October 17, 2025
RA Jainee
Mirae Asset Short Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 17.0651
NAV IDCW: Rs 17.0250
Suitable For Which Investors?
Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.
Fund’s Investment Strategy:
The scheme seeks to generate returns through an actively managed diversified portfolio of debt and money market instruments with Macaulay duration of the portfolio between 1 year to 3 years.
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) | — |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Mirae Asset Short Duration Fund
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | 16-Mar-18 |
| Return Since Launch | 7.29% |
| Benchmark | CRISIL Short Duration Debt A-II Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 704 Cr |
| (As on 30-Sep-2025) | |
| Expense | 0.23% |
| (As on 30-Sep-2025) | |
| Risk Grade | Average |
| Return Grade | Average |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Short Duration Dir | 7.3 | 0.02 | 0.9 | 1.5 | 3.62 | 8.74 | 8.22 | 6.43 | 7.49 | — |
| CCIL T Bill Liquidity Weight | 3.85 | -0.01 | 0.34 | 0.9 | 2.17 | 4.69 | 4.63 | 3.61 | 3.72 | — |
| Debt: Short Duration | 7.03 | 0.01 | 0.84 | 1.44 | 3.58 | 8.49 | 8.24 | 6.69 | 7.32 | — |
| Rank within category | 5 | 10 | 6 | 10 | 15 | 5 | 11 | 11 | 9 | — |
| Number of funds in category | 25 | 26 | 26 | 26 | 26 | 25 | 24 | 21 | 19 | 17 |
Peer Comparison of Mirae Asset Short 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 Short Duration Dir | 3 star | 8.74 | 8.22 | 6.43 | 0.23 | 704 | 7.29 | — | 7Y 7M |
| ICICI Pru Short Term Dir | 5 star | 8.85 | 8.57 | 7.15 | 0.45 | 22,387 | 8.57 | — | 12Y 9M |
| HDFC Short Term Debt Dir | 5 star | 8.49 | 8.33 | 6.65 | 0.40 | 17,622 | 8.11 | — | 12Y 9M |
| Axis Short Duration Dir | 4 star | 9.09 | 8.44 | 6.73 | 0.38 | 12,201 | 8.25 | — | 12Y 9M |
| ABSL Short Term Dir | 4 star | 8.73 | 8.39 | 6.91 | 0.36 | 10,696 | 8.65 | — | 12Y 9M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 51 | 68 |
| Macaulay Duration (yrs) | 3.24 | 2.86 |
| Average Maturity (yrs) | 3.69 | 3.73 |
| Yield to Maturity (%) | 7.03 | 6.88 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Mirae Asset Short Duration Fund
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Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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