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Mirae Asset Short Term Fund - Regular Plan - Growth

  • Regular
  • Direct
Category : Short Duration Fund
Fund House :
  • NAV
    : ₹ 13.1291 0.01%
    (as on 09th December, 2022)
Crisil Rank
Below 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 08th December, 2022)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 01-Dec-22 10004.20 0.04% - 0.05% 10/28
1 Month 07-Nov-22 10065.90 0.66% - 0.79% 26/30
3 Month 08-Sep-22 10093.80 0.94% - 1.51% 27/30
6 Month 08-Jun-22 10262.00 2.62% - 2.80% 20/29
YTD 31-Dec-21 10277.40 2.77% - 3.92% 14/27
1 Year 08-Dec-21 10280.00 2.80% 2.80% 3.96% 14/27
2 Year 08-Dec-20 10616.80 6.17% 3.04% 4.39% 17/25
3 Year 06-Dec-19 11540.40 15.40% 4.88% 5.67% 19/25
Since Inception 16-Mar-18 13127.40 31.27% 5.92% 6.67% 23/27

SIP Returns (NAV as on 08th December, 2022)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 08-Dec-21 12000 12247.24 2.06 % 3.83 %
2 Year 08-Dec-20 24000 24830.87 3.46 % 3.31 %
3 Year 06-Dec-19 36000 38137.79 5.94 % 3.78 %
 

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 - 52.86) | 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% 30.53%
CD 16.43% 12.98%
T-Bills 2.34% 4.33%
CP 0.00% 1.72%
NCD & Bonds 57.30% 56.02%
PTC 0.00% 0.59%

Investment / Portfolio Grades

Security Type
% Weight
Category Average
Government Backed 22.68% 34.86%
Low Risk 73.73% 60.88%
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 30th November, 2022)

  • Standard Deviation

    Low volatility
    1.79vs2.59
    Category Avg
  • Beta

    High volatility
    3.13vs1.18
    Category Avg
  • Sharpe Ratio

    Poor risk adjusted returns
    -0.63vs-0.33
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    1.58vs-0.08
    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 - Growth 1 51.23 0.70 8.17 9.86 26.68 9.06
Franklin India Short Term Income Plan - Growth 1 511.76 0.89 1.88 2.71 8.57 5.64
ICICI Prudential Short Term Fund - Growth 5 14605.84 0.68 1.38 3.95 4.32 6.42
Aditya Birla Sun Life Short Term Fund - Regular Plan - Growth 4 5856.98 0.61 1.12 3.16 3.89 6.24
UTI Short Term Income Fund - Institutional - Growth 3 2114.26 0.60 1.19 2.74 3.49 7.50
Axis Short Term Fund - Growth 4 7544.44 0.68 1.08 2.90 3.47 5.76
Sundaram Short Duration Fund - Growth 1 208.39 0.75 1.23 2.68 3.41 5.65
Sundaram Short Duration Fund - Growth (Adjusted NAV) NA 208.39 0.64 1.12 2.57 3.28 7.80
HDFC Short Term Debt Fund - Growth 4 12505.32 0.74 1.16 3.04 3.18 6.12
SBI Short Term Debt Fund - Regular Plan - Growth 3 13068.25 0.79 1.24 2.75 3.10 5.35

More Funds from

Out of 43 mutual fund schemes offered by this AMC, 3 is/are ranked 4 * , 9 is/are ranked 3 * , 2 is/are ranked 2 * , 1 is/are ranked 1 * , and 28 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 - Regular - Growth 3 34406.75 2.28 3.88 13.29 4.40 15.70
Mirae Asset Emerging Bluechip Fund - Growth 3 23690.65 2.38 1.97 12.31 1.07 20.83
Mirae Asset Tax Saver Fund - Regular Plan - Growth 3 13546.14 2.79 3.30 12.87 2.83 20.07
Mirae Asset Focused Fund - Growth 2 8885.09 2.53 1.59 9.24 -4.29 18.42
Mirae Asset Midcap Fund - Regular Plan - Growth 4 8681.46 1.25 0.94 16.26 6.16 26.42
Mirae Asset Hybrid - Equity - Growth 3 7150.59 1.83 2.94 11.50 3.84 14.31
Mirae Asset Cash Management Fund - Growth 4 4750.30 0.52 1.47 2.75 4.61 4.07
Mirae Asset Great Consumer Fund - Growth NA 2045.97 0.07 1.52 19.26 8.73 17.79
Mirae Asset Healthcare Fund - Growth NA 1746.76 -2.31 -0.47 6.63 -5.50 26.07
Mirae Asset Banking and Financial Services Fund - Growth NA 1223.60 3.82 5.79 22.06 9.31 0.00

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