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Fund Overview

Fund Size

Fund Size

₹337 Cr

Expense Ratio

Expense Ratio

0.29%

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, 4 months and 4 days, having been launched on 16-Mar-18.
As of 19-Jul-24, it has a Net Asset Value (NAV) of ₹15.34, Assets Under Management (AUM) of 336.75 Crores, and an expense ratio of 0.29%.
  • Mirae Asset Short Term Fund Direct Growth has given a CAGR return of 6.98% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 90.98% in debts, and 8.71% 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

+7.52%

+5.79% (Cat Avg.)

3 Years

+5.85%

+5.30% (Cat Avg.)

5 Years

+6.53%

+5.80% (Cat Avg.)

Since Inception

+6.98%

(Cat Avg.)

Portfolio Summaryas of 30th June 2024

Debt306.36 Cr90.98%
Others30.39 Cr9.02%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
7.32% Govt Stock 2030Bond - Gov't/Treasury39.04 Cr11.59%
7.1% Govt Stock 2034Bond - Gov't/Treasury29.18 Cr8.67%
7.37% Govt Stock 2028Bond - Gov't/Treasury15.2 Cr4.51%
Bharti Telecom LimitedBond - Corporate Bond12.51 Cr3.72%
Small Industries Development Bank Of IndiaBond - Corporate Bond11.52 Cr3.42%
Bharti Telecom LimitedBond - Corporate Bond10.02 Cr2.98%
National Housing BankBond - Corporate Bond10 Cr2.97%
Embassy Office Parks ReitBond - Corporate Bond9.98 Cr2.96%
Embassy Office Parks ReitBond - Corporate Bond9.96 Cr2.96%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond9.95 Cr2.96%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond9.94 Cr2.95%
Small Industries Development Bank Of IndiaBond - Corporate Bond9.93 Cr2.95%
Power Finance Corporation Ltd.Bond - Corporate Bond8.98 Cr2.67%
Mindspace Business Parks ReitBond - Corporate Bond8.55 Cr2.54%
Bajaj Housing Finance LimitedBond - Corporate Bond8.02 Cr2.38%
Nexus Select TrustBond - Corporate Bond7.5 Cr2.23%
Net Receivables / (Payables)Cash6.93 Cr2.06%
Small Industries Development Bank Of IndiaBond - Corporate Bond6.45 Cr1.91%
Hero Fincorp LimitedBond - Corporate Bond6.03 Cr1.79%
08.10 JH Sdl 2025Bond - Gov't/Treasury5.03 Cr1.49%
Motilal Oswal Finvest LimitedBond - Corporate Bond5.03 Cr1.49%
7.06% Govt Stock 2028Bond - Gov't/Treasury5.01 Cr1.49%
Godrej Industries 8.42%Bond - Corporate Bond5 Cr1.49%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond4.99 Cr1.48%
Muthoot Finance LimitedBond - Corporate Bond4.99 Cr1.48%
Rural Electrification Corporation LimitedBond - Corporate Bond4.98 Cr1.48%
Indostar Capital Finance LimitedCash - Commercial Paper4.96 Cr1.47%
Indian Railway Finance Corporation LimitedBond - Corporate Bond4.96 Cr1.47%
Muthoot Finance LimitedBond - Corporate Bond4.93 Cr1.46%
Angel One LimitedCash - Commercial Paper4.81 Cr1.43%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit4.8 Cr1.43%
Motilal Oswal Financial Services LtdCash - Commercial Paper4.71 Cr1.40%
7.18% Govt Stock 2033Bond - Gov't/Treasury4.03 Cr1.20%
Power Grid Corporation Of India LimitedBond - Corporate Bond4 Cr1.19%
LIC Housing Finance Ltd. 7.9265%Bond - Corporate Bond4 Cr1.19%
8.2% Govt Stock 2025Bond - Gov't/Treasury3.57 Cr1.06%
TrepsCash - Repurchase Agreement3.11 Cr0.92%
Export-Import Bank of India 7.4%Bond - Gov't Agency Debt2.99 Cr0.89%
LIC Housing Finance Ltd. 7.835%Bond - Corporate Bond2.99 Cr0.89%
Rec LimitedBond - Corporate Bond2.99 Cr0.89%
Mahanagar Telephone Nigam LimitedBond - Corporate Bond2.88 Cr0.86%
07.75 KA Sdl 2027Bond - Gov't/Treasury2.53 Cr0.75%
Bajaj Housing Finance Ltd. 8.04%Bond - Corporate Bond2.5 Cr0.74%
Bajaj Finance LimitedBond - Corporate Bond1.99 Cr0.59%
Karnataka (Government of) 7.45%Bond - Sub-sovereign Government Debt1.7 Cr0.50%
HDFC Bank LimitedBond - Corporate Bond1.5 Cr0.44%
Class A2 units of Alternative Investment Fund Units #Mutual Fund - Open End1.07 Cr0.32%
08.20 Uk SDL 2028mayBond - Gov't/Treasury1.03 Cr0.31%

Allocation By Credit Quality (Debt)

AAA

AA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Bond - Corporate Bond197.06 Cr58.52%
Bond - Gov't/Treasury104.62 Cr31.07%
Cash - Commercial Paper14.48 Cr4.30%
Cash6.93 Cr2.06%
Cash - CD/Time Deposit4.8 Cr1.43%
Cash - Repurchase Agreement3.11 Cr0.92%
Bond - Gov't Agency Debt2.99 Cr0.89%
Bond - Sub-sovereign Government Debt1.7 Cr0.50%
Mutual Fund - Open End1.07 Cr0.32%

Risk & Performance Ratios

Standard Deviation

This fund

1.02%

Cat. avg.

1.95%

Lower the better

Sharpe Ratio

This fund

0.12

Cat. avg.

-0.55

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 30th June 2024

ISIN
INF769K01DX6
Expense Ratio
0.29%
Exit Load
No Charges
Fund Size
₹337 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 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%₹7698.10 Cr7.0%
Mirae Asset Short Term Fund Regular Growth

Low to Moderate Risk

1.1%0.0%₹336.75 Cr6.6%
Tata Short Term Bond Fund Regular Growth

Moderate Risk

1.2%0.0%₹2225.04 Cr6.6%
Bandhan Bond Fund - Short Term Plan Regular Growth

Moderate Risk

0.8%0.0%₹8618.01 Cr7.1%
Mirae Asset Short Term Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹336.75 Cr7.5%
ICICI Prudential Short Term Fund Regular Growth

Moderate Risk

1.1%0.0%₹18395.79 Cr7.4%
Mahindra Manulife Short Duration Fund Regular Growth

Moderate Risk

1.3%0.0%₹50.31 Cr6.9%
Mahindra Manulife Short Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹50.31 Cr7.9%
Nippon India Short Term Fund Regular Growth

Moderate Risk

0.9%0.0%₹5433.56 Cr7.1%
HDFC Short Term Debt Fund Regular Growth

Moderate Risk

0.7%0.0%₹13080.16 Cr7.5%

About the AMC

Total AUM

₹1,73,546 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

High Risk

0.4%1.0%₹1524.79 Cr-
Mirae Asset Great Consumer Fund Direct Growth

Very High Risk

0.4%1.0%₹3751.14 Cr35.4%
Mirae Asset Cash Management Direct Growth

Low to Moderate Risk

0.1%0.0%₹10728.82 Cr7.4%
Mirae Asset Emerging Bluechip Direct Growth

Very High Risk

0.6%1.0%₹37846.07 Cr38.7%
Mirae Asset Large Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹39951.46 Cr26.3%
Mirae Asset Savings Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹616.30 Cr7.6%
Mirae Asset Money Market Fund Direct Growth

Moderate Risk

0.2%0.0%₹142.19 Cr7.6%
Mirae Asset Focused Fund Direct Growth

Very High Risk

0.6%1.0%₹8255.25 Cr20.0%
Mirae Asset Dynamic Bond Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹149.37 Cr7.2%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth

Very High Risk

0.1%0.0%₹1510.97 Cr51.5%
Mirae Asset Hybrid Equity Fund Direct Growth

Very High Risk

0.4%1.0%₹8962.66 Cr26.3%
Mirae Asset Equity Allocator Fund of Fund Direct Growth

Very High Risk

0.0%0.0%₹837.40 Cr33.9%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

Very High Risk

0.1%0.0%₹110.62 Cr29.4%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth

Very High Risk

0.1%0.0%₹539.13 Cr36.0%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹797.55 Cr7.5%
Mirae Asset Ultra Short Duration Fund Direct Growth

Moderate Risk

0.2%0.0%₹1427.89 Cr7.7%
Mirae Asset Flexi Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹2072.15 Cr30.8%
Mirae Asset Banking and Financial Services Fund Direct Growth

Very High Risk

0.6%1.0%₹1822.75 Cr26.1%
Mirae Asset Multicap Fund Direct Growth

Very High Risk

0.4%1.0%₹3120.86 Cr-
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

Very High Risk

0.1%0.0%₹103.28 Cr52.6%
Mirae Asset Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹24345.83 Cr35.8%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹77.19 Cr7.5%
Mirae Asset Corporate Bond Fund Direct Growth

Moderate Risk

0.2%0.0%₹44.21 Cr7.2%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

Very High Risk

0.1%0.0%₹72.44 Cr-5.7%
Mirae Asset Equity Savings Fund Direct Growth

Moderately High risk

0.3%1.0%₹1126.87 Cr17.7%
Mirae Asset Banking and PSU Debt Fund Direct Growth

Moderate Risk

0.4%0.0%₹58.89 Cr7.3%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth

Very High Risk

0.3%1.0%₹333.10 Cr22.6%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth

Very High Risk

0.2%1.0%₹72.13 Cr-12.7%
Mirae Asset Overnight Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹581.62 Cr6.9%
Mirae Asset Short Term Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹336.75 Cr7.5%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹231.20 Cr7.6%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹88.92 Cr7.2%
Mirae Asset Healthcare Fund Direct Growth

Very High Risk

0.5%1.0%₹2312.48 Cr44.2%
Mirae Asset Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹2114.07 Cr8.8%
Mirae Asset Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹16667.30 Cr45.3%
Mirae Asset Balanced Advantage Fund Direct Growth

High Risk

0.7%1.0%₹1655.04 Cr21.6%

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 19-Jul-2024, is ₹15.34.
The fund has generated 7.52% over the last 1 year and 5.85% 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, 90.98% in bonds, and 8.71% in cash and cash equivalents.
The fund managers responsible for Mirae Asset Short Term Fund Direct Growth are:-
  1. Basant Bafna