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Mirae Asset Short Term Fund - Regular Plan - Growth

  • Regular
  • Direct
Category : Short Duration Fund
  • NAV
    : ₹ 12.3232 -0.02%
    (as on 05th March, 2021)
Crisil Rank
Below average performance among peers
Risk-O-Meter
Low to Moderate
(Min ₹1000 for SIP, ₹5000 for one time investment)

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
VS
  • CRISIL 10 Year Gilt Index
  • NA
  • NA
  • Gold
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Returns (NAV as on 05th March, 2021)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 26-Feb-21 10007.50 0.07% - 0.08% 14/27
1 Month 05-Feb-21 10013.00 0.13% - 0.13% 10/26
3 Month 04-Dec-20 9967.20 -0.33% - -0.06% 17/26
6 Month 04-Sep-20 10128.30 1.28% - 1.92% 22/26
YTD 01-Jan-21 9945.00 -0.55% - -0.37% 18/26
1 Year 05-Mar-20 10591.20 5.91% 5.91% 5.90% 18/26
2 Year 05-Mar-19 11645.00 16.45% 7.90% 5.93% 13/26
Since Inception 16-Mar-18 12323.20 23.23% 7.28% 7.35% 16/26

SIP Returns (NAV as on 05th March, 2021)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 05-Mar-20 12000 12259.96 2.17 % 4.06 %
2 Year 05-Mar-19 24000 25600.35 6.67 % 6.35 %
 

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 - Regular Plan - Growth 3 8370.77 0.13 -0.03 2.56 9.25 8.39
ICICI Prudential Short Term Fund - Growth 2 24170.26 0.10 0.17 2.29 8.07 8.43
HDFC Short Term Debt Fund - Growth 3 18390.00 0.10 -0.11 2.04 7.95 8.72
UTI Short Term Income Fund - Institutional - Growth 3 3514.13 0.13 -0.04 1.79 7.68 3.69
Axis Short Term Fund - Growth 3 15693.76 0.14 0.09 2.01 7.67 8.44
IDFC Bond Fund - Short Term - Regular Plan - Growth 2 14298.44 0.13 -0.29 1.40 7.11 8.24
Nippon India Short Term Fund - Growth 2 8986.66 0.37 0.12 2.26 7.09 7.87
BNP Paribas Short Term Fund - Growth 4 545.42 0.13 -0.36 1.85 6.92 7.42
Kotak Bond Short Term Plan - Growth 3 21024.56 -0.10 -0.48 1.55 6.88 8.12
L&T Short Term Bond Fund - Growth 5 5022.97 0.00 -0.47 1.42 6.84 7.98

More Funds from Mirae Asset Mutual Fund

Out of 25 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 1 is/are ranked 4 * , 4 is/are ranked 3 * , 2 is/are ranked 2 * , and 17 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 21745.53 0.78 13.17 29.18 30.62 12.98
Mirae Asset Emerging Bluechip Fund - Growth 5 14415.74 3.09 16.92 37.30 41.31 17.36
Mirae Asset Tax Saver Fund - Regular Plan - Growth 4 5647.90 2.85 16.49 37.18 42.61 16.92
Mirae Asset Focused Fund - Growth NA 4601.24 3.33 15.93 34.59 42.15 0.00
Mirae Asset Hybrid - Equity - Growth 3 4383.57 0.83 10.86 24.11 27.39 12.52
Mirae Asset Midcap Fund - Regular Plan - Growth NA 3433.27 3.94 20.46 44.49 47.03 0.00
Mirae Asset Cash Management Fund - Growth 3 3351.38 0.24 0.78 1.59 3.78 5.81
Mirae Asset Healthcare Fund - Growth NA 1166.01 -1.76 1.90 14.32 54.21 0.00
Mirae Asset Great Consumer Fund - Growth NA 1100.51 0.05 11.71 24.12 22.89 11.62
Mirae Asset Savings Fund - Regular Savings - Growth 2 1066.10 0.25 0.42 1.69 5.49 6.12

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