Item: Mirae Asset Short Duration Direct Reinvestment of Income Distribution cum capital withdrawal
Rating: 3
Author: Morningstar

Home › Mutual Funds › Mirae Asset Mutual Fund › Mirae Asset Short Duration Direct Reinvestment of Income Distribution cum capital withdrawal

15.717 (-0.025%)

NAV on November 14, 2024

Category Fixed income:
Short Duration

Interest rate sensitivity
Credit quality

Limited Sensitivity High Quality

Total Assets 366 cr

Turnover Ratio 291.95%

Expense Ratio 0.29%

Exit Load -

Returns

1M: 0.37%
1Y: 8.50%
3M: 1.92%
3Y: 6.28%
6M: 4.35%
5Y: 6.49%

Min Investment 5,000

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ADDITIONAL INFO

Fund Manager Basant Bafna (Since almost 2 years)

ISIN INF769K01DZ1

Fund Family Mirae Asset

Launch Date March 16, 2018

Benchmark CRISIL Short Duration Debt B-II TR INR

Avg. Maturity 3.58 years

Yield To Maturity (%) 7.50%

INVESTMENT OBJECTIVE

The investment objective of the scheme is to seek to generate returns through an actively managed diversified portfolio of debt and money market instruments with Macaulay duration of the portfolio is between 1 year to 3 years.However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

Dividends that would otherwise be paid out to investors are instead used to purchase more units in the fund. Not as tax efficient as Growth.

View Factsheet

Top Rated
Top Performing

Top Short Duration Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	EXPENSE RATIO	RISK
Aditya Birla Sun Life Short Term Fund Direct Plan Growth	48.617	8.76%	8,924 cr	0.38%	Low
Kotak Bond Short Term Plan Direct Growth	54.276	8.76%	16,895 cr	0.37%	Average
HDFC Short Term Debt Fund -Direct Plan - Growth Option	31.265	8.72%	14,972 cr	0.40%	Below Average
Nippon India Short Term Fund - Direct Plan - Growth Plan	54.095	8.69%	7,586 cr	0.38%	Average
Axis Short Duration Fund Direct Plan Growth Option	31.789	8.66%	9,463 cr	0.36%	Below Average
ICICI Prudential Short Term Fund Direct Plan Growth Option	62.023	8.63%	19,922 cr	0.45%	Low
UTI - Short Duration Fund - Direct Plan - Growth Option	31.970	8.62%	2,676 cr	0.41%	Low

Best Short Duration Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	Expense RATIO	RISK
Sundaram Short Term Debt Fund - Direct Plan - Growth Option	39.099	13.62%	330 cr	0.28%	Above Average
Bank of India Short Term Income Fund Direct Plan Growth	27.603	9.98%	72 cr	0.45%	High
Aditya Birla Sun Life Short Term Fund Direct Plan Growth	48.617	8.76%	8,924 cr	0.38%	Low
Kotak Bond Short Term Plan Direct Growth	54.276	8.76%	16,895 cr	0.37%	Average
Sundaram Short Duration Fund Direct Plan Growth Option	45.342	8.69%	223 cr	0.29%	Below Average
Axis Short Duration Fund Direct Plan Growth Option	31.789	8.66%	9,463 cr	0.36%	Below Average
ICICI Prudential Short Term Fund Direct Plan Growth Option	62.023	8.63%	19,922 cr	0.45%	Low