Mirae Asset Low Duration Fund Direct Growth

Mirae Asset Low Duration Fund Direct Growth

Debt

Direct

Low Duration

NAV as on 23-12-2024

₹ 2353.29

Inception Returns

7%

/yr

About Mirae Asset Low Duration Fund Direct Growth

Mirae Asset Low Duration Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by . This fund is suitable to keep your money safe.

Key Parameters

  1. Mirae Asset Low Duration Fund Direct Growth has ₹1164 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

Mirae Asset Low Duration Fund Direct Growth has given a CAGR return of 7.02% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.01%, 6.56% and 6.14% respectively.

Holdings

Mirae Asset Low Duration Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are LIC Housing Finance Ltd, Axis Bank Ltd., HDFC Bank Limited, Axis Bank Ltd., Power Finance Corporation Limited

Taxation

As it is a low duration mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Mirae Asset Low Duration Fund Direct Growth

The investment objective of the scheme is to seek to generate returns with a portfolio comprising of debt and money market instruments, such that Macaulay duration of the portfolio is between 6 months - 12 months. The Scheme does not guarantee any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Low Duration Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
33 people have invested ₹ 14.6L in Mirae Asset Low Duration Fund Direct Growth in the last three months

Mirae Asset Low Duration Fund Direct Growth Overview

Expense ratio0.24%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹1164 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹99
Exit Load0%
Lock InNo Lock-in
TurnOver
259.59%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (23-Dec-24)

Period
Mirae Asset Low Duration Fund Direct Growth
Low Duration Index
1M
0.5%
0.3%
3M
1.8%
1.5%
6M
3.9%
3.4%
1Y
8%
7.2%
3Y
6.6%
6.1%
5Y
6.1%
6%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
95.5%

AA
4.5%

Sector Allocation

Nov'24

Oct'24

Sep'24

Corporate
57.1%
Cash Equivalent
23.8%
Government
19.1%
All changes are between Oct'69 and Dec'69
Parameters
Nov'24
Oct'24
Sep'24
AUM
₹ 1.2K Cr
₹ 1.2K Cr
₹ 1.2K Cr
  • AUM of the fund stands at 1.2K Cr as of Nov'24
  • AUM increased by 97.8 Cr between Nov'24 and Oct'24
Cash allocation has gone down from 30.8% to 23.7%
Cash allocation has gone down from 30.8% to 23.7%
Debt allocation has gone up from 69% to 76%
Debt allocation has gone up from 69% to 76%

Top 2 Sectors in November were Corporate, Government

Nov'24
Corporate
57%
Government
19%
Oct'24
Corporate
65%
Government
16%
  • Debt & Cash

Holdings
Weight%
1M Change
LIC Housing Finance Ltd
LIC Housing Finance Ltd
5.54%
0%
Axis Bank Ltd.
Axis Bank Ltd.
4.15%
0%
HDFC Bank Limited
HDFC Bank Limited
4.12%
0%
Axis Bank Ltd.
Axis Bank Ltd.
4.06%
100%
Power Finance Corporation Limited
Power Finance Corporation Limited
3.84%
0%
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Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.82L Cr
as on 29-Nov-2024
Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Website
customercare@miraeasset.com

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has increased expense ratio by 26.3% moving from 0.19 to 0.24.
Insights icon
This fund has one of the lowest expense ratio in the category (low duration). Its expense ratio is 0.24% which is lower than the category average expense ratio of 0.67%.
Insights icon
In the last 3 years, Aditya Birla Sun Life Low Duration Direct Plan Growth has given 6.87% return, outperforming this fund by 0.31% per annum.
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In the last 5 years, UTI - Low Duration Fund - Direct Plan - Growth Option has given 7.18% return, outperforming this fund by 1.04% per annum.
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Over the last 1 month, this fund has experienced a 6.8% drop in AUM moving from 1.24K Cr to 1.16K Cr.
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In the last 1 year, Kotak Low Duration Fund- Direct Plan- Growth Option has given 8.2% return, outperforming this fund by 0.19%.

Mirae Asset Low Duration Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.02% since inception which is more than its category average return of 5.04%
AUM size ₹1164 Cr

AUM size ₹1164 Cr

This fund has AUM of ₹1164 Cr which is less than its category average of ₹ 4573 Cr
Expense Ratio 0.24%

Expense Ratio 0.24%

This fund has an expense ratio of 0.24% which is less than its category average expense ratio of 0.65%

Frequently Asked Questions for Mirae Asset Low Duration Fund Direct Growth

The current NAV of Mirae Asset Low Duration Fund Direct Growth is ₹2353.29 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
Mirae Asset Low Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.54%
0.54%
6 Month Returns
3.87%
3.87%
1 Year Returns
8.01%
8.01%
3 Years Returns
20.98%
6.56%
5 Years Returns
34.72%
6.14%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.24% as on November 2024
₹1164 Cr as on November 2024
LIC Housing Finance Ltd(5.54%), Axis Bank Ltd.(4.15%), HDFC Bank Limited(4.12%), Axis Bank Ltd.(4.06%), Power Finance Corporation Limited(3.84%) as on November 2024
Corporate(57.06%), Cash Equivalent(23.8%), Government(19.14%) as on November 2024
Yield to Maturity is 7.59 as on November 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.85 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
95.46
AA
4.54
The Exit load of Mirae Asset Low Duration Fund Direct Growth is 0%