Latest NAV & returns of MIRAE ASSET GLOBAL INVESTMENTS (INDIA) PVT. LTD.

Mirae Asset Short Term Direct Reinvestment of Income Distribution cum capital withdrawal

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previously known as Mirae Asset Short Term Dir DR until

NAV on May 31, 2023
Category Fixed income:
Short Duration
Interest rate sensitivity
Credit quality
Limited Sensitivity High Quality
Total Assets 388 cr
Turnover Ratio 271.54%
Expense Ratio 0.32%
Exit Load -
Returns
  • 1M: 0.74%
  • 1Y: 6.96%
  • 3M: 2.62%
  • 3Y: 5.32%
  • 6M: 3.92%
  • 5Y: 7.10%
Min Investment 5,000
ADDITIONAL INFO
Fund Manager Amit Modani (Since almost 2 years) Basant Bafna (Since 5 months)
ISIN INF769K01DZ1
Fund Family Mirae Asset
Launch Date March 16, 2018
Benchmark CRISIL Short Duration Debt B-II TR INR
Avg. Maturity 2.25 years
Yield To Maturity (%) 7.48%
ASSET ALLOCATION
CREDIT QUALITY (%)
AAA 92.33%
AA 7.67%
A 0.00%
BBB 0.00%
BB 0.00%
B 0.00%
Below B 0.00%
Unrated 0.00%
RISK MEASURES (3 yrs)
vs CRISIL Short Duration Debt B-II TR INR

Alpha -
Beta -
R-Squared -
Info Ratio -
Tracking Err -
Sortino 1.485
Sharpe 0.791
Std Dev 1.492
Risk Low
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 Short Duration Funds
NAME LATEST
NAV
RETURNS
1y      
FUND
ASSETS
EXPENSE
RATIO
RISK
55.311 8.39% 17,233 cr 0.40% Average
43.522 7.51% 5,451 cr 0.38% Average
28.536 7.35% 6,824 cr 0.30% Below Average
51.917 7.25% 9,146 cr 0.30% Average
27.977 7.24% 12,201 cr 0.29% Average
48.461 7.21% 6,055 cr 0.36% Below Average
48.585 7.07% 12,594 cr 0.36% Average
Best Short Duration Funds
NAME LATEST
NAV
RETURNS
1y    
FUND
ASSETS
Expense
RATIO
RISK
24.582 13.79% 81 cr 0.6% High
39.099 13.62% 330 cr 0.28% Above Average
55.311 8.39% 17,233 cr 0.4% Average
26.872 7.51% 232 cr 0.37% Below Average
43.522 7.51% 5,451 cr 0.38% Average
28.536 7.35% 6,824 cr 0.3% Below Average
27.977 7.24% 12,201 cr 0.29% Average


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