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Mirae Asset Short Term Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : Short Duration Fund
  • NAV
    : ₹ 12.6256 0.1%
    (as on 04th December, 2020)
Crisil Rank
Below average performance among peers
Risk-O-Meter
Moderately Low

Fund has 82.43% investment in Debt of which 14.32% in Government securities, 68.11% 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.

This Scheme
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  • CRISIL 10 Year Gilt Index
  • NA
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  • Gold
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Returns (NAV as on 04th December, 2020)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 27-Nov-20 10005.80 0.06% - 0.07% 14/26
1 Month 04-Nov-20 10079.40 0.79% - 0.84% 16/26
3 Month 04-Sep-20 10182.80 1.83% - 2.15% 21/26
6 Month 04-Jun-20 10426.90 4.27% - 5.48% 23/26
YTD 01-Jan-20 10911.70 9.12% - 8.75% 19/26
1 Year 04-Dec-19 10941.60 9.42% 9.39% 8.74% 19/26
2 Year 04-Dec-18 12118.20 21.18% 10.07% 7.72% 13/25
Since Inception 16-Mar-18 12625.60 26.26% 8.94% 8.45% 11/26

SIP Returns (NAV as on 04th December, 2020)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 04-Dec-19 12000 12599.83 5 % 9.37 %
2 Year 04-Dec-18 24000 26467.25 10.28 % 9.69 %
 

Tax Treatment

Portfolio (Updated on 31st Oct,2020)

No of Debt Holding 56 (Category Avg - 73.69) | Modified Duration 1.97 Years (Category Avg - 2.35)| Yield to Maturity 4.59% (Category Avg - 5.22%)

Type of Holdings

Security Type
% Weight
Category Average
GOI 14.32% 25.62%
CD 0.00% 1.60%
T-Bills 0.00% 1.80%
CP 0.00% 1.84%
NCD & Bonds 68.11% 57.36%
PTC 0.00% 0.57%

Investment / Portfolio Grades

Security Type
% Weight
Category Average
Government Backed 14.32% 27.42%
Low Risk 68.11% 58.31%
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 15.10%
Net Receivables Net Receivables 2.47%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 27th November, 2020)

  • Standard Deviation

    Low volatility
    1.94vs4.71
    Category Avg
  • Beta

    High volatility
    1.05vs0.79
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    2.29vs1.39
    Category Avg
  • Treynor's Ratio

    Poor risk adjusted returns
    0.04vs0.36
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    -0.81vs-1.85
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
ICICI Prudential Short Term Fund - Direct Fund - Growth 2 20927.11 0.87 2.32 5.97 11.28 9.35
HDFC Short Term Debt Fund - Direct Plan - Growth 2 15461.88 0.88 2.28 6.09 11.03 9.30
Aditya Birla Sun Life Short Term Fund - Direct Plan - Growth 4 8135.39 0.82 2.77 7.64 10.98 9.21
BNP Paribas Short Term Fund - Direct Plan - Growth 5 352.44 0.87 2.40 5.66 10.82 8.66
Axis Short Term Fund - Direct Plan - Growth 3 12288.32 0.70 2.09 5.39 10.65 9.31
Kotak Bond Short Term Plan - Direct Plan - Growth 3 17050.35 0.79 2.25 5.45 10.60 9.36
Principal Short Term Debt Fund - Direct Plan - Growth 5 134.08 0.89 1.95 11.56 10.52 5.25
UTI Short Term Income Fund - Direct Plan - Growth 4 2671.89 0.72 1.96 5.09 10.50 4.35
Tata Short Term Bond Fund - Direct Plan - Growth 3 3333.27 0.75 1.91 5.35 10.41 6.91
IDBI Short Term Bond Fund - Direct Plan - Growth 2 20.90 0.93 1.91 5.76 10.23 6.20

More Funds from Mirae Asset Mutual Fund

Out of 19 mutual fund schemes offered by this AMC, 2 is/are ranked 5 * , 4 is/are ranked 4 * , 1 is/are ranked 2 * , 1 is/are ranked 1 * , and 11 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 4 18999.07 9.92 14.46 32.71 10.85 9.49
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth 5 11928.63 11.40 17.74 39.25 20.42 11.56
Mirae Asset Tax Saver Fund - Direct Plan - Growth 5 4462.58 11.02 18.20 40.24 19.17 12.52
Mirae Asset Hybrid - Equity - Direct Plan - Growth 4 3824.02 8.53 12.37 24.93 12.34 10.39
Mirae Asset Focused Fund - Direct Plan - Growth NA 3701.26 10.59 16.53 41.85 19.47 0.00
Mirae Asset Cash Management Fund - Direct Plan - Growth 4 3153.00 0.26 0.83 1.71 4.42 6.20
Mirae Asset Midcap Fund - Direct Plan - Growth NA 2561.39 14.11 20.41 46.49 24.57 0.00
Mirae Asset Healthcare Fund - Direct Plan - Growth NA 1036.48 5.82 12.63 31.81 69.62 0.00
Mirae Asset Great Consumer Fund - Direct Plan - Growth NA 986.98 10.37 11.55 28.49 9.04 9.24
Mirae Asset Savings Fund - Direct Plan - Growth 1 844.88 0.51 1.42 3.90 6.87 7.02

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