Mirae Asset Short Term Fund - Regular Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Short Duration Fund

Fund House : Mirae Asset Mutual Fund

NAV

This number shows latest NAV (Net Asset Value) and change in the NAV from previous day. NAV is nothing but the unit price for the fund. You will be allocated number of units based on this price. NAV is declared once each day generally at the end of the day. Once you invest in mutual funds, your money is further invested in stocks and bonds by mutual fund managers. Mutual Fund NAV is the per unit latest value of all such stocks/bonds held in the portfolio

: ₹ 13.7582 -0.01%
(as on 08th September, 2023)

Crisil Rank

Relatively weak performance among peers

Fund Size

: ₹ 416.6 Cr

(0.42% of Investment in Category)

Expense Ratio

: 1.11%

(1.02% Category average)

Risk-O-Meter

Moderate

Short Duration Fund :Short Duration Fund : The fund has 92.19% investment in Debt, of which 18.41% in Government securities, 73.77% is in Low Risk securities.

Suitable For : Investors who want to invest for 1-3 years and are looking for alternative to bank deposits.

Crisil Rank Change : Fund Crisil rank was updated from 2 to 1 in the previous quarter.

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6M
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This Scheme

VS

CRISIL 10 Year Gilt Index

0.12%

0.3%

4.99%

6.08%

2.98%

6.73%

4.57%
NA
19.61%

20.96%

24.3%

29.02%

5.08%

5.94%

6.82%

NA
Gold

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Returns Calculator
SIP Calculator
VIP (Value Avg)

Amount

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Profit/Loss

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Annualised Returns

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Returns (NAV as on 08th September, 2023)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	01-Sep-23	10009.30	0.09%	-	0.07%	4/24
1 Month	08-Aug-23	10044.20	0.44%	-	19.61%	17/27
3 Month	08-Jun-23	10118.60	1.19%	-	20.96%	17/27
6 Month	08-Mar-23	10371.90	3.72%	-	24.30%	19/27
YTD	30-Dec-22	10450.00	4.50%	-	25.82%	18/27
1 Year	08-Sep-22	10578.80	5.79%	5.79%	29.02%	20/27
2 Year	08-Sep-21	10825.30	8.25%	4.04%	5.08%	17/24
3 Year	08-Sep-20	11341.50	13.42%	4.29%	5.26%	15/22
5 Year	07-Sep-18	13498.00	34.98%	6.18%	5.94%	12/21
Since Inception	16-Mar-18	13758.20	37.58%	5.99%	6.82%	20/24

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 08th September, 2023)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	08-Sep-22	12000	12409.15	3.41 %	6.36 %
2 Year	08-Sep-21	24000	25319.26	5.5 %	5.23 %
3 Year	08-Sep-20	36000	38642.39	7.34 %	4.65 %
5 Year	07-Sep-18	60000	68467.16	14.11 %	5.22 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

If sold after 3 years from purchase date, long term capital gain tax will be applicable. Current tax rate is the lower of (a) 10% of profit or (b) 20% of profit adjusted after indexation benefits. Any cess/surcharge is not included.|If sold before 3 years from purchase date, short term capital gain tax will be applicable. Any profit will be clubbed with your income and taxed at your effective tax rate.

Portfolio (Updated on 31st Jul,2023)

No of Debt Holding 37 (Category Avg - 47.08) | Modified Duration 2.09 Years (Category Avg - 2.08)| Yield to Maturity 7.57% (Category Avg - 7.23%)

Type of Holdings

Security Type	% Weight	Category Average
GOI	18.41%	32.12%
CD	9.01%	4.41%
T-Bills	0.00%	1.43%
NCD & Bonds	64.76%	56.16%
CP	0.00%	1.69%
PTC	0.00%	0.39%

Investment / Portfolio Grades

Security Type	% Weight	Category Average
Government Backed	18.41%	33.55%
Low Risk	73.77%	53.14%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
Net Receivables	Net Receivables	5.00%
TREPS	TREPS	2.81%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st August, 2023)

Standard Deviation
Standard Deviation value gives an idea about how volatile fund returns has been in the past 3 years. Lower value indicates more predictable performance. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A standard deviation value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

Low volatility

0.83vs2.53

Category Avg
Beta
Beta value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A beta value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

2.73vs1.05

Category Avg
Sharpe Ratio
Sharpe ratio indicates how much risk was taken to generate the returns. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Sharpe ratio of 1.40 and fund B has a Sharpe ratio of 1.25, you can chooses fund A, as it has given higher risk-adjusted return.

Poor risk adjusted returns

-3.01vs-2

Category Avg
Treynor's Ratio
Treynor's ratio indicates how much excess return was generated for each unit of risk taken. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the beta of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Treynor's ratio of 1.40 and fund B has a Treynor's ratio of 1.25, then you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

-0.01vs-0.02

Category Avg
Jension's Alpha
Alpha indicates how fund generated additional returns compared to a benchmark. Let's say if a fund A benchmarks its returns with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the nifty returns by 1%, so the higher the alpha, the better.

Better risk adjusted returns

1.52vs0.28

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Franklin India Short Term Income Plan - Institutional Plan - Segregated Portfolio 2 - 10.90% Vodafone Idea Ltd 02Sep2023 (P/C 03Sep2021) - Growth Option	NA	164.26	259.05	267.26	280.37	315.16	0.00
Franklin India Short Term Income Plan - Retail Plan - Segregated Portfolio 2 - 10.90% Vodafone Idea Ltd 02Sep2023 (P/C 03Sep2021) - Growth Option	NA	164.26	259.05	267.26	280.37	309.12	0.00
Bank of India Short Term Income Fund - Growth	5	95.53	0.41	1.04	3.24	12.86	11.51
Franklin India Short Term Income Plan - Growth	1	408.95	0.43	2.02	5.01	9.20	12.89
ICICI Prudential Short Term Fund - Growth	4	18244.60	0.55	1.66	4.09	6.93	5.52
HDFC Short Term Debt Fund - Growth	3	12411.51	0.55	1.52	4.14	6.60	5.12
Baroda BNP Paribas Short Duration Fund - Regular Plan - Growth	1	228.92	0.50	1.26	4.23	6.49	4.53
Sundaram Short Duration Fund - Growth	4	199.29	0.46	1.24	3.94	6.45	4.68
UTI Short Term Income Fund - Institutional - Growth	3	2383.47	0.44	1.36	3.94	6.39	6.49
SBI Short Term Debt Fund - Regular Plan - Growth	2	13348.81	0.52	1.32	3.98	6.36	4.63

Detailed Comparison

More Funds from Mirae Asset Mutual Fund

Out of 62 mutual fund schemes offered by this AMC, 3 is/are ranked 4 * , 7 is/are ranked 3 * , 4 is/are ranked 2 * , 2 is/are ranked 1 * , and 46 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Mirae Asset Large Cap Fund - Regular - Growth	2	35349.07	1.96	8.11	13.40	12.07	20.01
Mirae Asset Emerging Bluechip Fund - Growth	2	28439.28	4.38	14.00	20.63	17.23	25.98
Mirae Asset Tax Saver Fund - Regular Plan - Growth	3	17630.50	3.04	11.43	18.19	16.57	25.03
Mirae Asset Midcap Fund - Regular Plan - Growth	3	11919.25	6.09	19.54	27.56	21.88	34.26
Mirae Asset Cash Management Fund - Growth	3	9815.88	0.56	1.69	3.53	6.73	4.64
Mirae Asset Focused Fund - Growth	2	9214.38	2.66	8.92	14.13	10.70	21.29
Mirae Asset Hybrid - Equity - Growth	3	7777.52	1.93	7.25	13.45	12.68	18.07
Mirae Asset Great Consumer Fund - Growth	NA	2589.47	3.64	9.44	23.04	18.17	25.60
Mirae Asset Healthcare Fund - Growth	NA	1812.41	0.90	19.09	29.52	19.02	17.23
Mirae Asset NYSE FANG+ ETF - Regular Plan - Growth	NA	1619.46	0.00	0.00	0.00	0.00	0.00