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Home Mutual FundsDebtShort Duration FundMirae Asset Short Term Fund

Mirae Asset Short Term Fund

The fund details shown here are of the Growth Plan option and belongs to the Debt, Short Duration Fund category.

The NAV for Mirae Asset Short Term Fund Fund is 15.218 as of 21 Feb 2025. NAV or Net Asset Value, is a crucial metric in the context of mutual funds. It represents the per - unit market value of a mutual fund scheme. NAV is calculated by the fund house on every business day and is a key factor in determining the value of an investor's holdings in the mutual fund.

This fund has given 5.85% annualized return for the last 3 years.

At present Mirae Asset Short Term Fund has not been rated by us.

  • 1M
  • 3M
  • 6M
  • 1YR
  • 3YR
  • 5YR
  • 10YR
  • Since Inception

Fund Information

  • As of 31 Aug 2023, fund size of Mirae Asset Short Term Fund is 342.02 Cr.

  • Mirae Asset Short Term Fund shown here is of Growth plan.

  • The Total Expense Ratio (TER) of the fund is 1.15%. The Total Expense Ratio (TER) is a measure that represents the total costs associated with managing and operating a mutual fund as a percentage of its average Assets under Management (AUM). It provides an insight into the overall expenses they will incur by investing in the fund.

  • Mirae Asset Short Term Fund is an Debt oriented mutual fund in the - Short Duration Fund category.

  • CRISIL Short Duration Debt B-II Index is the benchmark for Mirae Asset Short Term Fund. A benchmark for a mutual fund serves as a standard for performance comparison, helping investors assess how well the fund is meeting its objectives and how it fares against relevant market indicators. Investors often compare the fund's performance with the benchmark as well as its peers.

  • The inception date of a mutual fund refers to the date when the fund was first established and began operations. It is the starting point from which the fund's performance, returns, and other key metrics are calculated. The fund was started on 01 Mar 2018 as at present it is 7 years old fund.

  • Name of the AMC is Mirae Asset Mutual Fund. Click here to know more about Mirae Asset Mutual Fund.

Fund Managed By

Fund managers make investment decisions, optimizing returns and managing risks for portfolios. Responsibilities include market analysis, performance monitoring. Mirae Asset Short Term Fund managed by following fund manager(s);

Riskometer

Investors understand that their principal
will be at Moderate risk

How does the Return Comparison of the Mirae Asset Short Term Fund fare against peer funds in the Short Duration fund category?

Peer fund returns can vary based on the collaborative nature and specific strategies employed by fund managers of these funds listed in below table, often showcasing different risk-return profiles compared to strategy adopted by Mirae Asset Short Term Fund. Below table demonstrate the returns generated by some peer funds and compare tho this fund and average return generate by the Debt, Short Duration fund category these peer funds belongs to.

Fund Name 1 Week 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 10 Years
Category Best 0.12% 0.65% 1.89% 5.24% 8.88% 7.86% 13.80% 7.84% 7.45%
Category Average 0.10% 0.55% 1.59% 3.34% 6.95% 6.85% 6.18% 5.90% 6.70%
Mirae Asset Short Term Fund 0.11% 0.65% 1.81% 3.57% 7.49% 7.14% 5.85% 5.59% -
Bank Of India Short Term Income Fund 0.11% 0.58% 1.66% 5.24% 8.88% 7.65% 13.80% 7.84% 5.69%
ICICI Prudential Short Term Fund 0.11% 0.62% 1.72% 3.60% 7.72% 7.72% 6.86% 6.66% 7.42%
HDFC Short Term Debt Fund 0.12% 0.64% 1.78% 3.77% 8.04% 7.86% 6.50% 6.53% 7.45%
Aditya Birla Sun Life Short Term Fund 0.11% 0.63% 1.84% 3.72% 7.70% 7.55% 6.47% 6.73% 7.35%
UTI Short Term Income Fund 0.12% 0.63% 1.70% 3.71% 7.47% 7.53% 6.36% 7.26% 6.27%

Fund Portfolio Details

Portfolio details of a fund generally refer to a comprehensive breakdown of the investments held within a specific investment vehicle, such as a mutual fund or exchange-traded fund (ETF). Portfolio details of Mirae Asset Short Term Fund are shown below;

Equity -

Debt 94.38%

Others 5.62%

Top Holdings

Name of the InstrumentHolding Percentage
GOVERNMENT OF INDIA 32829 GOI 10AP28 7.06 FV RS 100 11.32%
ICICI BANK LIMITED CD 11SEP23 6.30%
GOVERNMENT OF INDIA 23277 GOI 22SP33 FLT FV RS 100 3.85%
MUTHOOT FINANCE LIMITED SR 27 A OP I 8.43 NCD 31JL26 FVRS1LAC 3.80%
SHRIRAM FINANCE LIMITED SR 9.00%SFLNCDS2024 9 NCD 24JU24 FVRS1LAC 3.80%
Others 70.93%
Click here to know More

Allocation by Instruments

Type of the InstrumentHolding Percentage
GOVERNMENT SECURITIES 23.03%
CERTIFICATE OF DEPOSIT 9.88%
DEBENTURE 36.43%
BOND 25.04%

Portfolio Holdings shown is as of 31 Aug 2023