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Mirae Asset Short Term Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Short Duration debt funds are suitable to invest your money for a duration of 1 year to 3 years. You can expect to earn higher returns than what a bank fixed deposit of a similar duration can fetch.

The risk of incurring a loss in these funds over the said time frame 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, these are suitable only to invest for a short time frame of up to 3 years. Do not invest in this, or any other Short Duration fund, if your aim is 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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
Fund 4.33 -0.01 0.02 1.29 2.32 4.63 9.34 -- -- -- --
CCIL T Bill Liquidity Weight 1.80 0.04 0.01 0.27 1.09 1.99 4.11 -- -- -- --
Debt: Short Duration 3.39 -0.03 0.01 1.11 1.25 3.68 7.41 -- -- -- --
Rank within category 15 19 18 21 11 16 14 -- -- -- --
Number of funds in category 28 28 28 28 28 28 28 25 25 24 20

As on 05-Jun-2020

Best & Worst Performance

Best (Period) Worst (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 3.47 (09-May-2019 - 08-Aug-2019) -0.18 (23-Dec-2019 - 23-Mar-2020)
Year 10.44 (01-Nov-2018 - 01-Nov-2019) 6.21 (09-Apr-2018 - 09-Apr-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.15 0.27 -4.64 -8.65 -- --
Debt: Short Duration* 5.60 3.35 0.56 1.23 2.07 2.78
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-May-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 36 36 12 49
Modified Duration (yrs) 2.33 2.67 1.31 --
Average Maturity (yrs) 2.86 3.33 1.62 --
Yield to Maturity (%) 6.26 7.57 6.10 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.27% GOI 2026 GOI Securities SOV 0.00 - 15.11 9.97
down 6.45% GOI 2029 GOI Securities SOV 0.00 - 10.99 7.44
equal Bank of India 15/06/2020 Certificate of Deposit A1+ 0.00 - 6.16 6.16
equal 8.80% Power Grid Corporation 13/03/2023 Bonds AAA 0.00 - 3.93 3.32
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 2.28 - 6.96 3.27
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 3.73 3.18
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 7.76 3.16
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.00 - 5.65 3.15
equal 8.30% Reliance Industries 2022 Debenture AAA 2.24 - 6.86 3.15
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 4.38 3.15
equal 7.35% Bajaj Finance 2022 Non Convertible Debenture AAA 0.00 - 4.33 3.08
equal 8.45% L&T Finance 23/12/2022 Debenture AAA 0.00 - 3.71 3.05
equal 8.75% Vedanta 30/06/2022 Non Convertible Debenture AA 0.00 - 3.41 2.93
equal 7.43% HDB Financial Services 28/09/2020 Debenture AAA 2.10 - 9.40 2.17
equal 8.70% Reliance Industries 18/07/2021 Debenture AAA 2.08 - 9.30 2.14
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 3.31 1.60
equal 8.02% BPCL 2024 Debenture AAA 0.00 - 2.26 1.60
equal 8.33% NTPC 24/02/2021 Bonds/NCDs AAA 1.52 - 6.88 1.58
equal 8.05% HDFC 20/06/2022 Debenture AAA 0.00 - 6.23 1.57
equal 7.55% REC 26/09/2021 Debenture AAA 0.00 - 3.26 1.56
equal 7.55% REC 26/09/2023 Debenture AAA 0.00 - 1.56 1.56
down 8.50% LIC Housing Fin. 2021 Debenture AAA 1.56 - 8.18 1.56
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 2.77 1.55
equal 7.90% Aditya Birla Finance 30/06/2020 Debenture AAA 0.00 - 2.74 1.55
equal 7.28% HDFC 26/09/2022 Debenture AAA 0.00 - 2.75 1.54

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 30-Apr-2020

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:


-0.01%

Change from previous, NAV as on 05-Jun-2020

Growth: ₹ 11.9048

Dividend: ₹ 11.9076


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

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 16-Mar-2018
Return Since Launch: 8.15%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 323 Cr (As on 30-Apr-2020)
Expense: 1.15% (As on 30-Apr-2020)
Risk Grade: Low
Return Grade: 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

Email: [email protected]

Website: www.miraeassetmf.co.in

Registrar & Transfer Agent: KFin Technologies Pvt 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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dateFriday, 12-Jun-2020
time12:30 PM - 01:00 PM