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Mirae Asset Short Term Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : Short Duration Fund
  • NAV
    : ₹ 13.6115 0.08%
    (as on 28th November, 2022)
Crisil Rank
Average performance among peers
Risk-O-Meter
Low to Moderate

The fund has 96.41% investment in Debt, of which 22.68% in Government securities, 73.73% is in Low Risk securities.

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

This Scheme
VS
  • CRISIL 10 Year Gilt Index
  • NA
  • NA
  • Gold
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Returns (NAV as on 25th November, 2022)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 18-Nov-22 10015.20 0.15% - 0.15% 10/27
1 Month 25-Oct-22 10077.20 0.77% - 1.10% 21/27
3 Month 25-Aug-22 10123.30 1.23% - 1.41% 16/26
6 Month 25-May-22 10281.90 2.82% - 2.99% 15/26
YTD 31-Dec-21 10333.80 3.34% - 4.17% 11/25
1 Year 25-Nov-21 10365.40 3.65% 3.65% 4.46% 9/25
2 Year 25-Nov-20 10785.00 7.85% 3.85% 4.85% 12/23
3 Year 25-Nov-19 11810.20 18.10% 5.70% 6.12% 13/23
Since Inception 16-Mar-18 13600.20 36.00% 6.76% 7.22% 21/25

SIP Returns (NAV as on 25th November, 2022)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 25-Nov-21 12000 12283.06 2.36 % 4.38 %
2 Year 25-Nov-20 24000 25020.42 4.25 % 4.05 %
3 Year 25-Nov-19 36000 38645.64 7.35 % 4.65 %
 

Tax Treatment

If sold after 3 years from purchase date, long term capital gain tax will be applicable. Current tax rate is the lower of (a) 10% of profit or (b) 20% of profit adjusted after indexation benefits. Any cess/surcharge is not included.|If sold before 3 years from purchase date, short term capital gain tax will be applicable. Any profit will be clubbed with your income and taxed at your effective tax rate.

Portfolio (Updated on 31st Oct,2022)

No of Debt Holding 38 (Category Avg - 50.89) | Modified Duration 1.48 Years (Category Avg - 1.55)| Yield to Maturity 7.28% (Category Avg - 7.64%)

Type of Holdings

Security Type
% Weight
Category Average
GOI 20.34% 27.86%
CD 16.43% 13.26%
T-Bills 2.34% 4.86%
CP 0.00% 2.12%
NCD & Bonds 57.30% 53.77%
PTC 0.00% 0.52%

Investment / Portfolio Grades

Security Type
% Weight
Category Average
Government Backed 22.68% 32.72%
Low Risk 73.73% 59.04%
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 1.83%
Net Receivables Net Receivables 1.77%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st October, 2022)

  • Standard Deviation

    Low volatility
    1.79vs2.57
    Category Avg
  • Beta

    High volatility
    3.13vs1.24
    Category Avg
  • Sharpe Ratio

    Poor risk adjusted returns
    -0.88vs-0.52
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    2.47vs0.12
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Bank of India Short Term Income Fund - Direct Plan - Growth 1 43.56 7.93 8.34 9.93 26.97 9.44
ICICI Prudential Short Term Fund - Direct Fund - Growth 5 14605.84 0.82 1.91 4.02 5.08 7.13
Aditya Birla Sun Life Short Term Fund - Direct Plan - Growth 4 5856.98 0.77 1.44 3.34 4.66 6.81
Axis Short Term Fund - Direct Plan - Growth 4 7544.44 0.81 1.36 3.08 4.13 6.39
Sundaram Short Duration Fund - Direct Plan - Growth 1 208.39 0.83 1.55 2.87 4.09 6.01
UTI Short Term Income Fund - Direct Plan - Growth 2 2114.26 0.72 1.47 2.93 4.05 7.93
Nippon India Short Term Fund - Direct Plan - Growth 3 6639.01 0.83 1.28 3.02 3.82 6.40
PGIM India Short Duration Fund - Direct Plan - Growth 2 24.94 0.72 1.36 2.89 3.75 5.29
HDFC Short Term Debt Fund - Direct Plan - Growth 3 12505.32 0.80 1.38 3.06 3.63 6.45
SBI Short Term Debt Fund - Direct Plan - Growth 3 13068.25 0.89 1.44 2.88 3.61 5.72

More Funds from Mirae Asset Mutual Fund

Out of 29 mutual fund schemes offered by this AMC, 3 is/are ranked 4 * , 9 is/are ranked 3 * , 1 is/are ranked 1 * , and 16 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 34406.75 3.42 5.01 15.14 4.29 16.13
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth 3 23690.65 3.18 2.87 13.46 0.60 21.29
Mirae Asset Tax Saver Fund - Direct Plan - Growth 3 13546.14 3.84 4.29 14.40 2.73 20.86
Mirae Asset Focused Fund - Direct Plan - Growth 3 8885.09 3.17 2.80 12.14 -3.84 19.50
Mirae Asset Midcap Fund - Direct Plan - Growth 4 8681.46 1.76 1.93 16.90 3.91 27.08
Mirae Asset Hybrid - Equity - Direct Plan - Growth 3 7150.59 2.84 3.87 12.74 3.78 15.25
Mirae Asset Cash Management Fund - Direct Plan - Growth 4 4750.30 0.55 1.48 2.74 4.60 4.15
Mirae Asset Great Consumer Fund - Direct Plan - Growth NA 2045.97 0.05 3.61 17.88 7.51 18.81
Mirae Asset Healthcare Fund - Direct Plan - Growth NA 1746.76 -0.06 2.92 8.22 -3.88 28.49
Mirae Asset Banking and Financial Services Fund - Direct Plan - Growth NA 1223.60 4.33 7.60 23.84 9.04 0.00

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