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Mirae Asset Short Term Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : Short Duration Fund
  • NAV
    : ₹ 12.8139 0.04%
    (as on 06th May, 2021)
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Crisil Rank
Below average performance among peers
Risk-O-Meter
Low to Moderate

Fund has 87.64% investment in Debt of which 18.23% in Government securities, 69.41% 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
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  • CRISIL 10 Year Gilt Index
  • NA
  • NA
  • Gold
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Returns (NAV as on 06th May, 2021)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 29-Apr-21 10018.70 0.19% - 0.20% 17/27
1 Month 06-Apr-21 10060.20 0.60% - 0.66% 16/27
3 Month 05-Feb-21 10180.80 1.81% - 1.75% 5/26
6 Month 06-Nov-20 10212.70 2.13% - 2.38% 12/26
YTD 01-Jan-21 10120.00 1.20% - 1.31% 10/26
1 Year 06-May-20 10703.20 7.03% 7.03% 8.23% 20/26
2 Year 06-May-19 11821.70 18.22% 8.72% 6.80% 13/26
3 Year 04-May-18 12752.60 27.53% 8.42% 7.01% 13/25
Since Inception 16-Mar-18 12813.90 28.14% 8.21% 8.17% 16/26

SIP Returns (NAV as on 06th May, 2021)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 06-May-20 12000 12360.23 3 % 5.63 %
2 Year 06-May-19 24000 25863.93 7.77 % 7.38 %
3 Year 04-May-18 36000 40727.87 13.13 % 8.18 %
 

Tax Treatment

Portfolio (Updated on 31st Mar,2021)

No of Debt Holding 64 (Category Avg - 69.59) | Modified Duration 1.70 Years (Category Avg - 1.83)| Yield to Maturity 4.70% (Category Avg - 4.94%)

Type of Holdings

Security Type
% Weight
Category Average
GOI 18.23% 23.87%
CD 0.00% 2.12%
T-Bills 0.00% 2.51%
CP 4.61% 2.87%
NCD & Bonds 64.80% 55.74%
PTC 0.00% 0.42%

Investment / Portfolio Grades

Security Type
% Weight
Category Average
Government Backed 18.23% 26.38%
Low Risk 69.41% 58.79%
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 9.96%
Net Receivables Net Receivables 2.40%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th April, 2021)

  • Standard Deviation

    Low volatility
    1.85vs4.5
    Category Avg
  • Beta

    High volatility
    0.99vs0.77
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    2.12vs1.29
    Category Avg
  • Treynor's Ratio

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

    Better risk adjusted returns
    -0.99vs-1.84
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Principal Short Term Debt Fund - Direct Plan - Growth 5 138.90 0.71 1.71 1.76 14.24 5.00
Aditya Birla Sun Life Short Term Fund - Direct Plan - Growth 4 6856.38 0.61 1.77 2.42 11.30 9.30
Franklin India Short Term Income Plan - Direct - Growth 1 5277.96 1.54 4.57 9.98 10.54 4.15
IDBI Short Term Bond Fund - Direct Plan - Growth 2 24.04 0.69 1.71 2.28 9.57 5.86
ICICI Prudential Short Term Fund - Direct Fund - Growth 4 22157.92 0.61 1.57 2.50 9.44 9.41
HDFC Short Term Debt Fund - Direct Plan - Growth 2 16804.90 0.70 1.73 2.32 9.41 9.13
Nippon India Short Term Fund - Direct Plan - Growth 4 7902.89 0.67 2.19 2.82 8.77 8.93
BNP Paribas Short Term Fund - Direct Plan - Growth 3 341.21 0.62 1.83 2.15 8.72 8.43
Axis Short Term Fund - Direct Plan - Growth 3 11744.71 0.63 1.50 2.15 8.58 9.21
UTI Short Term Income Fund - Direct Plan - Growth 3 3312.13 0.56 1.57 2.06 8.41 4.26

More Funds from Mirae Asset Mutual Fund

Out of 22 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 14 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 23762.37 0.70 -0.47 20.12 59.68 13.10
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth 5 16190.41 3.43 5.45 30.37 77.36 18.47
Mirae Asset Tax Saver Fund - Direct Plan - Growth 5 6934.49 2.57 3.84 27.88 77.30 18.05
Mirae Asset Focused Fund - Direct Plan - Growth NA 5471.51 0.95 2.77 24.99 76.90 0.00
Mirae Asset Hybrid - Equity - Direct Plan - Growth 4 4828.91 1.76 1.13 18.40 46.96 13.84
Mirae Asset Midcap Fund - Direct Plan - Growth NA 4223.73 4.53 7.75 39.58 95.67 0.00
Mirae Asset Cash Management Fund - Direct Plan - Growth 3 3462.17 0.26 0.83 1.64 3.49 5.67
Mirae Asset Healthcare Fund - Direct Plan - Growth NA 1268.97 9.12 11.12 21.85 61.15 0.00
Mirae Asset Great Consumer Fund - Direct Plan - Growth NA 1173.79 1.94 1.66 23.68 59.38 12.36
Mirae Asset Savings Fund - Direct Plan - Growth 2 1057.99 0.40 1.26 1.98 6.49 6.68

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