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Mirae Asset Short Term Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : Short Duration Fund
  • NAV
    : ₹ 12.6081 0.05%
    (as on 02nd March, 2021)
Crisil Rank
Average performance among peers
Risk-O-Meter
Low to Moderate

Fund has 84.86% investment in Debt of which 19.25% in Government securities, 65.65% 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
  • NA
  • Gold
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Returns (NAV as on 02nd March, 2021)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 23-Feb-21 10004.90 0.05% - 0.10% 21/26
1 Month 02-Feb-21 10015.60 0.16% - 0.18% 13/26
3 Month 02-Dec-20 9995.60 -0.04% - 0.25% 15/26
6 Month 02-Sep-20 10178.00 1.78% - 2.41% 21/26
YTD 01-Jan-21 9957.40 -0.43% - -0.24% 14/26
1 Year 02-Mar-20 10708.20 7.08% 7.08% 6.91% 20/26
2 Year 01-Mar-19 11842.90 18.43% 8.80% 6.74% 13/26
Since Inception 16-Mar-18 12608.10 26.08% 8.13% 8.15% 17/26

SIP Returns (NAV as on 02nd March, 2021)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 02-Mar-20 12000 12320.35 2.67 % 5.01 %
2 Year 01-Mar-19 24000 25833.34 7.64 % 7.26 %
 

Tax Treatment

Portfolio (Updated on 31st Jan,2021)

No of Debt Holding 63 (Category Avg - 76.54) | Modified Duration 1.76 Years (Category Avg - 1.97)| Yield to Maturity 4.55% (Category Avg - 5.08%)

Type of Holdings

Security Type
% Weight
Category Average
GOI 19.25% 21.28%
CD 0.00% 2.19%
T-Bills 0.00% 2.89%
CP 5.86% 2.60%
NCD & Bonds 59.79% 56.02%
PTC 0.00% 0.45%

Investment / Portfolio Grades

Security Type
% Weight
Category Average
Government Backed 19.25% 24.17%
Low Risk 65.65% 58.94%
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 13.01%
Net Receivables Net Receivables 2.13%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 26th February, 2021)

  • Standard Deviation

    Low volatility
    1.88vs4.51
    Category Avg
  • Beta

    High volatility
    0.99vs0.8
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    1.91vs1.21
    Category Avg
  • Treynor's Ratio

    Poor risk adjusted returns
    0.04vs0.34
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    -1.1vs-1.8
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Aditya Birla Sun Life Short Term Fund - Direct Plan - Growth 3 8370.77 0.11 0.26 3.41 10.27 9.16
ICICI Prudential Short Term Fund - Direct Fund - Growth 2 24170.26 0.18 0.48 2.77 9.18 9.30
Axis Short Term Fund - Direct Plan - Growth 3 15693.76 0.20 0.43 2.47 8.73 9.20
HDFC Short Term Debt Fund - Direct Plan - Growth 2 18390.00 0.09 0.16 2.41 8.65 9.01
UTI Short Term Income Fund - Direct Plan - Growth 3 3514.13 0.11 0.17 2.10 8.45 4.19
Nippon India Short Term Fund - Direct Plan - Growth 1 8986.66 0.31 0.40 2.75 8.18 8.69
Tata Short Term Bond Fund - Direct Plan - Growth 3 3413.67 0.13 -0.05 1.84 8.13 6.67
Kotak Bond Short Term Plan - Direct Plan - Growth 3 21024.56 0.01 -0.11 2.13 8.05 9.05
BNP Paribas Short Term Fund - Direct Plan - Growth 4 545.42 0.11 -0.07 2.27 7.90 8.28
IDFC Bond Fund - Short Term - Direct Plan - Growth 2 14298.44 0.15 -0.10 1.75 7.89 8.80

More Funds from Mirae Asset Mutual Fund

Out of 21 mutual fund schemes offered by this AMC, 2 is/are ranked 5 * , 5 is/are ranked 3 * , 1 is/are ranked 2 * , and 13 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 21745.53 2.76 14.93 27.84 33.87 13.79
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth 5 14415.74 5.22 18.59 35.61 44.47 18.00
Mirae Asset Tax Saver Fund - Direct Plan - Growth 5 5647.90 5.02 17.60 35.44 46.10 18.12
Mirae Asset Focused Fund - Direct Plan - Growth NA 4601.24 4.75 16.91 33.26 44.76 0.00
Mirae Asset Hybrid - Equity - Direct Plan - Growth 3 4383.57 2.59 12.08 23.10 30.62 13.92
Mirae Asset Midcap Fund - Direct Plan - Growth NA 3433.27 7.34 22.94 43.43 50.14 0.00
Mirae Asset Cash Management Fund - Direct Plan - Growth 3 3351.38 0.25 0.80 1.64 3.93 5.92
Mirae Asset Healthcare Fund - Direct Plan - Growth NA 1166.01 2.46 3.95 14.66 66.01 0.00
Mirae Asset Great Consumer Fund - Direct Plan - Growth NA 1100.51 2.62 14.34 24.43 26.45 13.17
Mirae Asset Savings Fund - Direct Plan - Growth 2 1066.10 0.28 0.60 2.04 6.25 6.82

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