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Fund Overview

Fund Size

Fund Size

₹336 Cr

Expense Ratio

Expense Ratio

0.33%

ISIN

ISIN

INF769K01DX6

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

No Charges

Inception Date

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, 1 months and 3 days, having been launched on 16-Mar-18.
As of 18-Apr-24, it has a Net Asset Value (NAV) of ₹15.00, Assets Under Management (AUM) of 335.66 Crores, and an expense ratio of 0.33%.
  • Mirae Asset Short Term Fund Direct Growth has given a CAGR return of 6.88% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 93.70% in debts, and 5.99% 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

+7.16%

+5.48%(Cat. Avg.)

3 Years

+5.61%

+5.08%(Cat. Avg.)

5 Years

+6.73%

+5.58%(Cat. Avg.)

Since Inception

+6.88%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Debt314.5 Cr93.70%
Others21.16 Cr6.30%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
7.18% Govt Stock 2033Bond - Gov't/Treasury27.23 Cr8.11%
7.06% Govt Stock 2028Bond - Gov't/Treasury26 Cr7.75%
Muthoot Finance LimitedBond - Corporate Bond14.96 Cr4.46%
Small Industries Development Bank Of IndiaBond - Corporate Bond14.88 Cr4.43%
Pipeline Infrastructure Ltd. 7.96%Bond - Corporate Bond13.09 Cr3.90%
Bajaj Housing Finance LimitedBond - Corporate Bond13.01 Cr3.87%
Bharti Telecom LimitedBond - Corporate Bond12.46 Cr3.71%
Jamnagar Utilities And Power Private LimitedBond - Corporate Bond10.04 Cr2.99%
Motilal Oswal Finvest LimitedBond - Corporate Bond10.01 Cr2.98%
Power Finance Corporation Ltd.Bond - Corporate Bond10.01 Cr2.98%
Bharti Telecom LimitedBond - Corporate Bond10 Cr2.98%
Rural Electrification Corporation LimitedBond - Corporate Bond9.99 Cr2.98%
Embassy Office Parks ReitBond - Corporate Bond9.98 Cr2.97%
Rural Electrification Corporation LimitedBond - Corporate Bond9.96 Cr2.97%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond9.96 Cr2.97%
IIFL Samasta Finance LimitedCash - Commercial Paper9.95 Cr2.96%
Embassy Office Parks ReitBond - Corporate Bond9.91 Cr2.95%
Power Finance Corporation Ltd.Bond - Corporate Bond8.99 Cr2.68%
Net Receivables / (Payables)Cash8.91 Cr2.65%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond8.03 Cr2.39%
Nexus Select TrustBond - Corporate Bond7.47 Cr2.23%
Small Industries Development Bank Of IndiaBond - Corporate Bond6.52 Cr1.94%
Small Industries Development Bank Of IndiaBond - Corporate Bond6.44 Cr1.92%
Karnataka (Government of) 7.45%Bond - Sub-sovereign Government Debt5.72 Cr1.71%
Rural Electrification Corporation LimitedBond - Corporate Bond5.18 Cr1.54%
Power Finance Corporation LimitedBond - Corporate Bond5.08 Cr1.51%
7.32% Govt Stock 2030Bond - Gov't/Treasury5.07 Cr1.51%
08.10 JH Sdl 2025Bond - Gov't/Treasury5.04 Cr1.50%
7.18% Govt Stock 2037Bond - Gov't/Treasury5.04 Cr1.50%
LIC Housing Finance LtdBond - Corporate Bond4.91 Cr1.46%
Power Grid Corporation Of India LimitedBond - Corporate Bond4.01 Cr1.20%
8.2% Govt Stock 2025Bond - Gov't/Treasury3.57 Cr1.06%
Small Industries Development Bank Of IndiaBond - Corporate Bond3.48 Cr1.04%
LIC Housing Finance Ltd. 7.835%Bond - Corporate Bond3.01 Cr0.90%
Mahanagar Telephone Nigam LimitedBond - Corporate Bond2.87 Cr0.86%
07.75 KA Sdl 2027Bond - Gov't/Treasury2.52 Cr0.75%
Bajaj Housing Finance Ltd. 8.04%Bond - Corporate Bond2.5 Cr0.75%
Indian Railway Finance Corporation LimitedBond - Corporate Bond2.01 Cr0.60%
Bajaj Finance LimitedBond - Corporate Bond2 Cr0.59%
HDFC Bank LimitedBond - Corporate Bond1.5 Cr0.45%
TrepsCash - Repurchase Agreement1.25 Cr0.37%
Class A2 units of Alternative Investment Fund Units #Mutual Fund - Open End1.06 Cr0.32%
08.20 Uk SDL 2028mayBond - Gov't/Treasury1.03 Cr0.31%
7.26% Govt Stock 2033Bond - Gov't/Treasury1.01 Cr0.30%

Allocation By Credit Quality (Debt)

AAA

AA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Bond - Corporate Bond232.26 Cr69.20%
Bond - Gov't/Treasury76.51 Cr22.79%
Cash - Commercial Paper9.95 Cr2.96%
Cash8.91 Cr2.65%
Bond - Sub-sovereign Government Debt5.72 Cr1.71%
Cash - Repurchase Agreement1.25 Cr0.37%
Mutual Fund - Open End1.06 Cr0.32%

Risk & Performance Ratios

Standard Deviation

This fund

1.02%

Cat. avg.

1.90%

Lower the better

Sharpe Ratio

This fund

0.23

Cat. avg.

-0.32

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.29

Higher the better

Fund Managers

BB

Basant Bafna

Since January 2023

Additional Scheme Detailsas of 31st March 2024

ISININF769K01DX6Expense Ratio0.33%Exit LoadNo ChargesFund Size₹336 CrAge16 Mar 2018Lumpsum Minimum₹5,000Fund StatusOpen Ended Investment CompanyBenchmarkCRISIL Short Duration Debt B-II TR INR

Investment ObjectiveInvestment 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 nameExpense RatioExit LoadFund size
1Y
Axis Short Term Fund Regular Growth

Moderate Risk

0.9%0.0%₹7797.42 Cr6.7%
Mirae Asset Short Term Fund Regular Growth

Low to Moderate Risk

1.1%0.0%₹335.66 Cr6.3%
Tata Short Term Bond Fund Regular Growth

Moderate Risk

1.2%0.0%₹2322.90 Cr6.3%
Bandhan Bond Fund - Short Term Plan Regular Growth

Moderate Risk

0.8%0.0%₹8711.61 Cr6.5%
Mirae Asset Short Term Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹335.66 Cr7.2%
ICICI Prudential Short Term Fund Regular Growth

Moderate Risk

1.1%0.0%₹17997.36 Cr7.4%
Mahindra Manulife Short Duration Fund Regular Growth

Moderate Risk

1.3%0.0%₹47.33 Cr6.4%
Mahindra Manulife Short Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹47.33 Cr7.5%
Nippon India Short Term Fund Regular Growth

Moderate Risk

0.9%0.0%₹5523.79 Cr6.9%
HDFC Short Term Debt Fund Regular Growth

Moderate Risk

0.6%0.0%₹12914.99 Cr7.3%

About the AMC

Total AUM

₹1,67,826 Cr

Address

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

Other Funds by Mirae Asset India Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth

Very High Risk

0.4%1.0%₹1325.63 Cr-
Mirae Asset Great Consumer Fund Direct Growth

Very High Risk

0.5%1.0%₹3182.73 Cr39.1%
Mirae Asset Cash Management Direct Growth

Low to Moderate Risk

0.1%0.0%₹6871.66 Cr7.4%
Mirae Asset Emerging Bluechip Direct Growth

Very High Risk

0.7%1.0%₹33618.78 Cr39.6%
Mirae Asset Large Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹37884.61 Cr24.5%
Mirae Asset Savings Fund Direct Growth

Moderate Risk

0.2%0.0%₹493.94 Cr7.5%
Mirae Asset Money Market Fund Direct Growth

Moderate Risk

0.2%0.0%₹106.37 Cr7.6%
Mirae Asset Focused Fund Direct Growth

Very High Risk

0.6%1.0%₹8425.01 Cr23.1%
Mirae Asset Dynamic Bond Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹157.90 Cr6.7%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹1441.40 Cr95.4%
Mirae Asset Hybrid Equity Fund Direct Growth

Very High Risk

0.4%1.0%₹8400.93 Cr26.2%
Mirae Asset Equity Allocator Fund of Fund Direct Growth

Very High Risk

0.0%0.0%₹678.48 Cr34.9%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

Very High Risk

0.6%0.0%₹111.71 Cr28.8%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹506.21 Cr55.1%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹792.36 Cr7.0%
Mirae Asset Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹1003.21 Cr7.6%
Mirae Asset Flexi Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹1699.82 Cr33.7%
Mirae Asset Banking and Financial Services Fund Direct Growth

Very High Risk

0.7%1.0%₹1593.76 Cr25.5%
Mirae Asset Multicap Fund Direct Growth

Very High Risk

0.5%1.0%₹2488.33 Cr-
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

Very High Risk

0.6%0.0%₹72.78 Cr51.4%
Mirae Asset Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹21475.97 Cr36.7%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹83.06 Cr7.3%
Mirae Asset Corporate Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹51.08 Cr6.9%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹69.33 Cr-15.7%
Mirae Asset Equity Savings Fund Direct Growth

Moderately High risk

0.3%1.0%₹930.11 Cr18.4%
Mirae Asset Banking and PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹60.35 Cr6.9%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth

Very High Risk

1.0%1.0%₹346.82 Cr38.1%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth

Very High Risk

0.7%1.0%₹95.84 Cr-4.0%
Mirae Asset Overnight Fund Direct Growth

Low Risk

0.0%0.0%₹593.94 Cr6.8%
Mirae Asset Short Term Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹335.66 Cr7.2%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth

Moderate Risk

0.2%0.0%₹225.61 Cr7.2%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹103.03 Cr7.0%
Mirae Asset Healthcare Fund Direct Growth

Very High Risk

0.5%1.0%₹2235.15 Cr47.7%
Mirae Asset Arbitrage Fund Direct Growth

Low Risk

0.1%0.0%₹1451.16 Cr8.6%
Mirae Asset Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹14251.70 Cr49.5%
Mirae Asset Balanced Advantage Fund Direct Growth

Very High Risk

0.7%1.0%₹1534.21 Cr22.9%

Risk Level

Your principal amount will be at Low to Moderate Risk

Low to Moderate Risk
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The NAV of Mirae Asset Short Term Fund Direct Growth, as of 18-Apr-2024, is ₹15.00.
The fund has generated 7.16% over the last 1 year and 5.61% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 0.00% in equities, 93.70% in bonds, and 5.99% in cash and cash equivalents.
The fund managers responsible for Mirae Asset Short Term Fund Direct Growth are:-
  1. Basant Bafna