Mirae Asset Short Term Fund Direct Growth

Fund Overview

Fund Size

₹346 Cr

Expense Ratio

0.30%

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, 2 months and 2 days, having been launched on 16-Mar-18.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹15.10, Assets Under Management (AUM) of 346.19 Crores, and an expense ratio of 0.3%.

Mirae Asset Short Term Fund Direct Growth has given a CAGR return of 6.91% since inception.
The fund's asset allocation comprises around 0.00% in equities, 81.43% in debts, and 18.26% 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

+7.01%

+5.38% (Cat Avg.)

3 Years

+5.59%

+5.08% (Cat Avg.)

5 Years

+6.78%

+5.66% (Cat Avg.)

Since Inception

+6.91%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2024

Debt	₹281.91 Cr	81.43%
Others	₹64.28 Cr	18.57%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
7.32% Govt Stock 2030	Bond - Gov't/Treasury	₹25.15 Cr	7.27%
Net Receivables / (Payables)	Cash	₹24.28 Cr	7.01%
7.1% Govt Stock 2034	Bond - Gov't/Treasury	₹23.9 Cr	6.90%
ICICI Bank Limited	Cash - CD/Time Deposit	₹19.45 Cr	5.62%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹18.4 Cr	5.31%
Pipeline Infrastructure Ltd. 7.96%	Bond - Corporate Bond	₹13.08 Cr	3.78%
Bharti Telecom Limited	Bond - Corporate Bond	₹12.5 Cr	3.61%
Jamnagar Utilities And Power Private Limited	Bond - Corporate Bond	₹10.04 Cr	2.90%
Bharti Telecom Limited	Bond - Corporate Bond	₹10.02 Cr	2.89%
Motilal Oswal Finvest Limited	Bond - Corporate Bond	₹10.01 Cr	2.89%
Embassy Office Parks Reit	Bond - Corporate Bond	₹9.98 Cr	2.88%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹9.97 Cr	2.88%
Embassy Office Parks Reit	Bond - Corporate Bond	₹9.93 Cr	2.87%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹9.93 Cr	2.87%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹9.91 Cr	2.86%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹8.98 Cr	2.59%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹8 Cr	2.31%
REC Ltd. 7.64%	Bond - Corporate Bond	₹7.99 Cr	2.31%
Nexus Select Trust	Bond - Corporate Bond	₹7.47 Cr	2.16%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹6.5 Cr	1.88%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹6.44 Cr	1.86%
Karnataka (Government of) 7.45%	Bond - Sub-sovereign Government Debt	₹5.66 Cr	1.64%
Treps	Cash - Repurchase Agreement	₹5.23 Cr	1.51%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹5.15 Cr	1.49%
Power Finance Corporation Limited	Bond - Corporate Bond	₹5.05 Cr	1.46%
08.10 JH Sdl 2025	Bond - Gov't/Treasury	₹5.04 Cr	1.45%
Power Finance Corporation Limited	Bond - Corporate Bond	₹4.97 Cr	1.43%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹4.91 Cr	1.42%
Indostar Capital Finance Limited	Cash - Commercial Paper	₹4.88 Cr	1.41%
National Bank For Agriculture And Rural Development	Cash - CD/Time Deposit	₹4.74 Cr	1.37%
Motilal Oswal Financial Services Ltd	Cash - Commercial Paper	₹4.65 Cr	1.34%
7.18% Govt Stock 2033	Bond - Gov't/Treasury	₹4 Cr	1.15%
Power Grid Corporation Of India Limited	Bond - Corporate Bond	₹3.99 Cr	1.15%
8.2% Govt Stock 2025	Bond - Gov't/Treasury	₹3.57 Cr	1.03%
LIC Housing Finance Ltd. 7.835%	Bond - Corporate Bond	₹2.99 Cr	0.87%
Export-Import Bank of India 7.4%	Bond - Gov't Agency Debt	₹2.98 Cr	0.86%
Mahanagar Telephone Nigam Limited	Bond - Corporate Bond	₹2.88 Cr	0.83%
07.75 KA Sdl 2027	Bond - Gov't/Treasury	₹2.52 Cr	0.73%
Bajaj Housing Finance Ltd. 8.04%	Bond - Corporate Bond	₹2.5 Cr	0.72%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹2 Cr	0.58%
Bajaj Finance Limited	Bond - Corporate Bond	₹1.99 Cr	0.58%
HDFC Bank Limited	Bond - Corporate Bond	₹1.5 Cr	0.43%
Class A2 units of Alternative Investment Fund Units #	Mutual Fund - Open End	₹1.06 Cr	0.31%
08.20 Uk SDL 2028may	Bond - Gov't/Treasury	₹1.02 Cr	0.30%
7.26% Govt Stock 2033	Bond - Gov't/Treasury	₹1 Cr	0.29%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Corporate Bond	₹207.06 Cr	59.81%
Bond - Gov't/Treasury	₹66.2 Cr	19.12%
Cash	₹24.28 Cr	7.01%
Cash - CD/Time Deposit	₹24.19 Cr	6.99%
Cash - Commercial Paper	₹9.53 Cr	2.75%
Bond - Sub-sovereign Government Debt	₹5.66 Cr	1.64%
Cash - Repurchase Agreement	₹5.23 Cr	1.51%
Bond - Gov't Agency Debt	₹2.98 Cr	0.86%
Mutual Fund - Open End	₹1.06 Cr	0.31%

Risk & Performance Ratios

Standard Deviation

This fund

1.01%

Cat. avg.

1.93%

Lower the better

Sharpe Ratio

This fund

-0.04

Cat. avg.

-0.54

Higher the better

Sortino Ratio

This fund

Cat. avg.

-0.02

Higher the better

Fund Managers

Basant Bafna

Since January 2023

Additional Scheme Detailsas of 30th April 2024

	ISIN	INF769K01DX6		Expense Ratio	0.30%		Exit Load	No Charges		Fund Size	₹346 Cr		Age	16 Mar 2018		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

Withdrawal (irrespective of holding period)

Realised Gain (capital gains) are taxed at your marginal income tax rate

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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%	₹7944.42 Cr	6.5%
Mirae Asset Short Term Fund Regular Growth Low to Moderate Risk	1.1%	0.0%	₹346.19 Cr	6.1%
Tata Short Term Bond Fund Regular Growth Moderate Risk	1.2%	0.0%	₹2333.49 Cr	6.1%
Bandhan Bond Fund - Short Term Plan Regular Growth Moderate Risk	0.8%	0.0%	₹8649.34 Cr	6.5%
Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹346.19 Cr	7.0%
ICICI Prudential Short Term Fund Regular Growth Moderate Risk	1.1%	0.0%	₹18091.83 Cr	7.2%
Mahindra Manulife Short Duration Fund Regular Growth Moderate Risk	1.3%	0.0%	₹50.06 Cr	6.3%
Mahindra Manulife Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹50.06 Cr	7.3%
Nippon India Short Term Fund Regular Growth Moderate Risk	0.9%	0.0%	₹5496.93 Cr	6.7%
HDFC Short Term Debt Fund Regular Growth Moderate Risk	0.6%	0.0%	₹12947.96 Cr	7.1%

About the AMC

Mirae Asset India Mutual Fund

022-6780 0300

https://www.miraeassetmf.co.in/

Total AUM

₹1,63,012 Cr

Address

Unit No. 606, 6th Floor, Mumbai, 400 098

Other Funds by Mirae Asset India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹1406.88 Cr	-
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.4%	1.0%	₹3351.36 Cr	37.7%
Mirae Asset Cash Management Direct Growth Low to Moderate Risk	0.1%	0.0%	₹10073.98 Cr	7.4%
Mirae Asset Emerging Bluechip Direct Growth Very High Risk	0.6%	1.0%	₹34974.46 Cr	40.7%
Mirae Asset Large Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹38060.19 Cr	24.0%
Mirae Asset Savings Fund Direct Growth Moderate Risk	0.2%	0.0%	₹594.96 Cr	7.4%
Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹145.28 Cr	7.6%
Mirae Asset Focused Fund Direct Growth Very High Risk	0.6%	1.0%	₹8312.74 Cr	18.4%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹155.33 Cr	6.6%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹1570.17 Cr	82.7%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹8545.85 Cr	25.3%
Mirae Asset Equity Allocator Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹705.09 Cr	34.9%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Very High Risk	0.6%	0.0%	₹111.07 Cr	28.2%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹531.86 Cr	48.5%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹795.72 Cr	6.8%
Mirae Asset Ultra Short Duration Fund Direct Growth Moderate Risk	0.2%	0.0%	₹1463.94 Cr	7.6%
Mirae Asset Flexi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹1815.41 Cr	33.8%
Mirae Asset Banking and Financial Services Fund Direct Growth Very High Risk	0.6%	1.0%	₹1702.61 Cr	24.3%
Mirae Asset Multicap Fund Direct Growth Very High Risk	0.4%	1.0%	₹2683.33 Cr	-
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹78.52 Cr	60.1%
Mirae Asset Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹22471.76 Cr	36.2%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹83.22 Cr	6.8%
Mirae Asset Corporate Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹49.85 Cr	6.6%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Very High Risk	0.8%	0.0%	₹72.50 Cr	7.2%
Mirae Asset Equity Savings Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1019.74 Cr	17.7%
Mirae Asset Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹59.30 Cr	6.7%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Very High Risk	0.9%	1.0%	₹316.95 Cr	44.0%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Very High Risk	2.0%	1.0%	₹95.84 Cr	2.2%
Mirae Asset Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹865.39 Cr	6.8%
Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹346.19 Cr	7.0%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹225.99 Cr	6.2%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹103.31 Cr	6.9%
Mirae Asset Healthcare Fund Direct Growth Very High Risk	0.5%	1.0%	₹2236.01 Cr	52.1%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹1870.00 Cr	8.5%
Mirae Asset Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹15139.44 Cr	53.0%
Mirae Asset Balanced Advantage Fund Direct Growth High Risk	0.7%	1.0%	₹1570.06 Cr	22.3%

Risk Level

Your principal amount will be at Low to Moderate Risk

Still got questions?
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 17-May-2024, is ₹15.10.

What are the returns of Mirae Asset Short Term Fund Direct Growth?

The fund has generated 7.01% over the last 1 year and 5.59% 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, 81.43% in bonds, and 18.26% 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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Mirae Asset Short Term Fund Direct Growth

Fund Overview