September 15, 2022
mayank
Mirae Asset Short Term Fund
NAV Growth : Rs 13.4767
NAV IDCW : Rs 13.4623
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.
Mirae Asset Short Term Fund Manager :
1) Mahendra Kumar Jajoo
Education : Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
Experience : Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.
2) Amit Modani
Education : Mr. Modani is Chartered Accountant
Experience : Prior to joining BOI AXA Mutual Fund, he has worked with Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.
Investment Details
| Min. Investment (Rs) : | 5,000 |
| Min. Addl Investment (Rs) : | 1,000 |
| Min. SIP Investment (Rs) : | 1,000 |
| Min. Withdrawal (Rs) : | — |
| Min. No of Cheques : | 5 |
| Min. Balance (Rs) : | — |
| Lock-in Period : | NA |
| Exit Load : | 0 |
Basic Details
| Fund House : | Mirae Asset Mutual Fund |
| Launch Date : | 16-Mar-18 |
| Return Since Launch : | 6.85% |
| Benchmark : | CRISIL Short Duration Fund BII Index |
| Riskometer : | Low to Moderate |
| Type : | Open-ended |
| Assets : | Rs 449 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | 0.32% |
| (As on 31-Jul-2022) | |
| Risk Grade : | Below Average |
| Return Grade : | Average |
Mirae Asset Short Term Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset ST Dir | 2.4 | -0.05 | 0.53 | 1.92 | 1.78 | 3.13 | 5.99 | — | — | — |
| CCIL T Bill Liquidity Weight | 1.48 | 0 | 0.19 | 0.75 | 1.1 | 2.06 | 2.56 | — | — | — |
| Debt: Short Duration | 2.83 | -0.05 | 0.53 | 1.94 | 2.2 | 4.41 | 6.76 | — | — | — |
| Rank within category | 9 | 15 | 11 | 14 | 7 | 10 | 16 | — | — | — |
| Number of funds in category | 26 | 27 | 26 | 26 | 26 | 26 | 24 | 21 | 21 | 0 |
Peer Comparison
| Fund name | 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 ST Dir | 3 star | 3.13 | 5.99 | — | 0.32 | 449 | 6.85 | — | 4yrs 6mo |
| ICICI Pru ST Dir | 4 star | 4.59 | 7.39 | 7.48 | 0.37 | 15,615 | 8.64 | — | 9yrs 8mo |
| HDFC ST Debt Dir | 4 star | 3.31 | 6.84 | 7.22 | 0.29 | 13,619 | 8.14 | — | 9yrs 8mo |
| Kotak Bond ST Dir | 4 star | 3.1 | 6.49 | 7.09 | 0.35 | 12,683 | 8.13 | — | 9yrs 8mo |
| Axis ST Dir | 4 star | 3.72 | 6.76 | 7.24 | 0.28 | 7,564 | 8.28 | — | 9yrs 8mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 39 | 47 |
| Modified Duration (yrs) | 1.30 | 1.54 |
| Average Maturity (yrs) | 1.51 | 1.99 |
| Yield to Maturity (%) | 6.65 | 6.73 |
| Avg Credit Rating | AAA | — |
Mirae Asset Short Term Fund by Chanakya :
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