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3 star

Mirae Asset Short Term Fund - Regular Plan download report


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 Lakh

Suitability:

"Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Mirae Asset Short Term Fund Reg-G 1.34 0.05 0.06 0.61 1.33 1.01 2.45 5.17 -- -- --
CCIL T Bill Liquidity Weight 1.21 0.02 0.05 0.25 0.70 0.99 2.00 2.58 -- -- --
Debt: Short Duration 1.86 0.06 0.05 0.63 1.31 1.45 3.86 5.60 -- -- --
Rank within category 12 20 7 13 11 8 15 18 -- -- --
Number of funds in category 26 26 26 26 26 26 26 24 21 21 20

As on 11-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mirae Asset Short Term Fund - Regular Plan  | Invest Online
3 star
Mar-18 2.45 5.17 -- 1.14 432
ICICI Prudential Short Term Fund  | Invest Now
4 star
Oct-01 3.66 6.53 6.53 1.12 15,543
HDFC Short Term Debt Fund  | Invest Online
4 star
Jun-10 2.97 6.49 6.89 0.74 13,533
Nippon India Short Term Fund  | Invest Online
4 star
Dec-02 2.82 6.05 6.16 1.15 6,681
Axis Short Term Fund
4 star
Jan-10 3.11 6.11 6.51 0.96 6,499

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.46 24-Mar-2020 - 31-Mar-2020 -1.71 12-Mar-2020 - 19-Mar-2020
Month 3.35 24-Mar-2020 - 23-Apr-2020 -1.75 20-Feb-2020 - 23-Mar-2020
Quarter 5.23 23-Mar-2020 - 22-Jun-2020 -0.51 17-Mar-2022 - 16-Jun-2022
Year 10.44 01-Nov-2018 - 01-Nov-2019 1.69 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Mirae Asset Short Term Fund Reg-G 5.07 1.50 1.06 1.76 2.29 3.63
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Short Duration 5.59 2.81 0.96 1.95 1.26 3.23
Rank within category 19 1 13 16 15 15
Number of funds in category 24 24 24 24 24 24

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 37 53 36 48
Modified Duration (yrs) 1.37 1.64 1.07 1.48
Average Maturity (yrs) 1.62 1.87 1.26 1.89
Yield to Maturity (%) 6.63 6.63 4.47 6.76
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 5.74% GOI 15/11/2026 GOI Securities SOV 0.00 - 8.43 8.19
new 7.28% HDFC 2024 Debenture AAA 0.00 - 5.81 5.81
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 3.03 - 4.64 4.64
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 3.17 - 4.62 4.62
equal 6.39% Indian Oil Corporation 2025 Debenture AAA 0.00 - 4.00 4.00
equal Shriram Transport Finance Company 28/04/2023 Debenture AA+ 0.00 - 3.51 3.51
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 2.27 - 3.48 3.48
equal 6.99% Housing & Urban Development Corporation 2022 Debenture AAA 2.27 - 3.48 3.48
equal Hindustan Petroleum Corporation 14/08/2024 Debenture AAA 2.31 - 3.48 3.48
new 7.15% SIDBI 21/07/2025 Debenture AAA 0.00 - 3.48 3.48
equal AU Small Finance Bank 2022 Certificate of Deposit A1+ 0.00 - 3.46 3.46
equal 6.26% Cholamandalam Investment & Finance Company 18/04/2023 Deep Discount Bonds AA+ 0.00 - 3.45 3.45
equal 5.20% Export-Import Bank 2025 Debenture AAA 0.00 - 2.83 2.83
equal 8.45% L&T Finance 23/12/2022 Debenture AAA 1.53 - 2.33 2.33
equal 7.35% Bajaj Finance 2022 Non Convertible Debenture AAA 1.51 - 2.32 2.32
equal 7.45% Mahindra Rural Housing Finance 14/07/2023 Debenture AA+ 0.00 - 2.31 2.31
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 1.49 - 2.29 2.29
equal 5.75% Bajaj Finance 16/02/2024 Debenture AAA 0.00 - 2.27 2.27
equal 4.64% Oil & Natural Gas Corporation 21/11/2023 Debenture AAA 1.96 - 2.72 2.26
new 6.25% Embassy Office Parks REIT 18/10/2024 Debenture AAA 0.00 - 2.26 2.26
equal 6.40% Jamnagar Utilities and Power 29/09/2026 Non Convertible Debenture AAA 0.00 - 2.21 2.21
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 2.56 1.74
new 6.54% GOI 17/01/2032 GOI Securities SOV 0.00 - 1.98 1.70
equal 8.64% Power Grid Corporation 2025 Bonds AAA 0.81 - 1.21 1.21
equal 8.02% Bharat Petroleum Corporation 2024 Debenture AAA 0.78 - 1.18 1.18

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jul-2022

Fund Manager

— Mahendra Kumar Jajoo since 23-Feb-2018

Education: Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.

Experience: Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.

Funds Managed:

— Amit Modani since 06-Jul-2021

Education: Mr. Modani is Chartered Accountant

Experience: Prior to joining BOI AXA Mutual Fund, he has worked with Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.


0.05%

Change from previous, NAV as on 11-Aug-2022

Growth: ₹ 12.9442

IDCW: ₹ 12.9470


Investment Strategy

The scheme seeks to generate returns through an actively managed diversified portfolio of debt and money market instruments with Macaulay duration of the portfolio between 1 year to 3 years.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 5
Min. Withdrawal (₹) --
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 16-Mar-2018
Return Since Launch: 6.03%
Benchmark: CRISIL Short Duration Fund BII Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 432 Cr (As on 31-Jul-2022)
Expense Ratio: 1.14% (As on 30-Jun-2022)
Risk Grade: Average
Return Grade: Below Average

Contact Information

AMC: Mirae Asset Investment Managers (India) Pvt. Ltd.

Address: Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai - 400098

Phone: 022-67800301 / 1800-2090-777

Website: http://www.miraeassetmf.co.in

Registrar & Transfer Agent: KFin Technologies Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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