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Mirae Asset Short Term Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : Short Duration Fund
  • NAV
    : ₹ 12.87 0.02%
    (as on 18th June, 2021)
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Crisil Rank
Below average performance among peers
Risk-O-Meter
Moderate

Fund has 94.3% investment in Debt of which 25.04% in Government securities, 69.24% in funds invested in very low risk securities..

Suitable For : Investors who want to invest for 1-3 years and are looking for alternative to bank deposits.

Crisil Rank Change : Fund Crisil rank was updated from 3 to 2 in the previous quarter.

This Scheme
VS
  • CRISIL 10 Year Gilt Index
  • NA
  • NA
  • Gold
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Returns (NAV as on 18th June, 2021)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 11-Jun-21 9981.30 -0.19% - -0.15% 22/27
1 Month 18-May-21 10027.00 0.27% - 0.38% 23/27
3 Month 18-Mar-21 10198.70 1.99% - 2.11% 17/27
6 Month 18-Dec-20 10184.90 1.85% - 2.11% 14/26
YTD 01-Jan-21 10164.30 1.64% - 1.87% 13/26
1 Year 18-Jun-20 10574.30 5.74% 5.74% 7.05% 21/26
2 Year 18-Jun-19 11665.70 16.66% 8.00% 7.53% 17/26
3 Year 18-Jun-18 12795.30 27.95% 8.56% 7.06% 12/25
Since Inception 16-Mar-18 12870.00 28.70% 8.05% 8.11% 17/26

SIP Returns (NAV as on 18th June, 2021)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 18-Jun-20 12000 12324.68 2.71 % 5.05 %
2 Year 18-Jun-19 24000 25745.73 7.27 % 6.9 %
3 Year 18-Jun-18 36000 40530.09 12.58 % 7.84 %
 

Tax Treatment

Portfolio (Updated on 31st May,2021)

No of Debt Holding 65 (Category Avg - 71.07) | Modified Duration 1.75 Years (Category Avg - 1.92)| Yield to Maturity 4.59% (Category Avg - 4.96%)

Type of Holdings

Security Type
% Weight
Category Average
GOI 25.04% 24.00%
CD 0.00% 2.37%
T-Bills 0.00% 3.14%
CP 5.10% 1.62%
NCD & Bonds 64.14% 55.13%
PTC 0.00% 0.39%

Investment / Portfolio Grades

Security Type
% Weight
Category Average
Government Backed 25.04% 27.14%
Low Risk 69.24% 57.77%
Moderate Risk 0.00% 0.00%
High Risk 0.00% 0.00%
Very High Risk 0.00% 0.00%
Others 0.00% 0.00%
Name Type of Instrument Weight (%)
TREPS TREPS 3.45%
Net Receivables Net Receivables 2.25%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st May, 2021)

  • Standard Deviation

    Low volatility
    1.84vs4.5
    Category Avg
  • Beta

    High volatility
    0.98vs0.77
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    2.23vs1.33
    Category Avg
  • Treynor's Ratio

    Poor risk adjusted returns
    0.04vs0.37
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    -0.99vs-1.91
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
HSBC Short Duration Fund - Direct Plan - Growth 3 189.16 0.35 2.19 2.00 14.73 4.39
Principal Short Term Debt Fund - Direct Plan - Growth 5 139.75 0.23 2.19 1.40 12.44 4.98
Franklin India Short Term Income Plan - Direct - Growth 1 4298.94 0.82 4.22 8.00 9.33 4.42
Aditya Birla Sun Life Short Term Fund - Direct Plan - Growth 4 7061.80 0.44 2.32 2.21 9.14 9.41
ICICI Prudential Short Term Fund - Direct Fund - Growth 4 20015.32 0.41 2.23 2.34 7.85 9.52
Nippon India Short Term Fund - Direct Plan - Growth 4 9012.05 0.51 2.65 2.75 7.75 9.15
HDFC Short Term Debt Fund - Direct Plan - Growth 2 18117.34 0.43 2.29 2.11 7.67 9.20
IDBI Short Term Bond Fund - Direct Plan - Growth 2 25.17 0.27 2.26 1.79 7.16 5.81
BNP Paribas Short Term Fund - Direct Plan - Growth 3 409.17 0.38 2.08 1.93 6.87 8.38
Axis Short Term Fund - Direct Plan - Growth 3 12069.96 0.39 2.05 2.01 6.75 9.26

More Funds from Mirae Asset Mutual Fund

Out of 23 mutual fund schemes offered by this AMC, 2 is/are ranked 5 * , 1 is/are ranked 4 * , 3 is/are ranked 3 * , 2 is/are ranked 2 * , and 15 schemes are not ranked. See more about AMC

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Mirae Asset Large Cap Fund - Direct Plan - Growth 3 25721.43 6.22 7.42 16.56 60.45 15.40
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth 5 17892.20 5.83 10.56 25.02 77.16 21.75
Mirae Asset Tax Saver Fund - Direct Plan - Growth 5 7939.53 6.29 9.82 23.37 77.59 21.06
Mirae Asset Focused Fund - Direct Plan - Growth NA 6176.78 7.03 7.80 22.16 74.84 0.00
Mirae Asset Hybrid - Equity - Direct Plan - Growth 4 5150.16 5.11 7.56 15.38 48.14 15.72
Mirae Asset Midcap Fund - Direct Plan - Growth NA 5002.36 7.09 13.46 32.21 95.18 0.00
Mirae Asset Cash Management Fund - Direct Plan - Growth 3 4089.79 0.28 0.86 1.66 3.38 5.51
Mirae Asset Healthcare Fund - Direct Plan - Growth NA 1595.42 3.77 19.57 17.99 57.28 0.00
Mirae Asset Great Consumer Fund - Direct Plan - Growth NA 1271.20 6.06 10.36 18.99 58.70 15.03
Mirae Asset Savings Fund - Direct Plan - Growth 2 1089.55 0.29 1.25 1.86 5.59 6.58

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