October 13, 2025
RA Jainee
Mirae Asset Low Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 2,508.8687
Weekly NAV IDCW: Rs 1,454.7752
Quarterly NAV IDCW: Rs 1,021.3357
Monthly NAV IDCW: Rs 1,163.8943
Suitable For Which Investors?
Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.
Fund’s Investment Strategy:
The scheme aims to enhance income consistent with a high level of liquidity, through a judicious portfolio mix of money market and debt instruments.
Fund Manager:
1) Basant Bafna
Education: Mr. Bafna has done B.Com, MBA, CS, CA, FRM and CFA
Experience: Prior to joining Mirae Asset Mutual Fund, he has worked with India Exim Bank and Union Bank of India
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 99 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Mirae Asset Low Duration Fund
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 5.68% |
| Benchmark | NIFTY Low Duration Debt Index A-I |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 2,232 Cr |
| (As on 30-Sep-2025) | |
| Expense | 0.18% |
| (As on 30-Sep-2025) | |
| Risk Grade | Below Average |
| Return Grade | Average |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Low Duration Dir | 6.40 | 0.02 | 0.64 | 1.58 | 3.79 | 8.08 | 7.72 | 6.21 | 6.55 | 6.69 |
| CCIL T Bill Liquidity Weight | 3.85 | 0.08 | 0.42 | 0.97 | 2.26 | 4.75 | 4.66 | 3.61 | 3.73 | 3.88 |
| Debt: Low Duration | 6.36 | 0.02 | 0.62 | 1.53 | 3.78 | 8.03 | 7.73 | 6.40 | 6.71 | 7.00 |
| Rank within category | 6 | 16 | 6 | 3 | 9 | 6 | 10 | 12 | 14 | 15 |
| Number of funds in category | 20 | 26 | 25 | 24 | 23 | 20 | 20 | 20 | 20 | 19 |
Peer Comparison of Mirae Asset Low Duration Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Mirae Asset Low Duration Dir | 4 star | 8.08 | 7.72 | 6.21 | 0.18 | 2,232 | 5.68 | — | 12Y 9M |
| Axis Treasury Advantage Dir | 4 star | 8.11 | 7.78 | 6.35 | 0.35 | 7,517 | 7.73 | — | 12Y 9M |
| Tata Treasury Advantage Dir | 4 star | 7.79 | 7.56 | 6.13 | 0.24 | 2,925 | 7.07 | — | 12Y 9M |
| LIC MF Low Duration Dir | 5 star | 7.91 | 7.6 | 6.21 | 0.25 | 1,705 | 7.24 | — | 12Y 9M |
| Mahindra Manulife Low Duration Dir | 4 star | 8.08 | 7.82 | 6.3 | 0.30 | 577 | 6.95 | — | 8Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 87 | 86 |
| Macaulay Duration (yrs) | 0.99 | 0.89 |
| Average Maturity (yrs) | 1.05 | 1.11 |
| Yield to Maturity (%) | 6.55 | 6.58 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Mirae Asset Low Duration Fund
WILL POST SOON
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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