 0.73% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹2.53 Cr | 0.72% |
| Bajaj Housing Finance Ltd. 8.04% | Bond - Corporate Bond | ₹2.52 Cr | 0.72% |
| Net Receivables / (Payables) | Cash | ₹1.68 Cr | 0.48% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹1.49 Cr | 0.43% |
| Class A2 units of Alternative Investment Fund Units # | Mutual Fund - Open End | ₹1.08 Cr | 0.31% |
| 08.20 Uk SDL 2028may | Bond - Gov't/Treasury | ₹1.04 Cr | 0.30% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹203.09 Cr | 58.00% |
| Bond - Gov't/Treasury | ₹112.18 Cr | 32.04% |
| Cash - CD/Time Deposit | ₹14.75 Cr | 4.21% |
| Cash - Commercial Paper | ₹9.77 Cr | 2.79% |
| Cash - Repurchase Agreement | ₹7.6 Cr | 2.17% |
| Cash | ₹1.68 Cr | 0.48% |
| Mutual Fund - Open End | ₹1.08 Cr | 0.31% |
Risk & Performance Ratios
Standard Deviation
This fund
1.05%
Cat. avg.
1.71%
Lower the better
Sharpe Ratio
This fund
0.17
Cat. avg.
-0.42
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.01
Higher the better
Fund Managers
BB
Basant Bafna
Since January 2023
Additional Scheme Detailsas of 15th October 2024
ISIN INF769K01DX6 | Expense Ratio 0.29% | Exit Load No Charges | Fund Size ₹342 Cr | Age 6 years 7 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark CRISIL Short Duration Debt B-II TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Short Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Axis Short Term Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹9341.54 Cr | 8.3% |
| Mirae Asset Short Term Fund Regular Growth Low to Moderate Risk | 1.1% | 0.0% | ₹341.86 Cr | 7.8% |
| Tata Short Term Bond Fund Regular Growth Moderate Risk | 1.2% | 0.0% | ₹2908.25 Cr | 7.8% |
| Bandhan Bond Fund - Short Term Plan Regular Growth Moderate Risk | 0.8% | 0.0% | ₹8909.57 Cr | 8.5% |
| Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹341.86 Cr | 8.7% |
| ICICI Prudential Short Term Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹19948.92 Cr | 8.1% |
| Mahindra Manulife Short Duration Fund Regular Growth Moderate Risk | 1.3% | 0.0% | ₹68.75 Cr | 8.1% |
| Mahindra Manulife Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹68.75 Cr | 9.2% |
| Nippon India Short Term Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹7573.42 Cr | 8.3% |
| HDFC Short Term Debt Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹14622.22 Cr | 8.7% |
About the AMC
Mirae Asset India Mutual Fund
Total AUM
₹1,97,338 Cr
Address
Unit No. 606, 6th Floor, Mumbai, 400 098
Other Funds by Mirae Asset India Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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We're here to help.
What is the current NAV of Mirae Asset Short Term Fund Direct Growth?
The NAV of Mirae Asset Short Term Fund Direct Growth, as of 22-Oct-2024, is ₹15.69.
What are the returns of Mirae Asset Short Term Fund Direct Growth?
The fund has generated 8.73% over the last 1 year and 6.24% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Mirae Asset Short Term Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 90.04% in bonds, and 9.65% in cash and cash equivalents.
Who manages the Mirae Asset Short Term Fund Direct Growth?
The fund managers responsible for Mirae Asset Short Term Fund Direct Growth are:-
- Basant Bafna
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.