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Mirae Asset Short Term Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : Short Duration Fund
Fund House :
  • NAV
    : ₹ 13.8856 -0.02%
    (as on 28th March, 2023)
Crisil Rank
Average performance among peers
Risk-O-Meter
Low to Moderate

The fund has 94.41% investment in Debt, of which 23.63% in Government securities, 70.77% 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 28th March, 2023)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 21-Mar-23 10015.20 0.15% - 0.18% 12/29
1 Month 28-Feb-23 10070.30 0.70% - 0.84% 22/29
3 Month 28-Dec-22 10158.80 1.59% - 1.74% 18/29
6 Month 28-Sep-22 10333.90 3.34% - 4.48% 21/29
YTD 30-Dec-22 10153.00 1.53% - 1.69% 19/29
1 Year 28-Mar-22 10458.50 4.58% 4.58% 6.10% 13/28
2 Year 26-Mar-21 10946.00 9.46% 4.61% 5.91% 16/26
3 Year 27-Mar-20 11745.90 17.46% 5.51% 6.46% 19/25
5 Year 28-Mar-18 13795.20 37.95% 6.64% 6.49% 15/24
Since Inception 16-Mar-18 13885.60 38.86% 6.74% 7.38% 23/27

SIP Returns (NAV as on 28th March, 2023)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 28-Mar-22 12000 12376.01 3.13 % 5.88 %
2 Year 26-Mar-21 24000 25193.78 4.97 % 4.75 %
3 Year 27-Mar-20 36000 38699.72 7.5 % 4.76 %
5 Year 28-Mar-18 60000 69712.7 16.19 % 5.94 %
 

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 28th Feb,2023)

No of Debt Holding 34 (Category Avg - 46.19) | Modified Duration 1.65 Years (Category Avg - 1.78)| Yield to Maturity 7.79% (Category Avg - 7.95%)

Type of Holdings

Security Type
% Weight
Category Average
GOI 23.63% 32.83%
CD 6.98% 7.86%
T-Bills 0.00% 3.11%
NCD & Bonds 61.47% 55.92%
CP 2.32% 1.04%
PTC 0.00% 0.55%

Investment / Portfolio Grades

Security Type
% Weight
Category Average
Government Backed 23.63% 35.94%
Low Risk 70.77% 54.38%
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 3.69%
Net Receivables Net Receivables 1.90%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 28th February, 2023)

  • Standard Deviation

    Low volatility
    1.77vs2.55
    Category Avg
  • Beta

    High volatility
    3.11vs1.17
    Category Avg
  • Sharpe Ratio

    Poor risk adjusted returns
    -1.26vs-0.8
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    -0.01vs-0.01
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    2.92vs0.2
    Category Avg

More Funds from

Out of 30 mutual fund schemes offered by this AMC, 3 is/are ranked 4 * , 7 is/are ranked 3 * , 2 is/are ranked 2 * , 1 is/are ranked 1 * , 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 - Direct Plan - Growth 3 32910.58 -2.43 -6.19 -0.58 -0.51 25.56
Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth 2 23394.44 -2.72 -6.20 -1.39 -2.18 30.14
Mirae Asset Tax Saver Fund - Direct Plan - Growth 3 14043.25 -2.31 -5.59 0.38 -0.48 30.80
Mirae Asset Midcap Fund - Direct Plan - Growth 4 8753.87 -3.36 -7.92 -4.35 -0.13 36.19
Mirae Asset Focused Fund - Direct Plan - Growth 2 8615.18 -3.96 -6.45 -2.02 -5.64 28.78
Mirae Asset Hybrid - Equity - Direct Plan - Growth 3 6952.71 -1.62 -4.45 0.51 1.33 21.91
Mirae Asset Cash Management Fund - Direct Plan - Growth 4 5983.36 0.51 1.62 3.27 5.66 4.28
Mirae Asset Great Consumer Fund - Direct Plan - Growth NA 1989.06 -1.05 -5.58 -4.95 8.54 28.22
Mirae Asset Healthcare Fund - Direct Plan - Growth NA 1505.43 -0.05 -5.98 -6.36 -9.23 26.74
Mirae Asset Banking and Financial Services Fund - Direct Plan - Growth NA 1212.35 -2.24 -7.36 4.15 8.15 0.00

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