Mirae Asset Short Duration Direct Growth
Debt
Direct
Short Duration
NAV: ₹ 15.1 as on 16-05-2024
About the Fund
Mirae Asset Short Duration Direct Growth is a debt fund. This fund was started on 16 March, 2018. The fund is managed by Amit Modani. This fund is suitable to keep your money safe.
Key Parameters
- Mirae Asset Short Duration Direct Growth has ₹346 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Fund Performance
14 people have invested ₹ 3.4L in Mirae Asset Short Duration Direct Growth in the last three months
Overview
 | 0.3% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹346 Cr |
 | 16 March, 2018 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 294.34% |
Mirae Asset Short Duration Direct Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
89.7%
AA
10.3%
Sector Allocation
Corporate
57.9%
Government
29.5%
Cash Equivalent
12.7%
Top Holdings of Mirae Asset Short Duration Direct Growth as on (30-Apr-24)
Debt Holdings42
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.32% Govt Stock 2030 | 7.27% | 400% | |
7.1% Govt Stock 2034 | 6.9% | 0% | |
ICICI Bank Limited | 5.62% | 100% | |
Small Industries Development Bank Of India | 5.31% | 428.6% | |
Pipeline Infrastructure Ltd. 7.96% | 3.78% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 335.7 Cr as of Apr'24
- AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 3 years, UTI - Short Duration Fund - Direct Plan - Growth Option has given 7.64% return, outperforming this fund by 2.07% per annum.
In the last 5 years, ICICI Prudential Short Term Fund Direct Plan Growth Option has given 7.92% return, outperforming this fund by 1.14% per annum.
In the last 1 year, ICICI Prudential Short Term Fund Direct Plan Growth Option has given 7.84% return, outperforming this fund by 0.75%.
This fund has one of the lowest expense ratio in the category (short duration). Its expense ratio is 0.3% which is lower than the category average expense ratio of 0.7%.
Over the last 6 months, this fund has experienced a 2.8% drop in AUM moving from 356.33 Cr to 346.19 Cr.
Peer Analysis
Fund Manager
Amit Modani
Fund Manager of Mirae Asset Short Duration Direct Growth, since 30 June 2021
Top funds managed
Mirae Asset Short Duration Direct Growth Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 6.9% since inception which is more than its category average return of 5.63%
AUM size ₹346 Cr
This fund has AUM of ₹346 Cr which is less than its category average of ₹ 3590 Cr
Expense Ratio 0.3%
This fund has an expense ratio of 0.3% which is less than its category average expense ratio of 0.67%
Frequently Asked Questions
The current NAV of Mirae Asset Short Duration Direct Growth is ₹15.1 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
Mirae Asset Short Duration Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.69% | 0.69% |
6 Month Returns | 3.99% | 3.99% |
1 Year Returns | 7.1% | 7.1% |
3 Years Returns | 17.64% | 5.57% |
5 Years Returns | 38.85% | 6.78% |
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.
0.3% as on April 2024
₹346 Cr as on April 2024
7.32% Govt Stock 2030(7.27%), 7.1% Govt Stock 2034(6.9%), ICICI Bank Limited(5.62%), Small Industries Development Bank Of India(5.31%), Pipeline Infrastructure Ltd. 7.96%(3.78%) as on April 2024
Corporate(57.87%), Government(29.45%), Cash Equivalent(12.68%) as on April 2024
Yield to Maturity is 7.75 as on April 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 2.55 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 89.7 |
AA | 10.3 |
Amit Modani is the fund manager of Mirae Asset Short Duration Direct Growth
The Exit load of Mirae Asset Short Duration Direct Growth is 0%