NAV as on 24-04-2025
₹ 2427.28
Inception Returns
7.1%
/yr
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.
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.
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
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.
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 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.
Expense ratio | 0.19% |
Benchmark | NIFTY Low Duration Debt TR INR |
AUM | ₹1415 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 259.59% |
STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Low to Moderate Risk |
as on (24-Apr-25)
as on (31-Dec-69)
Top 2 Sectors in March were Corporate, Government
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% |
AAA | 94.24 |
AA | 5.76 |