1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
"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
Dividends
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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
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 | Mar-18 | 2.45 | 5.17 | -- | 1.14 | 432 | |
ICICI Prudential Short Term Fund | Invest Now | Oct-01 | 3.66 | 6.53 | 6.53 | 1.12 | 15,543 | |
HDFC Short Term Debt Fund | Invest Online | Jun-10 | 2.97 | 6.49 | 6.89 | 0.74 | 13,533 | |
Nippon India Short Term Fund | Invest Online | Dec-02 | 2.82 | 6.05 | 6.16 | 1.15 | 6,681 | |
Axis Short Term Fund | Jan-10 | 3.11 | 6.11 | 6.51 | 0.96 | 6,499 |
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 |
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
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 | -- | -- | -- |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
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5.74% GOI 15/11/2026 | GOI Securities | SOV | 0.00 - 8.43 | 8.19 |
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7.28% HDFC 2024 | Debenture | AAA | 0.00 - 5.81 | 5.81 |
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6.80% Hindustan Petroleum Corporation 15/12/2022 | Debenture | AAA | 3.03 - 4.64 | 4.64 |
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6.40% National Bank Agr. Rur. Devp 31/07/2023 | Non Convertible Debenture | AAA | 3.17 - 4.62 | 4.62 |
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6.39% Indian Oil Corporation 2025 | Debenture | AAA | 0.00 - 4.00 | 4.00 |
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Shriram Transport Finance Company 28/04/2023 | Debenture | AA+ | 0.00 - 3.51 | 3.51 |
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7.17% Reliance Industries 2022 | Non Convertible Debenture | AAA | 2.27 - 3.48 | 3.48 |
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6.99% Housing & Urban Development Corporation 2022 | Debenture | AAA | 2.27 - 3.48 | 3.48 |
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Hindustan Petroleum Corporation 14/08/2024 | Debenture | AAA | 2.31 - 3.48 | 3.48 |
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7.15% SIDBI 21/07/2025 | Debenture | AAA | 0.00 - 3.48 | 3.48 |
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AU Small Finance Bank 2022 | Certificate of Deposit | A1+ | 0.00 - 3.46 | 3.46 |
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6.26% Cholamandalam Investment & Finance Company 18/04/2023 | Deep Discount Bonds | AA+ | 0.00 - 3.45 | 3.45 |
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5.20% Export-Import Bank 2025 | Debenture | AAA | 0.00 - 2.83 | 2.83 |
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8.45% L&T Finance 23/12/2022 | Debenture | AAA | 1.53 - 2.33 | 2.33 |
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7.35% Bajaj Finance 2022 | Non Convertible Debenture | AAA | 1.51 - 2.32 | 2.32 |
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7.45% Mahindra Rural Housing Finance 14/07/2023 | Debenture | AA+ | 0.00 - 2.31 | 2.31 |
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5.32% National Housing Bank 2023 | Non Convertible Debenture | AAA | 1.49 - 2.29 | 2.29 |
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5.75% Bajaj Finance 16/02/2024 | Debenture | AAA | 0.00 - 2.27 | 2.27 |
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4.64% Oil & Natural Gas Corporation 21/11/2023 | Debenture | AAA | 1.96 - 2.72 | 2.26 |
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6.25% Embassy Office Parks REIT 18/10/2024 | Debenture | AAA | 0.00 - 2.26 | 2.26 |
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6.40% Jamnagar Utilities and Power 29/09/2026 | Non Convertible Debenture | AAA | 0.00 - 2.21 | 2.21 |
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6.84% GOI 19/12/2022 | GOI Securities | SOV | 0.00 - 2.56 | 1.74 |
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6.54% GOI 17/01/2032 | GOI Securities | SOV | 0.00 - 1.98 | 1.70 |
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8.64% Power Grid Corporation 2025 | Bonds | AAA | 0.81 - 1.21 | 1.21 |
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8.02% Bharat Petroleum Corporation 2024 | Debenture | AAA | 0.78 - 1.18 | 1.18 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Jul-2022
— 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.
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.
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 |
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 |
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