Mirae Asset Low Duration Fund Direct Growth

Mirae Asset Low Duration Fund Direct Growth

NAV as on 24-04-2025

₹ 2427.28

Inception Returns

7.1%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
55 people have invested ₹ 24L in Mirae Asset Low Duration Fund Direct Growth in the last three months

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 ₹1415 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 7.09% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.49%, 7.23% and 6.32% respectively.

Holdings

Mirae Asset Low Duration Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are ICICI Bank Limited, National Bank For Agriculture And Rural Development, Rec Limited, Power Finance Corporation Limited, LIC Housing Finance Ltd

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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
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.

Mirae Asset Low Duration Fund Direct Growth Overview

Expense ratio0.19%
Benchmark
NIFTY Low Duration Debt TR INR
AUM₹1415 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 (24-Apr-25)

Period
Mirae Asset Low Duration Fund Direct Growth
Low Duration Index
1M
1.2%
0.9%
3M
2.5%
1.9%
6M
4.3%
3.3%
1Y
8.5%
7.2%
3Y
7.2%
6.5%
5Y
6.3%
6.1%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
94.2%

AA
5.8%

Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Sep'24

Corporate
48%
Cash Equivalent
39.1%
Government
12.9%
All changes are between Oct'69 and Dec'69
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 1.4K Cr
₹ 1.2K Cr
₹ 1.4K Cr
  • AUM of the fund stands at 1.4K Cr as of Mar'25
  • AUM increased by 214.6 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Indian Railway Finance Corporation Limited's allocation increased from 0.32% to 7.13%
Indian Railway Finance Corporation Limited's allocation increased from 0.32% to 7.13%
LIC Housing Finance Ltd's allocation increased from 0.47% to 5.13%
LIC Housing Finance Ltd's allocation increased from 0.47% to 5.13%
Rec Limited's allocation increased from 0.4% to 2.78%
Rec Limited's allocation increased from 0.4% to 2.78%
Top Stocks sold last month
HDFC Bank Limited's allocation decreased from 5.26 % to 3.81 %
HDFC Bank Limited's allocation decreased from 5.26 % to 3.81 %
Power Finance Corporation Limited's allocation decreased from 5.26 % to 3.55 %
Power Finance Corporation Limited's allocation decreased from 5.26 % to 3.55 %
Rec Limited's allocation decreased from 5.26 % to 1.56 %
Rec Limited's allocation decreased from 5.26 % to 1.56 %
Cash allocation has gone up from 34.9% to 47.4%
Cash allocation has gone up from 34.9% to 47.4%
Debt allocation has gone down from 64.8% to 52.4%
Debt allocation has gone down from 64.8% to 52.4%

Top 2 Sectors in March were Corporate, Government

Mar'25
Corporate
48%
Government
13%
Feb'25
Corporate
53%
Government
23%
  • Debt & Cash

Holdings
Weight%
1M Change
ICICI Bank Limited
ICICI Bank Limited
5.74%
43.5%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
5.31%
36.4%
Rec Limited
Rec Limited
4.26%
500%
Power Finance Corporation Limited
Power Finance Corporation Limited
3.17%
0%
LIC Housing Finance Ltd
LIC Housing Finance Ltd
3.17%
0%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Mirae Asset Low Duration Fund Direct Growth
Mirae Asset Low Duration Fund Direct Growth
8.49%
7.23%
6.32%
7.09%
Kotak Low Duration Fund- Direct Plan- Growth Option
Kotak Low Duration Fund- Direct Plan- Growth Option
8.58%
7.4%
6.79%
8%
HDFC Low Duration Direct Plan Growth Option
HDFC Low Duration Direct Plan Growth Option
8.45%
7.44%
6.84%
7.76%
Aditya Birla Sun Life Low Duration Direct Plan Growth
Aditya Birla Sun Life Low Duration Direct Plan Growth
8.38%
7.41%
6.77%
8.03%
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Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.68L Cr
as on 31-Mar-2025
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
In the last 5 years, UTI - Low Duration Fund - Direct Plan - Growth Option has given 7.29% return, outperforming this fund by 0.97% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (low duration). Its expense ratio is 0.19% which is lower than the category average expense ratio of 0.66%.
Insights icon
Over the last 1 month, this fund has experienced a 17.9% growth in AUM moving from 1.19K Cr to 1.41K Cr.
Insights icon
Over the last 1 month, this fund has decreased expense ratio by 9.5% moving from 0.21 to 0.19.
Insights icon
In the last 3 years, ICICI Prudential Savings Fund Direct Plan Growth has given 7.49% return, outperforming this fund by 0.26% per annum.
Insights icon
In the last 1 year, Kotak Low Duration Fund- Direct Plan- Growth Option has given 8.58% return, outperforming this fund by 0.09%.

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 7.09% since inception which is more than its category average return of 5.82%
AUM size ₹1415 Cr

AUM size ₹1415 Cr

This fund has AUM of ₹1415 Cr which is less than its category average of ₹ 5783 Cr
Expense Ratio 0.19%

Expense Ratio 0.19%

This fund has an expense ratio of 0.19% which is less than its category average expense ratio of 0.6%

Frequently Asked Questions for Mirae Asset Low Duration Fund Direct Growth

The current NAV of Mirae Asset Low Duration Fund Direct Growth is ₹2427.28 as on 24-Apr-2025.
Existing (Absolute + CAGR) as on 24-Apr-2025.
Mirae Asset Low Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.22%
1.22%
6 Month Returns
4.31%
4.31%
1 Year Returns
8.49%
8.49%
3 Years Returns
23.31%
7.23%
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.
0.19% as on March 2025
₹1415 Cr as on March 2025
ICICI Bank Limited(5.74%), National Bank For Agriculture And Rural Development(5.31%), Rec Limited(4.26%), Power Finance Corporation Limited(3.17%), LIC Housing Finance Ltd(3.17%) as on March 2025
Corporate(47.97%), Cash Equivalent(39.13%), Government(12.9%) as on March 2025
Yield to Maturity is 7.29 as on March 2025. 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 0.89 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
94.24
AA
5.76
The Exit load of Mirae Asset Low Duration Fund Direct Growth is 0%