Debt
Direct
Short Duration
NAV as on 06-09-2024
₹ 15.52
Inception Returns
7%
/yr
Mirae Asset Short Duration Fund 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.
Mirae Asset Short Duration Fund Direct Growth has given a CAGR return of 7.03% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.06%, 5.91% and 6.55% respectively.
Mirae Asset Short Duration Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.32% Govt Stock 2030, 7.1% Govt Stock 2034, 7.37% Govt Stock 2028, National Bank For Agriculture And Rural Development, Bharti Telecom Limited
As it is a short 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.
The investment objective of the scheme is to seek to generate returns through an actively managed diversified portfolio of debt and money market instruments with Macaulay duration of the portfolio is between 1 year to 3 years.However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Mirae Asset Short Duration Fund Direct Growth has no lock in period.
Expense ratio | 0.29% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
AUM | ₹335 Cr |
Inception Date | 16 March, 2018 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 291.95% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Low to Moderate Risk |
as on (06-Sep-24)
as on (31-Dec-69)
Top 2 Sectors in July were Corporate, Government
Mirae Asset Short Duration Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.65% | 0.65% |
6 Month Returns | 4.24% | 4.24% |
1 Year Returns | 8.06% | 8.06% |
3 Years Returns | 18.81% | 5.91% |
5 Years Returns | 37.33% | 6.55% |
AAA | 88.79 |
AA | 11.21 |