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3 star

Mirae Asset Short Term Fund - Regular Plan


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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
Fund 6.44 0.05 0.07 0.20 3.07 4.89 9.15 -- -- -- --
CCIL T Bill Liquidity Weight 2.24 0.03 0.04 0.17 0.63 1.78 3.66 -- -- -- --
Debt: Short Duration 6.47 0.06 0.03 0.19 4.06 4.76 8.47 -- -- -- --
Rank within category 21 19 7 11 22 20 19 -- -- -- --
Number of funds in category 27 27 27 27 27 27 27 24 24 23 21

As on 13-Aug-2020

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 9.15 -- -- 1.09 497
ICICI Prudential Short Term Fund  | Invest Now
4 star
Oct-01 10.97 7.95 8.61 1.15 17,466
SBI Short Term Debt Fund
4 star
Jul-07 10.25 7.91 8.24 0.84 15,937
Kotak Bond - Short Term Regular Fund  | Invest Online
4 star
May-02 10.24 8.01 8.18 1.14 14,193
IDFC Bond Fund Short Term Plan - Regular Plan
4 star
Dec-00 10.45 8.25 8.22 0.80 12,857

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 5.23 (23-Mar-2020 - 22-Jun-2020) -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* 4.03 0.29 -4.08 -7.51 -- --
Debt: Short Duration* 6.14 3.46 0.78 1.62 0.40 1.39
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-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 44 44 15 59
Modified Duration (yrs) -- 2.67 1.31 2.33
Average Maturity (yrs) 2.73 3.38 1.62 2.87
Yield to Maturity (%) -- 6.62 5.24 5.68

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 15.11 4.39
up 5.79% GOI 2030 GOI Securities SOV 0.00 - 4.01 4.01
new 7.70% Larsen & Toubro 28/04/2025 Debenture AAA 0.00 - 3.27 3.27
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 4.08 3.24
down 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 8.89 3.03
equal 8.80% Power Grid Corporation 13/03/2023 Bonds AAA 0.00 - 3.93 2.20
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 2.18 - 4.02 2.18
equal 8.30% Reliance Industries 2022 Debenture AAA 2.13 - 3.96 2.13
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.00 - 5.65 2.13
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 4.38 2.11
new 6.18% GOI 2024 GOI Securities SOV 0.00 - 2.11 2.11
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 2.10 - 7.76 2.10
equal 7.35% Bajaj Finance 2022 Non Convertible Debenture AAA 0.00 - 4.33 2.10
new 6.39% Indian Oil Corp. 2025 Debenture AAA 0.00 - 2.09 2.09
equal 6.75% Power Finance Corp. 22/05/2023 Debenture AAA 0.00 - 2.97 2.09
equal 8.45% L&T Finance 23/12/2022 Debenture AAA 0.00 - 3.71 2.08
equal 5.62% Export-Import Bank 20/06/2025 Debenture AAA 0.00 - 2.55 2.03
equal 8.75% Vedanta 30/06/2022 Non Convertible Debenture AA 0.00 - 3.41 1.84
equal 8.70% Reliance Industries 18/07/2021 Debenture AAA 1.42 - 5.35 1.42
equal 7.43% HDB Financial Services 28/09/2020 Debenture AAA 1.42 - 5.42 1.42
new 8.64% Power Grid Corporation 2025 Bonds AAA 0.00 - 1.14 1.14
equal 9.05% HDFC 20/11/2023 Debenture AAA 0.00 - 1.58 1.11
equal 8.02% BPCL 2024 Debenture AAA 0.00 - 2.26 1.09
equal 7.55% REC 26/09/2023 Debenture AAA 0.00 - 1.56 1.07
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 3.31 1.06

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-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:


0.05%

Change from previous, NAV as on 13-Aug-2020

Growth: ₹ 12.1463

Dividend: ₹ 12.1492


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: 8.39%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 497 Cr (As on 31-Jul-2020)
Expense: 1.09% (As on 30-Jun-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: http://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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