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Fund name
|
Rating |
Our Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|---|---|---|---|---|---|---|
|
Mirae Asset Low Duration Fund - Direct Plan
|
Low to Moderate
|
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0.17 |
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|
Low to Moderate
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0.42 |
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|
Low to Moderate
|
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0.30 |
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|
Low to Moderate
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0.24 |
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|
Low to Moderate
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0.25 |
₹2,720 Cr
--
5,000
1,000
99
5
About Mirae Asset Low Duration Fund - Direct Plan
Mirae Asset Low Duration Fund - Direct Plan is a debt mutual fund scheme of Mirae Asset Mutual Fund. Launched on January 01, 2013, it is currently managed by Basant Bafna. The fund has an expense ratio of 0.17% with an overall AUM (Assets Under Management) of ₹2,720 Cr.
Mirae Asset Low Duration Fund - Direct Plan is mandated to invest in bonds such that the duration of the portfolio is between six to twelve months, and therefore it is suitable to invest in for a similar time frame. The fund allows minimum lumpsum investment of ₹1,000 and minimum SIP of ₹99.
Investment Strategy
The scheme aims to enhance income consistent with a high level of liquidity, through a judicious portfolio mix of money market and debt instruments.
Suitability
Low Duration funds are avoidable for most investors in our opinion, because:
Capital Gains Taxation
Disclaimer: The tax information has been prepared on a best-effort basis using information available in the public domain and other sources that Value Research considers reliable. This is not meant as tax advice, and we advise you to consult your tax advisor before making any decision. Value Research takes no responsibility and assumes no liability for any loss or damage arising from any investment or redemption decision based on this information.
Dividend Taxation
Subscribers of Value Research Fund Advisor can conveniently invest in the low-cost direct plan of Mirae Asset Low Duration Fund - Direct Plan through the Value Research Fund Advisor website.
Alternatively, mutual funds can also be purchased directly from the respective fund house’s website. For example, Mirae Asset Low Duration Fund - Direct Plan can be bought from the Mirae Asset Mutual Fund website. In such a case, if you are investing in multiple funds from different fund houses, you will need to transact separately on each fund house’s website.
The third option is to invest offline, by seeking assistance from a mutual fund distributor. Most banks also act as mutual fund distributors, and you can approach your bank for help in completing your investment.
The latest declared NAV of Mirae Asset Low Duration Fund - Direct Plan, is ₹2,568.2968 as of 19-Mar-2026.
| Company | Percentage of Portfolio |
|---|---|
|
Export-Import Bank Of India CD 01/03/2027 |
4.30
|
|
Reserve Bank of India T-Bills 364-D 26/03/2026 |
3.67
|
|
Reserve Bank of India T-Bills 182-D 26/03/2026 |
3.67
|
|
Knowledge Realty Trust NCD 7.5378 08/05/2029 |
2.88
|
|
National Bank For Agriculture & Rural Development SR 24E Debenture 7.80 15/03/2027 |
2.59
|
Over the past five years, Mirae Asset Low Duration Fund - Direct Plan has delivered an annualised return of 6.38% as of 19-Mar-2026.
The minimum investment required to start investing in Mirae Asset Low Duration Fund - Direct Plan is ₹5,000 for the lump sum option and ₹99 for the SIP (Systematic Investment Plan) option.